What’s your US CPA Preparation Strategy Post 2024?

Post January 2024 will bring a major change in the structure and exam of the US CPA course. CPA evolution is on its way as the AICPA plans to roll out the CPA exam model by July 2022. This blueprint will give you a wide understanding of the skills and the industry trends of the accounting industry and the concepts that will be a part of the CPA course. As a student now, you should be thinking now - how does this matter to me? Yes it does and depends! As students you must be at different stages of your academic journey but the CPA evolution is not far as you think. It is just a year and half away. 

What is going to change?

The new US CPA syllabus will have 3 sections: FAR, AUD and REG. Along with these, you need to pass either one of the three subjects depending on their interests and skills: Business Analytics and Reporting (BAR), Information Systems and Controls (ICS) and Tax Compliance and Planning (TCP). 

Whom and Why CPA Evolution Matters?

If you are graduating from college after 2023, then you should not be worried much as this is a time where you need to spend time reading the CPA exam structural changes, get soaked into the new curriculum, and most of all you need to think about the CPA course and contemplate the skill sets that match the course to take a deep dive later.

The situation really changes if you are graduating college in 2023. At this point, you need to take a serious and strategic approach about the new CPA evolution. According to NASBA transition policy, students who have earned credits already for AUD, REG and FAR are exempted from taking new core subjects of AUD, REG and FAR exams in 2024. Candidates who have already possessed credits for BEC by 2023 are exempted from taking new concepts. Another strategy students at this stage is to try and complete BEC and AUD first before the evolution tide rises as it is expected to be the toughest sections that will undergo major changes. 

Despite everything, if one has to take new concepts in the post CPA evolution stage, he/she must seek the advice of mentors in the best CPA Review institutes in India to understand the new concepts, skills and goals to crack the new CPA exams effectively and smartly. 

Miles Education has over a decade of experience in producing CPA/CMA talent in India and has a strong alumni base and network globally. Led by a Harvard alumnus and the world’s best CPA tutor - Varun Jain, Miles strives to build an ecosystem of CPA/CMA professionals where it does not stop with CPA training but providing the supply to the Big 4 and top MNCs and in turn provide a MAC (Miles Alumni Club) to upgrade them through new industry-led skills and expertise they need to excel in their future roles through a cosmos of executive and professional continuing educations programs. This feature makes it India’s #1 CPA Review and Talent hub. 

Circumstances might also change when you have just stepped out of your graduation. The best option for you to sit for the CPA exam would be in 2024 in the new model. This will not only give you breathing space to decide on the new concepts but also prepare well for the new exam syllabus and structure. 

What will happen if you are a non-CPA candidate or a working professional? No worries! The best approach at this stage is to continue your CPA classes so that you can understand the skills and syllabus well to get easily adapted to the new CPA curriculum structure. 

Never mind what stage you are in, but what matters most is how you are going to face the future of finance and accounting? Stop thinking much, Miles heard you!!