Detailed Review of CPA Course Providers and Fees in Pune

Last updated on October 23rd, 2024 at 02:46 pm

ALLEN ARAVINDAN,CFA

Overview

Are you considering a career in Accounting and Finance? One certification that can significantly boost your professional prospects is the Certified Public Accountant (CPA) designation. Therefore, in this blog, we will analyse the topic of CPA course fees in Pune, a thriving city in India known for its educational institutions and opportunities. Additionally, we will explore the various factors that influence CPA course fees, comparison of fees, tips to manage expenses, the return on investment (ROI) for CPA certification, and testimonials from successful CPA course graduates in Pune.

Understanding the CPA Certification

A Certified Public Accountant (CPA) is a professional certification given to licenced accountants. Each state’s Board of Accountancy issues the CPA licence. Moreover, the American Institute of Certified Public Accountants (AICPA) offers materials to help you earn your licence. Overall, the CPA designation aids in the upholding of professional standards in the accounting sector. Furthermore, the understanding of US GAAP, IFRS, GAAS, and US Federal Taxation & Business Laws is covered in the US CPA programme.

This provides a CPA with a significant edge when dealing with a US-based financial business or Indian firms that operate with US clients. The US CPA is divided into four sections:

• Business Environment and Concepts
• Auditing and Attestation
• Financial Accounting and Reporting
• Regulation

At any rate, all four must be passed within 18 months of the first examination, with a minimum score of 75 out of 100 in each.

Eligibility Criteria:

CPA Exam – 120 credits

CPA License – 150 credits

As a general rule, each college year equals 30 credits, therefore a 3-year course would be 90 credits. However, this gap can be filled with a “Bridge Course” provided by CPA Course institutions.

CPA Exam Syllabus & Pattern

1.      Financial Accounting & Reporting (FAR)

Conceptual Framework, Stand-Setting, and Financial Reporting (25-35%)

Select Financial Statement Accounts (30-40%)

Select Transactions (20-30%)

State and Local Governments (5-15%)

Duration for the exam:

4 hours

Question pattern:

66 multiple-choice questions (50% weightage) & 9 short task-based simulations (50% weightage)

2.      Auditing & Attestation (AUD)

Ethics, Professional Responsibilities, and General Principles (15-25%)

Assessing Risk and Developing a Planned Response (20-30%)

Performing Further Procedures and Obtaining Evidence (30-40%)

Forming Conclusions and Reporting (15-25%)

Duration for the exam:

4 hours

Question pattern: 72 multiple choice questions (50% weightage) & 9 short task-based simulations (50% weightage)

3.      Regulation (REG)

Ethics, Professional Responsibilities, and Federal Tax Procedures (10-20%)

Business Law (10-20%)

Federal Taxation of Property Transactions (12-22%)

The Federal Taxation of Individuals (15-25%)

Federal Taxation of Entities (28-38%)

Duration for the exam:

4 hours

Question pattern:

76 multiple-choice questions (50% weightage) & 9 short task-based simulations (50% weightage)

4.      Business Environment and Concepts (BEC)

Duration for the exam: 4 hours

Question pattern: 62 multiple choice questions (50% weightage) & 5 short task-based simulations (35% weightage), written communication (15% weightage)

CPA Exam Fees

Factors Affecting CPA Course Fees in Pune

Several factors influence the fees charged by CPA course providers in Pune. Understanding these factors will help you make an informed decision when choosing a course. Key factors include:

1. Course Duration and Curriculum: The duration and comprehensiveness of the CPA course can impact the fees. As a result, longer courses with extensive coverage of the CPA syllabus may have higher fees.
2. Quality of Faculty and Study Materials: Reputed course providers often employ experienced and knowledgeable faculty members. Therefore, the quality of faculty and study materials provided can influence the course fees.
3. Access to Practice Exams and Mock Tests: Practice exams as well as mock tests are essential for preparing for the CPA examination. As a result, course providers that offer extensive practice resources may charge higher fees.
4. Additional Support Services and Resources: Some course providers offer additional support services, such as one-on-one mentoring, career guidance, and access to accounting software. These value-added services can certainly affect the course fees.
5. Reputation and Accreditation: Course providers with a strong reputation and accreditation from recognized accounting bodies may charge higher fees due to the perceived value of their programs.

Comparison of CPA Course Fees in Pune

To better understand the cost variations, let’s consider some examples of the popular CPA course providers in Pune. The table below provides a breakdown of course fees:

Please note that the fees mentioned above are for illustrative purposes only and may vary based on the current market conditions. Moreover, it is essential to research and contact the course providers directly for accurate and up-to-date information.

More about these Institutions:

EduPristine CPA Course Fees in Pune

Rs. 1,32,000/-

Becker’s authorised training partner, EduPristine, is dedicated to assisting you at every step of the way. Everything from your US CPA exams through the licencing process is covered. They provide hands-on and experiential learning, as well as soft skills training and job placement support.

Study Material:

• Exam-oriented Content
• Mock Exams Environment
• Task-based Simulations
• Problem-solving Questions

Faculty:

• Experienced and Passionate Trainers
• Qualified Professionals

Testimonials:

Simandhar Education CPA Course Fees in Pune

Rs. 2,40,000/-

Becker CPA review, in conjunction with Simandhar CPA, provides everything a CPA candidate needs to pass all four examinations. For example, mock examinations, revision tests, quizzes, counselling sessions, and personal coaching from licenced CPAs ensure that you do not overlook any information. Additionally, Simandhar Education has a variety of business collaborations and elite industry ties that they leverage throughout the year to place their students in the best accounting companies.

Study Materials:

• Comprehensive material
• Training by CPAs
• Revision
• Tests and Quizzes
• Collaborative study forums
• Short notes as needed

Faculty:

• SRIPAL JAIN CA,CPA(US), Co-Founder Simandhar Education
• Sudha Murthy – CA, Senior Instructor
• Suraj Lakhotia – CA ( AIR 2), CIMA – UK
• Karan B Nathvani – CA, MBA (IIM Indore), CISA, CCSK
• Geetanjali Garg Singal – B.Com, CA, CPA(US)

Testimonials:

Miles Education CPA Course Fees in Pune

Rs. 1,08,900/-

Miles has produced and developed its content from time to time, to assist you in earning your CPA. Furthermore, they provide you with continuous support in passing your exam and obtaining your licence. They feature live courses as well as recorded sessions, a cutting-edge LMS, and 24×7 assistance to make your CPA journey pleasant and simple. They also provide a 100% job guarantee in both India and the United States.

Study Materials:

• Proprietary Learning System meant for international students
• Training model with blended learning and flipped classroom approach
• Videos and live sessions by faculty led by Varun Jain, the lead CPA instructor

Faculty:

• 100+ leading global faculty and industry experts

Testimonials:

VG Learning Destination CPA Course Fees in Pune

Rs. 1,16,820/-

VGLD is founded by professionals with over 3 decades in the education industry. The learning process consists of video-based instruction, computer-graded assignments as well as a dashboard which allows the student to track his/her progress. Moreover, VGLD provides placement assistance to all its CPA-enrolled candidates.

Study Material:

• Self-paced learning content by Becker Professional Education
• 240+ hours of exclusive recordings
• 6500 Multiple Choice Questions
• 250 task-based simulations and study planner
• Access to mock exams

Faculty:

• Experienced and passionate faculty

Testimonial:

Tips to Manage CPA Course Fees in Pune

Managing expenses is crucial when pursuing a CPA course. Consider the following tips to ensure effective financial management:

1. Plan Your Budget and Estimate Expenses: Firstly, create a detailed budget outlining all expenses, including course fees, study materials, accommodation, transportation, and living expenses. This will help you assess the overall cost and plan accordingly.
2. Seek Fee Discounts and Payment Options: Some course providers may offer discounts or instalment payment options. Therefore, inquire about such possibilities to reduce the immediate financial burden. Various interest-free loan options are also available.
3. Utilize Free or Low-Cost CPA Study Materials: While comprehensive study materials are important, there are several free or low-cost resources available online. Therefore, utilize these resources alongside your main course material to save on expenses.

Return on Investment (ROI) for CPA Certification

Investing in a CPA certification can yield substantial returns. Consider the following aspects when evaluating the ROI:

1. Career Opportunities and Earning Potential: CPA certification significantly enhances career prospects. Moreover, CPAs are in high demand in various industries, including public accounting firms, corporate finance departments, and government agencies. The certification often leads to higher salaries as well as better job prospects. The salary of CPAs in India is noteworthy.
2. Job Market and Demand for CPAs in Pune: Pune is a hub for Finance and Accounting professionals. The city offers a wide range of opportunities in sectors such as IT, Manufacturing, Financial Services, and more. Moreover, the demand for CPAs in Pune is expected to remain strong in the coming years.
3. How CPA Certification Enhances Career Progression: CPA certification equips you with the necessary skills as well as knowledge to excel in the accounting profession. Additionally, it opens doors to senior management positions, consultancy roles, and the opportunity to start your accounting practice.

CPA Course Fees in Pune: Conclusion

Choosing the right CPA course in Pune is a crucial decision that requires careful consideration of both quality and cost. By understanding the various factors that influence course fees, comparing options, exploring financial aid programs as well as managing expenses effectively, you can embark on a successful CPA certification journey. Moreover, remember that the investment you make in your CPA education can yield significant returns in terms of career opportunities, earning potential, and personal growth. So, take the first step towards a rewarding accounting career by choosing the CPA course that aligns with your goals and aspirations.

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