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Another day Another success story. Meet Veena Kannan our  Alumnus who completed the US CPA exam in just 12 months. Like we always say, dare to dream and we will turn it into reality.

Register here To Know more about US CPA: https://bit.ly/3J1B34c

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CPA Evolution 2024 would result in adaptability and transformation in the CPA course, CPA exam structure, CPA license framework, CPA salary package, and demand. The  CPA  2024 changes will have a greater impact on the BEC section of the US CPA course. Watch the full video to learn more: https://www.youtube.com/watch?v=yGEiTpbxOD0

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How to Excel in Your Accounting Career: A Comprehensive Guide to CPA Certification and Beyond. Discover the Benefits, Opportunities, and Changes in the 2024 Exam Pattern in Just 4 Minutes!

Fill out the form to know more: https://bit.ly/3yqdjPJ

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Career Benefits of becoming a CPA (Certified Public Accountant) : US CPA Course Benefits

Career Benefits of becoming a CPA (Certified Public Accountant) : US CPA Course Benefits

Many accountants are very much curious about the CPA Course benefits and benefits of becoming a CPA (Certified Public Accountant) such that it’s easy for them to decide whether it is worth dedicating time and energy towards pursuing US CPA certification.

The process of obtaining CPA certification can be demanding and rigorous, but success gives out too many advantages for the professionals working in finance or business. In the US, most states have their own board that oversees the public accountant certification in their jurisdiction.

Let’s know the career benefits of being a CPA

Career Development:

The US CPA exam needs an advanced education, usually a combined bachelor’s and master’s program, along with good study preparation for the exam. While these activities are a must for achieving the CPA certification, there are also many CPA benefits on their own.

The CPA certification process allows both experienced and new accountants to refine their skills, test their abilities, and increase their overall knowledge of that discipline. The prospective applicants can learn many more details about the US CPA license through the local state board. For more information about the US CPA course benefits, you can visit Simandhar Education.

Click here to know about

CPA Course Details, Syllabus, Eligibility, CPA Course Benefits & Fees:

More Demand For US Certified Public Accountants:

Many factors contribute to the rising demands for the US Certified Public Accountants across the global job market and there are many US CPA course benefits as well. US CPA certification holders can earn an average of 10% more than others; besides, they have many career growth opportunities. The CPA certification is a must for most professionals in positions in both the public and private sectors.

Expanded Job Opportunities:

It’s very easy to think of the accounting field as a limited and narrow profession, but that’s becoming far from the certified professionals’ actual reality. The US CPAs serve in various roles in organizations/companies, including private sectors and government agencies. The US CPA certification proves qualification for business strategy, auditing, forensic accounting, and bookkeeping, among other specialized areas.

Professional Independence:

A greater degree of professional freedom is a huge asset for the US CPA certification. The CPA professionals can provide the services on their own as founding members or as consultants of a firm.

It is an essential career step for professionals who want to leverage their own services and reputation. The knowledge and skills required for the CPA certification are useful for people who are interested in business leadership. Besides, CPA certification serves as a solid foundation for entrepreneurs.

Benefits of a CPA license:

Given below are some of the benefits of CPA license:

·         Additional job opportunities

·         Better benefits and incentives

·         More job flexibility

·         Increased earning potential

·         Greater job stability

Conclusion:

Hope this article helps you know the benefits of becoming a Certified Public Accountant (CPA). Still, you have any queries, feel free to comment in the below section. Happy Learning!

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CA vs US CPA | US CPA Course Eligibility Fees Salary | Simandhar Education | AICPA NIES

Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 Chartered Accountant Course Vs Certified Public Accountant If you are confused between CPA and CA, this video will clear all your doubts. You will also learn about US CPA exam eligibility criteria, why US CPA is important to advance our career in finance, job opportunities after cracking the CPA exam and many more such questions. Simandhar Education, the Official partner of Becker professional education and Channel partner of AICPA. Know Everything about US CPA Course Eligibility Fees Duration Salary. 𝐀𝐛𝐨𝐮𝐭 𝐒𝐢𝐦𝐚𝐧𝐝𝐡𝐚𝐫 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧

https://www.youtube.com/channel/UCNtcsDN1WhnsdS_m2wY-Z-g

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Ultimate Salary Guide to EA – Enroll Agent

Ultimate Salary Guide to EA – Enroll Agent DECEMBER 9, 2021

Are you thinking about becoming an Enrolled Agent but want to know what kind of pay you could expect? We comprehend; before you bounce in. Investigate our Enrolled Agent Compensation Guide underneath to understand what pay range you may be checking out. Do you know what it is Enroll Agent? The Enrolled Agent certificate is a nationally recognized certification for tax professionals issued by the Internal Revenue Service (IRS). Obtaining a PTIN Personal Tax Identification Number, passing all three parts of the IRS’s Special Enrollment Examination (SEE), and passing compliance and background checks are requirements for becoming an EA. There are no formal educational or work experience requirements, and however, candidates should have a solid understanding of taxes before taking the EA exam. EAs have limitless representation privileges before the IRS and are federally allowed to represent taxpayers before the IRS. This means that EAs can represent any taxpayer, regardless of whether or not they prepared their tax return. They can also represent you in any tax matter and appeal to any IRS office. Individuals are represented by an enrolled agent before the Internal Revenue Service. Because an enrolled agent has so many obligations, the pay is usually quite good. To comply with legal requirements, the Internal Revenue Service grants qualifying candidates the position of enrolled agent. An enrolled agent is a person who has been certified to act as a go-between for private enterprises and citizens when it comes to tax concerns and disputes. Companies often employ enrolled agents that specialize in income tax resolution or tax return preparation. An enrolled agent is typically available to assist clients all year. An EA’s work responsibilities frequently include developing a strategy for dealing with IRS issues. Enrolled agents serve in this position to help clients establish satisfying agreements on plans, payments, estimates, and settlements. As a result, this form of Hearings in which an EA frequently participates is usually conducted over the phone. As a result, EAs must be able to communicate effectively. Additionally, because the documentation must be filed with the IRS, enrolled agents must have a solid understanding of IRS documentation. As a result, an enrolled agent must be well-organized and capable of fulfilling deadlines for reporting and filing. Candidates must have the necessary certification from the Internal Revenue Service to serve as an enrolled agent. Interested candidates should have a background in public accounting in general. It’s also beneficial to have prior tax preparation experience. Who Should Earn the EA? EAs are typically tax preparers, but they may also serve as advisors by providing tax compliance advice to clients and written guidance to other parties regarding business transactions. The EA’s responsibility is to assist clients with various taxes, from tax preparation to representation in conferences or hearings, and even to assist them during audits. EAs are typically found at work, in the IRS, or with clients. They are employed by businesses of all sizes and types, with many EAs starting their businesses. EA vs. CPA Salary In general, CPAs earn more than EAs at all levels of their careers. The CPA credential, on the other hand, necessitates significantly more schooling, time, and upfront costs than the EA credential. In addition, the EA credential is more client-focused than the CPA credential. These are both factors to consider, in addition to the salary figures for each profession. What Do Enrolled Agents Get Paid? Salaries for Enrolled Agents EA salaries are determined by several factors, including the number of years of experience, the type of experience, and employment location. Enrolled agents are paid at three different levels, and there are three levels: entry-level, mid-level, and senior level. Salary of an Enrolled Agent at the Entry Level An entry-level enrolled agent with up to five years of experience can expect to earn $42,000 per year on average. Mid-Level Enrolled Agent Salaries A mid-level selected specialist with five to ten years of involvement can hope to acquire $50,000 each year. Senior Level Enrolled Agent Salaries A senior-level enlisted specialist with 10 to 20 years of involvement can hope to acquire a normal of $55,000 each year. Benefits Of Being an Enrolled Agent Beyond the EA salary of an enrolled agent, there are numerous benefits when you become an EA. A person who is an EA can be the sole one that has the privilege to practice the profession as stipulated through government officials of the United States government. Certified public accountants are holders of state licenses, and this kind of license limits the practice of certified public accountants only in states where they are licensed. Agents enrolled have federal licensure that gives them a greater scope of practice. That means that enrolled agents can represent taxpayers from any state across the country. Additionally, they can represent foreign citizens on tax issues. EA will also give you some degree of career security. IRS examinations or audits have increased dramatically in the last couple of decades, indicating an increased demand for EAs now than in the past. Due to the rising number of tests and the increasing number of people who find representation. In large part, the work of enrollment agents is not a risk for the economy. Income taxes are a fact of our lives and aren’t going away. Agents who are enrolled ensure that their clients have a competent and effective representation. If the concept of protecting the rights of others interests you, this might be a good career choice. If you are looking at the possibility of a career change, you may consider the enrolled agent position as the best option. It offers excellent job security and the chance to exercise authority across the United States. The position as an enrolled agent could provide a high salary with a fulfilling career. What effect will the experience of an agent have on their compensation? If you’re seeking the first time a tax-preparation job, then your education, as well as any Extracurricular activity (such as the IRS’s VITA program), will show your work experiences. The median starting pay for an entry-level enrolling agent is $41,480. However, it could range between $26,000 and $54,000, based on the area you live in and where you work. Once you have an initial job, your knowledge expands to include your real-time time in the field, Your accomplishments, your work, and more. Your earnings will naturally increase through the EA course of your career. In general, your earnings as an agent enrolled will rise by 9.25 percent for each phase of your professional career. What kinds of jobs do enrolled agents have? Enrolled agents are tax professionals. As a result, an enrolled agent can fill any position that requires a high level of tax knowledge. Among the most common jobs for enrolled agents are: THE AVERAGE SALARY FOR A TAX PREPARER IS $41,871. Tax preparers assist taxpayers in the completion of federal and state tax returns. They could work for a company or be self-employed. This job typically has a busy season, with the busiest months being December to mid-April. A TAX MANAGER’S AVERAGE SALARY IS $96. Tax managers are in charge of an organization’s tax reporting and compliance with local, state, and federal tax laws. While a CPA typically holds this position, earning your enrolled agent certification is great to secure your tax specialization. THE AVERAGE SALARY FOR A BOOKKEEPER IS $41,846. Accountants work with organizations to make the most monetarily suitable and secure choices. What effect will the company’s size have on the enrolled agent’s pay? If a company is smaller, one’s most skilled enrollee is not likely to earn the same amount in the larger company. Similarly, some large companies employ entry-level agents at a higher EA salary than smaller companies that have experienced agents enrolled. Big companies are ready and willing to pay a premium to draw the best talent. The bigger the company, the higher the salary for a specific post and the better-specified career EA course. While it’s hard to place an exact value on different kinds of compensation, however, it’s worth noting. Compensation and corporate culture vary dramatically from one employer to another. However, similar-sized companies have certain characteristics that are common to all: ORGANIZATIONS WITH A LARGE IMPACT Larger firms tend to offer facilities (such as cafeterias, gyms, and daycare) that smaller companies can’t be able to. Individuals are more involved in the benefits of fringe and perks offered by smaller companies because they tend to be more flexible and have more control over their employees. Deciding which size of business, you’d like to work at is a personal decision; however, you should consider advantages that will enhance your life. Daycare, for instance, could be a significant expense for families with young children, and a daycare on-site could help save thousands of dollars and hundreds of hours of commute time every year. In the same way, some dislike the bureaucracy associated with larger organizations and prefer having more freedom to pursue their preferences in the final analysis. Ever thought of EA for Big 4s Yes, Enrolled Agents are employed by The Big 4 accounting companies in various capacities. Although it might seem as if Big 4 accounting firms exclusively adhere to CPAs, they also hire Enrolled Agents in roles that profit from the EA designation’s benefits. The right tool is the one that best suits the task. The enrolled agents have several advantages that apply to all accounting firms, including Big 4 accounting firms. Big 4 and the Big 4 are no exception. Agents who are certified * Are you a tax expert? * Is licensed to practice taxation across all 50 states. * You must have the same license to work as CPA, CPA, or tax lawyer. * Prepares tax returns for clients abroad who have to submit their tax returns in the United States. Apart from these advantages, Enrolled Agents provide substantial benefits to accounting firms like The Big 4. Compared to other available certifications, the Enrolled Agent certification is less costly and more accessible to obtain. What are the responsibilities for agents who are enrolled at the Big 4? Enrolled Agents are employed from The Big 4 for a range of careers. The opportunities for employment as an Enrolled Agent are in PwC, Deloitte, and KPMG. * Tax service division management o Tax Manager for international taxation o Accountant * Tax service division senior colleagues * Expertise in taxation o Corporate tax on income o Taxes for expatriates International trade taxation Many of these positions require a higher degree than the IRS’s minimum requirements, and however, they do not require an accounting or tax-related degree. That is why the Enrolled The agent is an ideal choice for those looking to change careers but don’t have the advanced accounting training required to be a CPA but do have lots of experience in the field. Do you think being an Accredited Agent helping me advance my career? Yes, and to say it. The process of registering as an Enrolled Agent is a sign of your determination to obtain an IRS tax-specialist certificate. In addition, since the IRS and IRS support it, you can rest sure that your credentials will be a valuable asset. Agents who are enrolled have access to the following advantages: Possibility to earn more According to Payscale, enrolled agents earn about $48,000 annually, and experienced Enrolled Agents earn $75,000. Tax preparers who do not have a designation earn about $40k per year, on average. There are more options for finding work. The status of an Enrolled Agent allows you to represent taxpayers you wish before the IRS since it’s a federal designation. It will be more beneficial to accounting firms of all kinds with a wider potential client base. Visibility is increased Enrolled agents are tax experts. The IRS administers this certification directly, and your tax expertise will be unmatched. That implies more influence at work. What is the cost for the Enrolled Agent test? The special enrollment Exam, also known as the EA exam, is split into three segments. Each one costs $184.97, which amounts to $554.91. To complete the enrollment process for the EA exam, the IRS requires a fee of $30. After your day, should you be able to pass the EA test the very first time, then you’ll have paid $584.91 for exam costs. That is where the EA Review mechanism comes in useful. Utilizing a professional review company will reduce your costs and time, allowing you to pass every test in the initial attempt. Exam questions for the EA test aren’t as varied but are more specific to the tax laws since it focuses exclusively on taxation. That means that you’ll be able to spend less time studying for the test. However, you’ll still need to use a review program to ensure that you are current on the most recent tax laws. What are the steps I must take to follow to be an Incorporated Agent? It is the first thing to do to get familiar with the requirements for the EA exam and locate an exam review system. Study this Simandhar Education Enroll Agent exam book now to start your journey to earn the EA. For more information on the EA course and its required skills, please feel free to Contact Simandhar Education @ [phone] or mail us at [email protected].

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US CPA Exam Pass Percentage: It’s Not as Difficult as You Think

US CPA Exam Pass Percentage: It’s Not as Difficult as You Think

FEBRUARY 8, 2021

In this article, we introduce you to the topics of  US CPA Exam Pass Percentage in India & CPA exam study tips, Fee, Syllabus, US CPA Course Benefits & Certification, Eligibility, CPA license requirements & Salary guide.

US CPA (Certified Public Accountant) is a certification offered by AICPA (American Institute of Certified Public Accountants) to the individuals who passed the US CPA exam and met relevant experience. This designation enforces high professional standards in the accounting field.

Eligibility:

To appear for the US CPA exam, the candidate must have any of the following qualifications.

·         Member of the ICWAI.

·         Member of the ICAI.

·         Member of the “Company Secretaries in India.”

·         Master of Commerce.

·         MBAs.

·         Pursuing Masters, B.com graduates.

Let’s go through the CPA license requirements.

·         In general, many states in the US ask for 150 credit hours in some specific courses from an accredited institute or university under NASBA.

·         The candidate must have to pass the Ethics exam.

·         Should have 2,000 hours of work experience in accounting, auditing, taxation, and management consultancy.

·         Age limit: 18+ years.

For more details about US CPA, click:

CPA Exam Pattern:

·         CPA Exam consists of 3 question types:

·         Multiple-choice questions

·         Task-based simulations

·         Written communication tasks

There are four sections in the CPA exam:

·         Regulation (REG)

·         Business Environment and Concepts (BEC)

·         Financial Accounting and Reporting (FAR)

·         Auditing and Attestation (AUD)

The AICPA administers the CPA exam. The total duration of all the CPA papers is 16 hours (4 hours for each section).

Study Tips for the US CPA:

CPA Exam So Difficult? – It’s just a myth.

Here are the US CPA exam study tips.

1.     Go through the textbook fully, read and make your own notes. While making your notes don’t get carried away. Make crisp summaries which you can go through, and that makes you remember the topics better.

2.     Always try to note down the new points that you come across when solving Multiple Choice Questions (MCQs) and Task-Based Simulations (TBS). This nitty-gritty may, at times, help you more than the text in the chapter. Skill master videos help you to learn the topic in a precise manner.

3.     Even if you have done practicing MCQs, revise unlimited practice tests. It is because they give you the test feeling, and it will help you sit through a four-hour exam as you are unable to check your answers immediately.

4.     Before going to sleep in the night, try flipping through every page you read that day and make sure to remember the points you studied. Use “flashcards” for quick revision.

5.     After revision, take the mock tests and review the areas that you are weak. It helps you to focus during the time as our study timings may vary.

6.     Have a credible partner to help you look at your study progress.

7.     Never leave any part of the syllabus. Be familiar with the terminology.

8.     Keep looking at the questions and discuss with your friends. That is very helpful for you to remember things well.

It’s a lot of frustrations, emotions, ups and downs, but your practice matters more.

CPA Exam in India:

AICPA and NASBA have scheduled the CPA exam in India from January 1, 2021. Indian candidates can take the US CPA exam in the Prometric locations given below.

·         Delhi

·         Ahmedabad

·         Mumbai

·         Bangalore

·         Hyderabad

·         Chennai

·         Kolkata

·         Trivandrum

“The US CPA Exam shall continue in India”, says NASBA & AICPA.

For complete details click:

About Simandhar Education:

Simandhar Education is the official partner of Becker and channel partner of AICPA – The largest training provider for US CPA, US CMA, CIA, EA and IFRS 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.

CPA Exam Pass Percentage at Simandhar:

Despite the Pandemic, 1000+ students were enrolled for the CPA course at Simandhar Education, and out of which more than 80% of people passed the exam with flying colors in 2020. Besides, most of our alumni got placed in Big-4s and MNCs after having good CPA exam pass rate.

Besides, the students at Simandhar Education got good scores in the CPA exam held in 2020.

A few of our clients have also received their CPA license in India, during Covid-19

Simandhar Education provides 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.

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Congratulations to Ankit Singh, our US CPA Alumni, for successfully receiving the CPA License. Watch Ankit Singh share his journey from a Finance Professional to a Licensed US CPA. He conveyed that he is grateful to Sripal Jain and all other faculties who provided continuous guidance and support. Also, he stated he got all the licensing support from the Simandhar team, for which he will be indebted. #cpa #cpalicense #uscpa #cpaexam #simandhareducation "Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4  

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MBA Vs CPA? What is wiser to choose?

MBA Vs CPA? What is wiser to choose?

Earning an accounting degree is always a good idea if you want to work in finance. Your college degree combined with CPA certification is practically a sure way to land one of those dreaming fields in accounting or finance positions, whether on Wall Street or at a public accounting company. But, might an MBA take you further than a CPA qualification alone? Some experts believe it is possible. To become a CPA(certified public accountant), several states require students to complete 150 credit hours and pass exams. However, the average undergraduate degree takes around 120 credit hours for graduation, which sometimes necessitates that prospective CPAs take extra classes during their undergraduate years or gradually complete some curriculum while preparing for the US CPA certification test. The American Institute of CPAs states that certification now demands 150 credit hours for students to stay up with changing tax regulations, complicated business practices, and more sophisticated auditing procedures. Accounting has changed in the last decade regarding what accountants see and do and where their careers take them. After completing the prerequisites to become a CPA, professionals can pursue careers in auditing, insurance, tax accounting, and tax counseling, among other fields. Furthermore, these freshly minted CPAs may potentially get to the top of the food chain, functioning ahead of reporting, a controller, a chief financial officer, or even a CEO. Professionals with a CPA and an MBA have ambivalent thoughts about the advantages of having both. Continue reading to get some ideas on the subject. The MBA, a two-year postgraduate degree program, is a general management course designed for those who want to work in various management positions. HR, Marketing, Finance, and various other fields are among the MBA specialties. Even though many universities and institutions offer the course, you must pass the CAT if you want to run your dream race. This is a national-level entrance exam for admission to IIMs, India’s top MBA colleges. Any other ordinary or Cadre-B college will provide you with an MBA comparable to any other PG degree. As a result, if you want to pursue a dream job in management, you must obtain an MBA degree from one of the country’s elite institutions. On the other hand, CPA is a far more exciting and fulfilling course. The CPA requires a four-year bachelor’s degree at a minimum. In India, however, it is not available. So, to have the 120 credits necessary for the course, you should have either an M.Com or an MBA degree. The qualifying requirement is 120 credits achieved over the period of four years. This, however, is according to the graduate programs taught in the United States. In India, you may graduate in three years with only 90 credits. Because there is a 30-credit deficit, graduates can make the difference by enrolling in a bridging course. It may seem contradictory, but if you’re an accountant, an MBA might allow you to define your professional path more precisely. Obtaining a CPA opens more avenues than many business students anticipate.

Earning an MBA may also be beneficial for CPAs, it is believed. According to the survey, if a professional wants to pursue a career other than accounting, an MBA may be advantageous. For example, this may be the case if an accountant is interested in exploring a job focusing on ESG (environmental, social, and corporate governance) or in new or developing sectors. If you want to get a specific job that you couldn’t get with your undergraduate degree, I think [having an MBA] is a great idea. However, [an MBA] becomes less of a difference after a while, and it’s more about what you’re capable of doing in your current capacity. Early-career CPAs typically hold entry-level or middle-management positions in finance or accounting, and on-the-job learning can lead to higher-level and higher-paying employment. Accounting may appear to be a technical career at first, but as companies develop and evolve, these experts are required to do more. One can’t be a successful accountant unless you know what the company does and what industry it operates in. CPAs’ careers often grow to new heights as a result of this. Certain accounting professionals will shift into multiple areas within their firms, such as operations, financial planning, and treasury. Everything benefits from what you know as a CPA. Furthermore, accounting isn’t going away anytime soon. As previously said, the MBA can only guarantee you a successful profession with decent pay if you take the course from a reputable institution. However, the number of available seats is limited, and competition is fierce. As a result, only a tiny fraction of MBA applicants get accepted into prestigious universities. Following the course, absorption is available in various management occupations such as IT, finance, marketing, strategy, and human resources. The bundles and classifications differ from one firm to the next. Being accepted outside of India is limited soon after completing the course. However, with experience, you may transition to some professions abroad. As an accreditation, CPA does not need passing from a specific institute. Furthermore, as a CPA professional, you may work as an auditor, accountant, or tax counselor and provide services in areas such as financial forensics, business valuation, and personal financial planning. The accounting system is used in US GAAP. Therefore, there is a need for a CPA-USA wherever there are US corporations. It is a “Global Public Accountant.” The accountant is at the forefront of everything new that comes into an organization. Auditors, tax accountants, tax directors, and controllers will benefit from accounting knowledge. According to the report, it serves them incredibly well as a stepping stone to a range of different positions. According to experts, the CPA designation allowed me to gain some of those duties. The CPA certification is a highly valued—and rightly so—credential, and it demonstrates a degree of commitment and knowledge. Most individuals do not understand how many job opportunities are available with a CPA degree. It lays the groundwork for you to accomplish other things, and the best part is that it’s a once-in-a-lifetime benefit. So, the ultimate question is entirely up to you. If accounting is your passion, a CPA program is preferable to an MBA. It also provides you with access to the international job market and prepares you for various positions anywhere globally. However, an MBA is only valuable if obtained from a prestigious university and if your area of interest is general management. Simandhar Education stands the best place for course provision and assistance in career choice and many more conflicts students face. CPA Salary and MBA salaries depend on the organization and the profile, the candidate is shortlisted. For more information on the CPA course and its required skills, please feel free to Contact Simandhar Education @ [phone] or mail us at [email protected].

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Our US CPA Toppers who made Simandhar Education proud | Scores of 99, 98, 97 in US CPA exam | CPA

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Step by Step Process of US CPA

Step by Step Process of US CPA

Applying for the US CPA is often confusing because it’s a complicated process. There are many steps involved in becoming a US Certified Public Accountant. This article will help you to navigate the application process for the US CPA exam step-by-step. Each state in the US has different steps, but all of them have some similarities. The candidate should be able to get approved within five to six weeks in submitting the application and schedule the uniform CPA exam. US CPA Salary in India: US Certified Public Accountants are more in demand across many industries. In India, the average salary of a US CPA is INR 9.25 LPA. Let’s move right into knowing the step-by-step process of US CPA. 1. Check US CPA Eligibility 2. Send official transcripts to the state board 3. Submit CPA Exam Fee 4. Obtain Authorization to Test (ATT) 5. Obtain Notice to Schedule (NTS) 6. Schedule your US CPA Exam 7. Pass the CPA Exam 1. Check US CPA Eligibility: • The first step in the application process of the uniform US CPA exam is to determine whether you are qualified/eligible to take the exam or not. • Each state sets different education requirements to sit for the uniform CPA exam. Most of the states require a bachelor’s degree in accounting or business with credit hour requirements and certain coursework. • US CPA license which is awarded by all the 55 accountancy state boards (usually, the entire evaluation process and selection of state board will be outsourced to Simandhar Education and candidates just need to study well). • International candidates need to clear the CPA exam within 3 years and fulfill certain requirements like: • Pass all 4 CPA exams. • Need to have 150  credits (Simandhar Education has a bridge course that will help you to get desired credits). • Required to have one year of experience (It need not be under the supervision of CPA; Our lead instructor Mr. Sripal Jain who himself is a licensed US CPA holder can verify for you. • The candidate has to pass the ethics exam. 2. Send official transcripts to the state board: • Before filling out the actual application, you must have to send all your transcripts to the state board (you have to send all your school transcripts including community colleges, junior colleges, and universities that you attended). • It’s really good to order all your transcripts from the colleges immediately after your graduation and send them to your state board. The state board will keep all the transcripts on file once they receive them. 3. Submit CPA exam fee: • Once all your transcripts are submitted to your state board then you are allowed to fill out the actual CPA exam application. Usually, this is a short form that asks a bunch of education and personal questions. • After filling this form, you have to send it with the CPA application fee.

• The CPA exam will be additional about $3,000. • $1,000 for 4 CPA exam papers. CPA Exam Sections Fees Auditing and Attestation (AUD) 250 USD Regulation (REG) 250 USD Business Environment and Concepts (BEC) 250 USD Financial Accounting and Reporting 250 USD • $225 is paid to the NASBA (National Association of State Boards of Accountancy) evaluation. • $1,500 is paid as international testing fees for 4 CPA papers (this fee is only for students who are writing the exams out of the US). • $250 for the CPA application fee. • Usually, the Becker training fee is INR 1.2L to 1.47L (in Indian currency). 4. Obtain Authorization to Test (ATT): • After approving your application, the state board will issue an Authorization to Test (ATT). This document will allow you to sign up for the US CPA exam section in your state. Usually, it’s only good for 90 days, so you have to decide which CPA exam section you have to take first before it’s going to expire. • After choosing the US CPA exam section, you have to log into your NASBA account and have to pay the CPA exam section fee. Most of the states charge the US CPA exam fee in the range of $180 to $250 per section. • After paying your CPA exam fee, you have to wait for 3 to 4 weeks to get a Notice to Schedule (NTS). 5. Obtain Notice to Schedule (NTS): • It takes almost 3 to 6 weeks to receive your NTS (Notice to Schedule) after applying for the US CPA exam. • NTS is the legal document that allows you to sit for the uniform CPA exam. • You can use this document to log into the Prometric website in order to schedule the CPA exam date. 6. Schedule your US CPA Exam: • You can log into the Prometric testing center website and have to schedule the exam date. Besides, you need to have the exam section ID from the NTS and the testing location center where you wish to take the exam. • Suppose, if you don’t know about the closest Prometric centers that are closest to you then you can search and it’s very easy. • CPA Exam in India: You can take the CPA exam in India now. • Prometric CPA Exam locations in India: US CPA Exam Centers are Hyderabad, Ahmedabad, Bangalore, Mumbai, Delhi, Chennai, Kolkata, and Trivandrum.

7. Pass the CPA Exam: • On exam day, you ensure to bring two valid forms of ID and your NTS. • You have to keep one thing in mind that your name on the ID must match your NTS. The Prometric test centers will not allow you to sit for the CPA exam with NTS and ID. • Becker coupled with SImandhar Education is the best combination for your US CPA exam preparation. • Simandhar Education and Becker ensure you get all-around attention and the CPA course syllabus/material that is needed for you to clear all the four CPA exams with flying colors Conclusion: Hope you have found the complete details about the process of US CPA. The CPA exam is not as difficult as you think: There are only sections and it’s very easy to pass the exam. For further assistance about the US CPA exam, feel free to contact Simandhar Education @[phone]

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There are indeed many job opportunities in India for US CPA qualified professionals. Obviously, there are the big 4s like Deloitte, EY, etc where CPAs have an opportunity. To get more information please contact us-7780273388, E-mail [email protected]

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US CPA Exams Score Release Dates – 2022

What is the US CPA? 

US Certified Public Accountants (US CPA) credential is given to individuals who have passed the US CPA exam, administered by the American Institute of Certified Public Accountants (AICPA). 

To become a US CPA, candidates must meet eligibility criteria and have the required experience. The US CPA designation can establish professional standards in the finance and accounting sectors. 

When can I expect to get my US CPA exam scores? 

Candidates might have one question: When will we get the results after passing the US CPA Exam. 

Score Release dates of the US CPA exams taken between January 1 – June 30, 2022, are shown below: 

If  you take your exam on/before: 

Your target score release date is:

January 23, 2022 

February 8, 2022 

February 14, 2022 

February 23, 2022 

March 9, 2022 

March 17, 2022 

March 31, 2022 

April 12, 2022 

April 23, 2022 

May 10, 2022 

May 16, 2022 

May 24, 2022 

June 8, 2022 

June 16, 2022 

June 30, 2022 

July 12, 2022 

Please note: 

·         Prometric provides US CPA exam data files within 24 hours to most US CPA applicants. 

·         All US CPA exam data files received following the cut-off dates will be deleted. 

·          If you are taking the CPA BEC section, you will receive the scores approximately seven days after the target date to take the CPA BEC section. It’s because of the additional analysis required for the BEC written language tasks. 

 Steps to find out your results: 

·         Log in to the candidate portal on the NASBA website to see your score, and proceed with the below information.

·         The AICPA uses your Examination ID to score your CPA Exam. 

·         The scores are then sent for approval to Boards of Accountancy before the official release of the candidates. The process will take about three days before the result is officially declared. 

·         When the NASBA receives the scores, they are then processed compared to the names of the applicants. 

·         You will see an ‘eye’ icon once your score is approved.  

·         Click the icon to open the score notice, download it and then print it out  

·         Don’t let failure stop you from trying again. Keep trying persistently. 

 What’s the reason we can’t get the US CPA exam results right after the exam? 

First, the AICPA receives exam data files from Prometric, the testing centres which run this CPA Exam. Then, the AICPA forwards the exam results to NASBA to deliver the scores to the state boards of accounting.  

Factors for the Score Release 

You probably already know that all four parts of the CPA Exam are computerized. So why do you need to be waiting so long to receive the results of your exam? 

·         It will take about a few weeks to receive your CPA Exam score because the AICPA examines your answers through several quality assurance reviews to ensure scoring accuracy. The AICPA recognizes the high level of importance, diligence, and a keen eye on accuracy in the CPA Exam scoring process. 

·         There is a system in place to verify the accuracy of scores. AICPA also has processes in place to confirm the accuracy of scores in specific instances. The BEC Written communications (WCs), the computer scoring program, grades your answers. However, in some cases, the system of CPA human graders will score responses too. 

·         When your BEC score is near passing, the human graders will automatically revise the quality of your WC responses. If multiple graders are required to evaluate your response, the final grade will consist of all scores given by the human graders. 

·         Additionally, the exam grading system isn’t simple to calculate. Humans have to monitor the process of converting to an arbitrary grade, which is 99-99. So, it’s natural that the process will take an extended period to be completed. 

You will be given a score on each section of the US CPA Exam. It is a range from 0 to 99. 

US CPA Eligibility 

The requirements below are those who wish to take the US CPA Exam or obtain a CPA License. 

·         120-150 credits from a recognized college/university 

·         Two years of work experience. 

·         Clear Ethics exam 

·         Age limit: 18+ 

Conclusion:  

Hope this article can assist you to find the US CPA exam results. We wish the candidates all the best for the exams. 

In case of any queries contact Simandhar Education @ [phone] or you can mail us at [email protected] for more details. 

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What can you do, though, if you can’t wait for the score to be released? The “eyeball trick” comes into play at this point. To get more information please contact us-7780273388, E-mail [email protected]

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Waiting For CPA Exam Score Releases can be Nervy!

Waiting For CPA Exam Score Releases can be Nervy!

DECEMBER 17, 2021

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Do you find yourself checking to see whether your score has been revealed every 5 minutes? Is your score report something you’re looking forward to or dreading? Have you attempted the “eyeball trick” before? Let’s take a look at where you can acquire official CPA test scores, what the “eyeball trick” is (and who can do it), and how to avoid exam anxiety while you wait.

NASBA addresses frequently asked questions concerning CPA test scores, such as where to get your score report, what to do if you suspect there was a mistake on your exam, and what happens if your score release date falls after your credit for your first exam has expired. It’s also worth noting that people who take the exam in non-NASBA states (California, Illinois, and Maryland) can get their results from their state boards of accountancy. Furthermore, NASBA provides information on foreign exam administration, stating that “results for applicants testing in an overseas site are published on the same timetable as domestic scores.”

The AICPA gives score release dates, explains how the test is evaluated and provides information needed to comprehend the comments supplied in your exam performance report if you did not pass the exam (note that some jurisdictions do not offer performance reports).

WHAT EXACTLY IS THE CPA EXAM EYEBALL TRICK?

What can you do, though, if you can’t wait for the score to be released? The “eyeball trick” comes into play at this point. Candidates have worked out a way to determine if they passed or failed (but not their total score) a few hours – or even a day – before the official results are revealed. However, if you tested in a non-NASBA state, this “eyeball trick” won’t work. The following is how the “eyeball trick” is done:

• An “eyeball” indicator will appear on your score report if you took your exam in a NASBA state and you took a previous exam within that testing period. The score for the last exam is still available.

• When you click on the icon to see your report, you’ll find your current test mentioned, along with a comment that says “attended” (recognizes that you took the exam; come back later for more information), “credit” (you passed), or “no credit” (you didn’t give).

While this provides some information, the official score report will be far more valuable.

If you’ve just completed a previous section, you might be able to use the eyeball technique!

Who can make use of it?

Candidates that have already tested, gotten a score report, and have a score report accessible.

This will not work if you are a first-time exam taker (as you will not have an active report).

What is its location?

After completing each component of the NASBA site, you will be given a score report form. If that score report form is ready, it will be posted on the NASBA website under the “Score Release” page.

Please keep in mind that score reports do expire!

How do I put it to use?

On the score release day, download the score report form from the NASBA web page. When you open the pdf, the portion you’re looking for will change from “Attended” to “No credit” or “Credit.”

“No credit” implies you failed, whereas “Credit” means you passed.

When does it function?

On the day of the score release, you will use the eyeball trick. The scores are generally uploaded in alphabetical sequence (i.e., AUD, BEC, FAR, then REG).

Important note: The NASBA has routinely posted the results one day early.

What is my actual score?

You will not see your exact score until the results are revealed later that night. However, you will know if you passed or failed.

PREPARATION IS ONE OF THE MOST IMPORTANT FACTORS IN MAXIMIZING CONFIDENCE AND MINIMIZING EXAM ANXIETY.

There is certainly no way to eliminate all worry over result releases. Still, a compelling exam study may boost your confidence such that you look forward to receiving your score report rather than dreading it. Good exam preparation is primarily determined by the quality of the materials you utilized and how well you used them. How well do you believe your education prepared you for the CPA exam? Was the exam what you expected based on your preparation? If not, assess both the resources you utilized and how you used them (see below) to see if any modifications should be made.

DID YOUR RESOURCES PROVIDE ENOUGH QUANTITY AND RANGE OF STUDY MATERIALS?

1. A broader range of materials will aid in reinforcing information and may be used to several learning styles.

• Update their materials in response to changes in laws, rules, and so on?

• Can you provide instructions for each of the exam’s seven-question formats?

2. Multiple-choice questions, BEC written communication, and five different sorts of TBSs: research, journal entry, document review, options list, and free-response numeric entry.

• How can you avoid typical blunders and demonstrate “tricks” in exam questions?

• Do you provide tutoring and study materials?

• Direct you to authoritative resources for your preparation?

AND DID YOU:

• Create a study plan that takes into account your work-life balance?

• Make full use of all available materials, including videos, flashcards, MCQs, and TBSs?

• Have you taken the AICPA’s practise test and see the training videos?

• Do you collaborate with a study partner or seek tutoring?

• Do you score at least 80% on practise tests?

• Create a strategy for allocating your time on the test between MCQs and TBSs.

• Preparing for the exam by simulating the examination process?

Simandhar Education is all set for exclusivity in making the determined achieve their dream for US CPA.

For more information on the CPA course and its required skills, please feel free to Contact Simandhar Education @ [phone] or mail us at [email protected].