* Good News for Indian Citizens. Now appear for US CPA Examination in the Middle East!

PROGRAM Detail

What is ACCA ?

ACCA is the global body for professional accountants with over 178,000 members and 455,000 students in 181 countries
One of the oldest professional body with over 100 years and has built a reputation that is recognized around the world.
ACCA qualification is based on international accounting standards making it globally relevant.
ACCA works through a network of 91 offices and centres and more than 7,110 Approved Employers worldwide.
For more please check : https://www.facebook.com/accainindia/

What is CPA ?

Globally Recognized: A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world's largest accounting body
CPA will have knowledge of US Generally Accepted Accounting Principles (GAAP), IFRS (International Financial Reporting Standards), Generally Accepted Accounting Standards (GAAS),US federal taxation and business laws. This gives great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients.
It's an Online Exam, which consists of 4 papers and can be easily completed in less than 1 year.

ELIGIBILITY FOR ACCA + CPA?

Graduation in Commerce / Accountancy / Business of 4 years or master degree in Business / Accountancy / commerce

In India the duration of B.COM is 3 years. So, B.COM students are not eligible to get admission in CPA. We advise students, who are interested in studying CPA, to join ACCA rather than any one year Diploma course of Accountancy to be eligible for CPA since ACCA is more valuable than any other diploma course. B.COM students will also be eligible for exemptions in ACCA (Please contact at info@lsbca.com )

CA, ICWA, CS, LLB, MBA (Finance), M.Com (are also eligible courses to apply for CPA)


ACCA SYLLABUS AND PAPERS

KNOWLEDGE

  • F1 AB Accountant in Business
  • F2 MA Management Accounting
  • F3 FA Financial Accounting

SKILLS

  • F4 CL Corporate and Business Law
  • F5 PM Performance Management
  • F6 TX Taxation
  • F7 FR Financial Reporting
  • F8 AA Audit & Assurance
  • F9 FM Financial Management

ESSENTIALS

  • P1 GR&E Governance, Risk and Ethics
  • P2 CR Corporate Reporting (UK or International)
  • P3 BA Business Analysis

OPTIONS

This module requires you to select 2 ACCA papers to study from a choice of 4, allowing you to tailor your programme to suit your requirements, interests and career aspirations

  • P4 AFM Advanced Financial Management
  • P5 APM Advanced Performance Management
  • P6 ATX Advanced Taxation
  • P7 AAA Advanced Audit & Assurance (UK or International)

CPA EXAM STRUCTURE AND SYLLABUS

Exam passing Rate: A Candidate has to score 75% or more in each of the 4 exams to be a Certified Public Accountant.Historically the pass rate is approximately 45% globally. You will have to clear all the 4 exams within 18 months of exam registration.


 

Syllabus

  • Conceptual Framework, Standard Setting and presentation of Financial Statements (17-23%)
  • Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation and Disclosures (27-33%)
  • Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures (27% - 33%)
  • Governmental Accounting and Reporting (8% - 12%)
  • Not-for-Profit (Nongovernmental) Accounting and Reporting (8%-12%)

Duration : 4 hrs Exam

Question pattern : 3 multiple choice testlets (60% weightage) & 7 short task-based simulations (40% weightage)

Syllabus

  • Engagement Acceptance & understanding the environment (12-16%)
  • Understanding the entity and its environment (16-20%)
  • Performing Audit procedures & evaluating evidence (16-20%)
  • Evaluating Audit findings, communications & reporting (16-20%)
  • Accounting & review services engagement (12-16%)
  • Professional responsibilities (16-20%)

Duration : 4 hrs Exam

Question pattern : 3 multiple choice testlets (60% weightage) & 7 short task-based simulations (40% weightage)

Syllabus

  • Ethics, Professional, and Legal Responsibilities (15% -19%)
  • Business Law (17% - 21%)
  • Federal Tax Process, Procedures, Accounting, and Planning (11% - 15%)
  • Federal Taxation of Property Transactions (12% - 16%)
  • Federal Taxation of Individuals (13% - 19%)
  • Federal Taxation of Entities (18% - 24%)

Duration : 4 hrs Exam

Question pattern : 3 multiple choice testlets (60% weightage) & 7 short task-based simulations (40% weightage)

Syllabus

  • Corporate Governance (16% - 20%)
  • Economic Concepts and Analysis (16% - 20%)
  • Financial Management (19% - 23%)
  • Information Systems and Communications (15% - 19%)
  • Strategic Planning (10% - 14%)
  • Operations Management (12% - 16%)

Duration : 4 hrs Exam

Question pattern : 3 multiple choice testlets (60% weightage) & 7 short task-based simulations (40% weightage)

 

 


For more information on dual course, exemptions, or any other details please contact by means of