Integrated Professional Competence Course(IPCC) Subjests & Exam Details

In this IPCC curriculum only working knowledge of core and allied subjects to accountancy profession is covered, while at the Final (New) 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. This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme.

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 may join the Integrated Professional Competence Course.

ITT & Orientation:

A student has to register and undergo orientation programme of 35 hours & 100 hours ITT before registering for Articleship. Both programs are conducted by ICAI branches. Registration has to be done with ICAI.

Registration Fee:

Registration fee is Rs. 11,000 for both groups of IPCC including Fee for Articleship. Fee for ITT is Rs. 4,000 and fee for Orientation is Rs. 3,000

Exam Schedule:

IPCC exam is conducted twice a year i.e. May and November.

Requirement for Appearing in IPCC Exam:

Student has registered for IPCC at least 9 months before the first day of the month in which the examination is held i.e. for May attempt registration should be done on or before 31st July of the year previous to the exam year and for November attempt registration should be done on or before 31st January of the year of exam.

Student has completed 100 Hours of Information Technology Training
Student has completed 35 Hours of Orientation programme.

Option to give both Groups:

A student may register for both groups. However he may appear for Both Groups simultaneously OR appear for Group I first, then start Articleship and then appear for Group II during the Articleship.

Passing Criteria for IPCC:

If Student appears for Both Groups simultaneously: A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of Both Groups AND Minimum 50% marks in the aggregate of all the papers of both Groups taken together.

If Student appears for only one Group: A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of the Group AND Minimum 50% marks in the aggregate of all the papers of that Group.

Exemption:

If student fails in Group but gets 60 or more marks in any of the subject, he will be declared as passed in that subject. In case of failure in any one subject he has to reappear for all subjects of that group which are not exempt.

Subject covered Under IPCC Exam

There are total 7 subjects in both the groups of IPCC. Group I has 4 subjects and Group II has 3 Subjects

Group Paper Subjects Marks Break Up Marks
I 1 Accounting   100
  2 Law, Ethics and Communication
Part I:Law
Part II: Business Ethics
Part III: Business Communication
60
20
20
100
  3 Cost Accounting and Financial Management
Part I: Cost Accounting
Part II: Financial Management

50
50


100
  4 Taxation
Part I: Income-tax
Part II: Service Tax
Part III: Value Added Tax (VAT)
50
25
25
100
II 5 Advanced Accounting   100
  6 Auditing and Assurance   100
  7 Information Technology and Strategic Management
Section A: Information Technology
Section B: Strategic Management
50
50
100
    Total   700