The phrase “CPA Full Form” refers to a Certified Public Accountant who issues certifications to show the greatest degree of accounting proficiency. The American Institute of Certified Public Accountants (AICPA) administers the CPA Course. The title “Chartered Accountant” is equal to “CPA” in India.
To become a Certified Public Accountant, a student must pass all of the CPA tests. CPA training may be finished in 18 months. The CPA Exam may be broken down into three categories: written communication, task-based, and MCQ-based.
Introduction
The CPA Exam is a standardized test that assesses the knowledge and skills of candidates who want to become Certified Public Accountants (CPAs). The exam is administered by the American Institute of Certified Public Accountants (AICPA).
About
Fees for CPA courses can be broken down into categories such as application fees, exam fees, registration fees, licensing fees, and others. In India, the total cost of the CPA program is INR 2,18,000. There are 8 Prometric test centers where the CPA Exam is offered, including those in Bangalore, Hyderabad, Ahmedabad, Mumbai, Calcutta, New Delhi, Chennai, and Trivandrum.
After completing their CPA, students may expect to get an initial salary of around 6-7 LPA, which would rise to INR 15-20 LPA as they gain expertise. Certified public accountants (CPAs) often handle the accounting, tax, reporting, and/or audit procedures for governments, corporations, or individual customers. Their responsibilities may vary based on their job and area of specialty.
CPA Course Details
| Characteristic | Description |
|---|---|
| Course | Certified Public Accountant (CPA) |
| Certificate Level | Certificate |
| Course Length | 18 Months |
| Entry Examining Process for Admission | CPA Exam |
| Top Entrance Exam Eligibility | degree comparable to a diploma |
| Average Course Fee | USD 140.00 |
| Average Salary | INR 7 to 9 Lakhs Per Annum |
CPA Admission Process
- Obtain the required education. The majority of states demand that applicants hold a bachelor’s degree in accounting or a closely related subject. Additionally, several jurisdictions demand that applicants complete specialized courses in accounting, taxation, and company law.
- Obtain the necessary experience. Before taking the CPA Exam, many states mandate that applicants have one year of accounting experience. A full-time employment, a part-time career, or an internship are all viable options for gaining this experience.
- Register for the CPA Exam. Candidates must apply through their state board of accountancy in order to take the CPA Exam. A fee, documentation of schooling, and documentation of work experience are often required as part of the application process.
- succeed on the CPA exam. The CPA Exam consists of four parts: financial accounting, business environment and principles, auditing and attestation.
Latest Notification
The latest notification is for the TNPSC Group II A and Group II B services recruitment exam 2023. The online applications for this exam are open from July 18, 2023 to August 16, 2023
Eligibility
| Characteristic | Eligibility |
|---|---|
| Educational qualification | Bachelor’s degree from a recognized university |
| Age limit | 21-30 years as on January 1, 2024 |
| Nationality | Indian citizen |
| Domicile | Domicile of Tamil Nadu |
CPA Exam Structure
| Section | Multiple-Choice Questions (MCQs) | Task-Based Simulations (TBSs) | Written Communication Tasks |
|---|---|---|---|
| AUD | 50% | 50% | N/A |
| BEC | 50% | 35% | 15% |
| FAR | 50% | 50% | N/A |
| REG | 50% | 50% | N/A |
CPA Jobs
| Job Profiles | Salary |
|---|---|
| Accounting Assistant | INR 3 LPA |
| Accounts Payable Clerk | INR 2.4 LPA to 8 LPA |
| Bookkeeper | INR 13 LPA |
| Management Trainee | INR 1.8 LPA to INR 16.0 LPA |
| Payroll Clerk | INR 3 LPA |
Exam Pattern
| Section | Type and Number of Questions | Duration |
|---|---|---|
| Auditing and Attestation (AUD) | 75 MCQs and 8 TBSs | 4 hours |
| Business Environment and Concepts (BEC) | 60 MCQs, 4 TBSs, and 3 written communication tasks | 3 hours |
| Financial Accounting and Reporting (FAR) | 90 MCQs and 8 TBSs | 4 hours |
FAQs
The CPA Exam is a standardized test that assesses the knowledge and skills of candidates who want to become Certified Public Accountants (CPAs). The exam is administered by the American Institute of Certified Public Accountants (AICPA).
The CPA Exam consists of four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).
The CPA Exam is a four-part exam that takes a total of 16 hours to complete. Each section of the exam is 4 hours long.
The cost of the CPA Exam varies by state. However, the total cost of the exam is typically around $1,000.
