CPA Courses: Everything You Need to know about CPA

Let us start with a general introduction to what a cpa course is. It stands for the post of Certified Public Accountant. In the United States, it has the highest position in accounting and finance. It ensures global recognition for various reasonable factors.

It is the position of a financial advisor who has earned a certification and designation. It is practised in numerous countries, and the most prevalent and promising careers for any CPA are Industry Accounting and Public Accounting.

Both assist organisations in achieving their respective financial goals. They do so by carrying out numerous responsibilities, which include Financial Planning and Business Valuation, Tax Preparation, Company Management, Auditing and Review, Litigation Services and Forensic Accounting Services.

A common question that tends to appear to the people wanting to pursue or know about the designation of CPA is whether there exists any difference between CA and acca courses. A CA, or a Chartered Accountant, is a qualified professional responsible for carrying out a huge range of tasks within the accountancy spectrum.

A CA course is the professional degree that Chartered Accountancy bodies offer throughout the world. They aim to equip students who possess holistic knowledge about Financial Management and Auditing, Regulations, Strategic Financial Management, Fiscal Laws and Ethics.

Read: ACCA vs CA which is better?

There are numerous crucial and compelling reasons why it is beneficial and fruitful to pursue a CPA course. They are as follows.

•  CPA courses have international recognition. People around the world consider it to be the highest qualification in the field of Financing and Accounting.
• When one completes a CPA course, it makes them a global citizen. It further enhances their opportunities of gaining career options from global organisations.
• Students pursuing the CPA course have exposure to a plethora of subjects. It enables them to create an international perspective in the fields of Accounting, including Auditing, Taxation, International Finance and the like.
• The demand for CPA remains throughout the year because of the continuous businesses and startups.

The AICPA, or the American Institute of Certified Professional Accountants, conducts the examination for CPA. The Indian students are required to compensate for the gap of 30 credits because the bachelor’s degree in India equals 90 credits.

Whereas, in the US, it is equal to 120 credits. Each state board involves different requirements for qualification, and the students need to fulfil these requirements for the CPA examination in the US.

The following are the ways.

• Students in the final year in CA or CMA who have achieved a score more than marks in their final exam can readily get a paper by exception for the CPA course. When one holds a CA or CMA accounting degree, one can get a complete exemption in CPA.
•  When someone is an entirely qualified CS, they can get an exemption from giving business law examinations and exams for taxation laws.
•  When one is an intermediate CA or CMA student, they can receive an exemption in the first two subjects, which include AFAE and BRLC.
•  When one passes specific tests on Business Laws, Indian Taxation Laws and Indian GAAPs, the holders of ACCA Advanced diploma or the affiliates, they can receive the CTPr or CPA Award.

Also Read : What is CFA: What is the CFA Salary in India in 2023

The CPA courses involve offering numerous specialisations. The following are certain popular specialisations.

•  Finance
•  Auditing & Control
•  Sales & Marketing
•  International Business
•  Financial Planning & Analysis
•  Human Resources
  
  

1. CPA Course Curriculum

There are four examinations, and here are their briefings.

•  Exam I: Financial Accounting & Reporting (FAR)
•  Exam II: Auditing and Attestation (AUD)
•  Exam III: Regulation (REG)
•  Exam IV: Business Environment & Concepts (BEC)

We have discussed the syllabus for every examination in the above sections of our discussion. Also, the examination duration is four 4 hours each.