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US CMA Fees and Facts | FY 2022 | Uplift Professionals

We are in the 2022 career path to select our destination. Importantly, when it comes to different career options for a commerce graduate, the most common careers after B. Com includes US CMA, MBA, M. Com, CA to name a few. Among these, US CMA is one such impressive international course in field of management and accounting.

CMA stands for Certified Management Accountant and is offered by the Institute of Certified Management Accountants (IMA). Earning it can give you the career boost you are looking for. Moreover, they have an excellent absorption rate all over the world. Currently, CMA has presence in over 140 countries including the United States (US).

1. Benefits of US CMA

1.1 Career Growth

One of the biggest benefits of having a CMA USA is career growth and development. Several mid and senior-level individuals who wish to acquire expertise in the world of finance, management, accounting and business take-up CMA certification.

1.2 Global Opportunities

CMA USA is a global professional certification and recognized by countries like China, India, UK, Canada, Middle East countries. Above all, it presents an opportunity to settle and work abroad as well as learn about global practices and business ethics.

1.3 Increased financial success

CMA is a lucrative opportunity and can lead to tremendous financial success.

a. 58% of candidates with a CMA USA certificate see an increase in their salaries and benefits.

b. Nearly 37% of candidates between the age 20-29 globally have a salary advantage.

1.4 Short-Duration course

In addition, another advantage of taking up CMA USA is that it can be completed in 12 to 18 months. The exam is conducted thrice in one year giving ample opportunities to candidates to finish their course on time- January and February, May and June & September and October.

1.5 Versatile Certification

CMA is a versatile degree and opens to candidates from an array of specializations. Candidates with a minimum of 2 years of work experience and a bachelor degree programs from areas like engineering, business administration, economics, accountants and finance can take up this course.

2. Eligibility Criteria for US CMA

To pursue this prestigious program by IMA, you need to fulfill certain prerequisites specified by the institution. Candidates with discrepancies in their application or those who fail to meet the requirements will not be allowed to get admission in the course. Mentioned below are major entry requisites of US CMA :

2.1 IMA Membership

2.2 A bachelor’s degree from a renowned institution in a related field.

2.3 You must possess 2 continuous years of work experience in Management Accounting or Financial Accounting.

2.4 You must abide by the IMA’s Statement of Ethical Professional Practice.

3. Exam Structure

The US CMA exam is available in two parts . In order to gain this certification, it is essential for you to qualify for both these parts.

Part 1 or Part 2 examination can be taken in any order but you will only be qualified for the next one if you clear the first examination.

The registration for an exam is valid only for one exam window. Therefore, you have to register again if you wish to appear again for the exam.

The testing window opens up every year in the months of January/ February, May/ June, September/ October. Thus, you can book the slot of your choice and take the examination accordingly.

The exam is a computer-based examination. Each exam duration is 4 hours. It includes 100 MCQ questions and two 30-minute essays.

Top US CMA Exam tips – the preparation strategy [ 2021 Update] :- The most important part is the study/preparation in a guided manner having a proper schedule. Eventually, you will be adapted to the syllabus and format of the US CMA exam. But the ultimate aim is to clear the exam in shorter duration and obviously at first attempt.…continue reading

4. Syllabus

In this section, let us understand the US CMA course syllabus of Part 1 and Part 2.

5. Concerned about US CMA Fees/Costs?

The US CMA salary totally compensates for exam fees and the amount of money you’ll spend on the certification.

Meanwhile, earning US CMA requires a significant financial investment. Therefore, you should consider the exams fees in advance so you can budget properly. To do that, let’s analyze the fees you must pay to become a CMA.

5.1 US CMA Fees

Becoming a CMA is a potential pathway to a great new career or an opportunity to move up in your existing career.

People who work in the accounting profession and get their certification will automatically earn more than those who do not. While it does require a monetary and time investment, this investment definitely pays for itself. That said, most people still want to know what kind of fees they are looking at before they begin.

1. IMA Membership Fee

To register for the exam, you must have a membership with the IMA. Membership requires an annual fee and once you earn the CMA designation, you must continue to pay the IMA membership fee to keep your certification active.

The price of an IMA membership varies depending on your professional status. For example, if you’re already a working professional, choose Professional Membership. Full-time faculty members at accredited institutions would qualify for Academic Memberships, too.

However, individuals enrolled in 6 or more credit hours of classes at a college or university should choose to become Student Members.

Select the membership type which is most relevant to you. The membership you choose will determine the pricing. Thankfully, these costs are not all that high in comparison to other accounting membership fees.

Professional Membership option is the most expensive, while students get a reduced rate.

2. US CMA Entrance Fee

After paying your membership fee, you are required to pay an entrance fee. The IMA membership does not include entrance into the program, which is the route to becoming a CMA in the US. By paying the entrance fee, you’ll become eligible to pursue a US CMA certification.

Unlike the IMA membership fee, the entrance fee is a one-time cost. You will pay when you’re ready to become US CMA certified. The entrance fee depends on your membership type, though.

While the entrance fee is required, it also provides you with benefits beyond entrance into the US CMA program. In short, you’re not just paying a fee for the sake of paying a fee.

2.1 Entrance fee covers the following features and services:

A. A credential review for the educational qualification.

B. A credential review for the experience qualification, too.

C. Six months of access to the Exam Support package, which includes printable practice questions.

D. A final score reports.

E. Performance feedback reports for candidates who do not pass.

F. Personalized number certificate for office display, once you get US CMA certification.

G. Congratulatory notification to your employer or others.

3. Examination Fee

There are fees for taking the US CMA exam itself, as there are with other accounting exams and certifications. Fee is paid in order to sit for the exam.

Once you pay the exam fee, you’ll be able to register and reserve your spot. Also, you must pay the examination fee for each part of the exam you take.

The exam has 2 parts. So examination fee is paid at least twice. If you fail an exam part, you must pay this fee to take the exam again. Because of this people try to pass on the first attempt. The examination fee is the same for both exam parts. The fee also varies per membership type.

4. US CMA Fees Summary

Clearly, being a student or Academic member allows you to take the least expensive path to become a CMA. Besides, if you are a professional accountant, you are most likely making more money than a student. So, it’s easier for your salary to offset these costs. When you look at it this way, you can see that it is just another investment into the career path you choose. There are costs involved in every profession, but getting certified as a CMA will help you make more money now and in the future.

Note:

1. The student discount is for current students only (defined as those who have taken at least 6 credit hours of courses in the past semester). Graduated students do not qualify.

2. There is an extra one-time $15 application fee for first-time registration.

Source: IMA

Now, having an idea of the CMA US fees structure, lets embrace the changes in 2022

6. New US CMA Fee Schedule with effect from March 1 ’2022

According to the recent announcement by IMA, IMA membership dues and CMA program fees will increase as follows beginning March 1, 2022.

6.1 Program Fees – Student

6.2 Program Fees – Professionals

7. Hidden CMA Exam Cost

Now that you know the basics, are there any other fees or exam costs you need to be aware of? In fact, there may be some “hidden” exam costs. This is definitely something you want to know about in advance so you can prepare as much as possible. After you pay the IMA’s CMA fees, you’ll need to account for a few other expenses in order to pass the CMA Review Courses

So, how to study? The IMA does not supply study materials to candidates who enter the CMA program. So, your exam preparation options include anything from free secondhand notes to coaching classes or self-study review courses. These courses offer some of the best products from nationally renowned instructors, the flexibility of studying at home, and generally lower prices. In the US, CMA course fees range from about $600 to $1, 800.

8. Gleim CMA Review

To start, Gleim CMA Review is probably the more popular of the two courses. After all, your Gleim course comes with some of the best video lectures, audio lectures, textbooks, thousands of practice questions and hundreds of sample essays, mock exams, and a personalized study planner. Plus, all of these learning tools are supported by SmartAdapt, Gleim’s proprietary adaptive learning platform. And Gleim also gives you support from exam mentors and content experts who are available to answer questions whenever you have a problem.

9. Career Opportunities after US CMA

This ‘A’ level certification is well-recognized by leading financial and business organizations around the globe. You can explore a vast range of career opportunities after completing CMA USA and some of these are:

9.1 Average US CMA Salaries

US CMA salary in India: Results from IMA’s salary survey-2021:- The latest Middle East/Africa/ India (MEAI) CMA Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a US CMA professional is above 76% higher than non-CMAs, a strong reason why a US CMA course is a career changing qualification. continue reading…

9.2 Job Profiles –Top Companies after Certification

a. Deloitte

b. PwC

c. KPMG

d. EY

e. Accenture

f. Genpact

g. InterTrust

h. Knowcraft Analytics

i. Cognizant

j. Grant Thornton

k. MaxLife Insurance

l. JP Morgan Chase

m. MasterCard

n. Barclays

o. Morgan Stanley

p. HP

10. Conclusion

In conclusion, it can be stated that successful completion of a US CMA course can impart you the sophisticated credential of US CMA. The certification paves the way to grab a better job and elevates your earning potential.

US CMA holders enjoy extensive career variety vis-à-vis job security than their non certified counterparts. The course is now the choice of ambitious students and professionals of accounting and finance domain for heightened chance of standing apart from the conventional accounting crowd.

Choose the best US CMA 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. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.

Exclusive features of Uplift Professionals

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. The dedicated faculty team for uplift live online US CMA classes are CMA US qualified with incredible marks and have more than 25 years working experience in the corporate world. This help the student to learn and simulate the real-life corporate working conditions which cannot be attained through a CMA pass out faculty only.

D. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. Also, provides full admin support through the dedicated Uplift WhatsApp study group. We have a pass rate of 80% in US CMA course exams.

E. Pass percentage of US CMA students” at first attempt” is about 80% in a duration of 6-9 months in comparison to near about 40-45% pass rate in a global perspective.

F. The small batch size of online classes provides effective interaction with the faculty which help personalized attention towards achieving the target of 80% “pass at first attempt”

G. Affordable US CMA course fees with special discount in your IMA fees.

H. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass. It means once you become an uplift student, you can attend unlimited live online classes till you pass at no extra cost or reregistration fees.

Other features of Uplift Professionals

I. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session, IMA registration and job assistance.

J. 120 hours of classes (Live Online Interactive Sessions) by veteran CMA faculties from Monday to Saturday from 9 pm to 10:30 pm

K. Recordings of live online classes available

L. In class mock session conducted by the faculty to make student aware of the US CMA exam pattern

M. Doubt clearing session before the exam window

N. Training on soft skills and interview techniques

O. Additional notes prepared by the faculty members on important topics

P. Administration Support towards IMA registration

Q. Job assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now

Choosing a Student Friendly Institute to Fulfil Your US CMA Dream-Uplift Pro Powered by Gleim

#uscmacourse #uscma

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upliftpro · 2 years

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US CMA Course Revised Fees and Facts in FY 2022 - IMA has recently increased program fees IMA membership dues beginning March 1, 2022. For more details -https://www.upliftprofessionals.in/us-cma-course

#uscmacourse

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upliftpro · 2 years

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If you are intererested to know on what would be the average US CMA Salary in India, then this blog will give you indepth reports on it For more details -https://www.upliftprofessionals.in/us-cma-course

#uscmasalary #uscmacourse #uscma

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upliftpro · 2 years

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What is the Average US CMA Salary in India?- Key to plan for US CMA course in 2022 - Uplift PRO | FY 2022|Uplift Professionals

US CMA course is recognized to be the Gold Standard in Management Accounting. It happens to be one of the top tier certifications in management accounting which can offer immense career opportunities to you. It is regarded as an advanced professional certification by which you can brush the financial and critical accounting management skills.

Thus, you can earn eligibility for holding job positions in different distinctions. You need to make intensive preparations for clearing the examination. You can earn attractive packages by choosing this US CMA course certification degree owing to which people love to opt for this certification course, over other accounting certifications. If you are looking for an ideal option for landing on your dream job, you should opt for this certification course on a wide scale.

US CMA salary in Fortune Companies

Top tier fortune companies such as Alcoa, 3M, Bank of America, AT&T, Cargill, Boeing, ConAgra, Johnson & Johnson, Hewlett Packard, Caterpillar, Microsoft, Xerox, Verizon, Saudi Aramco, Whirlpool, KeyCorp, Procter & Gamble provide different job opportunities to candidates, who passed the CMA examination with flying colors.

Pricing analysts, business analysts, Finance Manager, Senior Executive, Internal Auditor, and Financial Analyst can earn a salary of up to nine lakhs every year. You can find a rise in your salary as you are promoted to senior positions such as Senior Financial Modeling, Senior Financial Budgeting, Accounts Payable, Senior Financial Management, to name a few.

The earning power of the US CMA is consistent across regions, with the median salary and total compensation higher for US CMAs vs. non-CMAs for every region. In the Americas region, US CMAs earn a median salary and total compensation that is 31% and 32%, respectively, higher than non-CMAs. This is also consistent with prior years. In the Asia and Europe regions, US CMAs earn a median salary that is 29% and 32% higher, respectively, compared to non-CMAs. More specifically, the following job titles were more likely to be filled by US CMAs than non-CMAs: CFO (67%), controller (59%), director of financial planning and analysis (63%), and senior financial analyst (66%).

US CMA salary for the cost accountants

If you are a cost accountant, you are capable of earning the average salary of around 4.13 lakhs every year. The majority of people are eligible to move to different other job profiles once they earn an experience of more than ten years. Thus, in the SAP FICO or SAP SAP Financial Accounting field, you can earn higher pay.

US CMA salary for the financial Analysts

If you join as a Cost or Financial Analyst and you have passed the CMA examination, you are eligible to get an average salary of Rs. 6 to 8 lakhs every year as a fresher within India. Some of the departments in which you can earn amazing packages include Financial Modelling, Risk Control, SAP SAP Financial Accounting and Controlling, Valuation.

As you move to senior positions in these sectors and earn domain experience, your pay scale, as a US CMA professional, increases manifold and you can earn around 50 lakhs per annum.. In Middle east countries, European countries or in the US, a CMA professional learns twice or thrice as much as their peers in India. The US CMA course is a worthy investment that not only increases earnings but provides opportunities for advancement.

US CMA Salary for CFO or Chief Financial Officer

CFO or Chief Financial officers are eligible for earning a package of around 29 lakhs every year. You can earn higher and attractive packages as you earn more experience in the relevant field. CFOs, working in Fundraising, Strategic Planning, Business Strategy, Financial Analysis, and Budget Management, are eligible for earning an average salary, in the range of 9.7 lakhs to 72 lakhs every year.

The average US CMA salary, you can earn in India depends on several parameters such as marks obtained, attempts for clearing the examination, the articulation skills, the internship, and the interview. If you do your internship from a reputed and top tier organization, you are going to earn more opportunities in the market.

You can also earn a better and attractive package if you have additional degrees such as CFA, cima. If the majority of the factors work in your favor, you are sure to earn an annual salary of 8-9 lakhs every year. If you are an AIR holder, you can get a package, up to 12-15 lakhs, even when you are a fresher. On the other hand, you will find a rise of almost 30-35%, after gaining a good amount of experience in the relevant field.

You are sure to get high-status jobs after earning more salary in the industry. If you are a qualified US CMA, you can get a package of around Rs. 3-4 lakhs every month as well. It, however, depends on the total count of clients; you are handling and how perfectly you have been handling the projects. You will earn more, as you have a higher number of clients.

Average US CMA Salary in different sectors

Startups and private companies provide a lower package, in comparison to the consulting companies. In these companies, you need to earn an average salary of almost 5 lakhs in India. Well funded startups can offer a package of Rs. 4-7 lakhs per annum. On the other hand, public sector banks can earn a salary of Rs. 6-12 lakhs every year. In the Foreign Investment banks, and Elite MNC’s, you can earn an attractive and lucrative package of around 6-8 lakhs every year.

US CMA professionals, working in Indian Investment Banks, can get a salary of Rs. 7 lakhs per annum. Top Tier consulting firms can provide a salary of up to Rs. fifteen lakhs to AIR CMA holders. They also offer 16 lakhs per annum package as the candidate can clear the US CMA examination on their very first attempt.

The trend of US CMA salary depends on the industry. For instance, in the banking sector, the average CMA salary is Rs. 5.3 lakhs every year. On the other hand, in the IT industry, the average CMA US salary is ten lakhs whereas, in the manufacturing and distribution sector, the average salary is Rs. 7 lakhs. If you can manage a job in the telecommunication industry and can clear the CMA examination at the same time, you will get a salary of up to 13 lakhs. CMA professionals working in Business Process Outsourcing or BPO sector can get a package of up to 5 lakhs.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CMA, US CPA US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. 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.

Some of the exclusive features include.

A. Authorized partner of IMA and Gleim in India – Silver Approved US CMA Course Provider by IMA

B. High pass rate of 85 %

C. Live online classes ensuring that the regular office working hours is least impacted

D. 1:1 personal support from our 30 plus years of experienced CMA and CPA certified faculties

E. Affordable course fees

F. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

G. 100 % placement assistance for jobs

For more details please write us here: [email protected]

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#uscma #uscmasalary #uscmacoursedetails #uscmacourse #uscmacoursefees

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upliftpro · 2 years

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US CMA or MBA? The career dilemma in Indian context – 2022

We often face the dilemma when it comes to select a career path particularly after obtaining a B.Com degree. Among the traditional options, one is the CA course and other is the MBA(Finance). Apart from these, the new addition is the US CMA(Certified Management Accountant) – a globally accepted professional course.

For benefit of our students, here, we intend to compare the US CMA course with the MBA in Indian backdrop as follows:

Acceptance

The US CMA is a globally recognized professional certification conducted by IMA, an international body. On the other hand, MBA is an academic degree conferred by individual regional institutes where brand value of the respective institutes is reflected in the hiring process. Hence, in terms of acceptability, US CMA has much wider scope in the national as well as international job market in comparison to MBA from India.

Affordability

If we consider the cost of both the courses, one can easily see the huge gap in the expenditure. In general, a MBA costs about INR 8-50 lakhs depending on the enrollment to a general or premier business schools. To meet up this expenditure, students very often has to for an education loan.

In contrast, to complete the US CMA course certification, one has to spend a maximum of INR 1.5 lakhs only. Even some IMA approved service providers like Uplift Pro has flexible payment options to help the students who want to pursue US CMA course. Moreover, being a US CMA, one gets 5-10 times more exposure in the global job market as well as MNCs in India as compared to Indian MBAs.

Eligibility

Both MBA and US CMA require a bachelor’s degree at the entry level. However, a student pursuing B.Com can still pursue and sit for US CMA exam at the same time, while the same student is able to enroll for MBA only after completion of his/ her B.Com degree with 50% marks. Hence, US CMA has more flexible and time saving eligibility option than admission to MBA in India.

Entry

In India, pursuing MBA from a premier institute is not that easy. One has to obtain higher rank through CAT(Common Admission Test). This also need dedicated preparation, coaching help for the admission test and hefty tuition fees for the preparation. In comparison, US CMA doesn’t have any entrance test for enrollment. One can enter directly with required academic qualification and acquire required work experience to get the certificate. Thus, it saves both time and money.

Salary

In India, the salary of a MBA directly depends on the brand/name of the institute from where the student passes out. Particularly from those B schools having regular campus interviews with the top companies. Thus, passing out from a less rated college won’t allow much value addition and the salary remain at much lower side like INR 3 lakhs per year on average depending on the company and location. On the other hand, being a global certification, US CMA has great advantage in all financial sectors required by the reputed MNCs for management positions. The range of salary of a US CMA varies from 4-80 lakhs per year for entry level and senior positions respectively.

Summary

To sum up, it can be stated that, US CMA has clear cut edge over MBA in India, particularly, after B.Com, due to following reasons: a) Admission b) Affordability/ economy c) Duration d) Salary & Job opportunities

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of our exclusive features include

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties

D. Affordable US CMA course fees with special discount in your IMA fees.

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session, IMA registration and job assistance.

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#uscmacourse #uscmadetails #uscma

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upliftpro · 2 years

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For benefit of our students, here, we intend to compare the US CMA course with the MBA in Indian backdrop as follows:

Acceptance

Affordability

Eligibility

Entry

Salary

Summary

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties

D. Affordable US CMA course fees with special discount in your IMA fees.

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session, IMA registration and job assistance.

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#uscmacourse #uscma #uscmasalary

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upliftpro · 2 years

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CPA US Course Vs. ACCA : Which Suites You Better in FY 2022 ?|Uplift Professionals

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.

1.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.

2.What is CPA US course?

The American Institute of Certified Public Accountants (AICPA) holds the Certified Public Accountant (CPA US course) exam which is recognized across the globe for its competence. The AICPA is the largest accounting body in the world and anyone who wishes to work in the US or has to work with US-based clients requires taking the examination held by the AICPA. 55 states in the US have been granted the license to conduct the CPA certified exams. Each state has its own licensing requirements and pattern of the exam as none of them is controlled by any centralized body.

CPA US course can also choose any stream in Finance Field starting from Management Accounting, Financial Analyst, Auditing, Taxation, Finance Controlling, etc. The course itself includes Uniform Certified Public Accountant Examination organized by AICPA and after the exam is passed there are certain procedures which include certain ethics and the candidates have to abide by the regulatory framework guided by the respective governing body.

The professionals are entitled to Audit for Federal and State levels and can act as consultants who could guide several business houses and can act as consultants of several small and mid-size firms, for tax and audit purposes also.

Practical benefits of US CPA course – Becoming a CPA US in India is an aspiration for many finance professionals and accountants. Most CPAs agree that becoming a US CPA completely transformed their career. Please follow the link for further reading.

3. CPA US course vs ACCA: Application & Qualification

The most significant differences between ACCA and CPA are in the qualifications and the application processes.

3.1 CPA US course

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.

3.2 ACCA

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.

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.

4. CPA US course vs ACCA: Exam Content and Format

4.1 ACCA

The ACCA Qualification has several smaller exams to pass, called “papers.” The ACCA exam is divided into 13 papers as follows:

Applied Knowledge

1. Accountant in Business

2. Management Accounting

3. Financial Accounting

Applied Skills

1. Corporate and Business Law

2. Performance Management

3. Taxation

4. Financial Reporting

5. Audit and Assurance

6. Financial Management

7.Strategic Professional – Essentials

8. Strategic Business Leader

9.Strategic Business Reporting

Strategic Professional – Options (complete 2)

1. Advanced Financial Management

2. Advanced Performance Management

3. Advanced Taxation

4. Advanced Audit and Assurance

Candidates can apply to waive some papers based on their education levels. Or, they can take the “Certified Accounting Technician Qualification” assessment to waive some papers according to practical experience.

However, please note that you can only receive a maximum of nine exemptions for the Applied Knowledge and Applied Skills papers. Plus, you cannot receive any exemptions for the Strategic Professional portions. So, all candidates must sit for those papers. If you think you might qualify for any exemptions, you can use this tool from ACCA Global to find out. Some—but not all—papers are computerized. Furthermore, the exam is offered four times a year at more than 500 testing centres worldwide.

4.2 CPA US course

The US CPA Exam has 4 parts:

1. Financial Accounting & Reporting (FAR)

2. Auditing & Attestation (AUD),

3. Regulation (REG),

4. Business Environment & Concepts (BEC).

The exam is 100% computerized consisting of multiple-choice questions and task-based simulations (similar to case studies). BEC has an additional section for written responses or short essays called Written Communications.

Grading is mainly computerized, even for written communications. You can choose to take the 4 parts separately, 2 at a time, or even 4 at the same time. Although you had to wait for specific “CPA testing windows” in the past, you can now sit for the exam any time during the year. You take the exam at Prometric testing centres, which are located throughout the US and several other countries including India.

US CPA Exam 2021 – New Updates In 2020, the US CPA exam in India had few changes; the most prominent change was the introduction of the CARES Act to the REG section effective in Q4 2020. In 2021, the US CPA Exam will undergo additional changes, mainly to the AUD & BEC sections, with minor revisions to the remaining two sections – FAR & REG….continue reading

5. CPA US course vs ACCA: How Much Time You Need To Pass?

5.1 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.

5.2 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.

How to surmount the US CPA exam – the integral steps |Uplift Pro :-The unified US CPA exam in India conducted by AICPA is the gateway to achieve the hallmark in public accounting in a global perspective. The strategic steps to pass the US CPA exam in India include…continue reading…..

6.CPA US course vs ACCA: Reciprocity and Exemptions

6.1 ACCA

If someone is already a CPA, can they become an ACCA member? Well, ACCA is more generous in this regard — ACCA grants exemptions to AICPA members for several of the papers. If you are a holder of the US CPA credential, you are subsequently a member of the AICPA. Moreover, AICPA members may be able to skip the Foundations of Accountancy papers. You can check out the exemptions CPAs will receive who are interested in becoming ACCA members.

6.2 CPA US course

The US has mutual recognition agreements with 8 accounting bodies in the world. To gain a US CPA license, their members can take a simplified version of the US CPA exam known as the IQEX. However, please note that the ACCA is not among these 8 accounting bodies. Therefore, there is not an MOU for CPA, and ACCA and ACCA members do not qualify for CPA exemptions. So, if you hold an ACCA certification, you are MUST complete the CPA requirements, including 150 hours of college education (5 years).

Many ACCA members have passed the US CPA exam. However, since ACCA does not have a recognition agreement with either the National State Boards of Accountancy (NASBA) or the AICPA, ACCA members with advanced degrees find it less challenging to qualify to sit for the US CPA Exam. ACCA members with master’s degrees or higher must also have a minimum number of accounting and business courses (this number will vary by jurisdiction, and there are 55 in the United States).ACCA members without advanced degrees will need to seek education from a degree-granting institution.

7. 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.

8. CPA US course vs ACCA: Summary

8.1 ACCA

1. Recognized in UK and commonwealth countries

2. One single entity with a simple application

3. Low entry barrier: post-secondary education needed

4. Exam only offered 4 times a year

5. 500+ testing centres across the globe

6. 13 papers

7. 3-4 years to complete.

8.2 CPA US course

1. Recognized in the US and anywhere with US regional offices

2. 55 jurisdictions with complex licensing requirements

3. High entry barrier: master’s level and/or 150 hours of higher education

4. Exam offered year-round

5. Exam sites in the US + multiple other countries

6. 4 parts

7. 12-18 months to complete exam, plus an additional 1+ years of work experience (more in some jurisdictions)

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

About the top CPA US Course 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, Enrolled Agent US, ACCA UK 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.

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes and class recordings ensuring that the regular office working hours is least impacted.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that students can attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#us cpa course #cpa us course #cpa us in india

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upliftpro · 2 years

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1.What is ACCA?

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.

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.

2.What is CPA US course?

3. CPA US course vs ACCA: Application & Qualification

The most significant differences between ACCA and CPA are in the qualifications and the application processes.

3.1 CPA US course

3.2 ACCA

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.

4. CPA US course vs ACCA: Exam Content and Format

4.1 ACCA

The ACCA Qualification has several smaller exams to pass, called “papers.” The ACCA exam is divided into 13 papers as follows:

Applied Knowledge

1. Accountant in Business

2. Management Accounting

3. Financial Accounting

Applied Skills

1. Corporate and Business Law

2. Performance Management

3. Taxation

4. Financial Reporting

5. Audit and Assurance

6. Financial Management

7.Strategic Professional – Essentials

8. Strategic Business Leader

9.Strategic Business Reporting

Strategic Professional – Options (complete 2)

1. Advanced Financial Management

2. Advanced Performance Management

3. Advanced Taxation

4. Advanced Audit and Assurance

4.2 CPA US course

The US CPA Exam has 4 parts:

1. Financial Accounting & Reporting (FAR)

2. Auditing & Attestation (AUD),

3. Regulation (REG),

4. Business Environment & Concepts (BEC).

5. CPA US course vs ACCA: How Much Time You Need To Pass?

5.1 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.

5.2 CPA US course

6.CPA US course vs ACCA: Reciprocity and Exemptions

6.1 ACCA

6.2 CPA US course

7. CPA US course vs ACCA: Which is Easier?

8. CPA US course vs ACCA: Summary

8.1 ACCA

1. Recognized in UK and commonwealth countries

2. One single entity with a simple application

3. Low entry barrier: post-secondary education needed

4. Exam only offered 4 times a year

5. 500+ testing centres across the globe

6. 13 papers

7. 3-4 years to complete.

8.2 CPA US course

1. Recognized in the US and anywhere with US regional offices

2. 55 jurisdictions with complex licensing requirements

3. High entry barrier: master’s level and/or 150 hours of higher education

4. Exam offered year-round

5. Exam sites in the US + multiple other countries

6. 4 parts

7. 12-18 months to complete exam, plus an additional 1+ years of work experience (more in some jurisdictions)

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.

About the top CPA US Course training institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes and class recordings ensuring that the regular office working hours is least impacted.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that students can attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#us cpa course #us cpa exam in india

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upliftpro · 2 years

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CPA US course Job Opportunities in India | FY 2022

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.

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.

Eligibility for the CPA US course examination

1. To appear for the CPA US course examination, it is a prerequisite to becoming a member of the Institute of Chartered Accountants of India.

2. You should be a member of the Company Secretaries in India, Member of the Institute of Cost and Works Accountants in India.

3. It is a prerequisite to a clear Master of Commerce and MBA

Career opportunity of CPA US course

The US CPA opens wider scope to work for both public and private sectors .

Below are the various career options found in the job market:

1. A CPA as Public Accountant

In public and private organizations, the auditing of financial statements is a highly specialized job. As an important member in a public accounting firm, CPAs circumscribe accounting, auditing, tax, and consulting services for clients of any capacity.

2.Role of a CPA in Business, Public Sector and NGOs

In this wider area, CPAs used to occupy a variety of designations ranging from financial analysts and staff accountants to CFOs. CPAs are responsible for recording, analyzing, and reporting financial information of organizations. The CPAs performs budgeting and internal auditing functions.

3. Role of CPAs in Specialized Sectors

CPAs provide services in certain specialized areas by conducting risk assessments. It plays an immense role by implementation of systems improvements and revisions.

The CPAs helps in management of information technology to handle enormous amounts of data generation.

4. Role of CPAs as Financial Advisor

CPAs perform the role of financial advisors to individuals by making informed financial decisions on their behalf to help them manage their financial assets associated with personal investments, savings etc like purchase of property, education, business planning to retirement planning to name a few.

In India, some of the decent jobs which a CPA US can get are listed below:

A. Director

B. Senior Financial Analyst

C. Corporate Controller

D. Risk and Compliance assessing professional

E. Personal Financial Adviser

F. Internal Auditor

G. Software Accountant

There are many job opportunities in India for qualified professionals. Firstly, there are the BIG4s – Deloitte, EY, etc. where the CPAs have opportunities. Seconaly, apart from the big 4s there are many more international companies like PwC India hiring CPAs even right now. According to Naukri.com there are around 26,426 job openings for a CPA in India as of now and this number keeps increasing, changing every day.

Earning your US CPA course is a lengthy process and one that will cost a lot of money to see through to the end. The benefits of being a CPA helps to get more pay . Most people who decide to pursue the CPA feel confident that the ROI is worth it. Perks of being a CPA include an increase in salary, a diverse selection of job opportunities, job security, and other benefits like the opportunity to travel.

Companies hiring CPA professionals

There is a wide assortment of opportunities for students, who qualify for the CPA US course exam in India an across the globe. For example, many global organizations having Indian offices hire the public certified accountants. As the number of CPAs is visibly less in Indian Market, the majority of the companies are sponsoring the CPAs.

There are many jobs in Financial Planning and Analysis, Taxation, Auditing, and different profiles in India. Few of the prominent companies that are hiring Certified Public Professionals include Genpact, Philips, Deloitte, Accenture, Cognizant, etc.

If you have sufficient knowledge, you will become successful as a CPA professional. Moreover, the Certified Public Accountants also work for BIG4 companies.

BIG4 happens to be one of the leading professional accounting organizations which provide taxation, assurance, auditing, accounting, risk assessment, and control, consulting, legal services, to a plethora of clients across the globe. Few popular clients of BIG4 include PWC, KPMG, Deloitte, Ernst and Young.

The services, provided by firms are in higher demand. They have gained high popularity in hiring the CPAs in India. A worth mentioning reason why these companies are hiring CPAs is that the Certified Public Accounts can provide a plethora of such services without any hassles. They are known to be well versed in US GAAP and IFRS reporting.

The CPAs work in financial service companies. Their role includes international and financial accounting, corporate governance. They are hired for different types of profiles in the financial services firm.

CPA US Salary in India

Completing US CPA course helps professionals to make more money for the same job with out CPA. Typically, the US CPAs gets more than 15-20% than non-CPAs.

Research conforms the pay gap 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 every enterprise are scrambling to find professional accounting professionals, largely CPAs.

As per Indeed Data, currently, the US CPA salary in India is INR 9.25 LPA. On the otherhand, in Indian Big 4 companies, it ranges from 12.5 to 20.4 LPA respectively.

US CPA salary in India ? In India a fresh CPA starts with a minimum salary of INR 6 Lakh annually in a Big4 or MNC. The salary increases at higher rate compared to non-certified peers. Meanwhile, a CFO can earn more than INR 1 Cr annually.

US CPA course career

Being an US CPA isn’t just a job, it’s actually a whole series of jobs and stepping stones that would conclude into an amazing career. The US CPA course opens up new opportunities including greater career path choices from which to choose. US CPA course open opportunities to get jobs abroad or new local opportunities and at a large or small accounting practice.

As the number of US CPA in India is visibly less in the Indian Market, the majority of the companies are sponsoring the CPAs. There are a plethora of jobs in Financial Planning and Analysis, Taxation, Auditing areas. Few of the prominent companies that are hiring Certified Public Professionals include Genpact, Philips, Deloitte, Accenture, Cognizant, etc.

Earning your US CPA course is a lengthy process and one that will cost a lot of money to see through to the end. Most people who decide to pursue the CPA feel confident that the ROI is worth it. Perks of being a CPA include an increase in salary, a diverse selection of job opportunities, job security, and other benefits like the opportunity to travel.

Summary

Considering the above facts, it can be stated that demand of US CPAs in India is growing to a good extent. The US CPA job opportunities in India is increasing with time. If you are willing to build a successful career and earn an attractive package in the field of accounting, the US CPA course might be a smart choice for you.

A prominent reason why people choose to become CPA is that they can find better and more opportunities within a short period. Therefore, they can gain career success without many hurdles. US CPA course is believed to be a powerful certification which will bring stability in the career.

If you are a CPA aspirant, you may seek support from Uplift Professionals, a quality training institute for US CPA in India.

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.

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes ensuring that the regular office working hours is least impacted. Moreover, they provides class recordings.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that students can attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#cpauscourse #cpausinindia

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upliftpro · 2 years

Link

About CPA US course

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.

Eligibility for the CPA US course examination

1. To appear for the CPA US course examination, it is a prerequisite to becoming a member of the Institute of Chartered Accountants of India.

2. You should be a member of the Company Secretaries in India, Member of the Institute of Cost and Works Accountants in India.

3. It is a prerequisite to a clear Master of Commerce and MBA

Career opportunity of CPA US course

The US CPA opens wider scope to work for both public and private sectors .

Below are the various career options found in the job market:

1. A CPA as Public Accountant

2.Role of a CPA in Business, Public Sector and NGOs

3. Role of CPAs in Specialized Sectors

CPAs provide services in certain specialized areas by conducting risk assessments. It plays an immense role by implementation of systems improvements and revisions.

The CPAs helps in management of information technology to handle enormous amounts of data generation.

4. Role of CPAs as Financial Advisor

In India, some of the decent jobs which a CPA US can get are listed below:

A. Director

B. Senior Financial Analyst

C. Corporate Controller

D. Risk and Compliance assessing professional

E. Personal Financial Adviser

F. Internal Auditor

G. Software Accountant

Companies hiring CPA professionals

If you have sufficient knowledge, you will become successful as a CPA professional. Moreover, the Certified Public Accountants also work for BIG4 companies.

CPA US Salary in India

Completing US CPA course helps professionals to make more money for the same job with out CPA. Typically, the US CPAs gets more than 15-20% than non-CPAs.

As per Indeed Data, currently, the US CPA salary in India is INR 9.25 LPA. On the otherhand, in Indian Big 4 companies, it ranges from 12.5 to 20.4 LPA respectively.

US CPA course career

Summary

If you are a CPA aspirant, you may seek support from Uplift Professionals, a quality training institute for US CPA in India.

About the top US CPA training institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes ensuring that the regular office working hours is least impacted. Moreover, they provides class recordings.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that students can attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#cpauscourse #cpausinindia #uscpaexaminindia

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upliftpro · 2 years

Text

Complete Guide :- CPA US Course, Details, Duration, Syllabus, Job & Salary, Exam & Pass rate, Eligibility, Fees- Uplift PRO [2022 update]

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 details and factors associated with it.

Even people who know nothing about accounting know what a CPA is. It’s a well-respected career, both within and outside of the accounting world, and you’ll feel good presenting your profession to your family, friends and colleagues. While having a high-paying, stable career is great, being happy and enjoying your career is a huge part of your life, and gaining your CPA credential will help you feel fulfilled now and into the future.

We all are aware of Certified Public Accountant i.e. US CPA in India, a globally recognized course generally equivalent to the title of chartered accountant. In the United States, CPA is considered as a license to provide accounting service to the public.

US CPAs are considered trusted advisors and is considered to be the highest level of certification, earned by an accountant. Also, the CPA title separates you from others and allows you to count yourself as a member among one of the most highly respected and prestigious professions.

A. US CPA course eligibility

The students must should have a Bachelor degree in Commerce and Masters with minimum 120 credit points. Further, the students should complete 150 hours of the CPA course semester. The details are as below

1.1 Education:

Candidates must meet the 120 credit hours (a bachelor’s degree + 30 extra credit from Master degree) to write the exam and 150 credit hours for the licensure.

The eligibility criteria of the CPA exam differ from state to state. But in major cases maximum state boards require 120 to 150 credit points. A student should have a minimum college degree of 120 credit points. Additional 20 points by covering courses like business law, management.

1.2 Experience:

Most state boards demand that, in order to apply for a CPA License, candidates must possess at least 150 credit points and at least 2 years of professional experience under a licensed CPA or equivalent (for ex: Indian CA or ACCA). After passing the CPA exam, a candidate generally gets 3 years of time to apply for the license.

2. US CPA duration

Typically its takes nearly 9-12 months to complete the course with exams conducted every month.

Practical benefits of US CPA course – Becoming a US CPA is an aspiration for many finance professionals and accountants. Most CPAs agree that becoming a US CPA completely transformed their career. When you get your CPA license, it opens a wide range of opportunities both in India and abroad. For further reading please follow the link.

3. US CPA exam syllabus

The US CPA exam in India or US CPA exams has four examinations as following:

1. Regulation (REG)

2. Auditing and Attestation (AUD)

3. Financial Accounting and Reporting (FAR)

4. Business Environment and Concepts (BEC)

The duration of each section of exam is 4 hours (total of 16 hours)

The typical question format consists of the following –

A. Multiple – Choice Questions

B. Task-Based Simulations

C. Written Communication

For more details about US CPA exam in India, click:

3.1 Below is the structure of US CPA exam.1. Regulation (REG)

2. Auditing and Attestation (AUD)

3. Financial Accounting and Reporting (FAR)

4. Business Environment and Concepts (BEC)

4. US CPA exam in India – Pass rate

Candidates appearing for exam is required to score of 75 or more on each section to pass, and each section must be passed within an 18-month window, which begins as soon as the candidate passes the first exam. CPA exam scoring is treated with a high level of importance, due diligence, and attention to accuracy.

The below table depicts the US CPA exam pass rate in last few years. As evident, the pass rate is nearly 51%. This makes CPA qualification a top most certification. To become successful in the exam, candidates needs to follow a systematic study plan and prioritize key sections.

Thinking of how to pass the exam ʔ. Don’t worry. Through training from Uplift Professionals, candidates can get expert advice on exam strategy to ensure high marks.

After clearing all 4 sections, candidates have to clear the ethics exam. After fulfilling the requirement, licence fees has to be paid to obtain the licence from the respective state board.

4.1 CPA certificate vs. license- the 2 tier system:

For CPA certificate:

1) No work experience required. 2) No requirement of continuing education. 3) Not been able to sign tax returns, audit reports or use the title on any official/ legal reports. 4) Some states though allow to use the title as prefix to name on unofficial documents like resume while others totally forbid such use.

For CPA licensure: 1) Majority of states require minimum 1-2 yrs of relevant accounting experience under a CPA. 2) Can sign tax returns and audit reports. 3) Allowed to open a CPA firm. 4) Can use the title throughout.

It has to be noted that currently, most states are not going to issue a certificate upon clearing the exam only until unless the other part is fulfilled.

Thus, a CPA certificate in most cases a kind of acknowledgement that indicate the candidate has passed the exam and met up the minimum requirement for it.

A US CPA license on the otherhand, is issued upon completion of all the requirements from a board of accountancy.

5. Continuous Testing Window

Since July 1, 2020, testing windows has been replaced by continuous testing, allowing candidates to take the Exam year-round, without restriction, other than waiting to receive scores from prior attempts of the same section or when there is a major change to the Exam. This helps candidates to write the CPA exam in India throughout the year from the following 8 Prometric centers :

1. Ahmedabad

2. Bangalore

3. Calcutta

4. Chennai

5. Hyderabad

6. Mumbai

7. New Delhi

8. Trivandrum

6. Steps to write US CPA exam in India

1. Get your eligibility verified by Uplift Pro before sending your transcripts to the US Official Evaluators.

2.Start preparing for the CPA exam. We will teach you 2 papers at a time after your working hours in live online mode and share with you the recordings of the classes as well.

3. We will also provide you an option to receive Gleim CPA Megabank (at 50% of the original cost) since Uplift Pro is an approved partner of Concorde Gleim. Gleim has helped more than 40,000 candidates worldwide pass their CPA exams in the last 20 years. Hence they are the No. 1 in this job. Trust on the Gleim Uplift support to pass the 4 papers of CPA as quickly as possible.

4. Once you are ready for the exam apply for an NTS from the US State from which you wish to be a CPA license holder. Uplift Pro will guide you in this administrative procedure.

5. After getting the NTS, contact your nearest Prometric to book your seat for the exam. Don’t forget to keep your passport ready to meet the identification procedure in the Prometric center.

7.US CPA exam in India -Score date

Decision to conduct US CPA exams in India, helps candidates to better plan for the exams. Typically AICPA publish the score release dates for the first half of a new year in December of the previous year and the second half by June of that year. The below table highlights the score release dates after sitting for a section.

Score Release: Exam sections taken 23, April – 31, December, 2021

8. US CPA course fees structure

The US CPA exam fee is generally around USD 1,200 for all four sections. However, that may slightly vary based on number of sections you appear for the exam and also varies state by state. To better plan your US CPA course fee and best approach visit our page and talk to our experts at Uplift Pro.

9. US CPA job opportunities

US CPA course is in great demand in all sectors. CPAs are meant to maintain and examine financial accounts for the public and private sectors as well as for individual clients. CPAs are authorized to hold responsible positions in financial domains ranging from startup ventures to multinational entities. Few of the prominent companies that are hiring Certified Public Professionals include Genpact, Philips, Deloitte, Accenture, Cognizant, etc.

CPAs can act as a specialist in the areas:

a. Financial Analyst

b. Management Accountant

c. Risk and Compliance Analyst

d. Tax Accountant

e. Management Consultant

f. Information Technology Auditor

g. Finance Director

10. Companies hiring US CPA professionals

There is a wide assortment of opportunities for students, who qualify for the US CPA course examination. At present, United State organizations having Indian offices are also hiring the public certified accountants. As the number of CPAs is visibly less in Indian Market, the majority of the companies are sponsoring the CPAs. Also, there are a plethora of jobs in Financial Planning and Analysis, Taxation, Auditing, and different profiles in India. Few of the prominent companies that are hiring Certified Public Professionals include Genpact, Philips, Deloitte, Accenture, Cognizant, etc. If you have sufficient knowledge, you will become successful as a CPA professional.

The Certified Public Accountants are also found to work for BIG4. BIG4 happens to be one of the leading professional accounting organizations which provide taxation, assurance, auditing, accounting, risk assessment, and control, consulting, legal services, to a plethora of clients across the globe. Few popular clients of BIG4 include PWC, KPMG, Deloitte, Ernst, and Young. The services, provided by these firms are in higher demand and thus they have gained high popularity in hiring the CPAs in India. A worth mentioning reason why these companies are hiring CPAs is that the Certified Public Accounts can provide a plethora of such services without any hassles. In addition to this, they are known to be well versed in US GAAP and IFRS reporting.

The CPAs are also known to work for financial service organizations. They are capable of handling international and financial accounting, as well as corporate governance, easily. They are hired for different types of profiles in the financial services firm.

11. 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.

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.

11.1 US CPA salary – Entry and Experienced professionals

An entry-level US Certified Public Accountant (US CPA) with much less than 1 yr journey can count on to earn an common complete compensation (includes tips, bonus, and additional time pay) of AU$58,244 based totally on 5 salaries.

An early profession US Certified Public Accountant (CPA) with 1-4 years of ride earns an common complete compensation of AU$61,607 based totally on fifty five salaries.

A mid-career US Certified Public Accountant (CPA) with 5-9 years of journey earns an common complete compensation of AU$71,954 based totally on fifty nine salaries.

A skilled US Certified Public Accountant (CPA) with 10-19 years of trip earns an common whole compensation of AU$90,945 based totally on 26 salaries. In their late profession (20 years and higher), personnel earn an common complete compensation of AU$101,500.

In Middle East countries a CPA at an entry-level with less than a year experience can expect to earn an average annual salary of AED 85,000 (including perks and other benefits).

From the smallest start-up to the biggest authorities agency, each and every commercial enterprise or corporation requires the competencies of a CPA. The US CPA credential is quite regarded. To a achievable company it skill excessive moral requirements as properly as measurable experience, education, and skills.

US CPA salary in India ? In India a fresh CPA starts with a minimum salary of INR 6 Lakh annually in a Big4 or MNC. The salary of a CPA increases at a higher rate than his non-certified peers. A CFO in India can earn more than INR 1 Cr, annually in India.

12. US CPA course career

Being an US CPA isn’t just a job, it’s actually a whole series of jobs and stepping stones that would conclude into an amazing career. The US CPA course opens up new opportunities including greater career path choices from which to choose. This can also open opportunities to get jobs abroad or new local opportunities and at a large or small accounting practice.

As the number of US CPA in India is visibly less in the Indian Market, the majority of the companies are sponsoring the CPAs. Also, there are a plethora of jobs in Financial Planning and Analysis, Taxation, Auditing, and different profiles in India. Few of the prominent companies that are hiring Certified Public Professionals include Genpact, Philips, Deloitte, Accenture, Cognizant, etc.

Earning your US CPA course is a lengthy process and one that will cost a lot of money to see through to the end. However, the benefits of being a CPA will more than pay for themselves. Most people who decide to pursue the CPA feel confident that the ROI is worth it. Perks of being a CPA include an increase in salary, a diverse selection of job opportunities, job security, and other benefits like the opportunity to travel.

About the top US CPA training institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes ensuring that the regular office working hours is least impacted. Also, provides class recordings to students.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#cpauscourse #cpausinindia #uscpacoursefees

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upliftpro · 2 years

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What is US CPA course ?

A. US CPA course eligibility

1.1 Education:

Candidates must meet the 120 credit hours (a bachelor’s degree + 30 extra credit from Master degree) to write the exam and 150 credit hours for the licensure.

1.2 Experience:

2. US CPA duration

Typically its takes nearly 9-12 months to complete the course with exams conducted every month.

3. US CPA exam syllabus

The US CPA exam in India or US CPA exams has four examinations as following:

1. Regulation (REG)

2. Auditing and Attestation (AUD)

3. Financial Accounting and Reporting (FAR)

4. Business Environment and Concepts (BEC)

The duration of each section of exam is 4 hours (total of 16 hours)

The typical question format consists of the following –

A. Multiple – Choice Questions

B. Task-Based Simulations

C. Written Communication

For more details about US CPA exam in India, click:

3.1 Below is the structure of US CPA exam.1. Regulation (REG)

2. Auditing and Attestation (AUD)

3. Financial Accounting and Reporting (FAR)

4. Business Environment and Concepts (BEC)

4. US CPA exam in India – Pass rate

Thinking of how to pass the exam ʔ. Don’t worry. Through training from Uplift Professionals, candidates can get expert advice on exam strategy to ensure high marks.

After clearing all 4 sections, candidates have to clear the ethics exam. After fulfilling the requirement, licence fees has to be paid to obtain the licence from the respective state board.

4.1 CPA certificate vs. license- the 2 tier system:

For CPA certificate:

It has to be noted that currently, most states are not going to issue a certificate upon clearing the exam only until unless the other part is fulfilled.

Thus, a CPA certificate in most cases a kind of acknowledgement that indicate the candidate has passed the exam and met up the minimum requirement for it.

A US CPA license on the otherhand, is issued upon completion of all the requirements from a board of accountancy.

5. Continuous Testing Window

1. Ahmedabad

2. Bangalore

3. Calcutta

4. Chennai

5. Hyderabad

6. Mumbai

7. New Delhi

8. Trivandrum

6. Steps to write US CPA exam in India

1. Get your eligibility verified by Uplift Pro before sending your transcripts to the US Official Evaluators.

2.Start preparing for the CPA exam. We will teach you 2 papers at a time after your working hours in live online mode and share with you the recordings of the classes as well.

4. Once you are ready for the exam apply for an NTS from the US State from which you wish to be a CPA license holder. Uplift Pro will guide you in this administrative procedure.

5. After getting the NTS, contact your nearest Prometric to book your seat for the exam. Don’t forget to keep your passport ready to meet the identification procedure in the Prometric center.

7.US CPA exam in India -Score date

Score Release: Exam sections taken 23, April – 31, December, 2021

8. US CPA course fees structure

9. US CPA job opportunities

CPAs can act as a specialist in the areas:

a. Financial Analyst

b. Management Accountant

c. Risk and Compliance Analyst

d. Tax Accountant

e. Management Consultant

f. Information Technology Auditor

g. Finance Director

10. Companies hiring US CPA professionals

11. US CPA Salary

11.1 US CPA salary – Entry and Experienced professionals

An early profession US Certified Public Accountant (CPA) with 1-4 years of ride earns an common complete compensation of AU$61,607 based totally on fifty five salaries.

A mid-career US Certified Public Accountant (CPA) with 5-9 years of journey earns an common complete compensation of AU$71,954 based totally on fifty nine salaries.

In Middle East countries a CPA at an entry-level with less than a year experience can expect to earn an average annual salary of AED 85,000 (including perks and other benefits).

12. US CPA course career

Being an US CPA isn’t just a job, it’s actually a whole series of jobs and stepping stones that would conclude into an amazing career. The US CPA course opens up new opportunities including greater career path choices from which to choose. This can also open opportunities to get jobs abroad or new local opportunities and at a large or small accounting practice.

About the top US CPA training institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes ensuring that the regular office working hours is least impacted. Also, provides class recordings to students.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#cpauscourse #cpausinindia #uscpacoursefees

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upliftpro · 2 years

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Unlike any other accounting exams, US CPA exam in India requires correct planning, constant motivation and guidance from experts. In this era of competitive world, preparing for such exams is taking a mental or emotional toll on students. Further there are not much articles or discussion groups dedicated to discussing the topic.

Almost every US CPA exam candidate can say that they’ve experienced lack of clarity and guidance during the course of their studying at least a few times, if not many. In this perspective, we have put together some tips and strategies that will help students to succeed in US CPA exam in India.

Understand the syllabus and keep updated

The key element of any course is understand the subject and syllabus. Student’s preparing for the US CPA exam in India, should understand on how the exam is and what all aspects are critical for the exam. For Exam content, look no further than the US CPA exam blueprints.

It is advisable to review for any changes in the syllabus and plan accordingly. It is observed that exam blueprints are typically published one to two times per year and detail the minimum level of knowledge and skills you must have to qualify for initial license. The latest details of syllabus is highlighted in the blog.

Create a detailed study plan

Developing a clear cut study plan is the primary aspect for any exam. Keeping the testing date in mind and the total amount of time, you have in hand, for study, prepare a detailed weekly and monthly plan with aim to complete the subjects well in advance of US CPA exam in India. You require choosing a testing date and then draft a plan. Thus, you will make the preparations according to the time, remaining left.

You need to take a look at the calendar and mark those days where you cannot study owing to unavoidable circumstances. Now, you need to calculate the number of hours, for which you can study every week. Next, you need to calculate the number of weeks, you require for reaching the total count of the study hours. It is essential to choose a testing date, close to the testing window so that there is sufficient time for rescheduling, as required.

Plan for the best time to prepare for CPA exam every day

In line with the above point it is advisable to craft a daily study routine. Keep daily targets and ensure that each day is used to maximize the amount of studying you get done every day and you get sufficient time at the end for quick revision.

Book for US CPA Exam well in advance

Once you are done with study plan, it is also important to find the exam centers and the dates available. It is recommended to book for exams as early as possible and the longer you procrastinate the harder it will become to pass.

Candidates appearing for exam is required to score of 75 or more on each section to pass, and each section must be passed within an 18-month window, which begins as soon as the candidate passes the first exam. US CPA exam scoring is treated with a high level of importance, due diligence, and attention to accuracy.

It is recommended to start with the section which you are most familiar with and move forward with there. Always dedicate more time for sections which has less pass rates like BEC in US CPA exam.

Mental Preparation for the exam

Along with studies, it is important for students to find relaxation time also. It is essential to make periodic break in your study plan for activities not related to studying. This helps students to become more productive and concentrate more for studying. Make sure that time allocated for studying or for replacing is utilized properly. Always focus only one goal at a time. If you are not 100% mentally prepared to pass the US CPA exam then you will procrastinate, lose focus and fail.

Seek support from experts

Getting guidance from a supportive group of people can put your mind at ease and help you get through rough study days. Like all other exams, US CPA course too has a specified exam pattern and the candidate needs to undergo lots of practice those questions to score high marks in the exams. Make sure that you get right mentors for preparing the exams.

It is recommended to start with the section which you are most familiar with and move forward with there. Always dedicate more time for sections which has less pass rates like BEC exams.

Moreover the US CPA exam patterns are different from the patterns we follow in India or the Asian countries. The key decision is choosing the best US CPA course training institute. Getting guidance from an established training institute not only helps in understanding theoretical subjects, but also attending mock exams, job placement assistance and soft skill training.

About the top US CPA training institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes ensuring that the regular office working hours is least impacted. Also, provides class recordings to students.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#uscpaexaminindia #USCPA #cpauscourse

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upliftpro · 2 years

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Why one should go for the US CMA out of other related courses in finance and accounts? .The most pertinent question comes to every aspirant be a student or a professional in finance sector. Despite efforts, expenditure and time , does it really worth in essence? What value is imparted to one’s CV upon passing US CMA exam and becoming a US CMA finally. Let’s try to shed some light in this scenario with a realistic attitude.

Indulging in to the motivations to become a US CMA, it’s important to understand the benefits being enjoyed by the existing US CMA holders. Looking into this aspect will help you to take informed decision for yourself to boost your own career path and how to achieve that through your own potential.

Below are some of the salient features suggestive of the benefits of passing US CMA exam in 2022.

1. The CMA US as the Gold Standard in Management Accounting

In older accounting days, people were unaware about the US CMA course. Currently, US CMA is being considered as a very coveted designation. In fact, it is considered the “gold standard”, meaning it is one of the top credential in management accounting that draws immense respect. Being a rapidly growing global certification, the US CMA holders belong to the top rung of the hierarchy ladder- a great motivation for the aspirants.

The US CMA is state-of-the-art advanced professional certification customized to evaluate the critical accounting and financial management skills of an individual. In particular, this is meaningfully designed to be relevant for success in a competitive business atmosphere on a global perspective. In essence, this means one who holds a certification will obviously, be a prime candidate for job positions in India and abroad.

2. Acceptability as a Global Management Accounting Certification

While CIMA is one of the largest contender in this category, it is more or less restricted in the UK and to a lesser extent Europe and Commonwealth countries. On the otherhand, the US CMA is growing across the globe more rapidly in comparison to CIMA.

Although, the country wise number of US CMA is still smaller, but the certification is now gaining popularity as the desired management accounting certification not only in the US but also in the fastest developing regions, namely China, Middle East and India.

The information extracted from the August 2014 edition of Strategic Finance, almost half of the new CMA candidates came from the Middle East (UAE, Egypt, Saudi Arabia, and Jordan), and almost 1/4 from the Asia Pacific (China and India).

What is US CMA Course? Frequently asked questions on US CMA |FY 2022 :- To understand the detailed overview on the US CMA course and other FAQ’s continue reading

3. US CMAs Earn More

In reality, pursuing the US CMA course, learning new things with great motivation is fine to finally pass the course but obtaining the certification ultimately will lose its shine until unless it doesn’t fetch a better-salaried job.

According to a comprehensive study by the IMA, CMA certification holders earn 67% more than their non-certified counterparts. So what is the meaning of “more”? Is it satisfying? For this, one has to stay updated on the available statistics since the global mean and median base CMA certification salary may wade and wane from year to year.

However, the figures remain high and attractive to future Certified Management Accountants, indicating it’s still a lucrative reason to consider getting a US CMA credential.

Furthermore, as per the IMA reports, the global mean base salary of 2018 was $74,344, while the global median base salary was $66,000. Ironically enough, this will supposed to rise in forthcoming years -an encouraging scenario for upcoming US CMA aspirants.

4. Imparts Practical Skill

With the advent of globalization and elevated economic growth, the industry needs are changing in the arena of accounts and finance. With respect to that, various industry journals have indicated that 80% of accountants who used to do conventional and repetitive jobs end up in non-public accounting.

Here lies the importance of US CMA because the appropriate management accounting knowledge and skills are in fact more useful for these professionals and the skills learned from becoming a CMA US are often touted as the best in the industry for the day-to-day tasks one is having as an accountant.

US CMA, thus appear the right choice for the hiring authorities since they incorporate the real time skill and knowledge beyond the conventional accountants to be the part of strategic management decision making processes in financial issues. Hence, US CMAs being considered a future-proof secured job designation with higher employable potentialities.

US CMA Course details – US CMA Certification from IMA USA: Syllabus, Eligibility, Duration, Fees, Books and Coaching :- What is US CMA Course ? To understand the detailed overview on the US CMA course and US CMA certification from IMA…continue reading

5. The Smoothness of the Course and Exam

To make the process simpler and accessible, the IMA (the CMA exam administrator) keeps things clear, simple, and organized for applicants, particularly for the international candidates with the online US CMA exam offered through prometric centers in hundreds of locations worldwide.

To be eligible for the US CMA course exam, candidates are required to have a bachelor’s degree and to be a CMA US, the candidate has to pass a rigorous exam, and secure 2 continuous years of management accounting experience to get certified.

However, the IMA makes the process of becoming a CMA as smooth as possible. This is a huge benefit to many candidates and is one leading reason why some people choose CMA over other accounting certifications.

6. Exams

The exam has 2 parts, both of which include 100 MCQs and 2 essay questions to be answered within 4 hours.

6.1 Part 1 – Financial Planning, Performance and Analytics

6.2 Part 2 – Strategic Financial Management

The exam is considered not too tough not too easy type which means with due dedication and proper study support, successful clearance of this 2 part exam at first attempt is quite achievable.

7. Scope of US CMA course in India

US CMAs are important assets in all types of organizations. Completion of the course in India opens multiple ways to improve your financial skills & management qualities. They analyze operating results, review performance, audit operations, and resolve issues that enhance the strategic objectives of the organization.

Moreover, they appreciate the business approach for managing customer value, formulating strategies, and valuing equity. They are value creators, not just merely accountants who adhere to compliance to the profession.

Corporates hire US CMA as they are considered experts in value creation and business strategy. Over the years, the prominence of the this course has been rising fabulously. It is because of the economic growth in India and large foreign business markets. One of the greatest advantages of having certification is it will open many prospects for Indian candidates.

7.1 The key drivers for US CMA course in India include

A. Growth potential in the manufacturing sector and government efforts like “Make in India” to promote Indian manufacturer’s. In this context, US CMA is huge demand in India

B. As US CMA’s are considered as experts in business strategy and cost controlling, Management consulting firms like EY, KPMG hire US CMA as management consultants for restructuring services for industries.

C. Strengthening of banking especially in rural parts of India is a key driver for the need of CMA experts.

D. Growing demand for insurance products is an opportunity for US CMAs in India.

7.2 Job positions in India

Since they are in demand in various sectors for many skills, it provides immense job opportunities in India. Below are some of the key job position once can get after completion of course.

· Research Analyst

· Cost Accountant

· Legal Advisor

· Finance Manager

· Financial Analyst

· Management Consultant

· Cost Auditor

8. US CMA Salary in India

In India, a fresh candidate in India can get a starting salary of INR 4-8 lakhs per year. This can go up to nearly INR 80 Lakhs once you become a CFO of a company.

8.1 Insights from IMA Global salary survey

The latest Global Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that holding the US CMA certification helps to add value beyond the basic compensation. The survey invitations were sent to 7,949 IMA members in the Middle East/Africa/India (MEAI) region.

A. 90% of survey respondents with certification said that US CMA gives them more confidence to perform their job at a high level. The median salary of a US CMA professional is above 76% higher than non-CMAs.

Median compensation of US CMA salary by various job roles

B. Difference in total compensation between CMAs and non-CMAs worldwide is nearly USD 23,000; a strong reason why this course is a career changing qualification.

C. 90% agree that the US CMA course helps them to work in all areas of the business, and more than 80% of respondents agree that the US CMA certification creates better career opportunities

D. Nearly 95% would recommend the certification to a friend.

8.2 Non- CMA vs.US CMA salary by region

A. Median base US CMA salary/CMA for 2020 for all participants in MEAI were USD 25,000 as compared to median based salary of USD 22,500 in year 2019.

B. Median total compensation for year 2020 stands at USD 27,000 as compared to the median total compensation of USD 25,000 during previous year.

C. Further, a majority of respondents in the middle management category, indicated that they receive a higher percentage of their total compensation largely due to bonuses based on individual or company performance.

D. The survey results indicated that respondents holding the CMA or US CMA earn a 76% higher median US CMA salary and 80% higher median total compensation compared to those who do not hold the certification.

Holding a US CMA certification also makes a person more disciplined, career oriented, smart, and motivated helping to move faster to higher management roles in the industry.

Median salary & Total compensation

Summary

By now, as seen in the last decade, about 99% of the MNCs and big companies started functioning in India and Middle East are basically of US incorporated, either directly or as a subsidiary which raise funds or listed in US stock exchanges. All these companies are required to comply with the Securities Exchange Commission (SEC).

US CMA is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, and Deloitte. They occupy managerial positions like financial controllers, Budget Analysts, Cost Auditors, Chief financial controller and many other high level positions.

Among the Middle East countries, UAE, Saudi Arabia and Egypt have the most number of IMA members representing 35%, 25% and 13% respectively. The job profiles include Financial Controller, Zakat and Taxes Supervisor, Senior Accountant, Budgeting Section Head, Group Internal Auditor, Financial Analyst etc.

Some of the Dubai based companies which hire US CMAs are Ceva Logistics, TMF Group, Transmed, Kitapi, Huhtamaki Group, KPMG, Phantom Associates, Milliman, Amazon, Sffeco Global at entry, middle and senior levels of accounting and financial management.

It has been noted that the highest number of employment for US CMAs are from the Finance /Insurance/Real Estate sectors followed by the Manufacturing Industry.

The course is pursued by students who are keen in learning budgeting and management accounting. The professionals with US CMA qualifications are preferred over other candidates, by multinational companies and established conglomerates.

In short, US CMAs are important assets in all types of organizations. Completion of the course in India is possible and opens multiple ways to improve your financial skills & management qualities.

They analyze operating results, review performance, audit operations, and resolve issues that enhance the strategic objectives of the organization.US CMAs appreciate the business approach for managing customer value, formulating strategies, and valuing equity. CMAs are value creators, not just merely accountants who adhere to compliance to the profession.

Corporates hire US CMA as they are considered experts in value creation and business strategy. Over the years, the prominence of the course has been rising fabulously. It is because of the economic growth in India and large foreign business markets. One of the greatest advantages of having US CMA certification is it will open many prospects for Indian candidates.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. The dedicated faculty team for uplift live online classes are CMA US qualified with incredible marks and have more than 25 years working experience in corporate world. This help the student to learn and simulate the real life corporate working conditions which can not be attained through a CMA pass out faculty only.

E. Pass percentage of students ” at first attempt” is about 80% in a duration of 6-9 months in comparison to near about 40-45% pass rate in a global perspective.

F. The small batch size of online classes provide effective interaction with the faculty which help personalized attention towards achieving the target of 80% “pass at first attempt”

G. Affordable US CMA course fees with special discount in your IMA fees.

I. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session, IMA registration and job assistance.

J. 120 hours of classes (Live Online Interactive Sessions) by veteran CMA faculties from Monday to Saturday from 9 pm to 10:30 pm

K. Recordings of live online classes available

L. In class mock session conducted by the faculty to make student aware of the exam pattern

M. Doubt clearing session before the exam window

N. Training on soft skills and interview techniques

O. Additional notes prepared by the faculty members on important topics

P. Administration Support towards IMA registration

Q. Job assistance

#us cma course #US CMA #US CMA Course Details

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upliftpro · 2 years

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About CPA US course

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.

Eligibility for the CPA US course examination

1. To appear for the CPA US course examination, it is a prerequisite to becoming a member of the Institute of Chartered Accountants of India.

2. You should be a member of the Company Secretaries in India, Member of the Institute of Cost and Works Accountants in India.

3. It is a prerequisite to a clear Master of Commerce and MBA

Career opportunity of CPA US course

The US CPA opens wider scope to work for both public and private sectors .

Below are the various career options found in the job market:

1. A CPA as Public Accountant

2.Role of a CPA in Business, Public Sector and NGOs

3. Role of CPAs in Specialized Sectors

CPAs provide services in certain specialized areas by conducting risk assessments. It plays an immense role by implementation of systems improvements and revisions.

The CPAs helps in management of information technology to handle enormous amounts of data generation.

4. Role of CPAs as Financial Advisor

In India, some of the decent jobs which a CPA US can get are listed below:

A. Director

B. Senior Financial Analyst

C. Corporate Controller

D. Risk and Compliance assessing professional

E. Personal Financial Adviser

F. Internal Auditor

G. Software Accountant

Companies hiring CPA professionals

If you have sufficient knowledge, you will become successful as a CPA professional. Moreover, the Certified Public Accountants also work for BIG4 companies.

CPA US Salary in India

Completing US CPA course helps professionals to make more money for the same job with out CPA. Typically, the US CPAs gets more than 15-20% than non-CPAs.

As per Indeed Data, currently, the US CPA salary in India is INR 9.25 LPA. On the otherhand, in Indian Big 4 companies, it ranges from 12.5 to 20.4 LPA respectively.

US CPA course career

Summary

If you are a CPA aspirant, you may seek support from Uplift Professionals, a quality training institute for US CPA in India.

About the top US CPA training institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes ensuring that the regular office working hours is least impacted. Moreover, they provides class recordings.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that students can attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#us cpa course #us cpa exam in india #US CPA Exam #cpa us course

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upliftpro · 2 years

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What is US CMA Course? US Certified Management Accountant (CMA) or US CMA course is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics.

The CMA is a US based, globally recognized certification offered by the Institute of Management Accountants (IMA US). IMA US has a legacy of more than 100 years and as on date the membership of US CMA certified candidates is more than 1,40,000 across 150+ countries.

A. US CMA Course- At a Glance:

1 US CMA course is a worldwide demanded qualification in Finance.

2 The US CMA course has just 2 parts.

3. US CMA exams can be cleared in 7 to 9 months time.

4. Exams are conducted online at the prometric centers.

5. Typically, the US CMA exams have 75% of the questions as MCQs (objective type) and the rests are Essay questions.

6. Pass percentage of US CMA course is globally near-about 50%,

7. US CMA course helps professionals to build a career across the globe.

8. A US CMA is respected worldwide to be the decision maker in the industry and formulate robust finance and accounting strategies.

B. US CMA Course Eligibility

1. The minimum eligibility for enrollment for the US CMA course is 12th standard pass out. However, to obtain the certificate, one has to be a graduate from an accredited Institution.

2. Furthermore, to obtain the US CMA course certificate, one has to meet up the below criteria.

3. Should have cleared both the parts of US CMA Course Exam

4. Has to be a Member of IMA.

5. Should possess two years of appropriate work experience.

C. US CMA Course Syllabus

US CMA course involve 2 part examination consists of following topics.

C.1 US CMA course Part 1 examination

a. External Financial Reporting Decisions

b. Planning, Budgeting, and Forecasting

c. Performance Management

d. Cost Management

e. Internal Controls

C2. US CMA course Part 2 examination

a. Financial Statement Analysis

b. Corporate Finance

c. Decision Analysis

d. Risk Management

e. Investment Decisions

f. Professional Ethics

The Topic wise weightage of US CMA Syllabus

For Part 1 :- External Financial Reporting Decisions(15%), Planning, Budgeting, Forecasting(20%), Performance Management(20%), Cost Management(15%), Internal Controls(15%) and Technology and Analytics(15%) respectively.

For Part 2:- Financial Statement Analysis(20%), Corporate Finance(20%), Decision Analysis(25%), Risk Management(10%), Investment Decisions(10%), Professional Ethics(15%).

D. US CMA Course Duration

One has to clear both the exam parts within 3 years of IMA registration. However, with proper guidance and study support, it can be cleared within a year.

E. US CMA Course Exam

a. The duration of each exam is 4 hours.

b. The exam consist of 100 multiple choice questions, followed by 2 essay scenarios.

c. US CMA is an online exam administered through various Prometric centers in India and abroad.

There are 3 following exam testing windows offered per annum

a. January-February

b. May-June

c. September- October

F. US CMA Course Fees

The US CMA membership, entrance and exam fees for various categories are provided in the tables below.

The IMA has announced that some CMA program fees will increase starting March 1, 2022. In short, the increased fees will help offset some of the IMA’s increased expenses related to improved member services and technology upgrades. For example, the IMA has added new CPE courses and webinars available to IMA members for no additional cost.

G. US CMA Course- Job Opportunities

US CMA is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, Deloitte and so on for the managerial positions like Financial controllers, Budget Analysts, Cost Auditors, Chief financial controller and many other high levelled positions. Since they are in demand in various sectors for many skills, the US CMAs have immense job opportunities in India like those given below and a lot more related to Finance.

1. Research Analyst

2. Cost Accountant

3. Legal Advisor

4. Finance Manager

5. Financial Analyst

6. Management Consultant

7. Cost Auditor

H. Benefits of US CMA course

US CMA is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, and Deloitte and so on for the managerial positions like financial controllers, Budget Analysts, Cost Auditors, Chief financial controller and many other high level positions.

The major recruiters among many include companies like Khobar, Harvest, CMACGM, Honeywell, Al Futtaim Group, Vodafone, Oriental Insurance etc. Notably, in the Gulf, Dubai becomes the top job provider for US CMAs. Some of the Dubai based companies which hire US CMAs are Ceva Logistics, TMF Group, Transmed, Kitapi, Huhtamaki Group, KPMG, Phantom Associates, Milliman, Amazon, Sffeco Global at entry, middle and senior levels of accounting and financial management.

It has been noted that the highest number of employment for US CMAs are from the Finance /Insurance/Real Estate sectors followed by the Manufacturing Industry

I. Nine steps to become US CMA certified

Conclusion

To sum up, it can be stated that successful completion of US CMA course can impart you the sophisticated credential of US CMA. US CMA course certification paves the way to grab a better job and elevates your earning potential. US CMA holders enjoy extensive career variety vis-à-vis job security than their non certified counter parts. US CMA course is now the choice of ambitious students and professionals of accounting and finance domain for heightened chance of standing apart from the conventional accounting crowd.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. The dedicated faculty team for uplift live online US CMA classes are CMA US qualified with incredible marks and have more than 25 years working experience in corporate world. This help the student to learn and simulate the real life corporate working conditions which can not be attained through a CMA pass out faculty only.

E. Pass percentage of US CMA students ” at first attempt” is about 80% in a duration of 6-9 months in comparison to near about 40-45% pass rate in a global perspective.

F. The small batch size of online classes provide effective interaction with the faculty which help personalized attention towards achieving the target of 80% “pass at first attempt”

G. Affordable US CMA course fees with special discount in your IMA fees.

I. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session, IMA registration and job assistance.

J. 120 hours of CMA classes (Live Online Interactive Sessions) by veteran CMA faculties from Monday to Saturday from 9 pm to 10:30 pm

K. Recordings of CMA live online classes available

L. In class mock session conducted by the faculty to make student aware of the US CMA exam pattern

M. Doubt clearing session before the US CMA exam window

N. Training on soft skills and interview techniques

O. Additional notes prepared by the faculty members on important topics

P. Administration Support towards IMA registration

Q. Job assistance

#us cma course #US CMA #US CMA Course Details

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upliftpro · 2 years

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All you want to know about US CPA exam but you are yet to ask.

So far, you have the basic/advanced academic degrees in accounts/finance and might be having some work experience too. Now you are thinking of something else, say for instance, a professional qualification to elevate your career in financial domain.

In this sojourn, you might have heard about a prestigious global credential known as US CPA course. You might have been thinking of entering the CPA US course for which you have to check your eligibility followed by evaluation of your transcripts in stipulated manner.

Upon completion of above, you are ready to take the US CPA exam from a particular US state board. Now, it is the time to know about the universal US CPA exam in India and other countries and how to approach it in an effective manner. Let’s take a brief appraisal of the US CPA exam.

A. The exam settings

There are 4 sections in the US CPA exam i .e. Financial Accounting and Reporting(FAR), Auditing and Attestation(AUD), Regulation(REG) and Business Environments and Concepts(BEC) respectively. Exams for all these sections can be taken separately and independently without any interdependence.

B. Exam Timings

Time allotment for each section is 4 hours which can be taken individually. However, it is obligatory to pass all four sections within 18 months. So, total exam time is 16 hours and the candidate has the option to select which paper to take first and accordingly the rest.

C. Mode of exam

US CPA exam uses computer based online testing platform which include written communication exercises, MCQs and task based simulations. In essence, there are 3 writing tasks, about 276 MCQs and overall 28 task based simulations which are allocated in 4 above mentioned sections of US CPA exam.

D. Exam performance evaluation

The score based evaluation is done by the AICPA who implies a grade of zero to 99 in the scale for each section. The minimum cut off grade to clear the exam is 75. The CPA US exam evaluation uses a weighted combination as follows: For FAR, AUD and REG parts, the applicable scoring scale is MCQs and task based simulations each count for 50% of the total score respectively. On the otherhand, for BEC, MCQs comprise 50%, simulations 35% and the written communications count for 15% of the total score respectively. The MCQs are set en block at different difficulty level in ascending order.

E. Exam section coverage

In US CPA exam, the FAR part demands the knowledge and appreciation of the financial reporting used in both public and private sector enterprises. It involve 66 MCQs + 8 simulations. The AUD section include the planning, reviewing, internal controls etc. Emphasis is given to international accounting standards and risk management. It incorporates 72 MCQs and 8 simulations. The REG part is concerned with business law, taxation, professional rationality, ethics etc. It consists of 76 MCQs and 8 simulations. Lastly, the BEC section demands the assessment of writing ability, lucidity, responsiveness etc on business formation, economic concepts, financial regulation and information technology. It comprises 4 simulations and 62 MCQs.

F. Exam section comparison

Among the 4 sections of US CPA exam, general notion is that FAR is tough while BEC is the easiest to clear at first attempt. It indicates that if someone takes the FAR exam first the other sections appear bit easier to pass although that might vary from person to person

Last but not the least, to pass all 4 sections of CPA US course , taking help from quality study material and a good training institute is of immense value. As for example, Gleim is one such publisher providing quality review books for US CPA exam for about 50 years and helper more than 40000 people worldwide to pass the US CPA exam.

Top preparation tips for US CPA exam in India– The US CPA exams is taking a mental or emotional toll on students. While preparing for exam its important understanding syllabus for exam, developing detailed study plan, getting guidance from experts, mental preparation, etc. continue reading…

Gleim Review Books

The most favorite aspect of these prep books is that they are written like an outline. Rather than some lengthy treatise with dense passages, the Gleim books contain very short, easy to read sections. They are broken down like an outline, containing sufficient detail but hitting the high points and keeping it concise. In other words, they are both comprehensive and succinct. It is a delicate balance to master, and Gleim has done it well.

These textbooks, which come in both digital and print form, are also well written. They clearly explain the substantive material and provide numerous examples to help demonstrate points. These specially designed outline-style books definitely improve comprehension and retention through their organization and writing style.

Gleim CPA Mega Test Bank

With respect to practice material or Mega Test Bank, Gleim offers some of the best quality and quantities around. The10,000+ multiple-choice practice questions and 560+ simulations closely resemble real CPA exam questions in both substance and testing interface. It’s mentionable that Gleim places a focus on simulations, offering more than 2x as many as any other providers (with 1,300+). In sum, the Gleim CPA Review course is a well-rounded and effective prep package that should work for every type of learner.

About the top US CPA training institute in India, Africa, and Middle East – Uplift Pro

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes ensuring that the regular office working hours is least impacted. Also, provides class recordings to students.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

#cpa us course #cpa us in india #us cpa

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