What is U.S CPA exam and how to pass it?
Today, most multinational companies and accounting firms are hiring U.S. CPAs to handle their U.S. accounting, audit, and regulatory requirements. With the widespread adoption of the International Financial Reporting Standards (IFRS), the demand for U.S. CPAs is on the rise. So, if you are looking for an illustrious career in accounting, a CPA course is the best option for you. However, cracking the CPA exam is not a cakewalk. If you are considering becoming a Certified Public Accountant (CPA), you must first pass the Uniform CPA Examination. You can opt for a CPA exam preparation course to help yourself in getting a license to become a CPA. Let’s learn what the CPA examination is all about.
What is the U.S CPA exam?
A Certified Public Accountant is the highest level of competence in the field of accountancy across the world. The American Institute of Certified Public Accountants (AICPA) administers the CPA examination. AICPA is the world’s largest accounting body.
The U.S CPA exam: An overview
The U.S CPA examination has been categorised into four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). You must pass all four sections within 18 months and score at least 75 on each paper.
The question paper of the CPA exam covers multiple-choice questions (MCQs), written communication, and task-based simulations.
Notably, you can sit for the CPA examination anytime throughout the year. This regulation came into effect on July 1, 2020. You can take the exam at any Prometric centre where the exam is offered. Moreover, an additional fee is required for international locations.
Determine your eligibility
The education qualification for CPA exam eligibility varies across states or jurisdictions, but the prime requirement is that a candidate must have completed a bachelor’s degree or 120 college credit hours. Apart from this, if you have completed all the undergraduate and graduate-level classes in accounting, business law, and general studies that are required by your state, and hold some work experience, up to 12 months or more, then you are ready to take the Uniform CPA Examination.
How will the CPA exam preparation course benefit you?
Certified Public Accountants are globally recognised as premier accountants and are hired by industries across the world. To become a part of this niche group, you need to crack the examination, which is quite tough.
The CPA exam preparation course will help you gain a comprehensive understanding of how the technical aspects of accountancy integrate with corresponding skills. It is useful in acquiring a well-rounded knowledge of how a business works. You will learn to apply accounting principles to private and public sector entities and explore aspects of regulation.
From where to pursue the CPA exam preparation course?
London is known for its high-quality education and is a popular destination for international students, who want to study abroad. Few of the top-ranked universities in London offer comprehensive online packages of U.S. CPA Exam Review materials to help accounting professionals to gear up for exams. With a CPA exam preparation course, become a licensed Certified Public Accountant. Enrol in it, now!