To study the journal entries
example is obviously a good way to get thorough knowledge of journal
entries. Just learn the rules of double entries and to make some journal
entries of simple purchase and sale transactions is not enough for becoming the master in accounting. You should know every type of transactions and journal entries. You also know how to pass the journal entry, what account will be debited and what account will be credited in this journal entry.
Following are some examples of translations and Journal Entries, its analysis is done on the basis of rules of double entry system:
1. Cash brought in by proprietor as capital Rs. 30000
a) What comes in business will be debited
Cash has come in business; cash account will be debited in journal entry.
b) Who is giver will be credited
Proprietor is giver of cash to business but he has business motive and he gives the money to business as capital.
Journal Entry
Cash Account Debit 30, 000
Proprietor’s capital Account Credit 30,000
2. Goods purchased on credit from Madan Lal Rs. 5,000
a) What comes in business will be debited
Goods have come in business, so its financial value will be debited with the name of purchase account.
b) Name of person is given from whom we bought the goods on credit, so Ist rule’s second part will be applied.
Who is giver, will be credited.
Madan lal is giver, so its account will be credited.
Purchase account debit 5000
Madan Lal account credit 5000
3. Furniture purchased for cash Rs. 10000
a) What comes in business will be debited. In this transaction, furniture came in business, so we will open furniture account in the debit side of journal entry.
b) Cash is also asset and we paid for purchasing of furniture. 2nd rule’s second part will be applied.
Furniture Account Debit 10,000
Cash Account Credit 10,000
4. Goods sold on credit to Dev Raj Rs. 1600
a) Dev Raj is receiver of goods, so his personal account will be debited.
b) Goods go out, so, goods or sale account will be credited.
Dev Raj Account Debit 1600
Sale Account Credit 1600
5. Goods purchased for cash Rs. 4500
a) Goods come in, so goods or purchase account will be debited
b) Cash goes out, so cash account will be credited.
Purchase account debit 4500
Cash account credit 4500
6. Goods sold for cash Rs. 2100
a) Cash comes in, so cash account will be debited.
b) Goods go out, so goods or sale account will be credited.
Cash account debit 2100
Sale account credit 2100
7. Rent paid for shop to landlord 3000
a) Rent is an item of expenses, so it will be debited.
b) Cash is an item of asset and it goes out, so it will be credited.
Rent Account Debit 3000
Cash Account Credit 3000
8. Commission received in cash 2000
a) Cash comes in, so cash account will be debited.
b) Commission is an item of income, so commission account will be credited.
Cash Account Debit 2000
Commission Account Credit 2000
9. Cash deposited into bank 5000
a) Bank is receiver of cash, so bank account will be debited.
b) Cash goes out, so cash account will be credited.
Bank Account Debit 5000
Cash Account Credit 5000
10. Cash withdrawn from bank for office use Rs. 2000
a) Cash comes in the business, so cash account will be debited.
b) Bank is the giver, so bank account will be credited.
Cash Account Debit 2000
Bank Account Credit 2000
11. Cash drawn by proprietor from business for personal use Rs. 3000
a) Proprietor is the receiver of cash, but business will give him as drawing which is decrease in his capital, so proprietor’s drawing account will be debited.
b) Cash goes out, so cash account will be credited.
Drawing Account Debit 3000
Cash Account Credit 3000
12. Goods given as charity Rs. 1000
a) Charity is an expense of business, so it will be debited.
b) Goods go out, so goods or purchase account will be credited.
Charity Account Debit 1000
Purchase Account Credit 1000
13. Bad Debts written off Rs. 500
a) Bad debt is loss of business due to not paying the amount by our debtors, so it will be debited.
b) There is decrease in debtor. We are applying what goes from business, debtor is also our asset, if he does not pay, and it means this asset has gone from business, so its account will be credited.
Bad Debt Account Debit 500
Debtor Account Credit 500
14. Bad debts recovered in cash Rs. 300
a) Cash comes in, so cash account will be debited.
b) Bad debts recovered are an income, so its account will be credited.
Cash Account Debit 300
Bad Debts Recovered Account Credit 300
15. Carriage paid on machinery ( expenses on purchase of asset ) Rs. 1000
a) Carriage on purchase of machinery is part of cost of machinery, so machinery account will be debited.
b) Cash goes out, so cash account will be credited.
Machinery Account Debit 1000
Cash Account Credit 1000
16. Depreciation on fixed assets Rs. 500
a) Depreciation on fixed assets is the loss of business, and every loss will be debited.
b) There is a decrease in asset and we will apply what goes from business on it. So, asset account will be credited.
Depreciation Account Debit 500
Fixed Asset Account Credit 500
17. Carriage paid on the behalf of buyer Rs. 1000
a) This is not our expenses, but this is increase our current asset and its name is debtor, so we will apply what comes in rule on it.
b) Cash goes out, so cash account will be credited.
Debtor account Debit 1000
Cash Account Credit 1000
18. Goods given as free samples Rs. 1500
a) Goods are given for advertising, advertising is an expense of business, and so advertising account will be debited.
b) Goods go out at the cost price, so goods or purchase account will be credited.
Advertising Account Debit 1500
Purchase Account Credit 1500
19. Interest allowed on capital Rs. 600
a) Interest is an expense of business, so it will be debited.
b) There is an increase in the amount of capital. Capital is liability account, so increase in the amount of capital will be also shown in the credit side of journal entry.
Interest on capital Account Debit 600
Capital Account Credit 600
20. Interest charged on drawings Rs. 500
a) Decrease in capital or increase in drawing will be debited.
b) Interest on drawing is an income of business.
Drawing Account Debit 500
Interest on drawing account Credit 500
21. Bank charges or interest charged by bank Rs. 200
a) Bank charges are the expenditures of business, so it will be debited.
b) There is decrease in bank balance, so bank account will be credited.
Bank charge Account Debit 200
Bank account Credit 200
22. Goods lost by fire Rs. 800
a) Goods lost by fire are the loss of business, so loss by fire account will be debited.
b) There is decrease in goods or stock at cost, so purchase account will be credited.
Loss by Fire Account Debit 800
Purchase Account Credit 800
23. Goods insured and a claim is admitted by insurance company in full or in part.
a) Insurance company will be our debtor. Transaction has increase in debtors because we have to get money from insurance company. So, this account will be debited.
b) Decrease in loss by fire, so this account will be credited.
Insurance company Account Debit XXXX
Loss by Fire Account Credit XXXX
24. Loan taken Rs. 1,00,000
a) Cash comes in, so cash account will be debited.
b) Lender is giver, so his loan account will be credited.
Cash Account Debit 1, 00,000
Lender’s loan Account Credit 1,00,000
25. Interest paid on loan. Rs. 1000
a) Interest is an expense of business, so it will be debited.
b) Cash goes out, so it will be credited.
Interest on loan Account Debit 1000
Cash Account Credit 1000
26. Interest on loan due but not paid in cash. Rs. 500
a) Interest is an expense of business, so it will be debited.
b) Increase in creditors will be credited in journal entry.
Interest on loan Account Debit 500
Loan or Creditor Account 500
27. Investment purchased Rs. 50,000
a) Asset in the form of investment comes in, so investment account will be debited.
b) Cash goes out, so its account will be credited.
Investment Account Debit 50000
Cash Account Credit 50000
28. Cash stolen from office. Rs. 6000
a) Cash stolen from office is loss of business, so this account will be debited.
b) Cash goes out, so its account will be credited.
Loss by Theft Account Debit 6000
Cash Account Credit 6000
29. Cash paid to a creditor in full settlement ( When cash discount is received) Amount due to Madan Lal Rs. 5000 paid him Rs. 4950 in full settlement.
a) Decrease in creditors = Debit
b) Decrease in cash = Credit
c) Discount received is income of business = credit
Madan Lal Account Debit 5000
Cash Account Credit 4950
Discount Received Account Credit 50
30. Cash received from a debtor in full settlement (When cash discount is allowed). Amount receivable from Dev Raj Rs. 1600, received from him Rs. 1570.
a) Increase in cash = Debit
b) Discount allowed is the loss of business = Debit
c) Decrease in debtors = credit
Cash Account Debit 1570
Discount Allowed Account Debit 30
Dev Raj Account Credit 1600
Following are some examples of translations and Journal Entries, its analysis is done on the basis of rules of double entry system:
1. Cash brought in by proprietor as capital Rs. 30000
a) What comes in business will be debited
Cash has come in business; cash account will be debited in journal entry.
b) Who is giver will be credited
Proprietor is giver of cash to business but he has business motive and he gives the money to business as capital.
Journal Entry
Cash Account Debit 30, 000
Proprietor’s capital Account Credit 30,000
2. Goods purchased on credit from Madan Lal Rs. 5,000
a) What comes in business will be debited
Goods have come in business, so its financial value will be debited with the name of purchase account.
b) Name of person is given from whom we bought the goods on credit, so Ist rule’s second part will be applied.
Who is giver, will be credited.
Madan lal is giver, so its account will be credited.
Purchase account debit 5000
Madan Lal account credit 5000
3. Furniture purchased for cash Rs. 10000
a) What comes in business will be debited. In this transaction, furniture came in business, so we will open furniture account in the debit side of journal entry.
b) Cash is also asset and we paid for purchasing of furniture. 2nd rule’s second part will be applied.
Furniture Account Debit 10,000
Cash Account Credit 10,000
4. Goods sold on credit to Dev Raj Rs. 1600
a) Dev Raj is receiver of goods, so his personal account will be debited.
b) Goods go out, so, goods or sale account will be credited.
Dev Raj Account Debit 1600
Sale Account Credit 1600
5. Goods purchased for cash Rs. 4500
a) Goods come in, so goods or purchase account will be debited
b) Cash goes out, so cash account will be credited.
Purchase account debit 4500
Cash account credit 4500
6. Goods sold for cash Rs. 2100
a) Cash comes in, so cash account will be debited.
b) Goods go out, so goods or sale account will be credited.
Cash account debit 2100
Sale account credit 2100
7. Rent paid for shop to landlord 3000
a) Rent is an item of expenses, so it will be debited.
b) Cash is an item of asset and it goes out, so it will be credited.
Rent Account Debit 3000
Cash Account Credit 3000
8. Commission received in cash 2000
a) Cash comes in, so cash account will be debited.
b) Commission is an item of income, so commission account will be credited.
Cash Account Debit 2000
Commission Account Credit 2000
9. Cash deposited into bank 5000
a) Bank is receiver of cash, so bank account will be debited.
b) Cash goes out, so cash account will be credited.
Bank Account Debit 5000
Cash Account Credit 5000
10. Cash withdrawn from bank for office use Rs. 2000
a) Cash comes in the business, so cash account will be debited.
b) Bank is the giver, so bank account will be credited.
Cash Account Debit 2000
Bank Account Credit 2000
11. Cash drawn by proprietor from business for personal use Rs. 3000
a) Proprietor is the receiver of cash, but business will give him as drawing which is decrease in his capital, so proprietor’s drawing account will be debited.
b) Cash goes out, so cash account will be credited.
Drawing Account Debit 3000
Cash Account Credit 3000
12. Goods given as charity Rs. 1000
a) Charity is an expense of business, so it will be debited.
b) Goods go out, so goods or purchase account will be credited.
Charity Account Debit 1000
Purchase Account Credit 1000
13. Bad Debts written off Rs. 500
a) Bad debt is loss of business due to not paying the amount by our debtors, so it will be debited.
b) There is decrease in debtor. We are applying what goes from business, debtor is also our asset, if he does not pay, and it means this asset has gone from business, so its account will be credited.
Bad Debt Account Debit 500
Debtor Account Credit 500
14. Bad debts recovered in cash Rs. 300
a) Cash comes in, so cash account will be debited.
b) Bad debts recovered are an income, so its account will be credited.
Cash Account Debit 300
Bad Debts Recovered Account Credit 300
15. Carriage paid on machinery ( expenses on purchase of asset ) Rs. 1000
a) Carriage on purchase of machinery is part of cost of machinery, so machinery account will be debited.
b) Cash goes out, so cash account will be credited.
Machinery Account Debit 1000
Cash Account Credit 1000
16. Depreciation on fixed assets Rs. 500
a) Depreciation on fixed assets is the loss of business, and every loss will be debited.
b) There is a decrease in asset and we will apply what goes from business on it. So, asset account will be credited.
Depreciation Account Debit 500
Fixed Asset Account Credit 500
17. Carriage paid on the behalf of buyer Rs. 1000
a) This is not our expenses, but this is increase our current asset and its name is debtor, so we will apply what comes in rule on it.
b) Cash goes out, so cash account will be credited.
Debtor account Debit 1000
Cash Account Credit 1000
18. Goods given as free samples Rs. 1500
a) Goods are given for advertising, advertising is an expense of business, and so advertising account will be debited.
b) Goods go out at the cost price, so goods or purchase account will be credited.
Advertising Account Debit 1500
Purchase Account Credit 1500
19. Interest allowed on capital Rs. 600
a) Interest is an expense of business, so it will be debited.
b) There is an increase in the amount of capital. Capital is liability account, so increase in the amount of capital will be also shown in the credit side of journal entry.
Interest on capital Account Debit 600
Capital Account Credit 600
20. Interest charged on drawings Rs. 500
a) Decrease in capital or increase in drawing will be debited.
b) Interest on drawing is an income of business.
Drawing Account Debit 500
Interest on drawing account Credit 500
21. Bank charges or interest charged by bank Rs. 200
a) Bank charges are the expenditures of business, so it will be debited.
b) There is decrease in bank balance, so bank account will be credited.
Bank charge Account Debit 200
Bank account Credit 200
22. Goods lost by fire Rs. 800
a) Goods lost by fire are the loss of business, so loss by fire account will be debited.
b) There is decrease in goods or stock at cost, so purchase account will be credited.
Loss by Fire Account Debit 800
Purchase Account Credit 800
23. Goods insured and a claim is admitted by insurance company in full or in part.
a) Insurance company will be our debtor. Transaction has increase in debtors because we have to get money from insurance company. So, this account will be debited.
b) Decrease in loss by fire, so this account will be credited.
Insurance company Account Debit XXXX
Loss by Fire Account Credit XXXX
24. Loan taken Rs. 1,00,000
a) Cash comes in, so cash account will be debited.
b) Lender is giver, so his loan account will be credited.
Cash Account Debit 1, 00,000
Lender’s loan Account Credit 1,00,000
25. Interest paid on loan. Rs. 1000
a) Interest is an expense of business, so it will be debited.
b) Cash goes out, so it will be credited.
Interest on loan Account Debit 1000
Cash Account Credit 1000
26. Interest on loan due but not paid in cash. Rs. 500
a) Interest is an expense of business, so it will be debited.
b) Increase in creditors will be credited in journal entry.
Interest on loan Account Debit 500
Loan or Creditor Account 500
27. Investment purchased Rs. 50,000
a) Asset in the form of investment comes in, so investment account will be debited.
b) Cash goes out, so its account will be credited.
Investment Account Debit 50000
Cash Account Credit 50000
28. Cash stolen from office. Rs. 6000
a) Cash stolen from office is loss of business, so this account will be debited.
b) Cash goes out, so its account will be credited.
Loss by Theft Account Debit 6000
Cash Account Credit 6000
29. Cash paid to a creditor in full settlement ( When cash discount is received) Amount due to Madan Lal Rs. 5000 paid him Rs. 4950 in full settlement.
a) Decrease in creditors = Debit
b) Decrease in cash = Credit
c) Discount received is income of business = credit
Madan Lal Account Debit 5000
Cash Account Credit 4950
Discount Received Account Credit 50
30. Cash received from a debtor in full settlement (When cash discount is allowed). Amount receivable from Dev Raj Rs. 1600, received from him Rs. 1570.
a) Increase in cash = Debit
b) Discount allowed is the loss of business = Debit
c) Decrease in debtors = credit
Cash Account Debit 1570
Discount Allowed Account Debit 30
Dev Raj Account Credit 1600
I saw this really great post today.
ReplyDeleteThe Growing Demand for CIA in Audit in 2025
ReplyDeleteWhy Pursue the CIA Certification with Simandhar Education?
Simandhar Education offers expert training to help you pass the CIA exam and succeed in your audit career:
* Comprehensive Course Material: Covers the latest CIA syllabus.
* Expert Faculty: Learn from experienced professionals.
* Live Interactive Classes: Engage with faculty and clarify doubts.
* CIA Exam Tips: Includes mock exams and expert tips for exam success.
* Career Support: Assistance with resume building, interviews, and job placement.
CIA Certification
CMA 2025 Changes: Course Updates and Exam Updates
ReplyDeleteThe Certified Management Accountant (CMA) credential, offered by the Institute of Management Accountants (IMA), is one of the most prestigious certifications in finance and accounting.
Key Changes in the CMA 2025 Course
The updated CMA syllabus aligns with current trends such as digital finance, automation, and sustainability. Below are the key course updates for 2025:
1. Enhanced Focus on Technology and Data Analytics
2. Integration of Sustainability and ESG (Environmental, Social, and Governance) Reporting
3. Expanded Coverage of Strategic Management
Exam Structure Updates in 2025
· More Scenario-Based MCQs: Requires analytical thinking and application of concepts to real-world cases.
· Case Study-Based Essay Questions: Focuses on sustainability, risk management, and ethical financial decision-making.
3. Increased Exam Difficulty
· Practical Application Over Theory: The updated format prioritizes hands-on decision-making skills over memorization.
· Use of Financial Simulations: Candidates will face interactive simulations replicating real-life financial scenarios.
· Emphasis on Critical Thinking: Greater weight is given to problem-solving and strategic decision-making.
How to Prepare for the 2025 CMA Changes
1. Stay Updated with Official IMA Announcements
· Regularly check the IMA website for the latest updates.
· Subscribe to IMA newsletters and participate in CMA webinars.
2. Enroll in an Updated CMA Coaching Program · Joining an institute like Simandhar Education ensures access to structured study plans and expert-led coaching.
· Updated study materials and mock exams reflect the latest syllabus changes.
3. Strengthen Your Knowledge in Technology and ESG
· Take additional courses in data analytics, AI, and blockchain.
· Learn about ESG reporting standards and ethical financial practices.
4. Practice with Updated Exam Questions
· Solve mock exams based on the new question formats.
· Focus on scenario-based and case study questions to develop critical thinking skills.
5. Improve Time Management Skills
· The updated exam requires efficient time management due to complex questions.
· Practice answering essay questions under timed conditions.
Stay ahead of the curve and enroll with Simandhar Education today to ace the CMA 2025 exam!
For more details, call us at +91 7780273388 or visit our website: www.simandhareducation.com
CMA Certification
Enrolled Agent Exam Fees & Updates for 2025: A Complete Guide
ReplyDeleteBecoming an Enrolled Agent (EA) in 2025 is an excellent career move for tax professionals looking to gain unlimited representation rights before the IRS. However, the journey to earning the EA credential involves a series of steps, including passing the Special Enrollment Examination (SEE) and covering various costs along the way.
Part 1: Individual Taxation – Covers topics like filing requirements, gross income, deductions, credits, and tax planning for individuals.
Part 2: Business Taxation – Focuses on corporate tax structures, partnerships, deductions, estate and gift taxation, and small business considerations.
Part 3: Representation, Practices, and Procedures – Tests knowledge of IRS procedures, client representation, tax practice ethics, and compliance regulations.
Start Your EA Journey with Simandhar Education!
Looking for the best Enrolled Agent (EA) coaching to ace your exams on the first attempt? Simandhar Education is India’s No.1 institute for CPA, CMA, EA, and ACCA, offering:
Expert-Led Training – Learn from experienced mentors and IRS-certified professionals. Comprehensive Study Materials – Access updated resources and practice tests. Flexible Learning Options – Choose from live online or self-paced courses. Personalized Guidance – Get 1:1 mentorship and exam support. Placement Assistance – 100% placement assistance to land high-paying tax jobs with top firms. To know more Call, us on: +91 7780273388 and Visit: www.simandhareducation.com
Start your journey to becoming an Enrolled Agent in 2025 with Simandhar Education and boost your career in taxation!
EA Certification
Cracking the CPA Exam: Understanding Scoring and Pass Rates
ReplyDeleteIntroduction: The Journey of a CPA Aspirant
Preparing for the CPA Exam requires months of dedicated study, multiple practice tests, and a strong determination to succeed.
Understanding CPA Exam Scoring
The CPA Exam isn’t scored like a typical school test. Instead of a percentage-based system, scores range from 0 to 99, and a minimum of 75 is required to pass each section. However, this does not mean you need to answer 75% of the questions correctly. The scoring process is much more intricate.
Weighted Scoring System
The CPA Exam consists of three Core sections—CPA AUD (Auditing and Attestation), CPA FAR (Financial Accounting and Reporting), and CPA REG (Regulation)—along with a Discipline section where candidates choose between Business Analysis and Reporting (BAR), Information Systems and Controls (ISC), or Tax Compliance and Planning (TCP).
Each section’s final score is a weighted combination of:
· Multiple-Choice Questions (MCQs) – 50%
· Task-Based Simulations (TBSs) – 50%
(For ISC, the weightage changes to 60% MCQs and 40% TBSs.)
These components are carefully scaled to ensure that scores are fair across different versions of the exam.
Now that we understand how scoring works, let’s discuss the CPA Exam pass rates and what they reveal about the difficulty of each section.
Here are the 2024 pass rates for each CPA Exam section:
Section Q1 Q2 Q3 Q4 Cumulative
CPA AUD 44.63% 46.58% 47.80% 43.54% 45.79%
CPA FAR 41.92% 40.58% 39.82% 36.80% 39.59%
CPA REG 63.43% 63.45% 62.97% 60.52% 62.61%
BAR 42.94% 40.26% 40.11% 33.68% 38.08%
ISC 50.93% 57.93% 61.88% 56.40% 58.00%
TCP 82.36% 75.67% 72.91% 72.16% 73.91%
From these numbers, it’s clear that CPA FAR is the toughest section, with an average pass rate of only 39.59%. Meanwhile, CPA REG tends to have the highest success rate, with 62.61% of candidates passing (Source: AICPA).
What Makes a CPA Candidate Stand Out?
To stand out in the CPA Exam, you need a strategic study plan, disciplined time management, and high-quality CPA prep courses. The Elijah Watt Sells Award recognizes candidates who achieve a cumulative score of 95.50 or higher across all four CPA Exam sections on their first attempt. This is an extremely rare feat, showcasing exceptional dedication and understanding of the subject matter.
How Simandhar Education Can Help You Succeed
If you are wondering how to join CPA course, or searching for the best CPA classes in India, Simandhar Education is your go-to partner in success. Our CPA prep course provides expert faculty, structured learning materials, and Becker CPA Review integration, ensuring that students are fully equipped to pass the exam.
Why Choose Simandhar Education?
· Live Interactive Classes – Attend instructor-led sessions from industry experts.
· Comprehensive Study Material – Covering all CPA course syllabus topics in detail.
· Personalized Mentorship – Get one-on-one guidance throughout your CPA journey.
· Placement Assistance – Helping you land top jobs in Big 4 firms and MNCs.
· Affordable CPA Fees in India – We offer cost-effective packages compared to other institutions.
· Personalised 24 * 7 AI mentor: Simandhar is providing Digital Sripal AI for 24*7 support.
Stop searching for CPA classes near me—Simandhar Education is here to help, no matter where you are in India, including CPA in Delhi, CPA in India, and CPA course in India. Our expert-led coaching ensures that you ace the US CPA exam with confidence. Call us Today at +91 7780273388 or visit our website: www.simandhareducation.com
Start your CPA journey today and achieve success with Simandhar Education!
CPA Course Details
How a CPA Qualification Opens Doors in India’s Accounting and Financial Sector?
ReplyDeleteThe demand for Certified Public Accountants (US CPAs) in India has been steadily rising, and this trend shows no signs of slowing down.
Key drivers of this growing demand include:
* Increased Foreign Investments: With foreign companies entering Indian markets, the need for globally certified accountants has surged.
* Regulatory Convergence: The alignment of Indian accounting practices with global standards has made US CPAs indispensable.
* Technological Advancements: The rise of AI, blockchain, and data analytics in finance demands professionals who can integrate these tools with traditional accounting expertise.
CPAs are in high demand across sectors, especially in top-tier firms like the Big 4 (Deloitte, PwC, EY, KPMG) and multinational corporations. Here are some roles that US CPAs commonly secure:
* Financial Analyst
* Internal Auditor
* Tax Consultant
* Forensic Accountant
* Corporate Controller
Choosing the Right CPA Institute: Why Simandhar Education Stands Out
When it comes to CPA training in India, Simandhar Education is a name synonymous with excellence. Unlike other institutions that treat CPA preparation as a product, Simandhar focuses on holistic student success. Here’s what sets us apart:
* Proven Placement Record: With a nearly 100% placement rate, Simandhar has successfully placed alumni in Big 4 firms and leading MNCs.
* Collaborative Ecosystem: We actively facilitate collaboration among students, faculty, and industry leaders to support every stage of your CPA journey.
* Comprehensive Training: Our program includes live classes, recorded sessions, and access to Becker’s world-class materials.
* Student-Centric Approach: From eligibility evaluation to licensing assistance, we walk with you every step of the way.
At Simandhar Education, we are committed to turning your CPA aspirations into reality. Join us to unlock your potential and take the first step toward a thriving global career. For more details, contact us at +91 7780273388 or visit our website at www.simandhareducation.com.
Your future awaits. Make the leap today!
CPA Course Details
How to Check CPA Results
ReplyDeleteThe CPA exam is a significant milestone for aspiring accountants. After months of preparation, checking your results is crucial for planning your next steps. This guide will help you navigate the process efficiently.
In this blog, we will guide you through the process of checking your CPA results, registering for the NASBA Application Dashboard, understanding your score, and what to do after receiving your results.
1. How CPA Results Are Released
NASBA releases CPA exam scores based on a quarterly schedule. Scores are typically available a few weeks after the testing window ends. Candidates can access their results through the NASBA Application Dashboard.
2. Steps to Check Your CPA Score
Follow these simple steps to check your CPA exam results:
Step 1: Visit the NASBA Website
Go to the official NASBA Okta Portal: NASBA Application Dashboard.
Step 2: Log into Your Account
· Click on the CPA Portal within the NASBA Okta Portal.
· Enter your login credentials (email and password used during exam registration).
· If you forget your password, use the recovery option provided.
Step 3: Navigate to the Score Section
· On the homepage, scroll down to the right-hand corner.
· Click on “View Exam Section History” to see your CPA scores.
Step 4: Check Your Results
· If you have passed, you will see the word "Passed" or "Credited" next to the exam section.
· If you did not pass, you will need to retake that section in the next available exam window.
3. NASBA Application Dashboard – How to Sign Up
If you haven’t registered on NASBA’s dashboard, follow these steps:
Step 1: Visit the NASBA Dashboard
· Click on “Create an Account” under the CPA Exam section.
Step 2: Provide Your Information
· Enter details such as your name, email address, and application ID (received upon CPA exam registration).
· Set up a secure password.
Step 3: Verify Your Account
· Check your email for a verification link.
· Click the link to verify and activate your account.
Step 4: Log in and Access Your Scores
· Use your credentials to log in.
· Navigate to the CPA Portal to view exam scores and other details.
4. What Does Your CPA Score Mean?
Each CPA exam section is graded on a scale of 0-99, with a passing score of 75 or higher. Here’s what your score means:
· 75 or above: Congratulations! You passed that section.
· Below 75: Unfortunately, you did not pass. You’ll need to retake that section in the next exam window.
CPA Exam Sections:
· AUD (Auditing and Attestation)
· FAR (Financial Accounting and Reporting)
· REG (Regulation)
· Discipline Sections (BAR/TCP/ISC)
For more information about the CPA exam, training programs, and career guidance, visit SimandharEducation.com or call us at +91 7780273388.
Stay focused and keep striving towards your CPA certification!
CPA Course Details
Enrolled Agent (EA) Exam & Fee Updates 2025 – Latest Course Changes
ReplyDeleteBecoming an Enrolled Agent (EA) in 2025 is an excellent career move for tax professionals looking to gain unlimited representation rights before the IRS. However, the journey to earning the EA credential involves a series of steps, including passing the Special Enrollment Examination (SEE) and covering various costs along the way.
In this guide, we’ll break down the latest fee structure, exam format, and recent updates to help you prepare for your EA certification efficiently.
Understanding the Enrolled Agent Exam
The Enrolled Agent Exam (SEE) is a three-part exam designed to test a candidate's knowledge of tax laws and regulations. Each part focuses on a different domain of taxation:
Part 1: Individual Taxation – Covers topics like filing requirements, gross income, deductions, credits, and tax planning for individuals.
Part 2: Business Taxation – Focuses on corporate tax structures, partnerships, deductions, estate and gift taxation, and small business considerations.
Part 3: Representation, Practices, and Procedures – Tests knowledge of IRS procedures, client representation, tax practice ethics, and compliance regulations.
Enrolled Agent Exam Fees Breakdown (2025)
The cost of taking the EA exam has increased slightly in 2025 due to administrative updates. Here’s what you can expect to pay:
Preparer Tax Identification Number (PTIN) Registration – $19.75 per year Exam Fee per Part – $259 Total Exam Cost for All Three Parts – $777
Note: Each exam fee is paid at the time of scheduling and is non-refundable. If you fail a section, you’ll need to pay again to retake that specific part.
Recent Updates to the EA Exam in 2025
The IRS has introduced several key updates to the SEE in 2025 to align with current tax regulations and improve the testing experience:
Extended Testing Window – Candidates now have three years to pass all three parts after passing the first one.
Updated Tax Law Content – The exam now includes recent changes in individual and business taxation, revised tax credits, and new compliance policies.
International Exam Availability – The IRS has expanded the SEE to more global testing locations, making it easier for international candidates.
Mandatory 15-Minute Break – A scheduled break is now included after the first 50 questions, allowing candidates to refresh before continuing.
Start Your EA Journey with Simandhar Education!
Looking for the best Enrolled Agent (EA) coaching to ace your exams on the first attempt? Simandhar Education is India’s No.1 institute for CPA, CMA, EA, and ACCA, offering:
Expert-Led Training – Learn from experienced mentors and IRS-certified professionals. Comprehensive Study Materials – Access updated resources and practice tests. Flexible Learning Options – Choose from live online or self-paced courses. Personalized Guidance – Get 1:1 mentorship and exam support. Placement Assistance – 100% placement assistance to land high-paying tax jobs with top firms.
To know more Call, us on: +1800 412 9127 and Visit: www.simandhareducation.com
Start your journey to becoming an Enrolled Agent in 2025 with Simandhar Education and boost your career in taxation!
EA Course Details