CPA: Course, Full form, Admission 2024, Fees, Syllabus, Entrance Exam, Jobs

Updated on Jun 11, 2024 03:37 IST
Parul Thapa

Parul ThapaSenior Executive Content

The CPA full form is Certified Public Accountant. CPA is a certification offered by the American Institute of Certified Public Accountants (AICPA), for competency in the field of Accountancy. The CPA course is designed to equip individuals with the knowledge and skills necessary to excel in various accounting roles, including auditing, taxation, financial analysis, and management consulting. The CPA course is a comprehensive and challenging program, but it opens up significant professional opportunities and recognition in the field of Accounting.

To be eligible for the CPA course, candidates must have a graduation degree and complete 150 hours of the CPA course semester. Fees for CPA courses can be divided into categories such as application fees, exam fees, registration fees, licensing fees, and others. In India, the entire cost of the CPA programme is INR 2,18,000. There are 8 Prometric test centres where the CPA Exam is offered, including those in Bangalore, Hyderabad, Ahmedabad, Mumbai, Calcutta, New Delhi, Chennai, and Trivandrum.

After completing their Certified Public Accountant course, students can kickstart their careers with an initial salary of INR 6-7 LPA, which can go up to INR 15-20 LPA with experience. CPAs often handle the accounting, tax, reporting, and/or audit processes for governments, corporations, or individual clients. Their duties may vary based on their employment and area of expertise.

Candidates can continue to learn more about the CPA course details.

Table of Contents
  1. CPA Course Details
  2. CPA Course Eligibility Criteria
    • 2.1 How to become a CPA in India?
  3. CPA Course Syllabus
  4. CPA Exams 2024
    • 4.1 CPA Exam Structure
  5. CPA Career Scope: Job Profile, Salary and Top Recruiters
    • 5.1 CPA Salary in India
    • 5.2 CPA Top Recruiters
  6. CPA FAQs

CPA Course Details

The requirement for Certified Public Accountant course graduates is very high in various fields like public accounting, business and industry, government, not-for-profit, and education. The profiles include financial analysis, financial accounting and reporting, management accounting, and treasury/cash management. Some of the important details relating to the Certified Public Accountant course are mentioned in the table below.

Interested students can have a quick look for all the necessary information relating to CPA course details. 

Particulars

CPA Course Details

CPA Course Full Form

Certified Public Accountant

CPA Course Level

Certification

CPA Course Duration 

18 months

CPA Course Eligibility Criteria

Graduation degree or equivalent 

CPA Entrance Exams

CPA Exam; duration 16 hours

CPA Application Fees

140 USD 

CPA Average Salary

INR 7-8 LPA

CPA Job Profiles

Bookkeeper, Financial Advisor, Accountant, Accounting Assistant, etc.

CPA Top Recruiters

TCS, Deloitte, Accenture, Goodwin, Gamut HR Solutions

Helpful Links for CPA Course:

21 Best Courses After 12th for Commerce Students

Q:   Can I know about CPA course? Which subjects are taught in CPA course?

A:

Certified Public Accountant (CPA) is a license issued in 55 states or territories of the United States that authorizes the holder to practice as a CPA in that jurisdiction. To earn the prestige associated with the CPA license, an individual is required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam, and completing a specific amount of general accounting experience.

The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice. It is a short duration course with just 4 exams, which can be completed in less than a year's time.

There are 4 subjects taught in the course, namely:

  • Auditing and Attestation (AUD)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)
  • Business Environment and Concepts (BEC) 
 

Q:   Is it a good option to pursue CPA in India? What is the eligibility criteria for the same? Why CPA is not as famous as CA?

A:

Yes, you can pursue CPA in India. As for CPA eligibility, you need 120 credits to appear for CPA exam and 150 credits for CPA license.

General rule: 

  • Every year of university education in India is equivalent to 30-semester credits of US education.
  • Some state boards award credit for international professional qualifications like CA.
  • For international CPA candidates from India, generally 3-year commerce graduates from NAAC A universities who have scored a 1 st division are awarded 120 credits.
 

Q:   What is the registration process for CPA exam?

A:

Registration for CPA is open throughout the year. Students can enrol anytime for the exam. Students need to submit the application form after ensuring their eligibility. If eligible, the candidates can send their official transcripts to the state board. Then, they can submit the fee and schedule the exams. To be eligible to take the CPA exam in India, candidates must meet the following requirements:

  • Have a bachelor's degree in accounting or a related field

  • Have 150 hours of coursework in accounting, business, and other related subjects

  • Pass the Uniform CPA Examination

  • Have two years of public accounting experience

 

Q:   How can I pursue CPA certification course?

A:
The first step would be to check if you're eligible to take the exams. You would need about 120 credits in order to be eligible to write the exams. Your degree in education (in commerce / accounting / finance / business) will contribute to such credits. Please write to us at information@mileseducation. Com for more queries/clarifications.
 

CPA Course Benefits

Why Study a CPA Course?

  • Professional Recognition and Prestige: The CPA course designation is highly respected and recognized globally as a mark of accounting excellence. 
  • Career Advancement: Many employers, particularly in accounting firms and corporate finance departments, prefer or require candidates to hold a CPA license for certain positions. 
  • Versatility and Mobility: CPA course graduates have diverse career opportunities across various industries and sectors, including public accounting firms, corporations, government agencies, non-profit organizations, and academia.  
  • Job Stability: Accounting is a fundamental aspect of business operations, and the demand for skilled accounting professionals, including CPA course graduates, remains steady even during economic downturns.
  • Higher Earning Potential: CPA course graduates typically command higher salaries compared to non-certified accounting professionals.

Q:   What are the benefits of doing CPA certification?

A:

The benefits of pursuing CPA certification are given below:

  • Candidates can set up their own accounting, finance and tax practice

  • One can work in the industry as accounts, finance manager or tax manager at entry level or mid-level

  • Candidates can specialise further in CPA, CMA, CFE, CIA, CFP, CFA, etc.

 

Eligibility

CPA Course Eligibility Criteria

The eligibility criteria for CPA course aspirants are different for US citizens and candidates from the rest of the world. The consent agreement, international testing fees, and additional identification requirements of international candidates are different from those of the US candidates.

A general outline of CPA course eligibility criteria is as follows: 

  • To pursue a CPA certification programme, the candidate must have a Graduation degree or equivalent.

  • To earn the CPA license, the candidate must complete 150 hours of the CPA course semester.

  • Many states require candidates to have 1-2 years of experience under a CPA.

  • Indian students should be ICAI, ICMAI, or ICSI members. In addition to becoming a member of one of these organisations, they may also hold an MBA or MCom degree.

How to become a CPA in India?

Candidates can follow the steps below to learn how to become a CPA in India.

Step 1: Academic Evaluation - Verify that you meet the academic requirements to sit for the exam, which vary by state.

Step 2: Application to Take the Exam - After evaluation, complete and submit the necessary application forms.

Step 3: Study for the Exam - Develop a study plan and prepare for the exam, either section by section or multiple sections at once.

Step 4: Schedule the Exam - Upon receiving your Notice to Schedule (NTS), book your exam at a chosen location well in advance.

Step 5: Take the Exam - Sit for the exam on the scheduled date and complete all sections within 18 months of passing the first section.

Step 6: Obtain Work Experience - Acquire the required work experience, typically 2 years, and 150 credits to qualify for licensure.

Step 7: Obtain Licensure - Apply for your license within 3 years of passing all exam sections and fulfilling the work experience requirements.

Step 8: CPE to Maintain Licensure - Engage in continuous professional education to keep your CPA license, with requirements varying by state.

Q:   Are CPAs and accountants the same thing?

A:

All CPAs are accountants but not necessarily all accountants are Certified Public Accountants (CPAs). The difference between accountants and CPAs are education, experience and opportunity. To become a CPA, candidates need to pass the uniform CPA exam. Receiving CPA certification distinguishes one from other business professionals.

 

Q:   I am an Indian student and want to do CPA in USA. What do I need to do for this?

A:

To earn the prestige associated with the CPA license, an individual is required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam, and completing a specific amount of general accounting experience.

The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice. As for CPA eligibility, you need 120 credits to appear for the CPA exam and 150 credits for a CPA license. General rule: Every year of university education in India is equivalent to 30-semester credits of US education.

Some state boards award credit for international professional qualifications like CA. For international CPA candidates from India, generally 3-year commerce graduates from NAAC A universities who have scored a 1 st division are awarded 120 credits.

 

Q:   How can I pursue CPA from Canada?

A:

Hi, You need to check the entry requirements for respective provinces as an international applicant, so choose your place first, and then register for the PreCPA program. Other option is to apply for a Diploma in professional accounting and study for 2 years, and simultaneously you can go for CPA training. 

 

Q:   What are the career prospects of pursuing CPA after completing class 12th board exam?

A:

If you want to become a CPA firstly by passing the CPA Exam, plan on obtaining a Bachelor's degree in accounting (typically at least 120 semester hours) as well as a Master's degree in accounting or taxation (typically at least 30 semester hour.

CPAs are required in all areas of the business world:

Financial / International Accounting Corporate Finance (M&A, IPO, Share & Debt Issues) Venture Capital Assurance and Attest Services Internal Auditing Information Technology (especially as applied to accounting and auditing) Management Consulting & Performance Management Financial Planning Financial Analysis Tax Preparation and Planning Income Tax Estate Planning Corporate Governance

 

Most Popular Courses

CPA Course Fees

Consider embarking on a CPA certification program if you aspire to become a reputable accounting professional sought after by top accounting firms worldwide. The CPA qualification empowers individuals to practice as accountants not only in India but also in various international locations. Oversight of the CPA designation falls under the purview of the American Institute of Certified Public Accountants (AICPA). 

The CPA fee structure for candidates not belonging to the US is given below:

CPA Course Details

CPA Course Fees

Auditing and Attestation (AUD)

$356.55

Business Environment and Concepts (BEC)

$356.55

Financial Accounting and Reporting (FAR)

$356.55

Regulation (REG)

$356.55

CPA Course Syllabus

The CPA certification exam consists of questions from the following four subjects.

Sections Content
Auditing and Attestations (AUD) 
  • Ethics, Professional Responsibilities and General Principles 
  • Assessing Risk and Developing a Planned Response 
  • Performing further procedures and obtaining evidence 
  • Forming conclusions and reporting 
Financial Accounting and Reporting (FAR) 
  • Conceptual framework, standard-setting, and financial reporting 
  • Financial Statement Accounts
  • Select transactions 
  • State and Local Governments 
Regulations (REG) 
  • Ethics, professional responsibilities and federal tax procedures 
  • Business Law
  • Federal taxation of property transactions 
  • Federal taxation of individuals 
  • Federal taxation of entities  
Business Environment and Concepts (BEC) 
  • Economics 
  • Financial Management 
  • Information Technology 
  • Operations Management 
  • Enterprise Risk Management, Internal Controls and Business Processes 

Relevant Links for CPA Course:

Know CPA Syllabus

Q:   What is the fee structure for intermediate level for CPA?

A:

Candidates can check the CPA fee below:

DescriptionFees
 Application Fees 14,600
 Evaluation Fees 16,425
 International Testing Fees (4 exams) 1,09,500
 Exam Fees (4 exams) 73,000
Total Fees2,13,525

 

 

Popular Exams

CPA Exams 2024

CPA exam is a 16-hour, four-part assessment designed to test the skills and knowledge required of a CPA. The computer-based CPA test is conducted at designated test centers in various countries and is the same for candidates from all countries.

The medium of the CPA test is English. The questions paper consists of MCQs, simulation, and written ability. Passing marks in 75 on a 0-99 scale. The candidate has to complete the four-part assessment in 18 months to be eligible for a CPA license.

The CPA exam is always open for registration, and candidates can sign up at any time.

Applicants interested in enrolling in an Indian CPA programme can review the exam format below:

CPA Paper Duration  CPA Course Details
Paper-1 4 hours Auditing and Attestation (AUD)
Paper-2 4 hours Financial Accounting and Reporting (FAR)
Paper-3 4 hours Regulation (REG)
Paper-4 4 hours Business Environment and Concepts (BEC)

Suggested CPA Course readings:

CPA Courses

CPA Exam Structure

The CPA exam is divided into three sections: written communication, task-based, and multiple-choice questions. In recent years, task-based simulations have become more significant.

Except for BEC, all MC questions in simulations are equally weighted. 50% of the points are awarded for MCQs, while the remaining 50% are for simulations. The grade weights for each topic/section on these exams are also divided by the AICPA.

Section AUD BEC FAR REG
Multiple-choice questions (MCQs) 50% 50% 50% 50%
Task-Based Simulations (TBSs) 50% 35% 50% 50%
Written Communication Tasks (WCT) NA 15% NA NA

Q:   Where CPA exams are conducted in India?

A:

CPA exam in India is conducted in eight cities - Ahmedabad, Bangalore, Calcutta, Chennai, Hyderabad, Mumbai, New Delhi and Trivandrum. The CPA exam is a four-part exam that is administered in multiple languages, including English, Hindi, and Spanish. The exam is offered year-round, and candidates can schedule their exams online.

 

Q:   Is there a time limit for passing the CPA Exam?

A:

You must pass all four sections of the CPA Exam within 18 months. Each sections is divided into four hours and consists of Multiple Choice Questions and Task based simulations.

Yes, passing the CPA Exam has a time constraint. You have an 18-month opportunity to pass each component of the exam. This implies you have 18 months to complete all four parts of the exam. If you do not pass all four portions within 18 months, you must start over and retake the sections you failed.

 

Q:   What is CPA Exam pattern?

A:

Four components make up the CPA test. To analyse the capabilities of candidates, these components have been specifically selected. A candidate must complete each section within the allotted 18 months for testing. During a single open testing time, candidates may take any portion in any sequence. Students are permitted to take as many examinations as they want during the same window, but they are not permitted to take the same portion twice.

Also Read: Career opportunities after acquiring CFA, CPA, CIMA qualifications

 

Salary

CPA Career Scope: Job Profile, Salary and Top Recruiters

The job role of a CPA is the financial management which includes assessing and analysing the financial status of the client, reviewing financial documents, preparing reports related to capital, tax and audits, offering advice on bookkeeping and informing clients about changes in government regulation. The main tasks one performs as a CPA are listed below:

  • Prepare and assess financial records and statements.

  • Maintain records of all financial activities along with the records of assets, liabilities and tax.

  • Prepare financial reports for clients.

  • Ensure compliance with government regulations.

CPA Salary in India

CPA-licensed professionals are hired by individuals, corporate houses, industry, government, private and non-profit organisations. They can find employment in several firms and serve at the below-mentioned positions:

Job Profiles Description Average Salary
Accountants Accountants are professionals who provide financial advice, audit financial statements, and prepare tax returns for individuals and businesses.  INR 3.2 LPA
Auditors Auditors review financial records, ensure accuracy and compliance with relevant laws and regulations, and provide independent assessments of an organization's financial health and performance.  INR 4.4 LPA
Forensic Accountants

Forensic accountants employ financial investigation techniques to uncover discrepancies, fraud, or financial mismanagement for legal proceedings or internal review purposes.

INR 9.9 LPA
Management Accountants

Management accountants analyze financial information to assist businesses in making strategic decisions, budgeting, and planning to optimize performance and achieve organizational goals.

INR 7.7 LPA
Tax Consultants

Tax consultants provide expert advice and assistance to individuals and businesses in navigating complex tax laws, minimizing tax liabilities, and ensuring compliance with regulatory requirements.

INR 7.8 LPA

Note: The average salary has been taken from Ambitionbox.com.

CPA Top Recruiters

Businesses and firms often look for professionals, who have an accounting background and are capable of handling their operations. Also, companies look for people who know time management and are aware of client skills.

The CPA course graduates are hired by several companies, including the some mentioned below:

CPA Top Recruiters
Unilever Accenture Wipro

Infosys

Deloitte Goodwin
TCS Michael Page Gamut HR Solutions

 

Q:   What is the starting salary package of a CPA accountant?

A:
The starting salary is INR 6 Lacs - INR 8 Lacs in India.
 

Q:   What is the scope of CPA in India?

A:

The demand for CPA has considerably grown in recent times with the substantial growth in MNCs and the Big4s in India. This shift in the trend is because of the requirement of knowledge and credibility about US GAAP, IFRS & US taxation by these multinational companies.

Indian qualifications like Chartered Accountant CA have limited geographical recognition and do not cover topics like IFRS & US GAAP. This increases the demand for CPA candidates in India. The demand has increased than the supply and that forced the MNCs and the Big 4s to train their CAs as CPAs. In other words, they give extensive training on the US GAAP, taxation, and the IFRS to their existing employees who are a qualified Chartered Accountant from the ICAI. For such training, the corporations approach Educational institutes like Miles Education, who are the experts in the industry in relation to the US GAAP & the IFRS.

 

Q:   What are the career opportunities after acquiring CPA?

A:

Hi Ravi,

CPA (Certified Public Accountant) is the statutory title awarded to qualified accountants in the US who cleared the Uniform Certified Public Accountant Examination. Candidates should meet additional state education and experience requirements to become a certified CPA.

CPA programme deals with accounting and financial insights which are applicable in accounting and auditing services, taxation, consulting, research etc. In India, this is a relatively new qualification, however; ICFAI has established the CPA Council of India to develop and regulate the CPA profession on sound ethical lines.

Career Prospects: After completion of the CPA programme, you can find openings in Banking and Financial services sector and practice areas like finance, mergers & acquisitions, risk management and consulting. Hope it helps. Please feel free to revert. Click on the thumbs up or mark it as the best, if you found this useful.

Wish You Luck!

 

CPA FAQs

Q:   What skills do I need to pursue CPA certification?

A:

To achieve CPA certification, you must possess a variety of abilities. These abilities include:

  • Technical abilities: CPAs must be well-versed in accounting principles and procedures. They must also be knowledgeable in the use of accounting software.

  • Analytical abilities: CPAs must be able to analyse financial data and spot trends. They must also be capable of solving difficult accounting problems.

  • Communication abilities: CPAs must be able to successfully interact with clients, colleagues, and other stakeholders. They must be able to clearly and concisely explain difficult accounting topics.

 

Q:   What is the between CPA, CFA and investment banker in terms of scope?

A:

CPA (Certified Public Accountant), CFA (Chartered Financial Analyst), and investment banker are all professionals within the financial sector, but they each have distinct scopes of work. CPAs primarily focus on accounting, auditing, and taxation. They ensure accurate financial records, provide assurance services, and offer expertise in tax planning and compliance. CPAs often work in public accounting firms, corporations, or government agencies.

CFAs, on the other hand, specialize in investment management and analysis. They are skilled in areas such as portfolio management, financial analysis, and asset valuation. CFAs are commonly found working in investment firms, banks, or as independent financial advisors, where they assess investment opportunities and manage clients' assets.

Investment bankers facilitate the issuance of securities and provide advisory services for mergers, acquisitions, and other financial transactions. They help companies raise capital, structure deals, and navigate complex financial matters. Investment bankers work in investment banks or financial advisory firms, collaborating closely with corporate clients and other financial institutions.

 

Popular CPA (Certified Public Accountant) Colleges in India

Following are the most popular CPA (Certified Public Accountant) Colleges in India. Learn more about these CPA (Certified Public Accountant) colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
7 Courses
35.25 K - 2.82 L
2.79 - 5 LPA

#9 Outlook

2 Courses
87.73 K
7.8 - 11 LPA

#1 Outlook

29.66 K - 2.54 L
2.5 - 3 LPA

#5 Outlook

6 Courses
4.5
4 - 4.6 LPA

#19 The Week

2 Courses
38.92 K - 42.23 K
6.5 LPA

#5 The Week

2 Courses
3.61 K
3.33 LPA

#17 The Week

Popular Private CPA (Certified Public Accountant) Colleges in India

91 K - 7.45 L
4.0

#65 The Week

Accounting & Commerce Applications open. Apply Now

2.44 L - 13.2 L
3.6

#49 Outlook

Accounting & Commerce Applications open. Apply Now

12 Courses
3 L - 9.6 L
3.75 - 7.25 LPA

Accounting & Commerce Applications open. Apply Now

98 K - 3.48 L
3.5 - 11.68 LPA

Accounting & Commerce Applications open. Apply Now

3 Courses
5.4 L - 7.2 L
1.06 L - 2.6 L
3.7

Accounting & Commerce Applications open. Apply Now

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Saurav Singh Nayal

Beginner-Level 4

Answered a month ago

To achieve CPA certification, you must possess a variety of abilities. These abilities include:

  • Technical abilities: CPAs must be well-versed in accounting principles and procedures. They must also be knowledgeable in the use of accounting software.

  • Analytical abilities: CPAs must be able to analyse f

...more

P

Parul Thapa

Contributor-Level 8

Answered a month ago

Four components make up the CPA test. To analyse the capabilities of candidates, these components have been specifically selected. A candidate must complete each section within the allotted 18 months for testing. During a single open testing time, candidates may take any portion in any sequence. Stu

...more

P

Parul Thapa

Contributor-Level 8

Answered a month ago

You must pass all four sections of the CPA Exam within 18 months. Each sections is divided into four hours and consists of Multiple Choice Questions and Task based simulations.

Yes, passing the CPA Exam has a time constraint. You have an 18-month opportunity to pass each component of the exam. This i

...more

P

Parul Thapa

Contributor-Level 8

Answered a month ago

Registration for CPA is open throughout the year. Students can enrol anytime for the exam. Students need to submit the application form after ensuring their eligibility. If eligible, the candidates can send their official transcripts to the state board. Then, they can submit the fee and schedule the

...more

P

Parul Thapa

Contributor-Level 8

Answered a month ago

CPA exam in India is conducted in eight cities - Ahmedabad, Bangalore, Calcutta, Chennai, Hyderabad, Mumbai, New Delhi and Trivandrum. The CPA exam is a four-part exam that is administered in multiple languages, including English, Hindi, and Spanish. The exam is offered year-round, and candidates ca

...more

P

Parul Thapa

Contributor-Level 8

Answered a month ago

The benefits of pursuing CPA certification are given below:

  • Candidates can set up their own accounting, finance and tax practice

  • One can work in the industry as accounts, finance manager or tax manager at entry level or mid-level

  • Candidates can specialise further in CPA, CMA, CFE, CIA, CFP, CFA, etc.

P

Parul Thapa

Contributor-Level 8

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