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Intermediate (Integrated Professional Competence) Course (IPC)

  
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Intermediate (Integrated Professional Competence) Course (IPC) is next level after clearing CPT for pursuing CA Course and it is first level for students registering under Direct Entry. IPC is held twice a year i.e.in the month of May & November.

Candidates registered for Intermediate (Integrated Professional Competence) Course are required to complete 35 hours Orientation Programme and 100 hours Information Technology Training (ITT) to become eligible for commencement of three years practical training/ article training. Student while undergoing Articled Training is eligible for stipend also.

Skill required to attempt Intermediate (IPC) course

  • 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.

Eligibility qualification for Intermediate (IPC) Course

Eligibility qualification/ requirement to enroll for Intermediate (IPC) course:

(i) A candidate is eligible for enrolment to any of the level(s) of the Intermediate (IPC) Course on passing the Common Proficiency Test

(ii) A candidate who has already passed Entrance Examination or Foundation Examination or Professional Education (Examination-I) shall be eligible for enrolment to Intermediate (IPC) Course subject to complying with relevant conditions.

(iii) A candidate who was already registered for erstwhile Intermediate/ Professional Education (Course-II)/ or Professional Competence Course cum articleship shall be eligible for enrolment/ conversion to Intermediate (IPC) Course subject to complying with relevant conditions.

(iv) Students who are Graduates/ Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) by studying any three full papers of 100 marks each out of Accounting, Auditing, Law including Business Laws, Mercantile Laws, Corporate Laws etc., Economics, Management including Financial Management, Personnel Management etc., Taxation including Direct Tax Laws, Indirect Tax Laws etc., Costing, Business Studies, Business Administration and Management Accounting

Or Other than those falling under Commerce stream (For non commerce graduates or post graduate) having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University).

(v) Students who are pursuing the Final year Graduation Course can also register for the Intermediate (IPC) Course on provisional basis.

Information Technology Training (ITT)

Under present scheme of Education, Training and Examination, Intermediate (IPC) Course / ATC students needs to undergo 100 hours ITT either before appearing for the Intermediate (IPC) Examination but necessarily required to complete before joining for the articled training. ITT training is organized by the Institute in its own Computer Centres located at different parts of the country i.e. at regional offices and branches of the ICAI.  

Students are advised to complete this course at the earliest so as to get the benefit of preparing for the Group II Paper – 7 Information Technology and Strategic Management paper.

Orientation Programme

As per the requirement of Education, Training and Examination, students are compulsorily required to undergo 35 Hours Orientation Programme scheduled for one week either before appearing for the examination but necessarily required to complete before joining for the articled training.

In Orientation Programme student are taught minimum basic requirements regarding Personality Development, Communication Skills, Office Procedures, Business Environment, and General Commercial Knowledge etc.

35 Hours Orientation Programmes are organized by Regional offices and branches of the Institute. Presently, the Institute charges a fee of Rs. 3000/ - for undergoing Orientation Programmes for its students.

                                                      

Syllabus for Intermediate (Integrated Professional Competence) Course (IPC)

Groups Papers Parts Name of Subjects Distribution of marks Total marks

 

 

 

 

 

 

 

Group I   

 

Paper 1

 

 Accounting

 

100

 

 

Paper 2

 

 Business Laws, Ethics and Communication

 

 

 

 

100

 

 Part I

 Business Laws comprising

60

 a)

 Business Laws

30

 b)

 Company Law

30

 Part II

 Ethics

20

Part III

 Communication

20

 

 

Paper 3

 

 Cost Accounting and Financial Management

 

 

 

100

 Part I 

 Cost Accounting

50

 Part II

 Financial Management

50

 

 

Paper 4

 

 Taxation

 

 

 

100

 

 Part I

 Income-tax

50

 Part II

 Service Tax and VAT

 25 marks each 

 

 

 

 

 

Group II  

 

Paper 5

 

 Advanced Accounting

 

100

Paper 6

 

 Auditing and Assurance

 

100

 

 

Paper 7

 

 

 Information Technology and Strategic Management 

 

 

 

 

100

 Part I

 Information Technology

50

  Part II

Strategic Management

50

 

Difference between Intermediate (IPC) Course and final course

Students after passing CPT and 10+2 examination or through Direct Entry Route can enroll for Intermediate (Integrated Professional Competence) Course. In Intermediate (IPC) Course 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 is covered.

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Intermediate (Integrated Professional Competence) Course (IPC)
Intermediate (Integrated Professional Competence) Course (IPC) - By : | Date Published : 26-09-2014 | Category : CA_CS |
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Intermediate (Integrated Professional Competence) Course (IPC) is next level after cl