What is CPA?
CPA stands for “Certified Public Accountant.” It is a professional designation given to accountants who have passed a uniform examination administered by the American Institute of Certified Public Accountants (AICPA) and have met other education and experience requirements to earn the license. The CPA designation is widely considered the pinnacle of excellence in the accounting industry across the globe. Becoming a CPA is challenging, but immensely beneficial and a matter of great pride. CPAs provide a wide range of accounting and financial services, including auditing, tax preparation, and financial planning.
How To Become A CPA in India?
Becoming a Certified Public Accountant (CPA) in India is a great way to advance your career in the field of accounting and finance. However, the process can be a bit confusing, especially for those who are not familiar with the requirements and steps involved. In this blog post, we will provide all CPA course details as well as a complete guide on how to become a CPA in India, including information on US CPA eligibility, review courses, fees, and the best institutes for CPA in India.
US CPA Eligibility –
To become a US CPA in India, you must first meet the eligibility requirements set by the American Institute of Certified Public Accountants (AICPA). These requirements include having a bachelor’s degree from an accredited college or university and passing the Uniform CPA Exam. Additionally, you must also fulfil the experience requirement by working for a certain number of years in the accounting field and passing an ethics exam. Another important point to note for Indian students is the credit requirement. You need at least 120 credits to give the CPA exam, and at least 150 credits to earn your license. Most B.Com degrees in India give you 120 credits, however, to earn the remaining 30 credits, you will have to pursue a bridge course. Of course, if you choose the right CPA review course, you will not have to worry about this.
CPA Course Details:
The CPA exam is a stringent examination that covers a broad range of topics in accounting and finance. The exam is divided into four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). Each section is scored separately, and a passing score of 75 or higher is required for each section. Once you have passed your first exam, you have 18 months to complete the other three and earn your CPA. the average CPA passing score is 75. One of the best parts of the CPA exam pattern is that you can take them anytime throughout the year from anywhere in India, the Middle East or the US.
CPA Review Courses:
Once you have met the eligibility requirements, you can register for a CPA review course. These courses are designed to prepare you for the Uniform CPA Exam and cover all of the necessary material in detail. It’s essential to research and compare the different review course providers to find the one that best fits your learning style and budget. One of the best CPA course providers in India is Miles Education. In fact, more than 80% of CPAs in India are Miles’ Alumni. They have been instrumental in creating the ecosystem for CPAs in India, and when it comes to earning your CPA, they are the go-to destination for most aspirants. The CPA course fee charged by Miles too is very reasonable.
CPA Course Fees:
The cost of a CPA course in India can vary depending on several factors such as the institution offering the course, its location, and the type of course (online or in-person). Generally, CPA courses in India are offered by private institutes or coaching centres. The CPA course fees for these can range from around 100,000 INR to 2,00,000 INR or more. Some institutes may also offer instalment options for the fees. Another important thing to note is that the CPA course fee is only one part of the cost of becoming a CPA.
The best institutes for CPA in India provide comprehensive study materials, experienced faculty, and a supportive learning environment. They also offer regular mock tests and evaluations of performance to help students prepare for the CPA exam. Here again, Miles Education is unbeatable. They have the world’s favourite CPA instructor, Varun Jain, and a Miles Force of over 100 qualified CPAs. Additionally, their LMS has more than 8000 MCQs and 500 Simulations including DRS! Additionally, they have a hybrid learning system and offer one-on-one mentoring sessions that are immensely beneficial for the candidates.
In conclusion, becoming a CPA in India is a challenging but rewarding process that requires dedication, hard work, and a commitment to learning. By meeting the eligibility requirements, registering for the CPA course, studying the theoretical and practical aspects of the course, and passing the CPA exam, you can become a certified public accountant and advance your career in the field of accounting and finance.
To know more about the US CPA exam and its curriculum visit: https://mileseducation.com/
