CPA USA

[cpausaonliningtraining]

Simandhar CPA vs Others | CPA Course Details | US CPA Cost | CPA Exam Eligibility Licence

Everythig Know about Simandhar US CPA Exam Course in India and CPA Eligibility Licence .

There are many aspects that led Simandhar Education to become the largest training provider for the US CPA course in India right from giving quality education to having good placement assistance.

Let us know how Simandhar Education differs from others in providing the best CPA course for the aspirants.

Contact Us: [phone]

or leave a message to us on social media.

Make sure to hit the like, share and subscribe to our YouTube channel to get more updates YouTube Channel: http://bit.ly/2Mt2BB1

Now you can listen to our Podcast at https://bit.ly/36PYQPP

[cpausaonliningtraining]

(via CPA Exam in India | CPA India - Classified Ad)

[cpausaonliningtraining]

(via CPA Exam in India | CPA India - Classified Ad)

[cpausaonliningtraining]

US CPA VS CFA – WHAT IS THE DIFFERENCE?

US CPA (US Certified Public Accountant) is one of the highest accounting credentials administered by the American Institute of Certified Professional Accountants (AICPA).

CFA (Chartered Financial Analyst) is a globally recognized credential in the field of financial management and investment management. The CFA Institute administers it.

Certified Public Accountant:

US CPA exam is a single-level toughness exam. It is divided into 4 parts

BEC – Business Environmental Concepts

FAR – Financial Accounting and Reporting

REG – Regulation

AUD – Auditing and Attestation

The candidates can schedule the exam according to their leisure. Once they get the result of the first exam, they have to clear the remaining parts of the examination within 18 months.

AICPA, the world’s largest accounting body, offers memberships to all the aspirants after they clear all 4 examinations. However, the CPA license is issued by the 55 state boards of accountancy of the US, which are part of the National Association of the State Boards of Accountancy (NASBA).

Each state board has different eligibility criteria that need to be met by the aspirants to take the US CPA exams.

The common eligibility criteria for the exam are

Have 120 credits to take the US CPA exam. It is considered that 1 year of University education in India is equal to 30 credits of US education.

Masters Degree in any of the streams like accounting, commerce, finance.

For the US CPA license/certification, the candidate has to

Pass the Ethics Exam

Require 150 credits for certification

Must have 2000 hours of experience in taxation, accounting, and management consultancy

The US CPA exam has Multiple Choice Questions (MCQs), Task-Based Simulations (TBS), and Written Communication (Essay Type Question).

The candidate needs 75 points or more to pass the examination and become a US Certified Public Accountant.

The US CPAs have many career opportunities in different fields like

Forensic Accounting

Assurance Services

Consulting Services

Financial Planning

Taxation Services

Information Technology Services

International Accounting

Litigation Services

Non-Profit Organizations

Business Valuation And Many more

Chartered Financial Analyst:

The CFA course instils financial management and investment management skills in the aspirant. The course can be completed in 1.5 – 4 years depending on the caliber of the candidate.

The eligibility criteria for CFA is

The candidate must hold a Bachelor’s degree.

Applicants need to have at least 4 years of working experience.

Candidates must have a passport in order to appear for the CFA program exams.

The CFA exam has 3 levels

Level 1: Deals with basic aspects of investment analysis.

Level 2: Deals with the application of investment tools and topics that focuses on different types of asset

Level 3: In this level, the emphasis is laid on all the concepts and analytical methods.

Level 1 and Level 2 exams are MCQ based questions whereas Level 3 exam is essay type based questions.

After attaining the CFA certification, the candidate can choose different career opportunities like

Business Consultant

Market Research Analyst

Chartered Financial Analyst

Investment Manager

Portfolio Manager

Risk Manager

Chief Executive Officer

Difference between US CPA and CFA:

Point of DifferenceUS CPACFACourse DurationWithin 1 year1.5 to 4 yearsAdministered ByAICPACFA InstituteExamination MethodOnlineOnlineExamination Level4 exams3 levelsCourse EligibilityMust have 120 credits(150 credits in some states) from NAAC-A recognized collegesMust hold Bachelor’s DegreeApplicants needs to have at least 4 years of work experience

Conclusion:

With the brief overview of the US CPA and CFA, hope you may have a clear picture of both the Certifications. It completely depends on the candidates that certification or course they opt for based on their interests or backgrounds. Both the certifications have their importance and own values on their own.

To know more details, please feel free to contact Simandhar Education @[phone] or mail us at [email protected].

[cpausaonliningtraining]

HOW TO CHECK MY CPA EXAM RESULTS?

US Certified Public Accountant (US CPA) is a credential given to the individuals who passed the US CPA examination governed by the American Institute of Certified Public Accountants (AICPA).

The US CPA aspirants must meet the relevant experience and educational requirements. The US CPA designation helps to enforce the professional standards in the accounting and finance industry.

When should I expect to receive my US CPA exam scores?

After completion of the US CPA exam, the candidate may have a query: ‘When can I expect my CPA exam results?’

The US CPA exam scores on a rolling basis. The score release dates of the US CPA are shown below:

If you take CPA exam on/beforeYour CPA score release date23rd January9th February15th February23rd February10th March18th March31st March9th April23rd April11th May16th May25th May8th June16th June30th June13th July23rd July10th August15th August24th August7th September15th September30th September12th October23rd October9th November15th November23rd November8th December16th December31st December11th January

Please Note:

For most of the US CPA aspirants who applied for the US CPA, Prometric sends US CPA exam data files to the American Institute of Certified Public Accountants (AICPA) within 24 hours after completion of the exam.

The US CPA exam data files received after the cutoff dates will result in subsequent target score release dates.

If you take the CPA BEC exam section, you will receive your CPA score approximately 7 days following the target release date. It is because the written communication tasks in the BEC exam require additional analysis.

Where do I go to retrieve my US CPA exam score?

You have a query: ‘Where do I get my CPA exam results?’

Here are the details for you:

IL, CA, and MD candidates will obtain the US CPA scores from their accountancy board’s website. Apart from IL, CA, and MD, the rest of the candidates will obtain their US CPA scores from NASBA.

Why can’t we get our US CPA exam results right after finishing the exam?

All systems that are used to verify scores do not exist in the US CPA Prometric test centers.

The candidate’s CPA score for each section is reported on a scale that ranges from 0 to 99.

Your total score in the REG, FAR and AUD is a weighted combination of scaled scores from MCQs and TBS. For the CPA BEC section written communication tasks are also added.

Scaled scores on the Multiple Choice Questions (MCQs) and Task-Based Simulations (TBS) portions of the CPA Exam are calculated by using formulas, but when it comes to verifying written communication questions, they take a lot of time to analyze.

Is 75 passing on the CPA exam?

Your score for each section of the US CPA exam is reported on a scale in the range of 0 to 99. You have to score a minimum of 75 to pass a CPA exam section.

US CPA Eligibility:

People who want to take the US CPA exam or want to have a CPA license need to fulfil the below requirements.

120 to 150 credits from a recognized university/college.

Work experience of 2 years.

Clear Ethics exam.

Age limit: 18+ years.

Conclusion:

Hope this article helps you in knowing the detailed insights on US CPA exam scores. Still, you have any queries regarding US CPA exam scores; you can visit: Simandhar Education. E-Mail Us: [email protected] (or) Call: [phone].

[cpausaonliningtraining]

DIFFERENCE BETWEEN CPA AND CA

DIFFERENCE BETWEEN CPA AND CA

DIFFERENCE BETWEEN CPA AND CA

When it comes to which course is best between CPA and CA, we can say both are good in their places. If you pursue CPA, you can go through international laws, standards, and principles, whereas if you pursue CA, you will get to know more about Indian standards, accounting laws, and principles. One of the greatest advantages of CPA is that CPA credential is recognized globally. Hope these detailed insights of CPA and CA help you choose the best course suitable for your career. If you still have any queries, feel free to comment below.

SIMANDHAR EDUCATION

Simandhar Education is the leading training provider in alliance with Becker professional education for professional courses like US CPA, US CMA, CIA, EA , IFRS and HRCI. Simandhar is present in India, Nepal, Sri Lanka, Bangladesh, Argentina, Philippines, UK & Ireland. Simandhar offers training under the guidance of experts with vast industry experience.

Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry Experts. We’re here to provide you with all the help that you need in order to ace your CPA, CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CPA Exam in India. Contact us@ 91 9390584166.

[cpausaonliningtraining]

IS IT VALUABLE TO PURSUE CPA AFTER COMPLETING INDIAN CA?

Yes, it’s valuable to pursue CPA after completing Indian CA as most of the MNCs are looking for CPAs.

There are many career options for aspirants who want to expertise in the field of finance, accounting, taxation, business etc. that offer good pay and better employment opportunities. Out of many courses, CPA (Certified Public Accountant) and CA (Chartered Accountant) designations conferred to qualified accountants.

Certified Public Accountant (CPA):

A Certified Public Accountant (CPA) is a professional who has passed the Uniform CPA exam administered by AICPA (American Institute of Certified Public Accountants). The designation of CPA enforces good professional standards in the field of accounting. CPAs are experts in US federal income tax, US GAAP, and many other areas of US financial and accounting laws. The CPA certification is respected all over the world, and it’s US designation certifying the professionals in the US accounting to perform taxation and auditing tasks.

Chartered Accountant (CA):

A Chartered Accountant is a professional who has passed the CA exam and the required education in his or her country of certification. There are many organizations that provide education and examination for CAs. A few examples include the Institute of Chartered Accountants of Scotland (ICAS), the Institute of Chartered Accountants in England and Wales (ICAEW), Institute of Chartered Accountants of India (ICAI) and the Canadian Institute of Chartered Accountants (CICA.)

Chartered Accountants in Canada, Australia, New Zealand, Mexico, and Ireland have a reciprocity agreement with the United States. If they can pass an equivalency exam, they can work in the U.S. as CPAs. CAs are experts in IFRS and other international accounting standards. Though they may have a good grasp on US GAAP, they aren’t as trained in this area as CPAs are.

Career Paths: CPA vs CA

Both Certified Public Accountants and Chartered Accountants focus on providing financial services for the clients – either large corporations or small businesses. Areas of expertise include financial reporting, taxation, auditing, and business/managerial accounting. Both CPAs and CAs work in the public and private sectors.

The CPA degree paves countless opportunities to work for some of the most renowned companies around the world.

Becoming a CPA can lead to several career options:

Public Accounting: In public accounting firms, CPAs provide services encompassing accounting, auditing, tax, and consulting services for clients of any size. The auditing of financial statements of public and private companies is a highly coveted job.

Business, Government, and Not-for-Profits: In this broad field, CPAs can hold a variety of positions ranging from financial analysts and staff accountants to CFOs. They are responsible for recording, analyzing, and reporting financial information for organizations. Additionally, they perform budgeting and internal auditing functions.

Specialist: CPAs also provide services in specialized areas. CPAs assist organizations by conducting risk assessments as well as analyzing, implementing systems improvements and revisions, in managing their information technology, including the massive amounts of data collected.

Financial Advisor: CPAs also serve as financial advisors to individuals by making informed financial decisions on their behalf to help them, manage their finances related to home purchases, college savings, starting a business, and retirement planning.

The CPA certification paves countless opportunities to work for some of the most renowned companies around the world.

Mentioned below are some of the best jobs in India for a CPA:

Senior Financial Analyst

Risk and Compliance Professional

Corporate Controller

Accounting Software Developer

Information technology Accountant

Personal Financial Advisor

Finance Director

A Chartered Accountant can pursue a career in the following firms:

Internal Auditing

Forensic Auditing

Tax Auditing

A career in Accounting and Finance

Managing Treasury function

Statutory Audit under applicable statutes

Taxation Advisory (Both Direct and Indirect)

Finance Controller, Bookkeeping

Conclusion:

When it comes to which course is best between CPA and CA, we can say both are good in their places. If you pursue CPA, you can go through international laws, standards, and principles, whereas if you pursue CA, you will get to know more about Indian standards, accounting laws, and principles. One of the greatest advantages of CPA is that CPA credential is recognized globally. Hope these detailed insights of CPA and CA help you choose the best course suitable for your career. If you still have any queries, feel free to comment below.

Simandhar Education:

Simandhar Education is the official partner of Becker professional education and channel partner of AICPA.

The largest  training provider for  US CPA, US CMA , IFRS and EA courses in India. Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry experts. We’re here to provide you with all the help you need to ace your CPA, CMA exams. We are just a call away for any assistance. Contact us@ 91 9390584166.

[cpausaonliningtraining]

Simandhar CPA vs others | CPA Course | US CPA cost | Best CPA Training Institute

There are many aspects that led Simandhar Education to become the largest training provider for the US CPA course in India right from giving quality education to having good placement assistance. 

 Let us know how Simandhar Education differs from others in providing the best CPA course for the aspirants.

 Contact Us: [phone] or leave a message to us on social media. 

 Make sure to hit the like, share and subscribe to our YouTube channel to get more updates YouTube Channel: http://bit.ly/2Mt2BB1​ 

 Now you can listen to our Podcast at https://bit.ly/36PYQPP​

[cpausaonliningtraining]

SIMANDHAR IS ENDING THE YEAR WITH A NEW BEGINNING – ‘CPA IN INDIA’, RECOGNIZED NOW IN THE TIMES OF INDIA (TOI)!

Despite these extremely challenging times, all finance and accounting professionals have a lot to be grateful for. US CPA Exam will be continuously tested in India from January 2021, awareness on CPA education is increasing all over India which is indeed a great news.

AICPA (American Institute of CPAs) which is the world’s largest member association representing the accounting profession) & NASBA (National Association of State Boards of Accountancy) came together with  Simandhar Education (Largest Training provider for US CPA course in India) for a webinar for the very first time in India and announced that the US CPA Examination will continue to be held in India.

With the exam now being held in India, it will be much easier for the candidates as they don’t have to travel to the US or Middle east for the CPA exam.

At present, close to 2,500 candidates write the CPA annually but with the AICPA & NASBA deciding to conduct the exam in India, the number of candidates writing the CPA exam would increase rapidly. The goal of Simandhar has always been to spread awareness regarding CPA and to help all CPA aspirants achieve their goal.

It is a fact that CPA candidates have an edge over others. “With several US-based companies outsourcing their finance and auditing in India, there is a huge scope for CPA qualified candidates. CPA qualified candidates would have an edge over other candidates in US-based MNCs operating in India. CPA stand alone is a great opportunity for BCom, BBA students who are having interest to explore in US GAAP, US tax and can secure immediate placement in US based MNCs”, said Sripal Jain (CA, CPA), cofounder, Simandhar Education.

Simandhar has trained many students all over India and also helped them get placed in some of the best companies and Big 4s. Simandhar Education ensures quality education to prepare aspirants for success in the professional exam. Many webinars have been conducted from immense industry experts on all kinds of topics related to accounting and finance & CPA. We had Mr. Rakesh Singhania, CFO of Wells Fargo with us who spoke about the ‘Future of Finance’ and we also had the CFO of Reliance, Mr. Rajneed Jain talking about his journey of success, and many such sessions .

One of the most important moments for Simandhar was definitely when the AICPA and NASBA took a webinar regarding the CPA exam details for the very first time in India ever, and now Simandhar and the students also got featured in the ‘Times of India’ article named ‘US CPA exam to be held in India from January 2021’, which is indeed another moment of pride.

A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world’s largest accounting body.

The uniform CPA exam is now administered in Prometric test centers in India, Europe, Nepal, Canada apart from Dubai and the United States.

Indian candidates may schedule to take the “US CPA Exam” in the 8 Prometric locations: Hyderabad

Ahmedabad

Mumbai

Delhi

Bangalore

Chennai

Kolkata

Trivandrum.

Simandhar Education:

Simandhar Education is the official partner of Becker professional education and channel partner of AICPA.

The largest  training provider for  US CPA, US CMA , IFRS and EA courses in India. Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry experts. We’re here to provide you with all the help you need to ace your CPA, CMA exams. We are just a call away for any assistance. Contact us@ 91 9390584166.

[cpausaonliningtraining]

SCOPE AND COST OF US CPA EDUCATION IN INDIA

Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy all across the globe. The exam is administered by the American Institute of CPAs (AICPA), which is the world’s largest accounting body.

This credential is given to individuals who clear the Uniform CPA examination and also meet the required education and experience particulars. It is a highly prestigious qualification and is something that anyone can have once decided.

Why are CPAs (Certified Public Accountants) required in India?

CPAs are accountants who are extremely trusted financial advisors for individuals and businesses since they are the ones who help them plan and achieve their respective goals. CPA is a profession which is recognized on an international level. CPAs not only have the knowledge of US GAAP but they could also lend credibility to financial statements which CAs cannot.  CAs are Chartered Accountants and initially in India all the new global companies used to hire CAs but since it became challenging for them to keep up with changing requirements, they started training CAs to be CPAs. So, basically even after 4 years of study (which is the amount of time it takes to become a CA) CAs were doing the same job as CPAs.

CPAs are now highly required in many of the US companies since there has been an increase in F&A or Finance and Accounting outsourcing in India. US Companies like the Big 4: (Deloitte, WC, EY & KPMG), Ernst & Young etc. and even multinationals like Amazon need CPAs all the time.

CPA Exam in India:

Testing for CPA Exam candidates at test centers in India will begin January 1, 2021. Also, the candidates may begin to use the scheduler on November 2, 2020.

The CPA aspirants can take the exam sections without restrictions, other than waiting to receive scores from prior attempts of the same section or when there is a major change to the exam. Continuous Testing will replace the existing limited CPA Exam Testing Window model, which only permits candidates to test in India during designated time frames.

The agenda behind conducting the US CPA exam in India is to avoid international travel for the Indian CPA aspirants in this uncertain time. The decision helps the Indian students to ease the burden of travelling to countries like Dubai, United States, for writing the CPA exam.

Cost of the CPA Certification:

If you are interested in becoming a CPA, there are certain CPA exam costs which you need to be aware about.

Approximate Fee Structure for the US CPA Certification is given in the table below. Application Fee costs around $ 140.00.

CPA Cost in India:

There are basically three main things for the CPA course which are evaluation fees, exam fees and travelling fees. Well, now since it has been decided that the CPA exam will be held in India itself students can save their travelling cost which is a lot.

CPA exam fee is $1000 and International testing fee is $1500. Additionally, $225 for evaluation making the overall CPA exam cost INR 2, 00,000 without training fee.

The training fees of Becker is usually INR 1.2L to INR 1.47L depending on the product and offers.

Scope of CPA in India:

US CPA course gives you in-depth knowledge of areas related to US GAAP, US Tax, and US Audit. As we know, for a fact that there are many Multinational companies in India who are desperate for CPAs and are ever ready to hire them. Basically, after looking at all this we can say that this is an opportunity for all Indian accounting graduates to get the certification so they can earn a lot of money with international recognition and of course immense respect.

Indian CAs also have an advantage when it comes to pursuing CPA because they already have the knowledge and skills to become a CPA all they have to do is give the Uniform CPA examination and get the license.

CPAs would have immense job opportunities and as their experience level increases, so does their salary potential. Thus, there would be continuous professional career growth for a CPA. Financial advisors are required by almost all businesses and organizations to keep them in check and help them gain more profit. CPAs are hired by:

Subsidiaries of US-based MNCs in India

Few Indian MNCs who have raised money from US capital markets

Auditors of these MNCs

F&A companies

So, there’s an abundance of jobs in India in various Auditing, Taxation, Financial Planning & Analysis and other profiles.

Conclusion:

There has been a considerable growth in the demand for CPA in recent times in MNCs and Big4s in India. The above article talks about the scope and cost of US CPA education in India. Hope this article helps you get detailed insights about US CPA.

Simandhar Education:

Simandhar Education is the official partner of Becker professional education and channel partner of AICPA.

The largest  training provider for  US CPA, US CMA , IFRS and EA courses in India. Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry experts. We’re here to provide you with all the help you need to ace your CPA, CMA exams. We are just a call away for any assistance. Contact us@ 91 9390584166.

[cpausaonliningtraining]

CPA Exam in India Permanent |Session by AICPA & NASBA | CPA course |How to become US CPA | US CPA

CPA Exam Permanently in India, Session by AICPA & NASBA

 How to Become US CPA 

 About NASBA - The National Association of State Boards of Accountancy (NASBA) is an association dedicated to serving the 55 state boards of accountancy. These are the boards that regulate the accountancy profession in the United States of America. 

ABOUT AICPA - The American Institute of Certified Public Accountants (AICPA) is the national professional organization of Certified Public Accountants (CPAs) in the United States, with more than 418,000 members in 143 countries in business and industry, public practice, government, education, student affiliates and international associates.[4] Founded in 1887, the organization sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It also develops and grades the Uniform CPA Examination.

Simandhar Education - Simandhar Education is an initiative driven by Sripal Jain (CA, CPA (USA)) to help professional students to achieve their goals. Simandhar Education ensures quality education to prepare aspirants for success in the professional exam. Simandhar education (Official partner of Becker International USA).

Simandhar Education in alliance with Becker Professional Education, the most acclaimed CPA Review supplier in USA and CMA program supplier in the USA, is putting forth a thorough CPA Review Program and CMA program to prepare aspirants for success in CPA and CMA Exam of USA.

This is your one-stop video for getting accurate information to help speed up the CPA examination process.

For More Details Please Contact Us @ 9390584166

[cpausaonliningtraining]

SIMANDHAR IS ENDING THE YEAR WITH A NEW BEGINNING – ‘CPA IN INDIA’, RECOGNIZED NOW IN THE TIMES OF INDIA (TOI)!

Despite these extremely challenging times, all finance and accounting professionals have a lot to be grateful for. US CPA Exam will be continuously tested in India from January 2021, awareness on CPA education is increasing all over India which is indeed a great news.

AICPA (American Institute of CPAs) which is the world’s largest member association representing the accounting profession) & NASBA (National Association of State Boards of Accountancy) came together with  Simandhar Education (Largest Training provider for US CPA course in India) for a webinar for the very first time in India and announced that the US CPA Examination will continue to be held in India.

With the exam now being held in India, it will be much easier for the candidates as they don’t have to travel to the US or Middle east for the CPA exam.

At present, close to 2,500 candidates write the CPA annually but with the AICPA & NASBA deciding to conduct the exam in India, the number of candidates writing the CPA exam would increase rapidly. The goal of Simandhar has always been to spread awareness regarding CPA and to help all CPA aspirants achieve their goal.

It is a fact that CPA candidates have an edge over others. “With several US-based companies outsourcing their finance and auditing in India, there is a huge scope for CPA qualified candidates. CPA qualified candidates would have an edge over other candidates in US-based MNCs operating in India. CPA stand alone is a great opportunity for BCom, BBA students who are having interest to explore in US GAAP, US tax and can secure immediate placement in US based MNCs”, said Sripal Jain (CA, CPA), cofounder, Simandhar Education.

Simandhar has trained many students all over India and also helped them get placed in some of the best companies and Big 4s. Simandhar Education ensures quality education to prepare aspirants for success in the professional exam. Many webinars have been conducted from immense industry experts on all kinds of topics related to accounting and finance & CPA. We had Mr. Rakesh Singhania, CFO of Wells Fargo with us who spoke about the ‘Future of Finance’ and we also had the CFO of Reliance, Mr. Rajneed Jain talking about his journey of success, and many such sessions .

One of the most important moments for Simandhar was definitely when the AICPA and NASBA took a webinar regarding the CPA exam details for the very first time in India ever, and now Simandhar and the students also got featured in the ‘Times of India’ article named ‘US CPA exam to be held in India from January 2021’, which is indeed another moment of pride.

A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world’s largest accounting body.

The uniform CPA exam is now administered in Prometric test centers in India, Europe, Nepal, Canada apart from Dubai and the United States.

Indian candidates may schedule to take the “US CPA Exam” in the 8 Prometric locations: Hyderabad

Ahmedabad

Mumbai

Delhi

Bangalore

Chennai

Kolkata

Trivandrum.

Simandhar Education:

Simandhar Education is the official partner of Becker professional education and channel partner of AICPA.

The largest  training provider for  US CPA, US CMA , IFRS and EA courses in India. Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry experts. We’re here to provide you with all the help you need to ace your CPA, CMA exams. We are just a call away for any assistance. Contact us@ 91 9390584166.

[cpausaonliningtraining]

CHANGES MADE IN THE CPA EXAM 2021

CPA Exam: There are new changes made in the US CPA examination 2021 and for all those who are planning to write the Uniform CPA Exam in 2021, knowing regarding these changes becomes very essential. The field of Finance and Accounting is a profession that is always changing with time and due to which there are changes made to the exam, the AICPA regularly updates all the content on CPA exam so that it become easier for all the CPA aspirants to be up-to-date with the new concepts etc.

These changes are outlined in the AICPA’s CPA Exam Blueprints which basically give an overview of the concepts that the candidates need to know in order to pass the exam successfully.

Why are these changes made?

The changes made in the CPA exam is mainly to ensure that newly licensed CPAs continue to possess the knowledge and skills that is required to protect the public interest. Basically, the intent is to make sure that future CPAs will have the competencies they need to meet tomorrow’s accounting challenges.

Till date what we can takeaway from the main changes made to the exam is that a CPA should have a digital and data driven mindset and also with proper understanding of business processes to be successful in the field of accounting.

When would these changes take place?

The AICPA recently released an updated CPA Exam Blueprint. The concepts outlined in the new Blueprint will be tested starting on July 1, 2021. The CPA Exam continues to assess higher-order skills, including critical thinking, problem-solving, and analytical ability. There are no changes to score weighting, testing time, or the number of CPA Exam questions.

Here are the major changes to the CPA exam:

More emphasis on business processes:

AUD (Auditing and Attestation): One of the most important changes made to the audit section of the CPA exam is the increase in testing of business processes, this also includes focus on IT systems & controls with manual controls. The revised AUD section will test a lot more on “business processes and transactions that flow through them.”

BEC (Business Environment and Concepts): New content regarding “business processes and transaction-level risks and controls” will be tested in the BEC section. All the questions related to this topic would be all about the various aspects of technology that helps facilitate business processes.

Content on data analytics and digital skillsets in depth:

For both the sections which are AUD & BEC, students should be prepared for task-based simulations (TBSs) designed to evaluate a CPAs’ data analytics capabilities.

AUD (Auditing and Attestation): The latest AUD blueprint will now consist of expanded testing of digital skill sets which includes testing of audit data analytics. The candidates would have to analyse the results of an audit data analytic procedure. Another point to be noted is that revised content on how to utilize “automated tools and audit data analytics in audit sampling” is now testable.

BEC (Business Environment and Concepts): The BEC section will now have questions on data governance and data relationships, as well as how to extract and transform data.

Increased emphasis on SOC 1® reports:

AUD (Auditing and Attestation): As auditors often need to “obtain and evaluate multiple SOC 1® reports on even relatively modestly sized clients,” there will be more testable content on this topic. The new AUD exam will underscore the differences between SOC 1® and SOC 2® reports, candidates need to examine the effects that these reports have on controls and the testing of controls.

BEC (Business Environment and Concepts): BEC will cover “SOC 1® reports from the user entity’s perspective, which includes looking at complementary user entity controls associated with the reports and increased content on “understanding the need for SOC 1® reports for outsourced IT functions.”

Content Removal:

While there has been content added to the exam sections, there has been certain content that has been removed as well since the Practice Analysis Final Report found this content to be less important to CPAs. One of the most important changes made is that the differences between IFRS and US GAAP is now removed because the AICPA determined that IFRS is client specific and it isn’t suitable for new CPAs.

Another thing which would be removed from the FAR section is testing of defined benefit pension plans and derivative journal entries & testing of the alternative minimum tax and estate taxation will be removed from the REG exam.

CONCLUSION:

It is essential for all CPA aspirants to be properly up-to-date regarding the CPA examination changes made for 2021 which would be effective from July 1, 2021. The AICPA and NASBA met with CPA providers and discussed the major changes to be made to the exam to ensure that the future CPAs are successful in their job. This article covers all the changes that were made. Hope this has clarified all the basic queries but  in case you have any other doubts, you may comment below.

SIMANDHAR EDUCATION:

Simandhar is the official partner of Becker and AICPA – Largest Training provider for US CPA, US CMA , IFRS and EA courses in India.

Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry Experts. We’re here to provide you with all the help that you need in order to ace your CPA, CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CPA Exam in India. Contact us@ 91 9390584166.

[cpausaonliningtraining]

How to become a US CPA | Session by AICPA & NASBA | Simandhar Education | CPA exam in India

About NASBA - The National Association of State Boards of Accountancy (NASBA) is an association dedicated to serving the 55 state boards of accountancy. These are the boards that regulate the accountancy profession in the United States of America.

ABOUT AICPA - The American Institute of Certified Public Accountants (AICPA) is the national professional organization of Certified Public Accountants (CPAs) in the United States, with more than 418,000 members in 143 countries in business and industry, public practice, government, education, student affiliates and international associates.[4] Founded in 1887, the organization sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It also develops and grades the Uniform CPA Examination. 

 Simandhar Education - Simandhar Education is an initiative driven by Sripal Jain (CA, CPA (USA)) to help professional students to achieve their goals. Simandhar Education ensures quality education to prepare aspirants for success in the professional exam. Simandhar education (Official partner of Becker International USA).

Simandhar Education in alliance with Becker Professional Education, the most acclaimed CPA Review supplier in USA and CMA program supplier in the USA, is putting forth a thorough CPA Review Program and CMA program to prepare aspirants for success in CPA and CMA Exam of USA.

This is your one-stop video for getting accurate information to help speed up the CPA examination process.

[cpausaonliningtraining]

Get the insights about CPA licensing & Testing locations.

Get the insights about CPA licensing & Testing locations. Do register for the webinar "Everything about CPA." Do register for the webinar. Save the date: 08-12-2020 Time: 7:30pm Register here : https://lnkd.in/g58be-A

[cpausaonliningtraining]

CPA Course Details in Telugu | Simandhar CPA aspirant| CPA Eligibility | CPA jobs |CPA exam in India

All CPA Details you need to know in Telugu. Its AICPA, NASBA, and Simandhar Education together !! Simandhar Education is pleased to host a webinar on "Earning the U.S CPA License" along with AICPA ( World's largest member association representing the Accounting Profession) and NASBA ( The National Association of State Boards of Accountancy (NASBA) an association dedicated to serving the 55 state boards of accountancy) Learn how you can become a licensed US CPA & prepare yourself for a global accounting career. 

 Get The Insights About: 

 1) CPA Eligibility Requirements 

2) Application Process 

3) CPA Exam 

4) Licensing 

5) Testing Locations 

6) Candidate Resources 

 Save the date & time: Tuesday, December 8, 2020 7:30pm to 8:30pm

 Register Here: https://bit.ly/2JfeRHy 

 Contact Us: [phone] | 8688805909 

or leave a message to us on social media.

[cpausaonliningtraining]

CPA Exam Available in India

CPA Exam Update:

In India, CPA Exam testing will begin on January 1, 2021. CPA aspirants may start using the scheduler from November 2, 2020.

With all the disruptions and inconveniences COVID-19 has caused worldwide in each field, it has been even more difficult for people to deal with situations. One of the most critical situations that need to be dealt with is ‘Exams.’ Exams are either being discontinued or postponed. However, even during these unpredictable times, the NASBA, AICPA, and Prometric just made an amazing announcement for all those hard-working CPA aspirants. The announcement is stated as follows: Testing for the CPA Exam at test centers in India will begin on January 1, 2021. This would probably mean a lot to all those aspirants who were having many confusions about the exams being continued in India.

CPA Prometric Locations in India:

The uniform CPA exam is administered in Prometric test centers in the United States and international locations.

Indian candidates may schedule to take the “US CPA Exam” in the Prometric locations given below:

Hyderabad

Ahmedabad

Mumbai

Delhi

Bangalore

Chennai

Kolkata and

Trivandrum

Candidates testing at any international testing center should pay the exam administration before he/she schedules with that particular Prometric. For this process, please sign in to the NASBA portal and select the option “International Administration.”

In this extremely difficult time, we know you have many concerns — the health of your families and friends, your colleagues and your communities. The coronavirus pandemic has affected us all in a way that we could not have imagined. Almost overnight, the world changed.

In the midst of this disruption, we want to help alleviate a concern that you may have — take your American CPA exam. We know you have spent an incredible amount of time preparing for this next step in your professional development. We also recognize that current travel restrictions, test center closings and other factors make it difficult or impossible for you to take the US CPA exam as scheduled. So, to help you on your way towards obtaining a CPA license and to maintain your health and safety, we will now administer the exam in India in eight Prometric test centers (Ahmedabad, Bangalore, Calcutta, Chennai, Hyderabad, Mumbai, New Delhi and Trivandrum). We hope that the convenience of taking the exam in your country will ease some of your burden while you think about your family, friends and colleagues.

As of today, Indian applicants can plan to take any CPA exam section in the United States during the months of June and September 2020. We hope that Prometric’s test centers will be open from ‘here, and we will keep you informed of any developments. Here’s what it means for you.

To take a test in India, you must be or become an eligible CPA exam candidate with citizenship or a long-term resident of the following countries:

India

Bhutan

Bangladesh

Myanmar

Maldives

Nepal

Sri Lanka

United States

Candidates testing at any international test center must pay an exam administration fee before planning with Prometric. To do this, log in to your NASBA CPA Candidate Account Portal and select “International Administration”. The international administration process for the India region is now available.

If you have already paid for the international administration process for another test region and wish to move to India, please send an email to [email protected] with the following information:

Name

Jurisdiction

Jurisdiction ID

Examination section

Exam Section ID

Current international test country

New international test country

Our thoughts are with each of you during this difficult time. We do what we can to help you on your journey to the US CPA.

Source: NASBA

About Simandhar Education:

Simandhar is the official partner of Becker and AICPA — Largest Training provider for US CPA, US CMA , IFRS and EA Courses in India with offices in Bangalore, Hyderabad, Delhi, Ahmedabad, Gurgaon, Kerala, Cochin (Kochi), Trivandrum, Kottayam, Kozhikode, Malappuram, Chennai, and Mumbai.

Learn how to use CPA, from First basics to advanced techniques, with online video tutorials taught by industry Experts. Simandhar Education is the best leading training provider for CPA Exam in India.

Contact us @ [phone].

Hurry up !!

CPA exam now in India and Simandhar Education will help you to achieve it.