Certified Public Accountant Course

Certified Public Accountant is the uppermost Accounting diploma in US. It authorizes the proprietor to perform as a CPA in one of the fivety-five jurisdictions in US. The course is under the administration of American Institute of Certified Public Accountants, the board of Accountancy in specific jurisdictions & National Association of State board of Accountancy. The course is like CA course in India, and is intended to make sure that only qualified individuals become CPA's,

Other than practicing in United States, Certified Public Accountants also worked in the areas of financial service, banks, manufacturing & constructions .The help offered by Certified Public Accountants in industry are:

Assurance & Attestation Service
Financial Accountings
Management Consultation & Performance Management
IT used in audit and accounts
Corporate Finance such as Mergers and Acquisitions, initial public offering, share & debt issues
Financial Plannings
Financial Analysis
Venturing of Capitals
Risk Management
Forensic Accounting such as prevention, detection, & investigation of financial frauds)
Tax Preparation & Planning
Estate Planning
Corporate Governances
Income taxes

CPA examination consists of 4 different papers and they are as follows

a) Auditing and Attestation Exam which is of 4.5 hours

The paper includes the knowledge of auditing process, audit standard prevailing in United States & knowledge of attestation. It trains students how to plan the engagements, internal control, informations about documents, reviewing and evaluation of informations.


b) Financial Accounting & Reporting Examination. It is of four hours duration. It consists of MCQ and simulations

Far includes topics like principles of accounting which is in use in United States. It is mainly used in business and non-profit organization, government offices and how to use this skill. It also covers topics like concept & standard of financial statement, different objects in financial statement, different type of transaction & event, accounts & reports of government offices, accounts and reports of non-profit organization & NGO

c). Regulation Examination. It is of three hours duration.

REG includes knowledge of federal taxations, principles, professionals & authorized tasks, business laws, and the skills necessary to apply this knowledge. It also includes ethical & professionals responsibilities, business laws, federal tax process, accounts, federal tax for property transaction, individual tax etc

d). Business Environment and Concepts Examination. It is of 2.5 hours duration . It consists of MCQ.

The examination includes the knowledge of business, accounts, business transactions, attestation, auditing and others. It also includes structure of business, economical concept, financial management, IT, measurement & plannings