Director - www.cpachamps.com
193 Points
Joined January 2009
Becoming a CPA may be one of the most challenging career tracks but it is also one of the most rewarding. CPA is the highest accounting qualification in the US and is accepted globally.
1) The official name of the CPA Exam is the Uniform CPA Examination. The examination is same for all the 55 US jurisdictions (State Boards of Accountancy). The eligibility varies from state to state. Commerce graduate/ Cost Accountants/ Chartered Accountants are generally eligible for Delaware, Colorado and other few states.
2) The fees for all the four parts of CPA exam is $1,000 approx, it varies little bit from state to state.
3) The CPA exam is a total of 14 hours long computer based exam and is divided into four sections. You can take exam in any order and must pass within 18 months window.
• Business Environment and Concepts (BEC) , 3.0 hours, 85% multiple-choice exam and 15% written communication
• Auditing and Attestation (AUD), 4.0 hours exam, 60% multiple-choice, 40% task based simulation (TBS)
• Regulation (REG), 3.0 hours exam, 60% multiple-choice, 40% TBS
• Financial Accounting and Reporting, 4.0 hours, 60% multiple-choice, 40% TBS
Task Based Simulation (TBS) are short story based problems
4) Registration Process: Identify a state where you will qualify and get your academic qualification evaluated by any of the Foreign Academic Evaluation Agencies recognized by that state. CPA Champs helps student in the registration process for the CPA exam. Visit www.cpachamps.com
5) If you live in Japan, UAE, Kuwait, Bahrain and Lebanon, you will be able to take the Exam without traveling to the US in 2011. The Exam will be offered only in English, and will be the same computerized test as the one administered in the US.
6) Benefits : CPAs are in great demand Globally. The average salary of CPAs are comparable to MBAs from good business schools. The total cost and time is also very less compared to MBA. You can pass CPA exam within 6 – 12 months.
For more details or questions visit www.cpachamps.com or email asha @ cpachamps.com