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1. American Institute of Certified Public Accountants (AICPA®
)
CPA (Certified Public Accountant)
Srinivas Reddy

2. What Is the CPA?
• The Certified Public Accountant qualifications is the highest accounting
credential in the USA and is similar to CA qualification in India
• The qualification is officered by American Institute of Certified Public
Accountants (AICPA) and is administered at state level
• CPA is universally recognised and well accepted globally
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3. 3
CPA Vs CA
• International credential
• Global career opportunities
• Time advantage (Short duration)
• Only 4 subjects
• High flexibility (Exams are conducted yearly 4 times)
What Is the CPA?

4. 4
Roles of CPAs
CPAs are needed for
Filing US tax returns
Auditing the companies listed with SEC
Conversion services (from local GAAP to US GAAP/IFRS)
Transaction/Advisory services

5. 5
AICPA and the Profession
• Empower professionals who create
economic value inside organizations
• Foster the unique role of professionals
who build quality internal controls
• Promote ethical and responsible
corporate governance

6. CPA Subjects
6
Subjects

7. CPA Exam Structure
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Exam administration

8. CPA Exam Structure
8
Subject weightage

9. Information on how you'll be tested?
• The CPA Exam consists of the following testing
components:
• Multiple-choice questions
• These questions appear on all four parts of the
CPA Exam and are based on the topics
described in the content.
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MCQs

10. Information on how you'll be tested?
Multiple-choice questions
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11. Information on how you'll be tested?
Task-based simulations
Simulations use real-life work situations to test your
in-depth knowledge and skills in a particular subject
area. Some tasks you may be asked to perform
include searching databases or working with
spreadsheets and forms. Task-based simulations
are presented after multiple-choice questions and
appear on three of the exam parts: Financial
Accounting and Reporting, Auditing and Attestation,
and Regulation.
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TBS

12. Information on how you'll be tested?
Task-based
simulations
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13. Information on how you'll be tested?
Document Review Simulations
The DRS will test application, analysis,
and/or evaluation skills of candidates
to review realistic documents and
related source documents (exhibits) to
discern what’s important and what’s
not important for solving the problem.
In the DRS, the candidate will be
presented with highlighted phrases or
sentences within the document that
may or may not be correct.
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DRS

14. Information on how you'll be tested?
Document Review Simulations
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15. Information on how you'll be tested?
Written communications tasks
Appearing only in the Business
Environment and Concepts
(BEC) exam part, these tasks require
you to respond in either memo or letter
format to a scenario based on the
topics outlined in the CSOs. You will
have access to word processing to
prepare your answers.
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WCTs

16. Information on how you'll be tested?
Written communications tasks - BEC
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17. Are you ready to take the CPA Exam?
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Steps to become CPA

18. Exam Testing
Prometric, who administers the exam, offers four testing windows each year.
The windows are as follows:
• January-February
• April-May
• July-August
• October-November
Candidates schedule exams at any of the following countries:
• U.S.A
• Bahrain, Kuwait, Japan, Lebanon, United Arab Emirates (UAE), and
Brazil.
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Exam windows

19. Why the CPA?
If you’ve ever considered a career in any facet of business, here are the top four
reasons why being a Chartered Professional Accountant (CPA) is the only way to go:
Have a career, not a job.
Every step you take as a CPA professional is a step forward. The skills and
competencies you develop as a CPA are both transferrable and valuable. You will
develop the highest understanding of the universal language of business. It’s up to you
to decide where you want to go.
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Why CPA ?

20. Why the CPA?
If you’ve ever considered a career in any facet of business, here are the top four reasons
why being a Chartered Professional Accountant (CPA) is the only way to go:
Do what you love and love what you do.
Ever wonder what it would be like to not dread Mondays? Being a CPA allows you to
find your passion in life and pursue your career in that area.
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Why CPA ?

21. Why the CPA?
If you’ve ever considered a career in any facet of business, here are the top
four reasons why being a Chartered Professional Accountant (CPA) is the
only way to go:
Understand the true value of life.
Whether it’s being able to go on family vacations over the holidays or simply
giving your loved ones the lives you know they deserve, being a CPA allows
you to live and play comfortably so you can focus on what’s most important in
life.
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Why CPA ?

22. Why the CPA?
If you’ve ever considered a career in any facet of business, here are the
top four reasons why being a Chartered Professional Accountant (CPA)
is the only way to go:
Retire when you want to.
Whether that’s at 55 or at 80, it’s your choice. CPAs rank in the top
bracket of income earners of all Canadian professionals. This gives you
options as to when you want to hang it all up and call it a career.
Remember, this is your life so this should be your choice. For CPAs, it
simply is.
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Why CPA ?

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Why late ? Become CPA
Trusted expert who helps
individuals and organizations and
shape their financial future.
Characterized by
COMMITEMENT to objectivity,
integrity and competence.
PERFORMANCE on behalf of
clients, employees and the public
and ACCOUNTABILITY for the
highest professional and business
ethics.
Trusted expert who helps
individuals and organizations and
shape their financial future.
Characterized by
COMMITEMENT to objectivity,
integrity and competence.
PERFORMANCE on behalf of
clients, employees and the public
and ACCOUNTABILITY for the
highest professional and business
ethics.

24. Srinivas Reddy
letslearn@live.com | SrinivasOnline.comCPA CMA CFE ICWA LLB MBA M.Com M.Sc(Psy)