Mastering the US CPA Syllabus: Key Topics Indian Students Should Focus On

Introduction

If you are an accounting student, you must have once thought about the US CPA course as your future career plan. Perhaps your professors, classmates, or someone who has already acquired the US CPA certification have also told you about the benefits of this certification, including how it can offer opportunities for professions that were previously not available to unlicensed accountants. A US Certified Public Accountant (CPA) is a member of AICPA and has obtained this designation by passing the CPA Exam. In the US, the only prerequisite for licensing in accounting and auditing is the CPA course, which is acknowledged worldwide.
There is a high need for skilled accountants who can serve as financial consultants and maintain tabs on all available cash resources due to the growth of new enterprises and the spreading of resource distribution. Since then, there has been a sharp rise in the need for certified public accountants to meet these requirements. You will be in charge of managing the finances as the company's CPA. Although it's a well-paying job, it's also quick-paced and fiercely competitive.
The first step towards realizing your ambition of having a successful career in business and accounting and becoming a respected professional worldwide is to pass a CPA course. To pass the US CPA exam with flying colors, students must get familiar with the US CPA syllabus for effective CPA Exam Preparation. For your convenience, we have included a brief overview of the US CPA syllabus in this article that covers all you need to know.

US CPA Course Syllabus

A CPA USA has to be proficient and knowledgeable in a wide range of topics. The main objective of the US CPA course syllabus is to give comprehensive knowledge of the course's subject matter. In order to make sense of everything, the complete US CPA syllabus is divided into four parts, each of which deals with a body of related information. There are different subjects to be discussed in each segment.
The CPA USA exam is divided into four sections, as follows:
  • Auditing and Attestation (AUD)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG),
  • Business Environment Concepts (BEC)
We will now provide you with important information on the subjects mentioned above and walk you through the US CPA syllabus, the world's most difficult accounting qualification exam. Take a look into this if you are currently concentrating on CPA Exam Preparation and passing the exam.

Auditing and Attestation (AUD)

This section of the CPA test, which is regarded as the most difficult, largely focuses on all facets of auditing. The capacity of the examinee to manage the professional activities of a certified public accountant and how they might further apply in real-life circumstances is tested in this part.
The following are the major sections of the CPA AUD curriculum and their corresponding weightage:
TopicPercentage
Engagement Acceptance and Understanding of the Assignment12-16%
Understanding the Entity and Its Environment (including Internal Control)16-20%
Performing Audit Procedures and Evaluating Evidence16-20%
Evaluating Audit Findings, Communications, and Reporting16-20%
Accounting and Review Services Engagements12-16%
Professional Responsibilities16-20%

Financial Accounting and Reporting (FAR)

Students are advised to start with this part because FAR  is content-centric. Candidates will gain in the long term by beginning with the FAR part, which is considered the most time-consuming component.
Following are the major sections of the CPA FAR curriculum and their respective weightage:
TopicPercentage
Conceptual Framework, Standards, Standard Setting, and Presentation of Financial Statements17-23%
Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures27-33%
Specific Transactions, Events, and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures27-33%
Governmental Accounting and Reporting8-12%
Not-for-Profit (Nongovernmental) Accounting and Reporting8-12%

Business Environment and Concepts (BEC)

Due to the amount of content it covers, including business and economic principles, the Business Environment and Concept part is regarded as one of the most difficult tests. With the help of the CPA BEC module, you may advance your understanding of business concepts and learn how to use them in practical situations.
The following are the major topics covered by the CPA BEC curriculum and their respective weightage:
TopicPercentage
Corporate Governance16-20%
Economic Concepts and Analysis16-20%
Financial Management19-23%
Information Systems and Communications15-19%
Strategic Planning10-14%
Operations Management12-16%

Regulation (REG)

Regulation (REG) is the result of combining corporate law with federal taxation. The fundamentals of business ethics are covered in this section. Most of the section will seem to be taken directly from business law texts.
The following are the major sections of the CPA REG curriculum and how much weightage each one has:
TopicPercentage
Ethics, Professional, and Legal Responsibilities15-19%
Economic Concepts and Analysis17-21%
Federal Tax Process, Procedures, Accounting, and Planning11-15%
Federal Taxation of Property Transactions12-16%
Federal Taxation13-19%
Federal Taxation of Entities18-24%

The complete US CPA syllabus is the sum of all of these sections; thus, if you are doing CPA Exam Preparation, you should consider each section  a topic for CPA. 

US CPA Exam Structure

Candidates attempting the CPA exam Preparation should be familiar with the structure of the exam. The CPA exam is a computer-based examination that is administered to applicants at certain locations across the world. The CPA exam is divided into three testlets: written communication, task-based, and multiple-choice questions. The relevance of task-based simulations has increased during the last few years. With the exception of BEC, simulations, and MCQs are equally weighted. 
Weightage of every section of the CPA exam:
SectionAUDBECFARREG
Multiple-Choice Questions (MCQs)50%50%50%50%
Task-Based Simulations (TBSs)50%35%50%50%
Written Communication Tasks-15%--
After getting this extensive information about the US CPA course syllabus and exam pattern, one must think of the worth of this course. In the next section, we will look at a few job opportunities for CPA professionals that will prove that your investment of money and hard work in this course is totally worth it.

US CPA Career Opportunities

Here is a short overview of the most sought-after CPA job prospects:
Public Accounting - A wide variety of accounting, auditing, tax, and consulting services are offered by CPAs in public accounting companies to customers of all sizes. CPAs can deal with a wide range of customers, including large worldwide companies and small local businesses. 
Government and Non-Profit Organizations - In this huge sector, CPAs can work in a wide range of capacities, from staff accountants to CFO. They are responsible for gathering, evaluating, and publishing financial data for organizations.   
Forensic Services - Investigations into crimes, including fraud, money laundering, and theft, are conducted by forensic CPAs using their accounting expertise. In order to further examine financial crimes, law enforcement organizations like the FBI often turn to forensic accountants.  
Financial Advisor - Individuals can seek the financial advice of CPAs who can help them manage their money and make wise choices about things like retirement planning, house buying, and company startup.

FAQs 

Q1. How can Indian students pursue US CPA?
Ans. In order to apply and take the US CPA certification exam, applicants must have a minimum of 120 credit hours in accounting from an Indian university, which can be done by four years of college education. Before submitting an application for the exam, students should enroll in a course from the top prep provider, like NorthStar Academy, for all-inclusive CPA exam preparation. Students can submit an application for a US CPA license after completing the exam.
Q2. Which state is best for CPA USA for Indian students?
Ans. There are several states for overseas applicants; typically, it depends on your graduation's business and accounting courses. However, many states, like California, Arizona, and New Hampshire, also give weight to non-accounting credentials. Alaska permits applicants to take the examination prior to graduation; theoretically, holders of a 3-year BCOM degree may take the examination as long as they have completed enough accounting credit hours. 
Q3. Is US CPA in demand in India?
Ans. In India, enrolling in a CPA course for effective CPA exam preparation can be the best option because there are many job opportunities in the fields of auditing, financial planning, taxation, and analysis. CPAs are in high demand among US businesses having offices in India. The "Big 4" accounting firms, KPMG, Deloitte, PwC, and EY, typically hire CPAs in India.
Q4. Can an Indian CPA get a job abroad?
Ans. You can begin seeking positions as an international accountant after you have obtained your CPA license. You might perform research to find organizations that often conduct business abroad regularly, as these people typically work for businesses that have business connections or relationships with businesses overseas.
Q5. What is the average package of CPA USA in the USA?
Ans. The average CPA income in the US is in the high five figures, and the senior CPA in management comfortably earns a six-figure compensation of $119,000 per year. According to Indeed, the typical annual income for a CPA in the US ranges from around $60,000 for an administrative assistant to $150k for a certified public accountant, with an average of $95k.

Conclusion

The US CPA syllabus has four sections covering a wide range of topics. A candidate must adequately study for all of the US CPA papers due to the substantial covering of each and every topic in the US CPA course syllabus. To pass all of the sections, the individual must do the CPA exam preparation under the guidance of an expert US CPA mentor.
Northstar Academy (NSA) offers a well-organized CPA USA certification course. Enrolling candidates can choose between the classroom and online training for the US CPA course. The CPA course syllabus instruction and CPA USA Exam Prep Tips are provided by well-trained US CPA experts, such as M. Irfat Sir, with extensive industry experience and seasoned teachers. 
Contact our expert here if you want more information about the specifics of the US CPA course.
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