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CPA

Dhanashree Muslonkar (Article) (49 Points)

25 March 2009

I am a final CA student due for attempt in May 2010.Wanted to know how useful is the CPA from USA .In the sense what impact will it have on the job profiles on offer after i get the degree? Is it preferable to do it from any specific state in the US?

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31 Replies

Krunal Raichura (Financial Advisory) (2134 Points)
Replied 25 March 2009

The CPA is related to the US GAAP.

The world is moving to IFRS, so I don't think CPA is a good idea. US is into big problems, and it is difficult to find opportunities there. Instead do something which would help you become an IFRS professional. It will give you lot many opportunities than US CPA would do.

As I believe you are an article trainee, my advice is that you can join a big 4 if possible. There are lot of big 4 clients adopting IFRS. Recently they have started lot of internal training sessions for IFRS for their staff. From my experience as article trainee, I can say that the best choice you could make is go for big 4 or industrial training with a company adopting/adopted IFRS. If its adopting, then thats better, there will be more learning. You will get practical experience as you will get a chance to work on IFRS assignments. I am sure by doing this you would be in a very good position on qualifying and will have many big offers before time.

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Krunal Raichura (Financial Advisory) (2134 Points)
Replied 25 March 2009

In addition to the above, you could also see the topic, "Discussion on IFRS which is posted in the forum.

Siddhartha (Chartered Accountant) (31 Points)
Replied 25 March 2009

I am a chartered accountant working in EY Kuwait. In my opinion CPA USA is a best course if you want to move to middle east, as it is valued like anything in middle east. It is also valued greatly all over the world and according to SEC, US is going to adopt IFRS, so I think CPA will also inculcate the IFRS in their curriculum.

You can do ACA, London & CPA Australia after qualifying ur CA, but if you want to enhance ur qulification before qualifying CA then CPA US is the best course in my opinion. May be you cant get job in US by CPA US but you will be recognised everywhere around the world.

If you want any more clarifications mail me @ casiddhartha @ gmail.com

Vidhyashankar (CA) (1292 Points)
Replied 29 March 2009

Originally posted by :Krunal Raichura
"	The CPA is related to the US GAAP. The world is moving to IFRS, so I don't think CPA is a good idea. US is into big problems, and it is difficult to find opportunities there. Instead do something which would help you become an IFRS professional. It will give you lot many opportunities than US CPA would do. As I believe you are an article trainee, my advice is that you can join a big 4 if possible. There are lot of big 4 clients adopting IFRS. Recently they have started lot of internal training sessions for IFRS for their staff. From my experience as article trainee, I can say that the best choice you could make is go for big 4 or industrial training with a company adopting/adopted IFRS. If its adopting, then thats better, there will be more learning. You will get practical experience as you will get a chance to work on IFRS assignments. I am sure by doing this you would be in a very good position on qualifying and will have many big offers before time.	"

This is not a good advice as US CPA has also incorporated IFRS Syllabus into its study pattern.I myself am an MBA from USA and know better about CPA as Im registered with the course too.Indian CAs also get their exemptions maximum if they try from Colorado state and then can sit for the Uniform CPA anywhere while registering from that state.

US CPA forms a fantastic value addition to the Indian CA and is in high demand not only in USA but also all over the world as a singular qualification recognized worldwide.

I request Indian CA members to appreciate this fact and not groove into age old jealousies which we Indians have regarding other qualifications or our own members trying to achieve globally.

IFRS Work experience as you say can come later as a Career enhancement once one gets the US CPA qualification in hand.It too requires dedicated learning and giving the new pattern of computerized exams, though not as difficult as our Indian CA.

So, if one can have Indian CA,US MBA, US CPA and then IFRS Work experience as you say, then the world is theirs, even in this economic recessionary scenario.

If I have spoken anything in excess or deviantly please forgive my misdemeanour.

So Long,

6 Like

Dhanashree Muslonkar (Article) (49 Points)
Replied 03 June 2009

Thanks a ton for all the guidance guys.....!!

Dhanashree Muslonkar (Article) (49 Points)
Replied 05 June 2009

Wnted to know more.... as to how to actually go about preparing and planning for taking the CPA exam....is the becker review a good option?..... Also is a CPA from a particular state more valued as compared to the other?