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Showing posts from December, 2022

What is Core-Plus-Discipline Model in CPA 2024?

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 The  CPA examination is undergoing an evolutionary change in the year 2024. Under the changes, the path to CPA licensure will follow the new “Core-Plus-Discipline Model.” This new model has been proposed by the AICPA (American Institute of Certified Public Accountants) to make CPAs more tech-savvy. In this AUD, FAR and REG will come under core subjects while BEC will be divided into three disciplines- 1. Business Analysis and Reporting (BAR) 2. Information Systems and Controls ( ISC) 3. Tax Compliance and Planning (TCP) The candidate has to select any one among the three disciplines. So, if you resolve to become a CPA then here are the upcoming evolutionary changes, buckle up your preparations with Miles Education, the best institute for CPA in India.

Are CPAs Declining in the US?

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One of the latest articles of the CPA journal clearly states that the United States is facing an acute shortage of CPAs. The number of graduates sitting for the Uniform CPA Examination has also plummeted. Well CPA as a career requires a full commitment. But we Indians are well known for our dedication and adherence. On top of it, we know how to find an opportunity in scarcity. Let us understand this in the context of supply and demand. When demand is more and supply is less, it increases the value of the commodity. Similar is the case for CPAs in the US; demand is high but not enough CPAs. So this is the perfect time for finance enthusiasts to complete their CPAs to skyrocket their careers. But how? Miles Education, the best CPA training institute , is set to fill this CPA void. Miles’ fresher CPAs get packages of 10+ lakhs and CPAs with experience get up to a 600% hike. Visit the website to know more. 

What is the difference between the CPA and AICPA Intermediate Program?

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CPA (Certified Public Accountant) is the equivalent of CA (Chartered Accountant), in the United States, and it is recommended for professionals in accounting. In addition to preparing you for Big 4 and Public Accounting roles such as audit, tax, financial advisory, and consulting, it paves the way for CPA career roles in the CFO team, such as controllership, accounting, and F&A. CA Inter is comparable to AICPA Inter because it is a subset of CPA. As a way to get started on your CPA Career , university students are advised to do this, as it paves the way for career positions as a CPA in the Big 4 and public accounting firms. You can explore more from the Miles Education website. Read more about how their alumni have successfully completed their CPA at Miles Education.  

CPA Evolution Initiative- 2024

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  CPA Evolution Initiative – The right time to upskill and enhance the competencies of CPAs, to make them future-ready. If you want to advance your talent and enthusiasm for accounting, then enrolling for CPA would be the greatest course of action!  By 2024, the CPA course will go under an evolutionary change. What is the Evolution model for CPA licensure? Strong core with accounting, auditing, and taxation along with a recognition of the impact of technology More knowledge of three cores: Auditing and Attestation ( AUD) Financial Accounting & Reporting (FAR) Regulation (REG) BEC is divided into three disciplines, -  Business Analysis and Reporting (BAR)  Information Systems and Controls ( ISC) & Tax Compliance and Planning (TCP) Reflects reality of practice Adaptive and flexible Enhances public protection Why the change? The rapid change in the operative environment of CPAs Increase in the body of knowledge Increased technology impact Increased skills requirement So, if you r

How much do a CA and CPA earn in India?

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  In India, the US CPA earns an average salary of 9.25 LPA, while the CA earns anywhere from 6.5 to 7 LPA. Both certifications offer good opportunities for advancement. In addition to the mentioned benefits, US CPAs receive annual raises of 5% and bonuses in the range of 10%. In addition, there are a number of factors that affect a CPA's pay. Therefore, CPA earns more than CA without doubt. A typical CA fresher acquire 6-7 lakhs for every annum though a normal CPA fresher procure 7-9 lakhs for each annum.   The CPA certification paves many career opportunities to work in the most renowned companies around the world.

What is the scope, procedure, and roadmap of a CPA (US) for Indian Accountants?

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The scope for US CPA is not limited to India or the US, but also around the world. So, Certified Public Accountants are also hired by the Big 4 and top MNCs in India. The CPA course syllabus is less bulky than CA with just 4 exam subjects ( FAR, AUD REG & BEC). It gives you a chance to prepare at your pace with multiple exam windows in a year and a choice to appear for 1 or more or all subjects at a time. One of the best CPA training institutes in India , Miles Education has tied up with the Big 4 and top MNCs for training and placement of professionals. It also offers three global pathways to its candidates. You can explore more about these pathways from their website. Read more about how their alumni have successfully completed their CPA at Miles website or watch their views on Miles CPA/CMA review!

What is the scope and minimum salary offered to CPAs after completion of the course?

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  US CPA (Certified Public Accountant) is a globally-recognized public accounting qualification that assures placements with the Big 4 ( KPMG, Deloitte, PwC, and EY) and top MNCs in India. They provide services that are in high demand. This includes accounting, taxation, auditing, consulting, etc. For this, they need to hire a large number of CPAs in India. A CPA has career scopes in fields such as: Financial Accounting Corporate Finance Internal Auditing Financial Advisor Management Reporting Tax preparation and Planning and many more Coming to the salary part then CPA freshers get a salary upto 10 lakhs. One of the best institutions for CPA courses in India is Miles Education, which guarantees their CPA pass-outs a salary of 10 LPA. You can find other details on their official website.

Cracking the code for CPA Exam

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  Passing the CPA exam is not enough, you have more to do to obtain the license to start practicing public accounting. Here is everything you need to do to be eligible to apply for your US CPA license .  The basic requirement for a CPA license is to have 150 credits.  With 55 different SBA (State Boards of Accountancy), every state has different CPA certification requirements.  Experience - to get the CPA license you need to verify your experience. One of the best institutions, Miles Education has full-time licensed CPAs who are able to verify experience for the CPA license.  Once you have everything ready, you’re all set to get your license and work with the Big 4 and other top MNCs.

Reasons for CPA Evolution Initiative in 2024

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  In a joint effort, AICPA & NASBA introduced the CPA Evolution Initiative, which will mark significant changes in the curriculum of each section for the CPA exam 2024. The new model is focused on making the CPA more tech qualified. The content remaining the same has been transferred to other sections.  The project represents a new core-plus-discipline CPA licensure model. The main reasons & goals for the CPA Evolution Initiative in 2024 -  Deeper knowledge in three primary disciplines Business Analysis and Reporting (BAR), Information Systems and Controls (ISC), and Tax Compliance and Planning (TCP) Enhanced public protection  One CPA license  Expertise in accounting, auditing, tax, and technology One of the best institutions for CPA classes in Bangalore is Miles Education. You can find other CPA course details on their official website. 

Eligibility criteria for Digital HR Transformation & People Analytics

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  If you want to become a Digital HR leader, then pursuing the hr analytics certification can help HR professionals to develop strategies to align with the business. The Digital HR Transformation & People Analytics Course will encourage HR in the workplace to actively participate in the business by leveraging data to build business cases, make choices from among conflicting options, and predict possible scenarios.  If you are someone with a minimum of 3 years of experience in HR roles, you are eligible to apply for the course. In addition to this, you also need to submit a statement of purpose while applying. You can apply for the  hrbp certification XLRI  from Miles Education. Their programme is designed by expert faculty that will enable you to become a future-ready HR leader.