US CPA Course in Pune | CPA Classes in Pune: AK’s Training Academy

Certified Public Accountant (US CPA)

Among the many commerce careers, CPA is a highly respected and rewarding career choice. CPA credentials are recognized by organizations worldwide.

The course opens up the gates of golden opportunities in the government and the private sector. And if you don’t wish to work you can also start your own practice.

We can consider this course as a US Chartered Accountancy course.

A Certified Public Accountant (CPA) is a designation provided to licensed accounting professionals. 

The CPA license is provided by the Board of Accountancy for each state. 

The American Society of Certified Public Accountants was formed in 1921 and acted as a federation of state societies. The Society was merged into the Institute in 1936 and, at that time, the Institute agreed to restrict its future members to CPAs.

There are almost 658,267 actively licensed CPAs all around the world.CPA course ensures global recognition for accounting & finance professionals. 

With academic content organized over just 4 exam parts and the designation achievable in less than 12 months, the CPA designation offers an extensive value proposition:

Top CPA Coaching institute in Pune

Request a Free Call Back

Provide discussion information & our student counsellor will get back to you

    CPA Exam Eligibility

    A CPA aspirant need 120 credit hours to give the exam and 150 credit hours to get CPA License

    • AICPA offers the CPA membership upon clearing all 4 CPA exams.
    • But , CPA license is issued by 55 state boards of accountancy of the US. And these boards are part of NASBA.

    Step by Step Journey to Become US CPA

    01

    Verification

    • Educational Documents will be verified by our team.
    • AKs Training Academy will help you to measure your credit score.
    • Based on credit score AKs will help you to decide the State board or jurisdiction ( State
      board selection) under
      which you will appear for the exam.
    Journey to become US CPA step 1. Verification

    02

    Application

    • Prepare for the exam with AK and Beckers’s study material.
      (Get access to MCQ bank, Task-based simulation, Unlimited Practice test, Mobile App, Study
      planner, Mock exams)
    US CPA Admission process step 2. Application

    03

    Study & Schedule

    • Online application for the exam
    • Schedule exam
    Best US CPA course institute in Mumbai, Pune | step 3. Study & schedule

    04

    License

    • Ethics exam
    • Document filing with the state board.
    US CPA Certification Eligibility Criteria Pune step 4. license

    We assure you that AK’s Training Academy (US CPA Institute in Pune) will be guiding you through these steps until you achieve the CPA credentials.

    10%

    Evaluation

     

    25%

    Apply

     

    60%

    Study

    70%

    Schedule

    100%

    Success

    CPA USA Course Details

    Financial Accounting & Reporting

    • Conceptual Framework, Standard Setting, and presentation of Financial Statements (17-23%)
    • Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures (27-33%)
    • Specific Transactions, Events, and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures (27% – 33%)
    • Governmental Accounting and Reporting (8% – 12%)
    • Not-for-Profit (Nongovernmental) Accounting and Reporting (8%-12%)

    Duration:- 4 hour Exam.
    Question Pattern :- 66 multiple choice questions (50% Weightage) & 9 short task-based simulations (50% Weightage)

    Auditing & Attestation

    • Engagement Acceptance & understanding the environment (12-16%)
    • Understanding the entity and its environment (16-20%)
    • Performing Audit procedures & evaluating evidence (16-20%)
    • Evaluating Audit findings, communications & reporting (16-20%)
    • Accounting & review services engagement (12-16%)
    • Professional responsibilities (16-20%)

    Duration :- 4-hour Exam
    Question Pattern :- 72 multiple choice questions (50% Weightage) & 9 short task-based simulations (50% weightage)

    Regulation(US tax/law)

    • Ethics, Professional, and Legal Responsibilities (15% -19%)
    • Business Law (17% – 21%)
    • Federal Tax Process, Procedures, Accounting, and Planning (11% – 15%)
    • Evaluating Audit findings, communications & reporting (16-20%)
    • Federal Taxation of Property Transactions (12% – 16%)
    • Federal Taxation of Individuals (13% – 19%)
    • Federal Taxation of Entities (18% – 24%)

    Duration :- 4 hour Exam
    Question Pattern :- 76 multiple choice questions (50% Weightage) & 9 short task-based simulations (50% Weightage)

    Bussiness Environment & Concepts

    • Corporate Governance (16% – 20%)
    • Economic Concepts and Analysis (16% – 20%)
    • Financial Management (19% – 23%)
    • Information Systems and Communications (15% – 19%)
    • Strategic Planning (10% – 14%)
    • Operations Management (12% – 16%)

    Duration :- 4 hour Exam
    Question Pattern :- 62 multiple choice questions(50% Weightage) & 5 short task-based simulations (35% Weightage),Written communication( 15% Weightage)

    Key Pointers

    • Objective pattern – FAR / AUD / REG = 100% objective | BEC = 85% objective
    • Passing score of 75 on each part (on a scale of 0-99)
    • Global Pass Rate > 50%
    • 18 months to clear from date of clearing 1st exam
    • ANYTIME (4 testing windows): Jan 1 – Mar 10, Apr 1 – Jun 10, Jul 1 – Sep 10, Oct 1 – Dec 10

    CPA Exam Centres in India

    The AICPA , NASBA, and Prometric launched CPA exams in India to help the CPA aspirants to achieve their CPA goals in the COVID-19 scenario. The exams are administered at eight Prometric test centers.

    New Delhi | Bangalore | Calcutta | Mumbai | Ahmedabad | Hyderabad | Chennai | Trivandrum

    Why should I join CPA coaching in Pune with AKs Training Academy?

    Live online batches.

    Doubt solving sessions.

    Access to mock exams

    Dedicated discussion forums

    Concept oriented intensive US CPA coaching

    Result-oriented personal guidance to each student

    Access to all recordings of sessions

    Access to 240+ hours of exclusive recordings

    Experienced faculty members ( CA & CPA)

    24*7 access to online program material

    300+ hours of live online training

    6500 Multiple Choice Questions

    250 task-based simulations and study planner

    Self-paced learning content by Becker Professional Education

    We are among the few who provide CPA USA course material of Becker

    After Course Engagement (ACE).

    FAQ

    Exams are conducted in the following 8 out of 12 months in a year – January, February, April, May, July, August, October, November. Students can book their exams in advance for any of these months. 

    A Notice To Schedule (NTS) is received by every student before they take their exam. All 4 papers can be taken in one attempt if the NTS is received

    Exams are a mix of MCQs and Simulations. The number of MCQs and Simulations can vary from paper to paper.

    There are 4 papers in total. Each paper is 4 hours long and is a mix of MCQs and Simulations (Task-Based Questions)

    You need to get a minimum score of 75 to clear any paper of CPA

    There is no exemption system in CPA. There are only 4 papers to be taken. An Indian CA is eligible for CPA as they earn 120 credits through CA. 

    Notice to Schedule (NTS) is a notification received by a student once they are eligible to take an exam. It indicates that the student can start booking their exam through Prometric. It is issued within 2-4 weeks after application for an exam.

    There is no limit on the number of attempts.

    CPA enjoys global recognition. As a CPA you can work in any country and company that follows US GAAP

    A Fresher CPA can draw an average salary of anywhere between 6 – 7 lacs per annum

    • AKs will help you to evaluate your credit score
    • We will also suggest courses to achieve this score of 120 points.
    • Each state in the USA has its “State Board of Accountancy” which gives licences to CPA.
    • Many State Boards require an individual to have 120 US semester hours credit to be eligible for the exam.
    • Every year of Indian education is considered as 30 credit points. Hence BCOM students are considered to have 90 credit points.
    • But if a student has completed BCOM from NAAC A college and 1st division then it is considered as 4 yrs i.e 120 credit points.
    • Postgraduate degree(MBA/MCom) contributes to 60 credit points
    • CA can get 60-90 credit points.

    Minimum education requirements for US CPA exams and the is 12+4 or have 120 educational credits

    *However there are certain states which allow you to sit for the CPA exam with 90 credits. But you need to sign an undertaking that you will earn the remaining 30 credits in the 18 month period after clearing the 1st paper

    There are 4 credit evaluation agencies that can evaluate your documents & measure the credit score. AK’s can provide end- to- end assistance on that

    CPA fees depend on the location of the exam.

    Within the US

    • $250 for evaluation
    • $238 exam fee per paper

    Outside USA (incl India)

    • $250 for evaluation
    • $238 exam fee per paper
    • $1486 additional fee for exam taken outside the USA

    Tutor/ Tuition fees will be over and above this. The total cost of the course in India will be approximately Rs 3.5 lacs

    CPA does not give any credit for CA Foundation/CA Inter.But if you have completed CA Final then have 120 credits & are eligible for CPA. 

    BBA gives 90 credits, whereas MBA can earn you 120 credits. So to answer the question, BBA is not eligible but MBAs are eligible for CPA course in Pune

    *However there are certain states which allow you to sit for the CPA exam with 90 credits. But you need to sign an undertaking that you will earn the remaining 30 credits in the 18 month period after clearing the 1st paper

    This will depend on a case-to-case basis. We can help you evaluate whether you are eligible for CPA USA Course.

    CPA enjoys global recognition. As a CPA you can work in any country and company that follows US GAAP, But they may not have signing authority in all countries.

    CPAs can be placed with any MNC or any company which follows the US GAAP i.e. the US Generally Accepted Accounting Principles. We have many MNCs in India and demand for CPAs in such companies has been ever-growing.

    A US CPA can apply to become a CPA in Australia after meeting the eligibility criteria without undertaking any additional exams. You can work as a CPA Australia in Australia

    Yes. A US CPA can hold a Canadian CPA without taking any additional exams. 

    Every country has its own body for the accounting profession. A US CPA can hold CPA Canada without taking any additional requirements. US CPA can also hold CPA Australia after fulfilling certain eligibility criteria.

    BCom gives 90 credits and the minimum education requirements for US CPA exams and the license is 12+4 or has 120 educational credits. 

    *However there are certain states which allow you to sit for the CPA exam with 90 credits. But you need to sign an undertaking that you will earn the remaining 30 credits in the 18 month period after clearing the 1st paper

    One can do CPA in 12 months.

    Enquire Now