EARN THE CPA DESIGNATION
CPA (Certified Public Accountant) is the highest accounting credential in the United States.
CPA ensures global recognition for accounting & finance professionals.
With academic content organized over just 4 exam parts and the goal achievable in less than 12-16 months,
the CPA designation offers an extensive value proposition:
Global Credibility
Strong Knowledge Base - Auditing, Accounting (US GAAP), Finance, Tax
Significant career progression opportunities with Big 4 and MNCs
Leadership skills, International perspective, Elite professional network
CPA Course USPs:
Miles CPA Review offers personal counselling to enable you to understand and appreciate the role of the CPA course in the advancement of your career. The first-hand experience of its lead instructors (including Varun Jain, CPA, CMA, Harvard B-School alumnus) coupled with the extensive research carried out by the academic team in the course offers you the best advice and support throughout the entire process of becoming a CPA.
Academic advantage (4 parts, single-level exam, objective-pattern exams)
Convenience (Exam locations including India, Middle East & US, computerized online exams, exams held throughout the year)
Short course duration (can be completed within 12-16 months)
India's Best CPA Training Institute
For international CPA candidates,
the US CPA designation can be summarized as:
Single-level exams with only 4 exam parts (vs. multi-levels & exam parts on CA)
Roadmap of 12-16 months
(vs. 4-5 years for CA)
International testing centers in India, Middle East, Japan, Europe, and Brazil
CPA EXAM ELIGIBILITY = 120 CREDITS
The Uniform CPA examination is conducted by the AICPA (American Institute of Certified Professional Accountants), which is the world's largest accounting body. AICPA offers membership to all candidates who successfully clear the CPA exams.
However, given the fact that the CPA license is a professional license in the US, it is issued by one of the 55 states or territories of the United States all of which are members of NASBA (National Association of the State Boards of Accountancy).
Miles has a dedicated CPA Gameplan team comprising of CPAs who will advise regarding your CPA eligibility, selecting the Board of Accountancy (i.e., state) to which you should apply to sit for the CPA exams, and also guide you for your foreign academic credential evaluation with an appropriate evaluation agency.
Minimum education requirements for US CPA exams and license:
CPA Exams =
120 credits
CPA License =
150 credits
Few Points To Note:
- General rule: Every year of university education in India is equivalent to 30 semester credits of US education.
- Some state boards award credit for international professional qualifications like CA.
- In the case of CPA candidates from India, generally 3-year commerce graduates from NAAC-A universities who have scored the first division are qualified to take the Uniform CPA exam.
For non-eligible candidates, Miles facilitates “online” bridge courses. The 2 years diploma is from Jain (Deemed-to-be University) NAAC-A-rated Universities and can be pursued by candidates across the globe. The content is fully integrated with the CPA exam curriculum (which means no extra studies!). This diploma awards 60 credits. Click here to know more.
ROADMAP TO CPA:
4 EXAMS = 4 MILESTONES
Financial Accounting & Reporting
- US GAAP
- 4 hour exam (50% multiple choice and 50 % simulations)
Auditing & Attestation
- Auditing Standards & Procedures
- 4 hour exam (50% multiple choice and 50 % simulations)
Regulation
- US federal taxation & business law
- 4 hour exam (50% multiple choice and 50 % simulations)
Business Environment & Concepts
- Business transactions
- 4 hour exam (50% multiple choice, 35% simulations and 15% written)
Key Pointers
1
Objective pattern – FAR / AUD / REG = 100% objective | BEC = 85% objective
2
Passing score of 75 on each part (on a scale of 0-99)
3
Global Pass Rate > 50%
4
18 months to clear from date of clearing 1st exam
5
ANYTIME: Exams held throughout the year
6
ANYWHERE in the US or few international locations (Middle East, India, Japan, Brazil)
Why Only 2-4 exams for
US CPA/CMA certifications?
- US professional qualifications “complement” university education – e.g., to be a CMA, CPA or CFA, a university degree is mandatory
- Therefore, these are crisper in content and focus only on skill-gaps that are needed to be a F&A professional
- Designed to be pursued alongside a full-time job and to facilitate the career progression for professionals
- Various non-US professional qualifications tend to“substitute” university education – e.g., you can be a CA in many countries without any university education
- Therefore, these are lengthy and also encompass what a candidate would have covered (or simultaneously covers) in a university degree
DESTINATION CPA:
4Es FOR CPA LICENSE
Just passing the CPA exam does not make you a CPA – you need to fulfill the other 3 Es:
Education
if required, Miles can help you with a bridge course (PGDPA). Click here to know more
Experience
Miles has full-time licensed CPAs who are able to verify experience for the CPA license
Ethics
Exam from India;
no travel
Get 100% clarity with Miles Education to know what gets you where!
Win the best advice and guidance to reach your CPA destination.
Eligibility: 3+1 E's to becoming a CPA
Note For International Candidates:
- As per regulations, the uniform CPA exam taken in international locations (like India or Dubai), the exam credits lapse unless the candidate is able to get to the CAP license within 3 years of clearing the CPA exam.
- One of the most critical requirements for international candidates is "Experience" and Miles is one of the few review course provider in India with licensed CPAs (including, of course, the Lead Instructor - Varun Jain, CPA) who are authorized to verify the accounting/finance experience of candidates to help them achieve their CPA license.
CPA Exam And License – Cracking The Code!
1
55 State Boards of Accountancy - each authorized to issue the CPA license, and have their own eligibility rules
2
NASBA - the association of the 55 State Boards of Accountancy
3
Global pass rate > 50%
4
AICPA – conducts the “Uniform” CPA examinations
5
Prometric – CPA exam test centers
| CA | CPA | |
|---|---|---|
| ELIGIBILITY - rules decided by: | CA Institute | 55 State Boards of Accountancy [varying rules with different choice of evaluation agencies] |
| EXAM – conducted by: | CA Institute | AICPA [irrespective of state board selection; hence, these are called “Uniform” for the CPA examinations] |
| CERTIFICATE / LICENSE – awarded by: | CA Institute | 55 State Boards of Accountancy [varying rules; but note that ALL the states are substantially equivalent; i.e., license from any one state board is valid across the US and the world] |
CPA CAREER OPPORTUNITIES & PROGRESSION
A career in finance and accounting with the CPA qualification will certainly prove to be extremely rewarding in
terms of increased credibility, opportunities and pay:
CPAs = Black-belt accountants.
Finance and accounting professionals who have achieved expertise beyond a “normal” accountant.
CPAs enjoy global credibility.
CPAs are recognized across the world and work for both US and international companies.
CPAs are in demand and needed everywhere.
At public accounting firms (including Big 4) and at every company whether big or small (including MNCs).
CPAs are indispensable.
Only CPAs can do audits in the US and for US companies. Besides, corporate accountability has become the number one concern for companies and their shareholders.
CPAs are required in all areas of the business world.
Including accounting, auditing, corporate finance, financial advisory, investment banking, corporate governance, tax, IT, and so on.
CPAs are paid better.
Even fresher CPAs annually earn $60,000+ in the US, AED 120,000+ in Middle East, earn INR 10,00,000** in India.
Tens and thousands of Miles Alumni are placed at Top MNCs including BIG 4!
(while/after completing CPA course)
We are partnered with 220 + MNCs - including the Big 4, for training and placements.
BIG 4 & PUBLIC ACCOUNTING FIRMS
F&A CONSULTING
FINANCIAL SERVICES
OTHERS (Includes Global Fortune 500)
Get placed at one of the Big 4!
Advance your career with Top MNCs!
Resolve to be a US CPA in 2023
Add the letters CPA to your name!
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