u.s. cpa success the benefit of having a cpa who is eligible to take the exam? exam content exam...
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U.S. CPA SUCCESSU.S. CPA SUCCESS
The benefit of having a CPAWho is eligible to take the exam?Exam contentExam proceduresU.S. CPA Prep. ProgramInstructorsQuestions !!
Why would we want to obtain the Why would we want to obtain the U.S. CPA designation?U.S. CPA designation?
Will make you much more competitive in the job market (competitive advantage)
The most widely held and globally recognized professional accounting designation in the world
Highly-regarded professional designation in the international business community
Demonstrate to clients and employers that you have the knowledge, skills and abilities to be a competent and trusted business advisor
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the CPA is a brand name that will take about 4 months of part-time studying, compared to 2 years for an MBA and 3 years for a law degree
it's a very easy technical, primarily multiple-choice exam, testing few application skills and little integration of the different subjects
ongoing dues, continuing education requirements, U.S. residency requirement, and even work experience is NOT required in all states
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You can take the exams one at a time in most U.S. cities.
The CPA designation itself is good in all 50 U.S. states. Licensing is unique to each individual state, but this only applies if you intend to move to the U.S. AND (not or) sign audit reports. In any case, you never have to write another exam, but for licensing, they might check your education and work experience
Who is Eligible?Who is Eligible?
Virtually all ACCAs & CAs (from any country) and university graduates
Most CGAs, CMAs and CGA/CMA/CA/ACCA students
Many undergraduate business students but a degree and U.S. tax course might be required prior to writing the exam
3Es3Es Education: Canadian university graduates with
courses in accounting, commerce or business administration meet the educational requirements
Work Experience: Some states do not require any work experience. Other states that do require some work experience will accept Canadian work experience that can be completed either before or after passing the examination
Examination: Must pass the U.S. Uniform CPA Exam (4 exams that tests only entry-level technical material)
4 Exams4 Exams
1. Auditing and Attestation 4.5
2. Financial Accounting and Reporting 4
3. Regulation 3
4. Business Environment and Concepts 2.5
Hours 14
Offered during testing windows January-February, April-May, July-August and October-November.
The U.S. Uniform CPA ExamThe U.S. Uniform CPA Exam
Extended syllabus of required knowledge, including such topics as microeconomics, macroeconomics and finance
A computer-administered exam offered at designated Prometric computer testing centres
Includes simulations which test candidate research skills and require use of reference, spreadsheet, database and word processing software.
TestletsTestlets
• “Groups of questions that are constructed to appear together.”
• A testlet is 25 multiple choice questions OR a simulation.
• Exams comprise approximately 3 multiple choice testlets and 2 simulation testlets.
SimulationsSimulations
assessment of knowledge and skills in context approximating that found on the job through the use of realistic scenarios and tasks, and access to normally available and familiar resources
SimulationsSimulations
• Simulations are condensed case studies
• 35-45 minutes in length
• Set of facts will be provided
• Access to authoritative literature provided
• Required tasks will be assigned (eg brief memo)
• Not in BEC exam
Exam InformationExam Information
www.uscpasuccess.comwww.cpa-exam.org
www.prometric.com
Exam ProcessExam Process• Apply to state of your choice
• Take exams in any order
• Arrange appointment with Prometric testing centre
• One attempt only allowed at each exam in each enrolment window
• Passes are valid for 18 months and then expire if you have not completed all 4 exams in that time.
Choosing a StateChoosing a StateEach state is different.
Some require five years of post-secondary education.
At least an associate’s degree or professional designation is required.
Some states require practical experience before or after passing the exam to get the CPA.
Of those states that do not, there are two often used by Canadians which do not require work experience.
Credential EvaluationCredential Evaluation
Use U.S. CPA Success useful links & follow instructions of each state.
Do as early as possible as processing of applications takes time.
Locations & Exam FeesLocations & Exam Fees
Virtually all major U.S. cities in virtually all states Computer Based Testing at Prometric testing
centres Individually scheduled within windows Register 5 - 45 + days in advance Different states have different exam fees (around
$150 per exam)
U.S. CPA Prep ProgramsU.S. CPA Prep Programs
UNIFORM 4-Day Program
IQEX 3-Day IQEX Program
Our ProgramsOur Programs
No tapes, all live For Canadians, it is a prep course, not a "review course",
since very few CDNS have had any exposure to U.S. tax, U.S. law, and U.S. fund accounting. We therefore assume no knowledge whatsoever in these areas, and start from scratch.
For other areas we provide review materials and encourage you to use knowledge gained in your degree program.
4-Day Program4-Day Program
Prepare U.S. Uniform CPA exam participants with the concepts and knowledge necessary to pass the exam
Will discuss all of the necessary technical material Will review hundreds of prior CPA exam questions Will teach you proven techniques for answering testlet
and simulation questions that will ensure you pass all 4 parts of the exam the first time!
IQEX ProgramIQEX Program
Focuses on all technical areas tested on the exam Intensively review all of the law, fund and not-for-profit
accounting, taxation and professional ethics syllabus areas (covering 70-80% of the IQEX exam content).
Reviews hundreds of prior U.S. CPA MC questions Shows you the proven skills and MC exam techniques Exam Cram opportunity to attempt and obtain feedback
on full-length practice examinations.
Courses available in TorontoCourses available in Toronto
Courses are available in winter and throughout the summer.
Unlimited repeats allowed – you pay only for new materials which are updated each year.
All Toronto courses are currently held at Days Hotel and Conference Centre – Highway 400/401 Jane/Wilson.
Our InstructorsOur Instructors
In addition to our instructors' combined 50 years relevant teaching experience, one of our instructors was selected by the AICPA to mark the examination essays for thousands of candidates taking the CPA Exam. Our 2007 participants will truly benefit from our unique expertise which will assist our course participants with the simulation portion of the exam. Our instructors will show you the common mistakes made by many exam candidates, discuss methods of maximizing your grades on the simulation questions, and answer any individual questions from our participants.
Aubrey GlazmanAubrey Glazman
Passed all 4 parts of the U.S. Uniform CPA Exam in 1991
Passed the U.S. CPA Reciprocity (IQEX) exam (scoring in the top 5% of all 1997 IQEX exam candidates)
Canada's most experienced U.S. CPA exam instructor, and, over the past ten years has helped more than 1700 Canadian accountants pass the U.S. CPA exams
Jim KnafoJim Knafo
The first U.S. CPA Exam instructor in Canada to pass the U.S. CPA Reciprocity Exam.
exam-grading specialist and for several years; has been involved in the marking of thousands of professional final examinations for Canadian governing bodies
Instructs in both our U.S. CPA Preparatory Program and Introduction to U.S. Income Taxation course
has helped more than a thousand accountants pass the U.S. CPA Exams
Henry ZimmerHenry Zimmer
Passed the U.S. CPA Reciprocity exam (scoring in the top 10% of all 1998 IQEX exam candidates)
Passed all four parts of the November 2000 U.S. Uniform CPA exam
One of Canada's most experienced professional instructors, and, over the past thirty years, has helped thousands of Canadians earn their professional accounting designation
Mark FeigenbaumMark Feigenbaum Was selected by the American
Institute of Certified Public Accountants (AICPA) to mark the examination essays for thousands of candidates taking the U.S. Uniform CPA Exam
He is Canada's only U.S. CPA who has actually been involved as an AICPA marker of the essay portion of the Uniform CPA Exam
Taught hundreds of U.S. CPA exam candidates in a number of large national U.S. CPA prep programs in the U.S.
THANK YOU!~THANK YOU!~
U.S. CPA Success >>>>>>>>
Contact InfoContact Info
U.S. CPA SUCCESSTel: 416-925-3889
Fax: 416-925-1209
http://www.uscpasuccess.com/
Aubrey GlazmanToll Free#: 1-877-872-7239
Direct Line: 1-561-995-9311