In view of the increasing globalization of Business & Accounting practices, a Credential indicating an added understanding of U.S. Accounting Principles (U.S. GAAP) & International Financial Reporting Standards (IFRS) will prove important in securing the position you want. It provides you with extra marketability & international mobility.
Being a U.S. CPA also can prove very beneficial when dealing with International Clients & Companies because it underscores your understanding & mastery of U.S. Tax & Regulatory matters along with IFRS. We admit taking the U.S. CPA Examinations is not an easy task. That is why Becker CPA Review is here to help you in preparing you effectively for the U.S. CPA Examinations.
The Certified Public Accountant (CPA) is the Highest Accounting Credential in the USA & is similar to the Chartered Accountant qualification in India. The American Institute of Certified Public Accountants conducts the U.S. CPA examination.
There are 4 Papers, namely:
- Financial Accounting & Reporting “FARE”
- Auditing & Attestation “AUD & ATT”
- Regulation “REG” (Taxation)
- Business Environment & Concepts “BEC”
To Pass the CPA Examination one has to score 75% in each of the Papers.
Paper 1 – Financial Accounting & Reporting (FARE)
FARE 1: Conceptual Framework and Financial Reporting
FARE 2: Financial Reporting and Disclosures
FARE 3: Assets and Related Topics
FARE 4: Investments, Business Combinations, and Goodwill
FARE 5: Liabilities
FARE 6: Leases, Derivatives, Foreign Currency Accounting, and Income Taxes
FARE 7: Pensions and Equity
FARE 8: EPS, Cash Flows, and NFP Accounting
FARE 9: State and Local Governments: Part 1
FARE 10: State and Local Governments: Part 2
Paper 2 – Auditing & Attestation (AUD & ATT)
AUD & ATT 1: Audit Reports
AUD & ATT 2: Quality Control, Engagement Acceptance, Planning, and Internal Control
AUD & ATT 3: Risk, Evidence, and Sampling
AUD & ATT 4: Performing Further Procedures, Forming Conclusions, and Communications
AUD & ATT 5: Integrated Audits, Attestation Engagements, Compliance, and Government Audits
AUD & ATT 6: Accounting and Review Service Engagements, Interim Reviews, and Ethics and Professional Responsibilities
Paper 3 – REGULATION (REG)
REG 1: Individual Taxation: Part 1
REG 2: Individual Taxation: Part 2
REG 3: Property Taxation
REG 4: Corporate Taxation
REG 5: Flow-Through Entity Txation and Muliti-jurisdictional Tax Issues
REG 6: Other Entity Taxation, Professional Responsibilities, and Federal Tax Procedures
REG 7: Business Law: Part 1
REG 8: Business Law: Part 2
Paper 4 – BUSINESS ENVIRONMENT & CONCEPTS (BEC.)
BEC 1: Corporate Governance and Financial Risk Management
BEC 2: Financial Management
BEC 3: Operations Management: Cost Accounting and Performance Management
BEC 4: Operations Management: Planning Techniques
BEC 5: Economic Concepts and Analysis
BEC 6: Process Management and Information Technology
Please click on the link below for more information on the New Syllabus.
Once you register with us you will be required to send all your testimonials (consisting of All Mark sheets & Certificates from Std. X till current Educational status) to an Evaluation Agency approved by the State Board. You will also have to select the State Board where you wish to apply; we will guide you here.
The Evaluation Agency shall evaluate your Credentials, equate your Educational Background with the American standards to see if you qualify to apply in that State for the CPA Examination, prepare an Evaluation Report on that basis, & will get back to you in 4-6 weeks time.
It will simultaneously send your testimonials to the Concerned State Board along with a copy of the Eligibility Report. One Copy of the Eligibility Report is sent to you, the candidate. You will then have to apply to the State Board, along with the Examination & Application Fee & other relevant Documents, asking them to consider you as a Foreign Candidate.
Within approximately two weeks of the approval of the application and payment of all fees, the state board or its designee will issue a Notice to Schedule (NTS) to the candidate. Once the NTS is received, candidates must verify the accuracy of all information. If any information is inaccurate the candidate must contact the state board before scheduling any exam with Prometric. If the NTS is accurate, students can then Schedule exams with Prometric.
To qualify to write CPA, one has to be either a B.Com./M.Com./CA/ICWA/MBA (Fin)/BE or other Graduate or Post Graduate with some Accounting Courses. No Practical Experience is required to write the CPA Examination.
Qualifications required to sit for the CPA Exam in the USA vary between state boards of Accountancy. We provide assistance to candidates on an individual basis, to identify the State Board that satisfies his/her conditions. Upon obtaining the CPA Certificate, if one wishes to apply for a job then he/she can go straight ahead & apply. However, to Practice as a CPA in the USA, the candidate has to obtain a License to Practice by working under a Practicing CPA for 2-3 years in the USA. .
Candidates who have qualified as B.Com. Graduates with a 1st/2nd Class throughout the B.Com. Program from a NAAC Certified University are requested to kindly contact this Office for further Counseling & guidance.
Exams are cureently offered at Prometric Testing Centers in the US, Middle East viz. Kuwait, Bahrain, Lebanon, U.A.E. & In India across 8 cities(Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi and Trivandrum (For details of Terms & Conditions for Testing Centers please get in touch with Ample Office).
The Overall duration of the course is 6 months (Sunday only classes) to 9 Months (Tri-weekly classes) leading to a total of 250+ hours of training.
Classes are held only on Sunday’s from 9:00 a.m. to 6:00 p.m. for 13 Weeks, One Day Per Week, 8 Hours Per Week. Homework will be given at the end of each session.
Becker Professional Review – A Division of Devry Inc:
Becker Professional Education is a Division of a Public Company – DeVry Inc. – www.devryinc.com , and is the leading provider of these courses on a global level in over 300 cities in the US and 20 countries worldwide with 11 Centres in India. DeVry Inc's divisions include, among others:
- Advanced Academics – www.advancedacademics.com
- DeVry University – www.devry.edu
- Keller Graduate School of Management – www.keller.edu
- Ross University – www.rossu.edu
- Chamberlain College of Nursing – www.chamberlain.edu