CPA

The Association of International Certified Professional Accountants (the Association) is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA) to power opportunity, trust and prosperity for people, businesses and economies worldwide. AICPA & CIMA represents 696,000 members, students and engaged professionals in public and management accounting and advocates for the public interest and business sustainability on current and emerging issues.

In 2012, AICPA & CIMA established the Chartered Global Management Accountant (CGMA) designation to provide members with a new level of resources and recognition.

About AICPA

The American Institute of CPAs is the world’s largest member association representing the accounting profession, with 431,000+ members in 130 countries. The AICPA provides educational guidance materials; develops and grades the Uniform CPA Examination; and monitors and enforces compliance within the profession. There are currently 669,000+ actively licensed CPAs around the globe.

What is CPA?

Certified Public Accountants (CPA) US is the equivalent qualification of the Indian CA. It is the highest accounting credentials in the US which enjoys international recognition as members of the AICPA (American Institute of Certified Public Accounts).

Role of a CPA 

• Filling US Tax returns

• Auditing companies listed with SEC

• Conversion Services (from Local GAAP to US GAAP/IFRS)

• Transaction/Advisory Services

• Accounting services

CPA Education Prerequisites & Examination

Licensing boards commonly require that the CPA certification course is completed in at least 150 hours of post-secondary coursework in accounting, which is 30 hours more than the hours required for a Bachelor’s degree. Some students fulfill the requirement by earning a master’s degree or by taking extra courses after completing bachelor’s degree programs.

Qualified applicants may sit for the UNIFORM CPA exams administered by the American Institute of Public Accountants (AICPA). The 4-hour exam (each section) is divided into 4 parts that assess proficiency in:

1. Auditing & Attestation

The Auditing and Attestation CPA exam section tests your knowledge of the entire audit process, as well as preparation, compilation, and review engagements and other non-attestation services. Since it also tests ethics, MyLogicVideos also provide CPA coaching in Bangalore for ethics along with technical subjects so one will have to become familiar with the AICPA Code of professional conduct.

CPA training is administered keeping in mind the Audit CPA exam sections, which consists of five test lets: two test lets of multiple-choice questions (MCQs) and the three test lets of task-based simulations (TBS’s). The MCQ portion of AUD accounts for 50% of your CPA exam score, and TBS portion accounts for the other 50%

2. Financial & Reporting

Historically, the FAR CPA exam section receives the lowest pass rate of any CPA Exam Section. It tests your knowledge on the topic of financial accounting standards. With the best CPA coaching in Bangalore, you will be able to easily understand the technical financial accounting standards and get comfortable performing accounting math under a time limit.

The FAR CPA exam section consists of five test lets: two test lets of multiple-choice questions (MCQs) and the three test lets of task-based simulations (TBS’s). The MCQ portion of FAR accounts is for 50% of your CPA exam score, and the TBS portion accounts are for the other 50%. We provide CPA Coaching in Bangalore keeping in mind the aforementioned exam pattern.

3. Business Concepts & Environment

The Business Environment and Concepts CPA Exam section test your knowledge of the business environment and related concepts. BEC is unique for including written communications (WCs) in addition to the multiple-choice question (MCQs) and task-based simulation (TSBs).

Our CPA training  will help you to understand a wide range of accounting concepts at a basic level and be able to communicate clearly and effectively about business operations.

The BEC CPA exam section consists of five test lets: two test lets of multiple-choice questions (MCQs) and the two test lets of task-based simulations (TBS’s) and one written communications. The MCQ portion of BEC accounts for 50% of your CPA exam score, and the TBS portion accounts for 35% and the WC test lets supply the remaining 15%. 

4. Regulation

The topics covered in the Regulation (REG) CPA Exam section are broadly three: business law, ethics, and federal taxation. The topic that receives the most attention is federal taxation in its various forms, which make up over half the exam. Consequently, Online training will focus thoroughly on these topics.

The training will enable you to learn how to perform tax preparation and other services commonly require of CPA’s

The REG CPA exam section consists of five test lets: two test lets of multiple-choice questions (MCQs) and the three test lets of task-based simulations (TBS’s). The MCQ portion of REG accounts for 50% of your CPA exam score, and TBS portion accounts for the other 50%.