Certified Public Accountant(CPA) Training - Letslearnglobal

A CPA is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals

All CPAs are accountants, but not all accountants are CPAs.
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 state
• 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