Gradually, Indians are showing interest in a CPA program more than CA. There are various reasons to give preference to CPA than CA. If you are wondering to make career in the field of business management or accountancy, it is very good to know about the major reasons for choose Certified Public Accounting than Chartered Accounting. The CPA program has been getting popular in India for the last 5 years. Youth, business management trainee and employees, all are taking interest in pursuing the course.
The success rate of the CPA course is impressive than CA. According to a survey in India, it has been proved that the success rate of CA is less than 10%. In this situation, Indians feel hesitate to pursue the program. But the CPA success rate is incredible. In the USA, the success rate of the program is more than 90%, so does Australia has. This is one of the prime reasons that attracts Indians to prefer the program much over CA. Study In Australian Universities
Certified Public Account course takes not more time than Chartered Accountancy. In America, it is a fast track program that takes less than a year to complete. The course duration can be 9 months or 10 months. Each state of the US conducts the program and provides license to those who qualify. In Australia, pursuing the program from a reputed Australian university can take 2 and a half years. The course is full time for international students. The Chartered Accountancy program can take more than 3 years. It depends on your ability that you take 3 years or more to qualify the course. Many Indians fear to spend so much effort on the program because they have a fear that if they don’t qualify the program, it would be wastage of time and money. It hampers their career too.
The CPA Australia or the US, both focus on international economy, business and accountancy. Students earn knowledge that is global based. But in the CA, it is based on Indian standard. The economic science and business strategies, students learn are based on the Indian economy. Therefore, when comparing area specific knowledge and global knowledge, the strength is seen in global knowledge more that is a CPA course focused.
International opportunities are offered to people with CPA licence. In India itself, banks, finance institutions and MNCs prefer to hire a CPA license holder than a CA holder. This is one of the prime advantages offered to CPA program holders.
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