What Is a Certified Public Accountant (CPA)? | CPA Exam Available in India | Simandhar Education

What Is a Certified Public Accountant (CPA)?

Full form of CPA is Certified Public Accountant (CPA) is a classification granted to individuals who pass the Standardized CPA Examination and meet the standards of education and experience by the American Institute of Certified Public Accountants (AICPA). In the accounting industry, the CPA classification helps implement professional standards. Other countries, especially the Chartered Accountant (CA) designation, have certifications similar to the CPA designation.

The maximum accounting certification in the United States is CPA (Certified Public Accountant). For accounting & finance practitioners, the CPA guarantees global recognition.

The maximum accounting certification in the United States is CPA (Certified Public Accountant). For accounting & finance practitioners, the CPA guarantees global recognition. The CPA classification provides an extensive value proposition with academic content arranged over only 4 examination parts and the designation achievable in less than 12 months:

  • International Credibility
  • Strong Knowledge Base - Auditing, Accounting (US GAAP & IFRS), Finance, Tax
  • Significant career progression opportunity with Big 4 and MNCs
  • Other benefits: Leadership skills, international perspective, elite professional network

USPs of the CPA Course:

Academic Advantages (4 parts, single-level exam, objective-pattern exams)

Practicality (Exam locations including India, Middle East & US, computerized online exams, exams held throughout the year)

As far as examination registration is concerned, the CPA exam fee remains the same in India. Students have to bear additional accommodation and travel costs because they can only appear in the US for the exams. However, because of the prevailing pandemic conditions, the year 2020 has become an exception and candidates from India can apply for the CPA exam. The CPA examination in India will be conducted in 8 Indian cities. CPA exam centers in India are located in Ahmedabad, Bangalore, Calcutta, Chennai, Hyderabad, Mumbai, New Delhi, and Trivandrum. The US CPA institute has also launched a continuous testing window starting from 1st July 2020, which will allow students to appear for the CPA exams all year round.

Format of CPA Exam:

In the CPA exam, there are four sections:

  • Ordinance (REG)
  • Attestation and Auditing (AUD)
  • Accounting for finances and reporting (FAR)
  • Concepts and Business Environment (BEC)

The CPA exam is administered by the AICPA. The total exam duration is 16 hours (4 hours for each section).

Exam locations: The CPA examination will take place in Hyderabad, Ahmedabad, Mumbai, Delhi, Bangalore, Chennai, Kolkata and Trivandrum in India.

CPA Cost: $1000 for CPA exam fees and $1500 for international testing fees. In addition, $225 for assessment cost INR 2,00,000 without training fee for the overall CPA exam.

The agenda behind conducting the US CPA exam in India is to avoid international travel for the Indian CPA aspirants in this uncertain time. The decision helps the Indian students to ease the burden of travelling to countries like Dubai, United States, for writing the CPA exam.

Checkout here:: How Can Indian Students Become US CPAs?

Location: Secunderabad, Telangana 500026, India

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