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The information on CPA Coaching or Training in India

CPA Coaching or Training in India

CPA Coaching or Training in India:

Certified Public Accountant (CPA) is the highest accounting qualification in the US. The CPA credential is a symbol of trust and professionalism in the world of business.

Receiving your CPA certification distinguishes you from other business professionals – the benefits are increased trust, opportunity, and financial reward.

In order to become a CPA, the first step is to pass the Uniform CPA Examination and the second step is to subsequently licensed, by the Board of Accountancy in one of the 55 U.S. jurisdictions.

CPA Coaching or Training in India

Auditing & Attestation (AUD)

Duration4 Hours
Format50% MCQs: 3 MCQ testlets of 30 questions each. • 50% Task-Based Simulations: 1 testlet with 7 TBSs.
Content Specification OutlineThis section covers knowledge of auditing procedures, generally accepted auditing standards and other standards related to attest engagements, and the skills needed to apply that knowledge in those engagements.

Business Environment and Concepts (BEC)

Duration4 Hours
Format50% MCQs: 3 MCQ testlets of 24 questions each. • 35% Written Communication: 1 testlet with 15% written communication tasks.
Content Specification Outline: This section covers knowledge of general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for, and accounting implications of, business transactions, and the skills needed to apply that knowledge.

Financial Accounting & Reporting (FAR)

Duration4 Hours
Format50% MCQs: 3 MCQ testlets of 30 questions each. • 50% Task-Based Simulations: 1 testlet with 7 TBSs.
Content Specification OutlineThis section covers knowledge of generally accepted accounting principles for business enterprises, not-for-profit organizations, and governmental entities, and the skills needed to apply that knowledge.

Regulation (REG)

Duration4 Hours
Format50% MCQs: 3 MCQ testlets of 24 questions each. • 50% Task-Based Simulations: 1 testlet with 6 TBSs.
Content Specification Outline: This section covers knowledge of generally accepted accounting principles for business enterprises, not-for-profit organizations, and governmental entities, and the skills needed to apply that knowledge.

CPA Coaching or Training in India

Testing Centers:

The Uniform CPA Examination is administered in Prometric test centers in the U.S. and designated international locations, whether or not the test center is located within the borders of the jurisdiction where you are seeking your initial license.

Citizens and long-term residents of the countries in which the examination is administered may sit for the examination in international locations. Effective October 2014, Indian citizens can take the exam in UAE. However, candidates taking the exam in international locations have to pay additional fee of approx. $1,300 in addition to regular examination fee of $955. Moreover, candidates taking the exam in international locations will lose their exam credits if they do not become licensed within 3 years of passing all 4 sections of the exam.

CPA Coaching or Training in India

Testing Windows:

The Uniform CPA examination is offered in the first two months of each calendar quarter. The examination is not given during the third month of each calendar quarter (i.e., March, June, September, and December) to allow for systems and databank maintenance.

The candidate can take any or all sections of the examination during any testing window and in any order. However, the candidate cannot take the same section more than once during any one testing window.

CPA Coaching or Training in India

Test Results:

After the Examination, candidate responses are forwarded to the AICPA for scoring. When advisory scores become available, the AICPA sends them to NASBA which in turn forwards it to Boards of Accountancy for approval and subsequent release to candidates.

Once you pass a section(s) of the examination, you are allowed a maximum of 18 months to pass all remaining sections in order to retain credit on the passed section(s). If you do not pass all four sections within that 18-month period, you will lose credit for the first section of the exam you passed. A new 18-month period will commence with a start date of the second section that was passed.

CPA Coaching or Training in India

Score Release Timeline:

Scores for the Uniform CPA Exam will be released by NASBA to State Boards of Accountancy based upon the target score release date timeline listed in the table below.
Day in Testing Window: Day 1 – 20
Target Release Date Timeline11 business days following day 20 of the testing window

Day in Testing WindowDay 21 – 45
Target Release Date Timeline6 business days following day 45 of the testing window

Day in Testing WindowDay 46 – Close of Window
Target Release Date Timeline6 business days following the close of the testing window

Day in Testing WindowAfter Close of Window
Target Release Date Timeline6 business days after receiving all scoring data for the testing window

CPA Coaching or Training in India

Frequently asked questions(FAQs):

  • What is accounting and why is it important?

Accounting is often called the “language of business” because it deals with interpreting and communicating information about a company’s operations and finances.

Accounting is extremely important to any company because the financial information, as interpreted by CPAs, allows executives to make informed business decisions-decisions that help those companies become more successful.

Economic events are measured and described by accounting. Everyone works with and uses accounting ideas, whether they’re managing a business, investing money, or just deciding how to spend their paycheck.

In business, accounting links the past with the future. It provides decision-makers information about recent financial activity, as well as information and recommendations useful for forecasting future events.

  • Are CPAs and accountants the same thing?

Yes and no. All CPAs are accountants, but not all accountants are Certified Public Accountants (CPAs). The principal differences between accountants and CPAs are education, experience, and opportunity. Becoming a CPA is a challenging goal, but one very much within your reach.

In order to become a CPA, there are education and experience requirements you’ll need to fulfill, and a Uniform CPA Exam that you must pass. Receiving your CPA certification distinguishes you from other business professionals – the benefits are increased trust, opportunity, and financial reward.

 

  • What is a CPA and what do they do?

CPAs are many things. They are chief financial officers for Fortune 500 companies and advisors to small neighborhood businesses. They work for public accounting firms, both small and large. They are well-respected strategic business advisors and decision-makers. They act as consultants on many issues, including taxes and accounting.

A CPA, or Certified Public Accountant, is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals. Whatever those goals-saving for a new home, opening a new office, or planning a multi-billion dollar merger-CPAs can help.

Getting your CPA certification opens the kinds of doors that can fast-track you into influential jobs in every industry. Whom do you think the FBI recruits to investigate criminal fraud? What profession is often a stepping-stone to holding positions like Chief Financial Officer (CFO) and Chief Executive Officer (CEO)? Who helps rock stars manage their money, and avoid going broke? View the career opportunities section

  • What kinds of career opportunities are available to CPAs?

From the smallest start-up to the largest government agency, every business or organization requires the skills of a CPA. The CPA credential is highly regarded. To a potential employer it means high ethical standards as well as measurable experience, education, and skills.
CPAs work mainly in public accounting, business and industry (corporate accounting), government, not-for-profit, and education.

 

  • What kinds of opportunities are there for women in the CPA profession?

More and more women are becoming CPAs because accounting is a field with increasingly interesting work, flexibility, a high level of respect and attractive financial rewards. As of the year 2000, 57 percent of new accounting graduates were women (source: AICPA). For more information on women in the profession, visit the Work/Life & Women’s Initiatives section of this Web site.

 

  • What kinds of opportunities are there for minorities in the CPA profession?

Minority students make up close to 19 percent of new accounting graduates. For more information, visit the Minority Initiatives section of this Web site.

 

  • Why should I get my CPA license?

The CPA credential is a symbol of trust and professionalism in the world of business. It’s a highly challenging professional track, but the reward is that CPAs are considered the most trusted advisors in business.

In addition to completing business and accounting courses in college and passing a comprehensive national exam, CPAs continue to maintain and update their skills as part of their commitment to a truly dynamic profession. Learn more about CPA certification requirements.

 

CPA Coaching or Training in India

www.cakart.inprovides India’s top CPA faculty video classes – online & in Pen Drive/ DVD – at very cost effective rates. Get CPA Video classes from www.cakart.in to do a great preparation for primary Student.

Watch  CPA  sample lecture Here
Watch CPA free downloads  Visit cakart.in downloads section

 

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