Friday, 4 November 2016

 


CPA 
(Certified Public Accountant)  



A CPA is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financil goals All CPAs are accountants, but not all accountants are CPAs.
Why Lets learn 
We see your successbeingbuiltonaholisticapproach,whichreflects C PA (CertifiedPublicAccountant(CPA)
 This includes building strong relationships, communication, Marketing, promotion networking and utilizing the latest accounting software.
How to become CPA?
3 E’s are required for licensure:
Education
Exam or Uniform CPA Examination
Experience
State Boards of Accountancy determine the laws and rules for each state/jurisdiction
                                              Education
Requirements vary by state/jurisdiction (see state requirements)
Most states now require 120-150 semester hours
Number of accounting hours (in the 150 total) is dependent on state requirements
Uniform CPA Examination
Computer-based format
Consists of 4 sections
Auditing and Attestation (AUD)
 Business Environment and Concepts (BEC)
 Financial Accounting and Reporting (FAR)
 Regulation (REG)
 Same test no matter where it is taken
Passing score is 75 on a 0-99 scale
Question types include multiple choice, simulation and written communication
Eligibility to sit for exam depends on stat
Examination Center

Prometric centers in UAE, Kuwait, Bahrain, Lebanon, Japan & Brazil subject to conditions.
Exam Format
Subjects               New CBTe                                                      Ex           M            T             
Paper 1 : Auditing & Attestation                                                 4              3              1             
Paper 2 : Financial Accounting & Reporting                            4              3              1             
Paper 3 : Regulation (Law & Tax)                                              3              3              1             
Paper 4 : Business Environment & Concepts                         3              3                              
 MCQ – Multiple Choice Questions
TBS – Task Based Simulation
WCT – Written Communication Task
Experience

A candidate is an applicant for a CPA license
Many states require the candidate to have 1 – 2 years’ experience under a CPA
Additional requirements vary by the candidate’s
Education – e.g., Graduate degree vs. 150 hours of undergraduate
Employer(s) – e.g., Public accounting firm vs. industry
Type of work – e.g., Tax professional vs. auditor