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U.S. CPA SUCCESS

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U.S. CPA SUCCESS The benefit of having a CPA Who is eligible to take the exam? Exam content Exam procedures U.S. CPA Prep. Program Instructors Questions !! – PowerPoint PPT presentation

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Title: U.S. CPA SUCCESS


1
U.S. CPA SUCCESS
  • The benefit of having a CPA
  • Who is eligible to take the exam?
  • Exam content
  • Exam procedures
  • U.S. CPA Prep. Program
  • Instructors
  • Questions !!

2
Why would we want to obtain the 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

3
Continue
  • 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

4
Continue
  • 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

5
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

6
3Es
  • 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)

7
4 Exams
  • Auditing and Attestation 4.5
  • Financial Accounting and Reporting 4
  • Regulation 3
  • Business Environment and Concepts 2.5
  • Hours 14
  • Offered during testing windows January-February,
    April-May, July-August and October-November.

8
The 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.

9
Testlets
  • 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.

10
Simulations
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
11
Simulations
  • 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

12
Exam Information
  • www.uscpasuccess.com
  • www.cpa-exam.org
  • www.prometric.com

13
Exam 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.

14
Choosing a State
Each state is different. Some require five years
of post-secondary education. At least an
associates 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.
15
Credential Evaluation
Use U.S. CPA Success useful links follow
instructions of each state. Do as early as
possible as processing of applications takes
time.
16
Locations 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)

17
U.S. CPA Prep Programs
  • UNIFORM
  • 4-Day Program
  • IQEX
  • 3-Day IQEX Program

18
Our 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.

19
4-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!

20
IQEX 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.

21
Courses 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.

22
Our 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.

23
Aubrey 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

24
Jim 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

25
Henry 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

26
Mark 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.

27
THANK YOU!
  • U.S. CPA Success gtgtgtgtgtgtgtgt

28
Contact Info
  • U.S. CPA SUCCESS
  • Tel 416-925-3889
  • Fax 416-925-1209
  • info_at_uscpasuccess.com
  • http//www.uscpasuccess.com/
  • Aubrey Glazman
  • Toll Free 1-877-872-7239
  • Direct Line 1-561-995-9311
  • aubrey_at_uscpasuccess.com
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