FROM INCEPTION NO . 1 IN RESULTS
02 Apr 2020 09:31 am
CPA – Certified Public Accountant – AICPA
Is a license issued by one of the 55 states or territories of US – which authorize holder to practice as a certified public accountant in that jurisdiction. It is designed by AICPA (American Institute of CPA’s) and NASBA (National Association of State Board of Accountancy, USA) to ensure only qualified individuals become CPA’s. The program which is similar to Chartered Accountancy program in India, is designed to ensure that only qualified individuals become CPA’s, equipping the individuals to have a thorough knowledge of Accounting principles of US.
Eligibility Check
You Need To Send All Your Educational Documents To Logic For The Basic Evaluation Of Your CPA Eligibility By Our American Counterparts.
Months of CPA Exams
January-February
April-May
July-August
October-November
Examination Time Duration and Format
The Uniform CPA Examination is a 14-hour examination with four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). Each examination section is composed of four “testlets”, or groups of test questions. For each of the four sections, three of the tablet will contain the multiple-choice questions (MCQ); for AUD, FAR and REG, the fourth testlet will include the short task-based simulations (TBS); and for BEC, the fourth testlet will include the written communication tasks. The task-based simulations are condensed case studies that test accounting knowledge and skills using real life, work related situations; the written communication tasks are designed to test writing skills. The sections are as follows:
| Section Name | Section Time | Section Format | Section Description |
|---|---|---|---|
|
AUD Auditing & Attestation |
4 hours | 3 MCQ testlets consisting of a total of 72 questions; 1 testlet with 7 TBSs | This section covers knowledge of auditing procedures, generally accepted auditing standards and other standards related to attest engagements, and the skills needed to apply that knowledge in those engagements. |
|
BEC Business Environment and Concept |
3 hours | 3 MCQ testlets consisting of a total of 72 questions; 1 testlet with 3 written communication tasks. | This section covers knowledge of general business environment and concepts that candidates need to know in order to understand the underlying business reason for, and accounting implications of, business transactions, and the skills needed to apply that knowledge. |
|
FAR Financial Accounting and Reporting |
4 hours | 3 MCQ testlets consisting of a total of 90 questions; 1 testlet with 7 TBSs | This section covers knowledge of generally accepted accounting principles for business enterprises, not for profit organizations, and governmental entities, and the skills needed to apply that knowledge. |
|
REG Regulation |
3 hours | 3 MCQ testlets consisting of a total of 72 questions; 1 testlet with 6 TBSs | This section covers knowledge of federal taxation, ethics, professional and legal responsibilities, and business law, and the skills needed to apply that knowledge. |
Besides Practice in U.S, CPA’s have much vogue in sectors such as financial services, banking, manufacturing and construction .The services provided by CPA’s in industry are:
Countries where CPA Exams are conducted:
Apart from the US, CPA exam is nowadays also conducted in countries like UAE, Bahrain, Kuwait and Lebanon. This has reduced the total cost of doing CPA by a significant amount for the Asian students.
Assurance and Attestation Services
- Financial Accounting
- Management Consulting and Performance Management
- Information Technology (especially as applied to accounting and auditing)
- Corporate Finance (Merger & Acquisition, initial public offerings, share and debt issuing)
- Financial Planning
- Financial Analysis
- Venture Capital
- Risk Management
- Forensic Accounting (preventing, detecting, and investigating financial frauds)
- Tax Preparation and Planning
- Estate Planning
- Corporate Governance
- Income Tax
Scope for Non USA Candidates
Any candidate who applies for the above mentioned services in a U.S. firm is expected to have a strong foundation in U.S. accounting standards. Thus in the present global scenario, U.S. firms operating in foreign countries hire residents who are equipped in it. Here lies the relevance of CPA for non-US candidates.
Apart From US CMA, Logic Also Provides You Full Guidance For US CPA Certification In Live Online Interactive Mode.
Advantages of Logic CPA:
Logic, In Association With Wiley International Will assist You In:
1. Eligibility Evaluation
2. We Provide Internationally Acclaimed CPA Materials of Wiley International
3. We Provide Intensive Coaching For All 4 Parts In Live Online Interactive Mode Available From Any Part Of The World.
4. We Provide Necessary Administrative Guidelines Related To Evaluation, State Selection And Examination.
5. For a free-evaluation, send your yearwise academic credential (graduation onwards) to info@logiccpacma.com.
Advantages Of Logic CPA:
Logic, In Association With Wiley International Will Help You In:
1. Eligibility Evaluation
2. We Provide Internationally Acclaimed CPA Materials of Wiley International
3. We Provide Intensive Coaching For All 4 Parts In Live Online Interactive Mode Available From Any Part Of The World.
4. We Provide Necessary Administrative Guidelines Relates To Evaluation, State Selection And Examination.
5. For a free-evaluation, send your year wise academic credential (graduation onwards) to info@logiccpacma.com.
For Indians CPA has much highlight compared to other professional courses in Accounting. CPA has a better edge in terms of factors such as duration of the program, acceptability (recognition), perks and benefits and pass percentage.