Is CPA in China the same as CPA in the United States?

USCPA-American Certified Public Accountant, awarded by AICPA American Institute of Certified Public Accountants, is one of the most valuable accounting certificates in the world. Because of its global signature right, it can be exchanged for accounting certificates from eight countries around the world and become the most widely used accounting certificate in the world.

Needless to say, China CPA Association. It is difficult and the pass rate is low. By the end of 20 14, only193,000 people in China had obtained the general qualification certificate. At present, many financial people want to get promotion and more career choices through research, and USCPA and CICPA certificates have the advantages of signing contracts and wide employment, which have been widely recognized by the industry and become the accounting certificates with the highest gold content, and applicants are eager for them.

According to statistics, in 20 15 years, more than 70W registered as certified public accountants. However, there are many subjects of certified public accountants in China, the examination is difficult and the passing rate is extremely low, which makes the majority of accountants flinch. In contrast, there are fewer CPA exam subjects in the United States, and there are not many people taking the exam in China, so there are more opportunities. However, the complicated application process and English content also plague candidates.

How to choose USCPA and CICPA? Let's analyze the employment direction comparison between AICPA and CICPA:

CICPA (China Certified Public Accountant): As a certified public accountant, he is generally engaged in advanced financial accounting, independent auditing, tax consultation, financial planning and other occupations. Certified public accountants are widely distributed in China, and they can be seen in enterprises, government agencies, institutions and accounting firms.

USCPA (American Certified Public Accountant): USCPA is issued by AICPA American Institute of Certified Public Accountants, and it is also a necessary top-level certificate in American accounting, which is equivalent to CPA's position in China accounting field; There are good employment opportunities in the United States with USCPA. Many Chinese in the United States will give priority to accounting, so if you want to go to the United States to develop, work, immigrate and get a green card, USCPA will help a lot.

Many friends ask if USCPA is useful in China, and what kind of career development does it have after getting the certificate?

In fact, USCPA is highly recognized in China, generally engaged in internal auditors, compliance managers, financial analysts, external auditors and so on. USCPA studies USGAAP (American Accounting Standards), so the main employment direction is the four major accounting firms, American enterprises, joint ventures, and China enterprises listed in the United States; The positions include top positions such as USGAAP Financial Reporting Manager/Financial Manager of American-funded enterprises, Senior Financial Manager/Senior Internal Audit Manager, Chief Financial Officer/Vice President of Finance/Senior Mangerucpa. Many CFOs are holders of USCPA, such as Baidu, Sina, JD.COM and so on.

Both of them have a wide range of employment opportunities and more competitive salaries. Some people may ask, is it difficult to have such a high gold content? Then let's take a look at the content comparison of specific exams:

1. The test languages are different: USCPA is an English test, and China CPA is a Chinese test plus an English test.

2. Different subjects: USCPA only takes four courses, which are divided into Financial Accounting and Reporting (FAR), Regulations (REG), Business Environment and Theory (BEC) and Audit (AUD). China's CPA examination is divided into professional stage examination and comprehensive stage examination. Candidates can only take the comprehensive stage exam after passing all the subjects in the professional stage exam. There are six specialized courses: accounting, auditing, financial cost management, economic law, tax law and strategy, and risk management. The comprehensive stage examination subject is the comprehensive test of professional ability (paper 1 and paper 2).

3. Different cycles: USCPA adopts computer examination, with four windows every year, each lasting for two months. Usually you have to pass four exams in one year to qualify. China certified public accountants take the exam once a year, and there are no restrictions on subjects.

4. Different scope of application: USCPA is used for US GAAP. GAAP in China is applicable to certified public accountants in China.

5. The registration fee is different: USCPA fee is about 30,000 RMB, and China CPA registration fee is 65 yuan.

6. The validity period of the results is different: before all subjects of USCPA are passed, the validity period of each subject is 18 months; The registered accountant in China is five years.

Which is more difficult? It's really hard to say The USCPA exam is in English, and accounting in the United States is different from that in China. English learning is a hurdle for many people, but the content of the exam with only four subjects and the whole computer seems to be much easier. China's gambling clubs have always been famous for their low pass rate, and the annual pass rate of less than 30% has discouraged many people. In addition, the number of examination subjects has changed from five to six, and comprehensive tests have been added, so it is definitely difficult to go up a storey still higher.