CPA Full form | CPA Exam in India | CPA Location in India | US CPA | CPA Course

Jul 7
18:55

2021

sailajaallada

sailajaallada

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The agenda behind conducting the US CPA exam in India is to avoid international travel for the Indian CPA aspirants in this uncertain time. The decision helps the Indian students to ease the burden of travelling to countries like Dubai, United States, for writing the CPA exam.

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What is CPA?

CPA (Certified Public Accountant) is a designation given by AICPA to the individuals who have passed the Uniform CPA exam,CPA Full form | CPA Exam in India | CPA Location in India | US CPA | CPA Course Articles met the required and relevant experience. The CPA designation enforces high professional standards in the field of accounting.

What is CPA Full Form?

Full form of CPA is Certified Public Accountant

What does a CPA do?

Certified Public Accountants work in a wide range of professions. You can find them in banking, financial services, government jobs, and education. However, most CPAs are employed in public accounting or corporate accounting.

What is the scope of US CPA in India?

There are many US firms all over the globe, and a lot of accountancy related assignments are being outsourced to India. There are many US companies now in India, so the job scope is good. Companies like Deloitte, EY, Amazon, Synchrony, Invesco and so many more frequently hire in India.

Who are eligible for CPA?

The CPA Exams are administered by AICPA, the world's largest accounting body. AICPA offers membership to all the aspirants successfully clearing all 4 CPA exams. CPA license, however, is issued by the 55 state boards of accountancy of the US that are part of NASBA. Each state board has different eligibility criteria that the aspirant needs to meet to take the US CPA exams.

Master's Degree in any of the streams of Commerce, Accounting or FinanceAn aspirant needs 120 credits to take the US CPA exams and 150 credits to get his CPA licenseIt's considered that one year of University education in India is equal to 30 credits of US educationIn some cases, first division graduates of a three-year degree from NAAC-A accredited universities of India are qualified to take the US CPA exams too.

What are the 4 CPA exams?

The 4 CPA exams are:Business Environment and Concepts (BEC)Auditing and Attestation (AUD)Regulation (REG)Financial Accounting and Reporting (FAR)

What is the cost of CPA?

CPA exam fee is $1000 and International testing fee is $1500. Additionally, $225 for evaluation making the overall CPA exam cost INR 2, 00,000 without training fee.

What is the duration of the CPA exam?

There are four sections in the CPA exam. The total duration of the exam is 16 hours (4 hours for each section).

What is the salary of CPA?

The Certified Public Accountants are in demand across many industries. They can command high salaries because of their expertise in financing. Also, many companies retain the CPA's accounting talent by paying good salaries along with hikes and bonuses.The average salary for a Certified Public Accountant (CPA) in India is ¹701,387.

US CPA Exam in India Every Month from 2021

NASBA AICPA and Prometric announced good news for all the CPA aspirants: Testing for CPA Exam candidates at test centers in India will begin January 1, 2021. Also, the candidates may begin to use the scheduler on November 2, 2020.

US CPA aspirants can take the CPA course and exam sections after fulfilling all the required CPA eligibility criteria without restrictions, other than waiting to receive scores from prior attempts of the same section or when there is a major change to the exam. Continuous Testing will replace the existing limited CPA Exam Testing Window model, which only permits candidates to test in India during designated time frames.

Where are CPA exam locations/ Centres in India?

Indian candidates may schedule to take the "US CPA Exam in India" in the Prometric locations given below:

  • Hyderabad
  • Ahmedabad
  • Mumbai
  • Delhi
  • Bangalore
  • Chennai
  • Kolkata
  • Trivandrum

What is a CPA license?

The CPA exam requirements vary by state jurisdiction. Every state board of accountancy has a different set of requirements, but most states have a core set of qualifications for a candidate to be eligible for the CPA exam.

Below are the requirements to obtain CPA license.

  • In general, many states ask for 150 credit hours in some specific courses from a university or an accredited institute under NASBA.
  • The candidate should pass the Ethics exam.
  • Must have 2,000 hours of work experience in taxation, auditing, accounting and management consultancy.
  • Age limit: 18+ years.

US CPA Cost in India:

  • Auditing and Attestation (AUD): $250
  • Business Environment and Concepts (BEC): $250
  • Financial Accounting and Reporting (FAR): $250
  • Regulation (REG): $250
  • International Testing Fee- $1500
  • Application Fee- $225

Overall, the cost of pursuing CPA in India would amount to INR 2,20,000 approximately.