us cpa success - University of Toronto Scarborough

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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 !!
Why would we want to obtain the
U.S. CPA designation?
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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
Continue…

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
Continue…
 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
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
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)
4 Exams
1.
2.
3.
4.
Auditing and Attestation
Financial Accounting and Reporting
Regulation
Business Environment and Concepts
4.5
4
3
2.5
Hours
14
Offered during testing windows January-February, April-May,
July-August and October-November.
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.
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.
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
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
Exam Information
www.uscpasuccess.com
www.cpa-exam.org
www.prometric.com
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.
Choosing a State
Each state is different.
Some require five years of post-secondary
education.
At least an associate’s 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.
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.
Locations & Exam Fees
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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)
U.S. CPA Prep Programs
UNIFORM
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4-Day Program
IQEX
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3-Day IQEX Program
Our Programs
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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.
4-Day Program
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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!
IQEX Program
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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.
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.
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.
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
Jim Knafo
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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
Henry Zimmer
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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
Mark Feigenbaum
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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.
THANK YOU!~
U.S. CPA Success >>>>>>>>
Contact Info

U.S. CPA SUCCESS
Tel: 416-925-3889
Fax: 416-925-1209
info@uscpasuccess.com
http://www.uscpasuccess.com/

Aubrey Glazman
Toll Free#: 1-877-872-7239
Direct Line: 1-561-995-9311
aubrey@uscpasuccess.com
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