Conversion from pcc to ipc if 1st group is clear

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I have cleared my 1st group under PCC in Nov 2011 & now want to convert to IPC, so my queries are: -

1. Can we download the form for conversion from online even if the Bar Code No. of the Form is same for each & every downloader ?

2. Will the Conversion Fees of Rs. 500/- will be same for conversion of only 1 Group ?

3. How will I have to score in subjects Costing, Taxation & ITSM in order to clear the said subjects under different groups in IPC ?

4. How the marks of Accounts subject will be presented in the new course of IPC for the reason that the same Accounts subject is bifurcated into two under different groups ?

5. Will I have to wait for my new registration no. of IPC, to quote the same in my exam form to be submitted before 27th Feb 2013 or I can immediately post my exam form after the process of Conversion Form ?

PLEASE HELP ME...ASAP...

 

Replies (3)
Originally posted by : vanita

I have cleared my 1st group under PCC in Nov 2011 & now want to convert to IPC, so my queries are: -

1. Can we download the form for conversion from online even if the Bar Code No. of the Form is same for each & every downloader ?

Yes, you can download the form. There will be no problem.


2. Will the Conversion Fees of Rs. 500/- will be same for conversion of only 1 Group ?

The conversion fee will remain the same i.e. Rs. 500/- irrespective of which group you are converting for.


3. How will I have to score in subjects Costing, Taxation & ITSM in order to clear the said subjects under different groups in IPC ?

You will have to appear for Unit 8 to pass both groups under IPC. The passing criteria will remain same. 40% in each paper and 50% in aggregate.  

UNIT – 8

Group I Paper 3 : Cost Accounting and Financial Management

Group I Paper 4 : Taxation

Group II Paper 7 : Information Technology and Strategic Management


4. How the marks of Accounts subject will be presented in the new course of IPC for the reason that the same Accounts subject is bifurcated into two under different groups ?

You will get paper wise exemption for Accounting and Advanced Accounting in IPC. 


5. Will I have to wait for my new registration no. of IPC, to quote the same in my exam form to be submitted before 27th Feb 2013 or I can immediately post my exam form after the process of Conversion Form ?

Registration number will remain the same.

As per ICAI Checklist for exam form, "Attach a Photocopy of Intermediate (IPC) Course Registration/Conversion letter."

[ICAI will take sometime in processing the letter.]

But people at EIRC-ICAI says that even if you don't attach the letter, there will be no problem.  You will be able to give the exams. 


PLEASE HELP ME...ASAP...


Help me out...i have cleared one group of pcc....and on conversion,will i get any exemption in IPC exam and for how many attempts......mind it My 1st group of PCC is clear..... Any one plz help me.....i m totally confused.......

Originally posted by : deepak
Help me out...i have cleared one group of pcc....and on conversion,will i get any exemption in IPC exam and for how many attempts......mind it My 1st group of PCC is clear..... Any one plz help me.....i m totally confused.......

Don't worry. You will get the exemption subject wise in IPC for Group 1 cleared in PCC. You will be exempted for the following subjects in IPC:

Group I Paper 1:  Accounting and
Group II Paper 5:  Advanced Accounting
Group II Paper 6:  Auditing and Assurance
Group I Paper 2:  Business Law, Communication and Ethics
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Paper wise exemption scheme for PCC students because subjects of PCC Group 1 are divided in 2 groups of IPC.
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Number of attempts is not applicable here as your complete Group 1 of PCC is cleared. If you have any exemption in Group 2 of PCC (i.e 60% or above marks in any subject) that will be carried forward for the unexpired number of attempts (i.e. remaining out of 3).
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I think you are getting confused with the word 'exempted' because normally it means exemption for 3 attempts but here it means subject wise exemption in the corresponding paper because technically it cannot be said group exemption since subject composition is different.

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Now, you just have to appear for Unit 8 in IPC to clear both the groups.


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