CPA Exam in India | CPA Course Benefits, Syllabus, Career Scope in India, CPA Course Full Details
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CPA Course: Here we include the complete CPA Course Detail information-Eligibility, Cost, Period, Colleges, Salary. Here, with complete information that is relevant in this post, we will clarify the CPA Course. The eligibility to apply for credential for students. This article will allow you to discover the advantages of the CPA course, syllabus, qualifications, fee structure. CPA is the American accounting course equivalent to the Indian Chartered Accountant qualification. CPA is specifically designed to meet the demands of modern accounting professionals of Chartered Accountant.
CPA Course Benefits:
How CPA?
CPA USA eligibility for Indian CA, B.coms, MBA:
AICPA, the governing body of the US CPA qualification, mandates having a total of 120 credit points in order to appear for the CPA exam. The CPA USA eligibility of Indian students is as follows:
General rule:
The eligibility for CPA certification requires 120 credits. Every year of university education in India is equivalent to 30-semester credits of US education. ·
Using 1 year = 30 credits,
B.Com = 3 years x 30 credits = 90 credits
Exception: If B.Com is cleared in 1st division from a NAAC ‘A’ university, you are entitled to 30 additional credits, thereby increasing the credits to 120, however now many state boards in the US are not following this rule.Assuming you have only 90 credits (as per your graduation) then, you can pursue either M.Com or MBA through distance learning for attaining the balance credit points, but you can still sit for the CPA exam.
However, a professional qualification like CA/CS/CWA is counted as two years of university education, thus adding 60 credits more to your existing 90 credits. To summarise:
B.Com+ M.com/ MBA= 90/120 credits + 60 credits = 150/180 credits B.Com+ CA/CS/CWA = 90/120 credits + 60 credits = 150/180 credits
CPA USA Duration:
9-12 months with exams conducted every month.
Time limit to pass CPA course:
18 months from the date of receipt of the score of the first exam.
CPA USA Exam/ CPA USA syllabus:
4 Sections (FAR, REG, BEC, AUD), No Levels like other accountancy professions, Single Level only.
Exam Pattern:
50% Objective, 50% Simulation (Essay), Computerized exam with Open book system/ Authoritative literature in Simulations.
License/ Certificate of Practice:
Work experience in Accounting firm or finance - 1 Year only.
CPA USA fees structure/ CPA USA fees:
The overall cost of CPA USA in India, including exam fees, ranges from 3.75- 4 lakhs INR as the CPA exam is currently not held in India, and one needs to go to Dubai or US to write the exam thus adding the accommodation and traveling cost.