CPA USA

Certified Public Accountant

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. With effect from April 5th 2004 the Examinations for CPA will be online & on-demand & will be offered in 2 months out of every 3.

For instance, candidates will be able to sit in April & May and the first 10 days in June; the exam will be offered in July & August and the first 10 days in September; candidates will be able to sit in October & November and the first 10 days in December, & so on. Candidates will be able to sit up to 6 days a week, Monday through Saturday 9:00 a.m. to 6:00 p.m. at a Prometric Site. The administration of the Examination is held at the State Level.

Course Details

Papers

There are 4 Papers, namely:
  1. Financial Accounting & Reporting  “FARE”
  2. Auditing & Attestation “AUD & ATT”
  3. Regulation “REG” (Taxation)
  4. 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: Entity Taxation

REG 6: Ethics, 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.
www.becker.com

Registration Procedures

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.

Eligibility

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.

Important note:

Exams are only offered at Prometric Testing Centers in the US & Resident Indian Nationals can now also appear in the Middle East viz. Kuwait, Bahrain, Lebanon, & the U.A.E. (For details of Terms & Conditions for Testing Centers in the Middle East, please get in touch with Ample Office).

Course Duration

Becker conducts a 3-month Live, Interactive, & Multimedia Course. Classes for the April-May Window CPA Examinations commence in the 4th week of December/ 1st week of January; Classes for the October-November CPA Examinations in the 4th week of June/ 1st week of July.

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, amongst 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

Fee Structure

The Course Fee of US $2200 which includes Classroom Training & Course Material (+18% GST, Payable on the entire Portion of the Fees)

At the time of Registration:

Total Fees for the CPA Course – US$ 2200(@ Exchange Rate of Rs. 67) + 18% GST = 1,73,932

  • 1st Installment US$ 600 + 18% GST (@ Exchange Rate of Rs. 67) = 47,436 INR payable during Registration by Cheque/Card/NEFT.
  • 2nd Installment US$ 600 + 18% GST (@ Exchange Rate of Rs. 67) = 47,436 INR payable 15 days prior to the Course commencing by Cheque/Card/NEFT.
  • 3rd Installment US$ 1000 + 18% GST (@ Exchange Rate of Rs. 67) =  79,060 INR payable by Cheque/Card/NEFT on the 1st day of Class.

Our coaching fees are the lowest, next only to the U.S., and a Corporate Discount of US$ 270 is available to company/firm-sponsored candidates.

Note:

Loan Facility:

We have tied up with Credila Financial Services, an HDFC Company, & Credifiable for Educational Loans for our Students. You are requested to kindly get in touch with your Local Orbit Becker Office for more details. Most Nationalized Banks also do offer Loans for these Courses.