Posts Tagged ‘Chartered Accountancy Course (CA Course)’


Intermediate (IPC) Course e-Learning on Students Learning Management System

The Institute of Chartered Accountants of India
Board of Studies

Launch e-Learning Course for Intermediate (IPC) Course on

Students Learning Management System (http://StudentsLMS.icai.org)

The Board of Studies is pleased to announce the availability of e-Learning facility Intermediate (IPC) Course on the Students Learning Management System (LMS) (http://StudentsLMS.icai.org), with an objective to provide quality self learning facility. This initiative aims to provide quality education for learning, re-learning and revising anytime and anywhere in an affordable manner. The salient features of this initiative are as follows:

  • Anytime/ Anywhere Online Learning
  • Foundation for understanding concepts and self study of study Materials
  • Examination Oriented Training
  • Online Self-Assessment Quiz
  • Quality Lectures contributed by leading Faculty Members
  • Uniform training across the country
  • Monitoring/ Tracking of Learning

The Intermediate (IPC) Course e-Learning is expected to be enhanced from current 120+ hours to 200+ hours shortly.

Students of the PCC/ IPCC/ Intermediate (IPC) Course of the Institute interested in pursuing the e-Learning course can register themselves on the Students LMS at the following URL and they would be sent an e-Mail providing them the Redeem Code to start accessing this facility:

http://StudentsLMS.icai.org

Students are encouraged to make good use of this online resource to have a better understanding of the subjects and enhance preparation for their forthcoming Examinations. We welcome views and suggestions for improvements through feedback form available on the said LMS.

Director
Board of Studies

Source: The Institute of Chartered Accountants of India.

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IMPORTANT ANNOUNCEMENT

BoS/Announcement/227/13 dated 15th January, 2013

Relaxation in Completion of Information Technology Training (ITT) for students enrolled under Direct Entry Scheme on or after 1st October, 2012

The Council at its 321st Meeting held in January, 2013 has relaxed the eligibility criteria, in order to mitigate the hardships being faced by the students registering under Direct Entry Scheme to Chartered Accountancy Course on or after 1st October, 2012, as under, so as to be eligible to appear in the Intermediate (Integrated Professional Competence) Examination to be held in November, 2013.

“The Council decided as under –

  • Students’ who have registered for the Intermediate (IPC) Course under Direct Entry Scheme on or after 1st October, 2012 and fulfil the prescribed percentage criteria can commence practical training on completion of Orientation Course.
  • Such students shall be required to complete Information Technology Training (ITT) latest by 31st May, 2013.
  • Such students shall also be eligible to appear in the Intermediate (IPC) Examination to be held in November, 2013 by completing 9 months of practical training and 8 months of study course concurrently.

Accordingly, students who are registered/ registering for the Intermediate (IPC) Course under Direct Entry Scheme are required to complete Information Technology Training (ITT) latest by 31st May, 2013 during the practical training.

Director, Board of Studies

Click here to download the above Announcement- (PDF Format)

Source: The Institute of Chartered Accountants of India.


Discontinuation of Professional Competence Examination (PCE) reg

Important Announcement

BoS/Announcement/227/13 dated January 7, 2013

As notified in the ‘Implementation Schedule’ on the Institute website, students who are pursuing Professional Competence Course (PCC) are hereby informed that the Professional Competence Examination (PCE) will be discontinued on culmination of November, 2012 examination. PCC students who wish to continue their studies in Chartered Accountancy Course, are required to switchover to Intermediate (Integrated Professional Competence) Course immediately and students who are appearing for November, 2012 Examination, may switchover to Intermediate (IPC) Course after declaration of PCE result, by fulfilling the following procedure:

1. Conversion Fee to be paid alongwith the Conversion Form:

Particulars of fee

Fee

(Rs.)

Fee

($)

Conversion Fee for Both Groups (including Study Material)

500

30

ATC (Optional ) Fee

1000

60

Above fee is to be paid by way of Demand Draft drawn in favour of “The Secretary, The Institute of Chartered Accountants of India, payable at Mumbai, Chennai, Kolkata, Kanpur or Delhi”, as the case may be alongwith the Conversion Form as available at www.icai.org > Students > Course Registration Form > Conversion Form from PCC to Intermediate (IPC) Course.

 

Fee Payable for undergoing IT Training, if not completed earlier, to the concerned Regional Office/ Branch where the Training is to be undergone:

 

IT Training Course Fee

4000

250

Further details and procedure to be followed for converting from Professional Competence Course (PCC) to Intermediate (IPC) Course:

All students who have been registered for the Professional Competence Course under Regulation 28C of the Chartered Accountants Regulations, 1988 are hereby informed that Professional Competence Examination (PCE) will be discontinued with the culmination of the November, 2012 examination. Students who wish to pursue the Chartered Accountancy Course are required to switchover to Intermediate (IPC) Course immediately by submitting the following to the respective Regional Offices from where practical training registration was done earlier, for conversion to Intermediate (IPC) Course:

  1. Fill and submit the prescribed form alongwith Conversion Fee as specified above for shifting from Professional Competence Course (PCC) to Intermediate (IPC) Course. Form for switchover to Intermediate (IPC) Course can be downloaded from the following link: http://220.227.161.86/14650IPCC_Converson_Form.pdf or from www.icai.org > Students > Course Registration Form > Conversion Form from PCC to Intermediate (IPC) Course.
  1. Enclose a copy of certificate issued by the ICAI having undergone Compulsory Computer Training (CCT)/ Information Technology Training (ITT), if already completed, for ready reference.
  1. Enclose a copy of Articled/ Audit Training Registration/ Completion Certificate issued by the Institute.

2. Eligibility Requirement to appear in Intermediate (IPC) Examination after conversion:

Professional Competence Course (PCC) students would be eligible to appear in the Intermediate (IPC) Examination on fulfilling the following requirements:

(a) Undergo 100 hours Information Technology Training (ITT), if not completed earlier;

(b) Completion of nine months practical training (which include concurrent study course for a period of eight months) – students who are not fulfilling the above requirement (i.e. has served less than 9 months of articled training), shall be required to re-register for practical training and complete nine months so as to become eligible for appearing in the Intermediate (IPC) Examination;

It is clarified that students who are converting from PCC to Intermediate (IPC) Course are required to undergo articled training for a period of three and half years (3½);

(c) Orientation Course is exempted for PCC students converting to Intermediate (IPC) Course.

3. Validity of Exemption and Validity of One of Groups Passed in Professional Competence Examination (PCE):

(a) Students who have passed one of the groups under Professional Competence Examination (PCE) will get paper wise exemption (NOT group wise exemption) in the Intermediate (IPC) Examination. Those students, who have passed one of the groups earlier, will have to register for both groups of Intermediate (IPC) Course and have to appear and pass under ‘Unit Scheme’ of Intermediate (IPC) Examination. Details of ‘Units’ are given hereunder.

UNIT SCHEME UNDER INTERMEDIATE (IPC) EXAMINATION

DETAILS OF PAPERS IN WHICH CANDIDATES ARE RE QUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT CANDIDATE IN INTERMEDIATE (IPC) EXAMINATION

STUDENTS WHO HAVE PASSED GROUP-I OF PROFESSIONAL COMPETENCE EXAMINATION

Student to pass Group I Of Intermediate (IPC) Course has to appear

Student to pass Group II Of Intermediate (IPC)

Course has to appear

Student to pass Both Groups

Of Intermediate (IPC)

Course has to appear

UNIT – 4

 

Group I Paper 3 : Cost Accounting and Financial Management

Group I Paper 4 : Taxation

UNIT – 6

 

Group II Paper 7 : Information Technology and Strategic Management

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


STUDENTS WHO HAVE PASSED GROUP-II OF PROFESSIONAL COMPETENCE EXAMINATION

Student to pass Group II Of Intermediate (IPC) Course has to appear Student to pass Group I Of Intermediate (IPC) Course has to appear Student to pass Both Groups

Of Intermediate (IPC) Course has to appear

UNIT – 5

 

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance

UNIT – 7

 

Group I Paper 1 : Accounting

Group I Paper 2 : Business Laws, Ethics and Communication

UNIT – 9

 

Group I Paper 1 : Accounting

Group I Paper 2 : Business Laws, Ethics and Communication

Group II Paper 5 : Advanced

Accounting

Group II Paper 6 : Auditing and

Assurance

(b) Students who have got exemption in Professional Competence Examination by securing 60% and above marks under Regulation 37B (6) will get exemption in the corresponding paper/s for the unexpired period chances in the Intermediate (IPC) Examination, are given under.

Paper-wise Exemption to the Candidates appearing in the Intermediate (IPC) Examination/Accounting Technician Examination for the Un-expired chance(s) on the basis of having secured a minimum 60 percent marks in a paper(s) in the Professional Competence Examination (PCE)

Award of exemption/s in paper/s granted in the Professional Competence Examination under syllabus as specified in Regulation 28C (3) of the Chartered Accountants Regulations, 1988

Award of exemption/s in corresponding paper/s in the Intermediate (IPC) Examination/Accounting Technician Examination (ATE) under syllabus as specified in 28E(3) of the Chartered Accountants Regulations, 1988

Group I – Paper 1 : Advanced Accounting Group I – Paper 1 : Accounting and

Group II – Paper 5 : Advanced Accounting

Group I – Paper 2 : Auditing and Assurance Group II – Paper 6 : Auditing and Assurance
Group I – Paper 3 : Law, Ethics and Communication Group I – Paper 2 : Business Laws, Ethics and Communication
Group II – Paper 4 : Cost Accounting and Financial Management Group I – Paper 3 : Cost Accounting and Financial Management
Group II – Paper 5 : Taxation Group I – Paper 4 : Taxation
Group II – Paper 6 : Information Technology and Strategic Management Group II – Paper 7 : Information Technology and Strategic Management

Director

Board of Studies

Click here to download the above Announcement {PDF Format}.

Source: The Institute of Chartered Accountants of India.


Recognition of Chartered Accountancy Course by Manipal University for Ph.D. Registration

Dear Member,

We are pleased to inform you that the Manipal University, Karnataka has extended its facility to members of the Institute to pursue Doctoral (Ph.D) programme of the university.

Director

Board of Studies

Source: The Institute of Chartered Accountants of India.


Chartered Accountancy opens up a world of opportunities. Not only is it a professional course, but also economical. The career is multi-dimensional and profitable. No wonder, it has become one of the most coveted courses in India. The profession of accountancy came into strength with the launch of The Institute of Chartered Accountants of India (ICAI) in 1949, bringing accountancy under a unified control.

Jaydeep Narendra Shah, president, ICAI says, “Chartered Accountants offer complete business solutions as information and decision specialists.” With an attractive salary package and a growing demand in India and abroad, chartered accountancy has it all, says Mr. Jaydeep adding, “The expertise of CAs is now being utilised in areas such as Insurance Sector, IT, Public Finance, Risk and Assurance Services etc.” The average starting salary of a CA is around Rs 6.5 lakh per annum. Recently, an annual package of Rs 14 lakh was offered to fresh Chartered Accountants for domestic posting and Rs 25 lakh for international posting, Mr. Jaydeep adds.

Elucidating the admission requirement, K.N. Ramasamy, Director, R.R. Academy, Chennai, says that anybody can take up the course irrespective of marks scored in qualifying exams. There is no restriction on age and number of attempts. “It is not restricted only to commerce students. Science and humanities students are equally doing well.”

Exam pattern

To become a Chartered Accountant, one has to clear three-levels of exams conducted by the ICAI. They include an entrance exam — Common Proficiency Test (CPT), Integrated Professional Competence Course (IPCC) & CA Final. The course also includes articleship and training in communication skills and management.

Exemptions

ICAI has introduced a new scheme from August 2012, allowing certain categories of students for direct admission to the IPCC. K. Jalapathi, Chairman of the Coimbatore branch, ICAI, explains, “Graduates or Post Graduates in Commerce with a minimum of 55 per cent of marks or non-commerce stream students with a minimum of 60 per cent and candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India are exempted from qualifying Common Proficiency Test (CPT).”

Statistics

According to ICAI, as many as 1,49,348 candidates appeared for the Common Proficiency Test (CPT) held in June 2012. Out of this, 56,091 cleared the exams. In the CA Finals held in May 2012, 30,976 appeared for the exams and 5075 passed it. Besides indicating the huge enrolment for the course, the figures also signify the high standard of the exams.

Mr. Jaydeep says that the examination system seeks to test the multifaceted knowledge that a chartered accountant is expected to have. Allaying fears about the difficulty-level, he says that the aspirants can easily clear the exams if they read the study material thoroughly. Working hard, staying focussed, attempting model test papers and managing time efficiently will help, he points out.

Campus placement

ICAI also conducts campus placement, where leading corporate sectors, banks, multi-national CA firms participate. According to Mr. Jalapathi, 1,148 candidates were recruited across the country in the placement programme held during Aug-Sep 2011. He points out that CA also has the benefit of being one’s own boss and the freedom to choose client and working hours.

Source: The Hindu.