CA-IPCC

IPCC – (Integrated Professional Competence Course)

About the Course

This is the first stage of the chartered accountancy curriculum wherein only working knowledge of core and allied subjects to accountancy profession is covered, while at the Final course, advanced application knowledge of core and allied subjects to accountancy profession has been intended to be inculcated. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and three years of practical training after passing Group-I of IPCC/Accounting Technician Course. This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme.

In order to develop a strong theoretical base, students of IPCC have to undergo nine months study course before appearing for the first time in the Integrated Professional Competence Examination (IPCE). Since proper understanding of the modern world necessitates knowledge of present day technology and skills, students are imparted 100 hours Information Technology Training (ITT) and have to undergo 35 hours Orientation Programme. These are to be completed before commencement of their practical training.

Subjects covered in IPCC

Group I

Paper 1: Accounting (100 Marks)

Paper 2: Business Laws, Ethics and Communication (100 Marks)

Part I: Law (60 Marks)

Business Laws (30 Marks)

Company Law (30 Marks)

Part II: Business Ethics (20 Marks)

Part III: Business Communication (20 Marks)

Paper 3: Cost Accounting and Financial Management

Part I: Cost Accounting (50 Marks)

Part II: Financial Management (50 Marks)

Paper 4: Taxation

Part I: Income-tax (50 Marks)

Part II: Service Tax (25 Marks) and

VAT (25 marks)

Group II

Paper 5: Advanced Accounting (100 Marks)

Paper 6: Auditing and Assurance (100 Marks)

Paper 7: Information Technology and Strategic Management

Section A: Information Technology (50 Marks)

Section B: Strategic Management (50 Marks)

The subjects of IPCC are classified into two groups which a student can study and appear in the examination group-wise or both the groups together.

Highlights

· Improved knowledge of accountancy linked to accounting standards to build strong foundation for developing knowledge of Financial Reporting at the Final stage;

· Inculcating ethical values through a module of Business Ethics;

· Updated knowledge of business communication through modules of developing soft skills, leadership style, group dynamics and developing knowledge of business meetings and legal documents;

· Building knowledge of business strategies, business environment and corporate governance;

· Introducing Service Tax and VAT as special module with the purpose of strengthening knowledge

of indirect tax;

· Upgraded module of Information Technology linked to the 100 Hours Information Technology

Training;

· Upgraded modules of Audit and Assurance, Cost Accounting and Financial Management;

· Imparting basic knowledge of e-filing under the company law leading to development of advanced knowledge of e-governance at the final stage.