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Great News: US CPA exams in India@Miles, India’s #1 CPA Review,Resolve to pass 3 of the 4 CPA exams by Dec 2021

The US CPA designation:- US equivalent of CA- Only 4 exam parts- Exams now in India- Appear for 1-exam-at-a-time [spread over 4 quarters]- Start with Live Online Sessions from 27th Feb, 2021@Miles, India’s largest CPA review, andTie-up for CPA with 100 MNC’s (including all the Big 4)Lead Instructor - Varun Jain, CPA, CMA, Harvard B-School alumnus

Section 1Why CPA?The CPA Career

Roadmap to CPAThe US CPA designationCPA US Public Accounting License CPA is the USpublic accountinglicense CPA exam USPsInternationalCredibility 4 exams only Exams now inIndia c.800 hours ofstudy Extensive careeropportunities withMNCs and Big 4[fresher salarypackages INR600k] Global recognition Opportunity with Big 4 & MNCsacross India and globallyIndustryrelevantSkills Accounting (FAR)Auditing (AUD)Tax (REG)Finance (BEC)Course USPs 4 exams only, c.800 hrs of studyCan complete in less than 1 yearAnywhere: India, Dubai or USAnytime: Throughout the year4

Roadmap to CPAThe US CPA designationWhy only 2-4 exams for US CMA/CPA certifications? US TYEDUCATION – e.g.,to be a CMA, CPA orCFA, a universitydegree is mandatory Therefore, these arecrisper in content andfocus only on skillgaps that areneeded to be a F&Aprofessional Designed to bepursued alongsidea full-time job and tofacilitate the careerprogression forprofessionalsUSCMA / on2-4 exams,single-level13-20 exams,multiple levelsUniversitydegree requiredUniversitydegree Various non-USprofessionalqualifications tendto “SUBSITUTE”UNIVERSITYEDUCATION – e.g.,you can be a CA inmany countrieswithout any universityeducation Therefore, these arelengthy and alsoencompass what acandidate wouldhave covered (orsimultaneouslycovers) in auniversity degree5

Roadmap to CPAThe US CPA designationCareer opportunities for CPAs in IndiaOpportunities in Indiafor CPAs are with: Big 4 [India officesand US outsourcing] Subsidiaries of US-based MNCs in India [i.e., MNCs based out ofUS or US SEC-registrants] Need to convert Indian GAAP financials to US GAAP for consolidation withthe US parent. US GAAP financials – that’s the job of CPAs! US regulations & compliances apply. E.g., SOX, FCPA Few Indian MNCs who have raised from US capital markets These are US SEC-registrants; hence, have reporting requirements with theSEC - in US GAAP or IFRS. E.g., Tata Motors, HDFC, ICICI, Infosys, Wipro F&A players likeAccenture,Genpact, IBMCapgemini, HP,Infosys, others MNCs [especially,US-based MNCs] Auditors of these MNCs For audits, the partner on the audit for a US SEC-registrant needs to be aCPA, and they always prefer to have CPAs on the engagement team Especially Big 4 – Deloitte, EY, KPMG, PwC F&A companies Includes Accenture, Genpact, Capgemini, IBM, HP, Infosys, Arvato, Xerox,Wipro, TCS, Cognizant, EXL, Steria, WNS, others6

Roadmap to CPAThe US CPA designationMiles’ Corporate Tie-ups for CPA training Big 4 and MNCsacross Indiasponsor the CPAprogram includingthe Miles studymaterials andtraining fees fortheir professionals This reflects theindustry demand forCPA as well asMiles’ credibility forCPA training

Roadmap to CPAThe US CPA designation100% Placements for Miles CPA AlumniHear it from few of our alumni who got placed during the Pandemic:https://youtu.be/4ysNWv37FjM

Roadmap to CPAThe US CPA designationCPA Canada US CPA’s can directlyearn CPA Canadawithout any additionalexams This is significantlydifferent from the ICAI- CPA Canada MRAwhich requires CA’s topass the CFE(Common FinalExaminations) whichis a 3 day examinationand requirescandidates to be inCanada to appear forthe same Canada’s accounting profession of 200K members is represented by a singlenational body - Chartered Professional Accountants of Canada (CPA Canada) Earlier, there were 3 accounting qualifications in Canada: CA (Chartered Accountant) CGA (Certified General Accountant) CMA (Certified Management Accountant) In 2013, all these 3 qualifications were merged to form the newdesignation – CPA Canada MRA (Mutual Recognition Agreement) effective Jan 2018 - between: All Canadian CPA bodies, and NASBA and AICPA - represented by IQAB (International QualificationsAppraisal Board) No additional exams for US CPAs to earn Canada CPA. Eligibility: Active US CPA license (and in compliance with required CPE) Note: Need to pass all 4 parts of the US CPA exam beforebecoming a resident of Canada Education - 150 credits 24-30 months of relevant experience From 2020 to 2023, Canada will welcome 1 MM new immigrants Many pathways to immigrate to Canada & secure Canadian PR (e.g.,Express Entry System) Can immigrate and look for job opportunities (job offer is not a prerequisite for immigration) Extensive job opportunitiesfor CPA (US) and CPA Canada9

Section 2What’s the roadmap to CPA?The CPA Exams & License

Roadmap to CPAThe US CPA designation US GAAP &IFRS Auditingstandards &procedures 4 hour exam(50%multiplechoice and50%simulations) 4 hour exam(50%multiplechoice and50%simulations) Regulation(US tax/law) US federaltaxation &business law 4 hour exam(50%multiplechoice and50%simulations)BEC Auditing &AttestationREG FinancialAccounting& ReportingAUDFARCPA Examinations – Only 4 Exam Parts BusinessEnvironment& Concepts Businesstransactions 4 hour exam(50%multiplechoice, 35%simulationsand 15%written)Key pointers: Objective pattern – FAR / AUD / REG 100% objective BEC 85% objective Passing score of 75 on each part (on a scale of 0-99) Global Pass Rate 45% 18 months to clear from date of clearing 1st exam ANYTIME throughout the year ANYWHERE in India, Middle East or US11

Roadmap to CPAThe US CPA designationCPA Eligibility - Expert guidance by Miles Minimum education requirements for US CPA exams and license: Generally, most IndianB.Com graduates areeligible to take theCPA exams (with abridge courseenrollment) For bridge course,Miles CPA Reviewfacilitates an “online”2-year M.Com –ProfessionalAccounting &Finance from JainUniversity. Miles CPAcontent tested on thisintegrated program(i.e., no extra studies!)CPA Exams 120 credits;90 credits (preeducation option)CPA License 150 credits General rule: Every year of university education in India is equivalent to 30semester 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 credits 60 credits 150 credits CA/CS/CWA recognized by few states as 2 years of US education B.Com Only? Options: Pre-education eligibility - Enroll for “online” M.Com - ProfessionalAccounting & Finance from Jain University. Appear for CPA exams alongsideM.Com (just need to send bonafide from Jain University) Exception (being phased out): If B.Com is completed in 1st division from aNAAC ‘A’ university, the 3-year B.Com would be treated as 4 years of USeducation, i.e., 120 credits for B.Com alone. However, note that thisexception only applies for CPA exam eligibility (NOT for CPA license – so forCPA license, B.Com will anyways be counted as 90 credits)12

Roadmap to CPAThe US CPA designationCPA Exams & License – cracking the code! 55 State Boards ofAccountancy(SBAs) – eachauthorized to issuethe CPA license,and decide theirown eligibility rules NASBA - theassociation of the55 SBAs AICPA – conductsthe “Uniform” CPAexaminations Prometric – CPAexam test centresCACPAELIGIBILITY rules decided by:CAInstitute55 SBAs[varying rules with differentchoice of evaluation agencies]EXAMS –conducted by:CAInstituteAICPA[irrespective of state boardselection; hence, these arecalled “Uniform” for the CPAexaminations]CERTIFICATE /LICENSE –awarded by:CAInstitute55 SBAs[varying rules; but note thatALL the states are substantiallyequivalent; i.e., license fromany one state board is validacross the US and the world]13

Roadmap to CPAThe US CPA designationCPA License - Miles helps you become a CPA! Just passing the CPAExams does not makeyou a CPA – you needto fulfill the other 3 Es: Education – ifrequired, Miles canhelp you with abridge course(M.Com) Experience – Mileshas full-timelicensed CPAs whoare able to verifyexperience for theCPA license Ethics - Exam fromIndia; no travel As per regulations, for CPA exams taken in international locations(like India or Dubai), the exam credits lapse unless the candidate isable to get to the CPA license within 3 years of clearing the CPAexamsOne the most critical requirements for international candidates is“Experience” – and Miles is the only review course provider in Indiawith licensed CPAs (including, of course, the Lead Instructor - VarunJain, CPA) who are authorized to verify the accounting/financeexperience of candidates to help them achieve their CPA license14

Section 3How do you earn your CPA?Only Miles to CPA – India’s #1 CPA Review

Roadmap to CPAThe US CPA designationMiles CPA Review - Course Offerings Led by Varun Jain(India’s favouriteCPA instructor),Miles CPA Reviewis the largestprovider of CPAtraining in India Miles provides thebest in-class studymaterial, a uniqueclassroom deliverymodel and extensivestudent support tohelp candidates getto destination CPA Wiley CPA - Test Prep Guides - International Series – authored byVarun JainMiles Online Test Bank Access for online practice questions andmock exams (8000 MCQs and 500 Simulations including DRS’)Online Training: 130 hours of pre-recorded videos by Varun - includes both"concepts on the whiteboard" & "annotations on your book" 100 hours of live online training by Varun Team spreadover 36 sessions via webinars every Saturday & SundayClassroom training: 200 hours of face-to-face training over 28Sundays [masterclasses by Varun Jain in most cities; classes willresume post-pandemic]Logistical support - Exam Eligibility, Foreign Credential Evaluation,NTS, UAE /US travelCPA licensure assistancePlacement assistance (for self-sponsored candidates)Additional Support - Support-till-you-pass, Miles 2021 PassGuarantee, MAC Membership, Subvention Facility (EMIs)

Roadmap to CPAThe US CPA designationWiley CPA - Test Prep Guides - International SeriesAuthored by Varun Jain Wiley CPA - Test PrepGuides - InternationalSeries Authored by VarunJain Reflects the best-inclass quality of MilesCPA study materials Unlike others in India,Miles does not simply“resell” US materials About Wiley: 200 years oflegacy 470 NobelLaureates asauthors17

Roadmap to CPAThe US CPA designationMiles Training Videos Concepts Annotationsmileseducation.com/cpa Miles’ videos byVarun Jain, CPA,CMA, who is India’sfavorite CPA andCMA instructor About Varun: Co-founder ofMiles Education Author of WileyCPA - Test PrepGuides International Series Ex-investmentbanker at MorganStanley Harvard B-Schoolalumnus18

Roadmap to CPAThe US CPA designationCPA Gameplan - Pass all 4 exams by Q1 2022One Mile at a time! One-mile-at-a-time Prepare for only 1 partat one go During classes:AUD Varun’s Webinars@6 hrs/week Varun’s Videos@6 hrs/week Online test-bank@8 hrs/weekFAR Post-classes: Revision@20 hours/weekREGBEC Classes:Feb 27 - Mar 21 Classes:May 8 - Jun 13 Classes:Oct 2 - Oct 24 Classes:Jan 8, 2022 Feb 6, 2022AUD exam inMay-2021FAR exam inSep-2021REG exam inDec-2021BEC exam inMar-202219