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    Miles CPA Roadmap

    Uploaded by

    Amit Singh

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    of 68
    ys Miles Education Earn your in 12-16 months = Only 4 exams (pass one at a time) = Guaranteed jobs at Big 4 & MNCs in India = Assured pathway to work in the US for 3 years = Start with LIVE online sessions from Sept 24, 2023, The world’s favourite CPA Instructor WET Iu) | The Problem Statement There is a huge shortage of CPAs in the USA & India The Washington Post Deloitte. The Accountant Most Public Companies Shortage Threatens Are Challenged in Capitalism’s Future Attracting Finance and Accounting Talent, Deloitte Finds SCAN HERE TO READ THE ARTICLES: THE WALL STREET JOURNAL. Struggling to Find Accountants, Businesses Boost Salary Offers, Hire Temporary Workers The Solution MMiles Eee Opportunities for Indian accounting candidates -72,923- 63,477 See nay Miles is the largest international ee Mele eae Miles alumni network CPAs in India are across the globe Miles Alumni Starting CTC for Miles Starting CTC for Miles CPA, CPAAlumni in India Alumni in the US >t Assured jobs for Miles Exam pass rate for CPA Alumni in India & the US* Miles CPA candidates “Conditions Apply What is US CPA? Appear for 1 exam ata time [spread over 4 quarters] ® US public accounting license Give only 4 exams, SL. Careers at Big 4 & MNCs 12-16 months timeline in India and US “Varun’s CPA videos on YouTube have over 100MM. views ar eee MUL Re UE ui? Wh cA ACCA or ly Ua CU CUS) Only 4 exams for US CPA? = US professional qualifications Non-US 7) Various non-US Public “complement” university pebie Recounts Accounting qualifications Qualifications education -e.g., tobe a tend to “substitute” university rc CPA, CMA or CFA, a education - e.g., you can be a university degree is mandatory CAin many countries without A university education These are crisper in content 3 a & focus on skill gaps needed by an F&A profession: eo 13-20 exam = These are lengthy & Sar ‘multiple levels ‘encompass what a candidate "Designed to be pursued .o would have covered (or alongside a full-time job Tne University simultaneously covers) in a and to facilitate the eas degree university degree career progression for professionals CPA gameplan ase Pass all 4 exams in 12-16 months “Nao wdoosSreuiweek Practice (se) - 7 hoursiveek Post-classes: — = Sestudy @20 hoursiweek One exam every 3-4 months (can appear in any order) FAR BAR auD Classes Classes ciasses i 1 i I O-—0-—~©-__ © 0-6 o—eo-{agn eee oO a ae 2003 20232023 BORS aed «ORK ed OM aed NK Os OM ed MAM 2025 l sai l —i L — FAR BAR REG Aub Self-study & Self-study & Self-study & Self-study & Mentoring Sessions Mentoring Sessions Mentoring Sessions Mentoring Sessions — Ee Careers after CPA Offers you won’t refuse! OFFER 1 OFFER 2 WORK IN INDIA WORK IN US @Big 4 & MNCs for 3 years Starting CTC 10 Lakhs+* oe aL rete on) 2.5 unt views ay ‘Scan here! Starting CTC $60,000" ati, >) Realize your dream of WORKING IN THEG®? (hk Masters inne 6AM views a ‘Scan here! “Conditions Apply Let’s talk = Global credibility as a licensed accounting professional > — = Industry-relevant skills = Pathways post CPA: ™ Work in India @Big 4 & MNCs * Work in US for 3 years Return Investment = Approx. 1200 hours of study over > 12-16 months (@20 hours/week) = Cash outflow of approx. INR 3.75 lakhs #CPAmatlabMiles Where are you getting placed in India? Big 4 & Public Accounting Firms For audits, the partner on the audit for a US ‘SEC-registrant needs to be a CPA, and they always prefer to have CPAs on the engagement team, especialy Big 4. _ EY pw Deloitte. pj! ‘Subsidiaries of US-based MNCs ‘They need to convert India AS financials to US GAAP for consolidation with the US parent. They also need to comply with US regulations & compliances. E.g., SOX, FCPA, etc. amazon Gohenalfohnron JPMorganChase ©) Indian MNCs who have raised $ from US These are US SEC-registrants; hence, they have reporting requirements with the SEC in US GAAP or IFRS. TATA MOTORS Infosys Meics | F&A companies ‘These companies offer consulting services to clients from all over the world, Thus, they need a large pool of CPAs to manage the various services they provide. accenture @ 6 genpact [CS Bt | Capgeminiee & more, Our Corporate Partners Since 2011 Miles is known for its credibility and quality in training delivery, and is a training partner with most of the Big 4 and over 220+ MNCs (including 75+ Fortune 500 companies). Corporate tie-ups also ensure Miles gets recruitment mandates (many of them exclusive) for placements of Miles alumni. eo = 5 ) Deloitte. pwe PMG! EY accenture GENPACT Capgemini@ Infos IBDO ““Fey Gbakertilly A Crowe Cognizant Xex. @ wns conpuent gS FinacPlus cohnReznickKD) — Se sumsseseem # plante moran withum’ EIsNERAMPER Om SSNS Bppatamatics om Cie | ED Into) C:Sctour ASA bce Gypmorganchase BARCLAYS Others (Including Global Fortune 500) AMAZON fohmonfohoen TATA Qualcown vmware _ Hey oorenpuan @) KKOCH UnrreoHiecticrour CKeR MorganStanley i MetLife —|S COGy -EXion TE] $ 94,000 Cm $1800 1 $6 eat) $ 76,000 Approx. Savings Bottom line: With minimal investment, you will save more than INR. 20L-/year {Estimated earings = 65K/year average x3 years + Additional $5 from part-ime on-campus work curing Mastrs' subject to availabilty) “Includes CPA exam feo, lIM Indore programme fee, US University Feo and US Living Cost during Masters ZA == Indicative Timeline Of your US journey (Spring’24 candidates) —<— Enroll for the Start Masters in Miles US Pathway Accounting (STEM) Complato the Masters + Pass the CPAexam Obtain US F1 Visa Graduate & 92% visa acceptance rate Work in the US for Miles candidates for 3 years (on OPT) ZA A step-by-step guide to living your American Dream! : mM s is f rm = STEP 1 £ re toad ‘CPA journey in India @lIM Indore camiiie,, | Seman meeigentees emer | peeeamnert ie ice ae, fa Seeeot STEP fiom «6« «(Boo af | Eom | vari rns ae seth feigeit, | iter | Picea merece pees | pero) ees at Sn | eee) Soeetas pe a eee Ze) EEE Should you even go to the US? High Financial Ability Low Low © Commitment to CPA + MAYBE ‘STUDY IN THE US [MILES DOESN'T RECOMMEND] DON’T GO English communication skills + positive attitude High nr renee YES YOU'LL SOON BE ALL SET TO WORK IN THE US FOR 3 YEARS VN Expected Miles cohort size US Universities you can choose from Only the best for our family ed Case Western Reserve University Miles has collaborated with top AACSB-accredited Michigan State University B-Schools in the US enabling credit transfer from Rutgers Business School the AACSB-accredited Indian B-School. University of Delaware Clark University yee TERN ~e Rochester nsiitute of Technology McHGan stare Drexel University veers DePaul University University of Northern lowa Ee DEPAUL RIT Seti UNIVERSITY seme 2S © Fordham University" INIVERSITYon RIDER [Fairfield ‘University of South Florida® Falifleld University Jowa State University IOWA STATE Seattle University CMTIERSIY Pace University* Tulane FORDHAM “Agreementin progress [Atradomats are propery othe space users) pre University UNIVERSITY ZA ur Alumni living their American Dream! — d P F 4 Pratibha Gupta Pooja Fulia Ashwini Hebbar Dipesh Anand A, CPA pursuing A, CPA pursuing CA, cPA PA Pursuing Work oxy mnt 5 yore Woo. na 75 yon Wer oxp ina 0.96 oars orem nna 2.10 yon Erie bone Exuaertmerpmses a Bere Aftor my CA, joined a Mies was there for mo ‘Mtr achieving my CPA, From getting my Visa Dank, but fel ike this is at every step; from the US ceemed ke the approved to landing a job, not the kind of work | choosing the right Drfect platform to grow every stop has been wanted todo. And when Univereyto sorting my fd gain practical amazing, The anticipation I searched for CPA, VISA applizaton sxperiones. Now that i's of starting a now chapter Miles was the fret result proces, happening, couldnt be inthe US fils me ith happier! pure happiness, Hired ot Hod at Hed at Hod at “RSM er) WW ae | Marhatan, Now York | Bethesda, Maryiand © Bargentts, || Fresno, Calferia Za ur Alumni living their American Dream! Disha Ajay Mehta GPA Pursuing Wiork-oxin inca 6.3 Yoare Ex-Debite From dream to realty, 1am ‘excited to experince ie in tho US, explore the vibrant cles and immerse myseit in the American lfostvo eed a | Baraboo, Wisconsin Reepal Patel A, OPA Work oxp in nie -7 yoars x- B00, EY lam studying MAce here and enjoying living my ream. | came to the US since we get exceptional ‘opportunities here, rod at _ [BDO | Greeat, one Amrutha Teresea CA, CPA Pursuing ‘Work oxp in nda 5.1 yours Bx Deone | never imagined wor in the US until everything {ell into place. It feels ‘surreal and exhilarating, lice lfe has taken an extraordinary turn, Hod at | Baraboo, Weconsin Ajay Chintalapally CPA pursuing Werk exp Inia ~8,10 years Ex KQMG & Asso, In Dec 2022, I wasn't even aware of a master's program for students with ‘an accounting background! Late July 2023, have an fer rom afr in the US leven before fying to the US! i Traverse Ciy, Michigan CPA | | « Exam \ # Eligiblity 4 License eo VCMT Ta a etree CPA Only 4 Exam Parts —<— Financial Accounting ‘Auditing & Attestation ‘& Reporting (FAR) (Aub) i B Objective peter: = usceneray Accopted || = Audtngstandade a | FAR / AUD / REG = 100% objective | Accounting Principles) procedures | BEG = 85% objective © Abou oxam = Aout exam } (80% muttiple choice {8.50% simulations) (60% muttple choice & 50% simulations) ® Passing ecore of 75 on each part (on a seale of 0-99) = Global Pass Rate > 45%+ = 18 months to pass from date of passing Pr the 1st exam ANYTIME throughout the year Regulation Business Environment (REG) ‘& Concepts (BEC) = ANYWHERE in India, the Middle East or the US mets aici nce. a encisacetaraciis Dusinoss la j Aout oxam (60% mull cice | seesmustensy a = 4 hour exam (60% muttple enoice, 35% simulations & 418% wntton)| a) CPA Evolution 2024 The CPA exam is changing from Jan 2024 Key change: Core + Disciplines model Current exam section Section to take on 2024 CPA Exam “@ : REG o-—-—--— @ ‘Taxation & Regulation (REG) YY sr ay pn 8 BEC —— ea Information System & Controls (ISC) d @ “Tax Compliance & Pianning (TCP) a eg ‘Auditing & Attestation (AUD) one } iE ‘Select only 1 Discipline CPA Evolution 2024 How can you make the best of it? — Business Environment and Concepts (BEC), the subject with the highest pass rate in the CPA exam, is being discontinued. It will be replaced by Business Analysis & Reporting (BAR), a tougher section, This is your last chance to appear for the BEC exam before itis discontinued. Furthermore, the Financial Accounting and Reporting (FAR) and Auditing and Attestation (AUD) sections are becoming easier, so appear for them in 2024. y 9 9 “8 —* 2023 2024 2024 2024 CPA Eligiblity Miles has got your back! = Minimum education requirements for US CPA exam and license: CPA Exam fi = 120 credits pe 150 create _ 90 credits (pre-education option) = General rule: Every year of university education in India is equivalent to 30 semester credits of US education. = Using 1 year = 30 credits, -B.Com = 3 years x 30 credits = 90 credits - B.Com + M.Com/MBA = 90 credits + 60 credits = 150 credits - B.Com + CA/CS/CWA = 90 crecits + 60 credits = 150 credits - CAICS/CWA recognized by a few states as 2-3 years of US education B.Com only? Vc ae wate The Godfather’s got you! Pre-education eligibility: Enroll for the “online” M.Com - Professional Accounting & Finance from Jain University. ‘Appear for the CPA exam during your 1st Semester of M.Com! This bridge course is {ully integrated with the CPA curriculum & hosted on the Miles LMS - so you only focus ‘on CPA studies, nothing more! Exception (being phased out): If B.Com is completed in 1st division from a NAAG ‘A’ university, the 3-year B.Com would be treated as 4 years of US education, ie., 120 credits for B.Com alone. However, this exception only applies to CPA exam eligibility, NOT to GPA license. oA CPA Exam & License Cracking the code! = 55 State Boards of Accountancy (SBAs) each authorized to issue the CPA license, and decide their own eligibility rules = NASBA the association of 55 SBAS = AICPA conducts the “Uniform” CPA examinations = Prometric CPA exam test centres CPA Exam, Eligiblity & License ELIGIBILITY - cA rules decided by: (Uma [7 fs ene tae Ni sg cA LICENSE -— EY ti) 55 SBAs [varying rules with different choice of evaluation agencies) —— 4 “aicra [irrespective of state board selection; hence, these are called “Uniform” for the __ SPA examinations] "55 SBAs [varying rules; but note that all the states are substantially equivalent; a license from any one state board is valid across the US and world) — i CPA License #CPAmatlabMiles Eligibility 514 Es to Becomi ence. Ealvcaton Ethics Examination ast passing. the CP Era dees not make you 2 CFA — you need to fulfil the other 3&5 Education Miles can help you with a bridge couse Of reqyied) Experience Miles bas full-time licenseal CFs who can verify experience rewired for CHB license. Ethics Online: on-dettand course Pe il = As per regulations, for CPA exam taken in international locations (like India or Dubai), the exam credits lapse unless the candidate is able to get to the CPA license within 3 years of clearing the CPA exam. One of the most critical requirements for international candidates is “Experience” and Miles is the only review course provider in India with licensed CPAs (including, of course, the Lead Instructor - Varun Jain, CPA) who are authorized to verify the accounting/finance experience of candidates to help them achieve their CPA license. eo VCMT Ta a etree Curriculum Overlap & Value Proposition for CA Inter candidates CA ke saath bhi, CA ke baad bhi "Added advantage for CA Inter passouts = 50%+ overlap between CPA and CA = CPAcan be pursued alongside articleship = 91%¢ pass rate for CA Inters @Miles - < Guaranteed jobs with Big 4 & MNCs in India a = Starting CTC 10 Lakhs+* FAR (@) papers ancient decounting ee ® For laterals, up to 600% salary hike Global credibility and opportunities 1 Assured pathway to work in the US for 8 years —_ i Ao @Y Per 9-mutngs resvaen V Paper 3 - Cost & Management Accounting BEC (G) Peover Financial Managemen & Economics for Finance Papot 7 - Entorprico Information Systome & Stratogic Management | rec © ws x | the Vue ae a etree Curriculum Overlap & Value Proposition for CA Final candidates (OW Re Emoey WEEN Added advantage for Qualified CAs > 1 70%t overlap between CPA and CA Final - a | Unbeatable “CA + CPA” = 98%t pass rate for CAs @Miles combination = Extensive opportunities with ial CAFinal Big 4 & MNCs in India. Typic epee Aecouning + prance a'CAs CPAr cams at oust an ©) Pes aera | PTY Frat rmtg 50% more than a CA ae por 8 Aun ape 8 - vanced Ag Global credibility and Aup IB), ere meneremenen Tees opportunities Paper - Cost & Mangement ‘Assured pathway to work pate Paper 2- Sato Financ = vere | Inthe US for 3 years j BEC @ Feat Tazco Paper 5 - Sratege Coot es Pape 7- Eee eaten Marcos & ‘Syiome & Svaoge — rranagenert | << lee sie nec @ ” a HOW DO YOU EARN YOUR CPA? DAMiles #CPAmatlabMiles Miles Converting Myths into Reality, Since 2011 CPA cannot get you a job in the US REALITY FOR OUR FAMILY (Our candidates not only pass their CPA exams (with a record 82%+ pass rate) but are also able to earn their CPA license While working in India Our GPA alumni eam a starting CTC of INR 10 Lakhs+* & experienced folks get salary hike ranging from 40% to 600% We gives you a guarantee of 100% placement with Big 4 & top MNCs post-completion of your CPA Our alumni now have the option to get assured work in the US Ove SOR Raed Why does everyone say #CPAmatlabMiles — MILES CPA OTHERS 80%+ CPAs in India are Miles Alumni comets Siete Iiehecbuit the eczayetem | sesions acess ces aaa ao ‘Miles has @ record fece ese wee fil | mann ES] _————— | Varun Jain ‘Let by Varun Jin, the work's favourte CPAinetucte wth 100 Hie YeuTune vido vee S| Flipped Classroom approach Niles ofers260

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