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IPCC Full Form

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Introduction


The full form of IPCC is Integrated Professional Competence Course. This is the first level of the chartered accountancy curriculum.

CA IPCC

The Institute of Chartered Accountants of India (ICAI) organises two different levels of Chartered Accountancy Exams-

  1. CA Foundation

  2. CA Integrated Professional Competence Course (IPCC)


CA Foundation is the primary level exam and the students who have qualified it and have the required qualifications go for the secondary level exam that is CA IPCC. ICIA conducts the CA IPCC exam twice a year, in the month of May and in the month of November. 

Name of the Exam

CA IPCC

Conducting Authority

ICAI

Frequency

Twice a year (May and November)

Language

Hindi and English

Level of Exam

Intermediate

Mode of Exam

Pen-and-paper

Number of Papers

GROUP A and GROUP B


Please find the exam pattern, syllabus and highlights below.

Syllabus For CA IPCC 2021

Subjects

Core Topics

Accounting

  • Accounting Standards

  • Company Accounts

  • Financial Statements of Not-For-Profit Organizations

  • Accounting for Special Transactions

Business Laws, Ethics and Communication

  • The Payment Bonus Act 1965

  • Payment of Gratuity Act, 1972

  • Environment and Ethics

  • The Companies Act, 2013

Cost Accounting and Financial Management

  • Cost Ascertainment

  • Cost-Bookkeeping

  • Financial Decisions

  • Types of Financing

Taxation

  • Income Tax

  • GST Laws

  • Input Tax Credit

  • Profit and Gains from Business and Profession

  • Capital Gains

  • Advanced Tax and Tax Deduction

Advanced Accounting

  • Advanced Issues in Partnership Accounts & Issues Related to Accounting in Limited Liable Partnerships

  • Company Accounts

  • Accounting for Special Transactions

Auditing and Assurance

  • Auditing Concepts

  • Standards on Auditing and Guidance Notes

  • Auditing Sampling

  • The Company Audit I and II

  • Vouching Control

  • Preparation for an Audit

  • Auditing of Assets and Liabilities

Information Technology and Strategic Management

  • Business Process Management and IT

  • Business Information System

  • Telecommunication and Networks

  • Information Systems and IT Fundamentals 


Kindly check the official ICAI website for detailed syllabus.

Subject-wise Weightage of Group 1 and 2 Exams

The total number of subjects in the CA IPCC exam are 7 which are further divided into two groups- Group 1 which consists of 4 subjects and Group 2 which consists of 3 subjects.


CA IPCC Group 1

Paper 

Parts

Marks

Paper 1- Accounting


100

Paper 2- Business Ethics, Laws and Communication

Part 1- Law

Part 2- Business Ethics

Part 3- Business Communications

60

20

20

Paper 3- Cost Accounting and Financial Management

Part 1- Cost Accounting

Part 2-Financial Management

50

50

Paper 4- Taxation

Part 1- Income Tax

Part 2- Service Tax and VAT

50

25+25


CA IPCC Group 2

Paper 

Sections

Marks

Paper 5- Advanced Accounting

-

100

Paper 6- Auditing and Assurance

-

100

Paper 7- Information Technology and Strategic Management

Section A- Information Technology

Section B- Strategic Management

50

50

Registration and Application Fee

Candidates appearing for CA IPCC exams can register in two ways-

  1. Foundation Way - Candidates who register for the CA Foundation exam and enter the IPCC level by qualifying for the CA Foundation exam, opt for the foundation way to register for CA IPCC.

  2. Direct Entry Way - Candidates who wish to do for the CA IPCC exam directly without appearing for the CA Foundation exam, out the direct entry way to register for CA IPCC.


The application fee for Indian Nationals and Foreign candidates is as follows-


For Indian Nationals

Details

Both Groups (Rs.)

Single Group (Rs.)

Registration Fee

15000

11000

Student’s Activity Fee

2000

2000

Registration Fee as Article Assistant

1000

-

Total Fees

18000

13000


For Foreign Students

Group I

$500

INR 36000

Group II

$350

INR 25000

Total

$850

INR 61000


FAQs on IPCC Full Form

1. What is the full form of IPCC?

IPCC stands for Integrated Professional Competency Course.

2. What is the eligibility criteria in appearing for IPCC?

It tends to be endeavoured by any applicant who has passed the initial level (CPT) tests and the 10+2 (intermediate) assessment and has finished nine months of study or by a graduate who has scored least prescribed marks.

3. What is the entry procedure for IPCC?

The candidate has through the CPT assessment.

  • The candidate needs to enlist and register for the IPCC course 

  • The candidate needs to finish nine months of study course

4. What is the entry procedure for IPCC?

  • The candidate needs to enlist and register for the IPCC course 

  • The candidate needs to finish nine months of study course 

  • Complete 100 hours of IT preparing 

  • The following stage is to finish the direction course and pass either Group-I or both the groups of the skill assessment.

5. What are the qualifications required for CA IPCC?

A candidate appearing for CA IPCC is only eligible for the exam if he has passed (10+2) examinations from a recognized board. Students also have to go through the CA Foundation exam before applying for CA IPCC.


Students who do not want to go through the CA Foundation course, can apply directly for the CA IPCC if he/she is a graduate/post-graduate of commerce and has secured a minimum of 55%. Non-commerce students can register for the CA IPCC exam by securing a minimum of 60% in their graduation/post-graduation.

6. What is the level of the CA IPCC exam?

CA IPCC is considered to be a difficult exam since the syllabus is vast. CA IPCC requires lots of hard work if one is aiming to crack the exam. The students appearing for the exam must have a high level of understanding and conceptual clarity of all the subjects. But candidates with a good understanding of topics and concepts and ambitious minds can easily crack the exam. The only trick to do well in the CA IPCC exam is to study daily and have confidence within yourself.

7. When does the result get declared for the CA IPCC Exam?

CA IPCC is held twice a year, one in the month of May and the other in the month of November. The results are generally announced within 15 to 20 days after the exam is held.

8. What is the course duration of CA?

After the completion of class 12, it usually takes around 4.5-5 years to complete the course of Chartered Accountancy (CA). The course begins with the CA Foundation which is the primary stage of the course, then the students go for the second stage that is CA Integrated Professional Competency Course (IPCC). The student is eligible 9 months after appearing for the first stage CA Foundation for the CA IPCC. After Group 1 of CA IPCC, a student is eligible for an internship. 

9. What are the job profiles a person is eligible for after CA?

After completing CA, a person can go for the following jobs-

  • Chartered Accountant

  • Public Accountant

  • Cost Accountant

  • Government Accountant

  • Taxation Expert

  • Auditor

  • Internal Auditor

  • Finance Manager

  • Financial Analyst

  • Financial Advisor

  • Accounting Firm Manager

To know more about CA, students can visit Vedantu’s study material on Chartered Accountancy.