Information Lecture for IPCC
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Information for CA IPCC Students

Information for CA IPCC Students

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Information Lecture for IPCC Presentation Transcript

  • 1. IPCC Introductory Lecture 8th July 2012 1
  • 2. IPCC Welcome To a fantastic journey of knowledge And wisdom.A journey that shows you the way to A paying and satisfying career. Welcome to a presentation On“Everything you wanted to know about IPCC But didn’t know where to ask ” 2
  • 3. IPCC Road MapPart I: Understanding IPCC SchemePart II: How to prepare for IPCC?Part III: IPCC at ZPA. 3
  • 4. Part 1Understanding IPCC Scheme 4
  • 5. New Scheme of Education IPCC & TrainingICAI periodically reviews the scheme of CACourse to remain in tandem with nationaland global developments.Evolving business demands newer skillsfrom Accounting professionals.Accordingly ICAI has revamped theexisting scheme and new scheme isintroduced w.e.f. 10th Dec. 2008. 5
  • 6. IPCC New Scheme in Brief1. Register and pass CPT. (No Change)2. Register for Integrated Professional Competence Course (IPCC) – Comprises of 2 Groups3. Appear and Pass the Group I of IPCC. Student may appear for both Groups.4. Undergo the Information Technology Training for 100 Hours5. Undergo the Orientation Programme for 35 Hours6. Register for Articleship of 3 years on passing Group I or Both Groups.7. Pass Group II of IPCC, if not passed earlier.8. Appear for C.A. Final during last 6 months of Articleship. 6
  • 7. Why New Scheme is IPCC launched by ICAI?Student should be equipped with thesound theoretical knowledge beforecommencement of Articleship so thatpractical training becomes effective.Orientation & Information TechnologyTraining before Articleship will enablestudent to sharpen the soft skills and ITskills during Articleship. 7
  • 8. Eligibility for Registration IPCC for IPCCStudent has passed 10 + 2 ExamStudent has passed CPT 8
  • 9. IPCC Subjects for IPCCGroup Subjects Marks I Accounting 100 Law, Ethics and Communication 100 Cost Accounting 50 Financial Management 50 100 Taxation Part I :Income tax 50 Part II: Service tax and VAT 50 100 II Advanced Accounting 100 Auditing and Assurance 100 Information Technology and Strategic Management Section A: Information Technology 50 Section B: Strategic Management 50 100 Total 700 9
  • 10. Requirement for IPCC Appearing in IPCC Exam Student has registered for IPCC at least 9 months before the 1st Day of the month in which the examination is held. Completion of ITT and Orientation Training is not necessary for appearing in IPCC exam. ITT and Orientation should be completed before commencement of Articleship.Last Date of Registration for IPCC May 2013 Exam: 31st July 2012 10
  • 11. IPCC Passing Criteria for IPCCIf Student appears for Both Groupssimultaneously:A student will be declared to have passedif he secures in one sitting Minimum 40%marks in each paper of Both Groups ANDMinimum 50% marks in the aggregate ofall the papers of both Groups takentogether. 11
  • 12. IPCC Passing Criteria for IPCCAlternatively Student can clear Group I andthen register for Articleship and clearGroup II During Articleship:A student will be declared to have passedif he secures in one sitting Minimum 40%marks in each paper of the Group I ANDMinimum 50% marks in the aggregate ofall the papers of that Group. 12
  • 13. Example – Student Appearing IPCC for Both GroupsGroup Paper Subject Marks Group Total I 1 Accounting 65 2 Law, Ethics and Communication 45 3 Cost Accounting and Financial 45 Management 4 Taxation 50 205 II 5 Advanced Accounting 55 6 Auditing and Assurance 50 7 Information Technology and 40 145 Strategic Management Grand Total 350 Percentage Marks 50%Result: Passed Both Groups of IPCC 13
  • 14. Example – Student Appearing IPCC for Group IGroup Paper Subject Marks Group Total I 1 Accounting 65 2 Law, Ethics and Communication 40 3 Cost Accounting and Financial 45 Management 4 Taxation 50 200 Result: Passed Group I of IPCC 14
  • 15. Whether Student Should appear IPCC for Both Groups or Group I?ZPA Recommends the Students to Opt forBoth Groups due to following:1. 9 months Duration is sufficient enough to prepare for Both of the Groups.2. A student will be totally free during Articleship to acquire the practical experience and study for C.A. Final Course. 15
  • 16. Whether Student Should appear IPCC for Both Groups or Group I?1. After commencement of Articleship it may be difficult to find the time for Group II preparation along with Graduation & Articleship.2. If both Groups are given simultaneously student is benefitted with the facility of Set off i.e. excess marks in one group will be set off against the lower marks in another group. 16
  • 17. Whether Student Should appear IPCC for Both Groups or Group I?A Student should consider the ability to dohard work, capabilities, own skills,firmness, belief in self etc. while taking thedecision.We believe that each Student is intelligentand has ability to crack the exam. Believein yourself. 17
  • 18. 100 Hours of Information IPCC Technology TrainingThe 100 Hours IT Training is provided by the ICAIthrough the branches of ICAI.The registration for ITT should be made at the time ofRegistering for IPCC. However enrollment of coaching isto be done separately with local branch of ICAI.ICAI Provides the Course Material. The training is givenby ICAI for 20/25 days for 5/4 Hours per day. 18
  • 19. 100 Hours of Information IPCC Technology TrainingTuition Fees payable to Regional Office /Branch for 100 Hours of ITT (It is separatefrom Registration Charges) – ` 4,000.The above fee is for Training.The Structure of ITT Online Exam 60 Marks Project Report 20 Marks Module Tests 20 Marks 19
  • 20. Syllabus for 100 Hours of IPCC ITTComputer FundamentalsMS-Office including Data BasesAccounting PackageComputer Aided Audit TechniquesWeb TechnologyDigital SignatureThe Syllabus of ITT and Paper 7A: Information Technology is totally different. 20
  • 21. IPCC Orientation ProgrammeOrientation Programme is to be completebefore commencement of articleship.The Program will be conducted by ICAI forOne Week for 35 Hours. Fees ` 3,000.The Program Covers following areas Personality Development Communication skills Office Procedures Business Environment General Commercial Knowledge. 21
  • 22. Accounting Technician IPCC Course (ATC)It is a mid level Certificate Course newlyLaunched by the ICAI.A student will get degree of AccountingTechnician if He Registers for ATC. He completes 100 Hours of ITT He completes Orientation programme He passes Group I of IPCC Completes the 12 months of Practical Training. 22
  • 23. Accounting Technician IPCC Course (ATC)On Completion of Articleship training of 12months Accounting Technician Certificateis issued. It is not included in 3 years ofArticleship. Student will have to do trainingin addition to 3 years.ATC Qualification is separate from CAQualification. We recommend doing CAand not to register for ATC. 23
  • 24. IPCC ArticleshipTo begin Articleship student should pass Group I(not necessarily Both Groups) of IPCC and shouldhave completed ITT of 100 Hours & OrientationProgramme.The unique requirement of practical training isinstrumental in Shaping a well roundedprofessional.Total Duration: 3 years.Last 1 year student can join for Industrial Training.Stipend is paid during the Articleship period. 24
  • 25. Attribute developed IPCC during ArticleshipInculcates a disciplined attitude for hard work.Develops necessary skills in applying theoreticalknowledge to practical situations.Provides exposure to overall socio – economicenvironment in which organisations operate.Develops ethical values. 25
  • 26. IPCC Articleship – Work experienceAccountingAuditing (including internal audit)Taxation (Direct and Indirect)Information technologyManagement ConsultancyOther areas 26
  • 27. Articleship – Minimum IPCC Monthly Stipend Stipend PayableNo. City Classification 1st Year 2nd Year 3rd Year ` ` `1 Population of 20 Lakhs & 1000 1250 1500 above2 Population of 4 Lakhs & 750 1000 1250 Above3 Population less than 4 500 750 1000 lakhs In Pune Stipend is paid within the range of ` 1500 – 2500 – 3000 p.m. in the 1st, 2nd & 3rd year respectively. 27
  • 28. Permission to Pursue other IPCC Courses during ArticleshipAn Articled Assistant cannot pursue anyother course without the permission ofICAI.ICAI gives permission only for One Course(e.g. Graduation) on submission of FormNo. 112 by the Student.This form is required to be submitted oncommencement of Articleship. 28
  • 29. ICAI Registration Fees for IPCC IPCC Option Course Without Articles With Articles 1 Both Groups of IPCC 9,000 11,000 2 Group I only 8000 - 3 Group II 5000 7000 Note: Articleship will begin only on passing of Group I but ICAI has allowed payment of Registration charges earlier.We recommend that student should register for Both groups. 29
  • 30. IPCC C.A. Final CourseA Student has to register for C.A. FinalCourse on passing the Both Groups ofIPCC.However he can appear for exam only oncompletion of 2 ½ years of Articleship.C.A. Final has 8 Subjects divided into 2Groups. Passing requirements are same asIPCC. 30
  • 31. General Management & IPCC Communication Skills (GMCS)GMCS aims at equipping the student with presentationskills, Inter personal skills, Group discussion skills etc.The Council has decided that GMCS Programme,presently being organized for 15 days for the CAstudents should be organized twice during the period ofarticled training as under:  GMCS-I (15 days) - during 1st year of articled training  GMCS-II (15 days) - after completion of 18 months of training but before completion of articled trainingThe fee for each programme of GMCS I & II shall be` 6,500/- only. 31
  • 32. Summarising New Scheme IPCC through time Schedule CPT in June. 2012 IPCC Reg. before 31.7.12 IPCC Group I or Both Groups Exam May 2013 100 Hrs ITT & Orientation by July 2013 Articleship 1st Aug 2013 to 31st July 2016IPCC Group II Exam Nov 2013 (If not cleared earlier) Complete GMCS I & II C.A. Final Exam – May 2016 32
  • 33. Part 2How to prepare for IPCC? 33
  • 34. IPCC How to Prepare for IPCC?There is change from Objective Typeexamination to Descriptive examination. Itneeds some special strategy from studentsside.At ZPA we are here to prepare ourstudents to take on this change. Here aresome tips to prepare for IPCC Examination.Read on! 34
  • 35. IPCC How to Prepare for IPCC?1. Attend all lectures with 100% Physical and Mental Attendance. Your success is ensured.2. Do the Homework regularly with the utmost sincerity. It helps to evaluate your understanding and rectify the mistakes. Commit the mistakes but don’t repeat them. Its best process of learning, as elimination of mistakes is only the path of PERFECTION. 35
  • 36. IPCC How to Prepare for IPCC?1. Attend all the Weekly tests that will be conducted. They benefit from weekly tests is invaluable. It develops the writing skills and self evaluation. Also the portion covered in test is prepared automatically.2. At IPCC Writing skills (language & handwriting) are going to be deciding factors especially for theory subjects. So Regularly practice answering the theory questions at home. 36
  • 37. IPCC How to Prepare for IPCC?1. Prepare the detailed Study plan considering the Number of pages to be read. The study plan should aim at covering the entire syllabus at least 1 month before the examination. 1 Minute spent in planning saves 10 Minutes in implementation. This is 1000% Return on time spent! 37
  • 38. IPCC How to Prepare for IPCC?1. Complete the Self Study of the Chapter as soon as Chapter is over in the class. Don’t create any backlogs. Eat slowly and Digest perfectly.2. Prepare the Book of Highlights (BOH) covering the summary points of the chapter as soon chapter is over. It helps in Quick revision. Revise the BOH maximum possible number of times. 38
  • 39. IPCC How to Prepare for IPCC?1. At IPCC past examination questions are available. Most of the questions will be covered in the Class. Go through those questions to develop the self confidence.2. Do appear in Mock test series conducted at the end. It helps in understanding your weak points and gives scope for improvement. 39
  • 40. Part 3IPCC at ZPA. 40
  • 41. IPCC ZPAPL – An InstitutionPioneer Institute in Pune City for renderingeffective Coaching Services for CharteredAccountancy Course since last 38 years. [Date ofEstablishment - 14.1.1973]Silver Jubilee celebrated on 18.9.1997Founder of the Academy :Prof. CA S. B. Zaware ( B. Com., F. C. A. )Courses Offered :  CPT  IPCC  Final 41
  • 42. ZPAPL – Teaching Faculty IPCC for IPCC Teaching Experience : 5 Years Subjects : • Accounting and Advanced Accounting • Financial Management • Cost Accounting • Information Technology • Business & Corporate Laws CA . Abhishek Zaware B.Com., A.C.A. Teaching Experience : 16 Years Subjects : • Strategic Management • Business EthicsProf. S. S. Rajadhyaksha M. A. ( Economics ), MBA.
  • 43. ZPAPL – Teaching Faculty IPCC for IPCC Teaching Experience : 08 Years Subjects Taught: Taxation Auditing & Assurance CA . Manish Tardeja M.Com., F.C.A., DISA Teaching Experience : 9 Years Subject : • Business CommunicationProf.Mrs. Urmilla R. Zaware M. A., M.Phil
  • 44. IPCC Merit Rankers - SummarySummary for Nov 91 to May, 06 as follows:Year of Examination C.A. Foundation/ PE - I C.A. Intermediate/ PE - II C.A. FINAL November 1991 to 224 155 114 May 2006For the Period from November 2006 to Nov 2011 Year of Examination C.A. PE – I/CPT C.A. PE – II/PCC/IPCC C.A. FINAL 2006 8 4 - 2007 58 4 5 2008 - 6 1 2009 2 2 - 2010 6 3 - 2011 2 5 -
  • 45. IPCC IPCC Merit RankersPARANJPE ASMITA MANOHAR BAHETI PRATIK IPCC - May 2010 IPCC - May 2010 25th All India Merit Rank. 35th All India Merit Rank. AGRAWAL ADITYA SOHAN IPCC - May 2010 50th All India Merit Rank.
  • 46. IPCC IPCC Merit RankersAMEYA MAKARAND LONKAR AMARJEET GORAKSHANATH PAWAR IPCC - May 2011 IPCC - May 2011 3rd All India Merit Rank. 37th All India Merit Rank.ASHISH JAGMANDER GOEL DIVYANSHU MAHESH PATIDAR IPCC - May 2011 IPCC - May 2011 42nd All India Merit Rank. 50th All India Merit Rank.
  • 47. IPCC IPCC Merit RankersJAIN KUNAL DEVICHAND IPCC - Nov 2011 26th All India Merit Rank.
  • 48. IPCC – Subject Account IPCC Topers – Above 90 Marks Mr. Ashish Goel Mr. Kunal Jain Mr. Ameya Lonkar 98 Marks 95 Marks 94 MarksAll India Merit Rank No. 42 All India Merit Rank No. 3 Mr. Amarjeet Pawar Mr. Kunal Narwadkar 93 Marks 92 Marks All India Merit Rank No. 37
  • 49. IPCC – Subject Account IPCC Topers – Above 90 Marks Ms. Mrunmayee Limaye Mr. Ayaz Lalani 92 Marks 92 MarksMr. Bhuvanesh Kankani Mr. Riyaz Ahmed Ms. Siddhi Mandore 90 Marks 90 Marks 90 Marks
  • 50. IPCC – Subject Account IPCC Topers – Above 85 MarksMs. Sayali Salaskar Mr. Tejas Phadnis Mr. Karan Rathod 89 Marks 89 Marks 88 Marks Ms. Neha Balani Mr. Akshay Chavan 88 Marks 87 Marks
  • 51. IPCC – Subject Account IPCC Topers – Above 85 Marks Mr. Sachin Navare Ms. Dipti Kamat 87 Marks 87 Marks Mr. Smit VoraMr. Divyanshu Patidar 85 Marks 86 Marks
  • 52. IPCC Why to Join ONLY ZPA?We understand the change from CPT to IPCCand accordingly we have planned acomprehensive coaching strategy for IPCC.ZPA has planned a combined batch of all foursubjects of Group I together and separatebatches for Group II subjects. This batch will beconducted in the same way as the CPT batcheswere conducted. We recommend you to join thisBatch. 52
  • 53. IPCC Why to Join ONLY ZPA?At ZPA you will have the same team ofCore faculty members for IPCC who guidedyou in the successful completion of CPT.All the core faculties are dedicated ONLYAND ONLY towards teaching profession.We are committed to students on 24 x 7basis. 53
  • 54. IPCC Why to Join ONLY ZPA?We always believe in asking the question"Why?" during our teaching? We try todevelop the research attitude amongst thestudents, so that they can tackle thesituation on their own. This is an ultimatereward to the teacher. 54
  • 55. IPCC Why to Join ONLY ZPA?At IPCC student has to write the paper in adescriptive manner. We conduct weeklytests and evaluate not only theunderstanding of student but also hiswriting skills. We are proud to say that ZPAis the only academy to do this! 55
  • 56. IPCC Why to Join ONLY ZPA?We create our own study modules usingyears of experience and excellentknowledge of our faculty. We are theOriginators of study modules. We are notthe Copy-masters‘.No other coaching classes can come evenclose to the unmatched infrastructure ofZPA. As our student you will get all thebenefits of it including library facility. 56
  • 57. IPCC Why to Join ONLY ZPA?The success in first attempt of IPCC is verymuch important to decide your courseduration. Its the ball game / trade offbetween risk and return. We will enrichyou with requisite academic skills andconfidence to crack the exam in the firstattempt. 57
  • 58. IPCC Why to Join ONLY ZPA?We believe in the relationship of "Friend,Philosopher and Guide" between a facultyand student. We are here to support youat all times and to help to face allchallenges.We have created two generations ofChartered Accountants and we areawaiting you to join this coveted league. 58
  • 59. IPCC Why to Join ONLY ZPA?Matchless credentials: Totally in favour of conceptual clarity. Experience sharing by the faculty along with the concepts. Need based personal counseling. Unparalleled library. Updated and user friendly website – handy help for students’ information requirement. Dedicated blog for query solving. 59
  • 60. Special Features of ZPA at IPCC IPCCMantras in Financial ManagementFundas of CostingAudio Lectures for LawWorkbook for Accounting and AdvancedAccounting 60
  • 61. IPCC Why to Join ONLY ZPA?The brand ZPA reflects our core belief that,"Inspired Ideas and continuous Innovationwith top notch Quality is what teachingprofession is all about.“Join and continue experiencing ourdedication. You are in safe hands at ZPA;but you cant be so sure about others.JOIN THE DYNAMIC INNOVATORS ANDLEARN FROM LEARNEDS. 61
  • 62. IPCC ZPA ContactTelephone No. (020) 2453 6105, 2453 0586, 2453 0587.Mobile No. 9604 66 88 44.Website : www.zawaresacademy.comE-mail : admissions@zpapl.in 62
  • 63. IPCC Essential Qualities to become CA WATCH TIMEMAINTAIN SPEED HIT THE TARGET 63
  • 64. PERFECTThe Academy is a Professional educational center driving students to success through the path of PERFECTION P Punctuality E Effectiveness R Regularity F Firmness E Evaluation ( Self ) C Character T Time consciousness PERFECTION IS OUR GOAL
  • 65. IPCC . . . you have just enjoyed an experience of information; you have been introduced to a path of a glowing career. But this is not an end , it’s just the beginning . . . 65
  • 66. TRUE BEGINNING OF YOUR PROFESSIONAL CAREER