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Old 30th June 2008, 09:55   #1
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Default US Cpa degree : Will it work in India ?

Hi,
I know this is seriously OT in an automotive forum but i need your advice on this.
I was planning to do my Cpa (chartered accountancy) in the USA and want to move back to India after a couple of years of getting my license. Will i be able to work as a ca (private practice or in a ca firm) in India ?
I am doing my under graduation in business administration specialising in accounting and/or finance.
Need your help on this.

Thanks a lot.
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Old 30th June 2008, 11:07   #2
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My accounting Prof. in college who was also on E&Y's review board told me that CPA would require country specific licences, esp. in India coupled with IQEX. CFA is recognized internationally and would not need local certification. However this information is 4 years old so you should check with India CA board for the latest details.
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Old 30th June 2008, 11:13   #3
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All the best cooldude.

I guess this website might be of great help for this question.
CAclubindia - Interactive Platform for Finance Professionals & Taxpayers , Chartered Accountant ,CAs India, CA india ,Company Secretary ,CS,* Cost Accountants , MBA and Finance Professionals. ICAI
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Old 30th June 2008, 11:35   #4
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Quote:
Originally Posted by cooldude1988765 View Post
Will i be able to work as a ca (private practice or in a ca firm) in India ?
I am doing my under graduation in business administration specialising in accounting and/or finance.
If you could also pick up a number of I.T. courses then you could write your own paychecks just about. I mean systems analyst stuff, not programming. I know it is not what you want to hear, more school, but knowlege=indispensibility=good job=$$$$. You might end up doing Western work in India for Western pay. That would not be too hard to take.

Last edited by DirtyDan : 30th June 2008 at 11:38. Reason: omission
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Old 30th June 2008, 11:49   #5
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I am a CA student, you cannot practice as an Indian CA with US CPA. You would certainly get a job in the Big 4 firms out here, or any industry for preparation or verification of US GAAP but you will not be able to sign here as a Chartered Accountant. In terms of scope worldwide, there is no problem with either of the 2 if you are considering it as an option.
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Old 30th June 2008, 12:55   #6
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Thanks for the help vcash, bblost, dirtydan and grvanand.
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Old 30th June 2008, 15:54   #7
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This is right information + in US also you will have to register in the particular state you want to practice.

But why would you want to return after 4 years and work, then it might be a good thing to study CA here itself.

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I am a CA student, you cannot practice as an Indian CA with US CPA. You would certainly get a job in the Big 4 firms out here, or any industry for preparation or verification of US GAAP but you will not be able to sign here as a Chartered Accountant. In terms of scope worldwide, there is no problem with either of the 2 if you are considering it as an option.
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Old 30th June 2008, 16:32   #8
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what are the eligibility requirements to take the CPA exam? 3yr degree in accts and finance? or 4yrs needed?
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Old 1st July 2008, 01:01   #9
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any degree with 150 credits (should take an average student 5 years).
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Old 1st July 2008, 03:26   #10
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Quote:
Originally Posted by cooldude1988765 View Post
Hi,
I know this is seriously OT in an automotive forum but i need your advice on this.
I was planning to do my Cpa (chartered accountancy) in the USA and want to move back to India after a couple of years of getting my license. Will i be able to work as a ca (private practice or in a ca firm) in India ?
I am doing my under graduation in business administration specialising in accounting and/or finance.
Need your help on this.

Thanks a lot.
Being a CA student, I can confirm this that you cannot practice as a CA in India unless you are a certified Chartered Accountant by ICAI.

The only place where you will gain is in MNC. But one thing for sure, the degree will not help you to be Self Employed in India. But, it will give you good value as an Employee.

Last edited by vinit.merchant : 1st July 2008 at 03:36.
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Old 1st July 2008, 05:21   #11
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whats the pay package u can expect if u do CPA from india and work in a MNC
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Old 1st July 2008, 20:32   #12
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whats the pay package u can expect if u do CPA from india and work in a MNC
Anywhere between 8-12 Lakhs start, can go higher depending on your prior experience.
But appearing for CPA costs a bomb. Just the exam fees comes to 2.5 Lakhs odd plus expenses for travelling to US and stay there.
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Old 1st July 2008, 21:02   #13
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Ok.. here's something...

No you can not "practice" in India as of now. (Can't say after the WTO agreements come into picture)

Can you work? Yes...
Will you get a job? easy...

Would you want to work? NO... the accounting profession is pretty ****ty out here.. including the big 4. The work is definately more intelligent but the culture isn't... it consumes you.

If you can do your CPA and manage to get a good job there... don't come back :(

Otherwise if you see your long term future here... then do C.A. and alongside give the CPA exams too. I know people who have done both together without much trouble.

USGAAP has been the king so far. But IFRS is the thing coming up... so think about that too.
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