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How do I become US CPA in India?

  • 2019-05-20
  • In CPA USA
How do I become US CPA in India?

CPA ensures global recognition for Accounting & Finance professionals. With academic content organized over just 4 exam parts and the designation achievable over less than 12 months, the CPA designation offers an extensive value proposition:

  • International Credibility
  • Strong Knowledge Base - Auditing, Accounting (US GAAP & IFRS), Finance, Tax
  • Significant career progression opportunity with Big 4 and MNCs
  • Other benefits: Leadership skills, international perspective, elite professional network.

US CPA exam is a single level certification with 4 sections as mentioned below:

  • Auditing and Attestation (AUD),
  • Business Environment and Concepts (BEC)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)

Having said that, achieving the prestigious CPA title in India is as easy as it gets. Here’s a simple guide on how to unlock global career opportunities with the US CPA designation!

  1. Understand the credit system
  2. Secure the transcripts
  3. Evaluation/Registration
  4. Classes
  5. Notice to Schedule and Exams
  6. CPA License

Understand the credit system.

It is important that you understand the minimum eligibility criteria to appear for the CPA exams. I’ve elucidated the credit system of CPA in a previous answer too.

General rule: The eligibility for CPA certification requires 120 credits. Every year of university education in India is equivalent to 30-semester credits of US education.·

Using 1 year = 30 credits,

·B.Com = 3 years x 30 credits = 90 credits

· Exception: If B.Com is cleared in 1st division from a NAAC ‘A’ university, you are entitled to 30 additional credits, thereby increasing the credits to 120.

· Suppose you have only 90 credits (counted as per your graduation) then, you can pursue either M.Com or MBA for attaining the balance credit points.

· Further, a professional qualification like CA/CS/CWA is counted as 2 years of university education, thus adding 60 credits to your bag.

To summarise:

· B.Com M.Com/MBA = 90/120 credits + 60 credits = 150/180 credits

· B.Com+ CA/CS/CWA = 90/120 credits + 60 credits = 150/180 credits.

2. Secure the transcripts

The next step is to apply for transcripts from the respective universities.

Transcripts are nothing but documents which help the international educational bodies evaluate your Indian qualifications and assist them in determining the credit points.

You will need to apply for these at the university from where you’ve pursued your graduation. E.g., Delhi University.

For CAs, transcripts can be applied for at ICAI.

3. Evaluation/Registration

Once the transcripts have been received, you can finally apply to the World Education Services to get yourself evaluated. Once this is done, you should receive a confirmation from an American state board within a month.

4. Classes

Now, start taking classes from any of the CPA Reviews. This part is particularly difficult since it will require you to put in hours of study along with your regular jobs.

5. Notice to Schedule and Exams

Once you’re confident about a paper, you can apply to AICPA for taking that paper. This is known as a Notice to Schedule (NTS) which remains valid for a period of 6 months. Therefore, you can appear for that paper anytime within 6 months of filing your NTS.

6. CPA License

After clearing the CPA exams, you would need to apply for the CPA license (same as CPA certificate) which is issued by one of the 55 states or territories of the United States.

To know more about the courses, you may visit www.simandhareducation.com. Simandhar education is the official partner of Becker professional education and approved Channel partner of AICPA and are assisting the students in various locations of india mainly Hyderabad, Bangalore, Delhi, Mumbai, Gurgaon etc

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