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CPA full form is Certified Public Accountant in the accounting profession. It is a professional accountant license in the United States that has been certified by a state board of accountancy. Becoming a CPA is a sign of credibility and skill in accounting.
CPAs have many job opportunities in the financial sector. They can operate as dependable financial counselors, business consultants, accountants, auditors, and tax specialists because of their comprehensive understanding of accounting and ethics. They are eligible to hold high-level executive roles.
The CPA credential instills confidence and trust in the corporate sector. CPAs earn higher pay, are more widely accepted in the global economy, have more career prospects, have more job security, and are highly regarded by the public.
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What is CPA?
CPA stands for Certified Public Accountant
CPA (Certified Public Accountant) is a designation given by AICPA to the individuals who have passed the Uniform CPA exam, met the required and relevant experience. The CPA designation enforces high professional standards in the field of accounting.
CPA Eligibility | CPA Exam:
The CPA Exams are administered by AICPA, the world's largest accounting body. AICPA offers membership to all the aspirants successfully clearing all 4 CPA exams. CPA license, however, is issued by the 55 state boards of accountancy of the US that are part of NASBA. Each state board has different eligibility criteria that the aspirant needs to meet to take the US CPA exams.
Master's Degree in any of the streams of Commerce, Accounting or Finance
An aspirant needs 120 credits to take the US CPA exams and 150 credits to get his CPA license
It's considered that one year of University education in India is equal to 30 credits of US education
In some cases, first division graduates of a three-year degree from NAAC-A accredited universities of India are qualified to take the US CPA exams too.
CPA Salary in India, USA:
The average salary for a Certified Public Accountant (CPA) in India is ₹701,387.
The average salary for a CPA in the US is $119,000,
CPA USA fees structure/ CPA USA fees:
The overall cost of CPA USA in India, including exam fees, ranges from 3.75- 4 lakhs INR.
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