ECONOMICS

Detailed explanation-1: -In the United States, “CPA” is an initialism for Certified Public Accountant which is a designation given by a state governing agency, whereas other countries around the world have their own designations, which may be equivalent to “CPA".

Detailed explanation-2: -What is a CPA? A CPA, or Certified Public Accountant, is a designation reserved for accountants in the US who pass the CPA exam. This designation shows an expertise in the field.

Detailed explanation-3: -The U.S. CPA Credentials To become a U.S. CPA, students must fulfil educational requirements, pass four 4-hour exams, complete an ethics exam (if required by state), and obtain required work experience (if required by state). These four requirements (education, exams, ethics, experience) are known as “the four Es.”

Detailed explanation-4: -Generally, when we use the term CPA we think of CPA US Course. This is because the CPA US is most widely accepted and in great demand thanks to US Companies all over the world. However, most countries have their own accounting qualifications like Canada has CPA Canada, Australia has CPA Australia and so on.

Detailed explanation-5: -The CPA exam traditionally requires five years of education in accounting and business courses. In the Indian system, this is equivalent to a bachelor’s degree and a master’s degree, Whereas CA, can be done so after clearing 12th standard exams in India.