The Integrated Professional Competence Course (IPCC) is the second stage of the Chartered Accountancy course in India. In the IPCC curriculum, only the working knowledge of the core and allied subjects to the accountancy profession is instilled. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education, and 3 years of practical training after passing Group 1 of IPCC.

Subjects of study in IPCC are:

GROUP-1

  • Paper 1: Accounting (100 marks)
  • Paper 2: Law, Ethics and Communication
Part I Law

· Business Laws: 30 marks

· Company Law: 30 marks

60 marks
Part II Business Ethics 20 marks
Part III Business Communication 20 marks
  • Paper 3: Cost Accounting and Financial Management
Part I Cost Accounting 50 marks
Part II Financial Management 50 marks
  • Paper 4: Taxation
Part I Income Tax 50 marks
Part II Service Tax 25 marks
VAT 25 marks

GROUP-2

  • Paper 5: Advanced Accounting (100 marks)
  • Paper 6: Auditing and Assurance (100 marks)
  • Paper 7: Information Technology and Strategic Management
    • Section A: Information Technology (50 marks)
    • Section B: Strategic Management (50 marks)

Orientation Programme & ITT

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Eligibility Qualification/requirement to enrol for IPCC

  • A candidate is eligible for enrollment in any of the levels of the Integrated Professional Competence Course (IPCC) on passing the 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.
  • A candidate who has already passed the Entrance Examination, Foundation Examination or Professional Education (Examination-I) shall be eligible for enrollment to Integrated Professional Competence Course subject to compliance with relevant conditions.
  • A candidate who was already registered for Professional Competence Examination (Course II) cum articleship shall be eligible for enrollment to Integrated Professional Competence Course subject to compliance with relevant conditions.

Registration Procedure

A student is required to apply for registration in the prescribed form:

A student is required to apply for registration in the prescribed form. A student may buy the Prospectus by remitting Rs. 100. The Registration Application form will be supplied with the Prospectus available at the sales counter of decentralized offices. Alternatively, the application form can be downloaded from the website www.icai.org.While submitting the filled-in application form, a student has to remit Rs. 100 for the Prospectus along with the registration fee.

The Prospectus can also be procured by post from any of the Regional Offices of the Institute on payment of Rs.140 (Rs.40 towards postal charges). Passing requirement under Integrated Professional Competence Course (IPCC) Examination:

Passing requirement under Integrated Professional Competence Course (IPCC) Examination

A candidate shall ordinarily be declared to have passed in both the groups simultaneously if he secures –

at one sitting, a minimum of 40 percent marks in each paper of both the groups, viz., Group I and Group II levels, and a minimum of 50 percent marks in the aggregate of all the papers of both the groups taken together.

In addition, a student who has been granted exemption in a paper or more than one papers of Professional Competence Examination or Professional Education (Examination-II) under Regulation 37A (7) of the Chartered Accountants Regulation 1988, is granted exemption in the corresponding paper in IPCC also but the candidate has to fulfill the passing requirement by securing a minimum of 40 per cent marks in each of the remaining papers of the group and a minimum of 50 per cent marks in the aggregate of all the papers including the exempted paper(s).

Enclosures to be submitted

A student should submit the following along with the IPCC enrolment form:

  1. Along with the IPCC enrolment form, a student must submit the prescribed registration fee in the form of a Demand Draft drawn in favour of the Secretary, The Institute of Chartered Accountants of India payable at New Delhi / Mumbai / Chennai / Kolkata / Kanpur, as the case may be depending upon the place of residence of the student.
  2. A proof of passing the Common Proficiency Test (CPT) 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,

OR

proof of passing Chartered Accountants Entrance Examination or Foundation Examination or Professional Education (Examination – I) subject to compliance with relevant conditions, must be submitted.

Fees Structure

Fees to be paid for various courses of Integrated Professional Competence Course(IPCC):

Orientation Programme Fee

Sr. No. Courses Without Articles (Rs.) With Articles (Rs.)
1 Group I, Group II of IPCC 9,000 11,000*
2 Group I of IPCC 8,000
3 Group II of IPCC 5,000 7,000
4 ICAI 100 Hrs. ITT Training Fee 4,000
5 ICAI 35 Hrs. Orientation Programme Fee 3,000
  • * Includes Registration Fees -5,000,
  • Registration Fees for Orientation Programme -1,000,
  • Registration Fees for ITT Training -2,000,
  • Student’s Activities Fees (to be paid only once at the time of Registration) -1,000 &
  • Articled Training Fee -2,000.

Articled training starts only after passing Group I of IPCC/ATC.

Eligibility for admission to articled training under IPCC & the duration of articled training

Student should pass minimum Group-I or Both groups of IPCC before starting his/ her articled training of 3 years.

Please note that student who passes only Second Group, cannot start his articled training.

The duration of articled training is 3 years for candidates who directly register for IPCC. But for the students who were converted from Professional Competence Course to IPCC, it is 3 ½ years.

Who can register for the CA-Final Examination?
Upon successful completion of both the Groups of IPCC Examination, the candidate may enrol for the CA Final Course.
Who may appear for the CA-Final Examination?
A candidate may appear in the CA Final Examination any time during the last 6 months of 3 years of articled training.
Summary:
A student who has passed both the Groups of CA-IPCC Examination in May 2011 should undergo a 3 Year Articleship from July 2011 to June 2014.

He/she will, therefore, be eligible to appear for the Final Examination in May 2014.

He/she will, therefore, be eligible to appear for the Final Examination in May 2014.’

Examination Pattern of CA-Final

The Final Examination consists of 8 Papers, arranged into 2 groups of 4 Papers, each of 100 marks and 3 hours duration

The Papers are divided into 2 Groups as detailed below.
The candidate may appear in either or both the Groups at a time.
The candidate must successfully complete the 15-day course on General Management and Communication Skills conducted by the Institute of Chartered Accountants of India while pursuing the Final Course and serving the last 12 months of his Articleship.
The candidate must pass both the Groups and complete 3 years of Articleship before enrolling himself/herself with the Institute and being designated a “Chartered Accountant”.

To pass, a student has to obtain a minimum of 40% in each paper, and an aggregate of 50% in all the papers of both the groups together if attempting both the groups, or all the papers of a single group, failing which the student has to reappear in all the papers of that group/s again.
A student has to get through both the groups either at once or separately to be eligible for membership.
However, there are certain exemptions in cases where the student has failed the group but has obtained high marks in one or more papers.
Subjects in CA Final Course (New Syllabus)
Each paper 3 hours-100 Marks

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)

Fee structure

Admission to Final through PCE/PEII
With Articles – Rs.9,000
Registration fee with Board of Studies – Rs.500 (if not paid earlier)
Students Association Fee – Rs.500 (if not paid earlier)
Total – Rs.10,000 (without articles Rs.8,500)

Admission to Final through IPCC
Rs.10,000 + Rs.2000 for article registration fee if not paid earlier
Conversion from Final(Old) Course to Final(New) Course
Rs.1,100 towards cost of study material
Final course registration fee Rs.10,000
Exam Fee Rs.2,250

Where to pay
The registration fee may be paid in the form of a Demand Draft or a Challan as per the details provided in the application/prospectus, and be submitted along with the application for registration.

Downloading Applications
You can download the Final Registration Application Form from the Students » Course Registration Forms »Download Page of the ICAI website (www.icai.org).
Candidates using a downloaded application for registration have to have to pay the cost of the application Rs.500) along with the registration fee.

Certificates to be Furnished
Following certificates need to be sent along with the registration application
Attested photocopies (Original Certificates need not be sent) of IPCC mark sheet
Pass certificate of 100 hours Information Technology Training