1) Course equivalency determines how a course from one college relates to a course from another college based on intended learning outcomes and graduate profile. 2) For foreign nursing qualifications to be considered equivalent in India, the foreign university must fill out a transcript form which is reviewed by an equivalency committee. 3) A transcript is a record of all courses taken and grades received that makes up a student's academic record. It allows assessment of course equivalency and is used for applications and career development.