Ipcc
Subjects for study in Integrated Professional Competence Course
Six subjects and Seven Papers of study in IPCC are – Group I Paper 1: Accounting (100 marks) Paper 2: Business Laws, Ethics and Communication (100 marks) Part I: Business Laws (60 marks) comprising Business Laws (30 marks) Company Law (30 marks) Part II: Ethics (20 marks) Part III: Communication (20 marks) Paper 3: Cost Accounting and Financial Management (100 marks) Part I: Cost Accounting (50 marks) Part II: Financial Management (50 marks) Paper 4: Taxation (100 marks) Part I: Income-tax (50 marks) Part II: Service Tax (25 marks) and VAT (25 marks) Group II Paper 5: Paper 6: Paper 7: Advanced Accounting (100 marks) Auditing and Assurance (100 marks) Information Technology and Strategic Management (100 marks) Section A: Information Technology (50 marks) Section B: Strategic Management (50 marks) The level of knowledge expected of students in the above subjects is ‘working knowledge’.
[Syllabus specified by the Council under Regulation 28E (3) of the Chartered Accountants Regulations, 1988 – Effective from November, 2009 Examination]
INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
Syllabus GROUP - I 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;
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(b) (c) (d) 1. 2.
To gain working knowledge of the principles and procedures of accounting and their application to different practical situations; To gain the ability to solve simple problems and cases relating to sole proprietorship, partnership and companies; and To familiarize students with the fundamentals of computerized system of accounting. A General Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards Accounting Standards Working knowledge of: AS 1 : Disclosure of
Six subjects and Seven Papers of study in IPCC are – Group I Paper 1: Accounting (100 marks) Paper 2: Business Laws, Ethics and Communication (100 marks) Part I: Business Laws (60 marks) comprising Business Laws (30 marks) Company Law (30 marks) Part II: Ethics (20 marks) Part III: Communication (20 marks) Paper 3: Cost Accounting and Financial Management (100 marks) Part I: Cost Accounting (50 marks) Part II: Financial Management (50 marks) Paper 4: Taxation (100 marks) Part I: Income-tax (50 marks) Part II: Service Tax (25 marks) and VAT (25 marks) Group II Paper 5: Paper 6: Paper 7: Advanced Accounting (100 marks) Auditing and Assurance (100 marks) Information Technology and Strategic Management (100 marks) Section A: Information Technology (50 marks) Section B: Strategic Management (50 marks) The level of knowledge expected of students in the above subjects is ‘working knowledge’.
[Syllabus specified by the Council under Regulation 28E (3) of the Chartered Accountants Regulations, 1988 – Effective from November, 2009 Examination]
INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)
Syllabus GROUP - I 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;
Page 1 of 14
(b) (c) (d) 1. 2.
To gain working knowledge of the principles and procedures of accounting and their application to different practical situations; To gain the ability to solve simple problems and cases relating to sole proprietorship, partnership and companies; and To familiarize students with the fundamentals of computerized system of accounting. A General Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards Accounting Standards Working knowledge of: AS 1 : Disclosure of