certified public accountant - cpa

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ertified Public Accountan EMERGE Management Training Center

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Page 1: Certified Public Accountant - CPA

Certified Public AccountantEMERGE Management Training Center

Page 2: Certified Public Accountant - CPA

What is CPA?

• Stands for Certified Public Accountant of U.S.A

• Trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals

• All CPAs are accountants, but not all accountants are CPAs

Page 3: Certified Public Accountant - CPA

AICPA MembershipAICPA membership provides:• National membership organization for the

profession

• Support for the diverse membership and efforts to build the future of the profession

• Advocacy with standard setters and state boards

• Professional excellence in terms of professional ethics, training, peer review

Page 4: Certified Public Accountant - CPA

CPA Recognition on the World• CPA is a professional certification from United

States of America and professional pride for finance professionals.

• CPA is recognized in U.A.E job Market & in multinational companies around the world.

• CPA qualification is mutually recognized by professional institutes in Canada, Australia, New Zealand and other countries.

• This will ease up the migration to other countries

• This qualification is recognized in U.S. companies and out-sourcing agencies in Asia

Page 5: Certified Public Accountant - CPA

Requirements for CPA• 3 E’s are required for licensure:

Education : Four years accounting educationExamination : Uniform CPA ExaminationExperience : Depends on state to state

• State Boards of Accountancy determine the laws and rules for each state/jurisdiction

Page 6: Certified Public Accountant - CPA

Educational Requirement

• M.Com / M.B.A. / ACMA / CA are eligible. B.A./ BBA / B.SC graduates (4 years) with accounting subjects are eligible, subject to conditions.

• Requirements vary by state/ jurisdiction.

• Most states now require 150 semester hours

• Number of accounting educational hours depends on state requirements

Page 7: Certified Public Accountant - CPA

• Computer-based format• Consists of 4 examinations

– Auditing and Attestation – Business Environment and Concepts – Financial Accounting and Reporting– Regulation (Law and Tax)

• Same examination irrespective of the states

• Passing score is 75 on a 0-99 scale• Question types include multiple choice,

simulation and written communication

Uniform CPA Examination

Page 8: Certified Public Accountant - CPA

Experience Requirement

• Many states require the candidate to have 1 – 2 years experience • Additional requirements vary by the candidate’s:

– Education – e.g., Graduate degree vs. 150 hours of undergraduate

– Employer(s) – e.g., Public accounting firm vs. industry– Type of work – e.g., Tax professional vs. auditor vs. company

accounting.

Page 9: Certified Public Accountant - CPA

• The AICPA is the world’s largest member association representing the accounting profession, with nearly 386,000 members in 128 countries and a 125-year heritage of serving the public interest. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

• The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.

About AICPA

Page 10: Certified Public Accountant - CPA

Course ProfileExamination Conducted byAmerican Institute of Certified Public Accountant (AICPA)

Certification Issued byState Board of Accountancy from applicable State

Examination CentersPrometric centers in UAE, Kuwait, Bahrain, Lebanon, Japan & Brazil subject to conditions.

Exam fees (approx.)Exam Registration(every application) -$250Exam fee per paper - U.S. Location -$250Additional fee for international location -$250Varies from state to state

Page 11: Certified Public Accountant - CPA

EMERGE Management Training Center

• EMERGE Management Training Center has been established to satisfy the growing needs of professional accounting skills in Dubai. It has been approved by Knowledge and Human Development Authority, Government of Dubai.

• EMERGE specializes in US professional certification programs such as CMA, CPA, CIA and also conducts IFRS and other high-end professional programs like SOX and COSO framework on internal controls.

Page 12: Certified Public Accountant - CPA

• In 2012, the Institute of Management Accountant of USA (IMA) appreciated EMERGE’s efforts in enrolling maximum number of students in the Middle East. In a span of 6 years of its establishment, EMERGE has risen to be the best institute in the Middle East.

• Emerge has partnered with well known publishing houses like Wiley and Hock international to give students advantages of the best study materials.

EMERGE Management Training Center

Page 13: Certified Public Accountant - CPA

Advantage of EmergeOur Services and Facilities include:

• State of art training facilities • Group discussions for conceptual learning• Live lectures with visual aids • Support to candidates till the examinations • Interactive live lectures • Library with reference books and materials• Interactive e-mail group • Sharing Experience with Achievers• Mock tests and follow up • Availability of Study rooms • Supplementary notes

Page 14: Certified Public Accountant - CPA

Advantage of Emerge• Career counseling for aspiring Accountants• Guidance to school accounting students• Guidnace for migrating Accountants to U.S.A, Canada, Australia• New Courses – CIA, ACCA to commence in 2013

Page 15: Certified Public Accountant - CPA

CPA Commencement Schedule• May – End• July – Beginning• August – Beginning• September – Middle• November – End

Class ScheduleFriday

• 8:30 am – 12:30pm

Training Schedule

The above schedule is subject to change

Page 16: Certified Public Accountant - CPA

Pass Announcement EMERGEJanuary and February 2013 Window

Number of Students Appeared : 28Number of Students Passed : 21Percentage of Students Passed : 75%

Number of Subjects Appeared : 35Number of Subjects Passed : 27Percentage of Subjects Passed : 77%

Average Score per Subject : 84%“It gives a great feeling to clear CPA in 1st attempt (90, 90, 93 & 96). Special thanks to EMERGE for their guidance and support. My advice to students is to attend all classes, regular study and practice maximum MCQs.”

Sanjeev Kumar Khera - ACA, CPAAssistant Finance Manager Emirates Refining Company Ltd.

Page 17: Certified Public Accountant - CPA

CPA Global Passing Rate

AUD BEC FAR REG-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

2010 2011 2012

Subject 2010 2011 2012Auditing and Attestation 47.80% 45.62% 46.89%

Business Environment and Concept 47.29% 47.13% 52.83%

Financial and Reporting Standards 44.95% 45.57% 47.97%

Regulation ( Law and Tax) 49.00% 44.22% 48.15%

Page 18: Certified Public Accountant - CPA

Course Director Profile• Professor Hariharan D. graduated from

Madurai University and passed professional examinations in accounting from India, USA and Canada.

• With 30 years of top management experience in blue chip companies in India, Oman and UAE, he gave up his job to pursue his dream. He passed a number of professional examinations such as CA from India, CPA, CMA, CFM, CIA, CISA of US and CGA Canada. His passion for teaching and his professional education blended with industry experience helped his dream come true and success in EMERGE.

Page 19: Certified Public Accountant - CPA

Few Testimonials

After my B.Com graduation, Emerge guided me to choose CPA. I feel great to clear CPA in 10 months and the youngest student to achieve this feat. I’m obliged to Hari Sir and the entire Emerge team. Without their guidance and unconditional support it wouldn’t have been possible. Three cheers for EMERGE!!

Tina Bhatia, B.Com, CPADubai, UAE

Experienced and highly qualified instructor made the difficult concepts easy by practical example. Preparation and exam strategy suggested by Emerge, enabled me to complete the exam successfully in shortest period. CPA program by Emerge best suited to me. My special thanks to administration to care, motivate, follow up and support in our mission.

Madhusoodanan, B.Com, ACMA, CPA Financial Analyst, Control and Applications Emirates, Abu Dhabi, UAE

Knowledgeable guidance has changed my career and life. I am very grateful for the enormous help and support. Thankfulness is next to Godliness so let me thank EMERGE from the bottom of my heart for helping me to achieve the most challenging CPA Examinations.

Oggu Bala Krishna, B.Com, ACMA, CPAFinance Manager, IFFCO Group, Dubai, UAE

Page 20: Certified Public Accountant - CPA

Few TestimonialsEmerge helped me again in attaining my third professional certification (CPA) after CMA & ACMA, within 10 months. Interactive class sessions, unconditional support, mock test, classrooms exercise and guidance lead to my success. I highlight the unconditional support for evaluation of my credentials, I want to say a Big Thank you to Emerge for transforming me to a certified finance professional in two years time.

Samir Vasant Budholkar - M.Com, ACMA, CMA, CPASenior Finance Executive, Emaar Properties PJSC, Dubai, UAE

I completed my CPA in first attempt and within 1 year. I attribute my success to Emerge’s effective Instruction, confidence instilled and its valuable guidance. The atmosphere in the class is very good. Emerge classes, hard work, and Mock tests ensured success in my CPA exams.

Anita Ramakant Sambhus - ACA, CPADubai, UAE

For more testimonials visit www.emerge.pro

....EMERGE’s teaching methodology & prompt guidance which gave me the much needed confidence and which assured me that I am capable of achieving this. Thanks to EMERGE Institute for the support & guidance.

Bindu Nair - CPADubai UAE

Page 21: Certified Public Accountant - CPA

Contact US

http://www.facebook.com/Emerge.Dubai

https://twitter.com/EMERGEMTC

http://www.youtube.com/user/EMERGEUAE

Social Media

EMERGE Management Training CenterP.O Box – 49103, M02 – Mina House, Mina Road, Dubai, U.A.EContact No. : + 971 4 3521133 : +971 4 3524672Fax No. : + 971 4 3524674Email : [email protected] : [email protected] : www.emerge.pro : www.emergeuae.net

Working Hours

Saturday to Wednesday• 9:00 am – 1:30 pm and• 4:00 pm – 8:00 pmThursday• 9:00 am – 2:00 pmFriday • 8:00 am – 1:00pm

We Invite you to attend our DEMO CLASS