Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Cpa for non ca's

ankush.04 (Student CMA) (24 Points)

18 November 2014

Hello all. I am an MBA With around 5 years experience in F&A In Automobile Sector ( Italian & US MNC's). Recently i have planned to pursue CPA but i am in bit of dilemma some of the points which are coming to my mind but no one so far has been able to clear my doubts. 1) what is the scope of Pursuing CPA For Non CA ? 2) What is the difficulty level of Course & exams 3) will i be able to pursue this course along with my Job 4) What are the work fields open after if i complete My CPA

Reply
Follow
Share

1 Replies

Suman (CMA) (195 Points)
Replied 14 May 2020

It is a 4 parts exam which I'm sure you'll be able to complete within a year's time given that you dedicate enough study hours. Yes, you can easily prepare and take the exams while working. The demand for CPA has considerably grown in recent times with the substantial growth in MNCs and the Big4s in India.

This shift in the trend is because of the requirement of knowledge and credibility about US GAAP, IFRS & US taxation by these multinational companies. “Aren’t there inhouse Indian accounting professionals like Chartered Accountants (CA) who can meet this demand?”, you may ask. But, Indian qualifications like Chartered Accountant (CA) have limited geographical recognition and do not cover topics like IFRS & US GAAP. This increases the demand for CPA candidates in India.

The demand has increased than the supply and that forced the MNCs and the Big 4s to train their CAs as CPAs. In other words, they give extensive training on the US GAAP, taxation and the IFRS to their existing employees who are a qualified Chartered Accountant from the ICAI. For such training, the corporations approach Educational institutes like Miles Education, who are the experts in the industry in relation to the US GAAP & the IFRS.