8/16/2019 acca-vs-cpa

1/1

  US CPA ACCA

Licensing and

exam admin Body

  License granted by any of the 55 state boards of

accountancy in the US

  Exam administered by AICPA and Prometric

ACCA (UK)

Time to complete Can technically be done within a few months, but

mostly 12-18 months

3-4 years

Testing Windows Any weekday in Jan-Feb, Apr-May, Jul-Aug, Oct-Nov  2 days: June and December each year

Exam site

location

US, Brazil, Japan, and 4 Middle East countries

(non-US sites have restrictions in residency)

170+ countries with no restrictions in

citizenship and residencyEligibility Requirements

Education   4-year bachelor degree 

  150 credit hours (equivalent to 5 years) of general

higher education

  None for foundation level

  Post-secondary for professional

level (depends on country)

Experience   12-24 months (depends on state board)

  Most states require supervisor to be active US

CPAs

  36 months

  No particular requirement on

supervisors

Exam Format and Content

Exam format   Multiple choice (50-60%)

  Task-based simulations or essays (40-50%)

  Objective

  Longer type

 

Case studiesDelivery style   100% computer-based Mainly paper-based, but computer-

based available for the first 7

foundation level exams

Number of parts /

papers and

subject areas

4 parts 

  Financial accounting and reporting (FAR)

  Audit and Attestation (AUD)

  Regulation (REG)

  Business Environment and Concept (BEC)

14 papers

9 at foundation level:

  F1: Accountant in Business

  F2: Management Accounting

  F3: Financial Accounting

  F4: Corporate and Business Law

  F5: Performance Management

 

F6: Taxation  F7: Financial Reporting

  F8: Audit and Assurance

  F9: Financial Management

5 at professional level:

  P1 Governance, Risk & Ethics

  P2 Corporate Reporting

  P3 Business Analysis

(Select 2 from P4-P7)

  P4: Advanced Financial Mgmt

 

P5: Advanced Performance Mgmt  P6: Advanced Taxation

  P7: Advanced Audit and Assurance

Exemptions Members of statutory bodies in Canada (legacy CA

only), Australia (CA only), Hong Kong, Ireland, Mexico

and New Zealand can take the shorter version known

as IQEX 

Bachelor degree holders can apply for

exemption for part or all papers at

Fundamental level. There are also

exemptions for holders of various

certifications.

Source: http://ipassthecpaexam.com/acca-vs-cpa-us

http://ipassthecpaexam.com/cpa-exam-testing-window/http://ipassthecpaexam.com/cpa-exam-testing-window/http://ipassthecpaexam.com/cpa-exam-testing-window/http://ipassthecpaexam.com/us-cpa-exam-in-brazil/http://ipassthecpaexam.com/us-cpa-exam-in-brazil/http://ipassthecpaexam.com/us-cpa-exam-in-brazil/http://ipassthecpaexam.com/us-cpa-exam-in-japan/http://ipassthecpaexam.com/us-cpa-exam-in-japan/http://ipassthecpaexam.com/us-cpa-exam-in-japan/http://ipassthecpaexam.com/us-cpa-exam-in-middle-east/http://ipassthecpaexam.com/us-cpa-exam-in-middle-east/http://ipassthecpaexam.com/us-cpa-exam-in-middle-east/http://ipassthecpaexam.com/cpa-educational-requirements/http://ipassthecpaexam.com/cpa-educational-requirements/http://ipassthecpaexam.com/cpa-experience-requirements/http://ipassthecpaexam.com/cpa-experience-requirements/http://ipassthecpaexam.com/cpa-simulation/http://ipassthecpaexam.com/cpa-simulation/http://ipassthecpaexam.com/cpa-exam-written-communications/http://ipassthecpaexam.com/cpa-exam-written-communications/http://ipassthecpaexam.com/cpa-exam-written-communications/http://ipassthecpaexam.com/cpa-exam-syllabus/http://ipassthecpaexam.com/cpa-exam-syllabus/http://ipassthecpaexam.com/iqex/http://ipassthecpaexam.com/iqex/http://ipassthecpaexam.com/iqex/http://ipassthecpaexam.com/acca-vs-cpa-us/http://ipassthecpaexam.com/acca-vs-cpa-us/http://ipassthecpaexam.com/acca-vs-cpa-us/http://ipassthecpaexam.com/iqex/http://ipassthecpaexam.com/cpa-exam-syllabus/http://ipassthecpaexam.com/cpa-exam-written-communications/http://ipassthecpaexam.com/cpa-simulation/http://ipassthecpaexam.com/cpa-experience-requirements/http://ipassthecpaexam.com/cpa-educational-requirements/http://ipassthecpaexam.com/us-cpa-exam-in-middle-east/http://ipassthecpaexam.com/us-cpa-exam-in-japan/http://ipassthecpaexam.com/us-cpa-exam-in-brazil/http://ipassthecpaexam.com/cpa-exam-testing-window/