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The No.1 Chartered Accounting
Designation in the world.
Training Programme
 Certified Public Accountant
 Highest accounting qualification in the world
similar(but higher) to CA qualification in India
 American Institute of Certified Public Accountants
(AICPA) conducts the examination
 AICPA is the highest Accounting body of the world
 Member base of AICPA is in more than 126 countries
 AICPA has Refused to sign MOU with ICAI
 More than 45 % CFOs of the world hold the CPA qualification
 Starting salary of 70k USD in North America (90k if you have
an M Com)
 MOUs with all leading accounting bodies of the world
(ACCA, ICAA, CPA Australia, CA Canada)
 Highest recognition in the middle east market
 Migration to countries such as Australia & Canada becomes a
lot easier with US CPA
 Starting salary of 7-10 Lakhs in India
 Completion time of 6-8 months
 100% employability within 3 months of completion
 Starting designation of Consultant/Senior in
Fortune 100 Companies
 Expertise in US GAAP (10000 pages document and
most complicated GAAP of the world)
 With IFRS convergence due in India, USA is going to
Rule virtually
 Real life case based exams (unlike Indian pattern)
 Cost of appearing again is 2-3 Lakhs
 Technical expertise required for solving simulations
 Most of Questions are not from any question bank
(unlike CA , CS etc)
 Passing % is 75 marks, thus more expertise is needed
 Visa process is also complex
 Thorough analysis of entire technical matter
 Solving of real exam questions (unlike all other CPA
classes in India)
 Mock exams of actual length and intensity
 More emphasis on solving exam questions and
thus result oriented preparation
 Guidance on how to complete CPA along with
Indian CA or other professional Indian courses
 Qualified CPA(USA) and CA(India)
 Secured 94 Marks in Audit section of CPA (highest in
India for the window)
 Work experience with Ernst & Young - Audit of US
Financial sector companies
 Currently Working with Big4 in US Accounting Advisory
services
 Formed a US accounting firm in Washington along CPAs
in USA(SEVA LTD.)
CPAs are doing very important roles, far beyond
traditional accounting like:
 Forensic Accounting for FBI
 Leading large corporations
 Financial Planning/Accounting
 Assurance & Attest services
 Management Consulting & Performance Management
 Financial Analysis
 Information Technology as applied to accounting & auditing
 Corporate Finance (M&A, IPO, Share & Debt Issuance, VC
Funding)
 Tax Preparation & Planning
 Corporate Governance
 Income Tax
CPA‟s are needed for
 Filing US Tax Returns
 Auditing companies listed with SEC
 Conversion Services (from Local GAAP to US GAAP
/IFRS)
 Transaction/Advisory Services (M&A, Carve
outs, spinoffs )
CPAs have incredible opportunities available to them
because they are better equipped to handle
demands of the market.
 Globalization has led to huge complexities in the corporate
world
 Professionals are needed with vast knowledge of both Indian
as well US accounting principles
 US CPA has a global recognition than any Indian accounting
qualification like B Com, M Com, CA, CS, ICWA or MBA
(Finance) therefore creates huge differentiation to a recruiter
 US CPA offers much better return on time and money
invested
Course Course
Duration
Course
Cost
(Recognition) Expected
Salary
(pa) Rs.
%Employbility
within 3 months
CA 4 Years 3 lacs India 5 – 6 lacs 20-30%
CS 4 Years 3 lacs India 4 –5 lacs 20-30%
ICWA 4 Years 3 lacs India 2 – 3 lacs 20-30%
MBA
(Finance)
2 Years 3 – 5
lacs
India 3 – 5 lacs
MCOM 2 Years 2 – 3
lacs
India 1 – 1.50
lacs
CPA 6
months
2-3 lacs Global 7 – 12 lacs 95-100
** CPA can be undertaken by BCOM Graduates after passing the US Federal Tax Exam/
completing M.com 1 st year privately or regular
Course Designation
CA Associate consultant / Executive
CPA Consultant / Assistant Manager
B.Com ( SRCC) Analyst / Trainee
 Four-part Exams are prepared & administered by
American Institute of Certified Public Accountants
(AICPA)
 Registration through any one of the 55 State Boards of
Accountancy( colardo for Indians)
 Computer based tests held in authorized test centres
only in USA
 Similar examination throughout USA
 Application & Exam fees varies from state to state
 Applications can be submitted at any time of the year
 Application process takes 6-8 weeks
 Education credentials need to be evaluated by an
agency approved by the state boards
 The examination is offered in the first two months
of each calendar quarter called „testing window‟.
The examination is only offered in USA
 Candidate can take all exams in a single test window
 Cannot take specific part of the exam twice in the same
test window
 Candidate is required to pass all 4 exams within 18
months from the date first passed exam was taken
 A passing score on any section of the CPA Examination
is 75%
 Exams can be taken in any prometric centre in any state
irrespective of which state the registration is done
 Exams can be taken in any sequence
 www.nasba.org for state boards jurisdictions
 www.cpa-exam.org for exam contents and samples
 www.aicpa.org for membership info of AICPA
 www.prometric.com for locating test Centres
Pass Four Exam Called Uniform CPA Exam:-
 Auditing- 4 hours
 Financial-4 hours
 Regulation- 3 hours
 Business- 3 hours
 Engagement Acceptance and Understanding the Assignment
(12% - 16%)
 Understanding the Entity and Its Environment (16% - 20%)
 Performing Audit Procedures and Evaluating Evidence (16% -
20%)
 Evaluating Audit Findings, Communications, and Reporting
(16% - 20%)
 Accounting and Review Services Engagements (12% - 16%)
 Professional Responsibilities (16% - 20%)
 Corporate Governance (16% - 20%)
 Economic Concepts and Analysis (16% - 20%)
 Financial Management (19% - 23%)
 Information Systems and Communications (15% - 19%)
 Strategic Planning (10% – 14%)
 Operations Management (12% - 16%)
 Conceptual Framework, Standards, Standard Setting, and
Presentation of Financial Statements (17% - 23%)
 Financial Statement Accounts:
Recognition, Measurement, Valuation, Calculation, Presentation,
and Disclosures (27% - 33%)
 Specific Transactions, Events and Disclosures:
Recognition, Measurement, Valuation, Calculation, Presentation,
and Disclosures (27% - 33%)
 Governmental Accounting and Reporting (8% - 12%)
 Not-for-Profit (Nongovernmental) Accounting and Reporting (8%
- 12%)
 Ethics, Professional, and Legal Responsibilities (15% -19%)
 Business Law (17% - 21%)
 Federal Tax Process, Procedures, Accounting, and Planning
(11% - 15%)
 Federal Taxation of Property Transactions (12% - 16%)
 Federal Taxation of Individuals (13% - 19%)
 Federal Taxation of Entities (18% - 24%)
Skills Category
Weights
(FAR, REG, AUD)
Weights
(BEC)
Knowledge and Understanding 60% 85%
Application of the Body of Knowledge 40% -
Written Communication - 15%
 Examinations are administered in a series of 4 “testlets”
 3 of the testlets comprises of MCQs
 For AUD, FAR and REG, the fourth testlet will include the short
task-based simulations (TBS);
 For BEC, the fourth testlet will include the written communication
tasks
 The task-based simulations are condensed case studies that test
accounting knowledge and skills using real life work-related
situations
 The written communication tasks are designed to test writing
skills
 Task-based simulations are condensed case studies that test
accounting knowledge and skills using real life work-related
situations
 Each task-based simulation is expected to take approx. 8 –
15 minutes to complete
 All task-based simulations are intended to assess knowledge
and skills that are appropriate for an entry-level accountant
 Simulations are case studies to test the knowledge & skills
required for entry-level CPA
 While completing the task-based simulations, you will use
financial accounting, auditing, or taxation databases
 The financial accounting database will include certain
portions of the FASB and AICPA authoritative literature
 The auditing database will include certain portions of the
professional standards issued by the AICPA and the PCAOB
 The taxation database will include certain portions of the
Internal Revenue Code, as well as certain portions of the
professional standards issued by the AICPA and the PCAOB
Section MCQs TBSs
Testlet
Time
AUD 3 testlets (90
questions)
1 testlet (7 TBS) 4 hours
BEC 3 testlets (72
questions)
1 testlet (3 written
communication task)
3 hours
FAR 3 testlets (90
questions)
1 testlet (7 TBS) 4 hours
REG 3 testlets (90
questions)
1 testlet (6 TBS) 3 hours
Course
Evaluation of
Foreign Credential
Federal
Tax Exam
CA Yes No
CS, ICWA, MBA (Fin), M. Com Yes No
B. Com + CA (Int), ICWA (Int),
CS (Int)
Yes Yes
B.Com. Yes Yes
(Attested Certificates & Mark sheets of 10th Onward to be sent for evaluation)
Title USA CPA
Duration 15 full-days (Sundays)
Course
Fees
INR 1,00,000 (plus service tax) for Face
to Face
Course
Fees
INR 75,000 (plus service tax) for Online
Live Mode
Free 120hrs Revision Online Classes Free
 In financial education for more than 10 years
 Classes by well known competent faculties
 Conveniently schedule weekend class
 Bank loan facility available as well
 Orientation on:
◦ Exam functionality
◦ How to navigate questions
◦ How to use tools which are unlike those which are being used today
 Committed to our students' success
Contents
Dollars
($)
Rupees
(Rs.)
1. Study Material, Software and Classes 2000 100,000
2. Associated Cost
a) Credential evaluation with state board
b) Examination Fees of CPA
120
1000
6,000
50,000
3. Travel Cost
a) VISA & Air Fare
b) Expense in US for 10 days @ $70 per day
1000
700
50,000
35,000
Total Cost 4420 2,21,000
$1 Assuming INR 50, Courier, Bank Charges & Service Tax will
be extra
2,50,000 is the approx. cost
Modalities for payment
◦ Cheques to be couriered to 1/56 B, 1st Floor, Lalita Park,
Laxmi Nagar, Delhi-110092
◦ Cheques can be deposited in our HDFC Bank Account no.
01442000012558 in any HDFC Bank Branch
◦ For transferring funds on-line through net-banking NEFT,
branch IFSC Code is: HDFC0000144
◦ Call for Our exécutive to pick-up the cheque/cash from
your door-steps
Reference websites:
www.takshilalearning.com
 Additional fee of $550 towards exam fee for Federal Tax
Course (on-line exam + open book)
Contact Central Helpline no.
91-99581 57000

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Usa cpa prez

  • 1. The No.1 Chartered Accounting Designation in the world. Training Programme
  • 2.  Certified Public Accountant  Highest accounting qualification in the world similar(but higher) to CA qualification in India  American Institute of Certified Public Accountants (AICPA) conducts the examination  AICPA is the highest Accounting body of the world  Member base of AICPA is in more than 126 countries  AICPA has Refused to sign MOU with ICAI
  • 3.  More than 45 % CFOs of the world hold the CPA qualification  Starting salary of 70k USD in North America (90k if you have an M Com)  MOUs with all leading accounting bodies of the world (ACCA, ICAA, CPA Australia, CA Canada)  Highest recognition in the middle east market  Migration to countries such as Australia & Canada becomes a lot easier with US CPA  Starting salary of 7-10 Lakhs in India
  • 4.
  • 5.  Completion time of 6-8 months  100% employability within 3 months of completion  Starting designation of Consultant/Senior in Fortune 100 Companies  Expertise in US GAAP (10000 pages document and most complicated GAAP of the world)  With IFRS convergence due in India, USA is going to Rule virtually
  • 6.  Real life case based exams (unlike Indian pattern)  Cost of appearing again is 2-3 Lakhs  Technical expertise required for solving simulations  Most of Questions are not from any question bank (unlike CA , CS etc)  Passing % is 75 marks, thus more expertise is needed  Visa process is also complex
  • 7.  Thorough analysis of entire technical matter  Solving of real exam questions (unlike all other CPA classes in India)  Mock exams of actual length and intensity  More emphasis on solving exam questions and thus result oriented preparation  Guidance on how to complete CPA along with Indian CA or other professional Indian courses
  • 8.  Qualified CPA(USA) and CA(India)  Secured 94 Marks in Audit section of CPA (highest in India for the window)  Work experience with Ernst & Young - Audit of US Financial sector companies  Currently Working with Big4 in US Accounting Advisory services  Formed a US accounting firm in Washington along CPAs in USA(SEVA LTD.)
  • 9. CPAs are doing very important roles, far beyond traditional accounting like:  Forensic Accounting for FBI  Leading large corporations  Financial Planning/Accounting  Assurance & Attest services  Management Consulting & Performance Management  Financial Analysis  Information Technology as applied to accounting & auditing  Corporate Finance (M&A, IPO, Share & Debt Issuance, VC Funding)  Tax Preparation & Planning  Corporate Governance  Income Tax
  • 10. CPA‟s are needed for  Filing US Tax Returns  Auditing companies listed with SEC  Conversion Services (from Local GAAP to US GAAP /IFRS)  Transaction/Advisory Services (M&A, Carve outs, spinoffs )
  • 11. CPAs have incredible opportunities available to them because they are better equipped to handle demands of the market.  Globalization has led to huge complexities in the corporate world  Professionals are needed with vast knowledge of both Indian as well US accounting principles  US CPA has a global recognition than any Indian accounting qualification like B Com, M Com, CA, CS, ICWA or MBA (Finance) therefore creates huge differentiation to a recruiter  US CPA offers much better return on time and money invested
  • 12. Course Course Duration Course Cost (Recognition) Expected Salary (pa) Rs. %Employbility within 3 months CA 4 Years 3 lacs India 5 – 6 lacs 20-30% CS 4 Years 3 lacs India 4 –5 lacs 20-30% ICWA 4 Years 3 lacs India 2 – 3 lacs 20-30% MBA (Finance) 2 Years 3 – 5 lacs India 3 – 5 lacs MCOM 2 Years 2 – 3 lacs India 1 – 1.50 lacs CPA 6 months 2-3 lacs Global 7 – 12 lacs 95-100 ** CPA can be undertaken by BCOM Graduates after passing the US Federal Tax Exam/ completing M.com 1 st year privately or regular
  • 13. Course Designation CA Associate consultant / Executive CPA Consultant / Assistant Manager B.Com ( SRCC) Analyst / Trainee
  • 14.  Four-part Exams are prepared & administered by American Institute of Certified Public Accountants (AICPA)  Registration through any one of the 55 State Boards of Accountancy( colardo for Indians)  Computer based tests held in authorized test centres only in USA  Similar examination throughout USA  Application & Exam fees varies from state to state  Applications can be submitted at any time of the year  Application process takes 6-8 weeks  Education credentials need to be evaluated by an agency approved by the state boards
  • 15.  The examination is offered in the first two months of each calendar quarter called „testing window‟. The examination is only offered in USA
  • 16.  Candidate can take all exams in a single test window  Cannot take specific part of the exam twice in the same test window  Candidate is required to pass all 4 exams within 18 months from the date first passed exam was taken  A passing score on any section of the CPA Examination is 75%  Exams can be taken in any prometric centre in any state irrespective of which state the registration is done  Exams can be taken in any sequence
  • 17.  www.nasba.org for state boards jurisdictions  www.cpa-exam.org for exam contents and samples  www.aicpa.org for membership info of AICPA  www.prometric.com for locating test Centres
  • 18. Pass Four Exam Called Uniform CPA Exam:-  Auditing- 4 hours  Financial-4 hours  Regulation- 3 hours  Business- 3 hours
  • 19.  Engagement Acceptance and Understanding the Assignment (12% - 16%)  Understanding the Entity and Its Environment (16% - 20%)  Performing Audit Procedures and Evaluating Evidence (16% - 20%)  Evaluating Audit Findings, Communications, and Reporting (16% - 20%)  Accounting and Review Services Engagements (12% - 16%)  Professional Responsibilities (16% - 20%)
  • 20.  Corporate Governance (16% - 20%)  Economic Concepts and Analysis (16% - 20%)  Financial Management (19% - 23%)  Information Systems and Communications (15% - 19%)  Strategic Planning (10% – 14%)  Operations Management (12% - 16%)
  • 21.  Conceptual Framework, Standards, Standard Setting, and Presentation of Financial Statements (17% - 23%)  Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures (27% - 33%)  Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures (27% - 33%)  Governmental Accounting and Reporting (8% - 12%)  Not-for-Profit (Nongovernmental) Accounting and Reporting (8% - 12%)
  • 22.  Ethics, Professional, and Legal Responsibilities (15% -19%)  Business Law (17% - 21%)  Federal Tax Process, Procedures, Accounting, and Planning (11% - 15%)  Federal Taxation of Property Transactions (12% - 16%)  Federal Taxation of Individuals (13% - 19%)  Federal Taxation of Entities (18% - 24%)
  • 23. Skills Category Weights (FAR, REG, AUD) Weights (BEC) Knowledge and Understanding 60% 85% Application of the Body of Knowledge 40% - Written Communication - 15%
  • 24.  Examinations are administered in a series of 4 “testlets”  3 of the testlets comprises of MCQs  For AUD, FAR and REG, the fourth testlet will include the short task-based simulations (TBS);  For BEC, the fourth testlet will include the written communication tasks  The task-based simulations are condensed case studies that test accounting knowledge and skills using real life work-related situations  The written communication tasks are designed to test writing skills
  • 25.  Task-based simulations are condensed case studies that test accounting knowledge and skills using real life work-related situations  Each task-based simulation is expected to take approx. 8 – 15 minutes to complete  All task-based simulations are intended to assess knowledge and skills that are appropriate for an entry-level accountant  Simulations are case studies to test the knowledge & skills required for entry-level CPA
  • 26.  While completing the task-based simulations, you will use financial accounting, auditing, or taxation databases  The financial accounting database will include certain portions of the FASB and AICPA authoritative literature  The auditing database will include certain portions of the professional standards issued by the AICPA and the PCAOB  The taxation database will include certain portions of the Internal Revenue Code, as well as certain portions of the professional standards issued by the AICPA and the PCAOB
  • 27. Section MCQs TBSs Testlet Time AUD 3 testlets (90 questions) 1 testlet (7 TBS) 4 hours BEC 3 testlets (72 questions) 1 testlet (3 written communication task) 3 hours FAR 3 testlets (90 questions) 1 testlet (7 TBS) 4 hours REG 3 testlets (90 questions) 1 testlet (6 TBS) 3 hours
  • 28. Course Evaluation of Foreign Credential Federal Tax Exam CA Yes No CS, ICWA, MBA (Fin), M. Com Yes No B. Com + CA (Int), ICWA (Int), CS (Int) Yes Yes B.Com. Yes Yes (Attested Certificates & Mark sheets of 10th Onward to be sent for evaluation)
  • 29. Title USA CPA Duration 15 full-days (Sundays) Course Fees INR 1,00,000 (plus service tax) for Face to Face Course Fees INR 75,000 (plus service tax) for Online Live Mode Free 120hrs Revision Online Classes Free
  • 30.  In financial education for more than 10 years  Classes by well known competent faculties  Conveniently schedule weekend class  Bank loan facility available as well  Orientation on: ◦ Exam functionality ◦ How to navigate questions ◦ How to use tools which are unlike those which are being used today  Committed to our students' success
  • 31.
  • 32.
  • 33.
  • 34.
  • 35. Contents Dollars ($) Rupees (Rs.) 1. Study Material, Software and Classes 2000 100,000 2. Associated Cost a) Credential evaluation with state board b) Examination Fees of CPA 120 1000 6,000 50,000 3. Travel Cost a) VISA & Air Fare b) Expense in US for 10 days @ $70 per day 1000 700 50,000 35,000 Total Cost 4420 2,21,000 $1 Assuming INR 50, Courier, Bank Charges & Service Tax will be extra 2,50,000 is the approx. cost
  • 36. Modalities for payment ◦ Cheques to be couriered to 1/56 B, 1st Floor, Lalita Park, Laxmi Nagar, Delhi-110092 ◦ Cheques can be deposited in our HDFC Bank Account no. 01442000012558 in any HDFC Bank Branch ◦ For transferring funds on-line through net-banking NEFT, branch IFSC Code is: HDFC0000144 ◦ Call for Our exécutive to pick-up the cheque/cash from your door-steps Reference websites: www.takshilalearning.com
  • 37.  Additional fee of $550 towards exam fee for Federal Tax Course (on-line exam + open book)
  • 38. Contact Central Helpline no. 91-99581 57000