Simandhar Education is delighted to announce an exclusive offer on US CPA and US CMA courses.
Enroll for US CPA Course + Free IFRS Course
&
Enroll for US CMA Course + Free IFRS Course
Offer Starts from 25th October 2020 & Ends on 15th November 2020.
For more details click: Simandhar Diwali Offer
We’ve been there in this pandemic situation for more than 9 months. At this time, most of the employees are unemployed. It is the time to hold “International Professional Certification Courses” in your hand to sustain in the competition of seeking a good job during this uncertain Covid time.
You might ask, why only professional certifications? Why not others?
India lacks the sufficient amount of accounting knowledge with good internal standard expertise and with lack of practical knowledge over the subject. Nowadays, Professional courses stand as backbone for industries. They are looking for the people who are expertise in the industries’ work, so that it’s easy for any organization, company or industry to grow. Besides, the professional courses also add value and respect to the employee.
Top Professional Courses:
Out of all the professional courses the US CPA (Certified Public Accountant) and US CMA (Certified Management Accountant) stands in the top in terms of reputed and respected certifications all over the world including India. These days, employees as well as students are learning these courses to improve their professional career for the next level.
Excited to know in detail about US CPA and US CPA?
Let’s move right in and get to know detailed insights about US CPA and US CMA courses.
US Certified Public Accountant (US CPA):
The US Certified Public Accountant is one of the best credentials in the United States which is administered by AICPA (American Institute of CPAs). One can become a US CPA by clearing the Uniform CPA exam conducted by NASBA and AICPA. Besides, the CPA aspirant need to fulfil relevant experience to certify as US CPA
US CPA Exam Format:
There are 4 sections in the US CPA exam:
- Auditing and Attestation (AUD)
- Business Environment Concepts (BEC)
- Regulation (REG)
- Financial Accounting and Reporting (FAR)
The US CPA exam consists of Multiple-Choice Questions (MCQs), Task-Based Simulations (TBS) and Written Communication Tasks.
| Section | Section Time | Multiple-Choice Questions | Task-Based Simulations | Written Communication |
| AUD | 4 Hours | 72 | 8 | – |
| BEC | 4 Hours | 62 | 4 | 3 |
| REG | 4 Hours | 76 | 8 | – |
| FAR | 4 Hours | 66 | 8 |
Benefits of US CPA Certification:
Becoming a CPA can lead to several career options:
Public Accounting: In public accounting firms, CPAs provide services encompassing accounting, auditing, tax, and consulting services for clients of any size. The auditing of financial statements of public and private companies is a highly coveted job.
Business, Government, and Not-for-Profits: In this broad field, CPAs can hold a variety of positions ranging from financial analysts and staff accountants to CFOs. They are responsible for recording, analyzing, and reporting financial information for organizations. Additionally, they perform budgeting and internal auditing functions.
Specialist: CPAs also provide services in specialized areas. CPAs assist organizations by conducting risk assessments as well as analyzing, implementing systems improvements and revisions, in managing their information technology, including the massive amounts of data collected.
Financial Advisor: CPAs also serve as financial advisors to individuals by making informed financial decisions on their behalf to help them manage their finances related to home purchases, college savings, starting a business, and retirement planning.
The CPA certification paves countless opportunities to work for some of the most renowned companies around the world.
Mentioned below are some of the best jobs in India for a CPA:
- Senior Financial Analyst
- Risk and Compliance Professional
- Corporate Controller
- Accounting Software Developer
- Information technology Accountant
- Personal Financial Advisor
- Finance Director
US Certified Management Accountant (US CMA):
The US Certified Management Accountant is one of most reputed management accounting credentials in the United States. It is the certification issued by IMA (Institute of Management Accountants). The US CMAs work in the areas of financial planning, analysis, and management decision-making.
US CMA Exam Format:
There are two parts in the US CMA exam.
- Financial planning, Analytics, and Performance
- Strategic Financial Management
The US CMA exam consists of Multiple-Choice Questions (MCQs) and Essay Questions
| Parts | Section Time | Multiple-Choice Questions | Essay Questions |
| Part-1 | 4 Hours | 100 | 2 |
| Part-2 | 4 Hours | 100 | 2 |
Benefits of US CMA Certification:
US CMAs work in accounting, corporate finance, and strategy teams in a company. They can parse data from many sources to inform performance improvement. Besides, they contribute to strategic business decisions.
Certified Management Accountant work experience can be summarized as follows:
- Create strategies to improve various external and internal risks.
- Identify investment management opportunities.
- Arrange financing and funding options.
- Supervise lower-level accountants.
- Monitor and administer compliance.
Skills gained while pursuing the US CMA certification enable the professional to connect the concepts of accounting to finance applications. Moreover, US CMAs hone financial data analysis and accounting, which can be leveraged to make strategic business decisions and to improve performance. In addition, US CMAs are experts in budgeting and cost management.
Career Scope and Employment Opportunities for US CPA:
In India, the job opportunities for the US CPA are increasing rapidly. The US Certified Public Accountant (US CPA) paves several opportunities at renowned companies across the globe in the below work fields.
- Public Accounting
- Business Analysis
- Business, Government, and Not-for-Profits
- Financial Analysis
Below are the best jobs in India for the US CPA.
- Corporate Controller
- Risk and Compliance Professional
- Senior Financial Analyst
- Information technology Accountant
- Accounting Software Developer
- Finance Director
- Personal Financial Advisor
There are many companies for the US CPA, especially the BIG-4 Deloitte, PwC, EY and KPMG hiring US CPAs to attain growth in their businesses.
Given below are the top companies hiring US CPAs.
- Big 4 companies (PwC, EY and KPMG)
- Accenture
- Grant Thornton
- Reliance Industries
- Indian Oil
- Aditya Birla Group and so on.
Career Scope and Employment Opportunities for US CMA:
The US CMAs work in corporate finance and accounting in an organization or a company. There are many job opportunities for the US CMAs in the below fields.
- Medical and health services
- Educational Services
- Mining
- Manufacturing
- Transportations
- Construction
- Communications and utility services
- Insurance and real estate
The following are the leading global companies that provide employment opportunities for the US Certified Management Accountant (US CMA).
- Accenture
- Amazon
- Larsen & Toubro
- Cyqurex
- Wipro
- HPE and so on.
CPA Salary in India:
According to the Payscale, the average salary of a CPA in India is â‚ą701,387.
| CPA Job Fields | Avg.Salary |
| Auditing | â‚ą821,997 |
| Financial Reporting | â‚ą722,575 |
| Financial Analysis | â‚ą696,343 |
| Tax Preparation | â‚ą750,000 |
| Tax Consulting | â‚ą850,000 |
CMA Salary in India:
According to the Payscale, the average salary of a CPA in India is â‚ą797,402.
| CMA Jobs | Avg.Salary |
| Finance Manager | â‚ą1m |
| Financial Analyst | â‚ą506k |
| Financial Controller | â‚ą2m |
| Chief Financial Officer (CFO) | â‚ą4m |
| Accountant | â‚ą300k |
| Senior Financial Analyst | â‚ą817k |
Conclusion:
Hope you got complete details and the importance of pursuing professional courses like US Certified Public Accountant and US Certified Management Accountant. So, why late? Make use of Simandhar’s Diwali (1+1) Offer on US CPA, US CMA & get a free IFRS course.
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