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Where a signature represents a commitment to excellence in audit, taxation, and financial advisory services, ensuring organizational integrity and accountability.
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The US CPA (Certified Public Accountant) designation is a prestigious credential recognized globally for accounting professionals who possess expertise in Financial Accounting, Reporting, Taxation, Auditing, and Business Advisory Services.
CPAs play crucial roles in ensuring Financial Transparency, Integrity, and Compliance within organizations. They are trusted advisors known for their comprehensive understanding of accounting principles and regulations.
US CPAs are highly sought after in various industries, including Public Accounting Firms, Corporate Finance, Government Agencies, and Nonprofit Organizations. Achieving CPA certification involves rigorous education, professional experience, and passing the CPA Examination, which assesses proficiency in accounting knowledge and skills.
Earning the US CPA credential demonstrates commitment to excellence in accounting and opens doors to diverse career opportunities, from audit and assurance to financial management and consulting.
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| For Professional Members | Cost |
| CMA Entrance Fee ( Non-refundable) | $280* [INR 21,000 – 22,000] |
| Exam Fee | $460 per part [INR 35,000 – 36,000] |
| For Student/ Academic Members | Cost |
| CMA Entrance Fee | $210* [INR 16,000 – 17,000] |
| Exam Fee | $345 [INR 26,8000 – 27,000] |
| Exam Structure | Part 1 and Part 2 |
| Number of Questions | 100 in Each Part |
| Duration | 4 Hours |
| Part 1: Financial Planning, Performance and Analytics | Weightage |
| Technology and Analysis | 15% |
| Internal Controls | 15% |
| Cost Management | 15% |
| Performance Management | 20% |
| Planning, Budgeting and Forecasting | 20% |
| External Financial Reporting Decisions | 15% |
| Part 2: Strategic Financial Management | Weightage |
| Financial Statement Analysis | 20% |
| Corporate Finance | 20% |
| Decision Analysis | 25% |
| Risk Management | 10% |
| Investment Decisions | 10% |
| Professional Ethics | 15% |
Candidates are free to attempt parts 1 and 2 in any order they like
On average, it takes about 3 - 9 months to become a US-CMA including the time taken to complete the exams and the article ship training.
In India, the total cost can range from INR 2,00,000 including registration fees, examination fees, and study material costs. Coaching fees can range from 1-2lakhs INR.
The average salary of a US-CMA can vary widely based on location, industry, and experience. In India, fresh US-CMAs can expect starting salaries ranging from INR 5,00,00 - 7,00,000 lakhs per annum. Experienced professionals can earn significantly higher, especially in specialized fields
For registration it will cost around $177 and for exam $ 150-200.
CPA Exam structure
| Paper | Course | Duration |
| Paper-1 | Financial Accounting & Reporting (FAR) | 4 Hours |
| Paper-2 | Auditing & Attestation (AUD) | 4 Hours |
| Paper-3 | Regulation (REG) | 4 Hours |
| Paper-4 | Business Analysis and Reporting (BAR) | 4 Hours |
| Paper-5 | Information Systems and Controls (ISC) | 4 Hours |
| Paper -6 | Tax Compliance and Planning (TCP) | 4 Hours |
CPA Syllabus in India
| Paper | Subject | Topics |
| Paper-1 | Financial Accounting & Reporting (FAR) | Financial Reporting (30-40%) Select Balance Sheet Accounts (30-40%) Select Transactions (25-35%) |
| Paper-2 | Auditing & Attestation (AUD) | Ethics, Professional Responsibilities and General Principles (15-25%) Assessing Risk and Developing a Planned Response (20-30%) Performing Further Procedures and Obtaining Evidence (30-40%) Forming Conclusions & Reporting (15-25%) |
| Paper-3 | Regulation (REG) | Ethics, Professional Responsibilities and Federal Tax Procedures (10-20%) Business Law (15-25%) Federal Taxation of Property Transactions (5-15%) Federal Taxation of Individuals (22-32%) Federal Taxation of Entities (23-33%) |
| Paper-4 | Business Analysis and Reporting (BAR) | Business Analysis (40-50%) Technical Accounting and Reporting (35%-45%) State and Local Governments (10-20%) |
| Paper 5 | Information Systems and Controls (ISC) | Information Systems and Data Management (35%-45%) Security, Confidentiality and Privacy (35%-45%) Considerations for System and OrganizationControls (SOC) Engagements (15-25%) |
| Paper 6 | Tax Compliance and Planning (TCP) | Tax Compliance and Planning for Individuals and Personal Financial Planning (30-40%) Entity Tax Compliance (30-40%) Entity Tax Planning (10-20%) Property Transactions (disposition of assets) (10-20%) |
The minimum salary for a CPA is Rs 7.6 lakh per annum.
Exam eligibility:
Certificate Eligibility:
| Part 1 | Individuals |
| Part 2 | Businesses |
| Part 3 | Representation, Practices, and Procedures |
Generally, the Knowledge level exams are conducted on the basis of Demand.
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