CPA (USA) – Certified Public Accountant

Business Environment & Concepts (BEC)

• Corporate Governance
• Micro Economics
• Macro Economics
• Globalization
• Financial Risk Management
• Forecasting Analysis
• Corporate Capital Structure
• Working Capital
• Short Term Financing & Capital Budgeting-I
• Capital Budgeting-II & Corporate Performance
• IT Roles, Systems & Processing
• IT Software, Data & Contingency Planning
• IT Networks & Electronic Commerce
• IT Security & Controls
• Strategic Planning & Budgeting Concepts
• Budget Components
• Performance Measurement & Process Management
• Costing Fundamentals
• Costing Techniques
• Costing Systems & Variance Analysis

Auditing & Attestation (AUD)

• Engagement Responsibilities
• Professional Responsibilities
• Planning & Risk Management
• Strategic Planning Issues
• Internal Control Concepts & Information Technology
• Internal Control - Sales Receivables - Cash Receipts Cycle
• Internal Control - Purchases, Payrolls, & other Cycles
• Responses to Assessed Risks
• Internal Control Communications & Reports
• Evidence - Objectives & Nature
• Evidence - The Sales Receivables - Cash Cycles
• Evidence - The Purchases - Payables-Inventory Cycle
• Evidence - Other Assets, Liabilities & Equities
• Evidence - Key Considerations
• Evidence - Sampling
• Reports - Opinions & Disclaimers
• Reports - Other Modifications
• Related Reporting Topics
• Preparation, Compilation, Review and Attestation Engagements
• Governmental Audits

Financial Accounting & Reporting (FAR)

• The Financial Reporting Environment
• Financial Statements
• Income Statement Items
• Financial Statements Disclosure
• Cash & Investments
• Receivables
• Inventories
• Property, Plant, Equipment & Depletable Resources
• Intangible Assets & Other Capitalization Issues
• Payables & Taxes
• Employee Benefits
• Non current Liabilities
• Leases & Contingencies
• Equity
• Business Combinations & Consolidated Financial Reporting
• Derivatives, Hedges & Other Topics
• Statement of Cash Flows
• Governmental Accounting
• Governmental Reporting
• Not-For-Profit Accounting & Reporting

Regulations (REG)

• Ethics & Professional Responsibilities
• CPAs and the Law
• Individual Taxation & Gross Income
• Self-Employment, Farming & Adjustments
• Deductions from AGI, Credits, AMT & Limitations
• Property Transactions
• Corporate Taxable Income
• Corporate Tax Computations
• Corporate Tax Special Topics
• S Corporation
• Partnership & Exempt Organizations & Accounting
• Non Corporate Business Entities
• Corporations
• Agency & Regulations
• Contracts
• Sales & Secures Transactions
• Negotiable Instruments & Documents
• Debtor-Creditor Relationship

Eligibility / Requirements

There are 55 states in the US which are offering CPA. Every state has its own criteria of eligibility for CPA. Some states require 120 credit hours, some require 150 credit hours and some even require 24 credit hours in Accounting and 24 credit hours in business subjects. The eligibility depends upon your previous educational studies. However, in general if you are holding any one of the following educational qualifications, then you are eligible for CPA like;

3 years with the following courses

• Auditing
• Taxation
• Cost/Management Accounting
• Financial Accounting

B .4 Years graduation with major in Financial Accounting

• 3 years graduation in any discipline with Masters () major in Financial Accounting