CPA (Certified Public Accountant)

CPA (Certified Public Accountant) is generally considered as the No.1 Chartered Accounting Designation in the world. With a CPA you can be an auditor in the United States or you can audit the American companies in India, Middle East or Europe provided you have a License from the relevant state in US. A CPA can also choose to work as Management Accountant (Finance and Accounting Manager) within the companies. A CPA has high demand especially in the US based MNC s inside and outside India. The Indian companies, nowadays, value those accounting professionals who have good knowledge in US GAAP and GAAS. So the demand of a CPA is ever increasing in the world job scenario.  CPA exam can only be taken in the United States of America and a lot of Indian and foreign students use to go to US every year to take the examination. IPFC – Kolkata prepares a candidate for the CPA exam and helps him decide about the state in US where he would take the exam, given his academic background. The Licensing of the CPAs in the United States is guided by each state and hence, the eligibility requirements of various states are different. IPFC co-ordinates with the organizations in the US who do the Foreign Academic Credentials Evaluation as a value added service to the student. IPFC has the expertise to evaluate every candidate and suggest him/her the most suitable state to take the CPA examination, based on his/her academic background. New CPA Exam: CPA exam is changing from January 1, 2011. Under the new syllabus, the following papers will be tested: New CPA Syllabus Paper Syllabus Content Exam Duration Objective Subjective Auditing & Attestation (AUD)     Engagement Acceptance & understanding the environment (12-16%) 4.5 hrs 70% 30%     Understanding the entity amd its environment (16-20%)     Performing Audit procedures & evaluating evidence (16-20%)     Evaluating Audit findings, communications & reporting (16-20%)     Accounting & review services engagement (12-16%)     Professional responsibilities (16-20%) Financial Accounting & Reporting (FAR)     Conceptual Framework, Standards,¬ Standard Setting, and     presentation of Financial Statements (17-23%) 4 hrs 70% 30%     Financial Statement Accounts: Recognition, Measurement, Valuation,     Calculation, Presentation and Disclosures ( 27-33%)     Specific Transactions, Events and Disclosures: Recognition,     Measurement, Valuation, Calculation, Presentation, and Disclosures     (27% - 33%)     Governmental Accounting and Reporting (8% - 12%)     Not-for-Profit (Nongovernmental) Accounting and Reporting (8%-12%) Regulations (REG)     Ethics, Professional, and Legal Responsibilities (15% -19%) 3 hrs 70% 30%     Business Law (17% - 21%)     Federal Tax Process, Procedures, Accounting, and Planning (11% - 15%)     Federal Taxation of Property Transactions (12% - 16%)     Federal Taxation of Individuals (13% - 19%)     Federal Taxation of Entities (18% - 24%) Business Environ- ment and Concepts (BEC)     Corporate Governance (16% - 20%) 2.5 hrs 100%       Economic Concepts and Analysis (16% - 20%)     Financial Management (19% - 23%)     Information Systems and Communications (15% - 19%)     Strategic Planning (10% – 14%)     Operations Management (12% - 16%) Eligibility: Commerce Graduates, ICWAs, CAs, MBA (Finance), Post Graduates with accounting background, Company Secretaries, LLBs. CPA classes are conducted in live classroom mode in IPFC’s Kolkata classroom.In addition to the live classroom session at weekends, the faculties are available over the internet most of the time. All questions asked by the students during Off-Classroom days are answered by IPFC faculties within 24 hours. IPFC faculties are professionally qualified American Accountants who have strong knowledge of US GAAP/IFRS, US Taxation & Law, Auditing and General Business. Duration of the CPA course: The CPA Prep course will be conducted for an entire year. IPFC students will take all the 4 parts together in the United States after going through the IPFC 1-year CPA preparation. Course Fee to IPFC: Rs 85,000 + Service Tax:  IPFC believes its level of commitment for the students and quality of the teachers will be the best in the industry. IPFC's fees include the cost of Study Materials (Books+CDs) and tuition in live clsssroom. Online Classoom for distance students: Fees: RS 50,000 including courseware using group forum and Online Video software. IPFC does not believe in price war and end up giving away the quality of education. Budget for the student including exam fees, Foreign Credentials Evaluation Fee, Airfare, Exam Fees and Cost of staying in US for a month is approximately Rs 2.5 lakhs. This is exclusive of the Tuition Fees payable to IPFC. Thus, total budget is approximately 3.35 Lakhs INR. Hostel Facility for Outside Kolkata Students: Students from outside Kolkata will be accommodated at accommodations rented by IPFC at Rs 2000-3000/pm on twin-sharing basis. Why CPA through IPFC:      1. IPFC strictly follows AICPA content specific outlines.      2. IPFC has the best faculties in entire South East Asia.      3. IPFC gives you twice the teaching time than other institutes.      4. IPFC guides you in decision making and arranging your US tour.      5. IPFC offers you a solid preparation of one complete year through study materials, coaching,          online guidance, video lectures, mock tests, tips by industry experts, hostel facility.      6. Once you are with IPFC, you are less likely to face the trauma of failures and you do not need to extend          your US stay for repeated trials and thus mounting up your expenditure which happens          to many CPA aspirants.