CPA US in India- How Effective is CPA US in India without CA Must Know Differences - Uplift Professionals -FY 2022
HOW EFFECTIVE IS CPA US IN INDIA
WITHOUT CA? MUST KNOW
DIFFERENCES !!
- UPLIFT PRO [ FY 2022]
Offered by Uplift Pro- Leader in US CPA course training
https://www.upliftprofessionals.in
WHAT IS US CPA COURSE ?
● CPA US course is one the most sought accounting qualification across the globe. In
India, a CPA US holder is considered as equivalent to the Indian CA. Since
US CPA course has worldwide acceptance, its scope is not restricted to one particular
country. Hence a US CPA holder has plenty of job opportunities worldwide. The
attractive part of the course is that it can be completed in a year. Another, key
change is that the bodies involved in smooth conducting of US CPA exams in India,
namely, American Institute of CPAs (AICPA), National Association of State Boards of
Accountancy (NASBA) have announced to continue CPA exams test centers in India. In
this article, we have also mentioned about the US CPA course fees and factors
associated with it.
INTRODUCTION
● Professionals often face a dilemma when it comes to selecting their accounting
career, particularly in India. There are two prestigious accounting credentials namely
US CPA and Indian CA. There is no conflict between the these two courses, but some
differences exist.
● The pertinent question is whether a CPA without CA is really effective in an Indian
context ? It often comes to mind whether one can pursue CPA without CA and do such
journeys bring effectiveness? The short answer is Yes – one can do CPA US course in
India without completing CA which is also very effective. To address this, let’s see the
differences between the two courses.
INTRODUCTION
● Professionals often face a dilemma when it comes to selecting their accounting
career, particularly in India. There are two prestigious accounting credentials namely
US CPA and Indian CA. There is no conflict between the these two courses, but some
differences exist.
● The pertinent question is whether a CPA without CA is really effective in an Indian
context ? It often comes to mind whether one can pursue CPA without CA and do such
journeys bring effectiveness? The short answer is Yes – one can do CPA US course in
India without completing CA which is also very effective. To address this, let’s see the
differences between the two courses.
DIFFERENCE BETWEEN CPA US COURSE AND CA
● CPA stands for Certified Public Accountant and these exams are conducted by
American Institute of Certified Public Accountant (AICPA) and this course takes a
minimum of 7 months and a maximum of 1 year to complete.
● CA stands for Chartered Accountant. The exams are conducted by Institute of
Chartered Accountants of India (ICAI) and this course takes an average of 4 to 5 years
to complete.
Most important question is whether CPA US course benefits the career path or
CA?
● 1. There is no clear winner because both qualifications helps to develop technical and
accountancy, and business management skills.
● 2. Both CPA and CA holders tend to be equally spread across commercial and public
accounting – so each qualification provides maximum flexibility to work across the
industry.
ELIGIBILITY CRITERIA
● It is to be noted that CPA US course are concerned with US auditing and GAAP . CA is
concerned with corporate legal needs, taxation, and other difficulties. CPAs have a
thorough knowledge of GAAP, which is why many global firms located in the United
States hire them.
● CPAs are recognized as professionals who perform public accounting and financial
services by the AICPA. Having a solid clench of accounting concepts, CPAs appear
more professional, experienced, and talented in the accounting field.
ELIGIBILITY CRITERIA
CPA US course CA
If you wish to appear for Certified Public If you want to appear for Indian CA
Accountant Examination, you need to Examination you need to appear for
clear Bachelors in Commerce (B. Com) Common Proficiency Test (CPT) after
with a first-class or you need to have a appearing in Senior Secondary
Bachelor’s in Commerce and also a Post- Examination (recognized by the Central
Graduation Degree. Government of India.
If you have Indian CA’s designation with CPT Examination is held in June &
B. Com than also you can appear for CPA December every year. Hence the first step
examinations. Also, checkout Careers you need to do is you need to register for
after B.com Common Proficiency Test 60 days
ELIGIBILITY CRITERIA
● It is to be noted that CPA US course are concerned with US auditing and GAAP . CA is
concerned with corporate legal needs, taxation, and other difficulties. CPAs have a
thorough knowledge of GAAP, which is why many global firms located in the United
States hire them.
● CPAs are recognized as professionals who perform public accounting and financial
services by the AICPA. Having a solid clench of accounting concepts, CPAs appear
more professional, experienced, and talented in the accounting field.
BENEFITS OF THE CPA LICENSE
● In is this section, let us discuss the benefits in having a CPA credential, especially for
professionals who plan to work with US-based companies.
● 1. Firstly, the CPAs have a deep understanding of US GAAP (Generally Accepted
Accounting Principles) and US federal income tax.
● 2. Secondly, they are comfortable with other accounting documentation used by
companies that are publicly traded on US markets.
● In many states, only CPAs can sign an audit report on behalf of an accounting firm.
Further, some states dictate that only CPAs can provide compilation services.
● Many big corporations strongly prefer their senior financial professionals to have a
CPA qualification to show their knowledge and expertise in the accounting field. The
CPA license is globally recognized.
● Moreover, international employers understand that the content of the CPA Exam
focuses on United States accounting laws, regulations, and practices.
INDIAN CA
● Like CPAs, CAs (or chartered accountants) must pass the CA Exam and meet
experience benchmarks that have been established in their country. CAs are experts
in the IFRS (International Financial Reporting Standards) and other international
accounting standards. T
● The role of Indian CAs is very similar to that of CPAs in the United States. However,
the main difference is that Indian chartered accountants’ services are limited to India,
while the CPA US course credential is recognized around the globe.
INDIAN CA ELIGIBILITY FOR US CPA COURSE
● Let’s review some common situations for Indian accounting professionals and how
they can meet the education requirement for the US CPA.
BCOM Only
● The BCOM (or Bachelor of Commerce) is a common degree for Indian professionals
wishing to go into the accounting field. The degree is worth about 90 US credit hours,
you will need an additional degree or other education hours to get your CPA license.
You could consider an MCOM or a related master’s degree in accounting or taxation.
MCOM Only
● In case of candidates with master’s degree in an accounting field such as the MCOM
(Master of Commerce); they will have no problem in getting qualified for the US CPA
exam. The educational level is sufficient to fulfill the general higher education
requirements.
INDIAN CA ELIGIBILITY FOR US CPA COURSE
BCOM + CA
● Professionals having BCOM and the CA credential, however, it is getting a lot tougher
to get qualified as a CPA. In the past, some US jurisdictions considered the CA to be
worth 40 US education credit hours.
● With a 3-year BCOM (equivalent to 90 hours) and a CA (previously equivalent to 40
hours), candidates could reach the 120 hours required to sit for the US CPA exam in
most states. Then, they could take a few extra courses to meet the 150-hour
requirement to get the CPA license.
● Since an overhaul of the standards in 2012, most Boards of Accountancy
changed their interpretation of the CA qualification.
● Most states view the CA as an “experience qualification” rather than an
“academic qualification.”
CAREER OPPORTUNITIES
CPA US course CA
CPA designation will open a door of wide
varied options.
Similarly, CA Designation will also provide
After getting your CPA certification you can you many options in the specialized areas of
work under various accounting fields such as accounting such as Auditing, Taxation,
International Accounting, Internal & External Corporate Finance, Corporate Laws.
Auditing, Consulting Services, Forensic
Accounting, Assurance services, Taxation & After getting your CA Certification you can
Financial Planning, etc. either work in the existing top firms of
Accountancy or you can start your own
With its global recognition, you will find the independent professional practice.
best place to work anywhere in many
countries.
SALARY COMPARISON
CPA US course CA
A Chartered Accountant (in India) earns a salary
of INR 6,08,976 per year on an average.
The average salary earned by the CPA
Skills that are associated with high pay for this
Professionals (in India) is found to be INR
job are Evaluation and Management Auditing,
7,68,552 per year.
Budget Management, Financial Analysis, Strategic
Accounts, and Financial Advisor.
Most people move on to other jobs if they have
more than 10 years’ experience in this field.
People in this job generally don’t have more than
10 years’ experience. Experience strongly.
Influences income for this job.
DEMAND FOR US CPA COURSE IS INCREASING IN INDIA
● In the past few decades, many multinational companies have increased presence in
India. Often, the financial reporting of Indian business needs to be integrated with
global accounts (US GAAP or IFRS).
● As a result, accounting professionals need to be familiar with multiple standards.
● In the past, MNC’s relied on Indian CAs for accounting services. On-the-job trainings
ensured that Indian accounts met the US GAAP standards .
● However, many Indian CAs received inadequate training and supervision in US
standards. Therefore, errors and inconsistency were common in accounting reports .
Further, these oversights created issues with the SEC (U.S. Securities and Exchange
Commission) and other US regulatory bodies.
● CPAs are needed for US GAAP reporting and for general controller roles for US
subsidiaries in India. Global Indian companies publicly listed in the US require US
CPAs for quarterly and annual financials. They rely on CPAs for conformity with the
Sarbanes-Oxley Act and other compliance reporting.
CONCLUSION
● Going back to the essence of the topic, the answer is yes.
● CPA without CA is quite effective in terms of career. Both courses have their own pros
and cons. It is not an easy task to opt between CPA & CA as both have a successful
career.
● Candidates planning to work abroad or in a multinational company, should consider
CPA US course. Alternatively, if you want to start your own audit practice in India, opt
for CA.
● CAs have an edge over CPAs in the areas of taxation and corporate laws.
Professionals planning to work for a company which is traded on the US market,
should consider acquiring the CPA US course.
● Considering the longer duration and low pass rate in CA exam, US CPA offers a fruitful
and valid option for Indian accounting professionals .
● It can be stated that CPA without CA is equally effective in career building potential of
accounting professionals. US CPA course can stand alone without the CA as the
credential and career scope of the former is global.
ABOUT THE TOP CPA US COURSE TRAINING INSTITUTE IN
INDIA, AFRICA, AND MIDDLE EAST – UPLIFT PRO
Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA, Enrolled
Agent US, ACCA UK courses in India, Africa, and Middle East. Our team consists of
seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and
ULCA who have decided to provide a strong backup to young ambitious students and
professionals to reach their desired career destinations in an organized way.
Uplift Pro, is an authorized partner of Gleim in India, provides you with authentic Gleim
materials, updates and Live Online Interactive Classes for CPA US by internationally
experienced veteran mentors. All at an Indian Cost.
SOME OF OUR EXCLUSIVE FEATURES INCLUDE
● Affordable US CPA course fees
● CPA certified veteran TEAM of faculties
● Live online classes ensuring that the regular office working hours is least impacted.
Moreover, they provides class recordings.
● 1:1 personal support from our 30 plus years of experienced CPA certified faculties
ensuring that all our students pass the US CPA course
● “Till you pass” guarantee assuring that students can attend our live online classes at
no extra cost until you pass
● Premium study materials with practice questions bank enabling students to pass the
US CPA exam in India and rest of the world
● Administrative guidance on US CPA evaluation procedure
● Placement assistance
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Location - Kolkata, India
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Website - https://www.upliftprofessionals
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