The acronym CPA stands for Certified Public Accountants. The American Institute of Certified Public Accountants administers the test (AICPA). Aspirants must pass the Uniform CPA Examination in order to obtain this widely recognized title. The Chartered Accountant (CA) title is equivalent to Certified Public Accountants in India.
You must have come across the phrase “CPA” countless times as an accounting student. You may also have heard from your professors and peers about how being a Certified Public Accountants allows you access to professional doors that were previously restricted to unlicensed accountants. The benefits of being a Certified Public Accountants are something to look forward to, as thrilling as that may sound. CPAs actually have it everything, from more earning possibilities to vacation opportunities. Here is all you need to know if you’re ready to start down this professional path.
The CPA test is administered by the American Institute of Certified Professional Accountants, or AICPA. The highest professional degree in accounting or finance in the US is the Certified Public Accountants license, as was previously mentioned. The fact that a bachelor’s degree in India is equivalent to 90 credits whereas one in the US is equivalent to 120 credits—the minimum amount of credits needed to sit for the CPA exam—changes the eligibility for Indian students to take the Certified Public Accountants exam. An Indian student must therefore make up the difference in the number of credits needed to take the CPA exam. In order to be eligible to sit for the Certified Public Accountants exam in the US, an applicant must fulfill the specific eligibility standards set forth by each state board.
You must have earned 120 credits before you may sit for the Certified Public Accountants exam. To become certified and obtain your full US CPA license, you must complete 150 credit hours, leaving a 30 credit gap that must be filled. To cover the gap, you can choose to earn two bachelor’s degrees or one bachelor’s degree and one master’s degree. You can enroll as a non-degree seeking student at a community college or university and complete the required 30 credits if you already have a high school diploma and do not feel the need to pursue another one.
If you are a chartered accountant, the state boards may provide you certain credits to take the CPA exam.
If you are an international CPA candidate from India and have a first division degree in any three-year commerce degree from an NAAC-A recognized university, you may also sit for the CPA exam.
Practical expertise in accounting or finance is a critical need for international students.
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