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CPA Training

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What Training Is Necessary to Become a CPA?Certified public accountants (CPAs) perform accounting The letslearnglobal Training Center provides CPA and Accounting training

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CPA Training

  1. 1. Certified Public Accountant(CPA)
  2. 2. Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. In theUnited States they will have passed the Uniform Certified Public Accountant Examination and will have met additional state education and experience requirements for membership in their respective professional accounting bodies and certification as a CPA
  3. 3. CPA exam 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 theAmerican Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy (NASBA). The CPA designation was first established in law in New York State on April 17, 1896.[2] Eligibility to sit for the Uniform CPA Exam is determined by individual state boards of accountancy. All states have adopted what is known as the "150 hour rule" (150 college semester units or the equivalent), which usually requires an additional year of education past a regular 4 year college degree, or a master's degree. (As such, universities offer commonly offer combined 5-year bachelor's/master's degree programs, allowing a student to earn both degrees while receiving the 150 hours needed for exam eligibility.)
  4. 4. A CPA is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals All CPAs are accountants, but not all accountants are CPAs. How to become CPA? 3 E’s are required for licensure: Education Exam or Uniform CPA Examination Experience State Boards of Accountancy determine the laws and rules for each state/jurisdiction Education Requirements vary by state/jurisdiction (see state requirements)
  5. 5. Most states now require 120-150 semester hours Number of accounting hours (in the 150 total) is dependent on state requirements Uniform CPA Examination Computer-based format Consists of 4 sections Auditing and Attestation (AUD) Business Environment and Concepts (BEC) Financial Accounting and Reporting (FAR) Regulation (REG) Same test no matter where it is taken Passing score is 75 on a 0-99 scale Question types include multiple choice, simulation and written communication Eligibility to sit for exam depends on stat Examination Center Prometric centers in UAE, Kuwait, Bahrain, Lebanon, Japan & Brazil subject to conditions.
  6. 6. Exam Format Subjects New CBTe Ex M T Paper 1 : Auditing & Attestation 4 3 1 Paper 2 : Financial Accounting & Reporting 4 3 1 Paper 3 : Regulation (Law & Tax) 3 3 1 Paper 4 : Business Environment & Concepts 3 3 MCQ – Multiple Choice Questions TBS – Task Based Simulation WCT – Written Communication Task Experience A candidate is an applicant for a CPA license Many states require the candidate to have 1 – 2 years’ experience under a CPA Additional requirements vary by the candidate’s Education – e.g., Graduate degree vs. 150 hours of undergraduate Employer(s) – e.g., Public accounting firm vs. industry Type of work – e.g., Tax professional vs. auditor
  7. 7. LIG B86, Next to TMC, Opp: Bank of Baroda Dr. A. S. Rao Nagar, Hyderabad, AP, India -62. LETS LEARN GLOBAL CONTACT NO (P): 040-42007222 (M): 800 8000 311 LETS LEARN GLOBAL EMAIL: letslearn@live.com

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