Eligibility Criteria for Becoming a US CPA

In the United States, achieving the prestigious Certified Public Accountant (CPA) designation involves following a rigorous professional path set by the American Institute of Certified Public Accountants (AICPA). The CPA credentials are precious because they represent experience in accounting, auditing certified Public Accountants, and taxation. In this blog, we will let you know the eligibility criteria, educational qualifications, and the entire process of US CPAs.

Candidates aspiring to become accountants will learn so many procedures, resources, and planned approaches toward their goal to succeed in the world of CPA! US CPA has become one of the most highlighted careers in the accounting field. It is globally recognized, and many candidates aspire to take the US CPA course because it can prepare and let you take the exam from anywhere. The US CPA designation upholds ethical and professional standards in the accounting industry. CPAs are experts in various US financial and accounting regulations, including US GAAP, US federal income tax, and many others.

Key Takeaways

• CPA

• Who Should Pursue CPA

• CPA Eligibility Criteria

Why and Who Should Pursue US CPA Course?

Understanding why you want to talk up CPA in the United States instead of CA in India is critical. Getting through CA is a severe task, with just a 15% passing rate, but in contrast, the CPA success rate is 51% besides the outcomes of the test. CPA course has a global recognition giving candidates access to positions in accounting companies, including the Big 4. While considering a CPA course does not speed up overseas migration, it greatly improves your chances of success in the competitive US job sector. This deliberate choice recognizes exam difficulty and seeks career potential with the US CPA certification. 

• The US CPA course welcomes people from different backgrounds, not just those in finance.
• The CPA certification requires 150 credit hours
• NorthStar Academy (NSA)  helps you gain extra credit hours with its great study materials and mentors.

CPA USA Eligibility Criteria 2024

The eligibility of the US CPA will be decided by the State Boards of the 55 US states. The requirements for a licensed US CPA vary by state. You can apply for a CPA license in any of the states. You need to remember one thing, that passing the exam is not going to guarantee you a CPA license. Additionally, you need to have relevant professional experience. CPA qualification signifies mastery of rigorous educational and professional standards in accounting

The following are the basic criteria you need to follow to become a licensed US CPA, as demanded by the US state boards in the US.

• Hold a bachelor’s degree
• Minimum of 120-150 credit hours
• Crack the CPA exam
• 2 years of relevant work experience
• Clear the state’s ethics examination

Not all states will have ethics examinations. Each one will have their own ethics exam. Additionally, each state will have its terms and conditions and work experience as well. Have a clear understanding of the state’s requirements. The states in which you can apply to be a US CPA from India are Washington, Guam, Alaska, Pennsylvania, and Montana.

Scheduling Your CPA USA Exam

Identify the nearest prometric test center for your CPA exam, and schedule it with the help of using Notice to Schedule (NTS). In India, Prometric centers are in eight cities: New Delhi, Mumbai, Hyderabad, Ahmedabad, Bangalore, Chennai, Calcutta and Trivandrum.

The CPA exam is conducted regularly. Candidates can choose exam dates flexibly. I am sure that aspirants will have more time to prepare and schedule tests with their readiness. Also, stay updated on the dates of the exams for a smooth exam experience.

Comprehending US CPA Modules

The CPA exam comprises three main subjects, with each section having an allotted time of 4 hours. Below are the three exams:

• Auditing and Attestation (AUD)
• Financial Accounting and Reporting (FAR)
• Regulation (REG)

Additionally, there are three optional subjects in that one which candidates have to choose compulsorily to specialize. In total candidates will write 4 exams and must try to pass all four sections within 30 months. This part has been very exciting information since it was implemented by NASBA! The exam time has been extended, and it is now possible to write exams for those who find it difficult to study and work at the same time. Aspirants may consider and complete each portion more deliberately rather than feeling hurried to meet the time constraints.

•  Business Analysis and Reporting (BAR)
• Information Systems and Controls (ISC)
• Tax Compliance and Planning (TCP)

The pattern of the CPA exam is multiple choice questions which count 50% and task-based questions which count the other 50%. To pass each section, you must have a 75% or higher score.

Study Plan and Best CPA Faculty

The most important part is to have the right study plan to prepare for the US CPA exam. Compared with CA, CPA is more flexible to pass but still, you need to put in hard work and dedication. The first step is to find the right institute to get trained. Practice exam papers from past years, use flashcards and join in group studies. Choose the right materials to study.

Notably, Mr. M. Irfat sir of NorthStar Academy stands out as an excellent faculty. Improving candidates' learning experience and increasing the chances of success in the CPA path with the help of the right academy like NorthStar Academy. Ideally, you should be able to clear the CPA exam in 18 months.

If you need additional information or wish to verify your eligibility please reach out to us @+91 8147471717.

US CPA Certification and Career Opportunities

The US CPA certification is an important certification that opens up a wide range of successful career possibilities. It is worldwide recognized and demonstrates a high degree of accounting and financial skills. CPAs are important in various areas such as business, public accounting, corporate finance, government administration, and non-profit organizations. The designation displays a dedication to professional quality, ethical standards, and accounting and financial accounting.

The CPA USA degree opens up numerous opportunities to work for some of the most prestigious companies all over the world. Becoming a CPA can lead to a wide variety of job opportunities in areas including forensic accounting, government accounting, non-profit accounting, and academia. The job opportunities with competitive salaries have room for personal growth and job stability.

Pursuing a CPA designation opens doors for many opportunities in various sectors including public accounting. Corporate finance and advisory, tax and cost accountant, compliance auditor, and budget analyst, with median salaries for freshers exceeding 6-12 LPA, p.a. In one’s career growth.

CPAs career advancement has many prospects and opportunities from entry-level positions to senior management roles, CFO in corporate settings, or principal advisor in financial planning. Continuous learning in CPAs keeps the forefront of professional development for their sector for continuing success in career growth.

 Below is a list of some US CPA career opportunities

• Public Accounting
• Corporate Accounting
• Financial Advisor
• Compliance Auditor
• Tax Accountant                                         
• Cost Accountant
• Accounting Professor
• Budget Analyst

Conclusion

Earning the US CPA certification offers a clear professional; path with globally recognised benefits. Candidates must pass the CPA exam to earn their CPA designation. The CPA USA not only displays the accounting profession but also opens doors for foreign job opportunities. 

The exam’s mobility and globally recognized credibility make it a compelling option in the finance and accounting industry. Choosing NorthStar Academy for learning and guidance improves your professional career growth.