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CMA USA

How do I enrol in CMA (USA) course?
  1. Register with Emerge Management Academy (EMA) as your review coach for earning the CMA certification. You may contact us : “Provide contact details link to user”
  2. Register for the exam with the help of our course co-ordinator. You can register for Part 1 and Part 2 in any order or register for both at the same time
  3. Prepare to complete certification requirements including submitting your education transcript and work experience. This can be done before or after passing the exam but is required as a final step to become certified.
  4. Prepare to attend our coaching sessions in anyway way most suitable for you. (online/ offline/ hybrid)

IMA® (Institute of Management Accountants) is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. IMA offers its members exclusive access to the CMA® (Certified Management Accountant) program. We are committed to helping you – and our network of more than 100,000+ members – to expand your professional skills, better manage your organization, and enhance your career.

ICMA® (Institute of Certified Management Accountants) is the certification affiliate of IMA. ICMA is responsible for developing, administering, and grading the CMA exam; establishing the policies and procedures for the CMA program; and for ensuring the program’s overall integrity. The ICMA Board of Regents is responsible for setting policies, and the ICMA staff is responsible for operations.

  1. Active membership in IMA (Institute of Management Accountants)
  2. A bachelor’s degree from an accredited college/university or a related professional certification
  3. Complete two continuous years of professional experience in management accounting or financial management. This requirement may be completed prior to or within seven years of passing the examination.
  4. Passing Parts 1 and 2 of the CMA exam.

For further details, please refer to the CMA Handbook.

The CMA exams are computer-based and administered at hundreds of Prometric Test Centres worldwide. With three testing windows each year, you can sit for an exam at a time and place convenient for you.

If you are enrolled in the CMA program and are ready to sit for the exam, here are the steps:

  1. Pick your testing window. Testing windows are offered in January/February, May/June, and September/October.
  2. Register for the exam at imaonlinestore.com.
  3. Receive your authorization number(s) along with further instructions.
  4. Schedule your exam appointment(s) with Prometric, our testing partner, at prometric.com/ICMA

Candidates take the CMA exam in person at a Prometric Test Center. In accordance with local customs, Prometric Test Centers are available throughout the U.S. and internationally. To locate a test center, please visit www.prometric.com/ICMA.

Remote testing is currently not available for the CMA exam.

Exams are offered according to the following schedule:

  • January and February
  • May and June
  • September and October

You may reach out to our course co-ordinator for scheduling an exam or may do so yourself.

To schedule exam appointments, visit www.prometric.com/ICMA or call (800) 479-6370. To ensure your first choice of date, time, and location, it is best to schedule your appointment at least four weeks in advance. All exam appointments must be scheduled at least 72 hours in advance of the exam date. Once you are registered, you must take the exam part during your assigned testing session. If, for any reason, you are unable to schedule an exam appointment during the assigned testing window, you will need to pay another registration fee. Appointments cannot be rescheduled to another testing window.

No, you can take parts 1 and 2 in any order. You have the option of taking both together on the same day, although many members choose to separate their testing dates.

Performance Reports are sent via e-mail from Prometric to all candidates who take an exam part. The performance reports are emailed approximately 14 days after exam results are posted to the candidate’s profile.
Candidates who do not pass the exam will receive a report that indicates their performance on each of the key topic areas in the multiple-choice section as well as their overall performance on the essay section of the exam.

Candidates must complete the CMA program within three years from the date of entry into the certification program. If both exam parts are not successfully completed within three years of entering the program, any passed part will expire, and the CMA entrance fee will need to be repaid.

You will lose any previous passed scores and will need to register for the exam again.

On the IMA website, click “My Profile” and then “My Certifications.” There, you will find your exam status and transcript, information on your work experience and education, and more.

Each part’s scoring range is 0-500, and the passing score is 360, i.e.72%

An exam part may be taken only once in a testing window. You can sit for as many testing windows as you need in your three-year period. All retakes require a new exam registration (not CMA entrance), along with payment of appropriate fees: $460 for professionals, $345 for Students/Academic members.

Our Chief Coordination Officer can hand hold you to check on eligibility status to enroll for the CMA (USA) course.

Alternatively, to fulfil your educational requirements, please submit original transcripts (or notarized copies) electronically to CMAEducationDocuments@imanet.org. Please email all documents in PDF format and make sure to include your IMA membership number. If you have questions regarding your educational documents, please email CMAEducationDocuments@imanet.org.

To validate your work credential, you will need to fill out the online CMA Experience Requirement Form.

A copy of your transcript can be found by clicking here.

Note: You need to have passed both parts of the CMA exam and be an active IMA member to access your transcript.

Please check your Member Dashboard to see what requirements are pending.

To fulfil your educational requirement, please submit original transcripts (or notarized copies) electronically to cmaeducationdocuments@imanet.org. Please email all documents in PDF format and make sure to include your IMA membership number. If you have any questions regarding your educational documents, please email cmaeducationdocuments@imanet.org.

To validate your work experience, you will need to complete the CMA Experience Requirement form.

As a reminder, active IMA membership is required prior to certification.

Once your certificate number has been issued, you can begin using the CMA designation as part of your professional credentials. To check if your certificate number has been issued, please review the My Profile section of the IMA website. If you see the CMA designation after your name, your CMA certificate number has been issued.

 

Once you have completed both parts of the CMA exam, you will be required to report 30 hours of CPE on an annual basis and a minimum of two hours must be in the field of ethics. A copy of the CPE Requirements and Rules can be found here.

CPA USA

How much does the Uniform CPA Examination cost?

The total cost includes application and administration fees, in addition to the examination fees. There are also additional administration fees for candidates who wish to test in Guam or at International Testing Centres. The cost varies for each jurisdiction. Refer to your jurisdiction’s application materials for additional information.

Alternatively, you may reach out to us to gather more information on the cost to enroll, evaluate and exam application fees.

There is no deadline for submitting your application. Some test centres fill quickly, especially at the end of a testing window. Allow plenty of time for your application/registration to be processed. You cannot schedule your examination until you receive your Notice To Schedule (NTS). You must schedule your appointment at least five days in advance, but it is recommended to schedule your examination 45 days in advance.

No. You can apply to any jurisdiction provided you meet the eligibility requirements. Some jurisdictions have a residency requirement. Refer to the jurisdiction’s application materials for additional information.

To know more on eligibility requirements you may reach out to our course co-ordinator.

There are many factors that affect this decision, and the answers to these questions vary by jurisdiction. In which jurisdiction(s) do you want to be licensed? In which jurisdiction(s) do you want to practice? To make an informed decision, please review the license requirements for the jurisdiction(s) in which you want to practice.

Alternatively, you may reach out to our course co-ordinator for guidance.

No, Candidate’s applying through CPA Examination Services would first submit an education evaluation application to determine the candidate’s eligibility. After a candidate has been deemed eligible, then they would submit an exam section application to obtain an NTS.

Alternatively, you may reach out to our course co-ordinator for guidance.

The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) collaborate on the Uniform CPA Exam, with the AICPA focusing on developing, writing, and scoring the exam, while NASBA handles administration, candidate management, and coordination with state boards. The AICPA serves professional members, and NASBA acts on behalf of 55 state licensing boards. 

The eligibility requirements vary by jurisdiction. Each jurisdiction has specific requirements regarding education, experience, and residency. Refer to your jurisdiction’s application materials for additional information.

Alternatively, you may reach out to our course co-ordinator to help with eligibility check.

Even if you are short on eligibility requirement credits, our course co-ordinator may guide you to still pursue the CPA (USA) examination as we have tie ups with universities that offer short, online programs that help gather the credit shortfall.

Please reach out to our course co-ordinator to seek help.

Candidates may now take the computer-based Uniform CPA Examination year-round. Site availability may vary due to individual test centre hours of operation.

Continuous testing will allow candidates to re-take a failed exam section shortly after receiving their score. The only limitations on how many times you can take a section is the time it takes to receive a score, reregister, obtain the new NTS, and find an available testing date.

The Notice to Schedule (NTS) is your notification that you may begin scheduling your examination with Prometric. You must present your NTS at the testing centre before beginning your examination. For full details on the NTS, please refer to the Candidate Guide.

Your NTS will be valid for a specific amount of time. This time varies by jurisdiction. Refer to the Candidate Guide or your jurisdiction’s application materials for additional information. You must sit for the examination before your NTS expires. If you do not sit for the examination within the established time frame, your NTS will be invalid, and you will need to submit a new application and/or registration to receive a new NTS. The NTS expiration date is included on the NTS.

Your NTS is valid for one testing event or until the expiration date, whichever is first exhausted for each examination section. This includes non-testing months.

If you received your NTS via email and still have your original message, you can print another copy. If you received your NTS via U.S. mail, contact NASBA to request a reprint. You will not be permitted to enter the test centre without a valid NTS. Remember, NASBA personnel may not be available evenings, weekends, or holidays.

The CPA USA exam consists of four sections under a “Core + Discipline” model, with each section taking four hours to complete. Candidates must pass three core sections—AUD, FAR, and REG—and choose one specialized discipline section from BAR, ISC, or TCP. 

Core Sections (Required):

Discipline Sections (Choose One):

Content organized by Area, Group, and Topic, along with score weighing can all be found on the AICPA’s website: https://www.aicpa-cima.com/resources/article/learn-what-is-tested-on-the-cpa-exam.

This varies for each jurisdiction. Your State Accountancy Board determines if credit is granted, and the length of time credit is valid. Most jurisdictions allow a maximum of 18 months to pass all remaining sections in order to retain credit on the passed section(s).

Some states require candidates to complete the licensure eligibility requirements and application within a specific timeframe. This timeframe varies by state. For additional information, please consult the Accountancy Licensing Library.

You have until the end of testing on the day your credit expires. Remember, when scheduling your examination, some testing centres are not open on weekends or holidays. For some jurisdictions, the expiration date for conditional credit may fall in a non-testing month.

You may cancel or reschedule your appointment by contacting Prometric. There is no fee for cancelling or rescheduling an appointment at least 61 days in advance. If you cancel or reschedule between five and 60 days before your appointment, you must pay a fee directly to Prometric.

 If you reschedule within two to five days of your appointment, you will be required to pay the full Prometric seat fee for the section you are rescheduling. See the Candidate Guide for additional information regarding these fees. You cannot make any changes to your appointment less than 24 hours in advance. You will have to contact the Board/agency to which you originally applied to register again.

Yes. You may schedule your examination at any Prometric site in any of the 54 jurisdictions. You do not have to sit in the same state where you applied.

In March 2011, in conjunction with the AICPA and Prometric, NASBA announced the opportunity for international administration of the Uniform CPA Examination. Please see the International Administration section of this website for more information.

There are no restrictions on taking the examination outside of your jurisdiction. However, a person may not be a candidate for more than one jurisdiction at the same time, and will not be able to bypass a jurisdiction’s educational or licensing requirements by taking the examination outside of the jurisdiction in which he or she is seeking to become licensed.

Please see the International Administration section of this website for more information on taking the CPA examination in international locations.

There is an additional surcharge for candidates testing at the Guam Test Centre. Refer to the Candidate Guide or Guam Administration section of any jurisdiction’s page for additional information.

There are no additional fees for testing at any other test centre outside your jurisdiction within the U.S. and its territories. For information about additional fees for testing in an international location, please refer to the International Administration section of this website.

After you receive your NTS, you need to contact Prometric through their website and arrange for a seat at the examination site of your choice. You should schedule as far in advance as possible, and must schedule at least five days in advance. To increase the likelihood that you will receive your first choice for site location and time, you should schedule your examination 45 days in advance. Your NTS is valid for a specific amount of time, which varies by state. If you do not sit by the expiration date on the NTS, that NTS becomes invalid and cannot be used. Each NTS covers more than one testing window and includes dates that are not open for testing. Plan your examination schedule carefully. We strongly recommend that you read the Candidate Guide.

If the emergency occurs more than 24 hours prior to your examination appointment, contact Prometric to cancel or reschedule your appointment. If you have a hardship or medical situation that prevents you from sitting, please contact NASBA immediately and request an extension. Extensions are determined on a case-by-case basis and require documentation.

Contact the office/agency to which you submitted your application. You must have a corrected NTS to be admitted to the examination. No changes can be made to your NTS less than five days prior to your appointment.

The examination is administered at Prometric test centres in 54 U.S. jurisdictions, which include the 50 states, the District of Columbia, Puerto Rico, Guam and the U.S. Virgin Islands. There is a surcharge for testing in Guam. Refer to the Candidate Guide or Guam Administration section of any jurisdiction’s page for additional information.

In March 2011, in conjunction with the AICPA and Prometric, NASBA announced the opportunity for international administration of the Uniform CPA Examination. Please see the International Administration section of this website for more information.

Qualified Uniform CPA Examination candidates in participating jurisdictions will have the option of testing at any international location where the CPA Exam is currently offered. Below is a list of all international locations offering the CPA Exam:

https://nasba.org/internationalexam/

Bahrain

Bermuda

Brazil

Egypt

England

Germany

India

Ireland

Israel

Japan

Jordan

Kuwait

Lebanon

Nepal

Philippines

Republic of Korea

Saudi Arabi

Scotland

UAE

 

After the AICPA releases scores to NASBA, they are forwarded to Boards of Accountancy for approval and released to candidates. Boards of Accountancy determine the actual score release schedule. Candidates should note, however, that all scores may not be released at the same time. Additionally, candidates who test on the same day may receive scores at different times due to differences in necessary quality control procedures.

Scores for the Uniform CPA Examination will be released by NASBA to state Boards of Accountancy based upon the target score release date timeline listed on the AICPA’s website.

Please be advised that some state Boards of Accountancy require at least one day beyond the dates listed in the table to process and release exam scores.

Taking your exam on the last possible day does not guarantee that you will still receive your score by the target release date. For your score to be included with the target release date, the AICPA will need to receive your result file from your Prometric testing center before the end of the cut-off date listed. There are many factors which can cause a delay in the AICPA receiving this result file. Prometric, the AICPA, or NASBA cannot guarantee that your result file will be sent to the AICPA on the same day as your exam. We do not recommend waiting until the last possible day to take an exam if you are looking for your score to be released at a specific target date.

Refer to the FAQs available on the AICPA’s website.

Where can I find the pass rate for the examination?

This information is available on the AICPA’s website.

There is a Score Review and Score Appeal process available in many jurisdictions. For additional information on Score Reviews and Score Appeals, refer to the Score Information section of your jurisdiction on this website. You can also refer to the FAQs available on the AICPA’s website.

IFRS

Why IFRS program is relevant?

IFRS has been adopted by more than 120+ countries across the globe. India has revised the law to enforce IFRS implementation. Accountants migrating to Canada, Australia, New Zealand, and Europe will have competitive edge via their advanced knowledge of IFRS.

IFRS Training in Dubai helps professionals understand International Financial Reporting Standards.

ACCA Diploma in IFRS (DipIFR) and AICPA IFRS Certificate both provide expertise in international accounting, but serve different career goals. 

The ACCA DipIFR is an in-depth, globally recognized, 3-hour exam aimed at practitioners, while the AICPA certificate is a flexible, self-paced, 2-year valid program ideal for US-based professionals looking to understand IFRS policy.

Accounting and finance professionals who work for private or public multinational organizations that have adopted IFRS Standards.

Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.

Recognize the underlying concepts and principles of IFRS Standards.

Identify the required format and content of a complete set of financial statements, including required footnote disclosures

Identify the presentation and disclosure requirements of a statement of cash flows, including the proper classification of operating, financing, and investing activities.

Indicate and apply the requirements of new standards on revenue recognition (IFRS 15) and leases (IFRS 16).

Identify the classification, recognition, measurement, and disclosure of common financial statement assets and liabilities.

Identify and account for an impairment loss with respect to a nonfinancial asset.

Recall required disclosures for related parties and events after the reporting period.

Recognize the accounting treatment applied to share-based payments and employee benefits.

Recall accounting requirements for business combinations, joint arrangements, and investments in associates.

Identify and calculate tax amounts to be recognized in the financial statements.

Recall the accounting requirements applicable to entities that transact in or keep accounting records in foreign currency.

Indicate how to measure fair value when required by IFRS standards.

You may reach out to our course co-ordinator to help enrol for the IFRS certification program.

You may reach out to our course co-ordinator for further details and group discounts.

The AICPA, grants a fee concession to AICPA members. The non- members however pay the full price of the program.

Online access to AICPA Certificate Program

25 modules – Each module has a test

On completion of each module, Certificate with CPE hours can be printed

On completion of all 25 modules, you can print a certificate and will be eligible for Digital Badge

Accessible for 2 years, anytime/anywhere

Those who successfully complete this program will receive a digital badge to showcase their new skills on their online professional social networks.

Yes. The IFRS program when successfully completed grants 27 CPE credits approved by NASBA.

EA USA

What is an enrolled agent?

An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service. Enrolled agents, like attorneys and certified public accountants (CPAs), are generally unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.

Follow these steps to become an EA:

  1. Obtain a Preparer Tax Identification Number;
  2. Apply to take the Special Enrolment Examination (SEE);
  3. Achieve passing scores on all 3 parts of the SEE; *
  4. Apply for enrolment; and
  5. Pass a suitability check, which will include tax compliance to ensure that you have filed all necessary tax returns and there are no outstanding tax liabilities; and criminal background

*Certain former IRS employees, by virtue of past technical experience, may be exempt from the exam requirement.

Review the Candidate Information Bulletin PDF to get started.

There is a fee to obtain a PTIN, a fee per part paid at the time of appointment scheduling and finally a fee to obtain license. The test fee is non-refundable and non-transferable.

For full details you may reach out to our course co-ordinator.

In general, any overdue tax return that has not been filed or any unpaid taxes unless acceptable payment arrangements have been established. Also, any criminal offense resulting in a felony conviction under federal tax laws or a felony conviction related to dishonesty or a breach of trust, that is less than ten years old.

There are 3 parts to the EA exam, each to be taken separately in any order.

The SEE contains three parts:
  • Part 1 – Individuals PDF
  • Part 2 – Businesses PDF
  • Part 3 – Representation, Practices and Procedures PDF

Each part of the SEE contains 100 questions.

Each part is 3.5 hours long. The actual seat time is 4 hours to allow for a tutorial, survey, and one scheduled 15-minute break

You may enrol with Emerge Management Academy to receive coaching for the exam content. Our course Co-ordinator will hand hold you in enrolling to completing the exam parts.

All references on the examination are to the Internal Revenue Code, forms and publications, as amended through Dec. 31, 2024. Also, unless otherwise stated, all questions relate to the calendar year 2024. Questions that contain the term “current year” refer to calendar year 2024. In answering questions, candidates should not take into account any legislation or court decisions in effect after Dec. 31, 2024.

Each exam part may be taken 4 times per testing window, which runs from May 1 to the end of February.

The test is offered from May 1 to the end of Feb. of the following year. The test is not offered during the annual blackout period in March and April. During this time the test is updated with the most recent tax law.

You can schedule an examination appointment at any time online at Prometric; by calling 800-306-3926 (toll-free) or 443-751-4193 (toll), Monday through Friday between 8 a.m. and 9 p.m. (Eastern time); or by submitting Form 2587. The fee is paid at the time of appointment scheduling. MasterCard, Visa, and American Express are accepted. The online registration process requires you to create a user profile before you schedule and pay for your exam

You can reschedule your appointment online or by phone. You will need your confirmation number.

In general, there are no refunds for cancellations. Rescheduling fees will apply as follows:

  • No fee if you reschedule at least 30 calendar days prior to your appointment date
  • $35 fee if you reschedule 5 to 29 calendar days before your appointment date
  • You will be required to pay another full examination fee if you reschedule less than five calendar days before your appointment date 

Rescheduling an appointment must be done online at Prometric or by calling 800-306-3926 (toll-free) or 443-751-4193 (toll), Monday through Friday between 8 a.m. and 9 p.m. (Eastern time). Your entire fee will be forfeited if you miss your appointment or arrive late by 30 minutes or more.

International testing for the Special Enrolment Exam (SEE) is available for the dates and locations below. Candidates can schedule their exam online or contact the call centre at 800-306-3926 (toll-free) or 443-751-4193 (toll), 8 a.m.-9 p.m. (Eastern time), Monday through Friday.

Note: All international testing information is subject to change in the interest of ensuring the health, safety, and well-being of SEE candidates and Prometric test centre staff.

Yes, you may sit for the SEE exam in prometric centres located in the following countries.

Bangaluru, India

Hyderabad, India

New Delhi, India

Tokyo, Japan

Seoul, Korea

Toronto, Canada

London. England

–

 

Candidates who pass a part of the examination can carry over passing scores up to three years from the date the candidate passed the examination. For example, assume a candidate passed Part 1 on Nov. 15, 2022. Subsequently the candidate passed Part 2 on Feb. 15, 2023. That candidate has until Nov. 15, 2025, to pass the remaining part. Otherwise, the candidate loses credit for Part 1. The candidate has until Feb. 15, 2026, to pass all other parts of the examination or will lose credit for Part 2.

The examinations are closed book. You are not allowed to access notes, books, reference materials, or electronic devices at any time during the examination or during breaks. Unauthorized access to notes, books, reference materials or electronic devices may result in your test results being nullified by the IRS. You will be provided scratch paper and pencils at the test centre and you are not allowed to leave the testing room with notes taken during the examination.

Bring one original unexpired government-issued photo ID that includes your name, photo, and signature. Your first and last name must exactly match the first and last name you used to schedule the examination. Failure to provide appropriate identification at the time of the examination is considered a missed appointment. As a result, you will not be allowed to test and forfeit your examination fee.

Paper, pencil and a calculator will be provided at the test site. Personal items are not allowed in the testing room and must be stored in a locker. Persons not scheduled to take a test are not permitted to wait in the test center. A complete list of test center rules can be found in the Candidate Information Bulletin at Prometric.

Water is allowed in the testing room but it must be in a clear or transparent container with a lid or cap. All labels must be removed, and the container will be inspected for notes or other prohibited test aids.  The candidate will need to remove the lid/cap for visual inspection by the Test Center staff. Should the container not meet the requirements outlined, the candidate will be required to put it in their locker and will not be allowed to take it into the test room. 

Food or beverages, other than water, may not be brought into the testing room. This minimizes the opportunities for cheating. It limits possible damage to computer equipment. And eating can be a distraction to other test takers. Candidates may take breaks to access food and beverages stored in their locker.

If you are wearing eyeglasses you will be required to remove them for visual inspection to ensure they don’t contain a recording device. Large jewelry items must be stored in your locker due to concerns over concealed recording devices. Water in a clear or transparent container with a lid or cap must have all labels removed, and the container will be inspected for notes or other prohibited test aids. You will need to remove the lid/cap for visual inspection by the Test Center staff. These inspections will take a few seconds and will be done at check-in and again upon return from breaks before you enter the testing room to ensure you do not violate any security protocol. With the exception of wedding and engagement rings and small stud earrings, jewelry is prohibited. Please do not wear other jewelry to the test center. Ties, bowties and hair accessories are subject to inspection. Please refrain from using ornate clips, combs, barrettes, headbands, tie clips, cuff links and other accessories as you may be prohibited from wearing them into the testing room and asked to store them in your locker.

Upon completion of the examination, a pass/fail message will appear on your computer screen. Test scores are confidential and will be revealed only to you and the IRS. In addition, you will receive an email from Prometric containing your score report.
You can print your score report by following the instructions below:

  1. Go to Prometric Score Reports.
  2. Enter your full exam confirmation number. It must be 16 digits in length and include leading zeros, when applicable. 
  3. Enter your last name.
  4. Click “Validate Score Report” button.
  5. Once the requested score report appears on your screen, click the green “Print Score Report” button.

If you need assistance locating your confirmation number or printing your score report, call 800-306-3926 (toll-free) or 443-751-4193 (toll), Monday through Friday between 8 a.m. and 9 p.m. (Eastern time).

Note: You may also obtain score report results from prior test attempts by entering the required information as explained above.

The scoring methodology was determined by the IRS following a scoring study. A panel of subject matter experts composed of Enrolled Agents and IRS representatives established a passing score for a candidate who meets the minimum qualifications to be an Enrolled Agent. The scaled passing score is 105.

Scaled scores are determined by calculating the number of questions answered correctly and converting it to a scale that ranges from 40 to 130. The IRS has set the scaled passing score at 105. Failing candidates are provided a scaled score value so that they may see how close they are to being successful. Candidates that receive a scaled score of 104 are very close to passing. Candidates with a scaled score of 45 are far from being successful. You will also receive diagnostic information to assist you with future examination preparation.

If you pass, the score report will show a passing designation. It will not show a score. All score values above passing indicate that a candidate is qualified — not how qualified. You will also receive diagnostic information which may indicate areas of weakness in your performance where you may need continuing education.

You must apply for enrolment within one year of the date you passed the third examination part.

You may electronically apply for enrolment and make secure payment of the $140 enrolment fee at Pay.gov. (Form 23)

You may also apply for enrolment by mail by submitting a completed Form 23, Application for Enrolment to Practice before the IRS PDF, along with a check for $140 to the address listed on the form.

Please allow 60 days for processing (90-120 days if you are a former IRS employee).

As part of the evaluation of your enrolment application, the IRS will conduct a suitability check that will include a review of your personal tax compliance and criminal background.

Form 23, Application for Enrolment to Practice Before the IRS – generally takes 60 days for processing (90-120 days for former IRS employees). If you haven’t received a response after 60 days, send an email to epp@irs.gov and include your full name and address or call 855-472-5540, Monday – Friday 7 a.m. to 5 p.m. CST.

Note: This mailbox is not for IRS employee verification. If you are trying to confirm whether someone is an actual IRS employee because you received an unsolicited visit, phone call, or email claiming to be from the IRS, please visit Report phishing.

Generally, enrolled agents must obtain a minimum of 72 hours per enrolment cycle (every three years). A minimum of 16 hours must be earned per year, two of which must be on ethics. Enrolled agents must use an IRS approved CE provider.  Review detailed information about continuing education for enrolled agents.

CA INDIA

When was the New Scheme of Education and Training launched?

The New Scheme of Education and Training was launched on CA Day, i.e. 1stJuly, 2023.

The New Scheme of Education and Training has three levels – Foundation, Intermediate and Final including Self-Paced Online Modules.

Students need to register for Foundation/ Intermediate/ Final level under the New Scheme of Education and Training through Self Service Portal (SSP) at the link https://eservices.icai.org/.

You may write to the Board of Studies at bosnoida@icai.in for further queries.

Candidates may register in Foundation Course after passing Class 10th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Fee for Foundation Course is Rs.9,000/- which is to be paid at the time of registration. This fee is inclusive of Prospectus for CA Course and Study Material of Foundation Course.

After successful registration in the Foundation Course, the student will receive an e-mail bearing the login credentials for ordering the Study Material through Centralized Distribution System (CDS) Portal. Prospectus for CA Course will be delivered to the student along with the Study Material, whenever ordered by the student. However, the soft copy of Prospectus is web-hosted at Institute’s website i.e. www.icai.org.

Study Material of Foundation Course is available on the BoS Knowledge Portal at the link https://www.icai.org/post/new-scheme-of-education-and-training Hard copy of the Study Material is available for ordering on Centralized Distribution System (CDS) Portal upon confirmation of registration in Foundation Course.

Your first attempt for Foundation Examination under New Scheme of Education and Training will be after appearing in Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Your first attempt for Foundation Examination under New Scheme of Education and Training will be after appearing in Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

You should register for Foundation Course with the Board of Studies of the Institute for a minimum period of four months on or before the 1st day of the month in which the examination is held. For example:

For Foundation Examination to be held in the month of May

On or before 1st January of that year

For Foundation Examination to be held in the month of September

On or before 1st May of that year

For Foundation Examination to be held in the month of January

On or before 1st September of previous year

Before appearing in the Foundation Examination, you should also have appeared in Class 12th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Yes. In order to appear in the Foundation Examination, you will have to submit Examination Form online which usually opens two months prior to each Foundation Examination.

ICAI also makes an announcement when the examination forms open for the forthcoming examination. You are advised to regularly visit the Institute’s website for latest updates.

There are 4 papers in Foundation Course which are as under:

Paper 1: Accounting (100 marks)

Paper 2: Business Laws (100 marks)

Paper 3: Quantitative Aptitude (100 marks)

– Business Mathematics

– Logical Reasoning

– Statistics

Paper 4: Business Economics (100 marks)

 

The syllabus of Foundation Examination is available at the link https://www.icai.org/post/new-scheme-of-education-and-training

 

Foundation Examinations are held thrice a year in the months of January, May and September.

Paper 1 & 2 are subjective type and Paper 3 & 4 are objective type.

Yes, there is negative marking of 0.25 mark for every wrong answer in objective type papers.

A student is declared to have passed the Foundation examination, if he/she obtains at one sitting a minimum of 40% marks in each paper and a minimum of 50% marks in the aggregate of all the papers.

The validity period for registration in the Foundation Course is for 4 years from the first eligible attempt in the Foundation Examination.

Revalidation is not permitted at the Foundation level.

ACCA UK

What is ACCA?

ACCA stands for the Association of Chartered Certified Accountants, a global professional body offering the Chartered Certified Accountant qualification. Recognized in over 180 countries, ACCA equips professionals with skills in accounting, auditing, financial management, and business strategy.

The ACCA qualification consists of 13 papers, divided into three levels: Applied Knowledge, Applied Skills, and Strategic Professional. Students’ progress level by level, although exemptions are available based on prior qualifications.

To begin with, the ACCA syllabus is designed to provide a comprehensive understanding of accounting, finance, and business management. It is structured across various levels, covering both foundational and advanced topics.

At the core, students study subjects such as:

  • Business & Technology
  • Financial Accounting
  • Management Accounting
  • Business Law
  • Financial Reporting
  • Performance Management
  • Taxation
  • Financial Management
  • Audit & Assurance
  • Strategic Business Reporting (SBR)
  • Strategic Business Leader (SBL)

Furthermore, ACCA offers optional papers for specialization, including:

  • Advanced Audit
  • Advanced Taxation
  • Advanced Performance Management
  • Advanced Financial Management

Overall, the syllabus is structured to gradually build expertise, moving from fundamental concepts to strategic-level knowledge, preparing students for a global career in accounting and finance.

To begin with, ACCA exams are certainly challenging, but they are achievable with the right preparation and guidance. Generally, the global average pass rate ranges between 40–50%, varying depending on the paper.

As you progress to higher levels like the Strategic Professional, the difficulty naturally increases. However, with a strong study plan and consistent practice, success is very much attainable.

To begin with, students who have completed Class 12 can start ACCA, provided they have studied English and Mathematics or Accounts. Specifically, they should have at least 65% marks in two of these subjects and over 50% in the remaining subjects.

Furthermore, graduates in commerce, finance, or accounting may be eligible for exemptions, allowing them to skip certain papers and progress faster. Even if you are a working professional from a non-commerce background, you can still start ACCA at the Foundation level and gradually work your way through the qualification.

Overall, ACCA offers flexible entry options, making it accessible to both freshers and experienced professionals across various academic streams.

Yes. Students can begin right after 12th or during/after graduation. Many working professionals also pursue ACCA alongside jobs, thanks to its flexible exam structure.

On average, ACCA takes about 2.5 to 3 years to complete if you pursue it full-time. However, the duration can vary depending on your pace. Since exams are held four times a year, you have the flexibility to plan your schedule. For instance, students with exemptions can finish faster, while those balancing work and study may take a bit longer.

In short, ACCA lets you progress at a pace that suits your goals and lifestyle, making it ideal for both full-time students and working professionals.

There’s no limit on the number of attempts. Students can reattempt exams until they pass, making ACCA highly flexible.

ACCA exams are computer-based and held four times a year (March, June, September, December). They include a mix of multiple-choice questions (MCQs), case studies, and long-form answers to test both technical and application skills.

Students with prior qualifications (like CA, CMA, B. Com, MBA, etc.) may receive exemptions for certain ACCA papers. For example, Indian CAs can directly enter at the Strategic Professional level with upto 9 exemptions. Graduates with B.Com/M.Com degree can get upto 5 exemptions. MBAs & BAs can get upto 2 exemptions.

Global pass rates vary by paper:

  • Applied Knowledge: ~64–88%
  • Applied Skills: ~43–81%
  • Strategic Professional: ~40–51%

With training and guidance from recognized ACCA learning providers like Emerge Management Academy candidates can ensure success in the first attempt.

ACCA is accepted in 180+ countries including the UK, UAE, Singapore, Canada, Australia, and more. Many nations also have mutual recognition agreements, making it easier to work abroad.

To begin with, the ACCA fee is divided into several components that every aspirant should be aware of:

  • Registration Fee: In India, this is £30, whereas outside India it amounts to £89.
  • Annual Subscription Fee: After registration, students must pay an annual subscription of £137.
  • Exam Fees (per paper): Moving on to the exams, the cost depends on the level:
    • Knowledge Level – approximately ₹12,500 per exam
    • Skill Level – around £147 per exam
    • Strategic Professional Level – £260 for SBL and £185 each for SBR & optional papers

When all these costs are combined, the overall ACCA cost in India typically ranges between ₹3.5 lakh and ₹5 lakh. This estimate assumes that the candidate clears every paper on the first attempt. However, the final expense may vary depending on factors such as available exemptions, exemption fee discounts, and the coaching institute chosen.

Yes, ACCA is often more affordable than other comparable professional certification courses and the return on investment is higher for the ACCA since it provides global opportunities.

ACCA professionals work in audit firms, consulting companies, multinational corporations, banks, and fintechs. Popular job roles include:

  • Financial Analyst
  • Auditor
  • Tax Consultant
  • Business Partner
  • Finance Manager

In India, demand for ACCA professionals is rapidly growing in Big 4 firms, MNCs, banks, and outsourcing companies. Many Indian companies prefer ACCAs for roles in IFRS, audit, consulting and financial reporting.

Yes. ACCA’s global recognition makes it easy to migrate and work in 180+ countries. Many professionals pursue ACCA specifically to secure international opportunities.

  • India: Freshers earn INR 6–8 LPA, mid-level professionals earn 12–20 LPA, and senior managers/CFOs can earn 30+ LPA.
  • UK: £45,000 – £80,000 annually
  • UAE: AED 120,000 – 250,000 annually
  • Global Average: USD 60,000 – 120,000 depending on experience

When it comes to salary growth, both ACCA and MBA in Finance offer strong prospects. However, the key difference lies in their scope and recognition. On one hand, ACCA provides global career mobility, allowing professionals to explore opportunities across 180+ countries. On the other hand, MBA salaries depend largely on the institute’s brand, alumni network, and industry connections. Therefore, while ACCA ensures international recognition, an MBA can deliver higher salary growth if pursued from a top-tier business school. From an ROI perspective ACCA Qualification gives a better return compared to the MBA degree.

It depends on your career goals. CA is highly valued in India, CPA is ideal for the US, while ACCA offers global recognition and wider international career scope.

When it comes to syllabus, both CA and ACCA cover similar accounting, finance, and auditing topics. However, the difficulty levels differ significantly. For instance, ACCA has a global pass rate of 40–50%. In contrast, CA exams are tough, with a pass rate of only 7–12%, which makes them much more challenging.

Furthermore, ACCA gives you the flexibility to write and clear one paper at a time, whereas CA follows a group system, requiring multiple papers to be cleared together. Therefore, while both are respected qualifications, ACCA tends to be more manageable and flexible for students balancing studies and work.

To begin with, ACCA members are not eligible to practice as auditors in India, as this is reserved for qualified CAs. However, it’s important to note that only about 5–10% of CAs actually practice in India, with the majority moving directly into corporate roles. Similarly, ACCA professionals can explore a wide range of opportunities across finance, accounting, taxation, consulting, and management roles, both in India and globally.

In short, while direct audit practice is restricted, ACCA opens doors to a variety of high-growth career paths, making it a highly versatile qualification.

To begin with, once you successfully pass all 13 ACCA exams, you are recognized as an ACCA Affiliate. Moving forward, after completing three years of relevant work experience, you earn the status of an ACCA Member. Finally, with five years of continuous and relevant professional experience, you achieve the prestigious FCCA designation (Fellow Chartered Certified Accountant).

In terms of exam limits, you can attempt up to four papers in a single quarter. Furthermore, when you look at the entire year, the maximum number of exams you can write is eight.

To begin with, there are two types of ACCA exams. The first four papers are on-demand exams, which means you can attempt them anytime at an ACCA-approved CBE centre.

On the other hand, the remaining nine papers are computer-based but scheduled quarterly—specifically in March, June, September, and December. Moreover, to appear for these exams, you must register at least six weeks in advance through an ACCA-approved testing centre.

If you happen to fail an ACCA exam, don’t worry—because you can always reattempt it. In fact, you are allowed to rewrite the paper in the very next exam sitting, as long as you pay the exam fees again.

Moreover, the good news is that ACCA does not place any restriction on the number of attempts. This means you can keep reappearing for the paper until you pass. However, with the right preparation strategy and guidance, most students are able to clear their exams within just a few attempts.

Yes, you can pursue ACCA as long as you meet the eligibility criteria mentioned above.

Yes, you can. However, you will have to complete Foundation in Accountancy first.

To begin with, ACCA does not prescribe any minimum or maximum age limit for enrollment. In fact, you can start your ACCA journey as soon as you complete your 10th standard, provided you meet the basic educational requirements.

To start with, the ACCA course does not require advanced mathematics. Instead, it only demands basic math skills such as addition, subtraction, multiplication, and division. In addition, you should be comfortable with percentages, ratios, and simple algebraic equations.

Although some ACCA papers do involve calculations, you are allowed to use a calculator, which makes the process much easier. Therefore, as long as you have a good grasp of fundamental math concepts, you should not find ACCA to be maths heavy.

Moreover, commerce students who have successfully managed high school-level math will find ACCA completely manageable, making it more about logic and application than complex calculations.