CICPA Contents
Earn CIPA®
The CIPA® program is a Four-module program that is international in scope and recognition. It combines a variety of approaches that deliver in-depth knowledge and real-world practical experience in a time-effective model that will allow you to integrate your working experience with intensive sessions over a period of Training months. It provides candidates with the knowledge and skills required for Accounting management and consulting and with the ability to apply that knowledge in real-life Accounting management situations. The CIPA® examinations are rigorous tests of the candidate’s understanding of the course content and of the candidate’s ability to apply that knowledge.
Candidates who have completed the CIPA® curriculum and have passed the examination are eligible to receive the Chartered international Public accountant (CIPA®) designation from the Chartered Institute of certified Public Accountant -USA. The program is led by real-world practitioners and educators with exceptional credentials, extensive knowledge and breadth of experience, superb platform skills, and a willingness to share with others working in accounting consulting.
Program lecturers are experienced in Public accounting (CIPA®) advisors and they could offer you practical advice and proven approaches taken from a vast body of knowledge.
Certification Accreditation
The Chartered Institute of Certified Public Accountants USA (CICPA) is a statutory body established under the Chartered Accountants Act. 1962 (Act No. XXIVI of 1962) for the regulation of the profession of Chartered Accountants in USA. During its 55 years of existence, CICPA has achieved recognition as a private international accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. CICPA now is the one of largest accounting body in the whole world.
Course Overview
The СIРА (Chartered International Professional Accountant) program is a USA international certification program for professional accountants. The owners of CIPA designation have the right of adding the certificate’s name to their signatures, which is done in accordance with international practices.
The СIРА Certification program consists of three components: training, conducting exams and certification.
Though it is not obligatory, training increases the chances of successful passing of exams. Training is conducted either in a classroom or it is self-preparation.
The CIPA program exams are the same for all participating countries. It is generated separately for each participating country, and is based on the national standards. The СIРА exams are strict and reliable. They are administered by the examination centers in approved institutions.
Course Parts
PART 1 : ADVANCE ACCOUNTING
- The Equity Method of Accounting for Investments
- Consolidation of Financial Information
- Consolidations—Subsequent to the Date of Acquisition
- Consolidated Financial Statements and Outside Ownership
- Consolidated Financial Statements—Intra-Entity Asset Transactions
- Variable Interest Entities, Intra-Entity Debt, Consolidated Cash Flows, and Other Issues
- Consolidated Financial Statements—Ownership Patterns and Income Taxes
- Segment and Interim Reporting
- Foreign Currency Transactions and Hedging Foreign Exchange Risk
- Translation of Foreign Currency Financial Statements
- Worldwide Accounting Diversity and International Standards
- Financial Reporting and the Securities and Exchange Commission
- Accounting for Legal Reorganizations and Liquidations
- Partnerships: Formation and Operations
- Partnerships: Termination and Liquidation
- Accounting for State and Local Governments (Part 1)
- Accounting for State and Local Governments (Part 2)
- Accounting and Reporting for Private Not-for-Profit Organizations
- Accounting for Estates and Trusts
PART 2 : AUDITING & ASSURANCE
Section 1: The Auditing Profession
- the demand for audit and other assurance services
- the cpa profession
- audit reports
- professional ethics
- legal liability
Section 2: The Audit Process
- audit responsibilities and objectives
- audit evidence
- audit planning and analytical procedures
- materiality and risk
- section 404 audits of internal control and control risk
- fraud auditing
- the impact of information technology on the audit process
- overall audit plan and audit program
Section 3: Application of the Audit Process the Sales and Collection Cycle
- audit of the sales and collection cycle: tests of controls and substantive tests of transactions
- audit sampling for tests of controls and substantive tests of transactions
- completing the tests in the sales and collection cycle: accounts receivable
- audit sampling for tests of details of balances
Section 4: Application of the Audit Process to Other Cycles
- audit of the acquisition and payment cycle: tests of controls and substantive tests of transactions, and accounts payable
- completing the tests in the acquisition and payment cycle: verification of selected accounts
- audit of the payroll and personnel cycle
- audit of the inventory and warehousing cycle
- audit of the capital acquisition and repayment cycle
- audit of cash balances
Section 5: Completing the Audit
- completing the audit
Section 6: Other Assurance and Non Assurance Services
- other assurance services
- internal and governmental financial auditing and operational auditing
PART 3 : BUSINESS LAW
- Preface
- Legal study skills
- Case names, citations and law report abbreviations
- Acknowledgements
- Table of cases
- Table of statutes
- Table of statutory instruments
- Table of European and other legislation
PART 4 : FINANCIAL PLANNING , PERFORMANCE, CONTROL
- The Objectives of Financial Accounting and Management Control
- Theoretical Foundations
- Financial Accounting Standards: Some Examples
- How Financial Accounting Affects Management Control
- Concluding Reflections
