CPA Course: Become a Globally Qualified Professional with VGLD

A Certified Public Accountant (CPA) is a globally recognised degree that opens doors for accounting professionals in the fields of private equity firms, investment banks, accounting firms, auditing firms, hedge funds among many others. This qualification allows one to practice as a licensed and certified accountant in countries such as Australia, Canada, the USA and New Zealand, among other reputable places globally.

The full form of CPA is Certified Public Accountant, and in order to become CPA certified, it is necessary to complete all the qualifying examinations and work experience as described in the CPA course details. It is highly recommended that individuals who are in the process of preparing for CPA certification undertake a CPA course in order to make their preparation more structured and feel much more confident in their approach towards their examinations.

US CPA course syllabus

The US CPA exam has three core subjects, namely Financial Accounting and Reporting (FAR), Auditing and Attestation (AUD), Taxation and Regulation (REG) along with three discipline subjects that are Information Systems and Controls (ISC), Business Analysis and Reporting (BAR) and Tax Compliance and Planning (TCP). It involves one examination that covers different topics of the subjects mentioned below.

There are various types of questions in the form of multiple-choice questions (MCQs), task-based simulations (TBSs), and written communication tasks (WCT), wherein MCQs hold 50% weightage and the simulations have the remaining 50%. It is a four-hour test with four sections as described below and an individual is required to complete all the sections in a period that depends on the state board.

The following are the different topics covered under each of the four subjects in the CPA examination, along with their weightage.

While the breakage of multiple-choice questions, task-based simulations, and written communication varies from subject to subject, it is necessary to be well prepared and thorough with all the topics of each subject, depending on their weightage.

US CPA Job Responsibilities

The major job role responsibilities of a CPA professional involve managing and planning the financial goals of an organisation or individuals as a financial advisor. A CPA mainly focuses on the following roles in the organisation:

• Identify and resolve any financial issues.
• Manage the budgeting of projects.
• Audit financial statements and make sure they are compliant
• Balance financial records
• Create, organise, and update accounting records.

While these are some of the core duties and responsibilities of a CPA, there are many other duties and roles that they play in an organisation that make a US CPA a valuable asset to any business.

Benefits of a US CPA

There are numerous benefits of a US CPA. You can get global recognition and even upscale career opportunities worldwide. The following are some of the benefits of becoming a CPA certified:

• Global Prestige and Recognition: Becoming a certified public accountant can increase one's prestige and make them globally recognised because of the international nature of this qualification.
• Variety of Career Options: From making a career in equity firms to getting employed in MNCs & Big4s, the CPA qualification gives an individual the choice to choose from a wide range of career options with good pay.
• Good Pay Package: The CPA qualification involves a one-time investment with good returns. If an individual gets CPA certified, they get a good salary package. A CPA professional, on average, makes around INR 10-12 LPA, depending on their years of experience, skills among other things.
• Job Security: Only a US CPA can audit financial statements in the US and US-based companies in India. Regardless of which country or city you work in—Dubai, India, the US or Canada—you will always have so many opportunities.
• Black Belt Accountant: CPAs are also known by the title of "black belt of accounting". US CPAs are called Indian CAs of the US because the CPA also has a super tough examination just like CA. This is the reason why the US CPA certification is considered to be one of the most advanced accounting certifications.