The full form of the IPCC is the Integrated Professional Qualification Course. The IPCC is a second or second level CA (Chartered Accountancy) degree course. Its curriculum is conducted by ICAI (Institute of Chartered Accountants of India). Upon satisfactory completion of this integrated course of professional competences, the candidate is entitled to the final level of Chartered Accountancy.
Eligibility criteria for the IPCC
Applicant should take CA CPT (Chartered Accountancy Common Proficiency Test) before appearing for IPCC exam.
After successful completion of the course, an exam is held and the test is called IPCE (Integrated Professional Competence Examination).
IPCC Exam Details
The IPCE curriculum includes theoretical and practical learning. In this course, the candidate has seven papers, which are divided into two categories. The first category consists of 4 subjects. The second group is composed of 3 subjects. All of these first and second category subjects are relevant to the accounting profession. A total of 200 points in group 1 and 150 points in group 2 are required to clear a class.
Papers of group 1
- Accounting subject – 100 marks
- Law – 60 marks
- Ethics – 20 marks
- Communication – 20 marks
- Cost Accounting – 50 marks
- Financial Management – 50 marks
- Income Tax – 50 marks
- Indirect Tax – 50 marks
Papers of group 2
- Advanced Accounting – 100 marks
- Auditing & Assurance – 100 marks
- Information Technology – 50 marks
- Strategic Management – 50 marks