Certified Public Accountant (CPA-USA)
CPA USA is one of the foremost certifications accepted worldwide in the financial auditing streams. This certification is mandated by the American Institute of Certified Public Accountants (AICPA) in coalition with National Association of State Board of Accountancy, USA (NASBA) who issues CPA licenses in the United States of America. It is mandatory to have license from any of the respective state board to practice as a Certified Public Accountant in that state of the USA.
Asna
CPA
Why an Indian student should do a CPA USA certification?
Although this certification is one of the requirements towards acquiring a practicing license as a Certified Public Accountant in any of the selected state of the United States of America, Indian students who do not intend to relocate to America can also can benefit from merely passing the exam and not proceeding with the licensing part. There are many opportunities for professionals with CPA certification in Indian cities too as many US based MNCs of India prefer to employ such professionals. They tend to look for accountants familiar with US GAAP (Generally Accepted Accounting Principles). Moreover, CPA USA is a synonym for standard of competence in the financial accounting and auditing field and is considered equivalent to Indian Chartered Accountant. In addition, remuneration for CPA professionals is always much higher compared to non-CPA accounting professionals.
Our Motto States
An individual with a 4-year graduation or post graduate credential that meets the 120 credit point criteria can join this course as a thorough knowledge in the accounting stream is a needed requirement for being able to understand the subjects covered in Certified Public Accountant syllabus.
The CPA-USA exams are computer-based tests (CBT) and are conducted at authorized pro-metric centers four times in a year in the months of Jan-Mar, Apr-Jun, Jul-Sep and Oct-Dec. There are many pro-metric centers in India. Exam duration for AUD, FAR, REG are of four hours and BEC is of 3 hours. One need to score at least 75% in all the four subjects in order to pass CPA exam. The four papers will have Multiple Choice Questions (MCQ), task-based simulations and the BEC exam in particular will have questions to evaluate the written communication skills. We, at Logic School of Management prepare our students in such a manner so that they can confidently take up these exams at the first go. Further it is a matter of pride and happiness to convey that LSM students have a great track record in attaining high scores.
The syllabus includes 4 subjects as given below:
⁂ Financial Accounting and Reporting (FAR)
⁂ Auditing and Attestation (AUD)
⁂ Business Environment and Concepts (BEC)
⁂ Regulation (REG)
The Path Towards Being a Licensed Practicing CPA in the USA
A licensed practicing Certified Public Accountant is a sought-after profile in the streams of Financial Accounting, Corporate Finance and Management Consulting in the USA. In order to get the CPA license, one must have minimum 150 credit hours and two years of experience under a licensed CPA apart from successful completion of CPA exams mentioned above. Proper knowledge and adherence to ethical practices of the industry is a must to get the license. 40 hours of continued education is also required to retain the license each year.
CPA-USA @ LSM
Logic School of Management serves as the pioneer in conducting professional courses specialized in business management, accounting and auditing streams. Our renowned and highly experienced faculties have enabled thousands of students to shape up their career for the last two decades. We ensure that every student gets to enjoy around 700-750 hours of study for CPA course alongside revision classes and multiple mock tests. Our faculties provide and ensure individual attention to every student and devise variant strategies for each one of them as per their capabilities and strengths so that they are able to clear the exams in the first attempt. Additionally, access to several reference materials, books and questions banks are the immense advantage of being a student of Logic School of Management.
1.5 Years.
An individual with a 4-year graduation or post graduate credential that meets the 120 credit point criteria can join this course as a thorough knowledge in the accounting stream is a needed requirement.
Exams are scheduled four times in a year.
There are many authorized prometric centerers in India including Thiruvananthapuram.
Yes, Logic School of Management conducts mock tests as well as revision classes for students as part of their exam preparation. Moreover, each student will get about 700-750 hours of study.
Yes, our team provides all necessary guidance required for exam participation and enrollment.
Yes, there are few US state boards that allows a two-tier system by which a student get CPA certification upon the successful completion of the exam. By this system the candidates can apply for the license later as and when they are ready for it. Rest of the state boards would only bestow a CPA certification along with a practicing license.
The CPA Exam consists of four sections. You’ll take one section at a time. Each of the four sections is made up of five smaller sections known as “testlets,” which feature multiple-choice questions, task-based simulations, and in the case of the BEC section, written communication tasks.
You will take a different but equivalent exam. The questions presented to you are drawn from a pool of test questions according to defined specifications. Although you take different Exams, the specifications ensure that the results are comparable.
You must pass all four sections of the CPA Exam within 18 months. The calculation of when the 18-month timeframe begins varies by jurisdiction.
Yes and no. All CPAs are accountants, but not all accountants are Certified Public Accountants (CPAs). The principal differences between accountants and CPAs are education, experience, and opportunity. Becoming a CPA is a challenging goal, but one very much within your reach. Receiving your CPA certification distinguishes you from other business professionals – the benefits are increased trust, opportunity, and financial reward.
From the smallest start-up to the largest government agency, every business or organization requires the skills of a CPA. The CPA credential is highly regarded. To a potential employer it means high ethical standards as well as measurable experience, education, and skills. CPAs work mainly in public accounting, business and industry (corporate accounting), government, not-for-profit, and education.
You have six years to complete the CPA Program from the date you become an Associate member.
You need a score of 75 or higher to pass the CPA exam. Specifically, you must earn a 75 or higher on each of the four tests that make up the CPA exam.
There are 4 sections and the total duration of the exam is 16 hours (4 hours for each section).
The Notice to Schedule (NTS) is your notification that you may begin scheduling your examination with Prometric. It is a Hall ticket. NTS is issued in 2-4 weeks of exam application at the CPA Central.
The exam has 324 multiple-choice questions, 20 simulation questions, and 3 written communication (essay) questions.
No. NASBA only keeps Exam files for one year after the date of passing. If you passed the Exam over a year ago, you will need to submit your transcripts once more.
