ipcc prospectus
TRANSCRIPT
IPCC Prospectus
Integrated Professional CompetenceCourse
PROSPECTUS
New scheme of theoretical education ofthe Chartered Accountancy Course
BOARD OF STUDIES
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
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IPCC Prospectus
Integrated Professional Competence CourseNew Scheme of Theoretical Educationof the Chartered Accountancy Course
Information given in this prospectus is as per position as onDecember 1, 2008. Students are advised to visit the website of the Instituteat www.icai.org from time to time for updation.
© 2008 All rights reservedThe Institute of Chartered Accountants of India, New Delhi, India
http://www.icai.orgE-mail: [email protected]
No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form, or by anymeans, electronic, mechanical, photocopying, recording, or otherwise, without prior permission, in writing, from thepublisher.
Price: Rs. 100USD 10
Prepared and Published byDirector of StudiesThe Institute of Chartered Accountants of IndiaPost Box No. 36, A-94/4, Sector-58, NOIDA - 201301
Typeset & designed byPrinted at: Vijayalakshmi Printing Works Pvt. Ltd. B-117, Sector-5, Noida, 9899452227December, 2008, 10,000 Copies
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MissionThe Indian Chartered Accountancy Profession
will be the Valued Trustees of World Class
Financial Competencies, Good Governance
and Competitiveness.
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CA Student
VISION
VisionTo be among the keenest students of Chartered
Accountancy anywhere in the world, in order to
help Indian firms,companies and organizations
leapfrog into the 21st century, with the highest
standards of accountancy, audit, financial
management, related services and corporate
governance.
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Contents
1. The Institute 1
2. The Accounting Profession 1
3. Educational wings of the Institute 1
4. New scheme of education and training 2
4.1 Different stages in Chartered Accountancy Course 3
4.2 Common Proficiency Test (CPT) 4
4.3 Integrated Professional Competence Course (IPCC) 4
4.3.1 Enrolment for Integrated Professional Competence Course and Fees 4
4.3.2 Orientation Programme 5
4.4 100 Hours Information Technology Training (ITT) 7
4.5 Accounting Technician Course (ATC) – Optional 8
4.5.1 Guidelines for imparting Accounting Technician Training – work experience 8
4.5.2 Areas of training 9
4.6 Admission to Integrated Professional Competence Examination, Fees and Syllabus 10
4.7 Final (New) Course 11
4.8 Schedule for the New Scheme 12
4.9 Period of Articled Training 12
4.10 Objective of the new scheme 13
5. Requirements for becoming a Chartered Accountant 13
6. Integrated Professional Competence Course (IPCC) 14
6.1 Eligibility requirement for registration 14
6.2 Registration and tuition fees 15
6.3 Registration Procedure 15
6.4 Subjects for study 15
6.5 Study Package 16
6.6 Modes of imparting theoretical education 16
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6.7 Admission to Integrated Professional Competence Examination (IPCE) 17
6.8 Requirements for passing the IPCE/ATE 17
6.9 Scholarships for meritorious students 17
6.10 Fee concession to disabled students 18
6.11 Other fee concessions and scholarships 19
7. Practical Training / Work Experience / Articled Training 19
7.1 Objective of training programme 20
7.2 Design of training programme 21
7.3 Categories of work experience 23
7.4 Providing effective work experience 25
7.5 In-house theoretical training 26
7.6 Stipend to articled assistants on or after June 1, 2006 27
7.7 Permission to pursue other courses of study including guidelines 28on working hours
8. 100 Hours Information Technology Training 30
8.1 Registration for the scheme 30
8.2 Duration 31
8.3 Course materials 31
8.4 Training details 31
8.5 Certification 33
8.6 100 hours ITT for disabled students 33
9. Final (New) Course and admission to Final Examination 33
9.1 Requirements for passing the Final Examination 33
10. Course on General Management and Communication Skills 34
10.1 Exemption from payment of fees to disabled students for undergoing 35General Management and Communication Skills Course
11. Membership of the Institute 35
12. Students’ Activities in Board of Studies 35
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13. Opportunities for Chartered Accountants 36
13.1 Independent professional practice 36
13.2 Management consultancy services 37
13.3 Opt for Industry / Government organisation 37
13.4 Global Scenario 37
14. ICAI - IGNOU Memorandum of Understanding (MOU) 38
15. ICAI - NSOU Memorandum of Understanding (MOU) 38
16. Annexure I : Proposed Fees to be charged from the students registering for Integrated 39Professional Competence Course (IPCC)/Accounting Technician Course (ATC)
17. Annexure II : Proposed Fees to be charged from old students registering for Integrated 40Professional Competence Course (IPCC)/Accounting Technician Course (ATC)
18. Annexure III :Syllabus of Integrated Professional Competence Course (IPCC)/ 41Accounting Technician Course (ATC)
19. Annexure IV: Accredited institutions for conducting oral coaching classes for 59Integrated Professional Competence Course (IPCC)/Accounting Technician Course (ATC)as on November 1, 2008
20. Annexure V : Paper-wise Exemption in IPCC/ATC available to old students of Intermediate/ 65Professional Education (Course – II)/Professional Competence Course
21. Annexure VI : Syllabus of 100 Hours Information Technology Training 72
22. Why Chartered Accountancy Course 84
23. Where to submit / despatch filled in application form 86
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1. The Institute
1.1 The Institute of Chartered Accountants of India (ICAI) is the premier professionalaccountancy body of the country, established in July, 1949 under the CharteredAccountants Act, 1949, enacted by the Parliament to regulate the profession of CharteredAccountancy in India.
1.2 The Institute is governed by a Council in accordance with provisions of the CharteredAccountants Act, 1949 as amended by the Chartered Accountants (Amendment) Act, 2006(No.9 of 2006) and the Chartered Accountants Regulations, 1988. The Council consists of40 members of whom 32 are elected from among the members of the Institute and 8 arenominated by the Government of India.
The Institute has its headquarters at New Delhi. In addition, it has five regional councilslocated in Mumbai, Chennai, Kolkata, Kanpur and New Delhi and 118 branches spread allover the country. The Institute has also 21 chapters outside India located in Abu Dhabi,Bahrain, Botswana, Doha, Dubai, Indonesia, Jeddah, Kuwait, London, Melbourne, Muscat,New York, Nairobi, Nigeria, Port Moresby(Papua New Guinea), Riyadh, Eastern Province(Saudi Arabia), Singapore, Sydney, Toronto and Zambia.
1.3 As part of its responsibility to regulate the profession of Chartered Accountancy, theInstitute enrolls students for the Chartered Accountancy (CA) course, imparts theoreticaleducation to them, requires the students of CA course to undergo practical training andmonitors their training. Presently it has approx. 3,50,000 students on its roll in differentstages of Chartered Accountancy curriculum. It also holds qualifying examinations forthem and grants membership to successful candidates and certificates of practice tomembers intending to practice the profession.
2. The Accounting Profession
2.1 Over the years, the Chartered Accountancy profession achieved rapid growth by virtue ofquality professional services rendered by its members, and has come to occupy aprominent role in our economy and society. As against a meagre membership of 1,700 in1949, today the membership of the Institute exceeds 1,50,000. Increasing responsibilitiesare being placed by the Government and the society on the members of the profession andtheir specialised knowledge and skills are being utilised in various fields of activities.Statutory recognition is given to the role of the members of the profession and their audit /certification is insisted upon for various purposes in different statutes.
2.2 The Institute is playing a prominent role in the international accounting bodies by virtue ofits membership and active involvement in the activities of International Federation ofAccountants (IFAC), International Accounting Standards Board (IASB), Confederation ofAsian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).
3. Educational Wings of the Institute
3.1 The Institute undertakes educational activities through its committees. The Institute hasthree educational wings, viz., the Board of Studies, the Continuing Professional EducationDirectorate and the Technical Directorate.
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3.2 The Board of Studies is responsible for formulating and implementing the policies andprogrammes relating to the education to students. The mission of the Board of Studies is toprovide a strong foundation of knowledge, skills and professional values that enables themto grow as wholesome professionals and adapt to change throughout their professionalcareer.
3.3 The Continuing Professional Education Directorate is engaged in conducting continuingprofessional education for members, i.e. Chartered Accountants. It organises through thetechnical committees, conferences / seminars / residential courses in various parts of thecountry and abroad to enable the members to update and sharpen their professionalknowledge and skills through the process of active interaction and open exchange of ideasand perspectives.
It also conducts the following post-qualification courses:
• Management Accountancy
• Corporate Management
• Tax Management
3.4 The Technical Directorate of the Institute regularly prepares and publishes, AccountingStandards and Statements, Technical Guidance Notes and other relevant literature to clarifyissues and provide guidance to members.
3.5 The Auditing and Assurance Standards Board is issuing Auditing and Assurance Standardsand other Guidance Notes to provide guidance to members.
3.6 In addition to the above, following Post-Qualification Courses are conducted by otherCommittees for Members:
Name of the Course Name of the Committee
Information System Audit Information Technology Committee
Computerised Accounting & Auditing Techniques Information Technology Committee
Insurance and Risk Management Committee on Insurance
International Trade Laws & WTO Committee on Trade Laws & WTO
4. New Scheme of education and training
The Institute of Chartered Accountants of India periodically reviews its scheme ofeducation and training to remain in tandem with developments in the field of education andother changes at the national and global levels. Evolving business also demands newer skillsfrom the accounting professionals. Accordingly, the existing scheme is being revamped anda new scheme is proposed to be launched on December 10, 2008.
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4.1 Different stages in Chartered Accountancy Course
• The entry level test is named as Common Proficiency Test (CPT) which is designedin the pattern of entry level test of engineering, medical and other professionalcourses. It is a 4-hour duration test comprising of two sessions of 2 hours each witha break between two sessions. The test comprises of objective type questions withthe negative marking for choosing wrong options.
• The study course for the chartered acccountancy candidates is known asIntegrated Professional Competence Course, which shall be composed of threelevels viz. Group I, Accounting Technician Course (optional) and Group II. Acandidate may opt for enrolment to Group I or Group I and Accounting TechnicianCourse or Accounting Technician Course and/or Group II or Group I and Group IIor for all the levels.
• One has to undergo orientation programme and also to complete 100 Hours ITTbefore apearing in IPCE/ ATE.
• The last leg of the Chartered Accountancy course is final (new) course, which hasbeen designed to impart expert knowledge in financial reporting, auditing andprofessional ethics, taxation, corporate laws, systems control, strategic finance andadvanced management accountancy.
• Updated syllabus is benchmarked to Chartered Accountancy courses offeredaround the globe and is fully compliant to International Education Standards issuedby the International Federation of Accountants.
Common ProficiencyTest (CPT)
Professional Education(Course -I)
PE-II/ProfessionalCompetenceCourse
100 Hours InformationTechnology Training atIPCC Level
3 years of articledtraining after PassingGroup-I of IPCC
IntegratedProfessionalCompetence Course
100 Hours InformationTechnology Trainingat PE-II/PCC level
3½ years of articledtraining atPCC level
replaces
replaces
replaces
replaces
Final (New) Course Final (Old) Coursereplaces
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4.2 Common Proficiency Test (CPT)
It is an entry level test for Chartered Accountancy course, which is held twice in a year inJune & December. It is a test of four subjects i.e., Accounting, Mercantile Laws, GeneralEconomics and Quantitative Aptitude with an objective to test the basic knowledge in thesesubject areas. This test is of 200 marks. This test is divided into two sessions of two hourseach with a break in between. CPT is an objective type test with negative marking.Subjects to be studied in CPT are as follows:
SESSION – I (Two Sections– two hours – 100 marks)
• Section A: Fundamentals of Accounting ( 60 marks )
• Section B: Mercantile Laws ( 40 marks )
SESSION – II (Two Sections– two hours – 100 marks)
• Section C: General Economics ( 50 marks )
• Section D: Quantitative Aptitude ( 50 marks )
4.3 Integrated Professional Competence Course (IPCC)
In this IPCC curriculum only working knowledge of core and allied subjects toaccountancy profession is covered, while at the Final (New) course, advanced applicationknowledge of core and allied subjects to accountancy profession has been intended to beinculcated. The unique feature of the entire theoretical education of the CharteredAccountancy curriculum is the supportive and complementary practical training. A studentwould undergo theoretical education and 3 years of practical training after passing Group-Iof IPCC/Accounting Technician (Level-1). This balanced approach will help the students toappreciate the underlying practical applications of the theoretical education scheme.
Neither a stand-alone theory nor a practice without theoretical knowledge would make aprofessional successful. Moreover, there is a need to develop proper understanding of thebusiness environment and information technology which acts as an important businessprocess driver. It is also essential to sharpen communication skills to be able to worksuccessfully in the competitive business environment.
4.3.1 Enrolment for Integrated Professional Competence Course and Fees
Integrated Professional Competence Course (IPCC), is composed of three levels viz. Group I,Accounting Technician (optional) and Group II. A candidate may opt for enrolment to Group Ior Group I and Accounting Technician Course or Accounting Technician Course and/or GroupII or Group I and Group II or for all the levels referred to above.
Payment of fees is to be made by way of Demand Draft of the requisite amount drawn in favourof the Secretary, The Institute of Chartered Accountants of India payble at New Delhi/Mumbai/
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Chennai/Kolkata/Kanpur depending upon the place of residence of the candidate.
Fees to be paid for various courses of Integrated Professional Competence Course (IPCC)/Accounting Technician Course (ATC) :
Sr. Courses Without Articles With ArticlesNo. Rs. Rs.
1. Group I, Group II of IPCC & 10,000 12,000*ATC (all levels)
2. Group I and Group II of IPCC 9,000 11,000*
3. Group I of IPCC and ATC 10,000 -
4. Group II of IPCC and ATC 10,000 12,000*
5. Group I of IPCC 8,000 -
6. Group II of IPCC 5,000 7,000*
7. ATC 10,000 -
(i) * Articled training starts only after passing Group I of IPCC/ATC.
(ii) Fees of Rs. 1,000/- meant for Students’ Activities is to be paid only once.
Detailed chart of fees is indicated as Annexure – I (page no. 39).
(a) A candidate is eligible for enrolment to any of the level(s) of the Integrated ProfessionalCompetence Course (IPCC) on passing the Common Proficiency Test and Senior SecondaryExamination (10+2 examination) conducted by an examining body constituted by law in India oran examination recognised by the Central Government as equivalent thereto.
(b) A candidate who has already passed Entrance Examination or Foundation Examination orProfessional Education (Examination-I) shall be eligible for enrolment to Integrated ProfessionalCompetence Course subject to complying with relevant conditions.
(c) A candidate who was already registered for erstwhile Intermediate Examination or ProfessionalEducation (Course-II) or Professional Competence Examination cum articleship shall be eligiblefor enrolment/conversion to Integrated Professional Competence Course subject to complyingwith relevant conditions. Fees payable by such a student intending to switch over to IntegratedProfessional Competence Course (IPCC) is indicated as Annexure – II (page no. 40).
4.3.2 Orientation Programme:
The candidates registered for Integrated Professional Competence Course/Accounting TechnicianCourse are required to complete the Orientation Course in order to be eligible to appear for theIntegrated Professional Competence Examination. The Orientation programme is suggested tobe of one week’s period and will be of 4 sessions per day for 35 hours.
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The suggested topics and sub-topics are as under:
1. Personality Development
Attitude and motivation
Accountability
Leadership
Personality and perception
Case study methodology preferred
2. Communication SkillsReport writing
Effective listening
Effective communications
Precision writing
Presentation skills
Group discussion
Case study methodology preferred
3. Office ProceduresOffice organization
Office etiquette
Team work
Importance of deadlines
4. Business EnvironmentIndian Business environment
Different sectors and their significance
Changing dynamics of business environment
Business process outsourcing
Knowledge process outsourcing
E-Commerce and M-Commerce
International Business Environment
Recent trends in World Trade in goods and services
International Organisations and Arrangements in brief
5. General Commercial KnowledgeMoney market
Role of Central Bank in money market
Capital markets and stock exchanges
Role of commercial banks
Public finance in India (including Central Budget and Central State financial relations)
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4.4 100 Hours Information Technology Training (ITT)
Under the new scheme of education and training, an updated version of the computer trainingprogramme relevant for the professional practice has been designed. Highlights of the new computertraining programme are as follows:
• The 100 hours ITT is moduled in 20/25 days @ 5/4 hours per day on full time basis.
• The training components would focus on application softwares relevant for accounting andauditing. In addition, knowledge of Electronic Spread Sheet, Data base Management System,Web-technology and System Security and Maintenance are strengthened.
• The 100 hours ITT has been linked to theoretical knowledge imparted through Paper 7Section A: Information Technology (50 marks). It has been planned to synchronizetheoretical knowledge with practical training.
• The 100 hours ITT would commence after a student gets registered for IPCC andcompletes it before appearing in Group I and Group II of IPCE or Group I/ATE.
• The 100 hours ITT are carried out through Regional Councils and Branches of the ICAIwhich would charge separetely a fee of Rs. 4000.
Integrated Professional Competence Course: Highlights
• Improved knowledge of accountancy linked to accounting standards to build strongfoundation for developing knowledge of Financial Reporting at the Final stage;
• Inculcating ethical values through a module of Business Ethics;
• Updated knowledge of business communication through modules of developing softskill, leadership style, group dynamics and developing knowledge of businessmeetings and legal documents;
• Building knowledge of business strategies, business environment and corporategovernance;
• Introducing Service Tax and VAT as special module with the purpose ofstrengthening knowledge of indirect tax;
• Upgraded module of Information Technology linked to the 100 hours InformationTechnology Training;
• Upgraded modules of Audit and Assurance, Cost Accounting and FinancialManagement;
• Imparting basic knowledge of e-filing under the company law leading to development
of advanced knowledge of e-governance at the final stage.
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4.5 Accounting Technician Course (ATC) - Optional
A candidate, indicated above under para 4.3.1(c), or any other candidate who does notwish to complete erstwhile Intermediate/PE-II/PCC/IPCC can opt for the AccountingTechnician Course. Such a candidate can appear in Group I of IPCC which is alsoequivalent to the Accounting Technician Examination (ATE) if he has undergone a studycourse, inclusive of orientation programme and 100 hours ITT for a period not less thannine months as on the first day of the month in which the examination is held. Afterpassing Accounting Technician Examination (ATE), he will also be required to complete 12months of work experience, as per the guidelines of the Council and on production of acertificate to this effect he will be issued Accounting Technician Certificate.
4.5.1 Guidelines for imparting Accounting Technician Training – work experience
i. A candidate who has passed Group I of the integrated professional competence courseexam./Accounting Technician Examination is eligible for registration to AccountingTechnician Level / work experience.
ii. Member employed in an industrial / commercial / financial / service / not for profitorganization or company
(a) A member who is employed in an industrial / commercial / financial / service / notfor profit organization or company duly approved by the Institute would be eligibleto impart Accounting Technician Training to the eligible candidates.
(b) Criteria for the selection of industrial / commercial / financial / service / not forprofit organization or company:
(i) Paid up capital minimum Rs. 50 lakhs; or
(ii) Fixed assets minimum Rs.1 crore; or
(iii) Turnover Rs.10 crores; or
(iv) Gross receipts (in the case of not for profit organization they should beregistered under a statute) – Rs.2 crores.
(c) Eligibility for members of the ICAI:
Experience of the members in years Number of vacancies
ACA with less than three years 1
ACA with three years and above 2
FCA with less than five years 5
FCA with five years and above 10
(d) The period of the Accounting Technician work experience shall be one year.
(e) The working hours for the Accounting Technician Trainee shall be in accordancewith the working hours of the organization in which he gets training.
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iii. In the case of a member in practice
(a) a member in practice would also be eligible to impart Accounting TechnicianTraining to the eligible candidates.
(b) The period of training shall be one year.
(c) The Accounting Technician Trainee will be eligible for such stipend as fixed by themember.
(d) The working hours for the Accounting Technician Trainee shall be 35 hour perweek to be regulated by the principal in accordance with the guidelines to beissued by the Council from time to time.
iv. On completion of the training period, the principal / organization is required to issue acertificate in respect of the training.
4.5.2 Areas of training
The principal shall impart training to the Accounting Technician Trainee in the areas ofaccounting, taxation, financial management, corporate affairs and information technologyas given hereunder :
i. Accounting
• Undertaking specific work relating to cash accounting, sales accounting, purchaseaccounts, bank accounts, journals, etc.
• Maintaining of primary books of accounts
• Preparation of reconciliations
• Preparation of accounts from incomplete records
• Finalization of accounts and notes to financial accounts
• Preparation of financial statements.
ii. Taxation
• Computing of total income, deductions, rebates, reliefs and tax payable by theassesses
• Preparation and filing of Return of income, TDS returns and other documents
• Preparation and filing of various returns under VAT, service tax etc.
iii. Information Technology
• Data creation and analysis using databases and spread sheet program
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• Computer applications in areas like inventory control, financial accounting,payrolls, share accounting, sales accounting, invoicing etc.
• Preparation of system flow chart
• Knowledge of internets and computer fraud detection techniques.
iv. Financial Management
• Preparation of projected financial statements
• Processing of loan applications with banks, financial institutions etc.
• Projection of working capital and computation of working capital requirements
• Preparation of budget.
v. Corporate Affairs
• Applying for and obtaining name approval
• Drafting Memorandum and Articles of Association
• Matters relating to incorporation of a company
• Filing of various returns with the Registrar of Companies
• Participation in the work relating to issue of shares, debentures etc includingcompliance of SEBI guidelines
Note: The areas indicated above for training are only illustrative and not exhaustive. Theexact scope of Training Programme will be at the discretion of the member in Charge ofTraining based on the nature of the Organization.
4.6 Admission to Integrated Professional Competence Examination, Fees and Syllabus
(1) A candidate shall be admitted to Integrated Professional CompetenceExamination if:
(a) he is enrolled for the relevant level(s) of the Integrated ProfessionalCompetence Course/Accounting Technician Course;
(b) he produces a certificate to the effect that he has undergone a studycourse, for a period not less than nine months as on the first day of themonth in which the examination is held; and
(c) He has completed 100 Hours Information Technology Training orComputer Training Programme.
(2) A candidate for the Integrated Professional Competence Examination shall paysuch fees, as may be fixed by the Council.
(3) The subjects of IPCC are classified into two groups which a student can study
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and appear in the examination group-wise or both the groups together. Thecontents of subjects and papers of Group I of IPCC and ATC are same. Fordetailed syllabus of IPCC see Annexure – III (page no. 41).
4.7 Final (New) Course
Highlights of the final (new) course are as follows:
Financial Reporting : This subject deals with the whole gamut of financial reportingspecially corporate financial reporting. This subject focuses on learning of IFRS basedfinancial reporting and US GAAP based financial reporting. This is aimed at making Indianchartered accountants globally competitive. Business valuation principles are also coveredin this subject.
Strategic Financial Management : Financial consultancy has become a key functionalarea of the chartered accountants. With a view to strengthen this knowledge area, thispaper has been introduced. Special focus of this paper are on Mergers and Acquisitions,Investment Analysis and Portfolio Management, Financial Derivatives, CommodityDerivatives, Global Sourcing of Capital – ADR, GDR and Foreign Exchange RiskManagement.
Advanced Management Accounting : This course has also been conceptualised tostrengthen the strategic role of a chartered accountant in an organization as a managementconsultant. Special focus of this paper is on Strategic Cost Management including ActivityBased Cost Management, Target Costing, Value Chain Analysis and Restructuring the ValueChain, Transfer Pricing including International Transfer Pricing within the WTOframework, Financial Modeling using Quantitative Techniques and Cost Management inService Sector.
Advanced Auditing and Professional Ethics : The updated version of this course focuseson application of Audit and Assurance Standards in practical situation and knowledge ofProfessional Ethics.
Information Systems Control and Audit : This course is formulated with a view toenhance the knowledge of the Chartered Accountants on relevant aspects of informationtechnology and their applications in accounting, audit and finance. The special focus of thiscourse is on Information System Control Techniques, Data integrity privacy and security,Risk Assessment Methodologies, Information System Auditing Standards, Guidelines &Best Practices, and Information Security Policy.
In addition, principle of e-governance has been emphasized in Corporate and Allied Laws,International Taxation and Value Added Tax are important features of the subject contentsof Direct Tax Laws and Indirect Tax Laws respectively.
The syllabus of the final (new) course is hosted on our website www.icai.org.
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4.8 Schedule for the New Scheme
Implementation Schedule for Integrated Professional Competence Course/AccountingTechnician CourseProposed date of commencement of registration forGroup-I or ATC, Group-II, Group I and Group II, Group-I and December 10, 2008ATC, Group-II and ATC, Both Groups and ATC
Last Professional Education (Examination–II)[For students May, 2009joining Professional Education (Course – II) after passingFoundation/PE-I irrespective whether such students haveexhausted 5 consecutive attempts or not] Switch over facilityfrom PE-II to PCC/IPCC is available to this category of students.
Last Professional Education (Examination–II)[For students May, 2009joining Professional Education (Course – II) on the basisof their degree examination] Switch over facility fromPE-II to PCC/IPCC is not available to this category of studentstill May, 2009 Exam.
Last date for registration of Integrated Professional January 31, 2009Competence Course / Accounting Technician Course tobecome eligible to appear in November, 2009 Exam.*
Last date for registration of Professional Competence June 30, 2009Course (date of commencement of articles)
Proposed First Examination for Integrated Professional November, 2009Competence Course (Group-I or ATC, Group-II, Group-I & Group II,Group-I & ATC, Group-II & ATC, Both Groups & ATC)
Last Professional Competence Examination for students November, 2012of Professional Competence Course / students switched
over from Intermediate/PE-II Course.
* The students who are registered for Group-I or ATC, Group-II, Group-I & Group II, Group-I& ATC, Group-II & ATC, Both Groups & ATC on or before 1st February, 2009 will be eligible toappear in November, 2009 Exam. subject to undergoing Orientation Programme andcompleting 100 hours ITT. However, students registered between 2nd February, 2009 and 30th
June, 2009 will be eligible to appear in May, 2010 Exam. only.
4.9 Period of Articled Training
A student who is registered for Both Groups of Integrated Professional Competence andhas passed Group I of IPCC/ATC can join 3 (three) years of articled training. He has toundergo articled training under a practising chartered accountant. A student shall be eligibleto join articled training after passing Group I and Group II of IPCC or after passing GroupI of IPCC/ATC only.
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4.10 Objective of the new scheme
The new scheme has emphasized on –
• Instituting a uniform entry level test – the Common Proficiency Test compulsory for allthe students joining IPCC/ATC.
• After passing 10th standard examination a student can register for IPCC/ATC with theBoard of Studies and prepare for entry level test while pursuing 10+2 level study;
• To encourage young talented students having aptitude for accounting education tomake an early entry to the profession;
• Introduction of orientation programme and 100 Hours ITT during 9 months of studycourse & before appearing in the IPCE/ATE.
• Balanced approach towards theory and training by way of emphasizing commencementof the training after passing Group I of IPCC/ATC curriculum;
• Complementing theoretical education by appropriate modules of practical training;
• Providing quality classroom education through efficient accredited institutions;
• Providing lecutures through Gyan Darshan Channel in colloboration of IGNOU.
• Linking an upgraded Information Technology Training;
• Facilitating additional courses of study during articleship training;
• Globalizing chartered accountancy education through organisation of education andtraining abroad;
• To help students in acquiring professional ethical values and attitudes; and
• To inculcate analytical ability among the students through case studies.
5. Requirements for becoming a Chartered AccountantUnder the new scheme, the requirements for becoming chartered accountant are asfollows:
(i) Enrol with the Institute for Common Proficiency Test after passing class 10th
examination conducted by an examining body constituted by law in India or anexamination recognized by the Central Government as equivalent thereto.
(ii) Appear CPT examination after appearing in the senior secondary examination (10+2examination) conducted by an examining body constituted by law in India or anexamination recognised by the Central Government as equivalent thereto and aftercompletion of specified period (60 days) from the date of registration for CPT withthe Board of Studies and first day of the month in which examination is to be held,viz., students registered on or before 1st April/1st October will be eligible to appear inJune/December examination, as the case may be.
(iii) Join IPCC/ATC and register for 100 hours ITT after passing CPT and 10+2examination.
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(iv) Undergo 100 hours ITT (100 hours ITT is a 20/25 days programme @ 5/4 hoursper day before appearing in Group I & Group II of IPCC/Group I of IPCC/ATC.
(v) Appear in Integrated Professional Competence Examination (IPCE) orAccounting Technician Examination (ATE) :
• Undergo Orientation Programme
• Complete 100 hours ITT
• Appear in IPCE/ATE on completion of 9 months of study course one dayprior to the month in which examination is to be held
• Join articled training after passing Group I of IPCC.
(vi) Join CA Final (New) Course:
• After passing IPCE register for final (new) course with the Board ofStudies;
• Collect study materials of the final (new) course and prepare for finalexamination;
• Undergo general management and communication skills course whileundergoing final course; and
• Complete articled training of 3 years.
(vii) Appear in final examination on completion of the practical training or while servinglast 6 months of articled training on or before the last day of the month precedingthe month in which the examination is to be held.
(viii) Pass final examination and complete GMCS, if not completed earlier.
(ix) Enrol for membership.
6. Integrated Professional Competence Course (IPCC)
IPCC is the first stage of theoretical education of the two staged chartered accountancycourse which is composed of 3 levels viz. Group I, ATC (Optional) and Group II–
• Integrated Professional Competence Course (IPCC) and
• Final (New) Course
• IPCC has replaced Professional Competence Course (PCC).
• IPCC comprises of six subjects & seven papers of 100 marks each. It iscomplemented by orientation programme, 1 year of work experience/ 3 years ofpractical training and 100 hours information technology training.
6.1 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 anexamination recognized by the Central Government as equivalent thereto may join the
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6.2 Registration and tuition fees
A candidate may opt for registration to Group I or ATC, Group I and AccountingTechnician Course or Accounting Technician and/or Group II or Group I and Group II orfor all the levels. Payment of fees is to be made as per detailed chart given as Annexure - I(page no.39)
6.3 Registration Procedure
A student should submit filled in registration Forms for Integrated ProfessionalCompitance Course or Accounting Technician Course supplied along with Prospectusavailable at sales counter of decentralised offices. These forms can also be downloadedfrom Institute's website www.icai.org. On receipt of filled in form and requisite fee, theappropriate decentralized office will issue study materials for Group I and/or Group II orIPCC/ATC. The decentralized office will also issue registration letter. While takingadmission to 100 hours ITT with regional/branch office, a student is required to produce acopy of the registration letter.
6.4 Subjects for study
Six subjects of study in IPCC are –Group I
Paper 1: Accounting (100 marks)
Paper 2: Law, Ethics and Communication
Part I: Law (60 marks)
Business Laws (30 marks)
Company Law (30 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) and VAT (25 marks)
Integrated Professional Competence Course or may opt for Accounting Technician Course.
Simultaneously, student will also registered for practical training depending upon whetherhe is opting for ATC or IPCC.
In addition, a student has to register and undergo orientation progrmme & 100 hours ITTbefore appearing in Integrated Professional Competence Examination/ AccountingTechnician Examination.
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Group II
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)
The level of knowledge expected of students in the above subjects is ‘workingknowledge’. The detailed contents of the syllabus are given in Annexure – III (pageno.41).
6.5 Study Package
The Board of Studies provides a comprehensive study package of all subjects, revisionarystudy materials and suggested answers to the questions set in various examinations,information technology training modules and training guide.
6.6 Modes of imparting theoretical education
The Board imparts theoretical instruction through correspondence method ( distanceeducation ) to the students of the CPT course, IPCC, ATC and final (new) course. A widearray of modern methods are also used for imparting theoretical education which includes-
• Video CDs on various topics of CPT, IPCC, ATC and Final Courses;
• Guidance through [email protected].
In addition, the Board of Studies organizes classroom lectures through Regional Councilsand Branches of the ICAI and accredited institutions. A list of accredited institutions whichare presently imparting oral coaching classes for Professional Education (Course-II) /Professional Competence Course/Integrated Professional Competence Course is given inAnnexure – IV (page no. 59). A list of accredited institutions conducting oral coachingclasses for PCC/IPCC is hosted on the website www.icai.org.
Two different coaching modules are designed for conducting oral coaching classes forPCC/IPCC:
Module I
Crash Course Crash course comprising 3 hours per day Total teaching hours: 300Module of 100 days
Module II
Regular Course Regular course comprising 2 hours per day Total teaching hours: 350Module of 175 days
Fees to be charged for different modules will be fixed by the accredited institutions.
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6.7 Admission to Integrated Professional Competence Examination, Fees and Syllabus
No candidate shall be admitted to Integrated Professional Competence Examination unless-
(i) he is enrolled for the relevant level(s) of the Integrated Professional CompetenceCourse;
(ii) he produces a certificate to the effect that he has undergone a study course, for aperiod not less than nine months, as may be specified by the Council for therelevant level(s), as on the first day of the month in which the examination is held;and
(iii) he has completed a course on 100 hours Information Technology Training or 250hours Computer Training Programme before training and also undergoneorientation Programme before appearing in IPCE/ATE.
6.8 Requirements for passing the IPCE/ATE
A candidate may appear in both the groups simultaneously or in one group in oneexamination and in the remaining group at any subsequent examination. He/she is declaredpassed the IPCE/ATE if he passes in both the groups.
(i) A candidate shall ordinarily be declared to have passed in both the groups simultaneously,if he -
(a) secures at one sitting a minimum of 40 per cent marks in each paper ofeach of the groups and minimum of 50 per cent marks in the aggregate ofall the papers of each of the groups; or
(b) secures at one sitting a minimum of 40 per cent marks in each paper ofboth the groups and a minimum of 50 per cent marks in the aggregate ofall the papers of both the groups taken together.
(ii) A candidate shall be declared to have passed in a group if he/she secures at onesitting a minimum of 40 per cent marks in each paper of the group and a minimumof 50 per cent marks in the aggregate of all the papers of that group.
A candidate who has passed in any one but not in both the groups either of theIntermediate Examination or Professional Education (Examination – II) or ProfessionalCompetance Examination is granted exemption from passing the corresponding paper(s) inIPCE. The detailed charts indicating exemption(s) of corresponding paper is given asAnnexure – V (page no. 65)
In addition, a student who has been granted exemption in a paper or more than one papersof Professional Education (Examination – II) or Professional Competance Examinationunder Regulation 37A (7) of the Chartered Accountants Regulation 1988, is grantedexemption in the corresponding paper in IPCE.
6.9 Scholarships for meritorious students
The Board of Studies grants various Scholarships to students, namely, Merit, Merit-cum-Need based, Need-based Weaker Sections Scholarships out of the funds of the Institute
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and Endowment Schemes created by individual donors/Trusts/Societies. Variousscholarships are awarded twice in a year i.e. commencing from April and October everyyear and generally its announcements are released in the Students Newsletter – TheChartered Accountant Student. The students are required to apply in prescribedScholarship Application Form. Merit Scholarship are granted automatically on the basis ofMerit List released by the Examination Section.
(i) First three rank holders of CPT examination of each term who have takenadmission to PCC/IPCC are selected for award of merit scholarship @Rs.1250 permonth for a period of 18 months.
(ii) First three rank holders of PE-II/PCE/IPCE are granted merit scholarship @Rs.1250 per month for a period of 18 months/30 months/remaining period ofarticled training.
(iii) 60 Merit-cum-Need based scholarship are granted to rank holders of CPT/PE-II/PCE/IPCE @ Rs.1250 per month for a period of 18 months/30 months/remainingperiod of articled training.
(iv) 100 Need-based and Weaker Sections Scholarship are granted to the students ofPE-II/PCC/IPCC based on the result of each term of CPT examination @ Rs.1000per month for a period of 18 months.
(v) Two scholarships are reserved every year for physically handicapped students inneed based category.
(vi) For SC/ST/OBC category students, an additional amount of Rs.100/- is paid ineach category of scholarship.
(vii) In case any scholarship, falling under any category of a particular course, couldnot be granted, the same at the discretion of the Chairman, Board of Studies andDirector of Studies can be transferred to other course(s) under the same category.
(viii) Scholarship of various amounts are also granted under Endowment Schemes.
6.10 Fee concessions to disabled students
Disabled students are defined as follows:
(i) Blindness – “Blindness” refers to a condition where a person suffers from any ofthe following conditions, namely:
• total absence of sight;
• visual acuity not exceeding 6/60 or 20/200 (snellen) in the better eye withcorrecting lenses; or
• limitation of the field of vision subtending an angle of 20 degree or worse.
(ii) Low vision – “Low vision” means a person with impairment of visual functioningeven after treatment or standard refractive correction but who uses or ispotentially capable of using vision for the planning or execution of a task withappropriate assistive device.
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(iii) Leprosy cured – “Leprosy cured” means any person who has been cured ofleprosy but is suffering from
• loss of sensation in hands or feet as well as loss of sensation and paresisin the eye and eye-lid but with no manifest deformity;
• manifest deformity and paresis but having sufficient mobility in theirhands and feet to enable them to engage in normal economic activity;
• extreme physical deformity as well as advanced age which prevents himfrom undertaking any gainful occupation, and the expression “leprosycured” shall be constructed accordingly.
(iv) Hearing impairment – “Hearing impairment” means loss of sixty decibels or morein the better ear in the conversational range of frequencies.
(v) Locomotors disability – “Locomotors disability” means disability of the bones,joints or muscles leading to substantial restriction of the movement of the limbs orany form of cerebral palsy.
(vi) Permanent and total loss of voice – a disabled student has to submit a certificateof suffering from disability, certified by a physician / surgeon / oculist working ina Government hospital, as the case may be.
Disabled students, who are suffering from more than 50% disability as statedabove, are eligible for full exemption from payment of registration and tuition feesat PCC/IPCC/ATC and Final levels.
6.11 Other fee concessions and scholarships
The children of military and para-military forces who are studying chartered accountancycourse and whose either of the parents have lost their lives in action are exempted frompayment of tuition and registration fees. This concession of fees will be made available onproduction of necessary documents.
7. Practical Training/Work Experience/Articled Training*
The unique requirement of practical training/work experience/articled training isinstrumental in shaping a well-rounded professional to ensure that students have anopportunity to acquire on-the-job work experience of a professional nature. Such apractical training:
• Inculcates a disciplined attitude for hard work;
• Develops necessary skills in applying theoretical knowledge to practical situations;
• Provides exposure to overall socio-economic environment in which organisationsoperate; and
• Develops ethical values.
* Refer to Training Guide for details.
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A student who has passed Group I and Group II in one sitting or Group I can join 3 yearsof articled traning. The entire period of practical training can be served with a practisingmember or it can be served partly with a practising member and partly in an approvedindustrial establishment as an Industrial Trainee. The period of such industrial training mayrange between 9-12 months during the last year of the prescribed period of practicaltraining. Only students of final chartered accountancy course are eligible for industrialtraining.
7.1 Objectives of training programme
The main objectives of the training programme include the following:
(i) Acquisition of adequate theoretical knowledge: The objectives of thetheoretical education meant for the chartered accountancy course are -
• to impart necessary technical knowledge in relevant fields;
• to build up necessary comprehension and analytical skills; and
• to inculcate a professional and ethical approach.
The primary responsibility of imparting theoretical education rests with the Boardof Studies through distance learning mode. Various aspects of theoreticaleducation imparted by Board of Studies include:
• supply of study materials;
• supply of other academic inputs in the form of revisionary test papers,suggested answers, compilation of suggested answers of the previousexaminations conducted by the Institute and compilation of questionpapers set at the previous examinations conducted by the Institute;
• Academic updates and supplementary study materials;
• Students’ Newsletter;
• Case Studies;
• Audio cassettes and Video-CDs;
• Self-development booklet series;
• Guidance through e-mails at [email protected] and individual guidance atBOS Noida and various decentralized offices;
• Organizing oral coaching classes through accredited institutes.
The Principal ensures on a day-to-day basis that trainees acquire and assimilateadequate theoretical knowledge with a view to providing strong foundation forbuilding up of a professional chartered accountant. Such a theoretical knowledgecan be supplemented by the firm directly by organising group meetings, inter-firm/intra-firm, etc.
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(ii) Developing skills in applying theoretical knowledge to practical situations: Aprofessional accountant is not only required to acquire the necessary theoreticalknowledge but also to possess the necessary skill to apply that knowledge topractical problems encountered by him. Practical training, encompassing asufficient range and depth of work experience, enables a trainee to acquireknowledge and skill by participation in activities performed by professionalaccountants. The ability to develop solutions to practical problems throughapplication of theoretical knowledge is acquired by the trainees in the course oftheir practical training. Thus, a training programme must blend theoreticalknowledge and practical training.
(iii) Inculcating a disciplined attitude: Practical training scheme also has the effectof disciplining and conditioning the mind of the trainee so that he gets attuned tothe work environment and learns the virtues of patience and methodical work. Thesincerity, integrity, objectivity and hard work of individual members of theInstitute contribute to the position and prestige of the whole profession.
(iv) Imbibing due professional orientation: Practical training imparted by a firm ofchartered accountants must aim to endow due professional orientation amongsttrainees. Apart from virtues of independence and integrity, trainees must imbibeprofessional orientation towards clients and social consciousness. Ability tocommunicate and articulate effectively with the client must also be developed as apart of the training programme.
(v) Developing ethical values: Practical training also helps the trainees to developprofessional competence and related skills as also to acquire certain ethical valuesand norms expected of professional accountants. Since the trainee, on completionof practical training and on passing the required examination, will become amember of the Institute, it is imperative that he must be acquainted with the roleof a chartered accountant and the code of ethics.
7.2 Design of training programme
7.2.1 The Member Incharge of Training (MIT)/Principal may make a detailed assessment of thetraining environment so as to identify the areas in which the firm must provide training andthe contribution which the firm can expect from trainees. Such an assessment will ensurethat the training programme is relevant to the needs of the trainees and the firm. Thefollowing factors may be considered in this context:
(i) a review of the timing, type and total amount of work generated by the firm;
(ii) an assessment of the partners and staff with the experience, skills andqualifications needed to undertake the work and to provide supervision to trainees;
(iii) availability or otherwise of senior trainees for supervising the work done by juniortrainees;
(iv) reviewing the arrangements for instructions, particularly experience needs to be
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supplemented by theoretical training;
(v) The period for which trainees will be available for work. (The effect of releasingtrainees from assignments for courses or study leave must be taken into account);and
(vi) whether there are any deficiencies in the work experience available to trainees andhow these might be overcome e.g. by secondment etc.
7.2.2 In designing the training programme, the following components are consideredsimultaneously so as to make it meaningful:
(i) Categories of work experience
(ii) In-house theoretical training
(iii) Development of professional attitude
(iv) Phasing of training programme.
The training programme is planned to ensure that the above components are includedtherein. The above components which are integrated into a logical sequence and whichwill provide trainees with the skills expected of them, are considered in detail in laterparagraphs.
7.2.3 While considering integration of various components of a training programme thefollowing elements are noteworthy:
(i) Assigning progressive work experience commensurate with the expanding abilitiesof the trainees around:-
Ø a number of ‘core’ assignments for each trainee; and
Ø further assignments selected to broaden the trainee’s experience whichwill not necessarily be repeated.
(ii) Designing a study plan to ensure that trainees are fully prepared to takeexaminations for which they are eligible.
(iii) Ensuring that work experience is preceded and backed by practical instructionincluding briefing before each assignment to ensure that the requirements ofAccounting Standards and Auditing and Assurance Standards relevant to thebusiness of the auditee, etc. are fulfilled and that application of practicaltechniques to the circumstances of individual clients is properly understood.
(iv) Ensuring that any in-house theoretical training is integrated with practical workexperience, which will update the Trainees/Students with latest knowledge anddevelopments.
(v) Assigning higher levels of technical and supervisory responsibility and clientcontact designed to ensure that personal and managerial skills are developed.
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(vi) Ensuring that professional attitude and an understanding of professional ethics aredeveloped by all trainees.
7.3 Categories of work experience
7.3.1 The categories of work experience are generally grouped as under:
Ø Accounting
Ø Auditing (including internal audit)
Ø Taxation (direct and indirect)
Ø Information technology
Ø Management services (including services in the field of financial management andcorporate affairs)
Ø Other areas, if any.
7.3.2 The aforesaid areas generally include the following:
(i) Accounting includes Financial Accounting and Management Accounting:
Ø Maintaining of books of accounts, manual or computerised
Ø Preparing final accounts
Ø Application of statutory provisions, compliances of Accounting Standardsand other pronouncements of the Institute, etc.
Ø Analysis and interpretation of financial statements
Ø Preparing and reviewing budgets
Ø Preparing and reviewing fund flow and cash flow statements.
(ii) Auditing includes statutory audits, audit of various type of business and non-business organisations, tax audit, EDP audit, internal audit, operational audit,management audit and certification work:
Ø Preparing audit programmes
Ø Audit working papers and documentation
Ø Understanding, recording and evaluating internal control system
Ø Performing substantive audit procedures
Ø Scrutinising financial statements
Ø Compliance with auditing and assurance standards
Ø Drafting audit report
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(iii) Taxation includes both direct and indirect taxes:-
Ø Computation of Total Income under Income tax law
Ø Computation of Total Wealth under Wealth tax law
Ø Preparation and filing of returns under various direct tax laws likeIncome-tax, Wealth-tax etc.
Ø Valuation of stocks, securities, etc. for the purpose of various direct taxlaws e.g. Wealth Tax, Income from Capital Gains, etc.
Ø Tax planning
Ø Drafting of relevant deeds, documents, schemes, etc.
Ø Preparation and filing of returns under various indirect tax laws like ExciseLaw, Central Sales Tax, State Sales Tax, VAT, Service Tax, ExpenditureTax, etc.
Ø Classification and valuation under various indirect tax laws like ExciseLaw, etc.
Ø Procedural compliance under various direct and indirect tax laws e.g. taxdeduction/collection at source, interest for late payment of taxes, appealsetc.
(iv) Information technology including computer applications
Use of skills acquired by the students during the 100 hours information technologytraining in their actual work areas such as:
Ø Use of customised or standards accounting packages, enterprise resourceplanning, etc.
Ø Developing and maintaining data bases
Ø Data extraction and analysis techniques
Ø E-commerce – audit and legal considerations
Ø System development life cycle
Ø Business continuity planning
Ø Information security
Ø Information systems audit
Ø Cyber laws and information technology.
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(v) Management consultancy and other services including services in the fieldof financial management and corporate affairs such as:
Ø Preparation of fund flow and cash flow statements and forecasts
Ø Projection of working capital requirements
Ø Preparation of project reports
Ø Preparation and processing of loan applications
Ø Amalgamation and merger schemes
Ø Planning capital structure
Ø Drafting of memorandum and articles of association
Ø Formation of companies
Ø Preparation and analysis of prospectus
Ø Raising of capital, new issues and matters concerned therewith including SEBIGuidelines
Ø Drafting of minutes
Ø Insolvency/Liquidation proceedings.
(vi) Other areas may include work study, organisational structure, design and conductof training programmes, corporate planning.
7.3.3 The categorization of work experience as above should not be considered exhaustive orrigid as it is quite likely that working in a particular field may also overlap with other areas.For instance, work experience in the area of accounting and auditing may not bedistinguishable in actual practice as both areas are quite inseparable from each other.Further, computers may be used in any of the aforesaid categories of work experience.
7.4 Providing effective work experience
To make work experience effective, the following procedures may be observed:-
7.4.1 The trainee’s academic and other background should be ascertained and the work assignedshould be such as would give him new experience. It is also preferable to assign all aspectsof the work to a trainee in progressive stages rather than small portions of unrelated jobs.Necessary additional briefing should be given to such trainees who do not possess aneducational background like a degree in Commerce. The assignment should be discussedwith the trainee in advance and he should be informed about the nature of the client’sbusiness, the general economic conditions in which client operates and special features, ifany, regarding the assignment. The following steps may be taken in this direction:
(i) ensuring that before undertaking new work, trainees receive the knowledge, skilland understanding required to perform that work effectively;
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(ii) providing any further explanation, instruction or correction as may be necessary,as a normal part of the supervisory process;
(iii) clarifying relevant issues during the review of completed work.
7.4.2 In the case of an audit assignment, the trainee should be encouraged to study the auditreports of previous years to acquaint himself with all the relevant facts. Whereverpossible, a visit to the client’s works should also be arranged. The importance of workingpapers should also be explained to the trainee.
7.4.3 In the case of a tax assignment, the trainees who have acquired sufficient background oftax laws may be briefed about peculiar features of transactions of a client requiring specialtax considerations, etc. The trainee may be encouraged to study and analyse prior years’assessments, familiarise himself with various admissible and inadmissible deductions andprepare comprehensive draft tax returns, refer relevant case laws, etc.
7.4.4 For achieving maximum benefit, a review of the working papers must be conducted in thepresence of the trainee and additional work or enquiry should be assigned to the sametrainee. The review gives a good opportunity to transmit to the trainee the benefit of asenior’s skill, experience and knowledge and when conducted on a friendly basis,encourages the trainee to ask questions to appreciate the relationship of his work to theentire assignment and to understand other related aspects of work which might have beenoverlooked. In brief, it induces the trainee to understand the “why and how” of thematters under consideration. It needs little emphasis that work experience should not beconfined to particular areas of work, but should cover all aspects of work in a charteredaccountant’s office.
7.4.5 Review of the work experience by MIT/Principal on a continuous basis would ensure thatwork performed by the trainee is of requisite standard. Deficiencies in the workexperience, if any, noted by the MIT/Principal can be taken care of while allocatingsubsequent assignments. Such a review would also assist the MIT/Principal in subsequentcompletion of Training Records.
7.5 In-house theoretical training
7.5.1 It is another important component of practical training as practical work experience can besupplemented by arranging in-house theoretical training. Such training involves laying thefoundation of knowledge and skills on which the work experience is built-up. It is not analternative to work experience and it cannot compensate for any deficiencies in the qualityor extent of work experience within the office. Theoretical training may be provided bythe firm or through a group training scheme organised by two or more firms. Some of theadvantages may be listed as follows:
(i) Sharing of work experience by one set of trainees with another batch leads toenhancement in overall level of knowledge;
(ii) Group-discussion and presentation by trainees in the presence of MIT/Principal
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not only helps in sorting out ticklish points of a particular client but also inbroadening the vision of trainees;
(iii) A number of trainees can acquire practical knowledge and practise technical skillssimultaneously. This may be more cost-effective than providing individualinstruction;
(iv) Communication becomes more effective;
(v) Trainees can be exposed to latest developments in the field and asked to applythese developments in real life situations;
(vi) The total time devoted by supervisors is reduced as trainees tend to performbetter.
7.5.2 A theoretical training programme would include the following :-
An induction course for new trainees introducing the office, the Institute (in particular itsethical standards), student training records, basic book-keeping, accounting, theory ofauditing and taxation;
Periodic courses throughout the training period, for example:
Ø Preparation of statutory accounts;
Ø Analytical review of accounts;
Ø Preparation of working papers;
Ø Basic supervisory skills;
Ø Hands-on computer training; and
Ø Flow-charting internal control system.
7.5.3 In-house theoretical training may be carried out internally by firms or by groups of firmswhere the size of each such firm does not permit conducting the training programmeindividually. Such formation of groups would be both economical and effective.
7.5.4 The Institute has set up its own computer centres at regional offices viz. Mumbai,Chennai, Kolkata, Kanpur and Delhi with a view to providing education and training to itsstudents and members in computer applications. It is suggested that firms may encouragetrainees to avail of the facilities provided at these centres wherever possible.
7.6 Stipend to articled assistants applicable on or after June 1, 2006
A person registered as an articled assistant is entitled to receive a minimum monthlystipend as per the rates specified under the Chartered Accountants Regulations, from timeto time. The current minimum rates of monthly stipend payable, depending on the situationof the normal place of services of the articled assistants, are as follows:
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Classification of the normal place Stipend payable per month duringof service of the articled assistants
During the During the During thefirst year of second remainingtraining year of period of
training training
1. Cities/Towns having population of Rs. 1000 Rs. 1250 Rs. 150020 lakhs and above
2. Cities/Towns having population of Rs. 750 Rs. 1000 Rs. 12504 lakhs and above but less than20 lakhs
3. Cities/Towns having population of Rs. 500 Rs. 750 Rs. 1000less than 4 lakhs
7.7 Permission to pursue other courses of study including guidelines on working hours
Under Regulations 65 and 78 of the Chartered Accountants Regulations, 1988 an articled/audit assistant cannot take up any other course of study or training, whether academic orprofessional, without prior permission of the Council. The permission may be granted toan articled/audit assistant, for pursuing one additional course of study at a time during theperiod of practical training on submission of request in the prescribed Form.
Permission to pursue other courses
7.7.1 During the working hours, the articled assistant is not permitted to attend college/otherinstitutions for pursuing any course including graduation. Accordingly, college timings ofsuch course should not be such (after taking into account the time required to commute)which clashes with the normal working hours of the articled training.
7.7.2 To ensure that the working hours do not clash with the graduation or any other course, ifany pursued by the articled assistant, each articled assistant registered on or after 1stApril, 2008 shall now be required to obtain specific permission from the ICAI for pursuinggraduation or other course as permitted under the Chartered Accountants Regulation bysubmitting Form No.112, within one month from the date of joining the college or courseto the ICAI.
7.7.3 The articled assistant registered prior to 1.4.2008 and undergoing graduation or any othercourse and who have not obtained specific permission shall not be required to obtain thespecific permission from the ICAI by submitting Form No.112 and the permission sogranted shall continue to be valid.
7.7.4 The Certificate in Form No. 112 indicating college timings etc. shall be counter-signed bythe concerned Principal of the college with the seal and stamp of the College and alsoindicating the telephone number/s and full address of the College.
7.7.5 In case a student does not comply with the above requirements or violates any of theabove guidelines, his/her articleship period shall not be recognised.
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Working Hours
i. The working hours for the articled assistants shall be 35 hours in a week excludingthe lunch break.
ii. The office hours of the Principal for providing article training to the articledassistants shall not be generally before 9.00 A.M. or after 7.00 P.M.
iii. The normal working hours for the articled assistants shall not start after 11.00A.M. or end before 5.00 P.M.
iv. The working hours for the articled assistants should not exceed 35 hours in aweek excluding the lunch break and normally an articled assistant be required towork during the normal working hours fixed for articled assistants.
v. In case of the exigencies of work with the Principal, an articled assistant may berequired to work beyond his/her normal working hours. However, under suchcircumstances, the aggregate number of working hours shall not exceed 45 hoursper week. The requirement to work beyond 35 hours in a week should not be apractice but only in exceptional circumstances. Further, where the articledassistant is required to work beyond normal working hours, and aggregate of suchhours exceed 35 hours per week, he/she shall be entitled to compensatory leavecalculated with reference to number of completed working hours, over and above,35 hours per week.
7.7.6 In this connection, attention is invited to the Regulations 65 and 66 read with Regulation60 of the Chartered Accountants Regulations, 1988 which provide as under:-
Regulation 60: Working hours of an Articled Assistant
“Subject to such directions as may be issued by the Council, the working hours of anarticled assistant shall be 35 hours per week to be regulated by the Principal from time totime”.
Regulation 65: Articled Assistant not to engage in any other occupation
“Without the previous permission of the Council, obtained on application made in the*approved form, no articled assistant shall, during the period of his service as an articledassistant, take any other course of study or training, whether academic or professional, orengage in any business or occupation.”
Regulation 66: Enquiries against articled assistant
(1) Where a complaint or information of any misconduct or breach of Regulation 65or breach of any of the covenants contained in the articles is received against anarticled assistant from his principal or any other person, the President or the Vice-President as the Executive Committee may decide from time to time, may cause aninvestigation to be made.
(2) The Executive Committee may, on a consideration of the report of the investigationand after giving the articled assistant an opportunity of being heard, make any ofthe following orders, namely;-
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i. direct that the papers be filed and the complaint be dismissed, if theExecutive Committee finds that the articled assistant is not guilty of anymisconduct of breach of Regulation 65 or breach of any of the covenantscontained in the articles; or
ii. if the articled assistant is found guilty, reprimand the articled assistant orcancel the registration of articles or direct that any period already servedunder such articles shall not be reckoned as service for the purpose of theperiod of practical training specified in Regulation 50.
(3) The articled assistant, the registration of whose articles has been cancelled underthis regulation, shall not, except with the permission of the Executive Committeebe retained or taken as an articled assistant or audit assistant by any member”.
8. 100 hours Information Technology Training
A student is required to undergo 100 hours ITT before appearing Group I/ATE. Thedetailed contents of the training programme are given in Annexure – VI (page no.74) Thetraining programme is for a period of 20/25 days @ 5/4 hours per day. The structure oftraining of ITT is as follows:
Online examination ( 3 hours ) 60 marks
Project Report 20 marks
Module tests 20 marks
Pass marks 60 marks
Existing students of Intermediate/Professional Education (Course–II)/ProfessionalCompetance Course who have not yet undergone 250 Hours Compulsory ComputerTraining/ 100 Hours ITT may complete the same during the study course of 9 months.
Students of PE-II/PCC, who have already completed 100 Hours ITT and wish to join IPCCare not required to undergo 100 hours ITT.
8.1 Registration for the scheme
Students who have already registered themselves for Professional Education(Examination – II)/Professional Competance Examination and intend to switch over IPCCneed not to pay registration fee of Rs. 2,000 for the 100 hours ITT as it was chargedalong with registration, tuition fee and other fees at the time of admission to PCC andregistration of articled / audit training.
Fee payable to the accredited regional office/branch of the ICAI for undergoing thecomputer training:
A student has to pay a fee of Rs. 4000/- to the regional/branch office of the ICAI selectedby the student where he intends to undergo 100 hours ITT.
The course fee includes cost incurred by the regional offices/branches of the ICAI forsupplying courseware as well as the cost of registration for the course, library fee,computer and internet usage charges and cost of conducting training, module tests,
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project and final online examination. It also includes the cost of evaluation, marking,preparing results and submitting the list of eligible candidates to the Board of Studies,ICAI, Noida and regional offices for issuance of completion certificate.
Disabled students (the meaning of which is explained in Para 6.10) are exempted fromundergoing 100 Hours ITT with accredited Regional offices/branches of the ICAI. Theyhave to self-study the course materials and qualify two specially designed test papers as perthe requirements stated in Paragraph 8.6.
8.2 Duration
The fresh batches shall start in the first week of each month. Students should note thatthey must undergo 100 hours ITT with the accredited regional offices/branches of theICAI wherein they have registered for a minimum period of 20/25 days @ 5/4 hours perday or any other equivalent module covering 100 hours. A student should not appear forthe final online examination before he/she completes the minimum training periodprescribed in the training programme.
A student has to complete training uninterruptedly. However, if a student needs to take abreak due to unavoidable circumstances, he is allowed to complete balance period oftraining along with the next batch. A written consent of the Centre Incharge of theaccredited regional office/branch of ICAI is to be obtained by the student for this purpose.
8.3 Course materials
Board of Studies of the ICAI has developed its own course material, which is used by allaccredited regional offices/branches of ICAI during the training. The course material ismade available to the students at the time of registration with the decentralized office. Inaddition, accredited regional offices/branches of ICAI may provide lecture notes. Studentsare advised to study the appropriate course modules in detail before the relevant classes areconducted by the accredited regional offices/branches of the ICAI. The Board of Studiesannounces from time to time any change in the guidelines for 100 hours ITT throughStudents’ Newsletter – “The Chartered Accountant Student”. Such changes are also hostedon the Institute’s website www.icai.org. The Chairmen of the accredited Regional offices/branches of the ICAI are also communicated about any change in the guidelines. Whileundergoing 100 hours ITT, a student should remain in regular touch with the center head ofthe accredited regional offices/branch of the ICAI.
8.4 Training details
Accredited regional offices/branches of the ICAI will carry out 100 hours ITT as per thedetailed course contents provided by the Board of Studies. They will ensure that allmodules are taught as per the time duration specified in the syllabus.
8.4.1 Module tests: Each student is required to pass two module tests. The accredited regionaloffices/branches of ICAI carry out the evaluation and moderation of test papers.
A student is required to pass two module tests by securing at least 50% marks in individualtest. In case a student fails to do so, one reappearance for each test may be allowed free
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of cost. For any additional reappearance, the student is required to pay a nominal fee ofRs. 150/- per test. These tests carry 20% weightage.
8.4.2 Project: Each student is required to prepare a multi-disciplinary project of 100 markscovering all aspects of the syllabus. The weightage of the project is 20%. The studentsshould submit the project at their concerned accredited regional offices/branches of theICAI.
8.4.3 Attendance: The accredited regional offices/branches of the ICAI maintain a properattendance record. A student is required to have minimum 90 % attendance.
8.4.4 Eligibility for final online examination: After undergoing the training for specified duration,a student becomes eligible for the final online examination only if he fulfils the followingcriteria:
(i) 90% Attendance;
(ii) Clearance of the two module tests;
(iii) Submission of the project; and
(iv) Full fee is paid;
Once a student becomes eligible, he has to appear for the online examination within fourmonths.
8.4.5 Final online examination: The final examination is of objective type. The duration of thesame being 3 hours comprises of 200 questions.
The final examination is held in an on-line mode on last Sunday of the month to beconducted by the accredited regional offices/branches of the ICAI.
On the day of the examination, a student is required to go to the designated accreditedregional office/branch of ICAI and take the examination on-line. A student would not beallowed to exceed the allotted time. Questions will be generated randomly for the studentsappearing for the online examination. The total number of questions generated for eachtopic must be in accordance to the total number of hours of training allocated to thattopic.
Once the student commences the examination, he is expected to complete the paperwithout any break. The evaluation is also done on-line.
8.4.6 Passing percentage for 100 hours ITT : 60% in aggregate taking into account moduletests, project and final examination.
The allocation of marks are as follows:
Module tests : 20%
Project : 20%
Final on-line examination : 60%
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In case a student fails to secure 60% or more in aggregate, he may be allowed to reappearfor on-line examination for two more attempts. No fee is charged by the accreditedregional office/branch of ICAI for such reappearance. However, if a student fails to secure60% marks even after three attempts, he may have to pay a nominal fee not exceeding Rs.300/- to the accredited regional office/branch of ICAI for every additional attempt.
8.5 Certification
Training completion certificate as well as passing certificate is issued by the concernedregional council of the ICAI. The nomenclature of the programme is “C.A. Students’Information Technology Training Course”.
8.6 100 hours ITT for disabled students
The Institute has exempted disabled students from undergoing 100 hours ITT with theaccredited regional offices/branches of the ICAI. An alternative scheme has been designedas described below:
Disabled students are required to inform the Board of Studies about their option forexemption for undergoing 100 hours ITT, along with the necessary documents, at theappropriate decentralized office. Such students are not required to pay any registration feefor the purpose of 100 hours ITT. The appropriate decentralised office shall provide thema set of course materials on registration. Since the minimum duration of the course istwenty days, therefore, a disabled student is required to self-study such course materialsfor a minimum period of 20 days. Thereafter, he can send a request to the decentralisedoffice for specially designed two test papers and also inform about his schedule forsubmission of these test papers. The answer sheets of these test papers are to besubmitted at the appropriate decentralized Office. The student shall be issued certificate for‘CA students’ information technology training course’ on qualifying such test papers.
9. Final (New) Course and admission to Final ExaminationAfter passing Intermediate/Professional Education (Examination-II)/ProfessionalCompetence Examination/Integrated Professional Competence Examination, a studentshould register with the Board of Studies in the prescribed form and collect studymaterials of the final course, and prepare for the final examination. He may undergoGeneral Management and Communication Skills Course as per Regulations 51A / 72A ofthe Chartered Accountants (Amendment) Regulations, 2006 and complete articled trainingof 3 years or equivalent audit training.
A candidate shall be admitted to the final examination, if he has passed the Intermediate/PE-II/PCC/IPCE, and has completed the practical training of 3 years or is serving last 6months of his articled training on or before the last day of the month preceding the monthin which the examination is held.
9.1 Requirements for passing the Final Examination
A candidate may, appear in both the groups simultaneously or in one group in oneexamination and in the remaining group at any subsequent examination and shall ordinarily
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be declared to have passed the final examination if he passes in both the groups.
A candidate shall ordinarily be declared to have passed in both the groups simultaneously,if he –
(i) secures at one sitting a minimum of 40 per cent marks in each paper of each ofthe groups and minimum of 50 per cent marks in the aggregate of all the papers ofeach of the groups; or
(ii) secures at one sitting a minimum of 40 per cent marks in each paper of both thegroups and a minimum of 50 per cent marks in the aggregate of all the papers ofboth the groups taken together.
A candidate shall be declared to have passed in a group if he secures at one sitting aminimum of 40 per cent marks in each paper of the group and a minimum of 50 per centmarks in the aggregate of all the papers of that group.
A candidate who has passed in any one but not in both the groups of the Final Examination(under the old course) is granted exemption from passing the same group in the FinalExamination (under the new course), i.e., if a student has passed Group I of the FinalExamination (under the old course) he is granted exemption from appearing in Group I ofFinal Examination (under the new course), or if a student has passed Group II of FinalExamination (under the old course) he is granted exemption from appearing in Group II ofFinal Examination (under the new course).
In addition, a student who has been granted exemption in a paper or more than one papersof Final Examination (old) under Regulation 37A (7) of the Chartered AccountantsRegulation 1988, is granted exemption in the corresponding paper in the Final Examination(New).
10. Course on General Management and Communication Skills
The course can be taken by a student during the last 12 months of articled/audit training whileundergoing final course but before applying for membership of the Institute.
The objective is to equip the entrants of the profession with some essential skills, such as –
• General management and business communication skills;
• Presentation skills;
• Group discussion skills;
• Inter-personal skills;
• Legal document preparation skills;
• To enable the participants to become more confident and capable of using the knowledgegained while doing the chartered accountancy course;
• To increase level of awareness of management theory and practice with the ultimateaim of self-development; and
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• To provide opportunities for personal interaction with fellow students by sharingexperiences and for inter-action with senior members of the profession and management;
The course would, inter alia, aim at developing the habit of reading with the enhanced capacityof comprehension.
The requirement of compulsory attendance in this course will apply to articled/audit assistants:
• who have passed the final examination, in its entirety under the new syllabus specifiedby the Council under Regulation 31 of CA Regulations, 1988;
Even if a candidate passes one of the groups of the final examination in the final examination heldin November 2002 and onwards (other group having been passed earlier), he is compulsorilyrequired to undergo and complete the course;
• who has passed intermediate/professional education (examination-II)/professionalcompetance course and
• who has passed IPCE under the new scheme of education and training.
Details of this programme is available in the prospectus of the final course.
The students are required to pay the prescribed fees for undergoing this course. The Board ofStudies issues a background material for this course which a student should thoroughly studybefore undergoing this course.
10.1 Exemption from payment of fees to disabled students for undergoing General Managementand Communication Skills Course
Disabled students as defined in Para 6.10 are exempted from payment of fees for undergoing theCourse on General Management and Communication Skills. Such students can either opt to (i)attend all the classes or (ii) appear in two test papers of 3 hours each after a study period of 15days from the date of registration and after thoroughly studying the Background Material.
11. Membership of the Institute
Every person who has been admitted as a member and whose name is entered in the Registerof Members is deemed to be an Associate Member of the Institute. A member who has beenan Associate and who has been in continuous practice for not less than five years andpossesses the experience prescribed by the Council for this purpose is entitled to apply forFellow Membership. A member has the right to use the distinctive letters ‘FCA’ or ‘ACA’signifying that he is a Fellow or an Associate respectively. A member of the Institute mayeither practice as a Chartered Accountant or go for employment. A member desirous ofpractising as a Chartered Accountant is required to obtain a Certificate of Practice from theInstitute.
12. Students’ Activities in Board of Studies
Board of Studies organizes seminars and other students’ related activities through variousbranches and regional councils. In addition, it organizes annually All India Students’Conferences and National Conventions. Students’ Conferences National Conventions are
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also held at regional level. In these conferences / conventions contemporary issues relatingto chartered accountancy courses and career opportunities of Chartered Accountants aredeliberated. Students are encouraged to contribute papers or otherwise participate in theseconferences / conventions. Board of Studies also organizes elocution and quiz contests. Atthe first level these contests are organized at the branch level. Winners of the branch levelparticipate in the regional level contests and finally winners of regional level contestsparticipate in the All India Level Contests. These contests are organized with an objectiveto improve the communication skills of the students as well as their subject knowledge.The Board of Studies conducts lectures for the benefit of CPT/PE-II/PCC/IPCC/FinalStudents through Gyan Darshan Channel, in interaction mode, in collaboration withIGNOU. These programmes are aired through satellite and students can also view/interactin these programme from remote areas.
13. Opportunities for Chartered Accountants
Chartered Accountancy - A challenging career at the cutting edge of trade, industry andeconomic growth. A profession that imparts the best of technical skills in financial andmanagement areas and abilities necessary for deciding and acting upon the high-pressuresituations. No wonder that the Chartered Accountancy is a high status profession and apassport to challenging and rewarding career in industry and commerce. CharteredAccountants today have occupied top management positions in public as well as privatesectors. They also render professional services as accountants and managementconsultants. The society has increasingly recognized the services of CAs in entire gamutof management consultancy including management accounting, management informationand control systems, international finance, information technology and financial servicessector. CAs today are part of the top management team and hold key positions in thecorporate sector. Even in the government, they occupy prominent positions. Rapidchanges taking place in the economy have further opened up new vistas of opportunitiesfor the Chartered Accountants. On becoming a Chartered Accountant, you have manyoptions for pursuing challenging and rewarding career.
13.1 Independent Professional Practice
As practitioners of public accounting, CAs may start professional practice as a proprietoror join any existing firm as a partner or staff member. A CA has been entrusted withsubstantial responsibility of various legislations such as compulsory audit of the accountsof all companies, banks, cooperative societies, stock brokers, big income-tax assessees,large bank borrowers, etc. A Chartered Accountant also provides compilation and reviewservices as and when required by enterprises. While practising as an independentprofessional, a CA also acts as a business advisor by providing all kinds of servicesincluding the preparation of financial reports, helping the business to secure loans,preparing financial projections showing how the loans will be repaid, and determining theviability of business. As a tax advisor, CA helps business and individuals to comply withtax laws and represent their clients before government agencies.
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13.2 Management Consultancy Services
A Chartered Accountant plays a vital role in assisting businesses to improve the use oftheir resources, increase their efficiency and achieve their objectives. As a managementconsultant CA can also identify, evaluate and recommend ways to increase revenue andreduce operating costs, analyze operations and suggest changes in structure and individualresponsibilities, conduct special studies, prepare recommendations, plans and programs,and provide advice and technical assistance in their implementation. The breadth ofmanagement advisory services rendered by Chartered Accountants reflect their clearresponse by application of their technical knowledge and business experience to theclient’s changing needs. Such services include -
• Financial management planning and financial policy determination such as capitalstructure and related areas;
• Preparation of project reports and feasibility studies;
• Market research and demand studies;
• Management accounting systems, cost control and value analysis;
• Budgeting, inventory management, working capital management;
• Personnel recruitment and selection, incentive plans;
• Business policy, corporate planning, organisation development, growth and diversification;
• Organisation structure and behaviour, development of human resources;
• Systems analysis and design, and computer related services;
• Advisor or consultant to an issue;
• Investment counselling in respect of securities;
• Registrar to an issue and for transfer of shares/other securities; and
• Quality audit, energy audit and environmental audit.
13.3 Opt for Industry / Government Organisation
A Chartered Accountant may prefer to join an industry or government organisation and holdresponsible position. Chartered Accountants are responsible for developing, analyzing and reportingon information needed for business decisions. They also evaluate the financial effects ofmanagement’s actions. A Chartered Accountant may also take up the job of an educator at auniversity/college level. Many Chartered Accountants hold responsible positions in business orindustrial firm as CEOs, Managing Directors, Director (Finance) and Chief Accountants.
13.4 Global Scenario
The opportunities are simply ever increasing. Today huge opportunities are available forprofessionals with the specialised knowledge and skills sought by global organizations. Theseinclude the areas of national and international taxation, finance and corporate law. The knowledgeof local laws and regulations, of course, places Chartered Accountants in a stronger position tosupply services to global organizations entering the Indian Market.
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14. ICAI – IGNOU Memorandum of Understanding (MOU)
The Institute of Chartered Accountants of India (ICAI) has entered into a Memorandum ofUnderstanding by which Indira Gandhi National Open University (IGNOU) launchedspecial B.Com Course majoring in Accountancy and Finance and special M.Com Coursemajoring in Finance and Taxation for CA students. Details of the MOU are available onour website www.icai.org/icairoot/announcements/announ927.html.
15. ICAI – NSOU Memorandum of Understanding (MOU)
The Institute of Chartered Accountants of India (ICAI) has also entered into aMemorandum of Understanding by which Netaji Subhas Open University (NSOU), Kolkatawill conduct special B.Com Course for students pursuing chartered accountancy course.Students will be exempted from appearing in various papers under MOU.
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Annexure I
Fees to be charged from the students registering for Integrated Professional Competence Course (IPCC)/Accounting Technician Course (ATC)
1 2 3 4 5 6
BothGroupsIPCC
(Withoutarticles)
BothGroupsIPCC
(Withoutarticles)
BothGroupsIPCC &
ATC(Withoutarticles)
BothGroupsIPCC &
ATC(Withoutarticles)
Group Iof IPCC
Group Iof IPCC
Group IIof IPCC(Withoutarticles)
Group II ofIPCC
(Withoutarticles)
Group IIof IPCC(With
articles)
Group IIof IPCC(With
articles)
AccountingTechnician
Course
AccountingTechnician
Course
Rs. $ Rs. $ Rs. $ Rs. $ Rs. $ Rs. $
Registration fee for ATC – 1000 – – – 1000
Registration fee with BOS 1000 1000 1000 1000 1000 –
Registration fee forOrientation Programme 1000 1000 1000 – – 1000
Registration fee for 100hours ITT 2000 2000 2000 – – 2000
Registration fee for oneyear work experience – – – – – 2000
Tuition fee for ATC – – – – – 3000
Tuition fee for IPCC 4000 4000 3000 3000 3000 –
Students’ Activities Fee 1000* 1000* 1000* 1000* 1000* 1000*
Students’ Association Fee – – – – 1000 –
Registration fee as articledassistant – – – – 1000 –
TOTAL FEES 9,000 550 10,000 600 8,000 500 5,000 300 7,000 400 10,000 600
* To be charged only once at the time of initial registration.
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Annexure II
Fees to be charged from old students registering for Integrated Professional Competence Course (IPCC)/Accounting Technician Course (ATC)
Various Charges Intermediate Professional Education Professional Education (Course-II) Professional(Articles Completed/ (Course-II) (With articles) Competence Coursepartially completed) (Without articles)
BothGroupsIPCC#
Group IIPCC
ATC GroupII
Group IIPCC
ATC
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
Registration fee for ATC – – 1000 – – – 1000 – – – 1000 – – – 1000 –
Registration fee with BOS – – – – – – – – – – – – – – – –
Registration fee forOrientation Programme 1000 1000 1000 – 1000 1000 1000 – 1000 1000 1000 – 1000 1000 1000 –
Registration fee for 100hours ITT 2000 2000 2000 2000 2000@ 2000@ 2000@ 2000@ 2000@ 2000@ 2000@ 2000@ – – – –
Registration fee for oneyear work experience – – – – – – 2000 – – – – – – – – –
Tuition fee for ATC – – 3000 – – – 3000 – – – 3000 – – – 3000 –
Tuition fee for IPCC 4000 3000 – 3000 4000 3000 – 3000 4000 3000 – 3000 4000 3000 – 3000
Students’ Activities Fee 1000* 1000* 1000* 1000* 1000* 1000* 1000* 1000* 1000* 1000* 1000* 1000* 1000* 1000* 1000* 1000*
Students’ Association Fee – – – – – 1000* – 1000* – – – – – – – –
Registration fee as articledassistant – – – – – 1000 – 1000 – – – – – – – –
TOTAL FEES 8,000 7,000 8,000 6,000 8,000 9,000 10,000 8,000 8,000 7,000 8,000 6,000 6,000 5,000 6,000 4,000
* To be charged only once at the time of initial registration# To be paid Rs. 1,000/- if the student register for ATC along with both groups of IPCC@ To be paid only if the student had not registered himself/herself for 250 Hours CCT or 100 Hours ITT
BothGroupsIPCC#
GroupII
Group IIPCC
ATCBothGroupsIPCC#
Group II GroupI IPCC
ATCBothGroupsIPCC#
GroupII
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INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
SyllabusGROUP I OF IPCC/ ACCOUNTING TECHNICIAN COURSE (ATC)
Paper 1: Accounting
(One paper – three hours – 100 marks)
Level of Knowledge: Working Knowledge
Objectives:
(a) To lay a foundation for the preparation and presentation of financial statements;
(b) To gain working knowledge of the principles and procedures of accounting and their applicationto different practical situations;
(c) To gain the ability to solve simple problems and cases relating to sole proprietorship, partnershipand companies; and
(d) To familiarize students with the fundamentals of computerized system of accounting.
Contents
1. A General Knowledge of the framing of the accounting standards, national andinternational accounting authorities, adoption of international financial reporting standards
2. Accounting Standards
Working knowledge of:
AS 1 : Disclosure of Accounting Policies
AS 2: Valuation of Inventories
AS 3: Cash Flow Statements
AS 6: Depreciation Accounting
AS 7: Construction Contracts (Revised 2002)
AS 9: Revenue Recognition
AS 10: Accounting for Fixed Assets
AS 13: Accounting for Investments
AS 14: Accounting for Amalgamations
3. Company Accounts
(a) Preparation of financial statements – Profit and Loss Account, Balance Sheet and CashFlow Statement
(b) Profit (Loss) prior to incorporation
Annexure III
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(c) Alteration of share capital, Conversion of fully paid shares into stock and stock intoshares, Accounting for bonus issue
(d) Simple problems on Accounting for business acquisition, Amalgamation andreconstruction (excluding problems of amalgamation on inter-company holding)
4. Average Due Date, Account Current, Self-Balancing Ledgers
5. Financial Statements of Not-for-Profit Organisations
6. Accounts from Incomplete Records
7. Accounting for Special Transactions
(a) Hire purchase and instalment sale transactions
(b) Investment accounts
(c) Insurance claims for loss of stock and loss of profit.
9. Issues in Partnership Accounts
Final accounts of partnership firms – Admission, retirement and death of a partner includingtreatment of goodwill;
10. Accounting in Computerised Environment
An overview of computerized accounting system – Salient features and significance, Conceptof grouping of accounts, Codification of accounts, Maintaining the hierarchy of ledger,Accounting packages and consideration for their selection, Generating Accounting Reports.
Note :
If either old Accounting Standards (ASs), Announcements and LimitedRevisions to ASs are withdrawn or new ASs, Announcements and Limited Revisions to ASs areissued by the Institute of Chartered Accountants of India in place of existing ASs, Announcementsand Limited Revisions to ASs, the syllabus will accordingly include/exclude such newdevelopments in place of the existing ones with effect from the date to be notified by theInstitute.
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Paper 2: Business Laws, Ethics and Communication
(One paper – three hours - 100 marks)
Level of Knowledge: Working knowledge
Part I: Business Laws (60 marks)Objective:
To test working knowledge of business laws and company law and their practical application incommercial situations.
Contents:
Business Laws (30 marks)
1. The Indian Contract Act, 1872
2. The Negotiable Instruments Act, 1881
3. The Payment of Bonus Act, 1965
4. The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
5. The Payment of Gratuity Act, 1972.
Company Law (30 marks)
The Companies Act, 1956 – Sections 1 to 197
(a) Preliminary
(b) Board of Company Law Administration - National Company Law Tribunal; AppellateTribunal
(c) Incorporation of company and matters incidental thereto
(d) Prospectus and allotment, and other matters relating to use of shares or debentures
(e) Share capital and debentures
(f) Registration of charges
(g) Management and administration – general provisions – registered office and name,restrictions on commencement of business, registers of members and debentures holders,foreign registers of members or debenture holders, annual returns, general provisionsregarding registers and returns, meetings and proceedings.
(h) Company Law in a computerized environment – e-filing.
Note: If new legislations are enacted in place of the existing legislations, the syllabus wouldinclude the corresponding provisions of such new legislations with effect from a datenotified by the Institute.
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Part II: Ethics (20 marks)
Objective:
To have an understanding of ethical issues in business.
Contents:
1. Introduction to Business Ethics
The nature, purpose of ethics and morals for organizational interests; ethics and conflictsof interests; ethical and social implications of business policies and decisions; corporatesocial responsibility; ethical issues in corporate governance.
2. Environment Issues
Protecting the Natural Environment – prevention of pollution and depletion of naturalresources; conservation of natural resources.
3. Ethics in Workplace
Individual in the organisation, discrimination, harassment, gender equality.
4. Ethics in Marketing and Consumer Protection
Healthy competition and protecting consumer’s interest.
5. Ethics in Accounting and Finance
Importance, issues and common problems.
Part III: Communication (20 marks)
Objective:
To nurture and develop the communication and behavioural skills relating to business.
Contents:
1. Elements of Communication
(a) Forms of communication: formal and informal, inter-departmental, verbal and non-verbal; active listening and critical thinking
(b) Presentation skills including conducting meeting, press conference
(c) Planning and composing business messages
(d) Communication channels
(e) Communicating corporate culture, change, innovative spirits
(f) Communication breakdowns
(g) Communication ethics
(h) Groups dynamics; handling group conflicts, consensus building; influencing andpersuasion skills; negotiating and bargaining
(i) Emotional intelligence – emotional quotient
(j) Soft skills – personality traits; interpersonal skills; leadership.
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2. Communication in Business Environment
(a) Business Meetings – Notice, Agenda, Minutes, Chairperson’s speech
(b) Press releases
(c) Corporate announcements by stock exchanges
(d) Reporting of proceedings of a meeting.
3. Basic Understanding of Legal Deeds and Documents
(a) Partnership deed
(b) Power of Attorney
(c) Lease deed
(d) Affidavit
(e) Indemnity bond
(f) Gift deed
(g) Memorandum and articles of association of a company
(h) Annual Report of a company.
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Paper 3: Cost Accounting and Financial Management
(One paper – three hours - 100 marks)
Level of Knowledge: Working knowledge
Part I: Cost Accounting (50 marks)Objectives:
(a) To understand the basic concepts and processes used to determine product costs;
(b) To be able to interpret cost accounting statements;
(c) To be able to analyse and evaluate information for cost ascertainment, planning, control anddecision making; and
(d) To be able to solve simple cases.
Contents:
1. Introduction to Cost Accounting
(a) Objectives and scope of cost accounting
(b) Cost centres and cost units
(c) Cost classification for stock valuation, profit measurement, decision making andcontrol
(d) Coding systems
(e) Elements of cost
(f) Cost behaviour pattern, separating the components of semi-variable costs
(g) Installation of a costing system
(h) Relationship of cost accounting, financial accounting, management accounting andfinancial management.
2. Cost Ascertainment
(a) Material Cost
(i) Procurement procedures - store procedures and documentation in respectof receipts and issue of stock, stock verification
(ii) Inventory control - techniques of fixing of minimum, maximum andreorder levels, economic order quantity, ABC classification; stocktakingand perpetual inventory
(iii) Inventory accounting
(iv) Consumption - identification with products of cost centres, basis forconsumption entries in financial accounts, monitoring consumption.
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(b) Employee Cost
(i) Attendance and payroll procedures, overview of statutory requirements,overtime, idle time and incentives
(ii) Labour turnover
(iii) Utilisation of labour, direct and indirect labour, charging of labour cost,identifying labour hours with work orders or batches or capital jobs
(iv) Efficiency rating procedures
(v) Remuneration systems and incentive schemes.
(c) Direct Expenses
Sub-contracting – control on material movements, identification with the mainproduct or service.
(d) Overheads
(i) Functional analysis – factory, administration, selling, distribution, researchand development
Behavioural analysis – fixed, variable, semi variable and step cost
(ii) Factory overheads – primary distribution and secondary distribution,criteria for choosing suitable basis for allotment, capacity costadjustments, fixed absorption rates for absorbing overheads to products orservices
(iii) Administration overheads – method of allocation to cost centres orproducts
(iv) Selling and distribution overheads – analysis and absorption of theexpenses in products/customers, impact of marketing strategies, costeffectiveness of various methods of sales promotion.
3. Cost Book-keeping
Cost ledgers – non-integrated accounts, integrated accounts, reconciliation of cost andfinancial accounts.
4. Costing Systems
(a) Job Costing
Job cost cards and databases, collecting direct costs of each job, attributingoverhead costs to jobs, applications of job costing.
(b) Batch Costing
(c) Contract Costing
Progress payments, retention money, escalation clause, contract accounts,accounting for material, accounting for plant used in a contract, contract profit andbalance sheet entries.
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(d) Process Costing
Double entry book keeping, process loss, abnormal gains and losses, equivalentunits, inter-process profit, joint products and by products.
(e) Operating Costing System
5. Introduction to Marginal Costing
Marginal costing compared with absorption costing, contribution, breakeven analysis andprofit volume graph.
6. Introduction to Standard Costing
Various types of standards, setting of standards, basic concepts of material and labourstandards and variance analysis.
7. Budgets and Budgetary Control
The budget manual, preparation and monitoring procedures, budget variances, flexiblebudget, preparation of functional budget for operating and non-operating functions, cashbudget, master budget, principal budget factors.
Part II: Financial Management (50 marks)
Objectives:
(a) To develop ability to analyse and interpret various tools of financial analysis and planning;
(b) To gain knowledge of management and financing of working capital;
(c) To understand concepts relating to financing and investment decisions; and
(d) To be able to solve simple cases.
Contents:
1. Scope and Objectives of Financial Management
(a) Meaning, importance and objectives
(b) Conflicts in profit versus value maximisation principle
(c) Role of Chief Financial Officer.
2. Time Value of Money
Compounding and discounting techniques – concepts of annuity and perpetuity.
3. Financial Analysis and Planning
(a) Ratio analysis for performance evaluation and financial health
(b) Application of ratio analysis in decision making
(c) Analysis of cash flow statement.
4. Financing Decisions
(a) Cost of Capital – weighted average cost of capital and marginal cost of capital
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(b) Capital Structure decisions – capital structure patterns, designing optimum capitalstructure, constraints, various capital structure theories
(c) Business risk and financial risk – operating and financial leverage, trading onequity.
5. Types of Financing
(a) Different sources of finance
(b) Project financing – intermediate and long term financing
(c) Negotiating term loans with banks and financial institutions and appraisal thereof
(d) Introduction to lease financing
(e) Venture capital finance.
6. Investment Decisions
(a) Purpose, objective, process
(b) Understanding different types of projects
(c) Techniques of decision making: non-discounted and discounted cash flowapproaches - payback period method, accounting rate of return, net present value,internal rate of return, modified internal rate of return, discounted payback periodand profitability index.
(d) Ranking of competing projects, ranking of projects with unequal lives.
7. Management of working capital
(a) Working capital policies
(b) Funds flow analysis
(c) Inventory management
(d) Receivables management
(e) Payables management
(f) Management of cash and marketable securities
(g) Financing of working capital.
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Paper 4: Taxation(One paper - three hours – 100 marks)
Level of Knowledge: Working knowledge
Objectives:
(a) To gain knowledge of the provisions of Income-tax law relating to the topics mentioned inthe contents below; and
(b) To gain ability to solve simple problems concerning assessees with the status of‘Individual’; and covering the areas mentioned in the contents below.
Contents:
Part I: Income-tax (50 marks)
1. Important definitions in the Income-tax Act, 1961
2. Basis of charge; rates of taxes applicable for different types of assessees
3. Concepts of previous year and assessment year
4. Residential status and scope of total income; Income deemed to be received / deemed toaccrue or arise in India
5. Incomes which do not form part of total income
6. Heads of income and the provisions governing computation of income under differentheads
7. Income of other persons included in assessee’s total income
8. Aggregation of income; set-off or carry forward and set-off of losses
9. Deductions from gross total income
10. Computation of total income and tax payable; rebates and reliefs
11. Provisions concerning advance tax and tax deducted at source
12. Provisions for filing of return of income.
Part II: Service tax (25 marks) and VAT (25 marks)
Objective:
To gain knowledge of the provisions of service tax as mentioned below and basic conceptsof Value Added Tax (VAT) in India.
Service tax (25 marks)
Contents:
1. Service tax – concepts and general principles
2. Charge of service tax and taxable services
3. Valuation of taxable services
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4. Payment of service tax and filing of returns
VAT (25 marks)
5. VAT – concepts and general principles
6. Calculation of VAT Liability including input Tax Credits
7. Small Dealers and Composition Scheme
8. VAT Procedures.
Note: If new legislations are enacted in place of the existing legislations the syllabus willaccordingly include the corresponding provisions of such new legislations in the place ofthe existing legislations with effect from the date to be notified by the Institute. Students shallnot be examined with reference to any particular State VAT Law.
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GROUP II
Paper 5: Advanced Accounting
(One paper – three hours – 100 marks)
Level of Knowledge: Working Knowledge
Objectives:
(a) To have an understanding of the conceptual framework for the preparation and presentationof financial statements;
(b) To gain working knowledge of the professional standards and application of accountingprinciples to different practical situations; and
(c) To gain the ability to solve advanced problems in the case of different entities.
Contents
1. Conceptual Framework for Preparation and Presentation of Financial Statements
2. Accounting Standards
Working knowledge of:
AS 4 : Contingencies and Events occurring after the Balance Sheet Date
AS 5 : Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
AS 11: The Effects of Changes in Foreign Exchange Rates (Revised 2003)
AS 12: Accounting for Government Grants
AS 16: Borrowing Costs
AS 19: Leases
AS 20: Earnings Per Share
AS 26: Intangible Assets
AS 29: Provisions, Contingent Liabilities and Contingent Assets.
3. Advanced Issues in Partnership Accounts
Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation ofpartnership firms; Conversion into a company and Sale to a company.
4. Company Accounts
(a) Accounting for employee stock option plan, Buy back of securities, Equity shares with differentialrights, Underwriting of shares and debentures, Redemption of debentures
(b) Advanced problems for business acquisition, Amalgamation and reconstruction (excludingproblems of amalgamation of inter-company holding)
(c) Accounting involved in liquidation of companies, Statement of Affairs (including deficiency/surplus accounts) and Iiquidator’s statement of account of the winding up.
(d) Financial Statements of Banking, Insurance and Electricity Companies
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5. Accounting for Special Transactions
Departmental and branch accounts including foreign branches
Note :
If either old Accounting Standards (ASs), Announcements and LimitedRevisions to ASs are withdrawn or new ASs, Announcements and Limited Revisions to ASs areissued by the Institute of Chartered Accountants of India in place of existing ASs, Announcementsand Limited Revisions to ASs, the syllabus will accordingly include/exclude such newdevelopments in place of the existing ones with effect from the date to be notified by theInstitute.
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Paper 6: Auditing and Assurance
(One paper – three hours – 100 marks)
Level of knowledge: Working Knowledge
Objective:
To understand objective and concepts of auditing and gain working knowledge of generally acceptedauditing procedures and of techniques and skills needed to apply them in audit and attestation engagementsand solving simple case-studies.
Contents
1. Auditing Concepts – Nature and limitations of Auditing, Basic Principles governing an audit,Ethical principles and concept of Auditor’s Independence, Relationship of auditing with otherdisciplines.
2. Auditing and Assurance Standards – Overview, Standard-setting process, Role of InternationalAuditing and Assurance Standards Board and Auditing and Assurance Standards Board in India.
3. Auditing engagement – Audit planning, Audit programme, Control of quality of audit work–Delegation and supervision of audit work.
4. Documentation – Audit working papers, Audit files: Permanent and current audit files,Ownership and custody of working papers.
5. Audit evidence – Audit procedures for obtaining evidence, Sources of evidence, Reliability ofaudit evidence, Methods of obtaining audit evidence, Physical verification, Documentation, Directconfirmation, Re-computation, Analytical review techniques, Representation by management.
6. Internal Control – Elements of internal control, Review and documentation, Evaluation ofinternal control system, Internal control questionnaire, Internal control check list, Tests of control,Application of concept of materiality and audit risk, Concept of internal audit.
7. Internal Control and Computerized Environment, Approaches to Auditing in ComputerisedEnvironment.
8. Audit Sampling – Types of sampling, Test checking, Techniques of test checks.
9. Analytical review procedures.
10. Audit of payments – General considerations, Wages, Capital expenditure, Other payments andexpenses, Petty cash payments, Bank payments, Bank reconciliation.
11. Audit of receipts – General considerations, Cash sales, Receipts from debtors, Other Receipts.
12. Audit of Purchases – Vouching cash and credit purchases, Forward purchases, Purchasereturns, Allowance received from suppliers.
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13. Audit of Sales – Vouching of cash and credit sales, Goods on consignment, Sale on approvalbasis, Sale under hire-purchase agreement, Returnable containers, Various types of allowancesgiven to customers, Sale returns.
14. Audit of suppliers’ ledger and the debtors’ ledger – Self-balancing and the sectional balancingsystem, Total or control accounts, Confirmatory statements from credit customers and suppliers,Provision for bad and doubtful debts, Writing off of bad debts.
15. Audit of impersonal ledger – Capital expenditure, deferred revenue expenditure and revenueexpenditure, Outstanding expenses and income, Repairs and renewals, Distinction betweenreserves and provisions, Implications of change in the basis of accounting.
16. Audit of assets and liabilities.
17. Company Audit – Audit of Shares, Qualifications and Disqualifications of Auditors, Appointmentof auditors, Removal of auditors, Powers and duties of auditors, Branch audit, Joint audit,Special audit, Reporting requirements under the Companies Act, 1956.
18. Audit Report – Qualifications, Disclaimers, Adverse opinion, Disclosures, Reports andcertificates.
19. Special points in audit of different types of undertakings, i.e., Educational institutions, Hotels,Clubs, Hospitals, Hire-purchase and leasing companies (excluding banks, electricity companies,cooperative societies, and insurance companies).
20. Features and basic principles of government audit, Local bodies and not-for-profitorganizations, Comptroller and Auditor General and its constitutional role.
Note: Candidates are expected to have working knowledge of relevant Auditing and Assurance Standardsissued by the ICAI with reference to above-mentioned topics.
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Paper 7: Information Technology and Strategic Management
(One paper – three hours – 100 marks)
Level of Knowledge: Working knowledge
Section A: Information Technology ( 50 Marks)Objective:
To develop an understanding of Information Technology and its use by the business as facilitator anddriver.
Contents:
1. Introduction to Computers
(a) Computer hardware
Classification of computers – personal computer, workstation, servers and supercomputers
Computer components – CPU, input output devices, storage devices
(b) BUS, I/O CO processors, ports (serial, parallel, USB ports), expansion slots, add oncards, on board chips, LAN cards, multi media cards, cache memory, buffers, controllersand drivers
(c) Computer software
Systems software – operating system, translators (compilers, interpreters and assemblers),system utilities
General purpose software/ utilities - word processor, spread sheet, DBMS, scheduler /planner, internet browser and e-mail clients
Application software – financial accounting, payroll, inventory
Specialised systems – Enterprise Resource Planning (ERP), artificial intelligence, expertsystems, decision support systems – an overview
2. Data Storage, Retrievals and Data Base Management Systems
(a) Data and information concepts: bits, bytes, KB, MB, GB, TB
(b) Data organization and access
Storage concepts : records, fields, grouped fields, special fields like date, integers, real,floating, fixed, double precision, logical, characters, strings, variable character fields(Memo); key, primary key, foreign key, secondary key, referential integrity, index fields.
Storage techniques: sequential, block sequential, random, indexed, sequential access,direct access, random access including randomizing
Logical structure and physical structure of files
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(c) DBMS models and classification:
Need for database, administration, models, DML and DDL (query and reporting); datadictionaries, distributed data bases, object oriented databases, client server databases,knowledge databases
(d) Backup and recovery – backup policy, backup schedules, offsite backups, recycling ofbackups, frequent checking of recovery of backup
(e) Usage of system software like program library management systems and tape and diskmanagement systems – features, functionalities, advantages
(f) Data mining and data warehousing - an overview
3. Computer Networks & Network Security
(a) Networking concepts – need and scope, benefits
Classification: LAN, MAN, WAN, VPN; peer-to-peer, client server
Components - NIC, router, switch, hub, repeater, bridge, gateway, modem
Network topologies – bus, star, ring, mesh, hybrid, architecture : token ring, ethernet
transmission technologies and protocols – OSI, TCP/IP, ISDN etc.
Network operating system
(b) Local Area Networks – components of a LAN, advantages of LAN
(c) Client server technology
Limitation of single user systems and need for client server technology
Servers – database, application, print servers, transaction servers, internet servers, mailservers, chat servers, IDS
Introduction to 3-tier and “n” tier architecture (COM, COM+)
(d) Data centres: features and functions, primary delivery centre and disaster recovery site
(e) Network security need; threats and vulnerabilities; security levels; techniques
4. Internet and other technologies
(a) Internet and world-wide web, intranets, extranets, applications of internet, internetprotocols
(b) E-commerce - nature, types (B2B, B2C, C2C), supply chain management, CRM,Electronic Data Interchange (EDI), Electronic Fund Transfers (EFT), payment portal,e-commerce security;
(c) Mobile commerce, bluetooth and Wi-Fi
5. Flowcharts, Decision Tables.
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Section B: Strategic Management (50 marks)
Objectives:
(a) To develop an understanding of the general and competitive business environment;
(b) To develop an understanding of strategic management concepts and techniques;
(c) To be able to solve simple cases.
Contents:
1. Business Environment
General environment - demographic, socio-cultural, macro-economic, legal/political, technological,and global; competitive environment.
2. Business Policy and Strategic Management
Meaning and nature; strategic management imperative; vision, mission and objectives; strategiclevels in organisations.
3. Strategic Analyses
Situational analysis – SWOT analysis, TOWS matrix, portfolio analysis - BCG matrix.
4. Strategic Planning
Meaning, stages, alternatives, strategy formulation.
5. Formulation of Functional Strategy
Marketing strategy, financial strategy, production strategy, logistics strategy, human resourcestrategy.
6. Strategy Implementation and Control
Organisational structures; establishing strategic business units; establishing profit centers bybusiness, product or service, market segment or customer; leadership and behavioural challenges.
7. Reaching Strategic Edge
Business process re-engineering, benchmarking, total quality management, six sigma,contemporary strategic issues.
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Annexure IV
ACCREDITED INSTITUTIONS FOR CONDUCTING ORAL COACHING CLASSESPROFESSIONAL COMPETENCE COURSE / INTEGRATED PROFESSIONAL
COMPETENCE COURSE/ ACCOUNTING TECHNICIAN COURSE AS ON 01.11.2008[Students are advised to visit our website www.icai.org for updated list.
This list is updated on 3rd of every month]
WESTERN REGION
State City Name of the Institute Address of the Institute
GUJARAT ADIPUR Tolani Commerce College, P.O. Box No. 27, ADIPUR(KUTCH) (KUTCH) -370 205
AHMEDABAD Ahmedabad Branch of ICAI BHAWAN 123, Sardar PatelWIRC of the Institute of Colony, Nr. Usmanpura UnderChartered Accountants of India Bridge, Naranpura,
AHMEDABAD-380 014
H.L. Centre for Professional H.L. College Campus, UniversityEducation (HLCPE) Road, Navrangpura,
AHMEDABAD – 380 009
Prin. M.C. Shah Commerce Navgujarat Campus, AshramCollege Road, AHMEDABAD - 380 014
RAJKOT Lt. Meenaben Jayantilal Kasturba Road, Opp. JainKundaliya English Medium Derasar, RAJKOT – 360 001
Mahila Commerce College
SURAT Surat People’s Bank Vanijya Athwalines, Jawaharlal Nehru Marg,Vidya Bhavan ‘s Sir K.P. SURAT - 395 001College of Commerce,
MAHA- KOLHAPUR Deshbhakt Ratnappa Kumbhar KOLHAPUR – 416 002RASHTRA College of Commerce
Vivekanand College 204 E, Tarabai Park,KOLHAPUR – 416 003
JALGAON K.C.E. Society’s JALGAON -425 002 (MS)Moolji Jaitha College
MUMBAI Malad Kandivali Education Road No.1, Bhadran Nagar, S.V.Society’s Nagindas Khandwala Road, Malad (West),College of Commerce MUMBAI – 400 064and Arts
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Dhirajlal Talakchand Kurar Village,Sankalchand Shah College Malad (East),of Commerce, (D.T.S.S. MUMBAI – 400 097College of Commerce),
Parle Tilak Vidyalaya Sarojini Naidu Road, Mulund (West),Association’s Mulund MUMBAI – 400 080College of Commerce,
Narsee Monjee College Vile Parle (W)of Commerce & EconomicsMUMBAI - 400 056
Rayat Shikshan Sanstha’s Vashi, Juhunagar, Sector 15A,Karmaveer Bhaurao NEW MUMBAI – 400 705Patil College,
Thakur College of Science & Thakur Village,Commerce, Kandiwali (E), MUMBAI – 400 101
DOMBIVLI T.Z.A. Shikshan Prasarak Pragati College Road, Dattanagar,Mandal’s Pragati College of DOMBIVLI (E) – 421 201Arts and Commerce, MAHARASHTRA.
NEW PANVEL Changu Kana Thakur Arts, NEW PANVELCommerce and ScienceCollege,
SOUTHERN REGION
State City Name of the Institute Address of the Institute
ANDHRA ANAKAPALLE Samyuktha Health & Gandhinagar, (Vizag Distt.)PRADESH Academic Society’s, Samyuktha ANAKAPALLE – 531 001
M.J.M. Junior College,
HYDERABAD Aurora’s Degree College, Chikkadpally, HYDERABAD –500 020
Badruka Institute of Badruka College Campus,Professional Studies Kachiguda Station Road,
Kachiguda, HYDERABAD – 500 027
Pragati Maha Vidyalaya Kandaswamy Lane, Hanuman Tekdi,Degree and P.G. College, HYDERABAD – 500 095
MNR Degree College, Bhagyanagar, KukatpallyHYDERBAD – 500 072
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VIJAYAWADA Sri Balaji Degree College, D.No.39-15-2/A, Opp. Andhra JyothiVIJAYAWADA – 520 010
KURNOOL St. Joseph’s P.G. College, Sunkesala Road, KURNOOL –518 004
KARNAT- BANGALORE B.H.S. First Grade College, 35/1, 11th Main, Fourth Block,AKA Jayanagar, BANGALORE – 560 011
St. Joseph’s 163(73), Brigade Road,College of Commerce, BANGALORE – 560 025
Seshadripuram Evening Seshadripuram Educational TrustDegree College, # 27 Nagappa Street, Seshadripuram
BANGALORE – 560 020
Sri Sai College, No. 1839, Sri Sai Mandira Road, 3rd
Cross, ‘D’ Block, 2nd Stage,Rajajinagar, BANGALORE – 560 010
K.L.E’s S. Nijalingappa College, II Block, Rajajinagar,BANGALORE – 560 010
BELGAUM Karnatak Law Society’s Gogte Tilakwadi, BELGAUM – 590 006College of Commerce
HUBLI Hubli Branch of SIRC of A-12-18, 2nd Floor, USA Centre Coenthe Institute of Chartered Road HUBLI-580 020.Accountants of India
MANGALORE St. Aloysius College, MANGALORE – 575 003
MYSORE Mysore Branch of SIRC of the ‘ICAI Bhawan’, CA Site No. 2,Institute of Chartered Bank Employees Colony, Bogadhi,Accountants of India, MYSORE – 570 026
UDUPI Upendra Pai Memorial College, Kunjibettu, UDUPI – 576 102
Udupi Branch of SIRC “ICAI Bhawan”, Ist Floor,of the Institute of the Sri Mahalasa Damodar Towers,Chartered Accountants Kunjibettu,of India UDUPI - 576102
KERALA CALICUT St. Joseph’s College, Devagiri, CALICUT – 673 008(Kerala)
Calicut Branch of SIRC of Cherootty Nagar, Eranhipalam P.O.,the Institute of Chartered Near Planetarium,Accountants of India, CALICUT – 673 006
ERNAKULAM St. Albert’s College, P.B. No. 3043, KOCHI - 682 018(KOCHI) Ernakulam Branch of SIRC of 57/3146, Diwan’s Road,
the ICAI Ernakulam, KOCHI – 682 016
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KANNUR Shree Narayana College, P.O. Thottada, KANNUR - 670 007
PALAKKAD Mercy College PALAKKAD - 678 006
THRISSUR St. Thomas College, TRICHUR – 680 001
Trichur Branch of SIRC of “ICAI Bhawan”, IX/569, SakthanThe Institute of Chartered Thampuran Nagar, Near HeartAccountants of India, Hospital, THRISSUR – 680 001
TRIVANDRUM Trivandrum Branch of SIRC of P.B.No.416, T.C.41/401,the Institute of Chartered Pound Road, Thycaud,Accountants of India TRIVANDRUM – 695 014
KOLLAM Quilon Branch of SIRC of “ICAI Bhawan”the Institute of Chartered PallithottamAccountants of India KOLLAM - 691 006
TAMIL- CHENNAI Sindhi College Arts & Science 146, Poonamalle High Road,NADU Near Thiruverkadu Temple Arch,
Numbal, CHENNAI – 600 077
Ramakrishna Mission 98, 99 P.S. Sivasami VivekanandaCollege, Salai, Mylapore,
CHENNAI – 600 004Loyola College, Sterling Road, Nungambakkam,
CHENNAI – 600 034
COIMBATORE PSG College of Arts Civil Aerodrome Post,& Science, COIMBATORE – 641 014
Coimbatore Branch of SIRC M.S.S. Memorial Building,of the Institute of Chartered No. 8, D.B. Road, R.S.Accountants of India, Puram, COIMBATORE – 641 002
ERODE Kongu Arts and Science Nanjanapuram, ERODE – 638107College,
KARATTADI Gobi Arts & Science College, Gobichettipalayam,PALAYAM KARATTADIPALAYAM – 638 453
(TAMILNADU)
MADURAI R.L. Institute of Management TVR Nagar, AruppukottaiStudies, Road,MADURAI – 625 022
SALEM A.V.S. College of Arts & Attur Main Road, Science, Ramalingapuram,
SALEM- 636106
Salem Branch of the 65, Ramakrishna Road,SIRC of the SALEM - 636 007Institute of CharteredAccountants of India,
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TIRUCHEN- K.S. R. College of Arts & KSR Kalvi Nagar,GODE Science, TIRUCHENGODE – 637 209
(Namakkal District)
TIRUCHIRA- Tiruchirapalli Branch of SIRC Green House Apartments,PALLI of the Institute of Chartered 28, MC Donald’s Road,
Accountants of India Cantonment,TIRUCHIRAPALLI – 620 001
KUMBA- Shanmugha Arts, Science, KUMBAKONAM – 612 001KONAM Technology & Research (Tamil Nadu)
Academy (SASTRA)
EASTERN REGION
State City Name of the Institute Address of the Institute
ASSAM JORHAT Jagnath Burooah College, Borpatru Ali, JORHAT – 785 001
ORISSA CUTTACK Institute of Professional Ipsar House, Sector – 6,Studies & Research, C.D.A.CUTTACK –753 014
WEST KOLKATA Bharatiya Vidya Bhavan, 77, Asutosh Mookerjee Road,BENGAL Bhowanipore, KOLKATA – 700 025
Asansol Branch of EIRC Kalyanpur Housing More,of the Institute of Chartered Sen-Releigh Road,Accountants of India, ASANSOL – 713 304
CENTRAL REGION
State City Name of the Institute Address of Institute
MADHYA G.S. College of
PRADESH JABALPUR Commerce & Economics, Civil Lines, JABALPUR – 482 001
UJJAIN Takshshila Junior College, Gram Mandir, NavakhedaPost, UJJAIN - 456 010
RAJA- JAIPUR Biyani (G) Commerce College, R-4, Sector No. 3, Opp. MGPS,STHAN Vidhyadhar Nagar, JAIPUR – 302 012
Jaipur Branch of CIRC of the D-1, Institutional Area, JhalanaInstitute of Chartered Doongari, JAIPUR – 302 352Accountants of India,
UTTAR MEERUT College of Professional A-1, Damodar Colony,PRADESH Education, Garh Road, MEERUT
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LUCKNOW Lucknow Branch of CIRC of ‘JAGRITI’, Vikash Khand – I,the Institute of Chartered Institutional Area, Gomti Nagar,Accountants of India, LUCKNOW – 226 010
UTTARA ROORKEE Bishamber Sahai Degree Roorkee Dehradun Road,KHAND College ROORKEE - 247 667
NORTHERN REGION
State City Name of the Institute Address of Institute
DELHI NEW DELHI Laxman Public School, Hauz Khas Enclave,NEW DELHI – 110 016
P.G.D.A.V. College, Nehru Nagar, Ring Road,NEW DELHI - 110 065
Saheed Bhagat Singh College, Sheikh Sarai, Phase – IINEW DELHI – 110 017
Mahavir Institute of Educational C/o Mahavir Senior Model School,Training and Management, Opp.Nanak Piao Gurudwara, Near
R.P. Bagh, G.T. Karnal Road,DELHI – 110 007
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Annexure V
INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION (IPCE)ACCOUNTING TECHNICIAN EXAMINATION (ATE)
GROUP-WISE COMPARISON OF PAPERS
INTERMEDIATE EXAMINATION(AS PER PARAGRAPH 2A TO
SCHEDULE ‘B’)
PROFESSIONAL EDUCATION(EXAMINATION - II)
PROFESSIONAL COMPETENCEEXAMINATION
INTEGRATED PROFESSIONALCOMPETENCE EXAM./
ACCOUNTING TECHNICIANEXAM.
Group I
Paper 1 : Advanced Accounting
Paper 2 : Auditing
Paper 3 : Corporate and Other Laws
Group I
Paper 1 : Accounting
Paper 2 : Auditing
Paper 3 : Business and CorporateLaws
Group I
Paper 1 : Advanced Accounting
Paper 2 : Auditing and Assurance
Paper 3 : Law, Ethics andCommunication
Group I
Paper 1 : Accounting
Paper 2 : Business Law,Communication andEthics
Paper 3 : Cost Accounting andFinancial Management
Paper 4 : Taxation
Group II
Paper 4 : Cost Accounting
Paper 5 : Income Tax and Central SalesTax
Paper 6 : Organisation & Managementand Fundamentals ofElectronic Data Processing
Group II
Paper 4 : Cost Accounting andFinancial Management
Paper 5 : Income Tax and CentralSales Tax
Paper 6 : Information Technology
Group II
Paper 4 : Cost Accounting andFinancial Management
Paper 5 : Taxation
Paper 6 : Information Technologyand Strategic Management
Group II
Paper 5 : Advanced Accounting
Paper 6 : Auditing and Assurance
Paper 7 : Information Technologyand Strategic Management
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PAPER-WISE EXEMPTION TO THE CANDIDATES APPEARING IN INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION/ ACCOUNTING TECHNINCIAN EXAMINATION FOR THE UN-EXPIRED CHANCE (S) ON THE BASIS OF HAVING SECURED A
MINIMUM OF 60 PERCENT MARKS IN A PAPER IN THE EARLIER EXAMINATIONS
Papers of the Professional Education(Examination – II) passed under
Regulation 28B (5) of the CharteredAccountants Regulations, 1988
Papers of the Professional CompetenceExamination (PCE) passed under Regulation
28C (3) of the Chartered AccountantsRegulations, 1988
Paper-wise exemption in Integrated ProfessionalCompetence Examination (IPCE)/Accounting Technician
Examination (ATE) under Regulation 28D of theChartered Accountants Regulations, 1988
Group I Group I
Paper 1 : Accounting Paper 1 : Advanced Accounting Group I : Paper 1 : Accounting andGroup II : Paper 5 : Advanced Accounting
Paper 2 : Auditing Paper 2 : Auditing and Assurance Group II : Paper 6 : Auditing and Assurance
Paper 3 : Business and Corporate Laws Paper 3 : Law, Ethics and Communication Group I : Paper 2 : Business Law, Communication and Ethics
Group II Group IIPaper 4 : Cost Accounting and Financial Paper 4 : Cost Accounting and Financial Group I : Paper 3 Cost Accounting and Financial Management Management Management
Paper 5 : Income Tax and Central Sales Tax Paper 5 : Taxation Group I : Paper 4 Taxation
Paper 6 : Information Technology Paper-6 : Information Technology and Strategic Group II : Paper 7 Information Technology and Strategic Management Management
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ACCOUNTING TECHNICIAN COURSE (ATC)
GROUP PASSED UNDERPARAGRAPH 2A OF SCHEDULE
‘B’ OR PROFESSIONALEDUCATION (EXAMINATION– II)
OR PROFESSIONALCOMPETENCE EXAMINATION
EXEMPTIONS ENTITLED FORIN
ACCOUNTING TECHNICIANEXAMINATION
DETAILS OF PAPERS IN WHICHCANDIDATES ARE REQUIREDTO APPEAR AND PASS IN ONE
SITTING AS A UNIT IN ATE
EXAMINATIONFEE
Group I
1. Advanced Accounting/Accounting
2. Auditing/Auditing and Assurance
3. Corporate and Other Laws/Business and Corporate Laws/Law,Ethics and Communication
Group II
4. Cost Accounting/Cost Accountingand Financial Management
5. Income Tax and CST/Taxation
6. Organisation & Management andFundamentals of Electronic DataProcessing/Information Technology/Information Technology and StrategicManagement
Group I Paper 1 : Accounting
Group I Paper 2 : Business Law, Communicationand Ethics
Group I Paper 3 : Cost Accounting and FinancialManagement
Group I Paper 4 : Taxation
Rs. 1000/-
Fee is at par withgroup-wise appearance
Rs. 1000/-
Fee is at par withgroup-wise appearance
UNIT – 1
ATE
Group I Paper 3 : Cost Accountingand FinancialManagement
Group I Paper 4 : Taxation
UNIT – 2
ATE
Group I Paper 1 : Accounting
Group I Paper 2 : Business Law,Communicationand Ethics
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INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)OPTING FOR IPCC AFTER PASSING ATE/(GROUP I OF IPCE)
GROUP PASSED UNDERPARAGRAPH 2A OF SCHEDULE
‘B’ OR PROFESSIONALEDUCATION (EXAMINATION– II)
OR PROFESSIONALCOMPETENCE EXAMINATION
EXEMPTIONS ENTITLED FORIN INTEGRATED PROFESSIONAL
COMPETENCE EXAMINATIONGROUP II
DETAILS OF PAPERS IN WHICHCANDIDATES ARE REQUIRED TO
APPEAR AND PASS IN ONESITTING AS A UNIT IN (IPCE)
EXAMINATION FEE
Group I
1. Advanced Accounting / Accounting
2. Auditing / Auditing and Assurance
3. Corporate and Other Laws / Businessand Corporate Laws / Law, Ethicsand Communication
ANDCANDIDATE AFTER PASSINGGROUP I OF ATC :
Group I Paper 1 : Accounting
and
Group II Paper 5 : AdvancedAccounting
Group II Paper 6 : Auditing andAssurance
Group I Paper 2 : Business Law,Communicationand Ethics
Group I Paper 3 : Cost Accountingand FinancialManagement
Group I Paper 4 : Taxation
Group I Paper 3 : Cost Accountingand FinancialManagement
Group I Paper 4 : Taxation
UNIT – 3
Group II Paper 7 : InformationTechnology andStrategicManagement
Rs. 1000/-
Fee is at par withgroup-wise appearance
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INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
GROUP PASSED UNDERPARAGRAPH 2A OF SCHEDULE
‘B’ OR PROFESSIONALEDUCATION (EXAMINATION– II)
OR PROFESSIONALCOMPETENCE EXAMINATION
EXEMPTIONS ENTITLED FORIN INTEGRATED PROFESSIONAL
COMPETENCE EXAMINATION
DETAILS OF PAPERS IN WHICHCANDIDATES ARE REQUIRED TO
APPEAR AND PASS IN ONESITTING AS A UNIT IN IPCE
EXAMINATION FEE
Group I
(Group I passed and opts Group I inIPCE)
1. Advanced Accounting / Accounting
2. Auditing / Auditing and Assurance
3. Corporate and Other Laws / Businessand Corporate Laws / Law, Ethicsand Communication
Group II
(Group II passed and opts Group II inIPCE)
4. Cost Accounting / Cost Accountingand Financial Management
5. Income Tax and CST/ Taxation
6. Organisation & Management andFundamentals of Electronic DataProcessing/ Information Technology/Information Technology and StrategicManagement
Group I Paper 1 : Accounting
and
Group I Paper 2 : Business Law,Communicationand Ethics
Group II Paper 7 : InformationTechnology andStrategicManagement
UNIT – 4
Group I Paper 3 : Cost Accountingand FinancialManagement
Group I Paper 4 : Taxation
Rs. 1000/-
Fee is at par withgroup-wise appearance
UNIT – 5
Group II Paper 5 : AdvancedAccounting
Group II Paper 6 : Auditing andAssurance
Rs. 1000/-
Fee is at par withgroup-wise appearance
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INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
GROUP PASSED UNDERPARAGRAPH 2A OF SCHEDULE
‘B’ OR PROFESSIONALEDUCATION (EXAMINATION– II)
OR PROFESSIONALCOMPETENCE EXAMINATION
EXEMPTIONS ENTITLED FORIN INTEGRATED PROFESSIONAL
COMPETENCE EXAMINATION
DETAILS OF PAPERS IN WHICHCANDIDATES ARE REQUIRED TO
APPEAR AND PASS IN ONESITTING AS A UNIT IN IPCE
EXAMINATION FEE
Group I
(Group I passed and opts Group II inIPCE)
1. Advanced Accounting / Accounting
2. Auditing / Auditing and Assurance
3. Corporate and Other Laws / Businessand Corporate Laws / Law, Ethicsand Communication
Group II
(Group II passed and opts Group I inIPCE)
4. Cost Accounting / Cost Accountingand Financial Management
5. Income Tax and CST / Taxation
6. Organisation & Management andFundamentals of Electronic DataProcessing / Information Technology/ Information Technology andStrategic Management
Group II Paper 5 : AdvancedAccounting
Group II Paper 6 : Auditing andAssurance
Group I Paper 3 : Cost Accountingand FinancialManagement
Group I Paper 4 : Taxation
UNIT – 6
Group II Paper 7 : InformationTechnology andStrategicManagement
Rs. 1000/-
Fee is at par withgroup-wise appearance
UNIT – 7
Group I Paper 1 : Accounting
Group I Paper 2 : Business Law,Communicationand Ethics
Rs. 1000/-
Fee is at par withgroup-wise appearance
IPCC Prospectus71
INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
GROUP PASSED UNDERPARAGRAPH 2A OF SCHEDULE
‘B’ OR PROFESSIONALEDUCATION (EXAMINATION– II)
OR PROFESSIONALCOMPETENCE EXAMINATION
EXEMPTIONS ENTITLED FORIN INTEGRATED PROFESSIONAL
COMPETENCE EXAMINATION
DETAILS OF PAPERS IN WHICHCANDIDATES ARE REQUIRED TO
APPEAR AND PASS IN ONESITTING AS A UNIT IN IPCE
EXAMINATION FEE
Group I
(Group I passed and opts for bothGroups in IPCE)
1. Advanced Accounting / Accounting
2. Auditing / Auditing and Assurance
3. Corporate and Other Laws / Businessand Corporate Laws / Law, Ethicsand Communication
Group II
(Group II passed and opts for BothGroups in IPCE)
4. Cost Accounting / Cost Accountingand Financial Management
5. Income Tax and CST / Taxation
6. Organisation & Management andFundamentals of Electronic DataProcessing / Information Technology/ Information Technology andStrategic Management
Group I Paper 1 : Accounting
Group II Paper 5 : AdvancedAccounting
Group II Paper 6 : Auditing andAssurance
Group I Paper 2 : Business Law,Communicationand Ethics
Group I Paper 3 : Cost Accountingand FinancialManagement
Group I Paper 4 : Taxation
Group II Paper 7 : InformationTechnology andStrategicManagement
UNIT – 8
Group I Paper 3 : Cost Accounting andFinancial Management
Group I Paper 4 : Taxation
Group II Paper 7 : InformationTechnology andStrategic Management
Rs. 1000/-
Fee is at par withboth groups appearance
UNIT – 9
Group I Paper 1 : Accounting
Group I Paper 2 : Business Law,Communicationand Ethics
Group II Paper 5 : AdvancedAccounting
Group II Paper 6 : Auditing andAssurance
Rs. 1600/-
Fee is at par withboth groups appearance
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Annexure VI
100 hours Information Technology Training Programme
Syllabus
Sl. No. Topic Duration
1. Computer Fundamentals 1 hr.
2. Operating Systems 6 hrs.
3. MS-Word 6 hrs.
4. MS-Excel 15 hrs.
5. MS-Power Point 5 hrs.
6. Data Bases 15 hrs.
7. MS-Office utilities 3 hrs.
8. Accounting package 20 hrs.
9. Computer Aided Audit Techniques 12 hrs.
10. Web Technology & System Security & Maintenance 10 hrs.
11. Introduction to Visual Basic 5 hrs.
12. Digital Signature and Verification of Electronic Record 2 hrs.
Total 100 hrs.
STRUCTURE OF EXAMINATION:
Weightage Out of 100Online examination 60 marksProject report to be evaluated by the BOS 20 marksModule tests 20 marksPass marks 60 marks (in aggregate)
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SYLLABUS
Total duration: 100 hours
COMPUTER FUNDAMENTALS Duration: 1 hour
A. Introduction to Computer (Target teaching time (TTT) : 1 hour)
- Introduction to computers
- Characteristics of computers
- The computer system
- Categories of computers (micros to super computers)
- Parts of computers: CPU, BUS, I/O CO processors, ports (serial and parallel),expansion slots, add on cards, on board chips, LAN cards, multi media cards,cache memory, buffers, controllers and drivers
- I/O devices
(Demonstration of the computer system)
OPERATING SYSTEMS Duration : 6 hours
A Introduction to operating systems (TTT : 1 hour)
B. An overview of various operating systems (TTT : 2 hours)
(Unix / Linux, DOS, Windows)
C. Features of latest windows operating systems (TTT : 3 hours)
Introduction to Word Processor Duration : 6 hours
A. Introduction to MS-Word 2000 (TTT : 2 hours)
- Getting started with MS-Word
- Document creation – how to create document
- Word document manipulation
- Mail merge
- Printing a word document
B. Tables handling (TTT : 1 hour)
- Formatting the Tables
- Inserting, filling and formatting a table
- Designing complex Tables
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C. Finding, replacing and proofing text (TTT : 1 hour)
- Finding and replacing text
- Editing and Proofing Text
- Spell check and correction
- Grammar check and correction
- Image handling
D. Creating Macros (TTT : 2 hours)
Sending e-mail from word
Import / Export of files
Converting word document to web document, PDF files
Hyperlinks and OLE
Security features in MS-Word
- Protection of documents
- Password for documents
- Checking for viruses in macros
Introduction to Electronic Spread Sheets Duration: 15 hours
A. Introduction to MS-Excel 2000 (TTT : 1 hour)
- Applications of electronic spreadsheets
- Features of MS-Excel
- Starting MS-Excel
- What is a workbook?
- Using sheets in a workbook
- Entering data
- Entering series
- Editing data
- Clearing cells
- Saving a workbook
- Closing a workbook
- Quitting MS-Excel
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B. Cell Referencing, Ranges and Functions (TTT : 3 hours)
- Cell referencing
- Ranges
- Range names
- Formulae
- Functions: mathematical, statistical
Financial Functions such as NPV (net present value), future value, IRR (internal rate ofreturn), EMI (equated monthly instalments, compounding yearly, periodic and monthly)
- Auto sum
- Auto calculate
- Using names in a formula
- Formula error messages
- Formula editing
- Copying formulae
C. Formatting Worksheets and Creating Charts (TTT : 2 hours)
- Working with worksheets
- Restructuring worksheets
- Formatting data
- Entering data quickly
- Creating charts
- Graphical presentation: such as lines, bars, stacked bars, pie
D. Data Forms and Printing (TTT : 3 hours)
- Database
- Data form
- Sorting data
- Filtering
- Creating subtotals
- Pivot table
- Printing in excel
E. Creating Macros (TTT : 3 hours)
Import/export of data for MIS
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Opening non-excel files in excel
Using passwords/protecting worksheets
Spreadsheet applications
F. Data analysis through Excel (TTT: 3 hours)
Introduction to Presentation Software Duration: 5 hours
A. Introduction to MS-Power Point 2000 (TTT : 1 hour)
- Use of wizards and templates
- Preparing presentations
- Slides
- Handouts
- Speaker’s notes
- Outlines
- Media clips
- Charts
- Graphs
B. Starting MS-Power Point (TTT : 1 hour)
- The MS-Power Point window
- The MS-Power Point views
- Presentations and slides
- Creating a new presentation
- Creating a new slide
- Changing the layout for a slide
- Deleting a slide
- Running a slide show
- Saving a presentation
C. Working with Slides, Slide Show and Printing Presentation (TTT : 3 hours)
- Opening a presentation
- Changing the order of the slides
- Editing the slide master
- Changing the colour schemes
- Changing the background
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- Adding text
- Adding clip art /scanned objects
- Working with word art
- Drawing objects
- Working with slide show
- Setting up a slide show
- Controlling the slide show
- Adding the transitions to the slide show
- Special effects in detail
- Setting slide timings
- Printing a presentation
- Pack and go
- Creating and using standard templates
DATA BASES Duration: 15 hours
A. Data base Basics (TTT : 2 hours)
Types of databases: list, hierarchical, network, relational (RDBMS)
DDL (Data Definition Language)
DML (Data Manipulation Language)
DA (Data Administration)
SQL (Structured Query Language)
B. Introduction to Data Base Management System(DBMS) (TTT : 2 hours)
Introduction to MS Access
- What is MS-Access?
- What are databases used for?
- Component of databases
- Opening file in access
- Managing databases from the database/ access wizard
- Navigating in access
- Navigating with the databases/access wizard
- Entering data in a database
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- Entering data by hand
- Entering data using a form
- Importing information into a database
- Linking a table from another database
- Exporting information from a database
- Saving information in a database
- Closing a database and existing access
C. Building and Customizing a Database (TTT : 2 hours)
- Building databases using the access
- Building a database by self
- Working with tables
- Building tables with the table
- Renaming the table
- Working with forms
What is a form?
Creating a form with the form wizard
Working with the form wizard
Working with the form
Modifying a form
D. Programming (TTT : 5 hours)
Structured Query Language (SQL)
- Creating macros
- Saving & executing a macro
- Running a macro
E. Working with Queries and Reports (TTT : 3 hours)
- Working with queries
- Creating a query
- Modifying a query
Working with reports
- Creating a report with the report wizard
- Creating a report with auto report
- Opening a report
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- Applying an auto format to the report
- Report sequence, data source
- Page size, margins (left, top, right, bottom)
- Report headers
- Page headers, numbers, reporting date, for the period details, page footers
- Columns (column source, title, formatting numeric, character, date, amount (DR/CR),totaling)
- Group suppression of repeated lines
- Inter column space
- Groups (group bands, grouping fields)
- Detailed reports, summary reports
- Report output controls (pages, control totals, summary)
- Printing of reports (including lables)
F. Importing and linking data (TTT : 1 hour)
Compacting a database
Backing up a database
Other Utilities and Office Automation Tools Duration : 3 hours
A. Scheduler, Calendar, Microsoft Binder (TTT : 1 hour)
B. Outlook 2000 (TTT : 2 hours)
- Configuring outlook for your email.
- Sending, receiving and managing the email , mail polling, mail merge to a databasefile.
- Sending and viewing attachments.
- Acting on messages
- Recalling, printing, and moving messages
- Searching for, and subscribing to, mailing lists.
- Using outlook to subscribe to, and viewing newsgroups
Accounting Packages Duration : 20 hours
A. Basic Concepts relating to Financial Accounting (TTT : 3 hours)
- Chart of accounts, concept of financial year
- The general ledger master (entering opening balances)
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- Grouping of GL accounts
- The sub ledger master (entering party accounts debtors and creditors)
- Types of sub ledger (open type and brought forward type)
- Types of transactions [main cash receipts and payments, petty cash receipts andpayments, bank deposits, cheques and bank charges, journal vouchers (debits andcredits)]
B. Introduction to any Window based Accounting Package (TTT : 3 hours)
Installing & starting the package
Setting up a new company
Setting up account heads
Voucher entry
Viewing & editing data
C. Generating Books of Accounts (TTT : 4 hours)
- Daybooks (cash, bank, columnar analysis type, journals)
- Postings
- Printing of checklists, reports such subsidiary ledgers, general ledgers
- Finalisation
- Financial statements (trial balance, profit and loss / balance sheet)
- Closing and reopening of books for subsequent financial years after audit.
D. Financial Analysis Tools (TTT : 6 hours)
- Cash flow, funds flow statements, ratio analysis, budget vs. actual expenditures,sales analysis, trend analysis, consolidation, security review
- Backup, restore, audit trail/transaction trail
- Accessing database, querying, exporting data from MS_EXCEL/MS_ACCESS forfinancial analysis
E. Weaknesses to look for in Accounting Packages (TTT : 2 hours)
- Password controls not strong
- Lack of the following Audit Trails
Authorisation signature
Log of data modification
Log of deleted data
Log of user accesses of files
Before and after images of altered data
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Missing and duplicate serial numbers
Warning on duplicate entries
- Unauthorised modification of heads of account
- Non-provision for freezing entered data
- Back up provisions inadequate
- Limited number crunching capacity
- Easy exit to operating system
- Usage of unencrypted files
- Inadequate controls on automatic entries
- Inflexibility of document formats
- Inability to add / rename fields
Introduction to Other Accounting Packages (TTT : 2 hours)
Computer Aided Audit Techniques Duration : 12 hours
A. Controls and Auditing in Computer Environment (TTT : 2 hours)
- Frequently used checks such as
Field checks numeric, alpha, lower limit, upper limit, range, slab, valid
codes, sign test, check digits
- Group of fields tests
- Record level tests
- Group of records test
- Table level tests and checks such as control totals, hash totals
- Inter table tests like master present, master missing
- System and inter system tests
- Reasonableness checks (materiality)
B. Audit Techniques (TTT : 3 hours)
- Review of systems
- Test data checking (simple, compound and complex errors)
- Test data pack
- Test data generation
- Parallel processing
- Parallel programming
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- Source code review
- Examination of audit trail
- Log file review
- Random sampling techniques
- Using generalized audit software
- Using audit routines as part of regular software
- Using separate audit programs
- Audit systems
- Audit of systems development process (including system documentation)
- Audit of SDLC (Systems Development Life Cycle)
- Pre / Concurrent / Post audit of transactions
C. Cyber Audit using remote logins (TTT : 3 hours)
- Audit by simulation of errors, frauds
- Audit of data security such as online, offline, offsite backups
- Audit of system security such as logins, access rights
- System performance audit
D. Data Extraction and Analysis Tools using SQL commands (TTT : 2 hours)
E. Different Tools available in RDBMS / ERP useful in Audit (TTT : 2 hours)
Web Technology & System Security and Maintenance Duration : 10 hours
A. Web Technology (TTT : 2 hours)
- Internet
- Mailing services
- Internet addressing
- Browser
- w w w
- Placements
B. Telnet, Internet Telephony (TTT : 1 hour)
C. Reference sites (TTT : 1 hour)
D. Internet security& System security (TTT : 2 hours)
- System preventive maintenance (virus scan, defragmentation, junk file deletion,tracking record deletion) system security (password, network setting)
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E. E-Commerce (TTT: 2 hours)
- Web commerce
- Advertisement
- Purchase online
- Payment gateways
F. Electronic Data Interchange (EDI) (TTT: 2 hours)
- What is EDI?
- Components of EDI
Introduction to Visual Basic (5 hours)
Digital Signature and Verification of Electronic Record (2 hours)
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Why CharteredAccountancy Course?
♦ Chartered Accountancy Course offers the students a dream career in the specialized areasof Accounting, Auditing, Corporate finance, Corporate laws, Taxation.
♦ Chartered Accountants are highly demanded professionals in industry.
♦ Chartered Accountants are statutorily recognized audit practitioners.
♦ Chartered Accountants are highly demanded and sought-after professionals in the practiseof Income-tax, Service-tax and other indirect tax areas.
♦ Chartered Accountants are technically equipped to act as management consultants.
♦ Chartered Accountants with the adequate education in systems and information technologyalso excel in the areas of developing IT based management information system.
Management Consultancy Services
CA plays a vital role in assisting businesses to improve the use of their resources, increase theirefficiency and achieve their objectives. The breadth of management advisory services rendered byCAs reflect their expertise in diverse areas. Such services include financial management, planningand financial policy determination such as
• Preparation of project reports and feasibility studies
• Market research and demand studies
• Budgeting, inventory management, working capital management
• Business policy, corporate planning, organization development, growth and diversification
• Organisation structure and behaviour, development of human resources
• Systems analysis and design, and computer related services
• Advisor or consultant to capital issue
• Investment counseling in respect of securities
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Independent Professional Practices
As practitioners of public accounting, CAs may start professional practice as a proprietor or joinany existing firm as a partner or staff member. A CA provides compliance and review services. ACA also acts as a business advisor by providing all kinds of services including the preparation offinancial reports, helping the business to secure loans, preparing financial projections and determiningthe viability of business. As a tax advisor, a CA helps businesses and individuals to comply with taxlaws.
Opt for Industry / Government Organisation
A CA may prefer to join an industry or governmental department and ultimately holdresponsible positions. Alternatively, a CA may take up the job of an educator at a University/college level. Many chartered accountants hold responsible positions in business or industrialfirms as chief accountants, Director (Finance) and CEOs.
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Where to submit / despatch filled in application form?The application form is to be submitted in consonance with the address of the student as stated below:
Gujarat, Maharashtra, Goa and the Union Territories of Western India Regional CouncilDaman & Diu and Dadra & Nagar Haveli The Institute of Chartered Accountants of India
ICAI BHAWAN, “Anveshak” 27 Cuffe Parade,Colaba Post Box No. 6081, Mumbai – 400 005Phone: 022-39893989, Fax: 022-39802953E-mail: [email protected]
Andhra Pradesh, Kerala, Karnataka, Pondicherry, Southern India Regional CouncilTamil Nadu and the Union Territory of Lakshadweep The Institute of Chartered Accountants of India
ICAI BHAWAN122, M.G. Road, Post Box No. 3314Nungambakkam, Chennai – 600 034Phone: 044-39893989, Fax: 044-30210355E-mail: [email protected]
Assam, Meghalaya, Nagaland, Orissa, West Bengal, Eastern India Regional CouncilManipur, Tripura, Sikkim, Arunachal Pradesh, Mizoram The Institute of Chartered Accountants of Indiaand the Union Territory of Andaman-Nicobar ICAI BHAWAN, 7, Anandilal Poddar Sarani,
(Russell Street) Kolkata – 700 071Phone: 033-39893989, Fax: 033-30211145E-mail: [email protected]
Uttar Pradesh, Bihar, Madhya Pradesh, Rajasthan, Central India Regional CouncilUttaranchal, Chhatisgarh and Jharkhand The Institute of Chartered Accountants of India
ICAI BHAWAN, Post Box No. 314, 16/77B,Civil LinesKanpur – 208 001Phone: 0512-3989398, Fax: 0512-3011173E-mail: [email protected]
Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Northern India Regional CouncilPunjab and the Union Territory of Chandigarh The Institute of Chartered Accountants of India
ICAI BHAWAN, 52-54, Vishwas Nagar,Delhi - 110032Phone: 011-39893990, Fax: 011-30210680E-mail: [email protected]
The student should make the draft payable accordingly to Mumbai, Chennai, Kolkata, Kanpur and NewDelhi respectively. Students, who are submitting application form online, are advised to take a print out ofthe filled in application form, affix the photograph, sign the application form and despatch to theappropriate office of the Institute as stated above. A copy of the prospectus will be sent to such studentsalong with the study package.
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Besides the offices of Regional Councils, where students are to be registered for CPT/PCC/Final Course, they can submit their application forms and can get further detailsfrom the following addresses:
Ahmedabad Branch of WIRC of theInstitute of Chartered Accountants of India,123,Sardar Patel Colony,Navjivan P.O., Nanpura,Ahmedabad - 380 014Ph: 079 27680946, 27680537, Fax: 079 27680537E-mail: [email protected]
Bangalore Branch of SIRC of Institute ofChartered Accountants of IndiaNo. 16/0, Millers Tank Bed Area,BANGALORE - 560 052Ph: 080 22205891, 22252546, Fax: 080 22252547E-mail: [email protected]
Baroda Branch of WIRC of the ICAI2B,Ramkrishna Chambers, Productivity Road,VADODARA - 390 005Ph: 0265 2351151, Fax: 0265 2351151E-mail: [email protected]
Chandigarh Branch of the Northern India RegionalCouncil of the ICAI Institutional Area, Opp.Community Centre, Sector-35 B,CHANDIGARH -160036Ph: 0172-5067756, Fax: 0172-5067756E-mail : [email protected]
Coimbatore Branch of SIRC of the ICAI, M.M.SMemorial Building, 8, Diwan Bahadur Road,R.S.Puram,COIMBATORE - 641 002,Ph: 0422 2552872, Fax: 0422 2547764,Email: [email protected]
Ernakulam Branch of SIRC of the ICAI57/3146, Dewan’s Road, Ernakulam,KOCHI - 682 016,Ph: 0484 2369238, 2369258, Fax: 0484 2372953E-mail: [email protected]
Hyderabad Branch of SIRC of Institute ofChartered Accountants of India,11-5-398/C, Red Hills,HYDERABAD - 500 004,Ph: 040 23317026, 23393182,Fax: 040 23393200E-mail: [email protected]
Indore Branch of CIRC of the ICAI 101,Urvashi Complex, Ist floor, 3, Jaora Compound,INDORE - 452 001Ph: 0731 2702875, Fax: 0731 2702471E-mail: [email protected]
Jaipur Branch of CIRC of Institute ofChartered Accountants of IndiaD-1, Institutional Area, Jhalana Doongri,JAIPUR - 302 004Ph: 0141 2705536, 2707309 Fax: 0141 2700352E-mail: [email protected], E-mail: [email protected]
Nagpur Branch of WIRC of the ICAI20/1, Behind Vijayanand Society,Dhantoli, NAGPUR -440 012Ph: 0712 2443968, Fax: 0712 2441196,E-mail: [email protected]
Pune Branch of WIRC of the Institute ofChartered Accountants of IndiaAmber Chambers 5th Floor, 28-A,Budhwar Peth, PUNE - 411 002Ph: 020 24451636, Fax: 020 24489732E-mail: [email protected]
Surat Branch of WIRC of the ICAI3- A, Jaldarshan Apartment,Opp. BahumaliBuilding, Nanpura, SURAT - 395 001Ph: 0261 2472932, 3207911, Fax: 0261 2464413E-mail: [email protected]