What is AICPA
American Institute of Certified Public Accountant (AICPA) has the largest member toll of associated accounting professionals worldwide. Since 1887 the association has been developing and scoring the Certified Public Accountant examination. Institute has more than 431,000 members in 130 territories and countries practicing in business and industry, government, public sector, consulting and education.
How to become AICPA member:
To meet the needs of CPA profession AICPA provides four types of memberships.
With Uniform CPA exam qualification these members don’t have state authorized credential.
What are AICPA training courses:
AICPA is globally recognized because of its certifications and the most acknowledged certification is CPA credential. Here is the list of most recent CPA certifications.
- Finance Transformation Certificate Program
- Data Analytics Certificate Programs
- Single Audit certificate Programs
- International Financial reporting Standards (IFRS) certificate program
Why to choose CPA:
The CPA course offers unlimited possibilities as an ultimate qualification and lets you to demonstrate your potential in the accounting field. CPA is the dream of many professionals and there are uncountable reasons to motivate you for CPA certification.
With a bachelor’s degree this certification is cherry on the top for accounting professionals. Candidates are able to apply their expertise and skills in the top industries and are even authorized to impact the policy changes in the organization. After becoming the certified, deserving personals begin their career with auditing & accounting firms, Investments banks, research firms, hedge funds, commercial banks, mutual funds, merger & acquisition, private equity firms and others.
Instead of other principles exams CPA exam includes 4 papers and it’s the single level exam. By making a flexible schedule one can easily take the exam in less than a year.
CPA Course Requirement:To appear in Certified Public Accountant examination candidates must have education and experience. Bachelor’s degree was considered enough in the past but now because of proliferation of new compliance laws and regulations the resulting body of knowledge can’t be covered in a 4 years degree program. Therefore, AICPA has managed its educational criteria in response to recent changes in industry. With 120 credit hours of baccalaureate program, additional 30 hours for graduate-level-instructions are preferred.
What is CPA Course Syllabus:Exam syllabus for CPA contains 4 parts. Each part has its own syllabus and exam. CPA exam sections are listed below:
- Auditing and Attestation (AUD)
- Financial Accounting and Reporting (FAR)
- Regulation (REG)
- Business Environment Concepts (BEC)
CPA Exam process:The application process is more tedious than the exam itself. The CPA exam application process is more different than CPA licence. After passing a uniform CPA exam with a least passing score of 75, one is eligible to apply for a licence as a Certified Public Accountant. When you have eligibility criteria for the designation you are interested in, now is the time to pay the application and examination fees. With all required documents and endorsement, a CPA application should be submitted with application fees and charges. After completion of all this procedure make a consistent schedule to prepare for the 14 hours exam.
|CPA Course||Exam Pattern||Exam Duration|
|Auditing and Attestation||72 MCQs plus 8 task-based simulations||4 Hours|
|Business Environment and Concepts (BEC)||62 MCQs 4 written communication tasks 3 written communication questions||3 Hours|
|Financial Accounting and Reporting (FAR)||66 MCQs 8 task-based simulations||4 Hours|
|Regulation (REG)||76 MCQs 8 task-based simulations||3 Hours|