CPA (Certified Public Accountant) credential is the only license for accounting professionals in USA and is issued by state boards of accountancy in the 55 jurisdictions to practice auditing and attestation functions. CPA license is the highest standard of competence in accounting profession across the globe. CPA profession offers unlimited possibilities for career growth and development.
The CPA exam is one of the “Three Es” (Education, Examination and Experience) required for licensure as a CPA. Although the Education and Experience requirement may vary by jurisdiction, CPA exam is uniform. The Uniform CPA exam is developed, maintained and scored by AICPA, USA in partnership with National Association of State Boards of Accountancy (NASBA).
Eligibility requirements vary by jurisdiction. Each jurisdiction has specific requirements regarding education, experience and residency.
Most of the jurisdictions would require 150 semester hours of accounting education to be eligible to write CPA exam.
Post graduates like M.Com and MBA or graduates with professional certifications like CA and CS qualify for CPA exams in most of the states.
Indian students have to apply online through NASBA International Evaluation Services (NIES) to get the evaluation done. NIES may take upto 10 weeks to complete the evaluation.
On average, 45% is the pass rate for CPA exam. The passing score is 75 on a 0-99 scale.
CPA exam is organized into four sections:
AUD: Auditing & Attestation
BEC: Business Environment & Concepts
FAR: Financial Accounting & Reporting
Candidates can take four sections in any order.
No. CPA exams are not currently administered in India. Indian candidates can write CPA exam at Prometric test centres in UAE, Bahrain, Kuwait and USA.
Exams are offered during the following test windows per year:
Jan 1 – Mar 10
Apr 1 – Jun 10
Jul 1 – Sep 10
Oct 1 – Dec 10
Candidates can choose their convenient date and schedule exams online.
FM Academy class room coaching would require 80 hours per part. Candidates would need an equal amount of time for intensive practice using GLEIM software to ensure a pass at the CPA exams.
Candidates can comfortably pass all the four sections of the exam in less than 1 year.
Cost of evaluation and registration for CPA exam varies for each jurisdiction and is approximately Rs. 1 lakh. Additional charge of Rs. 25,000 (approx.) per part for appearing at Middle East centres. Candidates also have to bear air travel and stay expenses to the US or Middle East test centres.
You may please contact us regarding our coaching fees including course materials.
We follow rolling batches where the students can be admitted on starting a new topic area. Please call us to register for your convenient batch.
Morning Batch: 7 am to 9 am for three days a week.
Day Batch: Morning 10 am to 1 pm for three days a week.
Week-end Batch: 9 am to 4 pm on Saturdays.
Customized batches can also be arranged to cater student requirements.