I am a third year bcom (hons) llb integreted student. If I pursue US-CPA / US-CMA what is the use of these in India or Europe. Also what will be the use ofmy law degree in Europe or India or US if I pursue CPA/CMA.
Hi there,
OK, let me tell you first that these type of questions are quite challenging to answer and have a good space for information to be filled . Coming back to your query:
As you may be also knowing that 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 (http://www.aicpa.org/Pages/default.aspx) (AICPA) , which is the largest and the most reputed body for accounting field in the world.
If you are planning to pursue CPA from The US, then you should have these things in mind first:
1.The eligibility factor:
- Member of the Institute of Chartered Accountants of India.
- Member of the Institute of Cost and Works Accountants in India.
- Member of the Company Secretaries in India.
- Master of Commerce
- MBA
**In order to appear for the exam the candidate must have any of the above qualification.
2.Use of CPA ( both in India and rest of the World):
- According to the educational experts the CPA course is considered as the Top most qualification , to show your potential in the field of accounting.
- You will get International Recognition across the globe which is a big thing in itself.
- Career opportunities: Accounting & Auditing Firms, Research firms, Investments banks, Hedge Funds, Private equity firms, Commercial banks, Mutual funds, Merger & Acquisition and many more ...These are the best career options one can get after completing the CPA course, and this is different from a CA because these options are NOT ONLY LIMITED TO INDIA .
#Use of your LLB: A CPA will have knowledge of US GAAP, GAAS and US federal taxation and business laws.{ this means your LLB could act as an advantage over the period of time }
I hope this will help you!!
