Become a Certified Public Accountant

Become a Certified Public Accountant

(www.aicpa.org)

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, agriculture 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 Commerce and Accountancy and want to be a globally recognized professional, then pursuing a CPA course is the first step towards achieving your dreams. Through this blog, let us provide you with an insight into every little detail about the CPA course and exam.

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 CMA is a U.S.-based, globally recognized certification offered by The Institute of Management Accountants

Financial management is a crucial aspect of any thriving business. Profit maximization, or stockholder wealth maximization, are two real concerns for any organization – and they depend on solid financial decisions. To make good decisions, management needs good information. And that information comes from the accounting system. From the accounting system come’s the financial statements. These statements contain important information about the organization’s operating results.

This information is important for effective management, and financial control. As a manager, or any other person with financial responsibility, you have to be able to interpret this information yourself. Financial statements contain important information about your company’s operating results and financial position. The relationship between certain items of financial data can be used to identify areas where your firm excels and, more importantly, where there are opportunities for improvement. Using, understanding, and interpreting these statements will help you make much better business decisions. The CMA credential is your key to greater career potential. Pursue the CMA and demonstrate your mastery of the critical accounting and financial management skills needed on the job today. CMAs earn the credential through work experience, a rigorous two-part exam, and continuing education.

Objectives

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 B. Com/BBA with the following courses:
• Auditing
• Taxation
• Cost/Management Accounting
• Financial Accounting

4 Years graduation with major in Financial Accounting 3 years graduation in any discipline with Masters (MBA/M. Com) 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), Business Environment and Concepts (BEC) and Regulation (REG).

The candidates have to clear all 4 sections within 18 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 (Only in BEC).

CPA Course: Syllabus for the CPA Exam

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.

LetsLearn Global:

We offer the complete CPA review course, with updated content. Latest AICPA released question with online academic support by the trainer.

You will be provided the live interactive sessions with a one-year free access to our Letslearn App which contains:

• Well organized study material
• Video lectures
• E books
• MCQs
• TBS with suggested answers
• Work sheets

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