Certified Public Accountant
AICPA’s CPA® (Certified Public Accountant) certification is a professional credential that can be earned in the Financial reporting, Auditing, Taxation, Law, advanced management accounting and financial management fields.
Today, global businesses are becoming a fact of life and have now entered every single sector or domain in the world, be it education, banking and the list is endless. Working towards the betterment of the sector they work in; businesses have always strived to operate on a competitive edge. With the coming of new businesses and expansion in the allocation of resources, there comes a dire need for professional accountants who can act as financial advisors and keep track of all the monetary funds. To cater to this requirement, certified accounting professionals have been in great demand ever since. If you are looking forward to a lucrative career in Accountancy,Finance and Auditing and want to be a globally recognized professional, then pursuing a CPA course is the first step towards achieving your dreams. The follow are are the details about the CPA course and exam.
| Study method | Online, Face to Face, Blended |
| Duration | 6 Months for each part |
| Achievement | Free access to our Video lectures and notes App for year |
| Additional info | Time to Time , Offers are available of Free Memberships along with course fees , check with our course counsellors to know more CONTACT US |
Course Overview
The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics, the skills most in demand on finance teams around the world. The CPA is a U.S.-based, globally recognized certification offered by the American Institute of Certified Public Accountants(AICPA).
Objectives
THE CPA® PROGRAM HAS FOLLOWING OBJECTIVES:
Wealth maximization is the primary goal of financial management, and the CPA certification equips individuals with the essential skills to manage and optimize financial resources effectively.
The objectives of the CPA course are as follows:
- To provide a comprehensive understanding of financial planning and analysis techniques.
- To develop expertise in financial control and decision support mechanisms.
- To instill professional ethics and standards in finance professionals.
- To prepare candidates to meet the demands of finance teams worldwide.
- To ensure that professionals can offer informed financial advice and strategic guidance.
Pre-Requisites of the Certification
There are 55 states in the US which are offering CPA. Every state has its own criteria of eligibility for CPA. Some states require 120 credit hours, some require 150 credit hours and some even require 24 credit hours in Accounting and 24 credit hours in business subjects. The eligibility depends upon your previous educational studies. However, in general if you are holding any one of the following educational qualifications, then you are eligible for CPA like;
3 years Degree, (B. Com/BBA ) with the following courses:
- Auditing
- Taxation
- Cost/Management Accounting
- Financial Accounting
- 3 years graduation in any discipline with Masters (MBA/M. Com) major in Financial Accounting
Or - 4 Years graduation with major in Financial Accounting
CPA Exam
The CPA course culminates with the candidate taking the CPA exam which is considered to be one of the toughest exams in the world. With examination being the required component and a key step in an aspiring CPA’s journey to professional practice, here are the essential points that you must consider before going for the CPA exam.
- The CPA exam is a computer-based test and is held 4 times in a year (in Jan-Feb, Apri-May, Jul-Aug, Oct-Nov). However, the registration for the CPA course is open throughout the year.
- To become a licensed CPA, you need to first pass the Uniform CPA Examination that comprises of 4 sections, each of 4-hours exam.
- The sections are namely, Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), Regulation (REG) and any One of the decipline sections namely Business Analysis and Reporting (BAR), Information Systems and Controls (ISC)and Tax Compliance and Planning (TCP):
- The candidates have to clear all 4 sections within 18/30* months and earning a minimum required score of 75 on each part.
- The test will contain elements like Multiple Choice Questions (MCQ), Task-Based Simulations (TBS) and Written Communication Tasks (in BAR).
CPA Course
Syllabus for the CPA Exam
Core Subjects:
The table below provides information about all the major topics to be covered while preparing for each of the 4 sections of the CPA exam.
Financial Accounting and Reporting (FAR)
| Financial Reporting |
| Select Balance Sheet Accounts |
| Select Transactions |
Regulation (REG)
| Ethics, Professional Responsibilities and Federal Tax Procedures |
| Business Law |
| Federal Taxation of Property Transactions |
| Federal Taxation of Individuals |
| Federal Taxation of Entities |
Auditing and Attestation (AUD)
| Ethics, Professional Responsibilities and General Principles |
| Assessing Risk and Developing a Planned Response |
| Performing Further Procedures and Obtaining Evidence |
| Forming Conclusions and Reporting |
Decipline:
Candidates must select one of the following discipline sections.
Business Analysis and Reporting(BAR) |
Business analysis |
Information Systems and Controls |
Information Systems and Data Security, |
Tax Compliance and Planning |
Tax Compliance and Planning for Individuals and Personal Financial Planning |