CERTIFIED PUBLIC

ACCOUNTINGIn association with USAGLEIM

®

www.myvdya.com

WHAT IS CPA?Certified Public Accountant, popularly

known as CPA, is the most coveted and

prestigious qualification in the field of

Accounting. The American Institute of

Certified Public Accountant (AICPA), the

world's l a r g e s t A c c o u n t i n g b o d y

administers the CPA examination.

A certified public accountant (CPA) is a title

provided to licensed accounting

professionals. Individuals who have passed

the Uniform CPA exam and met the state

specific public accounting experience are

given the CPA license by the Board of

Accountancy of a state of the USA. A CPA

license is the accounting profession's

highest standard of competence, a symbol

of achievement and assurance of quality.

The CPA designation helps enforce

professional standards in the accounting

industry.

The AICPA defines a CPA as "a trusted

financial advisor who helps individuals,

businesses, and other organizations plan

and reach their financial goals; whatever

those goals – saving for a new home,

opening a new office, or planning a multi-

billion-dollar merger-CPAs can help."

CPA cert ificat ion is a profess ional

recognition most beneficial for Chartered

Accountant (CA), Company Secretary (CS),

Master of Business Administration (MBA),

F inancial Advisors , Cost and Works

Accountancy (CWA), other Professionals, etc.

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WHY CHOOSE MYVDYA TO PURSUE YOUR CPA DREAM?The core competency of MyVdya is the years of vast and varied experience of our faculty –

both in the education and professional spheres. We are dedicated to helping aspirants

embark on lucrative and fulfilling careers in the field of Finance and Accountancy. Our step-

by-step guidance enables the students to navigate the complex i t ies of

eligibility/registration requirements, become adept at mastering the unique exam-cracking

techniques and comply with the post-exam licensing procedures of the CPA Certification.

The well-known and PAN-India recognized Career Coach, Sanjay Saraf is our most

experienced faculty member. Besides being a sought after teacher of all subjects related to

Finance and Accounts for almost two decades, he is well known for having a vision of the

industry requirement. He has facilitated scores of students to pursue and achieve success in

professional courses, both in India and abroad. As business becomes increasingly seamless

across geographical borders, Sanjay Saraf strongly believes in the potential of global

certifications like CFA, CPA to jumpstart careers in multinational corporates. As a

distinguished mentor, he shall be bringing his time-tested teaching skills to the MyVdya

table, imparting his in-depth knowledge and understanding to every CPA aspirants.

Another core faculty member is Disha Kedia. She is a practising Chartered Accountant as

a Partner of a six-decade old firm. She added the CPA Certification to her profile in the

early 2000, which gave her an opportunity to add a few years of hands-on experience in

the auditing profession while working for a firm in the United Kingdom. She has been

involved in many international projects before settling back in India. Her international

exposure will be valuable in advising students about what it takes to tackle the intricacies

of the CPA exam.

Tanima Guha is a Partner in a Chartered Accountants firm based in Kolkata, India. She

has worked as an Audit Manager with Price Waterhouse Coopers and as a consultant

with several international organisations. She also has the experience of teaching CPA

Curriculum in eastern India for about 12 years. She qualified as a Certified Public

Accountant from the American Institute of Certified Public Accountant in the year l998 and

acquired the Diploma in Information Systems Audit from the Institute of Chartered

Accountants of India in the year 2002.

· In-depth explanations to MCQs and simulations from the Gleim question bank

· Unlimited access to recorded videos for students who seek to revisit the

material taught.

Ravi Kedia draws experience from working in multinationals and global IT firms in

product development and consulting for a wide range of companies across the globe.

After a career in consulting with global majors, he established Orchid Technical

Consultancy Pvt Ltd in 2000. Orchid is engaged in providing Analytics Reporting and

information solutions. He is also engaged with multiple companies as a consultant.

Our vision is to provide a strong foundation to the CPA aspirants and make them reach

new heights in the professional world.

We are proud to share that our content is the richest amongst thoes providing

educational services for CPA. Our official knowledge partner Gleim brings on board the

best quality international study material with the largest bank of question and answers

for practise.

Gleim is the most recommended CPA Exam Prep provider globally and we at MyVdya

are happy to have them on board as our official Knowledge Partner. Their SmartAdapt™

technology responds to your study needs, creates a personalized study path, and lets

you know when you're exam ready. Since the release of Gleim's first CPA Review book in

1974, they have helped more than l million candidates pass the CPA Exams with t he aid of

their study materials and recommended learning techniques. With the new cutting-

edge adaptive technology creating personalized learning paths, we will help many

more candidates to secure the CPA qualification.

The key takeaways for students would also include:

· Access to periodic Live Interactive sessions and problem solving

· A systematic study schedule which provides the means to complete all 4

parts of the exam in 1 year

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CPA EXAM STAKEHOLDERS

AICPA: They are responsible to design the CPA Exam and update the exam content as

licenses are issued at state level, and you'll need to make sure that you meet your

preferred state's exam's requirement.

important ones are:

There are multiple CPA stakeholders throughout the licensing process. Few of the

and when needed.

State Jurisdictions: The branch of state government that handles the CPA licensing. CPA

NASBA (National Association of State Boards of Accountancy): Issues your Notice to

Schedule (NTS) and assists the state boards in the application process.

The testing center that administers the CPA Exam on behalf of the AICPA.Prometric:

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CPA EXAM SYLLABUS CPA is a 16-hour examination, designed to test skills and knowledge across four subjects

namely:

(ii) Business Environment and Concepts (BEC)

(i) Auditing and Attestation (AUD)

(iv) Regulation (REG)

A candidate has to complete these four-part assessments in 18 months to be eligible for

CPA license. These are computer based test held at Prometric centers in various countries

and is the same for candidates from all the countries. These tests are conducted in English

language only. Passing marks being 75 on a scale from 0 to 99. The model of testing being

Multiple Choice Question (MCQs ), Task Based Simulation (TBSs ) and Written ability.

Financial Accounting & Reporting (FAR)

(iii) Financial Accounting and Reporting (FAR)

Conceptual Framework, Standard-Setting, and Financial Reporting ~ 25 - 35%

Select Financial Statement Accounts ~ 30 - 40%

Select Transactions ~ 20 - 30%

State and Local Governments ~ 5 - 15%

Assessing Risk and Developing a Planned Response ~ 20 - 30%

Exam Duration: 4 Hours

Question pattern: 72 multiple choice questions (50% weightage) and 8 short task-based

simulations (50% weightage)

Question pattern: 66 multiple choice questions (50% weightage) and 8 short task-based

simulations (50% weightage)

Ethics, Professional Responsibilities, and General Principles ~ 15 - 25%

Exam Duration: 4 Hours

Auditing & Attestation (AUD)

Performing Further Procedures and Obtaining Evidence ~ 30 - 40%

Forming Conclusions and Reporting ~ 15 - 25%

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Exam Duration: 4 Hours

CPA EXAM SYLLABUS Regulation (REG)

Ethics, Professional Responsibilities, and Federal Tax Procedures ~ 10 - 20%

Business Law 10 - 20% Federal Taxation of Property Transactions ~ 12 - 22%

Federal Taxation of Individuals ~ 15 - 25%

Federal Taxation of Entities ~ 28 - 38%

Question pattern: 76 multiple choice questions (50% weightage) and 8 short task- based

simulations (50% weightage)

Exam Duration: 4 Hours

Business Environmental & Concepts (BEC)

Corporate Governance ~ 17 - 27%

Economic Concepts and Analysis ~ 17 - 27%

Financial Management ~ 11 - 21%

Information Technology ~ 15 - 25%

Operations Management ~ 15 - 25%

Question pattern: 62 multiple choice questions (50% weightage), 4 short task-based

simulations (35% weightage) and 3 written communication (15% weightage)

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PHASES OF CPA

Eligibility – In this phase the documents of candidate is verified and the eligibility of

candidate for various states are determined

Phase 1

Phase 2

Evaluation – Based on the eligibility criteria of various states, our team will help you

shortlist the jurisdiction. Thereafter, the documents shall be sent to the evaluation agency.

Preparation – Using our study material, learning management system and mock test the

student shall prepare for taking the CPA exam.

Phase 3

License – In the final phase student shall have to take Ethics examination and file the

document with state board, which shall help him earn the title of CPA. Though a candidate

may take exam by fulfilling 120 credit criteria, most of the state require 150 credit for a

student to get the license.

Phase 4

Phase 5

Examination – We shall help student book their prometric, get their NTS and be prepared

for examination. Credit requirement for taking exam is 120.

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THE FOUR Es OF CPA LICENSURE

Passing the CPA Exam is required for CPA licensure. With the right approach and study

materials, you can pass the CPA Exam. Gleim CPA Review contains the expert study

materials and comprehensive learning techniques you need to pass.

Although experience prerequisites differ by state, the majority of state boards require at

least 2 years of public accounting experience for CPA candidates to become licensed.

Some state boards may accept accounting experience in areas such as industry or

government, but generally, a longer period is required.

Most state boards require four steps to become a licensed CPA. These steps are popularly

known as the four Es:

EDUCATION :

Almost every state board requires candidates to earn at least 120 semester hours (the

equivalent of a bachelor's degree) before sitting for the CPA Exam and 150 semester hours

to become licensed.

EXAMINATION :

EXPERIENCE :

ETHICS :

To prove that you are an honest and respectable citizen who will uphold ethical principles

as a CPA, the majority of state boards of accountancy require you to pass an ethics exam.

While some state boards administer their own ethics exams, many utilize the Professional

Ethics Exam administered by the AICPA.

The CPA Exam is the only step that is uniform and accepted by all state boards for CPA

licensure. The remaining requirements vary by state. Find the requirements of the state

board to which you plan to apply on our state board requirement page.

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ELIGIBILITY CRITERIA FOR EXAM:

A one-year accounting diploma program from any recognised university which adds 30

credits to the student's graduation degree and such other degree, as have been specified

above, shall play a pivotal-roll in eligibility for securing credits for taking exams and/or

applying for license.

In general, each year of college education earns a candidate 30 credits, thus a 3-year

Graduation degree earns a candidate 90 credits. However, a graduation from a NAAC A

university with first division gets a 4-year bachelor's degree with 120 credits.

However, we recommend a student to connect with us to understand their eligibility, as

there are various factors which play a pivotal role in determining the eligibility for taking

exam and/or license.

Students with graduation degree like BBA/ BA/ BCA may also look forward for

opportunities available after qualifying as a US-CPA.

Ÿ B. Com / B.B.A. + CA / ICWA / CS = 150 Credits

One of the most common questions in an aspirant's mind is his eligibility to take the exam,

below combinations shall be helpful for a candidate to determine his eligibility for CPA

exams:

Ÿ B. Com / B.B.A. + MBA (2 year) = 150 Credits

Ÿ B. Com / B.B.A. + 1 Year Diploma = 120 Credits

Ÿ B. Com / B.B.A. + CA Inter/ ICWA Inter / CS Exec. = 120 Credits

Ÿ B. Com / B.B.A. + M. Com (2 year) = 150 Credits

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Ÿ Applying Notice to Schedule (NTS)

BENGALURU : 3rd Floor, Tower B, Prestige Shantiniketan, ITPL Main Rd, Thigalarapalya,

Whitefield, Bengaluru, Karnataka 560066.

Ÿ Assistance in getting CPA License

CHENNAI : Centennial Square, 3rd floor, 8909, 6th St, KG NTR Heritage, Murugesan Nagar,

Kodambakkam, Chennai, Tamil Nadu 600024.

GURGAON : 2nd Floor, DLF Infinity Tower A, Irish Tech Park, DLF City, DLF Phase 2, Sector 48,

Gurugram, Haryana 122002.

HYDERABAD : 9th Floor, Unit-2, Kapil Towers, IT Block, Survey Number: 115/1, IT Park Opp. ICICI

Bank Bldg, Serlingampally Mandal, Gachibowli, Hyderabad, Telangana 500032.

Ÿ State Board Selection

Ÿ Help in preparation for CPA exam

Ÿ Pre-eligibility screening of student

Ÿ Foreign Academic Evaluation

CPA EXAM CENTER INDIA

AHMEDABAD : 5th Floor, Unit 501, Parshwanath Esquare, 501, Corporate Rd, Prahlad Nagar,

Ahmedabad, Gujarat 380015.

KOLKATA : DN-62, 9th Floor, Tower 2, Millennium City, DN Block, Sector V, Bidhannagar, West

Bengal 700091.

TRIVANDRUM : 7th KEK Towers CV Raman Pillai Road Opp trivandrum club Vazhuthacaud,

Palayam, Thiruvananthapuram, Kerala 695010.

MUMBAI : 6th Floor Techniplex-I Techniplex Complex GATE, 2, Veer Savarkar Flyover, Liliya

Nagar, Goregaon West, Mumbai, Maharashtra 400062.

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OUR ROLE IN ACHIEVING YOUR DREAM:

CAREER OPPURTUNITIES AND BENEFITS

AFTER DOING US CPA IN INDIA

Ÿ Public Accounting

Ÿ Tax and Financial Planning

Ÿ Corporate Accounting

Ÿ Information Technology Consultancy

Ÿ Internal and External Auditing

Ÿ Financial Accounting and Reporting etc.

Ÿ Assurance Services

Ÿ International accounting

CPA not only gets, one a recognition in the society but is also a confirmation of the

knowledge base of a professional in the field of Accounts, Audit, Tax, Regulation and allied

industries. That is why the business community shows love to them by hiring them with

additional 'moolahs'. As a freshly passed CPA one may expect a starting annual package

of around 6 to 8 lacs Indian Rupees for working in India. However, it is just not the early

advantage but also the extra jump that it provides to a professional all throughout their

career. For candidates who look for strategic role in a company's board room, CPA is the

professional degree to go to. That is why it is commonly seen that professionals and

industry leaders in their later years of life, tend to upskill their knowledge set by pursuing

CPA. Following are few of the sectors which employee a large number of CPAs:

Ÿ Foreign Accounting Ÿ Financial Forensics

Ÿ Academia

Ÿ Financial Analysis

Ÿ Consulting Services

Ÿ Treasury / Cash Management

Ÿ Personal Financial Planning

Ÿ Business Valuation

Ÿ Litigation Service

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Exam fee for 4 papers USD 950

CPA FEES IN INDIAOne may break the course for pursuing CPA into 3 parts:

1. Rs. 110,000/- (paper books) / Rs. 100,000/- (e-books) Payment to be made to MyVdya for

knowledge gaining Access to Video, Practise Question and Answers, Doubt

Clearance, Counselling and Guidance, Help with respect to Evaluation, Examination

( NTS ) etc., License Assistance and Job Placement Assistance

International Testing Fees USD 1426

3. Payment to be made to US Board

2. Payment to be made to US Agency for

Foreign Academic Credential Evaluation USD 225

Connect with our team to avail the advantage of easy EMI. Overall, the cost of pursuing

CPA in India would be INR 3,00,000 approximately.

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8, Circus Market Pl, Near Quest Mall, Lower Range, Beck Bagan,

Ballygunge, Kolkata, West Bengal 700017