CPA Exam in India - Eligibility, Syllabus, Exam Centres, Salary

CPA Course Duration and Exam in India

Within 18 months, candidates must pass the four subjects:

• Financial Accounting and Reporting (FAR),

• Auditing and Attestation (AUD),

• Business Environment and Concepts (BEC), and

• One among Business Analysis and Reporting (BAR)/ Information Systems and Controls (ISC) / Tax Compliance and Planning (TCP)

  
  

CPA in India - Eligibility criteria

AICPA, world’s largest accounting organization, administers the CPA exams. Candidates need to pass all four CPA examinations to get membership in the AICPA. The 55-state board of accountancy in the United States who are members of NASBA, on the other hand, awards a CPA license. Each state board has its own eligibility for CPA that an aspirant must have to receive a CPA designation.

The following are some guidelines candidates need to follow to get CPA certification in India:

• A bachelor's degree

• To appear for US CPA tests, an aspirant requires 120 credits.

• To acquire a US CPA license the candidate should have at least 150 credits.

• One year of university education in India is equivalent to 30 credits in the United States.

CPA in India Application Process

To apply for CPA registration in India the candidate must apply online. The candidate first needs to register and upload the required documents for evaluation to NASBA after paying the international evaluation application fee. After successful evaluation by NASBA to determine the eligibility, the candidate can then register and pay the exam fee.

Application Process for CPA in India

• Visit the official website- dashboard.nasba.org
• Create an account with a registered email id.
• Select CPA portal
• Upload the necessary documents for evaluation
• Complete the details for evaluation and determining eligibility
• Confirmation of eligibility via email by NASBA after approximately 6 weeks
• Login to the CPA portal again and pay the exam fee to complete the application

Documents Required for CPA in India Application Form

• Copy of Passport or govt. issued ID card
• Marksheet of each year/semester of the degree
• Degree Certificate
• Complete set of official English translations for marksheets and certificates for non-English documents

CPA Exam in India - Exam pattern

The CPA exam syllabus requires the candidate to pass three core exam sections and one discipline exam section chosen by the candidate. The three Core exam sections, Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR) and Taxation and Regulation (REG). The three Discipline exam sections available are, Business Analysis and Reporting (BAR), Information Systems and Controls (ISC) and Tax Compliance and Planning (TCP). Each exam is four hour long.

CPA Exam structure

CPA Syllabus in India

The syllabus of CPA in India is provided in the table below:

CPA exam centres in India

AICPA & NASBA administers the CPA exam in India at eight test centers. The list of test centres is given below:

• Hyderabad

• Ahmedabad

• Mumbai

• Delhi

• Bangalore

• Chennai

• Kolkata

• Thiruvananthapuram

CPA Course benefits in India

A Certified Public Accountant is an respected professional in the world of accounting and finance. A CPA license can boost an accountants careers and also provide plenty of opportunity for upward mobility.

• Increased Opportunity in the Short Term

• Increased Opportunity in the Long Term

• Higher Salary and Benefits Potential

• Future Job Stability

• It is a Well-Respected Credential

Job Opportunities after CPA Certification in India

Candidates after getting CPA certification in India can apply for the following job opportunities:

• Internal Audit Director

• Tax Manager

• Vice President, Finance

• Financial Controller

• Chief Accountant

• Finance Manager

• Finance Director

• Chief Financial Officer

• Chief Executive Officer

• Chief Audit Executive

• Commercial Director

Cost of CPA Course in India

• International Evaluation Fee: The international evaluation fee is USD 225

• Examination Fee: The CPA examination fee for each section is approximately USD 193.45 .

• Registration Fee: The fee is charged as per the state or depends upon the number of sections chosen by the candidates. One section at a time- USD 63, Two sections at a time- USD 81, Three sections at a time- USD 99 , Four sections at a time- $177 (approx. Rs. 12,900)

• Ethics Fees for the CPA exam: To attain an ethics license, you should clear the ethics exam according to your state. The ethics fee ranges approximately USD 150 to USD 200.

• CPA Licensing Fees: Upon completing the ethics exam, candidates are considered eligible to receive the CPA license. This fee needs to be paid every year and is approximately $ 50 to 500 per year and may vary from state to state.

• Systematic Professional Education for CPA: These fees is approximately $ 800 and increases up to $5000.

Roles and Responsibilities of CPA

The primary roles and responsibilities of a CPA in India are:

• CPA’s perform tasks such as book-keeping (Physical or technical), financial planning, advising, preparing government audits, recording of taxes, financial policies etc.

• CPA’swork is to maintain the transaction history of the company.

• They keep a check on the organization’s budget and financial management.

• They suggest effective methods to save the capital of the firm.

• To organize and audit transaction reports.

• To implement monetary benefits.

• CPA’s are also involved in the construction as well as nalysis of budgets

• CPA’s are responsible for updating and applying with the firm new financial methods.

• To update the management of tax consequences of business judgement.

• CPA’s are involved in rectifying the errors, fluctuations caused by monetary activities and money and solving fraudulent activities.

• They handle tax-related activities such as maintaining tax records, tax collection and on-time tax deposits.

• CPA’s analyze ledgers and estimate the revenue

• CPA’s also prepare the company balance sheet

• They act as an advisory for asset safety, company benefits as well as compensations

CPA salary in India

With an increase in organizations, the requirement for CPAs has also increased. Since , their requirement has increased they are paid well. The minimum salary for a CPA is Rs 7.6 lakh per annum.