CPA USA Overview
What is CPA USA
A certified public accountant, or CPA, is a person who has passed the very difficult CPA Exam and has been licensed by one of the 50 U.S. states (or one of five other jurisdictions). The CPA’s license is renewed if the state’s requirements continue to be met including continuing professional education credits. A CPA license is the accounting profession’s highest standard of competence, a symbol of achievement and assurance of quality. Whether you are licensed or soon-to-be licensed, NASBA provides information and resources you need to earn and maintain the respected CPA credential. Many certified public accountants work in the field of public accounting in CPA firms ranging from a sole practitioner to a large international CPA firm. However, many certified public accountants leave public accounting while others never enter public accounting. These CPAs can be found working as accountants in manufacturing, financial services, not-for-profit organizations, health care, government agencies, education, and so on. Most state boards of accountancy now require candidates to have 150 college credits in order to sit for the CPA Exam. OR 16 YEAR OF EDUCATION (1ST TO GRADUATION OR PG)
WHO ISSUES CPA US
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 the American Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy (NASBA).
WHERE TO TAKE CPA US EXAMS
The exam for becoming a CPA US is an online computer based exam held at more than 400 prometric centres across the US & in Middle East regions like Behrain, Kuwait, Lebanon & Uae The exam is conducted twice every quarter : Jan & Feb April & May July & August Oct & Nov With a average passing % of 50% globally and 90% through Wiley
CPA Examination Score Release Timeline
Q: What is the testing window? A. Candidates may sit for the CPA Examination during each quarter, or testing window. They are: January 1 – March 10 (Q1), April 1 – May 31 (Q2), July 1 – September 10 (Q3), and October 1 – December 10 (Q4). Scores are released four times for the first testing window while scores will be released once after the close of the Q2, Q3 and Q4 testing windows to allow the Board of Examiners to conduct its standard setting process for the updated Examination debuting on April 1.
Refer: http://www.aicpa.org/BecomeACPA/CPAExam/PsychometricsandScoring/ScoringInformation/Pages/FAQ2011ScoreRelease.aspx
CPA Career Path
Careers in public accounting focus on auditing and tax functions. Public accountants usually work for several clients as part of a firm or on their own.
Having a CPA license garners a 10-15% higher salary.
Opportunities
· The Big 4 and other US-based accounting firms
· Financial services or consulting firms
· MNCs and corporates listed in the US
· Companies providing accounting, taxation and other financial services to US clients
Uniform CPA Exam
Consists of 4 sections
Pass all 4 parts with a 75% or higher
Computer-based format.
· Same test no matter where it is taken.
· Exam Cost: The cost of the Uniform CPA Examination varies by jurisdiction but generally ranges from $600 to $800, to take all four sections of the exam.
· Pass Rate: Average pass rate is 46%. The pass rate among Wiley CPA excel students is 87%.
About Hi-Educare CPA Review
Our program offers a comprehensive package of best in-class study material, a unique training delivery model and assistance with all formalities for the CPA exam. The Hi-Educare system gives you a competitive advantage over your peers with its systematic and thorough review of all material tested on the CPA Exam. we help you attain higher levels of knowledge (analysis, synthesis, and evaluation) while you learn concepts and problem-solving techniques. Our mission is to maximize knowledge transfer while minimizing your time, frustration, and cost.
Hi-Educare-CPA Review – Course Offers
180+ hours of classroom training spread over 20 Sundays, delivered by expert faculties in the industry, using our unique training delivery model.
Hi-Educare CPA Review – Largest interactive web-based test bank available on the market (10,000+ MCQs)
a. Features adaptive learning technology
b. Includes AICPA-released multiple choice questions from prior years’ CPA exams
c. Unlimited Practice Exams that emulate the Prometric environment
d. Highest number of Simulations and Multiple Choice Questions
Study Planner – To plan your studies systematically & effectively.
True & False Series – To correct your conceptual knowledge.
Personal Counselor Support
Hi-Educare CPA Review – E-learning Course and Books
The Flashcards – Exam-focused notes including multiple aids for conceptual understanding and memory
Free support & assistance provided
a. State Board Selection to appear for the CPA exams as per current qualifications
b. Logistical support like credential evaluations, CPA exam scheduling, visa and foreign travel assistance
c. CPA Licensure assistance after clearing the CPA exams
The Hi-Educare CPA Review System includes everything a busy candidate needs to pass the CPA exam on the first try. You will experience our flexible, easy to follow, three-step study approach so candidates can diagnose weak areas, study from review materials written by professional educators, and apply knowledge with the largest test bank of multiple-choice questions, Focus Questions, and Task-Based Simulations on the market.
