Ipcc Prospectus

IPCC ProspectusIntegrated Professional Competence Course PROSPECTUS New Scheme of Theoretical Education of the Chartered Accountancy Course BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA i IPCC Prospectus Integrated Professional Competence Course New Scheme of Theoretical Education of the Chartered Accountancy Course All rights reserved © The Institute of Chartered Accountants of India, New Delhi, India No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior permission, in writing, from the publisher. http://www.icai.org E-mail: [email protected] ISBN : 978-81-8441-155-3 Revised : September, 2010 Price: ` 100 USD 10 Published by Designed & Printed at : The Publication Department on behalf of The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi- 110 002, India : Repro India Limited, Plot No. 50/2, T.T.C. MIDC Industrial Area, Mahape, Navi Mumbai - 400 710. September / 2010 / 40,000 Copies (Revised) ii IPCC Prospectus Mission The Indian Chartered Accountancy Profession will be the Valued Trustees of World Class Financial Competencies, Good Governance and Competitiveness. iii IPCC Prospectus T o be among the keenest students of Chartered Accountancy anywhere in the world. with the highest standards of accountancy. in order to help Indian firms. audit. financial management. Vision CA Student vision iv . related services and corporate governance.companies and organizations leapfrog into the 21st century. Fees and Syllabus Subjects for Study Study Package Modes of Imparting Theoretical Education Requirements for Passing the IPCE/ATE Schedule for the New Scheme Period of Articled Training Relaxation from undergoing Orientation Programme and extension of completion 13 date of Information Technology Training (ITT) under Integrated Professional Competence Course (IPCC) v .10 5.2 Integrated Professional Competence Course (IPCC) 4.11 5.3 5.2.12 5.6 5.2 Objective of the Present Scheme Different Stages in Chartered Accountancy Course 1 1 1 3 3 4 4 4 5 5 7 7 7 7 8 9 9 10 10 10 11 12 12 4.8 5.3 Accounting Technician Course (ATC) 4.1 Common Proficiency Test (CPT) 4.4 Final Course 5 Integrated Professional Competence Course (IPCC) 5.1 5.5 5.7 5.9 5.2 5.IPCC Prospectus Contents 1 2 3 4 The Institute The Accountancy Profession Educational Activities Scheme of Education and Training 4.4 5.2.2.1 4.2.13 Eligibility Requirement for Registration Registration and Tuition Fees Registration Procedure 100 hours Information Technology Training (ITT) Orientation Programme Admission to Integrated Professional Competence Examination. 5 6.IPCC Prospectus 6 Practical Training/ Work Experience / Articled Training 6.4 7.1 6.6 6.2 Final Course Requirements for passing the Final Examination 9 Scholarships and Fee Concessions 9.6 Registration for the Scheme Duration Course materials Training details Certification 100 hours ITT for Differently abled Students 8 Final Course and Admission to Final Examination 8.5 Scholarships for Meritorious Students Fee Concessions to Differently abled Students Other Fee Concessions and Scholarships Differently abled students are exempted from Orientation Programme Differently abled students are exempted from payment of ITT fee 10 Course on General Management and Communication Skills 10.2 9.7 Objectives of Training Programme Design of Training Programme Categories of Work Experience Providing Effective Work Experience In-house Theoretical Training Stipend to Articled Assistants Applicable on or after June 1.1 7.2 7.1 8.2 6.1 9.4 9.3 6.3 7.1 Exemption from payment of fees to differently abled students for undergoing General Management and Communication Skills Course vi .4 6. 2006 Permission to Pursue Other Courses of Study Including Guidelines on Working Hours 14 15 16 17 20 21 22 23 25 25 25 26 26 27 27 28 30 31 31 31 32 33 33 33 33 34 7 100 hours Information Technology Training 7.3 9.5 7. 1 14.2 Guidelines for imparting Accounting Technician Training – Work Experience Areas of Training 34 35 36 38 38 39 39 40 40 40 40 40 12 13 Membership of the Institute Opportunities for Chartered Accountants 13.IPCC Prospectus 11 Accounting Technician Course (ATC) 11.1 13.3 13.2 13.2 Memorandum of Understanding with Indian Bodies Memorandum of Understanding with International Bodies 15 Annexures: Annexure I: Fees to be charged from the students registering for Integrated Professional Competence Course (IPCC)/ Accounting Technician Course (ATC) 41 Annexure II: Fees to be charged from old students registering for Integrated Professional Competence Course (IPCC)/ Accounting Technician Course (ATC) 42 Annexure III: Syllabus of Integrated Professional Competence Course (IPCC)/ Accounting Technician Course (ATC) 43 Annexure IV: Accredited institutions for conducting oral coaching classes for Integrated Professional Competence Course (IPCC)/ Accounting Technician Course (ATC) as on November 15.1 11. 2009 61 Annexure V: Paper-wise Exemption in IPCC/ATC available to old students of Intermediate/ Professional Education (Course –II)/ Professional Competence Course 67 Annexure VI: Syllabus of 100 Hours Information Technology Training Annexure VII: List of Examinations treated as equivalent to Senior Secondary Examination Where to Submit/ Despatch filled in Application Form 74 86 87 vii .4 Independent Professional Practice Management Consultancy Services Opt for Industry/ Government Organisation Global Scenario 14 Memorandum of Understanding 14. . 60. New York. It also holds qualifying examinations for them and grants membership to successful candidates and certificates of practice to members intending to practice the profession. The Institute is playing a prominent role in the international accounting bodies by virtue of its membership and active involvement in the activities of International Federation of Accountants (IFAC). Muscat. today the membership of the Institute exceeds 1. 3. 1. established in July.2 1. Botswana. 1949 under the Chartered Accountants Act. Kuwait. the Chartered Accountancy profession has achieved rapid growth by virtue of quality professional services rendered by its members. Port Moresby(Papua New Guinea).2 3. In addition. 1988. London.50. Doha. 1. Increasing responsibilities are being placed by the Government and the society on the members of the profession and their specialised knowledge and skills are being utilised in various fields of activities. As against a meagre membership of 1. Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA). Kanpur and New Delhi and 125 branches spread all over the country. Dubai. Toronto and Zambia. 2. Eastern Province (Saudi Arabia). 2006 (No.000. enacted by the Parliament to regulate the profession of Chartered Accountancy in India. Statutory recognition is given to the role of the members of the profession and their audit / certification is insisted upon for various purposes in different statutes. it has five regional councils located in Mumbai. Jeddah. requires the students of CA course to undergo practical training and monitors their training. the Institute enrolls students for the Chartered Accountancy (CA) course. The Institute has its headquarters at New Delhi.000 students on its roll in different stages of Chartered Accountancy curriculum. The Institute is governed by a Council in accordance with provisions of the Chartered Accountants Act. Indonesia. 2. Chennai.3 As part of its responsibility to regulate the profession of Chartered Accountancy.1 The Institute The Institute of Chartered Accountants of India (ICAI) is the premier professional accountancy body of the country. Bahrain. Nairobi. 1949 as amended by the Chartered Accountants (Amendment) Act. Kolkata.9 of 2006) and the Chartered Accountants Regulations. Melbourne.1 Educational Activities Board of Studies The Board of Studies is responsible for formulating and implementing the policies and 1 . The Institute has also 21 chapters outside India located in Abu Dhabi. Presently it has approx. imparts theoretical education to them.700 in 1949. Singapore. The Council consists of 40 members of whom 32 are elected from among the members of the Institute and 8 are nominated by the Government of India. Sydney. 1949. and has come to occupy a prominent role in our economy and society. 2.IPCC Prospectus 1.1 The Accountancy Profession Over the years. Riyadh. 6. Nigeria. . Information Systems Audit. Production of Education programmes on selected areas covered by the curriculum for telecasting on the Gyan Darshan Channel.IPCC Prospectus programmes relating to the education of students pursuring Chartered Accountancy course. maintains liaison with the students’ associations and their branches and motivates them to organise various educational activities. General Management & Communciation Skills Programme and Information Technology Training. Organizing Tele-conferencing programmes on various topics of Chartered Accountancy Course. Preparation of E-learning and web-based learning materials such as interactive CDs on selected topics relevant to curriculum. It also organises students seminars. International Trade Laws and WTO. Board of Studies also lends technical support to various committees. Organizing oral coaching classes (Revision/Intensified) at various centres. Board of Studies also conducts Orientation Programme. The mission of the Board of Studies is to provide a strong foundation of knowledge.2 The Institute also conducts post-qualification courses through its committees. with the assistance of Regional Councils and Branches. Publication of booklets on various aspects of Self-development such as Personality Development. quiz contests and elocution contests. etc. CPT. are also prepared on a regular basis. Communication Skills. skills and professional values that enables them to grow as wholesome professionals and adapt to changes throughout their professional career. Time and Stress Management. Periodical Supplements. In addition. Preparing for Examinations. conferences. Public Speaking. Insurance and Risk Management. Tax Management. Suggested Answers. PCC/ IPCC and Final and their distribution to students registered for various courses through regional offices and select branches. • • • • • • • 2 . The following are the main activities carried out by the Board of Studies on a continuous basis: • Preparation and continuous revision of comprehensive study material covering all the subjects prescribed for study for the students undergoing the Chartered Accountancy courses viz. etc. Other educational inputs as an effective aid for students like. 3. Publication of the monthly Journal – ‘The Chartered Accountant Student’. Delivering lectures to the students in classes/crash courses organised by Regional Councils/ Branches. Corporate Management. These are on Management Accountancy. Besides the above. Revision Test Papers. Encouraging young talented students having aptitude for accounting education to make an early entry to the profession. Technical Guidance Notes and other relevant literature to clarify issues and provide guidance to members. Imparting an upgraded Information Technology Training. 4. Facilitating additional courses of study during articleship training. Globalizing chartered accountancy education through organisation of education and training abroad. Evolving business also demands newer skills from the accounting professionals. Providing lectures on all subjects of the Chartered Accountancy Course through Gyan Darshan Channel. Arbitration and Valuation. The Auditing and Assurance Standards Board issues Auditing and Assurance Standards and other Guidance Notes to provide guidance to members. Scheme of Education and Training The Institute of Chartered Accountants of India periodically reviews its scheme of education and training to remain in tandem with developments in the field of education and other changes at the national and global levels. International Financial Reporting Standards. Accordingly. Derivatives. Accounting Standards and Statements. Continuing Professional Education Directorate is engaged in conducting continuing professional education for Chartered Accountants.3 The ICAI also organises Certificate Courses for members. It organises technical conferences / seminars / residential courses in various parts of the country and abroad to enable the members to update and sharpen their professional knowledge and skills through the process of active interaction and open exchange of ideas and perspectives. Helping students in acquiring professional ethical values and attitudes. These are on Enterprise Risk Management. the present scheme of education has been designed and implemented from December 10. Forex and Treasury Management.5 4. Providing quality classroom education through accredited institutions. Corporate Governance.1 Objective of the Present Scheme The present scheme emphasizes on – • • • • • • • • • Instituting a uniform and compulsory entry level test – the Common Proficiency Test for all the students joining IPCC-ATC. International Taxation. Complementing theoretical education by appropriate modules of practical training. The Accounting Standard Board of the Institute regularly prepares and publishes.IPCC Prospectus 3.4 3. and 3 . 3. Master in Business Finance. 2008. 4 . In order to develop a strong theoretical base.2. while at the Final level.. Mercantile Laws. which is held twice in a year in June & December. This balanced approach helps the students to appreciate the underlying practical applications of the theoretical education scheme. students of IPCC have to undergo nine months study course.1 Common Proficiency Test (CPT) It is an entry level test for Chartered Accountancy course. This test is of 200 marks.2. General Economics and Quantitative Aptitude with an objective to test the basic knowledge in these subject areas. It is a test of four subjects i. Subjects to be studied in CPT are as follows: • • • • Fundamental of Accounting Mercantile Laws General Economics Quantitative Aptitude 4.e. advanced application knowledge of core and allied subjects is being inculcated. A student would undergo theoretical education and three years of practical training after passing Group-I of IPCC/Accounting Technician course.2 Inculcating analytical ability among the students through case studies. Accounting. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. CPT is an objective type test with negative marking.IPCC Prospectus • 4. students are imparted 100 hours Information Technology Training (ITT) and have to undergo 35 hours Orientation Programme before the commencement of articled training. This test is divided into two sessions of two hours each with a break in between. Different stages in Chartered Accountancy Course 4. Since proper understanding of the modern world necessitates knowledge of present day technology and skills.2 Integrated Professional Competence Course (IPCC) The next step after CPT examination is IPCC. In IPCC curriculum only working knowledge of core and allied subjects relevant to accountancy profession is instilled. 4. It is to be noted that Group I of IPCC is equivalent to ATC.4 Final Course The last leg of the Chartered Accountancy course is Final course. business environment and corporate governance. auditing and professional ethics.2. Imparting basic knowledge of e-filing under the company law leading to development of advanced knowledge of e-governance at the final stage. he will also be required to complete 12 months of work experience. a student has also to complete General Management and Communication Skills (GMCS) Course. group dynamics and developing knowledge of business meetings and legal documents. leadership style. Upgraded modules of Audit and Assurance. systems control.Optional A candidate may opt for Accounting Technician Course. 4. Upgraded module of Information Technology linked to the 100 hours Information Technology Training. Cost Accounting and Financial Management. 35 hours Orientation Programme and 100 hours ITT before appearing in Accounting Technician Examination (ATE). While undergoing final course.2. strategic finance and advanced management accountancy. • • • • • 5 . Such a candidate has to undergo a study course of nine months. corporate laws. which has been designed to impart expert knowledge in financial reporting. Updated knowledge of business communication through modules of developing soft skill.icai.3 Accounting Technician Course (ATC) .IPCC Prospectus Integrated Professional Competence Course: Highlights • • • Improved knowledge of accountancy linked to accounting standards to build strong foundation for developing knowledge of Financial Reporting at the Final stage. The syllabus of the final course is hosted on Institute’s website www. Inculcating ethical values through a module of Business Ethics. After passing Accounting Technician Examination (ATE). A candidate who does not wish to complete erstwhile Intermediate/ PE-II/PCC/IPCC can opt for the Accounting Technician Course. Building knowledge of business strategies.org. taxation. as per the guidelines of the Council and on production of a certificate to this effect he will be issued Accounting Technician Certificate. Introducing Service Tax and VAT as special module with the purpose of strengthening knowledge of indirect tax. • Appear in IPCE/ATE on completion of 9 months of study course one day prior to the month in which the examination is to be held • Join articled training after passing Group I of IPCC. Join IPCC/ATC after passing CPT and 10+2 examination. as the case may be.. (ii) (iii) 6 . following are the requirements for becoming a Chartered Accountant (i) Enrol with the Institute for Common Proficiency Test after passing class 10 th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.IPCC Prospectus Common Proficiency Test (CPT) replaces Professional Education (Course -I) Integrated Professional Competence Course 100 Hours Information Technology Training at IPCC Level replaces PE-II/Professional Competence Course 100 Hours Information Technology Training at PE-II/PCC level replaces 3 years of articled training after Passing Group-I of IPCC replaces 3½ years of articled training at PCC level Final (New) Course replaces Final (Old) Course In nutshell. • Clear Group II of IPCC if not done earlier. viz. students registered on or before 1st April/1st October will be eligible to appear in June/December examination. Appear in CPT examination after appearing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto (refer Annexure VII) and after completion of specified period (60 days) from the date of registration for CPT with the Board of Studies and first day of the month in which the examination is to be held. • Undergo Orientation Programme • Complete 100 hours ITT • Students are advised to undergo Orientation Programme and complete 100 hours ITT at the earliest and compulsorily before commencement of their articleship. a student has to join three years of practical training.e. Collect study material of the Final course and prepare for the Final examination. It is complemented by orientation programme. Payment of fees is to be made as per detailed chart given as Annexure . IPCC has replaced Professional Competence Course (PCC) and it comprises of six subjects and seven papers of 100 marks each. IPCC is composed of two levels viz. and Group II. The first stage of theoretical education i. Student has to register and undergo orientation programme and 100 hours ITT at any time after registration to IPCC. Pass final examination and complete GMCS. Group I and ATC or ATC and/or Group II or Group I and Group II or for all the levels.1 Eligibility requirement for registration A student who has passed Common Proficiency Test and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto (refer Annexure VII) may join the Integrated Professional Competence Course or may opt for Accounting Technician Course. 100 hours information technology training and three years of practical training. They shall have to complete the same before commencement of articled training.2 Registration and Tuition Fees A candidate may opt for registration for Group I or ATC. Enrol for membership. (vi) (vii) 5. on passing either Group I or both the groups of IPCE.I 5. Group I. 5.IPCC Prospectus (iv) Join CA Final Course: • • • • After passing IPCE register for Final course with the Board of Studies. if not completed earlier. (v) Appear in the final examination on completion of the practical training or while serving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held. Undergo General Management and Communication Skills (GMCS) course while undergoing Final course. In addition.3 Registration Procedure A student should submit filled in registration form for Integrated Professional Competence 7 . and Complete articled training of 3 years. 5.Integrated Professional Competence Course and Final Course. Integrated Professional Competence Course (IPCC) Chartered Accountancy Course is a two staged programme . The 100 hours ITT has been linked to theoretical knowledge imparted through Paper on Information Technology. should enclose the following: 1) 2) Demand Draft/Pay Order towards IPCC registration fee. He has to complete 100 hours ITT before commencing his articled training. IMPORTANT: Students. While taking admission to 100 hours ITT and Orientation Programme with regional/branch office.org. the concerned decentralized office will issue study materials for Group I and/or Group II or IPCC/ATC. The 100 hours ITT are carried out through Regional Councils and Branches of the ICAI which would charge a separete fee of ` 4. These forms can also be downloaded from Institute's website www. In addition. Data base Management System. • • • 8 .IPCC Prospectus Course or Accounting Technician Course supplied alongwith Prospectus available at sale counters of decentralised offices. The decentralized office will also issue registration letter. Web-technology and System Security and Maintenance are strengthened. As soon as the Original CPT marks statement is received. an attested copy of the same is to be submitted to the Regional Office without fail for procedural compliance). On receipt of filled in form and the requisite fee. duly attested by a Chartered Accountant/Gazetted Officer/Head of the Institution. a student is required to produce a copy of the registration letter. Attested copy of 12th pass or its equivalent Central Government recognised examination pass marks statement (refer Annexure VII). while submitting IPCC registration form at concerned Regional office.icai. knowledge of Electronic Spread Sheet. Attested copy of CPT Pass marks statement (students are advised not to wait for CPT marks statement to be received from Examination division for registration to IPCC but proceed for IPCC registration with attested copy of down loaded CPT marks statement. Attested copy of Proof of Date of Birth: Class 10th admit card and/or 10th marks statement/10th Pass Certificate indicating Date of Birth. an updated version of the computer training programme relevant for the professional practice has been designed. Highlights of the present computer training programme are as follows: • • The 100 hours ITT is moduled in 20/25 days @ 5/4 hours per day on full time basis.000. It has been planned to synchronize theoretical knowledge with practical training. The training components would focus on application softwares relevant for accounting and auditing. 3) 4) 5.4 100 Hours Information Technology Training (ITT) Under the present scheme of education and training. The contents of subjects and papers of Group I of IPCC and ATC are same. Office Procedures. (Prescribed Dress Code: Male Students: Full Sleeves Shirts and Trousers. and he has completed 100 Hours Information Technology Training or Computer Training Programme at any time but.6 Admission to Integrated Professional Competence Examination. The topics dealt under the programme are: Personality Development. A student can study and appear in the examination group-wise or both the groups together. 5. Lady Students: Sarees/Salvar Kurta/Suit). The subjects of IPCC are classified into two groups. as may be fixed by the Council.IPCC Prospectus • Students while undergoing Orientation Programme & Information Technology Training (ITT) Programme should invariably maintain discipline and decorum apart from adhering to dress code. duration in order to be eligible for joining articled training. he produces a certificate to the effect that he has undergone a study course.5 Orientation Programme The candidates registered for Integrated Professional Competence Course/Accounting Technician Course are required to complete the Orientation Course of 35 hrs. (b) (c) (2) A candidate for the Integrated Professional Competence Examination shall pay such fees. Branches and Chapters of the ICAI which would charge a separate fee of ` 3. before joining for articled training.000/-. for a period not less than nine months as on the first day of the month in which the examination is held. Fees and Syllabus (1) A candidate shall be admitted to Integrated Professional Competence Examination if: (a) he is enrolled for the relevant level(s) of the Integrated Professional Competence Course/Accounting Technician Course. Business Environment and General Commercial Knowledge. 5. Communication Skills. The Orientation Programme is carried out through Regional Councils. (3) 9 . 7 Subjects for study Six subjects and seven papers of study in IPCC are – Group I Paper 1: Paper 2: Accounting (100 marks) Business Laws. The detailed contents of the syllabus are given in Annexure – III. 5.IPCC Prospectus 5. revisionary test papers and suggested answers to the questions set in various examinations.9 Modes of imparting theoretical education The Board imparts theoretical instruction through correspondence method (distance education) to the students of the CPT course.8 Study Package The Board of Studies provides a comprehensive study package for all subjects. IPCC. information technology training modules and training guide. Ethics and Communication Part I: Business Laws (60 marks) Business Laws (30 marks) Company Law (30 marks) Part II: Ethics (20 marks) Part III: 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: Paper 6: Paper 7: Advanced Accounting (100 marks) Auditing and Assurance (100 marks) Information Technology and Strategic Management Section A: Information Technology (50 marks) Section B: Strategic Management (50 marks) The level of knowledge expected of students in the above subjects is ‘working knowledge’. A wide array of modern methods are also used for imparting theoretical education which include- 10 . 5. ATC and Final course. IPCC. Lectures through Gyan Darshan channel at regular interval. A candidate who has passed in any one but not in both the groups either of the Intermediate Examination or Professional Education (Examination – II) or Professional Competance Examination is granted exemption from passing the corresponding paper(s) in IPCE. He/she is declared to have passed the IPCE/ATE. Two different coaching modules are designed for conducting oral coaching classes for PCC/IPCC: Module I Crash Course Module Module II Regular Course Regular course comprising 2 hours per day Total teaching hours: 350 Module of 175 days Fees to be charged for different modules will be fixed by the accredited institutions. the Board of Studies organizes classroom lectures through its Regional Councils and Branches. (i) A candidate shall ordinarily be declared to have passed in both the groups simultaneously. 5. 11 .10 Requirements for passing the IPCE/ATE A candidate may appear in both the groups simultaneously or in one group in one examination and in the remaining group at any subsequent examination. (Refer Annexure – V).IPCC Prospectus • • • CDs in e-book form on various topics of CPT. ATC and Final Course. and Guidance through [email protected]. In addition. A list of accredited institutions which are presently imparting oral coaching for Professional Competence Course/ Integrated Professional Competence Course is given in Annexure – IV. or secures at one sitting a minimum of 40 per cent marks in each paper of both the groups and a minimum of 50 per cent marks in the aggregate of all the papers of both the groups taken together. Crash course comprising of 100 days 3 hours per day Total teaching hours: 300 (b) (ii) A candidate shall be declared to have passed in a group if he/she secures at one sitting a minimum of 40 per cent marks in each paper of the group and a minimum of 50 per cent marks in the aggregate of all the papers of that group. as well as accredited institutions. if he (a) secures at one sitting a minimum of 40 per cent marks in each paper of each of the groups and minimum of 50 per cent marks in the aggregate of all the papers of each of the groups. if he/she passes in both the groups. 2010 May. Group-I & Group II. Note: The students who are registered for Group-I or ATC. Group-I and ATC. 12 . ATC students. 2009 November. Group I and Group II. Both Groups & ATC on or before 1st February will be eligible to appear in November Examination of that year. Group-I & Group II. December 10. Group-I & ATC. Group-II. First Examination for Integrated Professional Competence Course (Group-I or ATC. Group-II & ATC. will be eligible to appear in the next May Examination only. however. a student who has been granted exemption in a paper or more than one papers of Professional Education (Examination – II) or Professional Competance Examination under Regulation 37A (7) or 37B (6) of the Chartered Accountants Regulation 1988. Both Groups and ATC Last Professional Education (Examination–II)[For students joining Professional Education (Course – II) after passing Foundation/PE-I irrespective whether such students have exhausted 5 consecutive attempts or not] Switch over facility from PE-II to IPCC is available to this category of students. Group-I & ATC. students registered between 2 nd February. 5. Last Professional Education (Examination–II)[For students joining Professional Education (Course – II) on the basis of their degree examination] Switch over facility from PE-II to IPCC is available to this category of students also. and 30 th June. Group-II. However. is granted exemption in the corresponding paper in IPCE.11 Schedule for the New Scheme Implementation Schedule for Integrated Professional Competence Course/Accounting Technician Course Date of commencement of registration for Group-I or ATC. Group-II. A student shall be eligible to join articled training after passing Group I and Group II of IPCC or after passing Group I of IPCC/ATC only. 2008 May. Group-II & ATC. Group-II and ATC. 2012 5. need to complete orientation programme and 100 hours ITT before appearing for ATE. 2010 November.12 Period of Articled Training A student who is registered for Both Groups of Integrated Professional Competence and has passed Group I of IPCC/ATC and has completed ITT and Orientation Programme can join 3 (three) years of articled training under a practising chartered accountant. Both Groups & ATC) Last Professional Competence Examination for students of Professional Competence Course / students switched over from Intermediate/PE-II Course.IPCC Prospectus In addition. 2010 decided to give following relaxation/ extension in completion of Orientation Programme and Information Technology Training (ITT) in respect of different streams as given below: Category of Students Nine months study course period in IPCC (As per the Announcement dated February 5.13 Relaxation from undergoing Orientation Programme and extension of completion date of Information Technology Training (ITT) under Integrated Professional Competence Course (IPCC) The Council at its 297th meeting held in August. 2010) Sl.No.IPCC Prospectus 5.II) and then converted to Integrated Professional Competence Course (IPCC) B Students who have initially registered for the Professional Education (Course – II) and then switched over/ switching over to Integrated Professional Competence Course (IPCC) Exempted on the basis of having completed minimum period of nine months from the date of registration for Intermediate Course Produce ITT completion certificate at the time of registration for Final Course 2 Produce ITT completion Exempted certificate at the time of joining for articled training or if the articled training continuing/ completed produce ITT completion certificate at the time of registration for Final Course (CCT completed earlier is valid in IPCC also) C Students who have Exempted on the basis of Produce ITT completion Exempted initially registered for the having completed minimum certificate at the time of Professional Education period of nine months either rejoining for balance period (Course – II) and then from the date of registration of articled training or if switched over to in Professional Education the articled training Professional Competence (Course – II) or completion continuing. produce ITT Course (PCC) and then to of nine months after joining completion certificate at Integrated Professional the Professional Competence the time of registration for Competence Course Course or completed nine Final Course(CCT (IPCC) months study course period completed earlier is valid in in IPCC IPCC also) 13 Exempted on the basis of having completed minimum period of nine months from the date of registration for erstwhile Intermediate/ Professional Education (Course – II) or completed nine months study course period in IPCC Exempted on the basis of having completed minimum period of nine months either from the date of registration in Professional Education (Course – II) or completed nine months study course period in IPCC Produce ITT completion Exempted certificate at the time of registration for articled training (CCT completed earlier is valid in IPCC also) . Information Technology Training (ITT) in IPCC Orientation Programme in IPCC Exempted 1 Students who have registered for the erstwhile Intermediate Course and completed their articled training and converts to Integrated Professional Competence Course (IPCC) A Students who have registered for erstwhile Intermediate and then appeared in Professional Education (Examination . Practical Training/Work Experience/Articled Training* The unique requirement of practical training/work experience/articled training is instrumental in shaping a well-rounded professional to ensure that students have an opportunity to acquire on-the-job work experience of a professional nature. produce ITT completion certificate at the time of registration for Final Course NO EXEMPTION Complete ITT before Complete Must complete nine months registering for articled Orientation study course period as on training Programme the first day of the month in before which examination is held registering for articled training 6. * Refer to Training Guide for details. A student who has passed Group I and Group II in one sitting or Group I can join three years of articled traning. and • Develops ethical values. Category of Students Nine months study course period in IPCC (As per the Announcement dated February 5. Such a practical training: • Inculcates a disciplined attitude for hard work. The period of such industrial training may range between 9-12 months during the last year of the prescribed period of practical training. The entire period of practical training can be served with a practising member or it can be served partly with a practising member and partly in an approved industrial establishment as an Industrial Trainee. • Develops necessary skills in applying theoretical knowledge to practical situations. • Provides exposure to overall socio-economic environment in which organisations operate. Only students of final chartered accountancy course are eligible for industrial training.No. 2010) Information Technology Training (ITT) in IPCC Orientation Programme in IPCC 3 Students who have registered initially for Professional Competence Course and then switched over to Integrated Professional Competence Course (IPCC) Exempted on the basis of having completed nine months after joining the Professional Competence Course or completed nine months study course period in IPCC 4 Students registered for Integrated Professional Competence Course Produce ITT completion Exempted certificate at the time of rejoining for balance period of articled training or if the articled training continued. 14 .IPCC Prospectus Sl. Thus. integrity.1 Objectives of training programme The main objectives of the training programme include the following: (i) Acquisition of adequate theoretical knowledge: The objectives of the theoretical education meant for the chartered accountancy course are • • • to impart necessary technical knowledge in relevant fields. Practical training. Such a theoretical knowledge can be supplemented by the firm directly by organising group meetings. Apart from virtues of independence and integrity. and to inculcate a professional and ethical approach. encompassing sufficient range and depth of work experience. The ability to develop solutions to practical problems through application of theoretical knowledge is acquired by the trainees in the course of their practical training. objectivity and hard work of individual members of the Institute contribute to the position and prestige of the whole profession. The Principal ensures on a day-to-day basis that trainees acquire and assimilate adequate theoretical knowledge with a view to providing strong foundation for building up of a professional chartered accountant. The sincerity. to build up necessary comprehension and analytical skills. Imbibing due professional orientation: Practical training imparted by a firm of chartered accountants must aim to endow due professional orientation amongst trainees. The primary responsibility of imparting theoretical education rests with the Board of Studies through distance learning mode. enables a trainee to acquire knowledge and skill by participation in activities performed by professional accountants. (ii) Developing skills in applying theoretical knowledge to practical situations: A professional accountant is not only required to acquire necessary theoretical knowledge but also to possess necessary skill to apply that knowledge to practical problems encountered by him. Inculcating a disciplined attitude: Practical training scheme also has the effect of disciplining and conditioning the mind of the trainee so that he gets attuned to the work environment and learns the virtues of patience and methodical work. inter-firm/ intra-firm meetings. Ability to communicate and articulate effectively with the client must also be developed as a part of the training programme. Developing ethical values: Practical training also helps the trainees to develop professional competence and related skills as also to acquire certain ethical values 15 (iii) (iv) (v) .IPCC Prospectus 6. a training programme must blend theoretical knowledge and practical training. trainees must imbibe professional orientation towards clients and social consciousness. etc. 2. reviewing the arrangements for instructions. 6. it is imperative that he must be acquainted with the role of a chartered accountant and the code of ethics.IPCC Prospectus and norms expected of professional accountants. (The effect of releasing trainees from assignments for courses or study leave must be taken into account).2 Design of training programme 6. an assessment of the partners and staff with the experience. The training programme is planned to ensure that the above components are included therein.2 In designing the training programme. (iii) (iv) (v) (vi) 6. skills and qualifications needed to undertake the work and to provide supervision to trainees. are considered in detail in later paragraphs.g. particularly experience needs to be supplemented by theoretical training. by secondment etc. The period for which trainees will be available for work. Such an assessment will ensure that the training programme is relevant to the needs of the trainees and the firm. will become a member of the Institute. availability or otherwise of senior trainees for supervising the work done by junior trainees. Since the trainee. The above components which are integrated into a logical sequence and which will provide trainees with the skills expected of them.2. and whether there are any deficiencies in the work experience available to trainees and how these may be overcome e. 16 . the following components are considered simultaneously so as to make it meaningful: (i) (ii) (iii) (iv) Categories of work experience In-house theoretical training Development of professional attitude Phasing of training programme. on completion of practical training and on passing the examination. type and total amount of work generated by the firm. The following factors may be considered in this context: (i) (ii) a review of the timing.1 The Member Incharge of Training (MIT)/Principal may make a detailed assessment of the training environment so as to identify the areas in which the firm must provide training and the contribution which the firm can expect from trainees. IPCC Prospectus 6. if any. etc. 17 .3.2. and further assignments selected to broaden the trainee’s experience which will not necessarily be repeated. are fulfilled and that application of practical techniques to the circumstances of individual clients is properly understood.3 Categories of work experience 6. Ensuring that any in-house theoretical training is integrated with practical work experience.3 While considering integration of various components of a training programme the following elements are noteworthy: (i) Assigning progressive work experience commensurate with the expanding abilities of the trainees around:a number of ‘core’ assignments for each trainee. Ensuring that work experience is preceded and backed by practical instruction including briefing before each assignment to ensure that the requirements of Accounting Standards and Auditing Standards relevant to the business of the auditee. (iii) (iv) (v) (vi) 6. Assigning higher levels of technical and supervisory responsibility and client contact designed to ensure that personal and managerial skills are developed. which will update the Trainees/Students with latest knowledge and developments.1 The categories of work experience are generally grouped as under: Accounting Auditing (including internal audit) Taxation (direct and indirect) Information technology Management services (including services in the field of financial management and corporate affairs) Other areas. Ensuring that professional attitude and an understanding of professional ethics are developed by all trainees. (ii) Designing a study plan to ensure that trainees are fully prepared to take examinations for which they are eligible. EDP audit. management audit and certification work: Preparing audit programmes Audit working papers and documentation Understanding. Central Sales Tax. State Sales Tax. etc. Tax planning Drafting of relevant deeds. tax audit. manual or computerised Preparing final accounts Application of statutory provisions. etc. securities. for the purpose of various direct tax laws e. etc. Income from Capital Gains. VAT.IPCC Prospectus 6. Valuation of stocks. (ii) Auditing includes statutory audits. compliances of Accounting Standards and other pronouncements of the Institute. 18 .g. audit of various type of business and nonbusiness organisations.2 The aforesaid areas generally include the following: (i) Accounting includes Financial Accounting and Management Accounting: Maintaining of books of accounts. Analysis and interpretation of financial statements Preparing and reviewing budgets Preparing and reviewing fund flow and cash flow statements. Preparation and filing of returns under various indirect tax laws like Excise Law. Expenditure Tax. etc. Wealth-tax etc. recording and evaluating internal control system Performing substantive audit procedures Scrutinising financial statements Compliance with auditing and assurance standards Drafting audit report (iii) Taxation includes both direct and indirect taxes:Computation of total income under Income Tax law Computation of total wealth under Wealth Tax law Preparation and filing of returns under various direct tax laws like Income-tax. etc.3. Service Tax. operational audit. documents. Wealth Tax. internal audit. schemes. IPCC Prospectus Classification and valuation under various indirect tax laws like Excise Law. etc. appeals etc. enterprise resource planning. Developing and maintaining data bases Data extraction and analysis techniques E-commerce – audit and legal considerations System development life cycle Business continuity planning Information security Information systems audit Cyber laws and information technology. etc.g. interest for late payment of taxes. (iv) Information technology including computer applications Use of skills acquired by the students during the 100 hours information technology training in their actual work areas such as: Use of customised or standards accounting packages. tax deduction/collection at source. (v) Management consultancy and other services including services in the field of financial management and corporate affairs such as: Preparation of fund flow and cash flow statements and forecasts Projection of working capital requirements Preparation of project reports Preparation and processing of loan applications Amalgamation and merger schemes Planning capital structure Drafting of Memorandum and Articles of Association Formation of Companies Preparation and analysis of Prospectus Raising of capital. Procedural compliance under various direct and indirect tax laws e. new issues and matters concerned therewith including SEBI Guidelines 19 . The assignment should be discussed with the trainee in advance and he should be informed about the nature of the client’s business. The following steps may be taken in this direction: (i) ensuring that before undertaking new work. regarding the assignment. corporate planning. the trainee should be encouraged to study the audit reports of previous years to acquaint himself with all the relevant facts. a review of the working papers must be conducted in the presence of the trainee and additional work or enquiry should be assigned to the same 20 . work experience in the area of accounting and auditing may not be distinguishable in actual practice as both areas are quite inseparable from each other. if any. For instance. etc. Wherever possible. familiarise himself with various admissible and inadmissible deductions and prepare comprehensive draft tax returns.4.4.2 In the case of an audit assignment. The importance of working papers should also be explained to the trainee. Necessary additional briefing should be given to such trainees who do not possess an educational background like a degree in Commerce.4 Providing effective work experience To make work experience effective. (vi) Other areas may include work study.4. a visit to the client’s works should also be arranged. as a normal part of the supervisory process. skill and understanding required to perform that work effectively. providing any further explanation. etc. Further.3 In the case of a tax assignment. The trainee may be encouraged to study and analyse prior years’ assessments. It is also preferable to assign all aspects of the work to a trainee in progressive stages rather than small portions of unrelated jobs. refer relevant case laws. trainees receive the knowledge. clarifying relevant issues during the review of completed work.4 For achieving maximum benefit.1 The trainee’s academic and other background should be ascertained and the work assigned should be such as would give him new experience. 6. instruction or correction as may be necessary. organisational structure. 6. design and conduct of training programmes. the following procedures may be observed:6. the trainees who have acquired sufficient background of tax laws may be briefed about peculiar features of transactions of a client requiring special tax considerations.IPCC Prospectus Drafting of Minutes Insolvency/Liquidation proceedings. (ii) (iii) 6. the general economic conditions in which client operates and special features. 6.3. 6.4. computers may be used in any of the aforesaid categories of work experience.3 The categorization of work experience as above should not be considered exhaustive or rigid as it is quite likely that working in a particular field may also overlap with other areas. It is not an alternative to work experience and it cannot compensate for any deficiencies in the quality or extent of work experience within the office. 6.1 It is another important component of practical training as practical work experience can be supplemented by arranging in-house theoretical training. A number of trainees can acquire practical knowledge and practise technical skills simultaneously. Such a review would also assist the MIT/Principal in subsequent completion of Training Records. Such training involves laying the foundation of knowledge and skills on which the work experience is built-up. noted by the MIT/Principal can be taken care of while allocating subsequent assignments.5 Review of the work experience by MIT/Principal on a continuous basis would ensure that work performed by the trainee is of requisite standard. The total time devoted by supervisors is reduced as trainees tend to perform better. but should cover all aspects of work in a chartered accountant’s office.IPCC Prospectus trainee. The review gives a good opportunity to transmit to the trainee the benefit of a senior’s skill. (ii) (iii) (iv) (v) (vi) 21 . if any. encourages the trainee to ask questions to appreciate the relationship of his work to the entire assignment and to understand other related aspects of work which might have been overlooked. This may be more cost-effective than providing individual instruction. Theoretical training may be provided by the firm or through a group training scheme organised by two or more firms. It needs little emphasis that work experience should not be confined to particular areas of work. 6. Communication becomes more effective. Deficiencies in the work experience. Some of the advantages may be listed as follows: (i) Sharing of work experience by one set of trainees with another batch leads to enhancement in overall level of knowledge.4.5 In-house theoretical training 6. Trainees can be exposed to latest developments in the field and asked to apply these developments in real life situations. Group-discussion and presentation by trainees in the presence of MIT/Principal not only helps in sorting out ticklish points of a particular client but also in broadening the vision of trainees.5. In brief. experience and knowledge and when conducted on a friendly basis. it induces the trainee to understand the “why and how” of the matters under consideration. 6. and Flow-charting internal control system. Analytical review of accounts.IPCC Prospectus 6.4 The Institute has set up its own computer centres at regional offices viz. Preparation of working papers. The current minimum rates of monthly stipend payable. are as follows: Stipend payable per month Classification of the normal place of service of the articled assistants During the first year of training ` 1. It is suggested that firms may encourage trainees to avail of the facilities provided at these centres wherever possible. Hands-on computer training. accounting.500 ` 1. Such formation of groups would be both economical and effective. Cities/Towns having population of 20 lakhs and above Cities/Towns having population of 4 lakhs and above but less than 20 lakhs Cities/Towns having population of less than 4 lakhs ` 500 ` 750 ` 1.5. from time to time.5. Kolkata.000 ` 750 During the second year of training ` 1. student training records.5. 2. Mumbai. 3. Chennai. 6. 2006 A person registered as an articled assistant is entitled to receive a minimum monthly stipend as per the rates specified under the Chartered Accountants Regulations. depending on the situation of the normal place of service of the articled assistants. for example: Preparation of statutory accounts. the Institute (in particular its ethical standards). 6. basic book-keeping. theory of auditing and taxation.000 22 .6 Stipend to articled assistants applicable on or after June 1.2 A theoretical training programme would include the following :An induction course for new trainees introducing the office.000 During the remaining period of training ` 1. Periodic courses throughout the training period. Basic supervisory skills.250 ` 1.3 In-house theoretical training may be carried out internally by firms or by groups of firms where the size of each such firm does not permit conducting the training programme individually. Kanpur and Delhi with a view to providing education and training to its students and members in computer applications.250 1. ii. or after 7. 1988 an articled/ audit assistant cannot take up any other course of study or training. whether academic or professional. an articled assistant may be required to work beyond his/her normal working hours. the 23 6.1 During the working hours. college timings of such course should not be such (after taking into account the time required to commute) which clash with the normal working hours of the articled training. To ensure that the working hours do not clash with the graduation or any other course.112. .2008 and undergoing graduation or any other course and who has obtained specific permission shall not be required to obtain the specific permission from the ICAI by submitting Form No. 2008 shall now be required to obtain specific permission from the ICAI for pursuing graduation or other course as permitted under the Chartered Accountants Regulations by submitting Form No. The permission may be granted to an articled/audit assistant.7.7 Permission to pursue other courses of study including guidelines on working hours Under Regulations 65 and 78 of the Chartered Accountants Regulations. the articled assistant is not permitted to attend college/other institutions for pursuing any course including graduation. shall be counter-signed by the concerned Principal of the college with the seal and stamp of the College and also indicating the telephone number/s and full address of the College.4. The normal working hours for the articled assistants shall not start after 11. Working Hours i.00 P.5 6.7.IPCC Prospectus 6. his/her articleship period shall not be recognised. 112 indicating college timings etc.4 6.M. pursued by the articled assistant.7. or end before 5. within one month from the date of joining the college or course to the ICAI.6 v.2 6. if any. Permission to pursue other courses 6.00 A.3 6. The Certificate in Form No. In case of the exigencies of work. The working hours for the articled assistants should not exceed 35 hours in a week excluding the lunch break and normally an articled assistant be required to work during the normal working hours fixed for articled assistants.7. excluding the lunch break. each articled assistant registered on or after 1st April. In case a student does not comply with the above requirements or violates any of the above guidelines. under such circumstances. iv.7. for pursuing one additional course of study at a time during the period of practical training on submission of request in the prescribed Form. without prior permission of the Council.112 and the permission so granted shall continue to be valid. The articled assistant registered prior to 1.00 P. Accordingly.M. iii. The working hours for the articled assistants shall be 35 hours in a week.00 A.M. However.7. The office hours of the Principal for providing articled training to the articled assistants shall not generally be before 9.M. 1988 which provide as under:Regulation 60: Working hours of an Articled Assistant “Subject to such directions as may be issued by the Council. during the period of his service as an articled assistant. 6. The Executive Committee may. may cause an investigation to be made. no articled assistant shall. make any of the following orders. direct that the papers be filed and the complaint be dismissed. as the Executive Committee may decide from time to time. shall not. 24 . over and above. reprimand the articled assistant or cancel the registration of articles or direct that any period already served under such articles shall not be reckoned as service for the purpose of the period of practical training specified in Regulation 50. (2) ii. (3) The articled assistant. Further. the registration of whose articles has been cancelled under this regulation.IPCC Prospectus aggregate number of working hours shall not exceed 45 hours per week. if the Executive Committee finds that the articled assistant is not guilty of any misconduct of breach of Regulation 65 or breach of any of the covenants contained in the articles. The requirement to work beyond 35 hours in a week should not be a practice but only in exceptional circumstances. and aggregate of such hours exceed 35 hours per week. whether academic or professional. on a consideration of the report of the investigation and after giving the articled assistant an opportunity of being heard.” Regulation 66: (1) Enquiries against articled assistant Where a complaint or information of any misconduct or breach of Regulation 65 or breach of any of the covenants contained in the articles is received against an articled assistant from his principal or any other person. the working hours of an articled assistant shall be 35 hours per week to be regulated by the Principal from time to time”. he/she shall be entitled to compensatory leave calculated with reference to number of completed working hours. where the articled assistant is required to work beyond normal working hours. except with the permission of the Executive Committee be retained or taken as an articled assistant or audit assistant by any member”. take any other course of study or training. Regulation 65: Articled Assistant not to engage in any other occupation “Without the previous permission of the Council. or if the articled assistant is found guilty. namely. obtained on application made in the approved form. attention is invited to the Regulations 65 and 66 read with Regulation 60 of the Chartered Accountants Regulations.7.7 In this connection. or engage in any business or occupation.i. 35 hours per week. the President or the VicePresident. to the regional/branch office of the ICAI selected by the student where he intends to undergo 100 hours ITT. preparing results and submitting the list of eligible candidates to the Board of Studies. The detailed contents of the training programme are given in Annexure – VI. marking. project and final online examination.000 for the 100 hours ITT as it was charged alongwith registration.2) are exempted from undergoing 100 Hours ITT with accredited Regional offices/branches of the ICAI. library fee. tuition fee and other fees at the time of admission to PCC and registration of articled / audit training.IPCC Prospectus 7. Students of PE-II/PCC. 100 hours Information Technology Training (ITT) A student is required to undergo 100 hours ITT before commencing their articled training.1 Registration for the scheme Students who have already registered themselves for Professional Education (Examination – II)/Professional Competence Examination and intend to switch over to IPCC need not pay registration fee of ` 2. 7.2 Duration The fresh batches shall start in the first week of each month.000/. Differently abled students (the meaning of which is explained in Para 9. It also includes the cost of evaluation. The structure of ITT is as follows: Online examination ( 3 hours ) Project Report Module tests Pass marks 60 marks 20 marks 20 marks 60 marks Existing students of Intermediate/Professional Education (Course–II)/Professional Competance Course who have not yet undergone 250 Hours Compulsory Computer Training/ 100 Hours ITT may complete the same during the study course of 9 months.6. module tests. ICAI. The training programme is for a period of 20/25 days @ 5/4 hours per day. Students should note that they must undergo 100 hours ITT with the accredited regional offices/branches of the 25 . 7. They have to self-study the course materials and pass two specially designed test papers as per the requirements stated in Paragraph 7. Noida and regional offices for issuance of completion certificate. The course fee includes cost incurred by the regional offices/branches of the ICAI for supplying courseware as well as the cost of registration for the course. Fee payable to the accredited regional office/branch of the ICAI for undergoing the computer training: A student has to pay a fee of ` 4. who have already completed 100 Hours ITT and wish to join IPCC are not required to undergo 100 hours ITT. computer and internet usage charges and cost of conducting training. The weightage of the project is 20%. Attendance: The accredited regional offices/branches of the ICAI shall maintain a proper attendance record.1 Module tests: Each student is required to pass two module tests. A student should not appear for the final online examination before he/she completes the minimum training period prescribed in the training programme.4.org. 7.2 Project: Each student is required to prepare a multi-disciplinary project of 100 marks covering all aspects of the syllabus. A student is required to have minimum 90% attendance. While undergoing 100 hours ITT. A written consent of the Centre Incharge of the accredited regional office/branch of ICAI is to be obtained by the student for this purpose. 7.3 Course Material The Board of Studies of the ICAI has developed its own course material. the student is required to pay a nominal fee of ` 150/. Students are advised to study the appropriate course modules in detail before the relevant classes are conducted by the accredited regional offices/branches of the ICAI.4.IPCC Prospectus ICAI wherein they have registered for a minimum period of 20/25 days @ 5/4 hours per day or any other equivalent module covering 100 hours. a student should remain in regular touch with the centre head of the accredited regional offices/branch of the ICAI.3 7. he is allowed to complete balance period of training alongwith the next batch.per test. The course material is made available to the students at the time of registration with the decentralized office. which is used by all accredited regional offices/branches of ICAI during the training. if a student needs to take a break due to unavoidable circumstances. The Chairmen of the accredited Regional offices/ branches of the ICAI are also communicated about any change in the guidelines. The students should submit the project at the concerned accredited regional offices/branches of the ICAI. In case a student fails to do so. Eligibility for final online examination: After undergoing the training for specified duration. one reappearance for each test may be allowed free of cost. A student has to complete training uninterruptedly. accredited regional offices/branches of ICAI may provide lecture notes.4 26 . 7. For any additional reappearance. In addition. Such changes are also hosted on the Institute’s website www.4 Training details Accredited regional offices/branches of the ICAI will carry out 100 hours ITT as per the detailed course contents provided by the Board of Studies. The Board of Studies announces from time to time any change in the guidelines for 100 hours ITT through Students’ Journal – “The Chartered Accountant Student”. However. a student becomes eligible for the final online examination only if he fulfills the following criteria: 7. These tests carry 20% weightage.icai.4. 7. The accredited regional offices/branches of ICAI carry out the evaluation and moderation of test papers. A student is required to pass two module tests by securing at least 50% marks in individual test. They will ensure that all modules are taught as per the time duration specified in the syllabus.4. to the accredited regional office/branch of ICAI for every additional attempt. duration comprising of 200 questions. a student is required to go to the designated accredited regional office/branch of ICAI and take the examination on-line. he has to appear for the online examination within four months.IPCC Prospectus (i) (ii) (iii) (iv) 90% Attendance. The evaluation is also done on-line. he may be allowed to reappear for on-line examination for two more attempts.A. The final examination is held in an on-line mode on last Sunday of the month to be conducted by the accredited regional offices/branches of the ICAI. he is expected to complete the paper without any break. 7. A student would not be allowed to exceed the allotted time. Students’ Information Technology Training Course”. if a student fails to secure 60% marks even after three attempts.6 Passing percentage for 100 hours ITT : 60% in aggregate taking into account module tests. An alternative scheme has been designed as described below: 27 .4. he may have to pay a nominal fee not exceeding ` 300/. Submission of the project. However. The total number of questions generated for each topic must be in accordance to the total number of hours of training allocated to that topic. The nomenclature of the programme is “C. 7.6 100 hours ITT for differently abled students The Institute has exempted differently abled students from undergoing 100 hours ITT with the accredited regional offices/branches of the ICAI. project and final examination. Clearance of the two module tests.5 Certification Training completion certificate as well as passing certificate is issued by the concerned regional council of the ICAI. The allocation of marks are as follows: Module tests Project Final on-line examination : 20% : 20% : 60% In case a student fails to secure 60% marks in the aggregate. and Payment of full fee. Once the student commences the examination. Once a student becomes eligible. On the day of the examination.4. 7.5 Final online examination: The final examination is of objective type and of 3 hours. Questions will be generated randomly for the students appearing for the online examination. 7. No fee is charged by the accredited regional office/branch of ICAI for such reappearance. if any) of articled training as on the first day of the month in which examination is held. The student shall be issued certificate for ‘CA students’ Information Technology Training Course’ on qualifying such test papers.e. Such students are not required to pay any registration fee for the purpose of 100 hours ITT.No. 2 A Students who have registered and passed Professional Education (Examination – II) and registered for Final Course. Final Course and admission to Final Examination After passing Intermediate/Professional Education (Examination-II)/Professional Competence Examination/Integrated Professional Competence Examination. a differently abled student is required to self-study such course material for a minimum period of 20 days. 8. Completed or completing prescribed period of articled training i. if any) on or before the last day of the month preceding the month in which the examination is held. Or Serving last 12 months (including excess leave. Since the minimum duration of the course is twenty days. Or Serving last 6 months (including excess leave. if any) of articled training as on the first day of the month in which examination is held. 3 years (including excess leave. Thereafter. a student should register with the Board of Studies in the prescribed form and collect study material of the Final course. (prescribed Articled training period 3 years) Eligibility Criteria to appear in the Final Examination Completed or completing prescribed period of articled training i. 2006 and complete articled training of 3 or 31/2 years or equivalent audit training. Category of Students 1 Students who have registered and passed Intermediate examination and registered for Final Course. He may undergo General Management and Communication Skills Course as per Regulations 51A / 72A of the Chartered Accountants (Amendment) Regulations. (prescribed Articled training period 3 years) 28 . The answer sheets of these test papers are to be submitted at the appropriate decentralized Office.e. The appropriate decentralised office shall provide them a set of course material on registration. he can send a request to the decentralised office for specially designed two test papers and also inform about his schedule for submission of these test papers. 3 years (including excess leave. alongwith the necessary documents. and prepare for the final examination.IPCC Prospectus Differently abled students are required to inform the Board of Studies about their option for exemption from undergoing 100 hours ITT. if any) on or before the last day of the month preceding the month in which the examination is held. Detailed eligibility criteria for different streams to appear in Final examination are as follows : Sl. at the appropriate decentralized office. if any) of articled training as on the first day of the month in which examination is held. Completed or completing prescribed period of articled training i. if any) on or before the last day of the month preceding the month in which the examination is held.IPCC Prospectus B Students who have initially registered in Professional Education (Course – II) and then switched over to Professional Competence Course (PCC) and registered for Final Course. Or Serving last 6 months (including excess leave. if any) of articled training as on the first day of the month in which examination is held. Completed or completing prescribed period of articled training i. if any) on or before the last day of the month preceding the month in which the examination is held. 3 years (including excess leave.e. (prescribed Articled training period 3½ years) D Students who have initially registered in Professional Education (Course – II) and then switched over to Integrated Professional Competence Course (IPCC) and registered for Final Course.e. 29 . (prescribed Articled training period 3½ years) C Students who have initially registered in Professional Education (Course – II) and then switched over to Professional Competence Course (PCC) and then to Integrated Professional Competence Course (IPCC) and registered for Final Course. if any) on or before the last day of the month preceding the month in which the examination is held. Completed or completing prescribed period of articled training i. Or Serving last 12 months (including excess leave. 3½ years (including excess leave. 3½ years (including excess leave. Or Serving last 12 months (including excess leave. if any) of articled training as on the first day of the month in which examination is held. (prescribed Articled training period 3½ years) Completed or completing prescribed period of articled training i.e. 3½ years (including excess leave. (prescribed Articled training period 3 years) 3 A Students who have registered and passed Professional Competence Course and registered for Final Course. Or Serving last 12 months (including excess leave.e. if any) of articled training as on the first day of the month in which examination is held. if any) on or before the last day of the month preceding the month in which the examination is held. if any) of articled training as on the first day of the month in which examination is held. 8.IPCC Prospectus B Students who have registered initially in Professional Competence Course and then switched over to Integrated Professional Competence Course and registered for Final Course. 3½ years (including excess leave. Completed or completing prescribed period of articled training i. Or Serving last 6 months (including excess leave. if any) of articled training as on the first day of the month in which examination is held. 3 years (including excess leave. (prescribed Articled training period 3 years) Completed or completing prescribed period of articled training i. Or Serving last 6 months (including excess leave. if any) on or before the last day of the month preceding the month in which the examination is held.1 Final Course Subjects to be studied in CA Final Course are as follows: Group – I Paper 1 : Financial Reporting (100 Marks) Paper 2 : Strategic Financial Management (100 Marks) Paper 3 : Advanced Auditing and Professional Ethics (100 Marks) Paper 4 : Corporate and Allied Laws (100 Marks) Section A : Company Law (70 marks) Section B : Allied Laws (30 marks) Group – II Paper 5 : Advanced Management Accounting (100 Marks) Paper 6 : Information Systems Control and Audit (100 Marks) Paper 7 : Direct Tax Laws (100 Marks) Paper 8 : Indirect Tax Laws (100 Marks) Section A : Central Excise (40 marks) Section B : Service Tax & VAT (40 marks) Section C : Customs (20 marks) 30 . (prescribed Articled training period 3½ years) 4 Students who have registered and passed Integrated Professional Competence Course and registered for Final Course. if any) on or before the last day of the month preceding the month in which the examination is held.e.e. (ii) A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of 40 per cent marks in each paper of the group and a minimum of 50 per cent marks in the aggregate of all the papers of that group. is granted exemption in the corresponding paper in the Final Examination (New). i. 1. Professional Education Examination – II/ Professional Competence/ Integrated Professional Competence Examinations held in May/ November every year are selected for award of Merit Scholarship @ ` 1. Merit. or secures at one sitting a minimum of 40 per cent marks in each paper of both the groups and a minimum of 50 per cent marks in the aggregate of all the papers of both the groups taken together. No. A candidate shall ordinarily be declared to have passed in both the groups simultaneously. or if a student has passed Group II of Final Examination (under the old course) he is granted exemption from appearing in Group II of Final Examination (under the new course). 9. Merit Scholarships are granted automatically on the basis of Merit List released by the Examination Section. every year. commencing from April and October every year and generally the announcements for scholarships are released in the Students Journal – The Chartered Accountant Student. Need-based and Weaker Sections Scholarships out of the funds of the Institute and Endowment Schemes created by individual donors/Trusts/Societies. Various scholarships are awarded twice in a year i. 9..e. 1 to 10 of the respective Merit lists of Common Proficiency Examinations.250/. In addition. held in June/ December.per month.1 Scholarships and Fee Concessions Scholarships for meritorious students The Board of Studies grants various Scholarships to students.e. Merit-cum-Need based. if he – (i) secures at one sitting a minimum of 40 per cent marks in each paper of each of the groups and minimum of 50 per cent marks in the aggregate of all the papers of each of the groups.2 Requirements for passing the Final Examination A candidate may appear in both the groups simultaneously or in one group in one examination and in the remaining group at any subsequent examination and shall ordinarily be declared to have passed the final examination if he passes in both the groups. namely.IPCC Prospectus 8. The students are required to apply in prescribed Scholarship Application Form. a student who has been granted exemption in a paper or more than one papers of Final Examination (Old) under Regulation 37A (7) of the Chartered Accountants Regulation 1988. A candidate who has passed in any one but not in both the groups of the Final Examination (under the old course) is granted exemption from passing the same group in the Final Examination (under the new course). Rank holders of Common Proficiency Examination (CPE) who have registered for PCC/IPCC will get Scholarship 31 . if a student has passed Group I of the Final Examination (under the old course) he is granted exemption from appearing in Group I of Final Examination (under the new course). Merit Scholarship: The student whose name appears in Sl. The income of their parents is not more than ` 1.per month for a maximum period of 18 months for PE-II and PCC and 30 months/ balance period of articleship for Final Course.00.per month. Merit-cum-Need based Scholarship: All the students whose names appear in the Merit list of Rank holders of the Common Proficiency Examination/ PE-II/PCC/IPCC are eligible to apply for award of Merit-cum-Need scholarship @ ` 1. an additional amount of ` 100/p. Scholarships under Endowment Scheme: In addition to the above. scholarships are also awarded under different Endowment Schemes created by individual donors/ trusts/ societies and others. provided will get scholarship for a maximum period of 30 months/ remaining period of articleship.250/. The payment of scholarship is liable to be discontinued in case the recipient does not pass the PE-II/ PCC/Final Examination in the first two eligible chances. In other words the first three rank holders of CPT need not pay the Final fee if they pass the IPCE in the first attempt. 100 Need-based and weaker sections scholarships are awarded every year @ ` 1. 2. namely: • • • (ii) total absence of sight. 3. will be paid. Low vision – “Low vision” means a person with impairment of visual functioning even after treatment or standard refractive correction but who uses or is potentially capable of using vision for the planning or execution of a task with appropriate assistive device. 9. The criteria applied are the same as in the case of Need-based and weaker sections scholarship. or limitation of the field of vision subtending an angle of 20 degrees or worse.2 Fee concessions to differently abled students Differently abled students are defined as follows: (i) Blindness – “Blindness” refers to a condition where a person suffers from any of the following conditions. For SC/ST/OBC category students.IPCC Prospectus for a period of 18 months while the Rank holders of PE-II/ PCE/ IPCC will get for a maximum period of 30 months/ remaining period of their articleship.000/.m.000/. Apart from the above. visual acuity not exceeding 6/60 or 20/200 (snellen) in the better eye with correcting lenses.per annum.000 per annum. Rank holders of PCE who have registered for PCC will get scholarship for a period of 18 months and Rank holders of PE-II/PCE/IPCC who have registered for articleship. Such fee exemption will be continued at the time of registration for Final Course provided the student passes both groups in IPCE in the first attempt. Need-based and weaker sections Scholarship: Students of Professional Education Course –II/ Professional Competence Course/ Integrated Professional Competence Course and Final Course are eligible to apply for award of Need-based Scholarships provided their parents’ annual income is not more than ` 1.50. Two scholarships out of the Need-based and weaker sections scholarships being granted by the Institute will be reserved every year for physically handicapped students. 4. Total 60 scholarships are awarded every year under this category. 32 . first three rank holders of CPT will be granted full exemption from the payment of registration and tuition fees at the time of registration for IPCC including registration fee for 100 Hours Information Technology Training. Orientation Programme registration fee of ` 1.IPCC Prospectus (iii) Leprosy cured – “Leprosy cured” means any person who has been cured of leprosy but is suffering from • • • loss of sensation in hands or feet as well as loss of sensation and paresis in the eye and eye-lid but with no manifest deformity.000/. as stated above. suffering from permanent disability of 50% or above are exempted from attending ITT classes. are eligible for full exemption from payment of registration and tuition fees at PCC/IPCC/ATC and Final levels. and the expression “leprosy cured” shall be constructed accordingly.and course fee of ` 3. Locomotors disability – “Locomotors disability” means disability of the bones. registration fee of ` 2. as the case may be.for undergoing course.000/. extreme physical deformity as well as advanced age which prevents him from undertaking any gainful occupation.000/. certified by a physician/surgeon/oculist working in a Government hospital. submit an application for consideration on case to case basis. but they are required to self-study and pass two test papers specially designed for the purpose. (vi) (vii) 9. These students are also exempted from payment of fee related to Orientation Programme i.e. Students who are suffering from more than 50% disability. (iv) (v) Hearing impairment – “Hearing impairment” means loss of sixty decibels or more in the better ear in the conversational range of frequencies.3 Other fee concessions and scholarships The children of military and para-military forces who are studying chartered accountancy course and have lost either of their parents in action are exempted from payment of tuition and registration fees. This fee concession will be made available on production of necessary documents. A disabled student has to submit a certificate of suffering from disability. These students are also exempted from payment of fee related to ITT i. Permanent and total loss of voice Any other physical disability which is not covered above. joints or muscles leading to substantial restriction of the movement of the limbs or any form of cerebral palsy. as the case may be. 9.e. manifest deformity and paresis but having sufficient mobility in his hands and feet to enables him to engage in normal economic activity.5 Differently abled students are exempted from payment of ITT fee Differently abled students. 10. but permanently suffering from 50% or above.for undergoing course.and course fee of ` 4. suffering from permanent disability of 50% or above are exempted from attending Orientation Programme.000/. 9. Course on General Management and Communication Skills The course can be taken by a student during the last 12 months of articled/audit training while undergoing final course but before applying for the membership of the Institute.4 Differently abled students are exempted from Orientation Programme Differently abled Students. 33 . IPCC Prospectus The objective is to equip the entrants to the profession with some essential skills, such as – • • • • • • • • General management and business communication skills; Presentation skills; Group discussion skills; Inter-personal skills; Legal document preparation skills; Become more confident and capable of using the knowledge gained while doing the chartered accountancy course; Increase in the level of awareness of management theory and practice with the ultimate aim of self-development; and Providing opportunities for personal interaction with fellow students by sharing experiences and for interaction with senior members of the profession and management; The course would, inter alia, aim at developing the habit of reading with the enhanced capacity of comprehension. The requirement of compulsory attendance in this course will apply to articled/audit assistant: • who has passed the final examination, in its entirety under the new syllabus specified by the Council under Regulation 31 of the CA Regulations, 1988; Even if a candidate passes one of the groups of the final examination held in November 2002 and thereafter (other group having been passed earlier), he is compulsorily required to undergo and complete the course; • • who has passed intermediate/professional education (examination-II)/professional competance course; and who has passed IPCE under the new scheme of education and training. Details of this programme are available in the prospectus of the final course. The students are required to pay the prescribed fees for undergoing the course. The Board of Studies issues a background material for the course which a student should thoroughly study before undergoing the course. 10.1 Exemption from payment of fees to differently abled students for undergoing General Management and Communication Skills Course Differently abled students as defined in Para 6.10 are exempted from payment of fees for undergoing the Course on General Management and Communication Skills. Such students can either opt to (i) attend all the classes or (ii) appear in two test papers of 3 hours each after a study period of 15 days from the date of registration and after thoroughly studying the Background Material. 11. Accounting Technician Course (ATC) A candidate may opt exclusively for Accounting Technician Course. A candidate who does not wish to complete erstwhile Intermediate/PE-II/PCC/IPCC can also opt for the Accounting Technician Course. Such a candidate has to undergo a study course of nine months, 35 hours Orientation Programme and 100 hours ITT before appearing in 34 IPCC Prospectus Accounting Technician Examination (ATE). It is to be noted that Group I of IPCC is equivalent to ATC. After passing Accounting Technician Examination (ATE), he will also be required to complete 12 months of work experience, as per the guidelines of the Council and on production of a certificate to this effect, he will be issued Accounting Technician Certificate. 11.1 i. Guidelines for imparting Accounting Technician Training – work experience A candidate who has passed Group I of the Integrated Professional Competence Examination/Accounting Technician Examination is eligible for registration to Accounting Technician work experience. Case of a member employed in an industrial / commercial / financial / service / not for profit organization or company (a) A member who is employed in an industrial / commercial / financial / service / not for profit organization or company duly approved by the Institute would be eligible to impart Accounting Technician Training to the eligible candidates. Criteria for the selection of industrial / commercial / financial / service / not for profit organization or company: (i) (ii) (iii) (iv) (c) Minimum paid up capital ` 50 lakhs; or Minimum fixed assets ` 1 crore; or Turnover ` 10 crores; or Gross receipts (in the case of not for profit organization - they should be registered under a Statute) – ` 2 crores. ii. (b) Eligibility for members of the ICAI: Experience of the members in years ACA with less than three years ACA with three years and above FCA with less than five years FCA with five years and above Number of vacancies 1 2 5 10 (d) (e) The period of the Accounting Technician work experience shall be one year. The working hours for the Accounting Technician Trainee shall be in accordance with the working hours of the organization in which he undergoes training. iii. Case of a member in practice (a) a member in practice would also be eligible to impart Accounting Technician Training to the eligible candidates. 35 IPCC Prospectus (b) (c) The period of training shall be one year. The Accounting Technician Trainee will be eligible for such stipend as fixed by the member. The working hours for the Accounting Technician Trainee shall be 35 hour per week to be regulated by the principal in accordance with the guidelines to be issued by the Council from time to time. (d) iv. On completion of the training period, the principal / organization is required to issue a certificate in respect of the training. Areas of training The principal shall impart training to the Accounting Technician Trainee in the areas of accounting, taxation, financial management, corporate affairs and information technology as given hereunder : 11.2 i. Accounting • • • • • • Undertaking specific work relating to cash accounting, sales accounting, purchase accounts, bank accounts, journals, etc. Maintenance of primary books of accounts Preparation of reconciliation Preparation of accounts from incomplete records Finalization of accounts and notes to financial accounts Preparation of financial statements. ii. Taxation • • • Computing of total income, deductions, rebates, reliefs and tax payable by the assessees Preparation and filing of Return of income, TDS returns and other documents Preparation and filing of various returns under VAT, service tax etc. iii. Information Technology • • • • Data creation and analysis using databases - and spread - sheet program Computer applications in areas like inventory control, financial accounting, payrolls, share accounting, sales accounting, invoicing etc. Preparation of system flow chart Knowledge of internet and computer fraud detection techniques. 36 The exact scope of Training Programme will be at the discretion of the Member in Charge of Training. including compliance of SEBI guidelines Note: The areas indicated above for training are only illustrative and not exhaustive. financial institutions etc. Enrol for Accounting Technician Course (ATC) Successfully complete 9 months of study course from the date of registration for the ATC. General Commercial Knowledge etc. debentures etc. How to become an Accounting Technician (Accounting Technician Course) • • • • • Enrol for Common Proficiency Test (CPT). v. Projection of working capital and computation of working capital requirements Preparation of budget. Financial Management • • • • Preparation of projected financial statements Processing of loan applications with banks. Designate as “Accounting Technician” 37 • • • • • . such as Personality Development. Appear and pass in CPT after appearing in (10+2). Communication Skills. after passing Class 10 examination. Business Enrironment. Successfully complete Orientation Course of one week spanning 35 hours and covering topics. Corporate Affairs • • • • • Applying for and obtaining name approval Drafting Memorandum and Articles of Association Matters relating to incorporation of a company Filing of various returns with the Registrar of Companies Participation in the work relating to issue of shares.IPCC Prospectus iv. Office Producedures. Get Accounting Technician Certificate. Successfully complete one year work experience under a chartered accountant in practice or in industry. However one should pass both CPT and 10+2 before registering for ATC. based on the nature of the Organization. Successfully complete 100 hours Information Technology Training (ITT) Pass ATE (Group I of Integrated Professional Competence Examination (IPCE)) comprising of four papers. Rapid changes taking place in the economy have further opened up new vistas of opportunities for the Chartered Accountants. management information and control systems. 38 . Appear in CA Final Examination during last 6 months of 3 years of articled training. Successfully complete the Course on General Management and Communication Skills (15 days) Enrol as a member of ICAI and designate as “Chartered Accountant. Even in the government. even after becoming Accounting Technician • • • • • • • • Enrol for Group II of Integrated Proressional Competence Course (IPCC). A member has the right to use the distinctive letters ‘FCA’ or ‘ACA’ signifying that he is a Fellow or an Associate respectively. The society has increasingly recognized the services of CAs in entire gamut of management consultancy including management accounting. Membership of the Institute Every person who has been admitted as a member and whose name is entered in the Register of Members is deemed to be an Associate Member of the Institute. information technology and financial services sector. They also render professional services as accountants and management consultants. No wonder that the Chartered Accountancy is a high status profession and a passport to challenging and rewarding career in industry and commerce. they occupy prominent positions. A member who has been an Associate and who has been in continuous practice for not less than five years and possesses the experience prescribed by the Council for this purpose is eligible to apply for Fellow Membership. industry and economic growth. Complete 3 years period of articled training. 13. you have many options for pursuing challenging and rewarding career. Register as an Articled Assistant for a period of 3 years.IPCC Prospectus How to become a CA. Opportunities for Chartered Accountants Chartered Accountancy is a challenging career at the cutting edge of trade. It is a profession that imparts the best of technical skills in financial and management areas and abilities necessary for deciding and acting upon the high-pressure situations. Pass both the Groups of CA Final examination. On becoming a Chartered Accountant. CAs today are part of the top management team and hold key positions in the corporate sector. international finance. A member of the Institute may either practise as a Chartered Accountant or go for employment. A member desirous of practising as a Chartered Accountant is required to obtain a Certificate of Practice from the Institute. Chartered Accountants today have occupied top management positions in public as well as private sectors. Pass Group II of IPCE.” 12. Budgeting. A CA has been entrusted with substantial responsibility under various legislations such as compulsory audit of the accounts of all companies. working capital management. 39 • • • • • • • • • • • . helping the business to secure loans. Preparation of project reports and feasibility studies. and determining the viability of business. corporate planning. The services rendered by them include • • Financial management planning and financial policy determination such as capital structure and related areas. CA helps business and individuals to comply with tax laws and represent his clients before government agencies. Management accounting systems. A Chartered Accountant also provides compilation and review services as and when required by enterprises. evaluate and recommend ways to increase revenue and reduce operating costs. Investment counselling in respect of securities. and Quality audit. conduct special studies. increase their efficiency and achieve their objectives. Organisation structure and behaviour. While practising as an independent professional. Advisor or consultant to an issue. As a management consultant CA can also identify. stock brokers. Personnel recruitment and selection. Systems analysis and design.1 Independent Professional Practice As practitioners of public accounting. preparing financial projections showing how the loans will be repaid. As a tax advisor. CAs may start professional practice as a proprietor or join any existing firm as a partner or staff member.2 Management Consultancy Services A Chartered Accountant plays a vital role in assisting businesses to improve the use of their resources. inventory management. development of human resources. banks. growth and diversification. big income-tax assessees. 13. energy audit and environmental audit. cost control and value analysis. etc. prepare recommendations. Market research and demand studies. large bank borrowers. Chartered Accountants by application of their technical knowledge and business experience have been able to cater to the client’s changing needs. Business policy. cooperative societies. and provide advice and technical assistance in their implementation. Registrar to an issue and for transfer of shares/other securities. incentive plans. and computer related services. analyze operations and suggest changes in structure and individual responsibilities. a CA also acts as a business advisor by providing all kinds of services including the preparation of financial reports.IPCC Prospectus 13. plans and programs. organisation development. 1. 14. They will get appropriate exemptions. Today huge opportunities are available for professionals with specialised knowledge and skills sought by global organizations.B. Many Chartered Accountants hold responsible positions in business or industrial firms as CEOs. 14.3 ICAI .Com Course for students pursuing chartered accountancy course. As a result.1. 14. 14.Institute of Chartered Accountants of England And Wales (ICAEW) Memorandum of Understanding (MOU): The ICAI has entered into a Memorandum of Understanding with ICAEW whereby ICAI member can acquire the membership of ICAEW by passing one paper on Ethics.A/MCom. The MOU includes mutual recognition of accounting qualifications. places Chartered Accountants in a stronger position to supply services to global organizations entering the Indian Market.2 Memorandum of Understanding (MOU) with International Bodies: 14.Com Course majoring in Finance and Taxation for CA students.3 Opt for Industry / Government Organisation A Chartered Accountant may prefer to join an industry or government organisation and hold responsible positions.2. qualifications.1 ICAI . A Chartered Accountant may also take up the job of an educator at a university/college level./ M.1 Memorandum of Understanding (MOU) Memorandum of Understanding (MOU) with Indian Bodies: 14. Students will be exempted from appearing in various papers of such B.COM.2. 14. They also evaluate the financial effects of management’s actions.Institute of Chartered Accountants in Australia (ICAA): The ICAI has entered into a MOU with the Institute of Chartered Accountants in Australia. Director (Finance) and Chief Accountants.Com Course majoring in Accountancy and Finance and special M. ICAI members will be eligible to apply for membership of the ICAA and ICAA members will be eligible to apply for membership of ICAI.2 ICAI .A. while the ICAEW members can acquire the ICAI membership by passing four papers. These include areas of national and international taxation. Managing Directors. 13. analyzing and reporting on information needed for business decisions.IPCC Prospectus 13. of course./ B.com course. The knowledge of local laws and regulations.Bharathiar University Memorandum of Understanding (MOU): The Institute of Chartered Accountants of India (ICAI) has also entered into a Memorandum of Understanding with Bharathiar University whereby CA students and chartered accountants can acquire B.1 The Institute of Chartered Accountants of India (ICAI) has entered into a Memorandum of Understanding by which Indira Gandhi National Open University (IGNOU) launched special B. finance and corporate law. Kolkata will conduct special B.4 Global Scenario The opportunities are simply ever increasing.B.1. Chartered Accountants are responsible for developing. 40 . 14.2 ICAI – NSOU Memorandum of Understanding (MOU): The Institute of Chartered Accountants of India (ICAI) has also entered into a Memorandum of Understanding by which Netaji Subhash Open University (NSOU). 000 2.000 1.000 500 2.000 – 1.000 – 1.000 1.000* – – 10.000 1. Students who wish to register for ATC alongwith Group I of IPCC has to pay ` 1000/. Foreign students have to pay $ 50 in addition to the prescribed fee given above.000 1.towards tuition fee).000 3.while registering for the other group subsequently.000@ 1.000 – 1.or $50 towards Registration fee for one year work experience.000 1.000 2. 41 .000 2.towards ATC registration.(` 1000/.000* – – 550 10. Students who wish to register ONLY for Group II of IPCC has to pay ` 3000/.000 1.000* 1.000 400 % %% %% – ` $ $ ` ` $ ` $ 1.000@ ** 1.000* – – 9. Students who opt for ATC alongwith both groups of IPCC/ Group I of IPCC/ Group II of IPCC have to pay ` 2000/. Students who wish to register for ATC alongwith Group II of IPCC has to pay ` 2000/ .000 1.000 1.Annexure I Fees to be charged from the students registering for Integrated Professional Competence Course (IPCC)/ Accounting Technician Course (ATC) 1 Both Both Both Groups Groups Groups IPCC IPCC IPCC & (Without (Without ATC articles) articles) (Without articles) Both Groups IPCC & ATC (Without articles) Group I of IPCC Group II of IPCC (With articles) Group I of IPCC Group II of IPCC (With articles) Group II Group II of IPCC of IPCC (Without (Without articles) articles) $ % 1.000 1.000 – – 4.000 ** – 3. Foreign students have to pay $ 50 in addition to the prescribed fee given above.000 2.000 ** – 4.000 7.(` 1000/.000 2.000* – – 8.000 – – – – 3.towards ATC registration fee and ` 1000/.000 ` 2 3 4 5 6 Accounting Accounting Technician Technician Course Course ` 1.towards Registration fee for Orientation Programme and ` 2000/.000* – – 600 8. Separate study material will be issued for ATC.000 500 ** ** ** – 3. No separate study materials will be issued for ATC.towards Registration fee for 1 0 0 hours IT Training) and need not pay ` 3000/.000 1.000 1.000 $ Registration fee for ATC Registration fee with BOS Registration fee for Orientation Programme Registration fee for 100 hours ITT Registration fee for one year work experience Tuition fee for ATC Tuition fee for IPCC Students’ Activities Fee Students’ Association Fee Registration fee as articled assistant TOTAL FEES 600 * ** % %% IPCC Prospectus @ To be charged only once at the time of initial registration. 000 1.000 4.000* 1.000 7.000* 1.000 5. 2 ) Registration fee for Information Technology Training (ITT) is ` 2.000# 3. by way of Demand Draft drawn in favour of “The Secretary.42 IPCC Prospectus Annexure II Fees to be charged from the students registering for Integrated Professional Competence Course (IPCC)/ Accounting Technician Course (ATC) but who are already registered for erstwhile Intermediate Examination or Professional Education (Course-II) or Professional Competence Examination: Registration fee for ATC Registration fee with BOS Registration Registration fee for fee for Orientation 100 hours Programme** ITT Registration fee for one year work experience Tuition fee for ATC Tuition fee for IPCC Students’ Activities Fee Students’ Association Fee Registration fee as articled assistant TOTAL FEES Fee Details A Intermediate (Articles completed/ partially completed)* *As per announcement of switchover from CA Intermediate/ PE-II to IPCC B Professional Education (Course – II) (Without articles)* Erstwhile Intermediate/ PE-II Students shall have to pay ` 1.500/.000 ^^ ^^ ^^ ^^ ^^ ^^ ^^ Registration fee for one year work experience Tuition fee for ATC 3.000* 1.000 1. Since Group I of IPCC and ATC course study materials are same.towards ATC registration.000* - TOTAL FEES D 1 2 3 4 5 6 7 1.towards cost of study material for Integrated Professional Competence Course (IPCC). The Institute of Chartered Accountants of India. *As per announcement of switchover from CA Intermediate/ PE-II to IPCC C Professional Education (Course – II) (With articles)* Note: 1 ) Students who wish to join for Accounting Technician Course (ATC) have to add ` 1.000 1.000 7. payable at Mumbai. A separate fee of ` 4.000 3.000/.000* 1.000 - Professional Competence Course Both Groups of IPCC Both Groups of IPCC + ATC Group I of IPCC Group I of IPCC + ATC ATC Group II of IPCC Group II of IPCC + ATC 6.000/.000 1.000 * To be charged only once at the time of initial registration.000/.000 1.000 1. ** Student has to undergo Orientation Programme only once either in IPCC or ATC. Kolkata.000 1. .000 1.as registration fee for one year work experience.000/-.000# 3.000 1.has to be paid for undergoing ITT classes. # No separate study material will be issued to ATC opted students. Chennai. as the case may be .000 5. ^^ Students not completed prescribed period of articleship will be required to pay ` 2.000 1.000 6.000 4.000 6.000 - Tuition fee for IPCC Students’ Activities Fee Students’ Association Fee Registration fee as articled assistant 4. Kanpur or Delhi”.000* 1.000* 1. *As per announcement of switchover from CA Intermediate/PE-II to IPCC Fee Details Registration fee for ATC Registration fee with BOS Registration Registration fee for fee for Orientation 100 hours Programme** ITT 1. Balance Sheet and Cash Flow Statement Profit (Loss) prior to incorporation 43 . partnership and companies. To gain the ability to solve simple problems and cases relating to sole proprietorship. adoption of international financial reporting standards Accounting Standards Working knowledge of: AS 1 : Disclosure of Accounting Policies AS 2: AS 3: AS 6: AS 7: AS 9: Valuation of Inventories Cash Flow Statements Depreciation Accounting Construction Contracts (Revised 2002) Revenue Recognition AS 10: Accounting for Fixed Assets AS 13: Accounting for Investments AS 14: Accounting for Amalgamations 3. A General Knowledge of the framing of the accounting standards. 2. and To familiarize students with the fundamentals of computerized system of accounting.IPCC Prospectus Annexure III INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC) Syllabus GROUP I OF IPCC/ ACCOUNTING TECHNICIAN COURSE (ATC) Paper 1: Accounting (One paper – three hours – 100 marks) Level of Knowledge: Working Knowledge Objectives: (a) (b) (c) (d) To lay a foundation for the preparation and presentation of financial statements. To gain working knowledge of the principles and procedures of accounting and their application to different practical situations. national and international accounting authorities. Contents 1. Company Accounts (a) (b) Preparation of financial statements – Profit and Loss Account. retirement and death of a partner including treatment of goodwill. 9. Issues in Partnership Accounts Final accounts of partnership firms – Admission. Account Current. Maintaining the hierarchy of ledger. Accounting in Computerised Environment An overview of computerized accounting system – Salient features and significance. Announcements and Limited Revisions to ASs are issued by the Institute of Chartered Accountants of India in place of existing ASs. Alteration of share capital.IPCC Prospectus (c) (d) 4. Accounting packages and consideration for their selection. Announcements and Limited Revisions to ASs are withdrawn or new ASs. the syllabus will accordingly include/exclude such new developments in place of the existing ones with effect from the date to be notified by the Institute. Conversion of fully paid shares into stock and stock into shares. Accounting for bonus issue Simple problems on Accounting for business acquisition. Self-Balancing Ledgers Financial Statements of Not-for-Profit Organisations Accounts from Incomplete Records Accounting for Special Transactions (a) (b) (c) Hire purchase and instalment sale transactions Investment accounts Insurance claims for loss of stock and loss of profit. Concept of grouping of accounts. 10. 44 . 7. Amalgamation and reconstruction (excluding problems of amalgamation on inter-company holding) Average Due Date. 6. Generating Accounting Reports. Codification of accounts. Announcements and Limited Revisions to ASs. Note : If either old Accounting Standards (ASs). 5. general provisions regarding registers and returns. 3. 1972. 1956 – Sections 1 to 197 (a) (b) (c) (d) (e) (f) (g) Preliminary Board of Company Law Administration . The Indian Contract Act. 5. 4. 1965 The Employees’ Provident Fund and Miscellaneous Provisions Act. 1952 The Payment of Gratuity Act.IPCC Prospectus Paper 2: Business Laws. (h) Note: If new legislations are enacted in place of the existing legislations. Company Law in a computerized environment – e-filing. 1881 The Payment of Bonus Act. restrictions on commencement of business. annual returns.National Company Law Tribunal. and other matters relating to use of shares or debentures Share capital and debentures Registration of charges Management and administration – general provisions – registered office and name. Appellate Tribunal Incorporation of company and matters incidental thereto Prospectus and allotment. Ethics and Communication (One paper – three hours . registers of members and debentures holders. the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute.100 marks) Level of Knowledge: Working knowledge Part I: Business Laws (60 marks) Objective: To test working knowledge of business laws and company law and their practical application in commercial situations. 2. Company Law (30 marks) The Companies Act. meetings and proceedings. Contents: Business Laws (30 marks) 1. 1872 The Negotiable Instruments Act. foreign registers of members or debenture holders. 45 . handling group conflicts. change. Environment Issues Protecting the Natural Environment – prevention of pollution and depletion of natural resources. Ethics in Accounting and Finance Importance. Contents: 1. active listening and critical thinking Presentation skills including conducting meeting. discrimination. conservation of natural resources. ethical issues in corporate governance. verbal and nonverbal. influencing and persuasion skills. Contents: 1. 3. interpersonal skills. Introduction to Business Ethics The nature. . harassment. ethics and conflicts of interests. negotiating and bargaining Emotional intelligence – emotional quotient Soft skills – personality traits. inter-departmental.IPCC Prospectus Part II: Ethics (20 marks) Objective: To have an understanding of ethical issues in business. leadership. corporate social responsibility. 4. Ethics in Workplace Individual in the organisation. 2. Ethics in Marketing and Consumer Protection Healthy competition and protecting consumer’s interest. ethical and social implications of business policies and decisions. press conference Planning and composing business messages Communication channels Communicating corporate culture. purpose of ethics and morals for organizational interests. consensus building. Part III: Communication (20 marks) Objective: To nurture and develop the communication and behavioural skills relating to business. 5. Elements of Communication (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) 46 Forms of communication: formal and informal. issues and common problems. gender equality. innovative spirits Communication breakdowns Communication ethics Groups dynamics. 47 . Basic Understanding of Legal Deeds and Documents (a) (b) (c) (d) (e) (f) (g) (h) Partnership deed Power of Attorney Lease deed Affidavit Indemnity bond Gift deed Memorandum and articles of association of a company Annual Report of a company. Agenda. Communication in Business Environment (a) (b) (c) (d) Business Meetings – Notice. Chairperson’s speech Press releases Corporate announcements by stock exchanges Reporting of proceedings of a meeting. Minutes. 3.IPCC Prospectus 2. Contents: 1. separating the components of semi-variable costs Installation of a costing system Relationship of cost accounting.techniques of fixing of minimum. financial accounting. Objectives and scope of cost accounting Cost centres and cost units Cost classification for stock valuation. Introduction to Cost Accounting (a) (b) (c) (d) (e) (f) (g) (h) 2.100 marks) Level of Knowledge: Working knowledge Part I: Cost Accounting (50 marks) Objectives: (a) (b) (c) (d) To understand the basic concepts and processes used to determine product costs. and To be able to solve simple cases. basis for consumption entries in financial accounts.store procedures and documentation in respect of receipts and issue of stock. (iii) (iv) 48 . stocktaking and perpetual inventory Inventory accounting Consumption . To be able to analyse and evaluate information for cost ascertainment. control and decision making. management accounting and financial management.IPCC Prospectus Paper 3: Cost Accounting and Financial Management (One paper – three hours . stock verification Inventory control . ABC classification. Cost Ascertainment (a) Material Cost (i) (ii) Procurement procedures . monitoring consumption. planning. maximum and reorder levels. decision making and control Coding systems Elements of cost Cost behaviour pattern. profit measurement. economic order quantity.identification with products of cost centres. To be able to interpret cost accounting statements. reconciliation of cost and financial accounts. Costing Systems (a) Job Costing Job cost cards and databases.IPCC Prospectus (b) Employee Cost (i) (ii) (iii) (iv) (v) Attendance and payroll procedures. integrated accounts. administration. identification with the main product or service. accounting for plant used in a contract. applications of job costing. criteria for choosing suitable basis for allotment. fixed absorption rates for absorbing overheads to products or services Administration overheads – method of allocation to cost centres or products Selling and distribution overheads – analysis and absorption of the expenses in products/customers. capacity cost adjustments. 4. identifying labour hours with work orders or batches or capital jobs Efficiency rating procedures Remuneration systems and incentive schemes. direct and indirect labour. variable. distribution. impact of marketing strategies. (b) (c) Batch Costing Contract Costing Progress payments. 49 . idle time and incentives Labour turnover Utilisation of labour. attributing overhead costs to jobs. contract accounts. cost effectiveness of various methods of sales promotion. (c) Direct Expenses Sub-contracting – control on material movements. retention money. (d) Overheads (i) Functional analysis – factory. accounting for material. overtime. collecting direct costs of each job. overview of statutory requirements. research and development Behavioural analysis – fixed. charging of labour cost. selling. escalation clause. contract profit and balance sheet entries. Cost Book-keeping Cost ledgers – non-integrated accounts. semi variable and step cost (ii) Factory overheads – primary distribution and secondary distribution. (iii) (iv) 3. preparation and monitoring procedures. Meaning. To gain knowledge of management and financing of working capital. joint products and by products. master budget. 6. preparation of functional budget for operating and non-operating functions. Part II: Financial Management (50 marks) Objectives: (a) (b) (c) (d) To develop ability to analyse and interpret various tools of financial analysis and planning. principal budget factors. Time Value of Money Compounding and discounting techniques – concepts of annuity and perpetuity. (e) 5. contribution. basic concepts of material and labour standards and variance analysis. setting of standards. Contents: 1. 4. 7. inter-process profit. importance and objectives Conflicts in profit versus value maximisation principle Role of Chief Financial Officer. Scope and Objectives of Financial Management (a) (b) (c) 2. breakeven analysis and profit volume graph. process loss. Introduction to Standard Costing Various types of standards. budget variances. Operating Costing System Introduction to Marginal Costing Marginal costing compared with absorption costing. Budgets and Budgetary Control The budget manual. Financial Analysis and Planning (a) (b) (c) Ratio analysis for performance evaluation and financial health Application of ratio analysis in decision making Analysis of cash flow statement. Financing Decisions (a) Cost of Capital – weighted average cost of capital and marginal cost of capital 50 . 3. To understand concepts relating to financing and investment decisions. abnormal gains and losses. flexible budget. cash budget.IPCC Prospectus (d) Process Costing Double entry book keeping. equivalent units. and To be able to solve simple cases. net present value.payback period method. 6. Ranking of competing projects. accounting rate of return. internal rate of return. designing optimum capital structure. trading on equity. Management of working capital (a) (b) (c) (d) (e) (f) (g) Working capital policies Funds flow analysis Inventory management Receivables management Payables management Management of cash and marketable securities Financing of working capital. Types of Financing (a) (b) (c) (d) (e) Different sources of finance Project financing – intermediate and long term financing Negotiating term loans with banks and financial institutions and appraisal thereof Introduction to lease financing Venture capital finance. objective. (d) 7. various capital structure theories Business risk and financial risk – operating and financial leverage. 51 . ranking of projects with unequal lives. Investment Decisions (a) (b) (c) Purpose. Capital Structure decisions – capital structure patterns.IPCC Prospectus (b) (c) 5. constraints. modified internal rate of return. discounted payback period and profitability index. process Understanding different types of projects Techniques of decision making: non-discounted and discounted cash flow approaches . set-off or carry forward and set-off of losses Deductions from gross total income Computation of total income and tax payable. 4. 7. 3. Income deemed to be received / deemed to accrue or arise in India Incomes which do not form part of total income Heads of income and the provisions governing computation of income under different heads Income of other persons included in assessee’s total income Aggregation of income. Contents: Part I: Income-tax (50 marks) 1. 2. 8. 6. 52 Service tax – concepts and general principles Charge of service tax and taxable services Valuation of taxable services . Service tax (25 marks) Contents: 1. 11. 10. 9. 1961 Basis of charge.IPCC Prospectus Paper 4: Taxation (One paper . 3. 5. rates of taxes applicable for different types of assessees Concepts of previous year and assessment year Residential status and scope of total income. Part II: Service tax (25 marks) and VAT (25 marks) Objective: To gain knowledge of the provisions of service tax as mentioned below and basic concepts of Value Added Tax (VAT) in India. and To gain ability to solve simple problems concerning assessees with the status of ‘Individual’. and covering the areas mentioned in the contents below. Important definitions in the Income-tax Act.three hours – 100 marks) Level of Knowledge: Working knowledge Objectives: (a) (b) To gain knowledge of the provisions of Income-tax law relating to the topics mentioned in the contents below. 2. rebates and reliefs Provisions concerning advance tax and tax deducted at source Provisions for filing of return of income. 12. 8.IPCC Prospectus 4. VAT – concepts and general principles Calculation of VAT Liability including input Tax Credits Small Dealers and Composition Scheme VAT Procedures. Students shall not be examined with reference to any particular State VAT Law. Payment of service tax and filing of returns VAT (25 marks) 5. Note: If new legislations are enacted in place of the existing legislations the syllabus will accordingly include the corresponding provisions of such new legislations in the place of the existing legislations with effect from the date to be notified by the Institute. 53 . 7. 6. (a) (b) (c) (d) 54 Company Accounts Accounting for employee stock option plan.IPCC Prospectus GROUP II Paper 5: Advanced Accounting (One paper – three hours – 100 marks) Level of Knowledge: Working Knowledge Objectives: (a) (b) (c) To have an understanding of the conceptual framework for the preparation and presentation of financial statements. Redemption of debentures Advanced problems for business acquisition. Conversion into a company and Sale to a company. Equity shares with differential rights. Contingent Liabilities and Contingent Assets. Buy back of securities. Advanced Issues in Partnership Accounts Dissolution of partnership firms including piecemeal distribution of assets. To gain working knowledge of the professional standards and application of accounting principles to different practical situations. 2. Contents 1. Underwriting of shares and debentures. Conceptual Framework for Preparation and Presentation of Financial Statements Accounting Standards Working knowledge of: AS 4 : Contingencies and Events occurring after the Balance Sheet Date AS 5 : Net Profit or Loss for the Period. 4. Prior Period Items and Changes in Accounting Policies AS 11: The Effects of Changes in Foreign Exchange Rates (Revised 2003) AS 12: Accounting for Government Grants AS 16: Borrowing Costs AS 19: Leases AS 20: Earnings Per Share AS 26: Intangible Assets AS 29: Provisions. Statement of Affairs (including deficiency/ surplus accounts) and Iiquidator’s statement of account of the winding up. Amalgamation and reconstruction (excluding problems of amalgamation of inter-company holding) Accounting involved in liquidation of companies. Insurance and Electricity Companies . 3. Amalgamation of partnership firms. and To gain the ability to solve advanced problems in the case of different entities. Financial Statements of Banking. Announcements and Limited Revisions to ASs are withdrawn or new ASs.IPCC Prospectus 5. Announcements and Limited Revisions to ASs are issued by the Institute of Chartered Accountants of India in place of existing ASs. the syllabus will accordingly include/exclude such new developments in place of the existing ones with effect from the date to be notified by the Institute. Announcements and Limited Revisions to ASs. Accounting for Special Transactions Departmental and branch accounts including foreign branches Note : If either old Accounting Standards (ASs). 55 . Review and documentation. Contents 1. Auditing Concepts – Nature and limitations of Auditing.IPCC Prospectus Paper 6: Auditing and Assurance (One paper – three hours – 100 marks) Level of knowledge: Working Knowledge Objective: To understand objective and concepts of auditing and gain working knowledge of generally accepted auditing procedures and of techniques and skills needed to apply them in audit and attestation engagements and solving simple case-studies. Approaches to Auditing in Computerised Environment. Re-computation. 12. Role of International Auditing and Assurance Standards Board and Auditing and Assurance Standards Board in India. Direct confirmation. 6. Bank payments. Other Receipts. Tests of control. Auditing and Assurance Standards – Overview. Allowance received from suppliers. Auditing engagement – Audit planning. Evaluation of internal control system. Standard-setting process. Reliability of audit evidence. Relationship of auditing with other disciplines. Techniques of test checks. Documentation – Audit working papers. Audit of Purchases – Vouching cash and credit purchases. 2. Methods of obtaining audit evidence. Test checking. Concept of internal audit. 4. Physical verification. Petty cash payments. Forward purchases. Internal control questionnaire. Representation by management. Cash sales. Wages. 7. Documentation. Sources of evidence. Ethical principles and concept of Auditor’s Independence. Internal Control and Computerized Environment. Internal Control – Elements of internal control. Ownership and custody of working papers. Audit of receipts – General considerations. Audit evidence – Audit procedures for obtaining evidence. Bank reconciliation. Analytical review techniques. Audit of payments – General considerations. Audit Sampling – Types of sampling. 9. Purchase returns. 11. Control of quality of audit work– Delegation and supervision of audit work. Basic Principles governing an audit. Receipts from debtors. Analytical review procedures. Capital expenditure. Application of concept of materiality and audit risk. Other payments and expenses. 8. Audit files: Permanent and current audit files. Internal control check list. 10. 3. 5. 56 . Audit programme. cooperative societies. Special audit. Sale on approval basis. Powers and duties of auditors.. Audit of Sales – Vouching of cash and credit sales. 16. Comptroller and Auditor General and its constitutional role. Educational institutions. Provision for bad and doubtful debts. deferred revenue expenditure and revenue expenditure. Qualifications and Disqualifications of Auditors. i. Hire-purchase and leasing companies (excluding banks. 18. Special points in audit of different types of undertakings. Clubs. Joint audit. Hospitals. 14. Note: 57 . 15. 17. Company Audit – Audit of Shares. Confirmatory statements from credit customers and suppliers.e. Reporting requirements under the Companies Act. Audit of suppliers’ ledger and the debtors’ ledger – Self-balancing and the sectional balancing system. Branch audit. Writing off of bad debts. Repairs and renewals. Audit of impersonal ledger – Capital expenditure. Candidates are expected to have working knowledge of relevant Auditing and Assurance Standards issued by the ICAI with reference to above-mentioned topics. Adverse opinion. Audit of assets and liabilities. Disclaimers. Disclosures. Features and basic principles of government audit.IPCC Prospectus 13. Outstanding expenses and income. Audit Report – Qualifications. Returnable containers. Local bodies and not-for-profit organizations. Total or control accounts. Sale under hire-purchase agreement. Various types of allowances given to customers. and insurance companies). electricity companies. Reports and certificates. Removal of auditors. 20. Distinction between reserves and provisions. 19. Appointment of auditors. Sale returns. 1956. Implications of change in the basis of accounting. Hotels. Goods on consignment. indexed. internet browser and e-mail clients Application software – financial accounting. artificial intelligence. secondary key. Storage techniques: sequential. expert systems. workstation. integers. input output devices. fields. expansion slots. logical. add on cards. grouped fields.word processor. strings. scheduler / planner. special fields like date. payroll. Contents: 1. GB. real. floating. primary key. interpreters and assemblers). variable character fields (Memo). MB. random access including randomizing Logical structure and physical structure of files 58 (c) . multi media cards. buffers. ports (serial. storage devices (b) BUS. I/O CO processors. key. random. double precision. referential integrity. DBMS. direct access. Retrievals and Data Base Management Systems (a) (b) Data and information concepts: bits. Introduction to Computers (a) Computer hardware Classification of computers – personal computer. parallel. system utilities General purpose software/ utilities . servers and super computers Computer components – CPU. controllers and drivers Computer software Systems software – operating system. Data Storage. foreign key. block sequential. inventory Specialised systems – Enterprise Resource Planning (ERP). decision support systems – an overview 2. fixed. sequential access. on board chips. LAN cards. TB Data organization and access Storage concepts : records. cache memory. translators (compilers. characters. USB ports). index fields. bytes.IPCC Prospectus Paper 7: Information Technology and Strategic Management (One paper – three hours – 100 marks) Level of Knowledge: Working knowledge Section A: Information Technology ( 50 Marks) Objective: To develop an understanding of Information Technology and its use by the business as facilitator and driver. KB. spread sheet. recycling of backups. hub. backup schedules. mail servers. DML and DDL (query and reporting). client server databases.NIC. data dictionaries. TCP/IP. threats and vulnerabilities. ethernet transmission technologies and protocols – OSI. Network operating system (b) (c) Local Area Networks – components of a LAN. security levels. advantages of LAN Client server technology Limitation of single user systems and need for client server technology Servers – database. WAN. chat servers. MAN. knowledge databases (d) (e) (f) 3. functionalities. supply chain management. internet servers. repeater. administration. frequent checking of recovery of backup Usage of system software like program library management systems and tape and disk management systems – features. B2C. Mobile commerce. architecture : token ring. distributed data bases. star. mesh. types (B2B. ring. techniques 4. object oriented databases. e-commerce security. application. print servers. ISDN etc. applications of internet. bluetooth and Wi-Fi (c) 5. modem Network topologies – bus. bridge.an overview Computer Networks & Network Security (a) Networking concepts – need and scope. offsite backups. hybrid. switch. Electronic Fund Transfers (EFT). Electronic Data Interchange (EDI). primary delivery centre and disaster recovery site Network security need. intranets. extranets. models. COM+) (d) (e) Data centres: features and functions. IDS Introduction to 3-tier and “n” tier architecture (COM. gateway. CRM. router. Backup and recovery – backup policy.IPCC Prospectus (c) DBMS models and classification: Need for database. C2C).nature. transaction servers. benefits Classification: LAN. Internet and other technologies (a) (b) Internet and world-wide web. Flowcharts. advantages Data mining and data warehousing . client server Components . internet protocols E-commerce . peer-to-peer. VPN. payment portal. Decision Tables. 59 . total quality management. product or service. legal/political. 60 . leadership and behavioural challenges. Business Environment General environment . macro-economic. Business Policy and Strategic Management Meaning and nature. vision. 3. stages. To be able to solve simple cases. 2. and global. financial strategy. Strategy Implementation and Control Organisational structures. strategic levels in organisations. Formulation of Functional Strategy Marketing strategy. 7. socio-cultural. Strategic Analyses Situational analysis – SWOT analysis. establishing strategic business units. human resource strategy. logistics strategy. establishing profit centers by business. technological. 4.IPCC Prospectus Section B: Strategic Management (50 marks) Objectives: (a) (b) (c) To develop an understanding of the general and competitive business environment. To develop an understanding of strategic management concepts and techniques. TOWS matrix. contemporary strategic issues. benchmarking. alternatives. mission and objectives. Reaching Strategic Edge Business process re-engineering. market segment or customer.demographic. production strategy. strategic management imperative. Strategic Planning Meaning. competitive environment.BCG matrix. six sigma. Contents: 1. portfolio analysis . strategy formulation. 5. 6. Society’s Moolji Jaitha College MUMBAI Malad Kandivali Education Road No.IPCC Prospectus Annexure IV ACCREDITED INSTITUTIONS FOR CONDUCTING ORAL COACHING CLASSES PROFESSIONAL COMPETENCE COURSE / INTEGRATED PROFESSIONAL COMPETENCE COURSE/ ACCOUNTING TECHNICIAN COURSE AS ON 15. Navrangpura.O. AHMEDABAD-380 014 H. Jain Derasar. SURAT .P. Centre for Professional Education (HLCPE) Prin. Box No. Usmanpura Under Chartered Accountants of India Bridge. Shah Commerce College RAJKOT Lt. ADIPUR (KUTCH) -370 205 GUJARAT ADIPUR (KUTCH) AHMEDABAD Ahmedabad Branch of ICAI BHAWAN 123. Jawaharlal Nehru Marg. Nr.C.L. Society’s Nagindas Khandwala Road.org for updated list.V. College Campus.2009 [Students are advised to visit our website www.C.1. AHMEDABAD .icai. KOLHAPUR – 416 003 JALGAON -425 002 (MS) JALGAON K. Ashram Road. M. RAJKOT – 360 001 Athwalines.11.380 014 Kasturba Road. Naranpura. Tarabai Park. S. College of Commerce MUMBAI – 400 064 and Arts 61 .395 001 SURAT MAHAKOLHAPUR RASHTRA Deshbhakt Ratnappa Kumbhar KOLHAPUR – 416 002 College of Commerce Vivekanand College 204 E. University Road. Opp.E. Malad (West).L. This list is updated on 3rd of every month] WESTERN REGION State City Name of the Institute Tolani Commerce College Address of the Institute P. Meenaben Jayantilal Kundaliya English Medium Mahila Commerce College Surat People’s Bank Vanijya Vidya Bhavan ‘s Sir K. 27. Sardar Patel WIRC of the Institute of Colony. College of Commerce H. Bhadran Nagar. AHMEDABAD – 380 009 Navgujarat Campus. Samyuktha ANAKAPALLE – 531 001 M. Hanuman Tekdi. Kachiguda Station Road. MUMBAI – 400 080 Vile Parle (W) MUMBAI . HYDERABAD – 500 095 Bhagyanagar. DOMBIVLI (E) – 421 201 MAHARASHTRA. NEW MUMBAI – 400 705 Thakur College of Science & Thakur Village.G.T. Sector 15A. HYDERABAD –500 020 Badruka College Campus.J. Shikshan Prasarak Mandal’s Pragati College of Arts and Commerce Pragati College Road.A. Dattanagar.S.Z.S. Junior College HYDERABAD Aurora’s Degree College Badruka Institute of Professional Studies Pragati Maha Vidyalaya Degree and P. Commerce and Science College SOUTHERN REGION State City Name of the Institute Address of the Institute ANDHRA ANAKAPALLE Samyuktha Health & Gandhinagar.400 056 Vashi. Juhunagar. Kukatpally HYDERBAD – 500 072 145. NEW PANVEL NEW PANVEL Changu Kana Thakur Arts. HYDERABAD – 500 027 Kandaswamy Lane. College MNR Degree College SECUNDERABAD Wesley Degree College Chikkadpally. MUMBAI – 400 101 DOMBIVLI T.M.IPCC Prospectus Dhirajlal Talakchand Sankalchand Shah College of Commerce. Mulund (West). College of Commerce) Parle Tilak Vidyalaya Association’s Mulund College of Commerce Narsee Monjee College of Commerce & Economics Rayat Shikshan Sanstha’s Karmaveer Bhaurao Patil College Kurar Village. Mclntyre Road. Kachiguda. Anand Theatre VIJAYAWADA – 520 010 62 .) PRADESH Academic Society’s. Opp. MUMBAI – 400 097 Sarojini Naidu Road. Commerce Kandiwali (E). (Vizag Distt. (D. Malad (East). Joseph’s College Calicut Branch of SIRC of the Institute of Chartered Accountants of India ERNAKULAM (KOCHI) St. Bogadhi. Diwan’s Road. No. KOCHI . UDUPI . CA Site No. Ist Floor. Kunjibettu. Eranhipalam P. CALICUT – 673 008 (Kerala) Cherootty Nagar. 11th Main. BANGALORE – 560 010 II Block. Opp. BANGALORE – 560 010 Tilakwadi. First Grade College St. KOCHI – 682 016 UDUPI KERALA CALICUT St. Rajajinagar. USA Centre Coen Road HUBLI-580 020. BANGALORE – 560 025 Seshadripuram Educational Trust # 27 Nagappa Street. Seshadripuram BANGALORE – 560 020 No.L. Sri Sai Mandira Road. ‘D’ Block. 3rd Cross.39-15-2/A. Accountants of India MYSORE – 570 026 Upendra Pai Memorial College Udupi Branch of SIRC of the Institute of the Chartered Accountants of India Kunjibettu. Near Planetarium. Andhra Jyothi VIJAYAWADA – 520 010 Sunkesala Road. Joseph’s College of Commerce Seshadripuram Evening Degree College Sri Sai College D. Jayanagar. KURNOOL – 518 004 35/1. BANGALORE – 560 011 163(73). Aloysius College MYSORE Mysore Branch of SIRC of the ‘ICAI Bhawan’.O. 2.H. Joseph’s P.E’s S. College B. 1839.No.B. Sri Mahalasa Damodar Towers. 2nd Floor.G. Rajajinagar.IPCC Prospectus VIJAYAWADA Sri Balaji Degree College KURNOOL KARNATAKA BANGALORE St. Fourth Block. CALICUT – 673 006 P. Institute of Chartered Bank Employees Colony. Albert’s College Ernakulam Branch of SIRC of the ICAI 63 .S. MANGALORE – 575 003 K.. Nijalingappa College BELGAUM HUBLI Karnatak Law Society’s Gogte College of Commerce Hubli Branch of SIRC of the Institute of Chartered Accountants of India MANGALORE St. 2nd Stage. UDUPI – 576 102 “ICAI Bhawan”.682 018 57/3146. 3043. Brigade Road. Ernakulam.576102 Devagiri. BELGAUM – 590 006 A-12-18. B. IX/569.636106 R. Mylapore.691 006 Kuttikkanam KERALA KUTTIKKANAM TAMILNADU CHENNAI Sindhi College of Arts & Science 146. College of Arts & Science Salem Branch of the SIRC of the Institute of Chartered Accountants of India 64 65.S. COIMBATORE – 641 002 COIMBATORE PSG College of Arts & Science Coimbatore Branch of SIRC of the Institute of Chartered Accountants of India ERODE KARATTADI PALAYAM MADURAI Kongu Arts and Science College Nanjanapuram.O. THRISSUR – 680 001 TRIVANDRUM Trivandrum Branch of SIRC of P. Sakthan Thampuran Nagar.B. 99 P.678 006 TRICHUR – 680 001 “ICAI Bhawan”.41/401. D. Poonamalle High Road. Thottada. CHENNAI – 600 077 Ramakrishna Mission College Loyola College 98. Accountants of India TRIVANDRUM – 695 014 KOLLAM Quilon Branch of SIRC of the Institute of Chartered Accountants of India Marian College “ICAI Bhawan” Pallithottam KOLLAM .S.V. Near Thiruverkadu Temple Arch. Memorial Building.636 007 .416. the Institute of Chartered Pound Road. COIMBATORE – 641 014 M. Road. Near Heart Hospital. Aruppukottai Studies. CHENNAI – 600 034 Civil Aerodrome Post. KANNUR . SALEM . Gobi Arts & Science College Gobichettipalayam. Puram. MADURAI – 625 022 Attur Main Road. Numbal. Nungambakkam. Thomas College. Institute of Management SALEM A. Sivasami Vivekananda Salai. SALEM. No. ERODE – 638 107College. Ramakrishna Road. CHENNAI – 600 004 Sterling Road. Trichur Branch of SIRC of The Institute of Chartered Accountants of India P.S. Road. R. KARATTADIPALAYAM – 638 453 (TAMILNADU) TVR Nagar.No. Thycaud.670 007 PALAKKAD .S.IPCC Prospectus KANNUR PALAKKAD THRISSUR Shree Narayana College Mercy College St.S.C.L. Ramalingapuram. T. 8. 456 010 R-4.302 352 65 MADHYA JABALPUR PRADESH UJJAIN RAJASTHAN JAIPUR Jaipur Branch of CIRC of the ICAI .A. Sector – 6.CUTTACK –753 014 77. Sector No. Sen-Releigh Road.S. JAIPUR . Institutional Area Jhalana Doongari JAIPUR . UJJAIN .302 012 D-1. MC Donald’s Road. Technology & Research Academy (SASTRA) KSR Kalvi Nagar. KOLKATA – 700 025 Kalyanpur Housing More. MGPS Vidhyadhar Nagar. Navakheda Post. 28. TIRUCHENGODE – 637 209 (Namakkal District) Green House Apartments. ASANSOL – 713 304 5/2 A. C. College of Arts & Science Tiruchirapalli Branch of SIRC of the Institute of Chartered Accountants of India Shanmugha Arts.711 204. Asutosh Mookerjee Road.IPCC Prospectus TIRUCHENGODE TIRUCHIRAPALLI K. Science. Height Road. R. College of Commerce & Economics Takshshila Junior College Biyani (G) Commerce College Address of Institute Civil Lines JABALPUR . Liluah HOWRAH . Cantonment. 3 OPP.482001 Gram Mindia.D. TIRUCHIRAPALLI – 620 001 KUMBAKONAM – 612 001 (Tamil Nadu) KUMBAKONAM EASTERN REGION State ASSAM ORISSA WEST BENGAL City JORHAT CUTTACK KOLKATA ASANSOL Name of the Institute Jagnath Burooah College Institute of Professional Studies & Research Bharatiya Vidya Bhavan Asansol Branch of EIRC of the Institute of Chartered Accountants of India Shree Agrasain College Address of the Institute Borpatru Ali. HOWRAH CENTRAL REGION State City Name of the Institute G. JORHAT – 785 001 Ipsar House.S. Bhowanipore. T. Near R. NEW DELHI – 110 016 Nehru Nagar. G. NEW DELHI . LUCKNOW – 226 010 Roorkee Dehradun Road.110 065 Sheikh Sarai. Garh Road. Gomti Nagar.V.247 667 UTTARA KHAND ROORKEE NORTHERN REGION State DELHI City NEW DELHI Name of the Institute Laxman Public School P. DELHI – 110 007 66 .IPCC Prospectus UTTAR MEERUT PRADESH LUCKNOW College of Professional Education Lucknow Branch of CIRC of the Institute of Chartered Accountants of India Bishamber Sahai Degree College A-1. Damodar Colony. Phase – II NEW DELHI – 110 017 Mahavir Institute of Educational C/o Mahavir Senior Model School. Vikash Khand – I. Training and Management Opp. Ring Road.A. College Saheed Bhagat Singh College Address of Institute Hauz Khas Enclave.P. Karnal Road. Bagh.Nanak Piao Gurudwara. MEERUT ‘JAGRITI’.D. ROORKEE . Institutional Area.G. Communication and Ethics Paper 3 : Cost Accounting and Financial Management Paper 4 : Taxation Group II Paper 4 : Cost Accounting and Financial Management Group II Group II Paper 4 : Cost Accounting and Financial Management Paper 5 : Taxation Paper 6 : Information Technology and Strategic Management Group II Paper 5 : Advanced Accounting Paper 6 : Auditing and Assurance Paper 7 : Information Technology and Strategic Management Paper 4 : Cost Accounting Paper 5 : Income Tax and Central Sales Tax Paper 5 : Income Tax and Central Sales Tax Paper 6 : Organisation & Management Paper 6 : Information Technology and Fundamentals of Electronic Data Processing IPCC Prospectus 67 . Group I Paper 1 : Accounting INTERMEDIATE EXAMINATION (AS PER PARAGRAPH 2A TO SCHEDULE ‘B’) Group I Paper 1 : Accounting Paper 2 : Auditing Paper 3 : Business and Corporate Laws Paper 3 : Law./ ACCOUNTING TECHNICIAN EXAM.Annexure V INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION (IPCE) ACCOUNTING TECHNICIAN EXAMINATION (ATE) GROUP-WISE COMPARISON OF PAPERS PROFESSIONAL EDUCATION (EXAMINATION .II) PROFESSIONAL COMPETENCE EXAMINATION INTEGRATED PROFESSIONAL COMPETENCE EXAM. Ethics and Communication Paper 1 : Advanced Accounting Paper 2 : Auditing and Assurance Group I Group I Paper 1 : Advanced Accounting Paper 2 : Auditing Paper 3 : Corporate and Other Laws Paper 2 : Business Law. Ethics and Communication Group II Paper 4 : Cost Accounting and Financial Management Paper 5 : Taxation Paper-6 : Information Technology and Strategic Management Group I : Paper 3 Cost Accounting and Financial Management Group I : Paper 4 Taxation Group II : Paper 7 Information Technology and Strategic Management Group I : Paper 1 : Accounting and Group II : Paper 5 : Advanced Accounting Group II : Paper 6 : Auditing and Assurance Group I : Paper 2 : Business Law. 1988 Group I Paper 1 : Advanced Accounting Paper 2 : Auditing and Assurance Paper 3 : Law.68 IPCC Prospectus PAPER-WISE EXEMPTION TO THE CANDIDATES APPEARING IN INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION / ACCOUNTING TECHNINCIAN EXAMINATION FOR THE UN-EXPIRED CHANCE (S) ON THE BASIS OF HAVING SECURED A MINIMUM OF 60 PERCENT MARKS IN A PAPER IN THE EARLIER EXAMINATIONS Papers of the Professional Competence Examination (PCE) passed under Regulation 28C (3) of the Chartered Accountants Regulations. 1988 Group I Paper 1 : Accounting Paper 2 : Auditing Paper 3 : Business and Corporate Laws Group II Paper 4 : Cost Accounting and Financial Management Paper 5 : Income Tax and Central Sales Tax Paper 6 : Information Technology . Communication and Ethics Paper-wise exemption in Integrated Professional Competence Examination (IPCE)/Accounting Technician Examination (ATE) under Regulation 28D of the Chartered Accountants Regulations. 1988 Papers of the Professional Education (Examination – II) passed under Regulation 28B (5) of the Chartered Accountants Regulations. Communication and Ethics 6. Organisation & Management and Fundamentals of Electronic Data Processing/Information Technology/ Information Technology and Strategic Management IPCC Prospectus 69 .ACCOUNTING TECHNICIAN COURSE (ATC) GROUP PASSED UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II) OR PROFESSIONAL COMPETENCE EXAMINATION EXEMPTIONS ENTITLED FOR IN ACCOUNTING TECHNICIAN EXAMINATION DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN ATE UNIT – 1 Group I Paper 1 : Accounting ATE ` 1.000/- EXAMINATION FEE Group I 1. Income Tax and CST/Taxation Group I Paper 1 : Accounting Group I Paper 2 : Business Law. Cost Accounting/Cost Accounting and Financial Management ` 1. Auditing/Auditing and Assurance Group I Paper 2 : Business Law. Corporate and Other Laws/ Business and Corporate Laws/Law. Communication Group I Paper 3 : Cost Accounting and Financial and Ethics Management Group I Paper 4 : Taxation 3. Advanced Accounting/Accounting 2. Ethics and Communication Group II Group I Paper 3 : Cost Accounting and Financial Management Group I Paper 4 : Taxation UNIT – 2 ATE Fee is at par with group-wise appearance 4.000/Fee is at par with group-wise appearance 5. Advanced Accounting / Accounting ` 1. Auditing / Auditing and Assurance Group II Paper 5 : Advanced Accounting 3. Ethics Group II Paper 6 : Auditing and and Communication Assurance Group I Paper 2 : Business Law. Corporate and Other Laws / Business and Corporate Laws / Law.000/Fee is at par with group-wise appearance 2. Communication and Ethics Group I Paper 3 : Cost Accounting and Financial Management Group I Paper 4 : Taxation Group II Paper 7 : Information Technology and Strategic Management AND CANDIDATE AFTER PASSING GROUP I OF ATC : Group I Paper 3 : Cost Accounting and Financial Management Group I Paper 4 : Taxation .70 IPCC Prospectus INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC) (OPTING FOR IPCC AFTER PASSING ATE/(GROUP I OF IPCE) EXEMPTIONS ENTITLED FOR IN INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION GROUP II DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN (IPCE) EXAMINATION FEE GROUP PASSED UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II) OR PROFESSIONAL COMPETENCE EXAMINATION Group I Paper 1 : Accounting and UNIT – 3 Group I 1. Advanced Accounting / Accounting 2.000/Fee is at par with group-wise appearance 1. Organisation & Management and Fundamentals of Electronic Data Processing/ Information Technology/ Information Technology and Strategic Management IPCC Prospectus 71 . Auditing / Auditing and Assurance 3. Ethics and Communication UNIT – 5 Group II Paper 5 : Advanced Accounting Group II Paper 6 : Auditing and Assurance ` 1. Corporate and Other Laws / Business and Corporate Laws / Law. Income Tax and CST/ Taxation 6.000/Fee is at par with group-wise appearance Group II Paper 7 : Information Technology and Strategic Management Group II (Group II passed and opts Group II in IPCE) 4. Cost Accounting / Cost Accounting and Financial Management 5. Communication and Ethics ` 1.INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC) GROUP PASSED UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II) OR PROFESSIONAL COMPETENCE EXAMINATION EXEMPTIONS ENTITLED FOR IN INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN IPCE Group I Paper 1 : Accounting and Group I Paper 3 : Cost Accounting and Financial Management Group I Paper 4 : Taxation UNIT – 4 EXAMINATION FEE Group I (Group I passed and opts Group I in IPCE) Group I Paper 2 : Business Law. Corporate and Other Laws / Business and Corporate Laws / Law. Auditing / Auditing and Assurance 3.000/Fee is at par with group-wise appearance Group II Group I Paper 3 : Cost Accounting and Financial Management Group I Paper 4 : Taxation (Group II passed and opts Group I in IPCE) 4. Communication and Ethics ` 1. Advanced Accounting / Accounting Group II Paper 7 : Information Technology and Strategic Management 2. Cost Accounting / Cost Accounting and Financial Management 5. Organisation & Management and Fundamentals of Electronic Data Processing / Information Technology / Information Technology and Strategic Management .000/Fee is at par with group-wise appearance 1. Income Tax and CST / Taxation 6.72 IPCC Prospectus INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC) GROUP PASSED UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II) OR PROFESSIONAL COMPETENCE EXAMINATION EXEMPTIONS ENTITLED FOR IN INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN IPCE Group II Paper 5 : Advanced Accounting UNIT – 6 EXAMINATION FEE Group I (Group I passed and opts Group II in IPCE) Group II Paper 6 : Auditing and Assurance ` 1. Ethics and Communication UNIT – 7 Group I Paper 1 : Accounting Group I Paper 2 : Business Law. Corporate and Other Laws / Business Group I Paper 2 : Business Law. Auditing / Auditing and Assurance 3. Communication and Ethics Group II Paper 5 : Advanced Accounting Group II Paper 6 : Auditing and Assurance Group II Paper 5 : Advanced Accounting Group II Paper 6 : Auditing and Assurance EXAMINATION FEE Group I (Group I passed and opts for both Groups in IPCE) ` 1. Ethics and Ethics and Communication Group II (Group II passed and opts for Both Groups in IPCE) ` 1. Communication and Corporate Laws / Law.600/Fee is at par with both groups appearance 4.INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC) GROUP PASSED UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II) OR PROFESSIONAL COMPETENCE EXAMINATION EXEMPTIONS ENTITLED FOR IN INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN IPCE Group I Paper 1 : Accounting UNIT – 8 Group I Paper 3 : Cost Accounting and Financial Management Group I Paper 4 : Taxation Group II Paper 7 : Information Technology and Strategic Management UNIT – 9 Group I Paper 3 : Cost Accounting and Financial Management Group I Paper 4 : Taxation Group II Paper 7 : Information Technology and Strategic Management Group I Paper 1 : Accounting Group I Paper 2 : Business Law. Advanced Accounting / Accounting 2. Cost Accounting / Cost Accounting and Financial Management 5.000/Fee is at par with both groups appearance 1. Organisation & Management and Fundamentals of Electronic Data Processing / Information Technology / Information Technology and Strategic Management IPCC Prospectus 73 . Income Tax and CST / Taxation 6. 15 hrs. 3 hrs. 5 hrs. 6 hrs. 10. 12 hrs. 5 hrs. 12. Topic Computer Fundamentals Operating Systems MS-Word MS-Excel MS-Power Point Data Bases MS-Office utilities Accounting package Computer Aided Audit Techniques Web Technology & System Security & Maintenance Introduction to Visual Basic Digital Signature and Verification of Electronic Record Total Duration 1 hr. 2 hrs. 2. 100 hrs. No. 11. 15 hrs.IPCC Prospectus Annexure VI 100 hours Information Technology Training Programme Syllabus Sl. 1. 6. 7. 9. 5. 20 hrs. 6 hrs. STRUCTURE OF EXAMINATION: Weightage Out of 100 60 marks 20 marks 20 marks 60 marks (in aggregate) Online examination Project report to be evaluated by the BOS Module tests Pass marks 74 . 10 hrs. 3. 8. 4. Introduction to operating systems An overview of various operating systems (Unix / Linux. Getting started with MS-Word Document creation – how to create document Word document manipulation Mail merge Printing a word document Duration : 6 hours (TTT : 2 hours) Tables handling Formatting the Tables Inserting. cache memory. add on cards. ports (serial and parallel). LAN cards. DOS. multi media cards. I/O CO processors. buffers. controllers and drivers I/O devices (Demonstration of the computer system) Duration: 1 hour (Target teaching time (TTT) : 1 hour) - OPERATING SYSTEMS A B. Introduction to MS-Word 2000 B. expansion slots. Windows) C. on board chips. Features of latest windows operating systems Duration : 6 hours (TTT : 1 hour) (TTT : 2 hours) (TTT : 3 hours) Introduction to Word Processor A. filling and formatting a table Designing complex Tables (TTT : 1 hour) 75 . Introduction to Computer Introduction to computers Characteristics of computers The computer system Categories of computers (micros to super computers) Parts of computers: CPU.IPCC Prospectus SYLLABUS Total duration: 100 hours COMPUTER FUNDAMENTALS A. BUS. Finding. Creating Macros Sending e-mail from word Import / Export of files Converting word document to web document.IPCC Prospectus C. PDF files Hyperlinks and OLE Security features in MS-Word Protection of documents Password for documents Checking for viruses in macros (TTT : 2 hours) Introduction to Electronic Spread Sheets A. Introduction to MS-Excel 2000 Applications of electronic spreadsheets Features of MS-Excel Starting MS-Excel What is a workbook? Using sheets in a workbook Entering data Entering series Editing data Clearing cells Saving a workbook Closing a workbook Quitting MS-Excel Duration: 15 hours (TTT : 1 hour) 76 . replacing and proofing text Finding and replacing text Editing and Proofing Text Spell check and correction Grammar check and correction Image handling (TTT : 1 hour) D. Ranges and Functions Cell referencing Ranges Range names Formulae Functions: mathematical. stacked bars. Auto sum Auto calculate Using names in a formula Formula error messages Formula editing Copying formulae (TTT : 2 hours) Formatting Worksheets and Creating Charts Working with worksheets Restructuring worksheets Formatting data Entering data quickly Creating charts Graphical presentation: such as lines. Data Forms and Printing Database Data form Sorting data Filtering Creating subtotals Pivot table Printing in excel (TTT : 3 hours) E.IPCC Prospectus B. bars. EMI (equated monthly instalments. compounding yearly. Creating Macros Import/export of data for MIS (TTT : 3 hours) 77 . Cell Referencing. future value. periodic and monthly) C. pie D. statistical (TTT : 3 hours) Financial Functions such as NPV (net present value). IRR (internal rate of return). Data analysis through Excel (TTT: 3 hours) Introduction to Presentation Software A. Working with Slides. Slide Show and Printing Presentation Opening a presentation Changing the order of the slides Editing the slide master Changing the colour schemes Changing the background (TTT : 3 hours) 78 . Use of wizards and templates Preparing presentations Slides Handouts Speaker’s notes Outlines Media clips Charts Graphs Duration: 5 hours (TTT : 1 hour) Starting MS-Power Point The MS-Power Point window The MS-Power Point views Presentations and slides Creating a new presentation Creating a new slide Changing the layout for a slide Deleting a slide Running a slide show Saving a presentation (TTT : 1 hour) C.IPCC Prospectus Opening non-excel files in excel Using passwords/protecting worksheets Spreadsheet applications F. Introduction to MS-Power Point 2000 B. relational (RDBMS) DDL (Data Definition Language) DML (Data Manipulation Language) DA (Data Administration) SQL (Structured Query Language) B. Data base Basics Duration: 15 hours (TTT : 2 hours) Types of databases: list.IPCC Prospectus - Adding text Adding clip art /scanned objects Working with word art Drawing objects Working with slide show Setting up a slide show Controlling the slide show Adding the transitions to the slide show Special effects in detail Setting slide timings Printing a presentation Pack and go Creating and using standard templates DATA BASES A. hierarchical. network. Introduction to Data Base Management System(DBMS) Introduction to MS Access What is MS-Access? What are databases used for? Component of databases Opening file in access Managing databases from the database/ access wizard Navigating in access Navigating with the databases/access wizard Entering data in a database (TTT : 2 hours) 79 . IPCC Prospectus C. Entering data by hand Entering data using a form Importing information into a database Linking a table from another database Exporting information from a database Saving information in a database Closing a database and existing access (TTT : 2 hours) Building and Customizing a Database Building databases using the access Building a database by self Working with tables Building tables with the table Renaming the table Working with forms What is a form? Creating a form with the form wizard Working with the form wizard Working with the form Modifying a form D. Programming Structured Query Language (SQL) Creating macros Saving & executing a macro Running a macro (TTT : 5 hours) E. Working with Queries and Reports Working with queries Creating a query Modifying a query (TTT : 3 hours) Working with reports 80 Creating a report with the report wizard Creating a report with auto report Opening a report IPCC Prospectus F. Applying an auto format to the report Report sequence, data source Page size, margins (left, top, right, bottom) Report headers Page headers, numbers, reporting date, for the period details, page footers Columns (column source, title, formatting numeric, character, date, amount (DR/ CR),totaling) Group suppression of repeated lines Inter column space Groups (group bands, grouping fields) Detailed reports, summary reports Report output controls (pages, control totals, summary) Printing of reports (including lables) (TTT : 1 hour) Importing and linking data Compacting a database Backing up a database Other Utilities and Office Automation Tools A. B. Scheduler, Calendar, Microsoft Binder Outlook 2000 Configuring outlook for your email. Duration : 3 hours (TTT : 1 hour) (TTT : 2 hours) Sending, receiving and managing the email , mail polling, mail merge to a database file. Sending and viewing attachments. Acting on messages Recalling, printing, and moving messages Searching for, and subscribing to, mailing lists. Using outlook to subscribe to, and viewing newsgroups Accounting Packages A. Basic Concepts relating to Financial Accounting Chart of accounts, concept of financial year The general ledger master (entering opening balances) Duration : 20 hours (TTT : 3 hours) 81 IPCC Prospectus - Grouping of GL accounts The sub ledger master (entering party accounts debtors and creditors) Types of sub ledger (open type and brought forward type) Types of transactions [main cash receipts and payments, petty cash receipts and payments, bank deposits, cheques and bank charges, journal vouchers (debits and credits)] (TTT : 3 hours) B. Introduction to any Window based Accounting Package Installing & starting the package Setting up a new company Setting up account heads Voucher entry Viewing & editing data C. Generating Books of Accounts Daybooks (cash, bank, columnar analysis type, journals) Postings (TTT : 4 hours) Printing of checklists, reports such subsidiary ledgers, general ledgers Finalisation Financial statements (trial balance, profit and loss / balance sheet) Closing and reopening of books for subsequent financial years after audit. (TTT : 6 hours) D. Financial Analysis Tools - Cash flow, funds flow statements, ratio analysis, budget vs. actual expenditures, sales analysis, trend analysis, consolidation, security review Backup, restore, audit trail/transaction trail Accessing database, querying, exporting data from MS_EXCEL/MS_ACCESS for financial analysis (TTT : 2 hours) E. Weaknesses to look for in Accounting Packages Password controls not strong Lack of the following Audit Trails Authorisation signature Log of data modification Log of deleted data Log of user accesses of files Before and after images of altered data 82 slab. upper limit. master missing System and inter system tests Reasonableness checks (materiality) (TTT : 3 hours) Audit Techniques Review of systems Test data checking (simple. sign test. Group of fields tests Record level tests Group of records test Table level tests and checks such as control totals. lower limit. check digits B. valid codes. alpha. range.IPCC Prospectus Missing and duplicate serial numbers Warning on duplicate entries Unauthorised modification of heads of account Non-provision for freezing entered data Back up provisions inadequate Limited number crunching capacity Easy exit to operating system Usage of unencrypted files Inadequate controls on automatic entries Inflexibility of document formats Inability to add / rename fields (TTT : 2 hours) Introduction to Other Accounting Packages Computer Aided Audit Techniques A. hash totals Inter table tests like master present. Controls and Auditing in Computer Environment Frequently used checks such as Duration : 12 hours (TTT : 2 hours) Field checks numeric. compound and complex errors) Test data pack Test data generation Parallel processing Parallel programming 83 . D. Internet Mailing services Internet addressing Browser www Placements Duration : 10 hours (TTT : 2 hours) Telnet. Web Technology B. defragmentation. Source code review Examination of audit trail Log file review Random sampling techniques Using generalized audit software Using audit routines as part of regular software Using separate audit programs Audit systems Audit of systems development process (including system documentation) Audit of SDLC (Systems Development Life Cycle) Pre / Concurrent / Post audit of transactions (TTT : 3 hours) Cyber Audit using remote logins Audit by simulation of errors. tracking record deletion) system security (password. network setting) 84 .IPCC Prospectus C. Internet Telephony Reference sites Internet security& System security - (TTT : 1 hour) (TTT : 1 hour) (TTT : 2 hours) System preventive maintenance (virus scan. junk file deletion. offline. Data Extraction and Analysis Tools using SQL commands Different Tools available in RDBMS / ERP useful in Audit (TTT : 2 hours) (TTT : 2 hours) Web Technology & System Security and Maintenance A. offsite backups Audit of system security such as logins. E. access rights System performance audit D. frauds Audit of data security such as online. C. IPCC Prospectus E. Electronic Data Interchange (EDI) What is EDI? Components of EDI (TTT: 2 hours) Introduction to Visual Basic Digital Signature and Verification of Electronic Record (5 hours) (2 hours) 85 . E-Commerce Web commerce Advertisement Purchase online Payment gateways (TTT: 2 hours) F. 23. 17. 86 . 20. 35. Haryana H. Orissa Punjab School Education Board Board of Secondary Education. 11. 25. 33. P. 3. 10+2 Examination of any other recognized Board/University not covered above but recognized by Association of Indian Universities (AIU) as equivalent to Senior Secondary (10+2) Examination as recognized by Central Government. Rajasthan Tamil Nadu State Board of School Examinations Tripura Board of Secondary Education U. 5. Board of High School and Intermediate Education Board of Scholl Education. 28. 14. 10. Madhya Pradesh Council of Higher Secondary Education. Board of Intermediate Education. 15. Andhra Pradesh Assam Higher Secondary Education Council Bihar School Examination Board Central Board of Secondary Education (CBSE) Chhatisgarh Board of Secondary Education Council for Indian School Certificate Examinations (CISCE) Goa Board of Secondary and Higher Secondary Education Gujarat Secondary & Higher Secondary Education Board of School Education. 29.IPCC Prospectus Annexure VII List of Examinations treated as equivalent to Senior Secondary Examination: 1. 16. 30. 31. 8. 34. 18. 24. Board of School Education J & K State Board of School Education Jharkhand Academic Council Government of Karnataka Department of Pre-University Education Kerala Board of Higher Secondary Education Maharashtra State Board of Secondary & Higher Secondary Education Board of Secondary Education. 7. 4. State Open School National Institute of Open Schooling Rajasthan State Open School The West Bengal Council of Ravindra Open Schooling Banasthali Vidyapith 5 (Five) passes at GCE ‘O’ level/GCSE/IGCSE in A/B/C Grades and two passes at GCE ‘Advanced’ level examination of the approved British Examining Bodies is recognized by the Association of Indian Universities as equivalent to +2 stage qualification of an Indian Body. 22. Manipur Meghalaya Board of School Education Mizoram Board of School Education Nagaland Board of School Education Council of Higher Secondary Education. Uttarkhand West Bengal Council of Higher Secondary Education Chhatisgarh State Open School M. 12. 21. 26. 27.P. 13. 36. 32. 19. 6. 2. P. 9. “Anveshak” 27 Cuffe Parade. Uttaranchal. Post Box No. Fax: 033-30211145 E-mail: ero@icai. Chennai – 600 034 Phone: 044-39893989. Tripura. Delhi . Orissa. Rajasthan. Jammu & Kashmir. Post Box No. Kanpur and New Delhi respectively.org Northern India Regional Council The Institute of Chartered Accountants of India ICAI BHAWAN. A copy of the prospectus will be sent to such students alongwith the study package. Pondicherry. Karnataka. Manipur. 3314 Nungambakkam. M. 16/77B. Fax: 044-30210355 E-mail: sro@icai. Chennai. 314.110032 Phone: 011-39893990. Mumbai – 400 005 Phone: 022-39893989.IPCC Prospectus Where to submit / despatch filled in application form? The application form is to be submitted in consonance with the address of the student as stated below: Gujarat. Mizoram and the Union Territory of Andaman-Nicobar Uttar Pradesh. Students who are submitting application form online are advised to take a print out of the filled in application form. Maharashtra. Anandilal Poddar Sarani. affix the photograph. 52-54.org Eastern India Regional Council The Institute of Chartered Accountants of India ICAI BHAWAN. West Bengal. Tamil Nadu and the Union Territory of Lakshadweep Assam. Fax: 0512-3011173 E-mail: cro@icai. Chhatisgarh and Jharkhand Delhi.G.org Central India Regional Council The Institute of Chartered Accountants of India ICAI BHAWAN. (Russell Street) Kolkata – 700 071 Phone: 033-39893989. Colaba Post Box No. 6081. Kolkata. Fax: 022-39802953 E-mail: wro@icai. Haryana. Sikkim.org Andhra Pradesh. Vishwas Nagar. Himachal Pradesh. 7. Goa and the Union Territories of Daman & Diu and Dadra & Nagar Haveli Western India Regional Council The Institute of Chartered Accountants of India ICAI BHAWAN. Nagaland. Kerala. Civil Lines Kanpur – 208 001 Phone: 0512-3989398. Madhya Pradesh. Fax: 011-30210680 E-mail: nro@icai. 87 .org Southern India Regional Council The Institute of Chartered Accountants of India ICAI BHAWAN 122. Meghalaya. Arunachal Pradesh. Bihar. sign the application form and despatch to the appropriate office of the Institute as stated above. Road. Punjab and the Union Territory of Chandigarh The student should make the draft payable accordingly to Mumbai. 27680537. Dhantoli. 27680946.682 016. 11-5-398/C. 28-A.org Ernakulam Branch of SIRC of the ICAI 57/3146. R. Dewan’s Road. E-mail: jaipur@icai. Community Centre. BANGALORE . Sardar Patel Colony. PUNE .org Baroda Branch of WIRC of the ICAI 2B.Opp. Fax: 079 27680537 E-mail: ahmedabad@icai. 3.org 88 .org Coimbatore Branch of SIRC of the ICAI. ICAI Bhawan. INDORE . they can submit their application forms and can get further details from the following locations: Ahmedabad Branch of WIRC of the Institute of Chartered Accountants of India. SURAT . Millers Tank Bed Area.org Surat Branch of WIRC of the ICAI 3. Fax: 0265 2351151 E-mail: [email protected]. M. Usmanpura Underbridge. NAGPUR -440 012 Ph: 0712 2443968. Behind Vijayanand Society. HYDERABAD . 123. Fax: 0484 2372953 E-mail: ernakulam@icai. Nanpura.S Memorial Building.org Bangalore Branch of SIRC of Institute of Chartered Accountants of India No. Fax: 020 24489732 E-mail: pune@icai. E-mail: [email protected] Indore Branch of CIRC of the ICAI 101. 3207911. Naranpura.395 001 Ph: 0261 2472932. Urvashi Complex.Ramkrishna Chambers.A. Diwan Bahadur Road.org Chandigarh Branch of the Northern India Regional Council of the ICAI Institutional Area. KOCHI . Bahumali Building. Jaldarshan Apartment.641 002. JAIPUR . 8.380 014 Ph: 079 39893989. Fax: 0422 2547764. Ph: 040 23317026.411 002 Ph: 020 24451636. Ph: 0484 2369238.500 004. Jhalana Doongri.org Pune Branch of WIRC of the Institute of Chartered Accountants of India Amber Chambers 5th Floor. Sector-35 B. 30563541/42/43 Fax: 080 22252547.390 005 Ph: 0265 2351151.S. Red Hills.560 052 Ph: 080 30563500. VADODARA . Ist floor. where students are to be registered for CPT/ PCC/Final Course. Fax: 0712 2441196. Budhwar Peth.org Jaipur Branch of CIRC of Institute of Chartered Accountants of India D-1. Opp. 23393182. Ernakulam.org Nagpur Branch of WIRC of the ICAI 20/1. Nr. Institutional Area. Fax: 0172-5067756 E-mail : chandigarh@icai. Email: coimbatore@icai. Fax: 0261 2464413 E-mail: [email protected] Hyderabad Branch of SIRC of Institute of Chartered Accountants of India. 16/0. COIMBATORE . 2707309 Fax: 0141 2700352 E-mail: cro@icai. Ph: 0422 2552872. Fax: 0731 2702471 E-mail: [email protected] Prospectus Besides the offices of Regional Councils.452 001 Ph: 0731 2702875.302 004 Ph: 0141 2705536. E-mail: nagpur@icai. Productivity Road.M. Jaora Compound. 2369258. Ahmedabad . CHANDIGARH -160036 Ph: 0172-5067756. Fax: 040 23393200 E-mail: hyderabad@icai.