Certified Public Accountant (CPA)
December 11, 2023
The Certified Public Accountant (CPA) program is a professional qualification designed for individuals who wish to become licensed accountants in the United States. It typically involves a series of rigorous exams that cover various aspects of accounting, auditing, taxation, and business law.
Introduction:
The Certified Public Accountant (CPA) programme is a professional qualification designed for individuals who wish to become licensed accountants in the United States. It typically involves a series of rigorous exams that cover various aspects of accounting, auditing, taxation, and business law. The programme aims to ensure that CPAs possess the necessary knowledge and skills to provide high-quality financial services, including auditing, tax preparation, and consulting, while adhering to ethical and professional standards. To become a CPA, candidates usually need to meet specific education requirements, pass the CPA exam, and fulfill any additional state-specific requirements.
Key Points
A. Who Should Enrol?
The CPA qualification is meant for those pursuing careers in accounting, finance, or related fields, including students, professionals, and career changers. It’s valuable for those who want to work as auditors, tax professionals, financial analysts, or management accountants in various sectors. The qualification is also beneficial for advancing careers, transitioning into accounting, and managing business finances.
B. Topic Areas
| Auditing and Attestation (AUD) | Business Environment and Concepts (BEC) | Financial Accounting and Reporting (FAR) | Regulation (REG) |
|---|---|---|---|
| This part focuses on auditing procedures, professional responsibilities, ethics, and the assessment of internal controls. | This part covers business concepts, economics, financial management, and information technology. | This part delves into financial accounting and reporting standards, including topics like financial statements, revenue recognition, leases, and pensions. | This part covers taxation, business law, ethics, and professional responsibilities related to tax practices and business transactions. |
C. Exam Format
| Paper | Format | Time |
|---|---|---|
| Auditing and Attestation (AUD) | Multiple choice questions and task-based simulations | 4 hours |
| Business Environment and Concepts (BEC) | Multiple choice questions, task-based simulations, and written communication tasks | 4 hours |
| Financial Accounting and Reporting (FAR) | Multiple choice questions and task-based simulations | 4 hours |
| Regulation (REG) | Multiple choice questions and task-based simulations | 4 hours |
D. Exam Window
The exams are on-demand and thus candidates can appear for the exam at a date of their convenience.
Benefits
- Career Opportunities: Opens doors to diverse roles in finance, accounting, and management, with prospects for advancement and leadership positions
- Professional Recognition: Gain a respected credential that showcases expertise and professionalism, boosting credibility in the industry
- Higher Earnings: CPAs typically earn more due to their specialised skills, leading to better compensation and job stability
- Global Reach: The CPA designation is internationally recognised, offering mobility and opportunities in the global job market
Course Details:
Duration:
2 – 4 months per Part
Attendance:
100% attendance required
Assessments:
Periodic assessment and mock exams
Entry Requirements:
Hold a bachelor’s degree or higher, or 120 college credit hours.
Accreditation:
AICPA®, USA
