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What is CPA? CA vs CPA?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 swetha asked over 3 years ago

What is CPA? CA vs CPA?

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered almost 3 years ago

Dear friend, Concisely CPA is CA course of USA. CPA stands for Certified Public Accountant. Considering the various parameters on which you could compare the two courses, we have narrowed down the comparison on the 7 parameters listed below: 1) International recognition: A CPA student enjoys the membership of AICPA (American Institute of Certified Public Accountants), while a CA student enjoys membership of ICAI (Institute of Chartered Accountants of India). AICPA is world’s largest accounting body while ICAI has little international recognition. 2) Syllabus domain: A CPA student learns about IFRS (International Financial Reporting Standards), GAAP (Generally Accepted Accounting Principles) and GAAS (Generally Accepted Accounting Standards). The knowledge that is gained is primarily international and specifically US based as compared to the CA students who gains knowledge based on Indian laws. This gives a certain edge to the students if they work for US firms or clients. 3) Ease of Examination: CPA include just 4 exams which are bifurcated into multiple choice and subjective exams. CA on the other hand includes a total of 16 exams including CA Foundation | CA CPT/CA Intermediate | CA IPCC/Final. All the exams in CA are short and long answers type and requires off line mode of answering. CPA has online examination. 4) Time to completion: CPA takes around 7 months to be completed with proper guidance and devotion. On the other hand, CA requires a minimum of 4 years to completion. 5) Career Opportunities: A licensed CA professional can have tremendous opportunities for exploitation in India. But in modern ages where many firms are recruiting accountants to manage work of US clients, CPA professionals are taking an edge over the CA professionals. Moreover, with international recognition shining in the armor of a CPA, the opportunities on the global level certainly seek CPA professionals. CA professionals on the other hand are restricted in the matter of opportunities by geographical Indian border. 6) Work Experience: CPA license and certification is issued when a candidate passes the exams and gains one year work experience in the CPA field. The CA license is issued only when a candidate gains minimum 3 years of article-ship in a CA firm. Clearly, the task is more tedious for a CA candidate. 7) COST: Last but probably the major factor governing the career pathways of students, the expenses incurred while pursuing CPA is greater than that of CA. The most prominent factor reflecting the cost hike in case of CPA is the cost of US travel. Because as per the rules of AICPA, the CPA examination cannot be given from any other place but US & the Middle-east. But then, the increased cost saves you the most precious currency: time. Moreover, the advantages listed as above surely count big time as well. On the brighter side, the CPA examination offers you a chance to visit US more easily as the visa officials know very well about the CPA examination venue restriction. But just in case, if all CPA formalities are done for and US visa is denied to any candidate on any other ground, there is a high risk for candidate losing his/her money and time. Overall, in the larger scheme of things, the war between CPA and CA can be summarized as below: For those who have been pursuing CA or are licensed CA professionals, taking a step forward to pursue CPA is a great option. This opens up great opportunities in the MNCs and improves your chances of working abroad. Moreover, additional knowledge does no harm and with expanded domains of knowledge, growth is certain .

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Data?1494421714 swetha answered over 3 years ago

hello Which Qualification Will Help My Career?? Having decided which career path you think you prefer, you are now in a position to choose between a CPA and CA. The question is will the CPA or CA benefit one career path more than the other. It is hard to say, because both qualifications develop your technical skills and business management and social skills. Also, CPA and CA graduates tend to be equally spread across commercial and public accounting – so each qualification provides maximum flexibility to work across industry. There is a lot of heated debate on the financial forums as to whether the CPA or CA is more useful to your career and in truth it was hard to find a strong conclusion on either direction. As it currently stands, there are twice as many CPA members (139,000+) to CA members (70,000+). It is important to also consider which qualification your first employer will support. Depending on the background of the company and the management team, they may support both qualifications or have a preference towards one. Trying to become a CPA in an organisation full of CAs can be challenging to gain extra support (formal or informal), and the same holds true for a CA in a CPA organisation. When you are applying for positions, it will benefit you greatly to do this research first. This way you can be sure that you find a company that will support your preferred choice of CPA or CA. If you are looking to work internationally in the future then you should check to see which qualification will serve you best. Countries will have their own processes and you need to make sure you know what their requirements are. For example, in the UK an Australian CA can become an accountant straight away while a CPA needs 5 years practical experience and a testimonial by another ACA. In conclusion, there is not an easy answer as to which is the best option out of CPA and CA – both will equip you to have successful careers in commercial or public accounting. The key is do make sure you do your research into prospective companies first to see what qualification/s they support. Also if you want your future career plans to involve working overseas, then you may need to be more selective about which qualification you choose to pursue

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rohan gupta answered over 3 years ago

Hi, Concisely CPA is CA course of USA. CPA stands for Certified Public Accountant. Considering the various parameters on which you could compare the two courses, we have narrowed down the comparison on the 7 parameters listed below: 1) International recognition: A CPA student enjoys the membership of AICPA (American Institute of Certified Public Accountants), while a CA student enjoys membership of ICAI (Institute of Chartered Accountants of India). AICPA is world’s largest accounting body while ICAI has little international recognition. 2) Syllabus domain: A CPA student learns about IFRS (International Financial Reporting Standards), GAAP (Generally Accepted Accounting Principles) and GAAS (Generally Accepted Accounting Standards). The knowledge that is gained is primarily international and specifically US based as compared to the CA students who gains knowledge based on Indian laws. This gives a certain edge to the students if they work for US firms or clients. 3) Ease of Examination: CPA include just 4 exams which are bifurcated into multiple choice and subjective exams. CA on the other hand includes a total of 16 exams including CA Foundation | CA CPT/CA Intermediate | CA IPCC/Final. All the exams in CA are short and long answers type and requires off line mode of answering. CPA has online examination. 4) Time to completion: CPA takes around 7 months to be completed with proper guidance and devotion. On the other hand, CA requires a minimum of 4 years to completion. 5) Career Opportunities: A licensed CA professional can have tremendous opportunities for exploitation in India. But in modern ages where many firms are recruiting accountants to manage work of US clients, CPA professionals are taking an edge over the CA professionals. Moreover, with international recognition shining in the armor of a CPA, the opportunities on the global level certainly seek CPA professionals. CA professionals on the other hand are restricted in the matter of opportunities by geographical Indian border. 6) Work Experience: CPA license and certification is issued when a candidate passes the exams and gains one year work experience in the CPA field. The CA license is issued only when a candidate gains minimum 3 years of article-ship in a CA firm. Clearly, the task is more tedious for a CA candidate. 7) COST: Last but probably the major factor governing the career pathways of students, the expenses incurred while pursuing CPA is greater than that of CA. The most prominent factor reflecting the cost hike in case of CPA is the cost of US travel. Because as per the rules of AICPA, the CPA examination cannot be given from any other place but US & the Middle-east. But then, the increased cost saves you the most precious currency: time. Moreover, the advantages listed as above surely count big time as well. On the brighter side, the CPA examination offers you a chance to visit US more easily as the visa officials know very well about the CPA examination venue restriction. But just in case, if all CPA formalities are done for and US visa is denied to any candidate on any other ground, there is a high risk for candidate losing his/her money and time. Overall, in the larger scheme of things, the war between CPA and CA can be summarized as below: For those who have been pursuing CA or are licensed CA professionals, taking a step forward to pursue CPA is a great option. This opens up great opportunities in the MNCs and improves your chances of working abroad. Moreover, additional knowledge does no harm and with expanded domains of knowledge, growth is certain . Regards, Rohan Gupta

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Open uri20170510 32134 1vcte5g?1494421820 Rishabh Sitani answered over 3 years ago

Certified Public Accountant(CPA) is a degree in Australia which is equivalent to the indian chartered accountant degree.To get a better qualification and gain better job opportunities abroad,chartered accountant students can also refer this course for their benefit as Certified Public Accountant(CPA) course is the highest professional accounting course in the united states of America.There is no such difference between a ChartereYOUR d accountant and a Certified Public Accountant(CPA).Certified Public Accountant(CPA) gets job opportunities all over the world and gain knowledge about US GAAP and GAAS. That's why foreign companies prefer Certified Public Accountant(CPA).Many companies like ford motors,coke,pepsi,microsoft require professional who have a very good knowledge about us gaap and gaas.Thus,such companies prefer Certified Public Accountant(CPA).Many of the public accounting firms in india employ Certified Public Accountants(CPA).Indian chartered accountants can give Certified Public Accountant(CPA) exams from the state of Colorado.To be eligible for Certified Public Accountant(CPA) foundation a student may be a member of icai,member of icsi,member of icwai,master of commerce and mba's. SO HERE IS YOUR ANSWER OF YOUR QUESTIONS THANK YOU, REGARDS, RISHABH SITANI

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