Direct entry to ipcc

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Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2012 is mba passed student who studied mnagement,financial managent, accounting and financial analysis , business law, cost and mnanagemnt accounting,managerial economics,with 59%marks considered to be commerce stream for direct entry to ipcc.

Ajay Mishra

Ajay Mishra (Expert)
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30 November 2012 Hi

A student shall be deemed to be of Commerce stream, if he has passed Graduation/ Post Graduation examination by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting.

Ajay Mishra

Ajay Mishra (Expert)
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30 November 2012 Q. Will a Graduate/ Post Graduate student who has secured in aggregate a minimum of 54.4% of the total marks in Commerce Stream or 59.4% in other stream be eligible to register under direct entry scheme of chartered accountancy course?

Ans: No. As per the rounding off provision, any fraction of half or more shall be rounded up to the next whole number. Accordingly, if a student secures a minimum 54.4% or 59.4% of the total marks in Commerce stream or in other stream respectively shall not be eligible to register under direct entry scheme of chartered accountancy course.

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