CPA US in India- CPA US Course vs ACCA Which Suites You Better in FY 2022 - Uplift Professionals -FY 2022

1. CPA US Course vs. ACCA: Which Suites You Better in FY 2022 - Uplift PRO [ FY 2022] Offered by Uplift Pro- Leader in US CPA course training https://www.upliftprofessionals.in

3. What is US CPA course ? • CPA US course is one the most sought accounting qualification across the globe. In India, a CPA US holder is considered as equivalent to the Indian CA.  Since US CPA course has worldwide acceptance, its scope is not restricted to one particular country. Hence a US CPA holder has plenty of job opportunities worldwide. The attractive part of the course is that it can be completed in a year. Another, key change is that the bodies involved in smooth conducting of US CPA exams in India, namely, American Institute of CPAs (AICPA), National Association of State Boards of Accountancy (NASBA) have announced to continue CPA exams test centers in India. In this article, we have also mentioned about the US CPA course fees and factors associated with it.

4. US CPA course • The availability of accounting professionals with realistic knowledge and expertise are still in derth in India. Professional courses like US CMA , CPA US course, CIMA, CIA, CFA focused on skill building in relation to applicable education and training at par with the need of the growing industry pattern are gaining importance day by day to mend the gap. • After the completion of a specialized global professional course, the employability of a job aspirant increases . This is because of the acceptability of these courses in the companies. The professional courses impart advanced skills, upgrade the inherent  skills. Therefore, these courses benefits both freshers and working professionals . • Among such courses CPA US course (Certified Public Accountant) is being considered as  the most demanding  and coveted certification for finance and accounting professionals. A professional having US CPA credential obtained through clearance of the Uniform CPA exam administered by AICPA (American Institute of Certified Public Accountants) enforces good professional standards in the field of accounting.

5. About CPA US course CPAs have expertise  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, in the global accounting arena and it’s a US designation certifying the professionals in the US accounting to perform taxation and auditing tasks. A CPA US course qualification is similar to the Indian CA qualification. Additionaly the CA qualification, a CPA will have knowledge of : 1. US Generally Accepted Accounting Principles (GAAP) 2. IFRS (International Financial Reporting Standards) 3. Generally Accepted Accounting Standards (GAAS) 4. US federal taxation and business laws This provides them an edge over the CAs in India.

6. CPA US Course vs. ACCA: Which Suites You Better -FY 2022 ? • ACCA stands for Association of Certified Chartered Accountant is a Chartered Accountant degree which is given by Association of Chartered Accountant with headquarters situated at London. The role of Work is related to inspection of accounting services to the public, private entities • CPA US course stands for Certified Public Accountant and the degree is provided by the American Institute of Certified Public Accountants (AICPA).  The field of work is related to license to accounting services to the public. To maintain the law and procedure these specialized degree holders are required to guide individuals, Small and mid-size firms and MNCs. When pertinent question arises which course, are you planning to do further, ACCA certification or US CPA exam? Will you be aiming to do both in the future? If you are confused about your plans just have a look in this article.

7. What is ACCA? • The ACCA or the Association of Chartered Certified Accountants is a body that recognizes the qualification of a CA. ACCA is a global body based in Glasgow UK which works in the interest of the public to ensure that the chartered accountants work according to the principles-based and ensures that the regulations set are properly followed. • The ACCA offers the certification in chartered accountancy and the exam known as ACCA is most recognized in the commonwealth countries. The degree was given with the intention to give protection. • The ACCA Exam consists of 14 papers and emphasis is given on the core values of integrity, accountability, diversity, and innovations, etc. The degree is accepted globally across 180 countries. The Degree has its own reputation of one hundred years and the professionals have provided services to more than 7500 employers across a different field. The 3 important steps of ACCA are applied knowledge (Diploma), Applied Skills (Advance Diploma) and essentials. • Both ACCA and CPA US course are highly qualified Accounting courses designed for professionals who are interested in making a career in Accounting, Taxation, Auditing, and Finance.

8. CPA US course vs ACCA: Application & Qualification • For US CPA course candidates must have a minimum of a 4-year bachelor’s degree and preferably a master’s degree to get a US CPA license. Almost all jurisdictions require CPAs to have at least 150 credit hours of higher education, equivalent to 5 years of full-time study (or a US master’s degree). • Before you can even sign up to take the exam, your state board will review your educational background. Then, once you are approved for the exam and receive your Notice to Schedule (NTS), you are on your own to get prepared. It is to be noted that the US CPA exam is a “qualifying exam,” not a “program.” In programs such as the ACCA and CIMA, you can get textbooks from the exam administrator, follow a syllabus, and study accordingly. CPA State Boards do not provide any courses or study materials for the US CPA Exam. In addition to passing the US CPA Exam (and an ethics exam in some states), candidates must also have 150 hours of education and at least one year of qualified experience.

9. CPA US course vs ACCA: Application & Qualification • The ACCA entry level is much lower than the CPA US course. Plus, the ACCA has two entry points depending on your education and experience. The ACCA labels these levels as “ACCA Foundations in Accountancy” and the “ACCA Qualification” level. • The foundation level is for people who are new to accountancy and don’t have an education threshold. It’s also the best place to start for people working in finance but who don’t have adequate education levels or qualifications to apply for higher-level positions. The exams at the Foundations level test your understanding of basic accounting principles. Basically, the ACCA feels that you should have mastered these topics before going for the ACCA Qualification exams. • If you’re passing the ACCA exam after CPA, you probably already have this level of knowledge. If you have more experience and/or education, you can start at the ACCA Qualification level.

10. CPA US course vs ACCA: Application & Qualification • The ACCA’s exact requirements state that you can begin at this level “as long as you have 3 GCSEs and 2 A Levels in 5 separate subjects including maths and English.” Basically, this means you need a bachelor’s or master’s degree. However, if you only have a high school diploma, you can begin the ACCA Qualification exams if you pass the ACCA Advanced Placement Examination. This test analyzes your proficiency in the material that appears in the ACCA Foundations of Accountancy program. • Unlike the US CPA, once candidates are registered, ACCA takes an active role in preparing you for the exam by providing study guides and sample exam papers. They also maintain a database of ACCA Approved Learning Partners. In addition to passing all papers for the ACCA Qualification, candidates must also take the Ethics and Professional Skills module. Additionally, they need to gain 3 years of appropriate work experience before calling themselves ACCA-certified.

11. CPA US course vs ACCA: How Much Time You Need To Pass? ACCA • Given the number of papers to pass, candidates generally need 3 to 4 years to complete all papers and become ACCA members. Candidates can sit for the papers during four exam sessions held each year. • However, candidates can only take four exams per session and a max of eight papers in a year. So, in theory, you could pass all papers in 2 years. But because of logistics issues, most need 3-4 years. Plus, candidates need 3 years of work experience before receiving their ACCA credentials. CPA US course • Most candidates aim to pass the US CPA exam within 12 to 18 months. After all, once candidates pass the first of their 4 US CPA Exam sections, they must pass the other 3 within 18 months. Candidates who have the time and commitment to study can take all exam parts in one go. • In that case, you can complete the exams within 3 to 6 months. However, please note that this timeframe requires a substantial study commitment. If you might go this route, I suggest reading about how long it takes the pass the US CPA Exam.

12. CPA US course vs ACCA: Which is Easier? • What test is tougher– ACCA or CPA? Honestly, that depends on what you consider to be tough. Is ACCA harder than the CPA? In some ways, yes. But in other ways, no. Deciding which one is tough – US CPA or ACCA – there are several factors to consider. • First, the CPA US course has fewer sections (4 exam sections vs 13 papers for the ACCA Qualification), but they are all hard. In fact, the US CPA pass rate hovers around 45-55%. Likewise, the ACCA estimates their mean pass rate is about 55%. However, CPA candidates can benefit from studying with a review course. Such review courses are now also available for ACCA.

13. US CPA Salary • Completing US CPA course helps professionals to make more money for the same job than they would if they did not hold the CPA license.  It widely noted that US CPAs get more than 15-20% more than non-CPAs working in accounting-related jobs. • Research also confirmed that the pay gap is as high as 50% between a CPA and a non-CPA. The variation in salaries reflects differences in the size of a firm, the location, level of education, and professional credentials. • According to the 2020 Robert Half Salary Guide for Accounting and Finance Professionals, hiring managers in almost each and every enterprise are scrambling to discover professional accounting and finance professionals, in particular CPAs.

14. US CPA Salary • In the public accounting sector, for instance, the revenue midpoint (or median countrywide salary) for a senior manager/director for audit/assurance offerings is $134,000, and for a senior manager/director in tax services, it’s $136,750. • The Salary Guide provides beginning profits tiers for greater than a hundred ninety accounting and finance jobs, with the capacity to alter salaries to nearby markets. These tiers signify beginning compensation solely on account that a number of hard-to-measure elements such as seniority and job overall performance can have an effect on ongoing pay.

15. About the top US CPA training institute in India, Africa, and Middle East – Uplift Pro • Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way. • Uplift Pro, is an authorized partner of Gleim in India, provides you with authentic Gleim materials, updates and Live Online Interactive Classes for CPA US by internationally experienced veteran mentors. All at an Indian Cost. 

16. Conclusion • Coming to that inherent question, ACCA vs CPA… Which One Should I opt for ACCA vs CPA ? The US CPA is arguably the most prestigious accounting qualification. • The entry barrier is high with an equivalent of a master’s degree together with strict working experience requirements. Because of these stricter requirements, the CPA Exam itself has fewer parts than the ACCA — only 4 sections compared to 14 papers for the ACCA. Some jobs can only be performed by a CPA. For example, only CPAs can sign audit reports under the US GAAP standards. Besides, only CPAs can launch a CPA firm in the US. Therefore, the CPA title has distinct advantages if you are interested in public accounting in the United States or American firms. • For ACCA, the application process is much simpler, and the entry barrier is lower than the CPA. However, it takes years to complete the studies and obtain membership. While ACCA is globally recognized, it is not as highly regarded outside the UK and Commonwealth countries

17. Some of our exclusive features include – • AffordableUS CPA course fees • CPA certified veteran TEAM of faculties • Live online classes ensuring that the regular office working hours is least impacted. Moreover, they provides class recordings. • 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course • “Till you pass” guarantee assuring that students can attend our live online classes at no extra cost until you pass • Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world • Administrative guidance on US CPA evaluation procedure • Placement assistance

19. Get in Touch With Us Location - Kolkata, India Email -  info@upliftprofessionals.in Phone- +91-9455103282 / +91-878788850 Website - https://www.upliftprofessionals US CMA page - https://www.upliftprofessionals.in/us-cpa-course