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US CPA Review Exam Preparation
Become U.S. CPA by GettingCPA Coaching in India with Phoenix
At Phoenix we train CPA aspirants to achieve their goal of becoming a CPA (Certified Public Accountant) in a targeted time frame. Our team of faculties, who are qualified CPAs with 10+ years of industry experience, are accessible for one-on-one mentoring to understand and fulfil your CPA goals.
Our structured training paths helps you build strong fundamentals and prepare you for more advanced areas in Tax, Accounting and of course land in-demand CPA certification! Phoenix offers online and offline training options for CPA course raining at Ahmedabad. Working professionals can opt for weekend training sessions.
Our Official Content Partner
Phoenix have partnered with Surgent CPA Review to complement our integrated learning approach. Surgent CPA Review offers CPA exam candidates a way to study smarter, not longer. Other courses tell students to read every textbook, watch every video, and do every MCQ. But Surgent CPA Review has the most innovative way of learning with cutting edge technology such as:
By identifying your stronger and weaker areas, and taking into consideration real CPA exam content weightings, real-time algorithms create personalized study plans that focus you on exactly where you need help. Even better, these plans continually adapt as you make your way through the course.
Surgent CPA Review is the only CPA Review course that accurately and clearly communicates to you your CPA Exam readiness. With ReadySCORE™, you know how you are performing -both overall and by topic- and when you can expect to pass the CPA Exam!
- Students who achieve a ReadySCORE of 75 or more pass 88% of the time!
- Students increase their ReadySCORE, on average, from 43 to 84 while studying with Surgent!
Results are based on students who reach at least a 75 ReadySCORE across all content groups, topics, and question types.
Surgent’s adaptive learning algorithm produces a study plan that is customized just for you—and displays it as Your Daily Surge each time you log in. It will include videos, quiz questions, and reading material that are good “next steps” based on your progress. As you move through the course, simulations will be introduced as well
Detailed Performance report will help students to identify their weak areas, which will help students to concentrate exactly where they have to.
What makes Surgent the #1 Rated CPA Review Course?
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Faster Than Other - Courses
AUD
BEC
REG
FAR
AUD
Auditing & Attestation (AUD)
The Auditing and Attestation section of the CPA Exam covers audits, attestation engagements, and preparation, compilation, and review engagements.
Here is a high-level overview of CPA exam AUD questions, which are based on below mentioned four content areas and related exam content percentages:
- Area I: Ethics, Professional Responsibilities, and General Principles 15-25%
- Area II: Assessing Risk and Developing a Planned Response 25-35%
- Area III: Performing Further Procedures and Obtaining Evidence 30-40%
- Area IV: Forming Conclusions and Reporting 10-20%
Duration of the exam: 4 hours
Question pattern: 72 multiple choice questions (50% weightage) & 8 short task-based simulations (50% weightage)
BEC
Business Environment and Concepts (BEC)
The Business Environment and Concepts (BEC) section of the CPA Exam reviews a CPA’s role within the business environment, and covers topics relating to a variety of business areas, from operations to corporate governance.
Here is a high-level overview of CPA exam BEC questions, which are based on below mentioned five content areas and related exam content percentages:
- Area I: Corporate Governance 20-30%
- Area II: Economic Concepts and Analysis 15-25%
- Area III: Financial Management 10-20%
- Area IV: Information Technology 15-25%
- Area V: Operations Management 15-25%
Duration of the exam: 4 hours
Question pattern: 62 multiple choice questions (50% weightage) & 4 short task-based simulations (35% weightage), and 3 written communication (15% weightage)
REG
Regulation (REG)
The REG CPA Exam is often broken into two parts: taxation and law. Within those topics are Business Law and Federal tax procedures for a variety of entities. While the topics are relatively similar, the breadth beneath each topic is expansive.
Here is a high-level overview of CPA exam REG questions, which are based on below mentioned five content areas and related exam content percentages:
- Area I: Corporate Governance 10-20%
- Area II Business Law 10–20%
- Area III Federal Taxation of Property Transactions 12–22%
- Area IV Federal Taxation of Individuals 15-25%
- Area V Federal Taxation of Entities 28-38%
- Duration of the exam: 4 hours
- Question pattern: 76 multiple choice questions (50% weightage) & 8 short task-based simulations (50% weightage)
FAR
Financial Accounting & Reporting (FAR)
The Financial Accounting and Reporting (FAR) section of the CPA Exam is the most comprehensive, and often regarded as the most difficult, section. It covers a wide range of topics, from how to calculate depreciation to which financial statements are required for governmental organizations.
Here is a high-level overview of CPA exam REG questions, which are based on below mentioned four content areas and related exam content percentages:
- Area I: Conceptual Framework, Standard-Setting, and Financial Reporting – 25-35%
- Area II: Select Financial Statement Accounts 30-40%
- Area III: Select Transactions 20-30%
- Area IV: State and Local Governments 5-15%
Duration of the exam: 4 hours
Question pattern: 66 multiple choice questions (50% weightage) & 8 short task-based simulations (50% weightage)
Steps to Become a Certified Public Accountant:
01.
Eligibility
Get the document verification assistance
02.
Evaluation
Juristiction (state board) allocation. Foreign credential evaluation.
03.
Preparation
Start preparing for exam. Constant evaluation through practice tests.
04.
Examination
Online application for exams. Schedule & pass the Uniform CPA Exam
05.
License
Ethics Exam. Filing required documents with the state board.
Opportunities for CPAS
Becoming a CPA takes work and effort, but the benefits go far beyond job security and salary. You are working to become an essential part of the business world.
MNC’s and Indian organizations are expanding their horizons, setting up their offices in India and other countries, respectively. This has opened opportunities for CPAs to work and gain experience in various industries such as public, corporate, nonprofit, education, government, consulting or offer services through your own accounting practice. Once you become a licensed CPA, you may choose a specialization to complement your career goals, such as:
- Assurance
- Financial Forensics
- Business Valuation
- International Accounting
- Internal and External Audit
- Consulting Services
- International Tax and much more.
If there is one thing you will not be complaining about as a CPA, it is your salary. Even new grads are offered a sizable sum, and your earning potential over time is among the best out there. CPAs are consistently well paid because they are in high demand. And when you are in high demand, you can count on career stability, a competitive salary and lots of chances to advance.
Why Choose Phoenix for US CPA Training in India
From individualized learning plans to highly experienced instructors, we deliver the expertise and tools to help you pass your exam. Here are a few of many benefits you will enjoy when you enroll with Phoenix for CPA exam preparation:
- Eligibility & development support
- Unlimited access with automatic updates
- A.S.A.P technology
- E-Books & lecture Study notes
- Printed books at lesser cost
- 7700 MCQS
- 400+ Simulations
- 350+ Videos
- Online as well as offline lectures with experienced faculties
- 1-on-1 mentoring to assess your progress and further requirements
- NTS support
- License support
- Placement service
The Team Meet Your CPA Mentors!
Lead by Mr. Vivek Shah, our team of experts CPA trainers is made up of strategists and independent thinkers, who constantly push innovation are collectively driven towards excellence in education.
Harshil Trivedi
CA, CPA
Ritesh Mittal
CA, CPA
Mansi Shah
CA, CPA
US Certified Public Accountant (CPA) FAQs
You can take the CPA during four annual testing windows: January 1-March 10, April 1-June 10, July 1-September 10, and October 1-December 10. You can complete different portions of the CPA in different testing windows.
You can take the CPA exam at a Prometric testing center, but you do not have to take all four portions of the CPA exam at the same testing center.
The CPA exam has four sections that cover different topics. You take one section at a time and can complete the sections in any order you wish.
If you should fail a section, you cannot retake that section until the next testing window. However, you can still attempt other test sections in the same testing window.
You need to earn 75 points on each portion of the certified public accountant exam. Each portion awards 0-99 points. However, not all questions influence your final score in the same way.
The CPA exam uses a weighted scoring system. All multiple-choice questions have a 50% weight. On the business environment and concepts portion, written communication questions have a 15% weight. Finally, correctly answering a difficult question awards more points than correctly answering an easier question.
For task-based simulation and written communication questions, you provide short answers. Expert graders read and score your replies. Computers grade your answers to multiple-choice questions.
You receive your scores at the end of the testing window. As a result, you may have to wait up to 90 days before viewing scores on your NASBA profile page.
Here are some effective steps you should follow to make your CPA aspirations come to fruition.
- 1. Attend the Demo lecture of a Training Center
- Select CPA Review Course
- Join a Coaching Center that Provides Practical Training
- Find a mentor for guidance
- Daily 4 hours study
- Create a study plan and strictly follow
Visit How to Become A CPA in India, for detailed information.