In this IPCC curriculum only working knowledge of core and allied subjects to accountancy profession is covered, while at the Final (New) 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 3 years of practical training after passing Group-I of IPCC. This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme.
Eligibility Requirement for Registration
A student who has passed CPT and 10+2 examination or Commerce / Non Commerce Graduate as above may join the Intermediate [Integrated Professional Competence] Course.
Students who are pursuing the Final year of Graduation Course shall be eligible for provisional registration to the Intermediate (Integrated Professional Competence) Course. Such students would be required to submit satisfactory proof of having passed the graduation examination with the specified percentage of marks within six months, from the date of appearance in the final year graduation examination (i.e. from the day of commencement of the examination).
ITT & Orientation:
A student has to register and undergo orientation programme of 35 hours & 100 hours ITT before registering for Articleship. Both programs are conducted by ICAI branches. Registration has to be done with ICAI.
Registration fee is Rs. 11,000 for both groups of IPCC including Fee for Articleship. Fee for ITT is Rs. 4,000 and fee for Orientation is Rs. 3,000
IPCC exam is conducted twice a year i.e. May and November.
Requirement for Appearing in Inter(IPCC) Exam:
Option to give both Groups:
A student may register for both groups. However he may appear for Both Groups simultaneously OR appear for Group I first, then start Articleship and then appear for Group II during the Articleship.
Passing Criteria for IPCC:
- If Student appears for Both Groups simultaneously: A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of Both Groups AND Minimum 50% marks in the aggregate of all the papers of both Groups taken together.
- If Student appears for only one Group: A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of the Group AND Minimum 50% marks in the aggregate of all the papers of that Group.
- Exemption: If student fails in Group but gets 60 or more marks in any of the subject, he will be declared as passed in that subject.
- In case of failure in any one subject he has to reappear for all subjects of that group which are not exempt.
Subjects for Study:
IPCC has total 7 subjects divided into 2 groups.
|2||Law, Ethics and Communication
Part II: Business Ethics
Part III: Business Communication
|3||Cost Accounting and Financial Management
Part I: Cost Accounting
Part II: Financial Management
Part I: Income-tax
Part II: Service Tax
Part III: Value Added Tax (VAT)
|6||Auditing and Assurance||100|
|7||Information Technology and Strategic Management
Section A: Information Technology
Section B: Strategic Management