CPA Financial Accounting and Reporting SUGGESTED STUDY MATERIAL

CPA Financial Accounting and Reporting SUGGESTED STUDY MATERIAL:-

As the national, professional organisation for all Certified Public Accountants, the AICPA’s mission is to power the success of global business, CPAs, CGMAs and speciality credentials by providing the most relevant knowledge, resources and advocacy, and protecting the evolving public interest. From financial literacy to public policy issues and peer review transparency to audit committee effectiveness, the AICPA is working to ensure that the public remains confident in the integrity, objectivity, competence and professionalism of CPAs.

How to Study CPA Exam:-

In choosing how to contemplate for the CPA exam, applicants need to consider various components, particularly their qualities and shortcomings and how they learn best.

Begin by making an arrangement. In what request will you take the parts of the exam? Audit the substance particular blueprints (CSOs) from the American Institute of CPAs (AICPA) for each piece of the exam, both to recognise what’s on the exam and to decide in which zones you have to invest the most review energy.

Choose how you need to approach your review. The primary choices are to take an audit class at a neighbourhood college or other area, take an online class, or do self review, utilising either a self-contemplate course or arrangement books and study guides.

CPA Financial Accounting and Reporting SUGGESTED STUDY MATERIAL

CPA Course Syllabus

CPA exam syllabus is broken down into 4 sections. Each of these sections have their own syllabus and exam which you need to be proficient in. The 4 sections of the CPA exam are as follows:

1. Auditing and Attestation (AUD),
2. Financial Accounting and Reporting (FAR)
3. Regulation (REG),
4. Business Environment Concepts (BEC)

CPA Financial Accounting and Reporting SUGGESTED STUDY MATERIAL

Preparation Books, Study Guides and Practice Exams

The AICPA has a free CPA Examination Tutorial and Sample Tests and also maintains a a page for Exam Prep Course Reviews with reviews written by people who have taken the courses. However, the AICPA doesn’t recommend or endorse any particular review courses or other study materials.

Here are a few sources that offer a range of paid materials to study for the CPA exam:

1. Becker CPA Exam Review
2. Bisk CPA Review
3. Black CPA Review
4. Gleim Accounting
5. HOCK CPA Study Materials
6. Kaplan CPA Review
7. Lambers CPA Review
8. Roger CPA Review
9. Wiley CPAexcel Exam Review
10. Yaeger CPA Review

CPA Financial Accounting and Reporting SUGGESTED STUDY MATERIAL

CPA Free Study Materials: Download and study all the free materials available here:

CPA Free Study Material-  

For other Question Papers refer the following links:

CPA Question Papers  : 

CPA Financial Accounting and Reporting SUGGESTED STUDY MATERIAL

There is the vast volume of FAR materials, therefore, it is suggested that they opt for this section first. Taking up the FAR section first will benefit candidates in the long run, as it is considered as the most time consuming section.
Financial Accounting and Reporting covers:

• The various aspects of the financial reporting practiced in the modern day business enterprises, or government entities.
• The key differences between GAAP basis and IFRS basis.
• The content which will help you to perform proper judgments in the application of principles in accounting.
• Compilation, evaluation and analysis of financial statements, execution of calculations and identification of various financial and reporting methods.

The broad areas of CPA FAR syllabus and their weightage is as follows:

CPA Financial Accounting and Reporting SUGGESTED STUDY MATERIAL

Eligibility

International candidates are eligible to qualify as U.S. Certified Public Accountants (CPAs) as long as they meet Board of Accountancy eligibility requirements in one of 54 U.S jurisdictions – the 50 states, District of Columbia, Puerto Rico, the U.S. Virgin Islands and Guam. (The 55th jurisdiction, the Commonwealth of Northern Mariana Islands, is not yet ready to accept CPA applicants).

Candidates must be able to take the CPA Examination in English. (It is not available in any other language).

Qualifying through a board of accountancy is the ONLY route to the U.S. CPA license. There is NO central professional body in the U.S. through which candidates may qualify as CPAs.

In order to appear for the Certified Public Accountant Examination, the candidates must have any of the below qualification

• Member of the Institute of Chartered Accountants of India.
• Member of the Institute of Cost and Works Accountants in India.
• Member of the Company Secretaries in India.
• Master of Commerce
• MBAs

In order to become a CPA in the United States, the candidate must sit for and pass the Uniform Certified Public Accountant Examination (Uniform CPA Exam), which is set by the American Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy (NASBA).

A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world’s largest accounting body. If you ever consider a career in accounting and want an illustrious career, CPA is the best option for you. CPAs are globally recognized as premier accountants, and are hired across industries throughout the world.

CPA Financial Accounting and Reporting SUGGESTED STUDY MATERIAL

CPA Course Benefits

The CPA course is considered as the ultimate qualification that has unlimited possibilities to show your potential in the accounting field. Listed below are the detailed benefits of CPA course.

• International Recognition: Excellent opportunity for CA, ICWA, CS, LLB, MBA (Finance), M.com and Commerce Graduates who aspire for an International Certification. The exam is administered by the AICPA, which is the world’s largest accounting body.
• Careers Opportunities: After passing the CPA exam candidates start their career with accounting & Auditing Firms, Research firms, Investments banks, Hedge Funds, Private equity firms, Commercial banks, Mutual funds, Merger & Acquisition etc.
• Flexibility & Ease: It’s a Single Level Online exam with just 4 Papers; one can easily clear the exams in less than a year.
• Must do for CA, M.Com and Commerce Graduates:There are very few International certifications that you can give along with our job and get such high job potential.
• Academic Excellence: A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US GAAP, GAAS and US federal taxation and business laws. This gives great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients.

CPA Financial Accounting and Reporting SUGGESTED STUDY MATERIAL

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.