The Certified Public Accountant (CPA) course is a globally recognized professional certification in accounting and finance, primarily in the United States. The CPA license is administered by the American Institute of Certified Public Accountants (AICPA). It covers areas such as accounting, auditing, taxation, and financial management.
Key Components of the CPA:
1. Eligibility:
Generally requires 120-150 credit hours of education (equivalent to a bachelor’s degree plus some additional coursework).
Specific education and experience requirements can vary by U.S. state boards.
2. CPA Exam Structure:
The CPA exam consists of four sections: This includes following 3 core subjects:
- Auditing and Attestation (AUD)
- Financial Accounting and Reporting (FAR)
- Regulation (REG) and one of the following discipline subjects
- Business Analysis and Reporting (BAR)
- Information Systems and Controls (ISC)
- Tax Compliance and Planning (TCP)
3. CPA Course Duration:
Typically, the exam can be completed in around 12-18 months, depending on preparation and scheduling.
4. Cost of CPA Studies:
Varies, but the full cost of the CPA can range from $2,500 to $3,000 USD, including exam fees, evaluation, and review courses.
How CPA US Boosts Your Career in India:
1. Global Recognition:
A CPA qualification is recognized worldwide, particularly in multinational firms and U.S.-based companies. It opens opportunities for work in international accounting firms (Big 4), multinational corporations, and global finance roles.
2. Enhanced Knowledge:
It provides deep expertise in U.S. GAAP, IFRS, and financial reporting, which is valuable for businesses operating internationally or following global standards.
3. Job Opportunities:
With India increasingly becoming a hub for global finance, having a CPA can give you a competitive edge. Many U.S. companies have set up their financial centers in India, creating demand for CPAs.
4. Salary Advantage:
CPAs are often compensated at a higher rate than their non-CPA counterparts. Salary ranges for CPAs in India can start from INR 7-12 lakhs per annum for freshers and can go significantly higher with experience. A CPA is a prospective CFO of the company.
5. Flexibility:
A CPA license enables you to work in various fields, including public accounting, audit and assurance, tax advisory, and financial management. It’s particularly beneficial if you are considering a career in audit, consulting, or advisory roles in international or U.S.-based companies.
If you’re already pursuing or have completed a degree in business or accounting, adding a CPA can complement your qualifications and boost your professional prospects in India and abroad.
For getting a CPA Qualification faster and smoother, contact Uplift Professionals CPA US Team.