Bhaskar Unnikrishnan CPA CMA (Accounts / Administration) (414 Points)
20 September 2015Dear Account / Finance professionals,
Myself Bhaskar working in UAE as Accounts / Finance Manager. I am about to complete CPA (already completed CMA-USA and MBA) and planning to relocate to India. Could you advise how good Career opportunities for CPA in India?
Thank you.
Bhaskar Unnikrishnan
Suman
(CMA)
(195 Points)
Replied 09 May 2020
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.
CAclubindia
