Certified Public Accountant (CPA) qualification is a certification that public accountants can obtain in order to provide accounting and financial services to businesses and individuals all throughout the world. Certified Public Accountant (CPA) is the highest standard of competence and requires the highest level of skill in the subject of accounting.
Let us discuss how you too can be a CPA?
Earning a CPA license demonstrates a commitment to the profession and often highlights potential candidates for leadership and management positions. A CPA license is also necessary for those who desire higher levels of authority and responsibility.
Certified Public Accountant or CPA is a license issued by any of the states out of the 55 States of the USA. The good news is that the CPA exams are now right here in India. The AICPA conducted these exams for the first time in India in June 2020. From 2021, continuous testing has been started in India, and the CPA exams are available to take all 12 months in a year in India.
Why should you take up the US CPA exam?
The credibility and the skills honed by a CPA are known all throughout the world. Highly qualified professionals in the accounting, business, and finance fields will always be in demand. CPAs go on to become CEOs, board members, management consultants, and more—and are critical to the success of any business or organization. The CPA designation can take you from the beginning of your career to the top positions in any type of organization. The USA CPA training course provides with a comprehensive financial management skills and the knowledge required to be a CPA, a CPA designation provides you with the soft skills that can make you an effective senior executive or a senior professional in any organization
The CPA training course classes focuses on the skill gap that is required to become a CPA professional in India as well through the world. 80% of CPAs are working professionals, who would like to stay updated on the skills required to become CPA and also always on the lookout to upskill themselves in the accounting domain.
US CPA Certification Eligibility
Unlike many non-US qualifications, US CPA "complements" your university degree - i.e., you need to have completed your bachelors' to be eligible to appear for the CPA exams.
Eligibility for the CPA exams is decided by the 55 state boards of accountancy in the US.
For all non-US education, you need a foreign academic credential evaluation to convert your education in US semester-hour terms
US CPA Course in India
Led by India's favorite CPA instructor - Varun Jain, CPA, CMA, Harvard B-School Alumnus, Miles CPA Review offers a comprehensive package of best in-class study material, a unique training delivery model and assistance with all formalities not only for the CPA exams but also the CPA license.
CPA Test Prep Guides - International Series - Authored by Varun Jain. Covers all content areas & tasks as per AICPAs blueprint. Presented in exam-focused format and includes multiple mnemonics
Miles Online Test Bank for online practice questions and mock exams (includes 8000+ MCQs and 500+ simulations including Document Review Simulations)
130+ hours of pre-recorded videos including both "concepts on the whiteboard" and "annotations on your book" by Varun Jain
200+ hours of blended model learning ( includes live online training by Varun + Team spread over 86 sessions via webinars every Saturday & Sunday on the weekend & practice sessions on the weekdays including face to face class follow up sessions on Sundays (refer to the schedule below)
Up to 100 one-on-one mentoring sessions for CPA formalities and Content/Subject doubts & queries (book 15-30 min slots on Miles LMS)
US CPA Course Syllabus
The US CPA Course syllabus is as follows
The details of the course syllabus can be found as follows on the Miles Education website
US CPA Course fees in India
To do a CPA course and work in various companies and industries, individuals might consider knowing the cost of the CPA course in India.
US CPA Exam Details
The US CPA exam structure consists of 4 sections – Financial Accounting and Reporting (FAR), Regulation (REG), Business Environment and Concepts (BEC), and Audit and Attestation (AUD).
The CPA exam consists of four sections: Financial Accounting and Reporting (FAR), Auditing and Attestation (AUD), Regulation (REG), and Business Environment and Concepts (BEC).
Candidates have up to four hours to complete each exam section; exam sections can be taken individually and candidates must pass all four sections within 18 months.1
The computer-based CPA exam has three written communication tasks, 276 multiple-choice questions, and 28 task-based simulations.1
Each section of the test is graded on a scale of zero to 99; the minimum passing score is 75.
US CPA Scoring
Your score for each section of the CPA Exam is reported on a scale that ranges from 0 to 99. To pass a section, you must score a minimum of 75. Your total reported score does not represent a percentage correct, nor can you interpret it as such. Your total score in the AUD, FAR, and REG sections is a weighted combination of scaled scores from multiple-choice questions (MCQs) and task-based simulations (TBSs).
For the BEC section, your total score is a weighted combination of the scaled scores from the MCQs, TBSs, and written communication tasks.
US CPA scope in India
Both the Certified Public Accountants and Chartered Accountants look towards giving financial services to the customers either in bigger firms or small trades. The areas of proficiency consist of financial reporting, taxation and accounting, auditing, and business/managerial accounting. Both CPAs and CAs work in the public and private sectors. CPA degrees provide various opportunities to work for some of the most renowned firms in the world like the Big 4s.
Following are the role played by CPAs in a corporation/industry:
- Subsidiaries of US-based MNCs in India [i.e., MNCs based out of the US or US SEC-registerants]
Need to convert Indian GAAP financials to US GAAP for consolidation with the US parent. US GAAP financials – that’s the job of CPAs!
US regulations & compliances apply. E.g., SOX, FCPA
- Few Indian MNCs who have raised $ from US capital markets
These are US SEC registrants; hence, have reporting requirements with the SEC - in US GAAP or IFRS. E.g., Tata Motors, Tata Steel, HDFC, ICICI, Infosys.
- Auditors of these MNCs
For audits, the partner on the audit for a US SEC-registrant needs to be a CPA, and they always prefer to have CPAs on the engagement team.
Especially Big 4 – Deloitte, EY, KPMG, PwC
- F&A companies
CPAs play an important role as analysts and financial accounting. Includes Accenture, Genpact, Capgemini, IBM, HP, Infosys, Arvato, Wipro, Xerox, TCS, Cognizant, WXL, Steria, and others.
US CPA license requirements and eligibility
Each board issues rules that govern what a person must do in order to become eligible to take the Uniform CPA exam. As such, most State Boards require an individual to have 120 US semester hours credit to be eligible for the exam. Generally, most Indian B.Com graduates are eligible to take the CPA exam.
Explaining 120 US semester hour credits
To be eligible to sit for the CPA exam, it is compulsory to have 120 US semester hours credits. So what does this mean?
To be a certified CPA, a student has to clear only 4 exams at a single level. The CPA curriculum focuses on building the skill gaps essential to working as top-tier finance and accounting professional while building upon the foundation of graduation. This makes it mandatory to be a graduate to appear for the CPA exams.
The Uniform CPA examination focuses on testing concepts and the ability to apply them. Unlike the CA examination, which is lengthy and covers topics taught at the undergrad level, one can appear for a CA exam without an undergraduate degree. A graduate degree is a necessary eligibility criterion for the CPA exams.
The CPAs are known to be hired by different subsidiaries of multinational companies in India. Indian companies that have raised funds from the capital markets of the United States also hire Certified Public Accountants.
US CPA placements @Miles
With Miles, you can earn your CPA, establish global credibility and avail assured placements at one of the Big 4 or MNCs in India. All this with 4 exams and in less than a year.
> 85% of CPAs in India are Miles alumni
> We are partnered with 220+ MNCs - including the Big 4s for training & placements
> Miles has a 240% placement rate (every CPA alumni receive 2.4 offer letters on average)
> 82%+ pass rate
> Learn from the world's favorite CPA instructor Varun Jain (Live online classes + Videos)
> Study using Wiley CPA - Test Prep Guides - International Series (authored by Varun Jain)
> 360-degree support for US CPA eligibility, NTS, CPA license, and placements
US CPA @Miles Education
Miles Education is the leading training provider for CPA and CMA in India and globally.
Miles Education up-skills students and professionals to help them be future-ready and enable their career progression. With Miles, you can earn your CPA, establish global credibility and avail assured placements at one of the Big 4 or MNCs in India. Yes, all this with 4 exams and in less than a year.