Hope for PE II Student ! New Circular by ICAI on 08.02.10

Those who have 2 groups left in PE-2 must switch. Those who have 1 group pending must remember that Final Attempt will get postponed by 6 months more if you switch. And if your Group 1 is pending, you will have to clear Group 1 in May, to start articles, and you will need to appear in one more Accounts IPCC paper at some point, before becoming Final student. So beware.

PE 2  my both groups not completed till now                                                                              

wants to change to IPCC

orientation programme   100 hours ITT not completed

can i write may 2010 IPCCexam

please give me advice

I have to clear Group 2 only, so will it be beneficial if I switch over from PE-II to IPCC for May 2010 Attempt. Pl suggest. Does it affect my CA Final Attempt if I switch over. If yes then which attempt for CA Final will i be eligible for.

Please advise.

Originally posted by : Sneha
	I have to clear Group 2 only, so will it be beneficial if I switch over from PE-II to IPCC for May 2010 Attempt. Pl suggest. Does it affect my CA Final Attempt if I switch over. If yes then which attempt for CA Final will i be eligible for. Please advise.

Hi sneha , how are you :) as u said u have u have completed Gr-2 in PE2. me too the same case now coming to the point ... if you convert to IPCC u will be given exemption under Unit scheme ...  and u need to pass the folloing exams

Group 1

paper1: accounts - 1

paper2: Law

Group 2

Paper 4 : Accounts -2

Paper 5 : Auditing

 let me explan u this with a example

example :

if a candidate gets

Costing - 40

income tax - 40

Info tech - 70

Total = 150 - pass in CA PE-II Gr2 ; GR-1 is still pending to clear

Now he converts to IPCC ....

Gr1 - Accounts - 1 , LAW , Cosing , Tax

that means he has to score min 200 to pass IPCC Gr1

so if costing & tax are exempted under Unit scheme the he has to score (200-40-40 = 120 marks ) to get IPCC Gr1 cleared , Avg 60 marks in each paper ( Accounts -1 , Law )

He can start aricalship !!

Similarly for GR2 IPCC

accounts-2 , Audit , Infotech

Min marks to pass 150

so to clear GR2 IPCC he needs to score 150-70= 80 marks

i.e 40 marks in each paper--- Accounts-2 , Audit

now put your marks in Gr-2 Pe2 n above exam and see if its ok to convert to IPCC ...

one more thing if ur average in Gr1 IPCC per subject  is more than 55 marks then think about it my friend ... do u think its posible

I feel its better to give a fullto hardcore attempt this may10 afterwards anyway we dont have a choice what say ???

please feel free to PM me friends

Hi Sree, I think she said she has Group 2 is left, not cleared. Have messaged her in this regard, but let me mention again:

1. PE-2 Grp 2 results have been consistently lower than group 1.

2. IPCC pass % may be higher than PE2, but they are NOT as high as PCC. Don't have exact figures, but even groupwise has beeen somewhere between 12-14 %. Just confirm.

And as Sree explained, transfer your PE-2 group 1 results into the IPCC scheme and see how much is pending to score in each IPCC group. If it is too high, may not be such a good idea to switch.

Hi, sree thanks for tht illu example, wht abt if cleared 2nd group how will they divide the mark of accounting in each group for calculating aggregate. 

dear friend

conversion of group basis or not

becuase i cleared 1st group of pe-ii and appearing for 2nd group in may 2010

clear my query

regards

milind deoghare

hai friends, i didn't complete both groups of pe2 and i completed my 100 hours of itt.  if i want to shift to ipcc how much fee i have to pay.....  pls give me details

dear prasad

                  if u r completed itt  then convesion fee Rs.6000/- only

dear shrikant

                          in ipcc conversion only subject wise exemption is given not on basis of group wise

 I didn't clear  both groups of pe2 and i completed my 100 hours of itt ,

Do i have to complete orientation course before 1st MAY 2010 to appear in may10 ipcc exam  

Originally posted by : irfan
	I didn't clear  both groups of pe2 and i completed my 100 hours of itt , Do i have to complete orientation course before 1st MAY 2010 to appear in may10 ipcc exam

 yes u have to complete :)

Originally posted by : irfan
	I didn't clear  both groups of pe2 and i completed my 100 hours of itt , Do i have to complete orientation course before 1st MAY 2010 to appear in may10 ipcc exam

yes sadly