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CPA Test Preparation Program

CPA Test Preparation Program

CPA Test ·
Short-Term-Training

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Institutions offering CPA Test

Currently, 1 institutions offer CPA Test Preparation Program (CPA Test) in Nepal with 1 of them offering in Kathmandu district.
Prime College
Prime College

The Certified Public Accountant (CPA) is a professional qualification awarded in the United States that enables individuals to work in accounting and finance roles worldwide. A U.S. CPA license indicates that the individual has met rigorous standards in knowledge, ethics, and skills. It’s recognized worldwide and is a respected credential for those who want to work in accounting, auditing, tax, or financial consulting.

Why is the US CPA Important? 

  • Global Recognition: A US CPA is highly respected worldwide, opening up career opportunities not only in the US but also in many other countries.
  • High Earning Potential: CPAs are often paid more due to the value they bring with their knowledge and skills.
  • Career Growth: The qualification provides a solid foundation for career growth in finance, accounting, auditing, and consulting.

CPA Jurisdictions, Licensing, and Exam Flexibility

Each US state or jurisdiction has its own CPA licensing board with specific requirements. Students can select a jurisdiction based on requirements that fit their educational background and career plans. Here’s how it works: 

Choose a Jurisdiction: Requirements vary by state, so students can choose a state with licensing criteria they meet. 

Transfer Licenses Between States: CPAs can generally transfer their license to another state if they wish to relocate or work in a different jurisdiction. This flexibility enables easy adaptation to changing career needs. 

Exam Access in Nepal: Students can now take the CPA certification exam in Nepal, eliminating the need to travel abroad and making it even more accessible.

Eligibility

To ensure that students meet the eligibility criteria for the CPA exam, KPMG in India conducts a pre-enrollment academic assessment. This assessment determines whether a student’s academic background satisfies the educational requirements needed to sit for the CPA exam in the United States. It includes:

▪ Evaluating prior credits and coursework to ensure they align with CPA eligibility standards.

▪ Advising on additional coursework if any credit hours or specific subjects are missing. 

▪ Guidance on jurisdiction selection based on each student’s academic background. 

This assessment process helps students start their CPA journey with confidence, knowing they’re on the right track to meet all exam eligibility requirements.

Job Prospects

  • Audit and assurance
  • Business valuation
  • Tax reporting and planning
  • Financial accounting and reporting
  • Forensic accounting
  • Management reporting and data analytics
  • Personal financial planning
  • Treasury and cash management
  • Financial planning

Curricular Structure

Part 1: CORE – Mandatory Sections

This segment covers the essential knowledge required for all candidates.

1. Auditing and Attestation (AUD)

  • Forming conclusions and reporting
  • Ethics, professional responsibilities, and general principles
  • Assessing risk and developing a planned response
  • Performing further procedures and obtaining evidence

2. Financial Accounting and Reporting (FAR)

  • Financial reporting
  • Select transactions
  • Select Balance Sheet accounts

3. Taxation and Regulation (REG)

  • Business law
  • Ethics, professional responsibilities, and federal tax procedures
  • Federal taxation of property transactions
  • Federal taxation of individuals
  • Federal taxation of entities, including tax preparation

Part 2: DISCIPLINE – Elective Section

Candidates must choose one of the following discipline sections to demonstrate deeper knowledge in a specific area.

1. Information Systems and Controls (ISC)

  • Information systems and data management
  • Security, confidentiality, and privacy
  • Considerations for Systems and Organisation Controls (SOC) engagements

2. Business Analysis and Reporting (BAR)

  • Business analysis
  • Technical accounting and reporting
  • State and local governments

3. Tax Compliance and Planning (TCP)

  • Tax compliance and planning for individuals, and personal financial planning
  • Entity tax compliance
  • Entity tax planning
  • Property transactions (disposition of assets)