CPA

Certified Public Accountant CPA is a license issued in 55 states or territories of the United States that authorizes the holder to practice as a CPA in that jurisdiction. To earn the prestige associated with the CPA license, an individual is required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam, and completing a specific amount of general accounting experience. The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice. As for CPA eligibility, you need 120 credits to appear for the CPA exam and 150 credits for the CPA license. General rule: Every year of university education in India is equivalent to 30-semester credits of US education. Some state boards award credit for international professional qualifications like CA. For international CPA candidates from India, generally 3-year commerce graduates from NAAC A universities who have scored a 1 st division are awarded 120 credits
The demand for CPA has considerably grown in recent times with the substantial growth in MNCs and the Big4s in India. This shift in the trend is because of the requirement of knowledge and credibility about US GAAP, IFRS & US taxation by these multinational companies. Arent there inhouse Indian accounting professionals like Chartered Accountants CA who can meet this demand? You may ask. But, Indian qualifications like Chartered Accountant CA have limited geographical recognition and do not cover topics like IFRS & US GAAP. This increases the demand for CPA candidates in India. The demand has increased than the supply and that forced the MNCs and the Big 4s to train their CA. As CPAs. In other words, they give extensive training on the US GAAP, taxation, and the IFRS to their existing employees who are a qualified Chartered Accountant from the ICAI. For such training, the corporations approach Educational institutes like Miles Education, who are the experts in the industry in relation to the US GAAP & the IFRS.

Certified Public Accountant CPA is a license issued in 55 states or territories of the United States that authorizes the holder to practice as a CPA in that jurisdiction. To earn the prestige associated with the CPA license, an individual is required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam, and completing a specific amount of general accounting experience. The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice. As for CPA eligibility, you need 120 credits to appear for the CPA exam and 150 credits for the CPA license. General rule: Every year of university education in India is equivalent to 30-semester credits of US education. Some state boards award credit for international professional qualifications like CA. For international CPA candidates from India, generally 3-year commerce graduates from NAAC A universities who have scored a 1 st division are awarded 120 credits. The demand for CPA has considerably grown in recent times with the substantial growth in MNCs and the Big4s in India. This shift in the trend is because of the requirement of knowledge and credibility about US GAAP, IFRS & US taxation by these multinational companies. Arent there inhouse Indian accounting professionals like Chartered Accountants CA who can meet this demand? You may ask. But, Indian qualifications like Chartered Accountant CA have limited geographical recognition and do not cover topics like IFRS & US GAAP. This increases the demand for the CPA candidates in India. The demand has increased than the supply and that forced the MNCs and the Big 4s to train their CA. As CPAs. In other words they give extensive training on the US GAAP, taxation and the IFRS to their existing employees who are a qualified Chartered Accountant from the ICAI. For such training, the corporations approach Educational institutes like Miles Education, who are the experts in the industry in relation to the US GAAP & the IFRS.

Certified Public Accountant CPA is a license issued in 55 states or territories of the United States that authorizes the holder to practice as a CPA in that jurisdiction. To earn the prestige associated with the CPA license, an individual is required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam, and completing a specific amount of general accounting experience. The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice. As for CPA eligibility, you need 120 credits to appear for the CPA exam and 150 credits for a CPA license. General rule: Every year of university education in India is equivalent to 30-semester credits of US education. Some state boards award credit for international professional qualifications like CA. For international CPA candidates from India, generally 3-year commerce graduates from NAAC A universities who have scored a 1 st division are awarded 120 credits
Feel free to DM your contact information in case you need to connect to someone one on one to discuss your specific case for CPA eligibility.

CPA stands for Certified Public Accountants whereas CMA stands for Certified Management Accountants. Both these certifications are sought after certifications by most finance professionals, commerce graduates, and those who want to make their careers in the finance, accounting, taxation, business law, and regulatory fields. Considering that you meet the eligibility requirement for both credentials, I will skip commenting on that. To answer which one is better, I would say neither of these certifications is better than the other. They both are highly respected credentials and have different career paths. One can easily distinguish between the two on the basis of various parameters like the eligibility requirement, time and efforts involved, cost of the certification, salary difference, etc. And decide which one suffice their needs. If you are interested in management accounting, strategic planning, financial planning, reporting, analysis, and decision making, then CMA is a good choice. However, if you prefer auditing, tax, reporting, and regulation, then CPA is better. While CPA certification covers a broad range of competencies ranging from core financial accounting, auditing, taxation, business law, ethics, economics, the difference between US GAAP and IFRS, etc. , CMA highlights mainly on financial and accounting expertise required within the corporate world I. e. the skills required for finance managers, controller and CFO's. The CPA qualification is in existence since the early 20th century and that's why the most established qualification among the accounting industry and is good for all types of accounting jobs. It is highly recognised in the US and other parts of the world however, it comes with higher entry barriers. CMA, on the other hand, is more practical and covers the skills that are more practical and required in the corporate sector. As compared to CPA CMA is much cheaper and less time consuming too and the exams can be taken even before completing the graduation. In fact, after completing CMA, you may consider doing CPA as well as the core curriculum of these two courses is accounting only and this dual qualification can make you stand out.

CA (inter) is going to contribute to the educational credits required to be eligible to write the exam. You will not have any exemption. You will have to write all the 4 sections. Here is the brief eligibility criteria:
As for CPA eligibility, you need 120 credits to appear for the CPA exam and 150 credits for a CPA license. General rule:
Every year of university education in India is equivalent to 30-semester credits of US education. Some state boards award credit for international professional qualifications like CA. For international CPA candidates from India, generally 3-year commerce graduates from NAAC A universities who have scored a 1st division are awarded 120 credits.
Feel free to DM your contact information in case you need to connect to someone one on one to discuss your specific case for CPA eligibility.

Generally, most Indian B.Com graduates are eligible to take the CPA exam. Every year of university education in India is equivalent to 30-semester credits of US Education, totaling 90 credits at the end of 3 years. If B.Com is completed in 1st division from a NAAC 'A' university, the 3-year B.Com would be treated as 4 years of US education, I. e. , 120 credits for B.Com alone. Having a 2-year Master's degree (e. g. M.Com MBA) contributes to 60 education credits. Further, professional qualifications like CA/CS/CWA are recognised by a few States as 2 years of US education. In case yours is a NAAC 'A' college, you'd be able to appear for the exams. Even if that's not the case, you can pursue bridge courses to get the credits. For additional information, you can visit mileseducation. Com.