Wednesday 31 January 2018

Certified Public Accountant(CPA)

Certified Public Accountant(CPA)

CPA is a globally recognized financial course offered by AICPA (The American Institute of Public Accountants ) USA.
A CPA is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals
All CPAs are accountants, but not all accountants are CPAs.

How to become CPA?
                                                     

3 E’s are required for licensure:

 

·        Education
·        Exam or Uniform CPA Examination
·        Experience
State Boards of Accountancy determine the laws and rules for each state/jurisdiction

Education
·        Requirements vary by state/jurisdiction (see state requirements)
·        Most states now require 120-150 semester hours
·        Number of accounting hours (in the 150 total) is dependent on state requirements



Uniform CPA Examination

Computer-based format

Consists of 4 sections

 

·        Auditing and Attestation (AUD)
·        Business Environment and Concepts (BEC)
·        Financial Accounting and Reporting (FAR)
·        Regulation (REG)
·        Same test no matter where it is taken
·        Passing score is 75 on a 0-99 scale
·        Question types include multiple choice, simulation and written communication
·        Eligibility to sit for exam depends on state
·        Examination Center
·        Prometric centers in UAE, Kuwait, Bahrain, Lebanon, Japan & Brazil subject to conditions.


Exam Format

 

Subjects
Exam Details
TIME
M
T
WCT
Paper 1 : Auditing & Attestation
4
36×2
8

Paper 2 : Financial Accounting & Reporting
4
33×2
8

Paper 3 : Regulation (Law & Tax)
4
38×2
8

Paper 4 : Business Environment & Concepts
4
31×2
2
3

·        MCQ – Multiple Choice Questions      2 Test lets 
·        TBS – Task Based Simulations
·        WCT – Written Communication Task

 

Experience

 

·        A candidate is an applicant for a CPA license
·        Many states require the candidate to have 1 – 2 years’ experience under a CPA
·        Additional requirements vary by the candidate’s
·        Education – e.g., Graduate degree vs. 150 hours of undergraduate
·        Employer(s) – e.g., Public accounting firm vs. industry
·        Type of work – e.g., Tax professional vs. auditor

Address:
HEADQUARTER ADDRESS
201 , SM Plaza, Next to Radhika Movieplex,       
 Dr. A.S.Rao Nagar
 Hyderabad , India
 +9140-27142211
 +91 800 8000 311

BRANCH OFFICE
Office 402, BankStreet Building      
(Ubl Building), Bank Street, 
BurDubai, Dubai,United Arab Emirates.
 00 97 150 3940 459




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