U.S. CPA SUCCESS

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U.S. CPA SUCCESS

• The benefit of having a CPA
• Who is eligible to take the exam?
• Exam content
• Exam procedures
• U.S. CPA Prep. Program
• Instructors
• Questions !!

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Why would we want to obtain the U.S. CPA
designation?

• Will make you much more competitive in the job
  market (competitive advantage)
• The most widely held and globally recognized
  professional accounting designation in the world
• Highly-regarded professional designation in the
  international business community
• Demonstrate to clients and employers that you
  have the knowledge, skills and abilities to be a
  competent and trusted business advisor

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• the CPA is a brand name that will take about 4
  months of part-time studying, compared to 2 years
  for an MBA and 3 years for a law degree
• it's a very easy technical, primarily
  multiple-choice exam, testing few application
  skills and little integration of the different
  subjects
• ongoing dues, continuing education requirements,
  U.S. residency requirement, and even work
  experience is NOT required in all states

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• You can take the exams one at a time in most U.S.
  cities.
• The CPA designation itself is good in all 50 U.S.
  states. Licensing is unique to each individual
  state, but this only applies if you intend to
  move to the U.S. AND (not or) sign audit reports.
  In any case, you never have to write another
  exam, but for licensing, they might check your
  education and work experience

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Who is Eligible?

• Virtually all ACCAs CAs (from any country) and
  university graduates
• Most CGAs, CMAs and CGA/CMA/CA/ACCA students
• Many undergraduate business students but a degree
  and U.S. tax course might be required prior to
  writing the exam

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3Es

• Education Canadian university graduates with
  courses in accounting, commerce or
  business administration meet the educational
  requirements
• Work Experience Some states do not require any
  work experience. Other states that do
  require some work experience will accept
  Canadian work experience that can be
  completed either before or after passing
  the examination
• Examination Must pass the U.S. Uniform CPA
  Exam (4 exams that tests only
  entry-level technical material)

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4 Exams

• Auditing and Attestation 4.5
• Financial Accounting and Reporting 4
• Regulation 3
• Business Environment and Concepts 2.5
• Hours 14
• Offered during testing windows January-February,
  April-May, July-August and October-November.

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The U.S. Uniform CPA Exam

• Extended syllabus of required knowledge,
  including such topics as microeconomics,
  macroeconomics and finance
• A computer-administered exam offered at
  designated Prometric computer testing centres
• Includes simulations which test candidate
  research skills and require use of reference,
  spreadsheet, database and word processing
  software.

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Testlets

• Groups of questions that are constructed to
  appear together.
• A testlet is 25 multiple choice questions OR a
  simulation.
• Exams comprise approximately 3 multiple choice
  testlets and 2 simulation testlets.

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Simulations
assessment of knowledge and skills in context
approximating that found on the job through the
use of realistic scenarios and tasks, and access
to normally available and familiar resources
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Simulations

• Simulations are condensed case studies
• 35-45 minutes in length
• Set of facts will be provided
• Access to authoritative literature provided
• Required tasks will be assigned (eg brief memo)
• Not in BEC exam

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Exam Information

• www.uscpasuccess.com
• www.cpa-exam.org
• www.prometric.com

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Exam Process

• Apply to state of your choice
• Take exams in any order
• Arrange appointment with Prometric testing
  centre
• One attempt only allowed at each exam in each
  enrolment window
• Passes are valid for 18 months and then expire
  if you have not completed all 4 exams in that
  time.

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Choosing a State
Each state is different. Some require five years
of post-secondary education. At least an
associates degree or professional designation is
required. Some states require practical
experience before or after passing the exam to
get the CPA. Of those states that do not, there
are two often used by Canadians which do not
require work experience.
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Credential Evaluation
Use U.S. CPA Success useful links follow
instructions of each state. Do as early as
possible as processing of applications takes
time.
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Locations Exam Fees

• Virtually all major U.S. cities in virtually all
  states
• Computer Based Testing at Prometric testing
  centres
• Individually scheduled within windows
• Register 5 - 45 days in advance
• Different states have different exam fees (around
  150 per exam)

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U.S. CPA Prep Programs

• UNIFORM
• 4-Day Program
• IQEX
• 3-Day IQEX Program

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Our Programs

• No tapes, all live
• For Canadians, it is a prep course, not a "review
  course", since very few CDNS have had any
  exposure to U.S. tax, U.S. law, and U.S. fund
  accounting. We therefore assume no knowledge
  whatsoever in these areas, and start from
  scratch.
• For other areas we provide review materials and
  encourage you to use knowledge gained in your
  degree program.

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4-Day Program

• Prepare U.S. Uniform CPA exam participants with
  the concepts and knowledge necessary to pass the
  exam
• Will discuss all of the necessary technical
  material
• Will review hundreds of prior CPA exam questions
• Will teach you proven techniques for answering
  testlet and simulation questions that will ensure
  you pass all 4 parts of the exam the first time!

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IQEX Program

• Focuses on all technical areas tested on the exam
• Intensively review all of the law, fund and
  not-for-profit accounting, taxation and
  professional ethics syllabus areas (covering
  70-80 of the IQEX exam content).
• Reviews hundreds of prior U.S. CPA MC questions
• Shows you the proven skills and MC exam
  techniques
• Exam Cram opportunity to attempt and obtain
  feedback on full-length practice examinations.

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Courses available in Toronto

• Courses are available in winter and throughout
  the summer.
• Unlimited repeats allowed you pay only for new
  materials which are updated each year.
• All Toronto courses are currently held at Days
  Hotel and Conference Centre Highway 400/401
  Jane/Wilson.

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Our Instructors

• In addition to our instructors' combined 50
  years relevant teaching experience, one of our
  instructors was selected by the AICPA to mark the
  examination essays for thousands of candidates
  taking the CPA Exam. Our 2007 participants will
  truly benefit from our unique expertise which
  will assist our course participants with the
  simulation portion of the exam. Our instructors
  will show you the common mistakes made by many
  exam candidates, discuss methods of maximizing
  your grades on the simulation questions, and
  answer any individual questions from our
  participants.

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Aubrey Glazman

• Passed all 4 parts of the U.S. Uniform CPA Exam
  in 1991
• Passed the U.S. CPA Reciprocity (IQEX) exam
  (scoring in the top 5 of all 1997 IQEX exam
  candidates)
• Canada's most experienced U.S. CPA exam
  instructor, and, over the past ten years has
  helped more than 1700 Canadian accountants pass
  the U.S. CPA exams

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Jim Knafo

• The first U.S. CPA Exam instructor in Canada to
  pass the U.S. CPA Reciprocity Exam.
• exam-grading specialist and for several years
  has been involved in the marking of thousands of
  professional final examinations for Canadian
  governing bodies
• Instructs in both our U.S. CPA Preparatory
  Program and Introduction to U.S. Income Taxation
  course
• has helped more than a thousand accountants pass
  the U.S. CPA Exams

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Henry Zimmer

• Passed the U.S. CPA Reciprocity exam (scoring in
  the top 10 of all 1998 IQEX exam candidates)
• Passed all four parts of the November 2000 U.S.
  Uniform CPA exam
• One of Canada's most experienced professional
  instructors, and, over the past thirty years, has
  helped thousands of Canadians earn their
  professional accounting designation

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Mark Feigenbaum

• Was selected by the American Institute of
  Certified Public Accountants (AICPA) to mark the
  examination essays for thousands of candidates
  taking the U.S. Uniform CPA Exam
• He is Canada's only U.S. CPA who has actually
  been involved as an AICPA marker of the essay
  portion of the Uniform CPA Exam
• Taught hundreds of U.S. CPA exam candidates in a
  number of large national U.S. CPA prep programs
  in the U.S.

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THANK YOU!

• U.S. CPA Success gtgtgtgtgtgtgtgt

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Contact Info

• U.S. CPA SUCCESS
• Tel [phone]
• Fax [phone]
• info_at_uscpasuccess.com
• http//www.uscpasuccess.com/
• Aubrey Glazman
• Toll Free 1-877-872-7239
• Direct Line 1-561-995-9311
• aubrey_at_uscpasuccess.com