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Cost of US CPA Exam

Suhasini 
on 11 January 2021

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US CPA (Certified Public Accountant)

The US CPA certification is offered by the American Institute of Certified Public Accountants (AICPA). This is a highly qualified designation and in order to acquire this designation, a candidate needs to fulfil all the predefined educational and experience criteria.

If you want to be an individual with complete knowledge of Accounting Principles then of course becoming a CPA is the best way to go. AICPA certifies CPAs to be trusted financial advisors to help businesses, individuals and other organizations to reach their financial goals. CPAs have a huge demand in various fields like public accounting, business and industry, not-for-profit, government, and education.

Cost of US CPA Exam

CPA Exam Fees

The CPA Exam fees will be additional around 3000 USD, below is the break up for your reference: In Indian currencies the below fees will be around 2.25,000 approx.

  • 1000 USD for 4 CPA Papers is paid as Paper Fees.

SECTIONS

FEES

Regulation (REG)

$ 250

Auditing and Attestation (AUD)

$ 250

Financial Accounting and Reporting (FAR)

$ 250

Business Environment and Concepts (BEC)

$ 250

  • 1500 USD for 4 CPA papers is paid as International Testing Fees only for students writing exams out of the US.
  • 225 USD is paid to NASBA for Evaluation.
  • 250 USD is paid towards CPA Application fee whenever you apply for exams.

CPA exam fee is $1000 and International testing fee is $1500. Additionally, $225 for evaluation making the overall CPA exam fees in India is INR 2,00,000 without training fee.

The training fees of Becker is usually INR 1.2L to INR 1.47L depending on the product and offers.

• Simandhar Education has a bridge program where you could invest additional INR 20,000 if you're not having required credits (120) for CPA.

• Credits are nothing but scores converted into a certain number of units, B.com of 3 years normally gives 90 credits ( if your first division and NAAC A you would get 120 ) and 150 credits to get US CPA license, so a bridge program would bridge the gap in case you're a B.Com and are not from the first division.

• Simandhar Education is the only institution in India to provide entire support for CPA from registration to licensing and helping professionals select state board criteria.

Cost of US CPA Exam

Previously students had to bear additional expenses for accommodation and traveling since they had to appear for the exams in the US only. But, now that is not the case, as per the latest update by NASBA & AICPA – CPA exam is now going to be held in India itself, which is indeed an amazing news for all the CPA candidates as they can save on a lot of expenses this way. Latest update on CPA exam in India: Testing for CPA Exam candidates at test centers in India will begin January 1, 2021. Also, the candidates may begin to use the scheduler on November 2, 2020.

CPA Exam centres in India: In India, the CPA exam will happen in Hyderabad, Ahmedabad, Mumbai, Delhi, Bangalore, Chennai, Kolkata and Trivandrum.

Click here to know more about US CPA:

https://www.youtube.com/watch?v=qCHGXFkRPnY

US CPA Exam Pattern

There are four Exam sections which are broken down into five smaller sections called testlets. These basically have multiple choice questions (MCQs), written communication tasks, and task-based simulations (TBS).

There are four sections in the CPA exam:

  1. Regulation (REG)
  2. Auditing and Attestation (AUD)
  3. Financial Accounting and Reporting (FAR)
  4. Business Environment and Concepts (BEC)

The AICPA administers the CPA exam. The total duration of the exam is 16 hours (4 hours for each section).

LLet's move right into each CPA exam section.

CPA-REG Exam

The CPA-REG (Regulation) exam tests the understanding level of the candidate at legal matters in a business context and taxation at a federal level. The REG CPA exam covers the topics of business law and federal taxation.

CPA Regulation exam fee: $250

It's a 4-hour exam with topic areas and concepts given below:

Topic Areas & Concepts

Allocation

Professional Ethics and Federal Tax Procedures

10 to 20%

Business Law

10 to 20%

Federal Individual Taxation

15 to 25%

Entity Taxation

28 to 38%

Property Transaction Taxation

112 to 22%

CPA-AUD Exam

The CPA-AUD Exam (Auditing and Attestation) section focuses on the examination entity's processes, compliance, and financial statements. This section evaluates the understanding of standard auditing procedures, fundamental principles, gathering evidence, and internal control concepts of the candidates.

CPA Audit exam fee: $250

IIt's a 4-hour exam with topic areas and concepts given below:

Topic Areas & Concepts

Allocation

Professional Responsibilities, Ethics and General Principles

15 to 25%

Assessing Risk & Developing Planned Processes

20 to 30%

Forming Conclusions & Reporting

15 to 25%

Performing Procedures & Obtaining Evidence

330 to 40%

CPA-FAR Exam

The CPA-FAR Exam section covers topics like financial transactions, financial statements, GAAP, reporting for non-profits. Most of the CPA aspirants consider FAR to be the challenging one among the remaining CPA exam sections because of its length.

CPA FAR exam fee: $250

The FAR section is a 4-hour long exam. It includes below topics:

Topic Areas & Concepts

Allocation

Conceptual Framework & Financial Reporting

25 to 35%

Select Financial Statement Accounts

30 to 40%

Transactions

20 to 30%

State & Local Governmental Accounting

55 to 15%

 

CPA-BEC Exam

The CPA-BEC Exam (Business Environment and Concepts) tests the students in management, principle economic concepts, Information & Technology (IT), and corporate governance.

CPA BEC exam fee: $250

 

It is a 4-hour long exam. It includes the below topics:

Topic Areas & Concepts

Allocation

Corporate Governance

17 to 27%

Economic Concepts and Analysis

17 to 27%

Financial Modelling and Management

11 to 21%

Information Technology

15 to 25%

Operations Management

115 to 25%

Conclusion

Hope this article helps you to know about the cost of US CPA exam, CPA exam fees in India, CPA exam fees NASBA, CPA exam fee 2021 in India and about CPA exam in India. Still, you have any queries feel free to comment below.

About Simandhar Education

Simandhar Education is the official partner of Becker professional education and channel partner of AICPA.

The largest training provider for US CPA, US CMA, IFRS and EA courses in India. Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry experts. We're here to provide you with all the help you need to ace your CPA, CMA exams. We are just a call away for any assistance.


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