People across the country are running towards pursuing the profession of CPA but little do they know about its history and how it originated. Before the article defines the eligibility criteria and key takeaways, you will be briefed about the history of CPA.
Historical Background of CPA
The history date backs to 1882 when the world got its first accounting corporation which endorses the requirement of people in the accounting profession and for educational objectives. The Institute of Accountants and Bookkeepers of the City of New York is the prominent name that turned to be the first corporation.
With the accountancy and industrial development in the world, the requirement of looking for services from skilled accountants who had increased standards and were recognized and considered. In 1887, the American Association of Public Accountants was established to set moral standards for the procedure of accounting. In 1896, the title “Certified Public Accountant” or CPA was formulated and passed in New York encompassing the statute to become a Certified Public Accountant.
This is the gist of the emergence of the CPA profession in the world.
US CPA course eligibility
US CPA course eligibility is inferred by individual state boards of accountancy. Many countries have acquired the “150-hour rule which usually compels an additional year of instruction passed a regular 4-year college degree or an equivalent master’s degree. Several universities propose a 5-year integrated bachelor’s/master’s degree program, permitting a student to earn both degrees while obtaining the 150 hours needed for exam eligibility.
Eligibility in India
US CPA course eligibility requires 120 credits. Each year of university education in India is comparable to 30-semester credits of US education.
A candidate pursuing BCom earns 90 credits (3years * 30 credits). However, a proficient qualification like CA/CS/CWA is summed up as two years of university education, therefore adding 60 credits more to your prevailing credits.
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- an extraordinary learning environment that would help you with better knowledge.
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