If you don't have the guts to take the risk, you will have to settle for the ordinary things in your life. Becoming a US CPA is an investment for a financially secured future. But this investment doesn't come without some expenses. Apart from diligent preparation, one needs to deliberate on CPA course costs while planning towards CPA certification.
‘Earn Nicely, spend wisely and you will live happily’ is a distant dream of every young aspirant. In this fast and competitive world, everyone aspires to earn and secure their life financially.US CPA is one of the ideal choices to serve the financial market globally because of their acute demand, they are highly recommended in global service sectors. Since a US CPA is equivalent to Chartered Accountant qualification in India which itself is a secured job profile.
Keeping in mind the value of this globally recognized certification, it is vital to understand how much it costs to take the Uniform CPA Examination and to become a US CPA. The cost of the US CPA Exam in India followed by US CPA licensure varies from state to state, but knowing each of the different state's fees included is a necessary step in the entire process towards becoming a successful US CPA.
When it comes to the CPA Exam cost, the major fee is bifurcated into three different segments:
Payment to State Board of Accountancy-NASBA
Prometric Centre alongside the
CPA Exam Review Course was chosen to study
• The State Boards of Accountancy: They are responsible for licensing Certified Public Accountants (CPAs) who practice in that state. Each state board of accountancy issues rules and regulations that govern what a candidate should do in order to become a licensed US CPA. Individual states issue CPA licenses, so one must apply initially to a state board of accountancy to begin the licensure process that includes some charges along with the CPA Exam application.
• The National Association of State Boards of Accountancy (NASBA): Some amount is being charged by this body for processing and evaluating educational transcripts of a candidate and helping candidates in completing the application process and also scheduling to receive the Notice to Schedule.
• Prometric: It operates a test center network composed of thousands of sites in 160 countries. Many examinations are administered at Prometric sites. The CPA EXAM now has Prometric Centre in India as well.
When one is applying to take the CPA Exam, they are entitled to pay an application fee, enrollment fee, and examination fee. Depending on your chosen state board of accountancy, you wish to sit from, you might also need to pay a certain amount of registration fee at some point. The chargeable fee amount varies from state board to state board out of 55-50 states adhere to NASBA’s examination fee schedule.
The next set of fees one needs to pay is the exam fees. These are the USA CPA costs associated with actually taking the US CPA exam.
After receiving the NTS, a candidate will be able to choose which sections they want to take and pay the applicable fees. The CPA exam fee is approx. INR 1. Lac and international testing fee are approx. 1 lac.
Consequently, many states also require an individual to appear and pass an ethics exam after completing the uniform CPA exam in order to get their CPA license.
Furthermore, after successfully completing all four sections of the CPA exam and completing the AICPA ethics exam, one will need to pay the CPA licensing fees to the state board as well, the cost of which varies between states.
Later in point incurs, cost of the CPA Review Prep Course that a candidate chooses to study. Amounting the overall CPA course cost in India to approx. INR 3,00,000 which includes training fees.
The aim of this article is to elaborate and highlight the costing section of the US CPA Exam so as to mark a clear-cut demarcation of expenditure that a candidate should foresee while planning to take up this certification.
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