CPA what is | what CPA means | All you need to know about the CPA exam
The CPA certificate is one of the internationally accredited accounting certificates, which gives its holder the status of international recognition of his accounting certificate, and being an international accountant means that you bear the responsibility for the financial insurance of the institution in which you work, to maintain it among competitors. Therefore, a certified public accountant certificate gives you a great experience in Financial accounting, auditing, work environment, business concepts, reporting, and legislation.
What is a CPA Certification?
Certified Public Accountant (CPA) An international certificate is provided by the Institute of Certified Public Accountants in the United States of America (AICPA), which is the best and most famous institute in the field of legal accounting in the world. It was founded in 1887 and has more than 431,000 members across the globe.
In addition to its great value in this field, the Institute has partnered with the Chartered Institute of Management Accountants (CIMA) to provide integrated knowledge in management accounting. Therefore, the CPA certificate is an ideal choice, whether working in the field of external or internal auditing, or as a financial manager in the government or private sector.
Importance of CPA Certification
Due to the frequent need for institutions of different activities, for chartered accountants, especially those holders of accredited professional certificates, the chance of you obtaining a suitable job in major institutions increases if you hold a certified public accountant certificate. , and risk management.
CPA Certification Components
The certificate consists of four basic subjects that must be passed the exam.
- Accounting and financial reporting
- Audit and other verification services
- Law and taxes
- Business environment and principles
CPA Test – what is a certified public accountant course
The test is done through the computer and not on paper, through a system that is determined by the Association of Accountants in the United States of America, where the university certificates you obtained are evaluated, and the exam date is set in one of the centers licensed by the American Accountants Association to hold exams.
The test comes in optional questions consisting of 90 to 120 optional questions in most subjects with an additional question that requires you to write on paper. A simulation test, is a lengthy test consisting of optional questions, connecting, writing, and solving complex long problems in the form of explained steps in a period not exceeding 4 hours.
Question pattern CPA for each subject
Auditing, accounting, law, and taxation
The exam consists of three parts, each of them is about 30 multiple-choice questions and a written question, and the third part consists of 6 questions that are about writing restrictions, choosing, or calculating certain items.
Business environment subject
It includes costs, financial management, electronic systems, and governance.
The test consists of 4 parts, 3 of which are multiple-choice about 72 questions with paper writing questions.
Certified public accountant Admission requirements
You must have a bachelor’s degree from an accredited university, and your degree is evaluated to ensure its suitability to the requirements of the American Accountants Association.
CPA Registration cost
The application is made by registering on the website and choosing the state from which you want to issue your certificate. The registration fees are $150 and the certificate evaluation is $35.
After registration, your university certificates are evaluated as mentioned above, and when they are approved, you must pay the value of the tests, ranging from 150 to 200 dollars per subject for the four subjects, and the test date is set after that.
There is a subject that allows you to take the exam in a period of 8 months and the remaining three subjects you can pass in a period of up to 18 months.
CPA Certification Requirements / for cpa exam requirements
- Obtaining a Bachelor’s degree in Accounting
- Completion of 150 additional hours
- Pass the CPA Exam
- Availability of the scientific requirements and practical experience of the applicant
How do I prepare for the CPA exam?
You can use the following sites for training and learn about similar questions for the exam
- Wiley CPA Examination Review
- ExamMatrix CPA Exam Review
- Surgent CPA Review
What is the difference between a certified public accountant and a financial accountant?
The chartered accountant is a more profound term than the accountant, as every chartered accountant was initially a financial accountant.
A chartered accountant is an accountant authorized to practice the accounting profession independently, and he is a person who has worked in accounting and auditing offices for three years and thus has the right to apply for membership in a chartered accountant, so that his new duties become reviewing the financial statements of companies, signing them, stamping them and writing his report on these lists. The chartered accountant is a neutral body that reviews the lists of various companies.
What are the job opportunities available for a certified public accountant?
A Certified Public Accountant can be defined as a trusted financial advisor that helps individuals, companies, and organizations to plan and achieve their financial goals. In addition, a Certified Public Accountant takes high ethical standards into account, with his experience and acquired skills.
From the smallest start-up company to the largest governmental institution, the certified public accountant is the main employee in it. Every company or organization requires a certified public accountant.
There are some accounting services assigned to a certified public accountant, the most important of which is the ability to submit securities and stock exchange reports and provide audit and audit services, as well as commercial and industrial businesses that are included in the accounting of major companies. Moreover, many public accounting firms and law offices only employ Certified Public Accountants, given the privileges, experiences, and knowledge he possesses.
And there are many opportunities and jobs in the field of accounting. It is not possible to employ any ordinary accountant except the certified public accountant, such as the position of the main financial manager of the company, and the huge strategic business advisors in taxes and decision-makers, that is, the pursuit of a job application for the certified public accountant After obtaining the certificate and license, it will be easy, as he can achieve all his dreams and ambitions through this job.
Finally, the Certified Public Accountant certificate will give you a highly diverse and rich qualification that all companies need in different fields, everyone needs their advanced knowledge of accounting for good financial planning for companies.