Shocking But True!!!

IPCC 3023 views 20 replies

daVe..

Student

1431 Points Joined March 2008

Hi all.... ICAI has come up with many new regulations. CPT walas cannot enter into articleship directly. They''ve got to complete group I of IPCC. Read on to find out how the new scheme is gonna work out!!

BoS/Announcement/IPCC/227/2008 December 11, 2008

NEW SCHEME OF EDUCATION AND TRAINING

ACCOUNTING TECHNICIAN COURSE (ATC)

[INTRODUCED ON 3RD DECEMBER, 2008]

To become an Accounting Technician………

Enrol for Common Proficiency Test (CPT) after passing Class 10 examination
Pass 10+2 examination and CPT
Enrol for Accounting Technician Course (ATC)
Successfully complete 9 months of Study Course
Successfully complete Orientation Course of one week spanning over 35 hours and covering topics, such as, personality development, communicationskills, office procedures, business environment, general commercial knowledge, etc
Successfully complete Information Technology Training (ITT) or Computer Training Programme
Pass Group I of Integrated Professional Competence Examination (IPCE)
Group I is composed of four papers
Successfully complete one year work experience under a chartered accountant in practice or in industry
Get ATC Certificate
Designate as Accounting Technician

Scope for acquiring CA qualification, even after becoming Accounting Technician:

Enrol in Group II of Integrated Professional Competence Course (IPCC)
Register as Articled Assistant for a period of 3 years
Pass Group II of IPCE
Appear in IPCC Final Examination during last 6 months of 3 years of articled training
Pass both the Groups of IPCC Final examination
Complete remaining period of articled training, if applicable
Successfully complete the Course on General Management and Communication Skills
Get IPCC Final Examination Certificate
Enrol as a member of ICAI and designate as “Chartered Accountant”

* * * *

Replies (20)

daVe..

Student

1431 Points Joined March 2008

NEW SCHEME OF EDUCATION AND TRAINING

INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)

[INTRODUCED ON 3RD DECEMBER, 2008]

To qualify as a Chartered Accountant………

Enrol for Common Proficiency Test (CPT), after passing Class 10 examination
Pass 10+2 examination and CPT
Enrol for Group I or Group II or for both Group I and Group II
Successfully complete 9 months of Study Course
Successfully complete Orientation Course of one week spanning over 35 hours and covering topics, such as, personality development, communication skills, office procedures, business environment, general commercial knowledge, etc
Successfully complete Information Technology Training (ITT) or Computer Training Programme
Appear and pass Group I as well as Group II of Integrated Professional Competence Examination (IPCE)
Group I is composed of four papers and Group II is composed of three papers
Register as Articled Assistant for a period of 3 years, on passing either Group I or both the Groups of IPCE
Get IPCE Certificate, on passing both the Groups of IPCE
Appear in IPCC Final Examination during last 6 months of 3 years of articled training
Pass Group I as well as Group II of IPCC Final Examination
Complete remaining period of articled training, if applicable
Successfully complete the Course on General Management and Communication Skills
Get IPCC Final Examination Certificate
Enrol as a member of ICAI and designate as “Chartered Accountant”

Students already passed CPT but not yet registered as articled assistant

till 31st January, 2009, and students who would be passing CPT

examination(s) being held in the month of December, 2008 can enrol

themselves for IPCC upto 31st January, 2009, so as to be eligible to

appear in the first IPC Examination to be held in November, 2009

* * * *

daVe..

Student

1431 Points Joined March 2008

TRANSITION PROVISIONS FOR EXISTING STUDENTS OF PE-II/PCE

FOR CONVERSION TO INTEGRATED PROFESSIONAL COMPETENCE

COURSE/ACCOUNTING TECHNICIAN LEVEL

FOR EXISTING PE-II STUDENTS

Existing PE-II students registered by virtue of having passed Graduate Degree shall continue to appear in PE-II examination till May, 2009
Existing PE-II students registered by virtue of having passed PE-I Examination can continue, at their discretion to appear in PE-II examination till May, 2009 or switch over immediately to existing Professional Competence Course upto 30th June, 2009 and thereafter shall be compulsorily required to switch over to Integrated Professional Competence Course Examination [IPCC]
Candidates who have passed one of the groups of PE-II or PCE shall be eligible for paper wise exemption in IPCC/ATC Students of PE-II will continue to get paper wise exemption [secured on the basis of 60% and above marks] upon conversion in the corresponding paper(s) of PCE/IPCC for the remaining un-expired chance(s)

Eligible to grant of Accounting Technician Level Certificate after passing the remaining papers of Group I of IPCC and upon completion of three years of Articleship or one year work experience after passing Group I of IPCC
Eligible to appear in Final Examination after passing remaining papers of Group I and Group II of IPCC and while in last six months of Articleship
Last PE-II Examination will be held in May, 2009
After passing Final Examination, completion of prescribed period of Articleship andGMCS Course, students will be eligible for membership of the Institute

FOR EXISTING STUDENTS OF PCE

Registration to Professional Competence Course will be upto 30th June, 2009
Last PCE Examination will be held in November, 2012. Thereafter, all students of PCE will be compulsorily required to appear in Integrated Professional Competence Course Examination [IPCC] effective from May, 2013
Students of PCE will continue to get paper wise exemption [secured on the basis of 60% and above marks] upon conversion in the corresponding paper(s) of IPCC for the remaining un-expired chance(s)
Students of PCE who have passed one of the Groups will be eligible for grant of paper wise exemption in IPCC Examination Students of PCE will continue to do Articleship as per deed of Articleship already executed
Students of PCE after passing Group I and Group II of IPCC will be allowed to appear in Final Examination during the last six months of Articleship
After passing Final Examination, completion of prescribed period of Articleship and GMCS Course, students will be eligible for membership of the Institute

* * * *

daVe..

Student

1431 Points Joined March 2008

Still not convinced. Click on https://icai.org/resource_file/14288atc-ipcc_111208.pdf

daVe..

Student

1431 Points Joined March 2008

Here is the file...

Sameer Medhekar

Student

4140 Points Joined April 2008

Its Really Shoking

mudit now a finalist

student

94 Points Joined July 2008

gud to get info.thanx

Rahul Anand Arora

Chartered Accountant

329 Points Joined March 2007

It's really shocking....to see that ICAI changing syllabi so frequently.

But a good move from ICAI.

Vaidehi

articled assistant- studin PCC

104 Points Joined December 2008

hey thnx dude i really din knw dt institute is cm up wid ths........

Guest

439780 Points Joined August 2012

Originally posted by :Vaidehi
"	hey friends plz clarify my doubt, I cleared my CA Inter and I appeared Final First group, can I eligible for ATC hey thnx dude i really din knw dt institute is cm up wid ths........	"

divya

Article assistant

106 Points Joined July 2008

thanks a lot yaar... actually i cleared cpt n also doin my b.com 2nd yr... thought of doin d last yr of my degree at corres but was vry hesitant..now i can take up both pcc n my b.com... i feel i am out of confusion... but dont u ppl feel dis becomes a very lenghty process 2 complete a course...