SYSTEMATIC STUDIES FOR PROFESSIONALS
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IPCC

Students after passing CPT and 10+2 examination can enroll for Integrated Professional Competence Course (IPCC). In IPCC curriculum only working knowledge of core and allied subjects to accountancy profession is covered, while at the Final course, advanced application knowledge of core and allied subjects to accountancy profession has been intended to be inculcated. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and 3 years of practical training after passing Group-I of IPCC/Accounting Technician (Level-1). This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme.

Neither a stand-alone theory nor a practice without theoretical knowledge would make a professional successful. Moreover, there is a need to develop proper understanding of the business environment and information technology which acts as an important business process driver. It is also essential to sharpen communication skills to be able to work successfully in the competitive business environment.

Therefore, Information Technology Training (ITT) and course on General Management and Communication Skills (GMCS) have been made an inherent part of Chartered Accountancy curriculum.

 
Six subjects and Seven Papers of study in IPCC are –

Group I

Paper 1: Accounting (100 marks)
Paper 2: Business Laws, Ethics and Communication (100 marks)
  Part I:

Part II:
Part III:
Business Laws (30 marks)
Company Law (30 marks)
Ethics (20 marks)
Part III: Communication (20 marks)
Paper 3: Cost Accounting and Financial Management (100 marks)
  Part I: Cost Accounting (50 marks)
  Part II: Financial Management (50 marks)
Paper 4: Taxation (100 marks)
  Part I: Income-tax (50 marks)
  Part II: Service Tax (25 marks) and VAT (25 marks)
     

Group II

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