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1 IPCC Introductory Lecture 8 th July 2012

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Page 1: Information Lecture for IPCC

1

IPCC Introductory Lecture

8th July 2012

Page 2: Information Lecture for IPCC

IPCCIPCC

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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 ”

Page 3: Information Lecture for IPCC

IPCCIPCC Road Map

Part I: Understanding IPCC Scheme

Part II: How to prepare for IPCC?

Part III: IPCC at ZPA.

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Page 4: Information Lecture for IPCC

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Part

1Understanding IPCC

Scheme

Page 5: Information Lecture for IPCC

IPCCIPCCNew Scheme of Education & Training

ICAI periodically reviews the scheme of CA Course to remain in tandem with national and global developments.Evolving business demands newer skills from Accounting professionals.Accordingly ICAI has revamped the existing scheme and new scheme is introduced w.e.f. 10th Dec. 2008.

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Page 6: Information Lecture for IPCC

IPCCIPCC New Scheme in Brief

1. 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

Hours 5. 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.

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Page 7: Information Lecture for IPCC

IPCCIPCCWhy New Scheme is launched by ICAI?

Student should be equipped with the sound theoretical knowledge before commencement of Articleship so that practical training becomes effective.Orientation & Information Technology Training before Articleship will enable student to sharpen the soft skills and IT skills during Articleship.

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Page 8: Information Lecture for IPCC

IPCCIPCCEligibility for Registration for IPCC

Student has passed 10 + 2 ExamStudent has passed CPT

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Page 9: Information Lecture for IPCC

IPCCIPCC Subjects for IPCC

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Group Subjects Marks

I Accounting 100

Law, Ethics and Communication 100

Cost AccountingFinancial Management

5050 100

TaxationPart I :Income taxPart II: Service tax and VAT

5050 100

II Advanced Accounting 100

Auditing and Assurance 100

Information Technology and Strategic ManagementSection A: Information TechnologySection B: Strategic Management

5050 100

Total 700

Page 10: Information Lecture for IPCC

IPCCIPCC

Requirement for 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.

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Last Date of Registration for IPCC May 2013 Exam: 31st July 2012

Page 11: Information Lecture for IPCC

IPCCIPCCPassing Criteria for IPCC

If Student appears for Both Groups simultaneously:A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of Both Groups AND Minimum 50% marks in the aggregate of all the papers of both Groups taken together.

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Page 12: Information Lecture for IPCC

IPCCIPCCPassing Criteria for IPCC

Alternatively Student can clear Group I and then register for Articleship and clear Group II During Articleship:A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of the Group I AND Minimum 50% marks in the aggregate of all the papers of that Group.

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Page 13: Information Lecture for IPCC

IPCCIPCCExample – Student Appearing for Both Groups

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Group

Paper

Subject Marks Group Total

I 1 Accounting 65

2 Law, Ethics and Communication

45

3 Cost Accounting and Financial Management

45

4 Taxation 50 205

II 5 Advanced Accounting 55

6 Auditing and Assurance 50

7 Information Technology and Strategic Management

40 145

Grand Total 350

Percentage Marks 50%Result: Passed Both Groups of IPCC

Page 14: Information Lecture for IPCC

IPCCIPCCExample – Student Appearing for Group I

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Group

Paper

Subject Marks Group Total

I 1 Accounting 65

2 Law, Ethics and Communication

40

3 Cost Accounting and Financial Management

45

4 Taxation 50 200

Result: Passed Group I of IPCC

Page 15: Information Lecture for IPCC

IPCCIPCCWhether Student Should appear for Both Groups or Group I?

ZPA Recommends the Students to Opt for Both 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.

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Page 16: Information Lecture for IPCC

IPCCIPCCWhether Student Should appear for Both Groups or Group I?

3. After commencement of Articleship it may

be difficult to find the time for Group II

preparation along with Graduation &

Articleship.

4. 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.

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Page 17: Information Lecture for IPCC

IPCCIPCCWhether Student Should appear for Both Groups or Group I?

A Student should consider the ability to do hard work, capabilities, own skills, firmness, belief in self etc. while taking the decision.We believe that each Student is intelligent and has ability to crack the exam. Believe in yourself.

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Page 18: Information Lecture for IPCC

IPCCIPCC

100 Hours of Information Technology Training

The 100 Hours IT Training is provided by the ICAI

through the branches of ICAI.

The registration for ITT should be made at the time

of Registering for IPCC. However enrollment of

coaching is to be done separately with local branch

of ICAI.

ICAI Provides the Course Material. The training is

given by ICAI for 20/25 days for 5/4 Hours per day.

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Page 19: Information Lecture for IPCC

IPCCIPCC

100 Hours of Information Technology Training

Tuition Fees payable to Regional Office / Branch for 100 Hours of ITT (It is separate from 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

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Page 20: Information Lecture for IPCC

IPCCIPCCSyllabus for 100 Hours of ITT

Computer FundamentalsMS-Office including Data BasesAccounting PackageComputer Aided Audit TechniquesWeb TechnologyDigital Signature

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The Syllabus of ITT and Paper 7A: Information Technology is totally different.

Page 21: Information Lecture for IPCC

IPCCIPCCOrientation Programme

Orientation Programme is to be complete before commencement of articleship. The Program will be conducted by ICAI for One Week for 35 Hours. Fees ` 3,000.The Program Covers following areas Personality Development Communication skills Office Procedures Business Environment General Commercial Knowledge.

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Page 22: Information Lecture for IPCC

IPCCIPCCAccounting Technician Course (ATC)

It is a mid level Certificate Course newly Launched by the ICAI. A student will get degree of Accounting Technician 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.

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Page 23: Information Lecture for IPCC

IPCCIPCCAccounting Technician Course (ATC)

On Completion of Articleship training of 12 months Accounting Technician Certificate is issued. It is not included in 3 years of Articleship. Student will have to do training in addition to 3 years. ATC Qualification is separate from CA Qualification. We recommend doing CA and not to register for ATC.

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Page 24: Information Lecture for IPCC

IPCCIPCC

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Articleship

To begin Articleship student should pass Group I (not necessarily Both Groups) of IPCC and should have completed ITT of 100 Hours & Orientation Programme.The unique requirement of practical training is instrumental in Shaping a well rounded professional.Total Duration: 3 years.Last 1 year student can join for Industrial Training.Stipend is paid during the Articleship period.

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IPCCIPCC

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Attribute developed during Articleship

Inculcates a disciplined attitude for hard work.

Develops necessary skills in applying

theoretical knowledge to practical situations.

Provides exposure to overall socio – economic

environment in which organisations operate.

Develops ethical values.

Page 26: Information Lecture for IPCC

IPCCIPCC

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Articleship – Work experience

Accounting

Auditing (including internal audit)

Taxation (Direct and Indirect)

Information technology

Management Consultancy

Other areas

Page 27: Information Lecture for IPCC

IPCCIPCC

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Articleship – Minimum Monthly Stipend

No.

City Classification

Stipend Payable

1st Year

`

2nd Year

`

3rd Year

`1 Population of 20 Lakhs

& above1000 1250 1500

2 Population of 4 Lakhs & Above

750 1000 1250

3 Population less than 4 lakhs

500 750 1000

In Pune Stipend is paid within the range of ` 1500 – 2500 – 3000 p.m.

in the 1st, 2nd & 3rd year respectively.

Page 28: Information Lecture for IPCC

IPCCIPCCPermission to Pursue other Courses during Articleship

An Articled Assistant cannot pursue any other course without the permission of ICAI. ICAI gives permission only for One Course (e.g. Graduation) on submission of Form No. 112 by the Student. This form is required to be submitted on commencement of Articleship.

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Page 29: Information Lecture for IPCC

IPCCIPCCICAI Registration Fees for 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

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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.

Page 30: Information Lecture for IPCC

IPCCIPCC C.A. Final Course

A Student has to register for C.A. Final Course on passing the Both Groups of IPCC.However he can appear for exam only on completion of 2 ½ years of Articleship. C.A. Final has 8 Subjects divided into 2 Groups. Passing requirements are same as IPCC.

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Page 31: Information Lecture for IPCC

IPCCIPCCGeneral Management & Communication Skills (GMCS)

GMCS aims at equipping the student with presentation skills, Inter personal skills, Group discussion skills etc. The Council has decided that GMCS Programme, presently being organized for 15 days for the CA students should be organized twice during the period of articled 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.

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Page 32: Information Lecture for IPCC

IPCCIPCCSummarising New Scheme through time Schedule

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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 2016

Complete GMCS I & II

IPCC Group II Exam Nov 2013 (If not cleared earlier)

C.A. Final Exam – May 2016

Page 33: Information Lecture for IPCC

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Part

2How to prepare for

IPCC?

Page 34: Information Lecture for IPCC

IPCCIPCCHow to Prepare for IPCC?

There is change from Objective Type examination to Descriptive examination. It needs some special strategy from students side. At ZPA we are here to prepare our students to take on this change. Here are some tips to prepare for IPCC Examination. Read on!

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Page 35: Information Lecture for IPCC

IPCCIPCCHow 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.

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Page 36: Information Lecture for IPCC

IPCCIPCCHow to Prepare for IPCC?

3. 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.

4. 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.

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Page 37: Information Lecture for IPCC

IPCCIPCCHow to Prepare for IPCC?

5. 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!

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Page 38: Information Lecture for IPCC

IPCCIPCCHow to Prepare for IPCC?

6. 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.

7. 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.

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Page 39: Information Lecture for IPCC

IPCCIPCCHow to Prepare for IPCC?

8. 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.

9. Do appear in Mock test series conducted at the end. It helps in understanding your weak points and gives scope for improvement.

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Page 40: Information Lecture for IPCC

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Part

3IPCC at ZPA.

Page 41: Information Lecture for IPCC

IPCCIPCC

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ZPAPL – An Institution

Pioneer Institute in Pune City for rendering effective Coaching Services for Chartered Accountancy Course since last 38 years. [Date of Establishment - 14.1.1973]

Silver Jubilee celebrated on 18.9.1997

Founder of the Academy : Prof. CA S. B. Zaware ( B. Com., F. C. A. )

Courses Offered :CPT IPCCFinal

Page 42: Information Lecture for IPCC

IPCCIPCCZPAPL – Teaching Faculty for IPCC

Prof. S. S. Rajadhyaksha M. A. ( Economics ), MBA.

Teaching Experience : 16 YearsSubjects :• Strategic Management• Business Ethics

CA . Abhishek Zaware B.Com.,

A.C.A.

Teaching Experience : 5 YearsSubjects :• Accounting and Advanced

Accounting• Financial Management• Cost Accounting• Information Technology• Business & Corporate Laws

Page 43: Information Lecture for IPCC

IPCCIPCCZPAPL – Teaching Faculty for IPCC

Teaching Experience : 9 YearsSubject :• Business Communication

Prof.Mrs. Urmilla R. ZawareM. A., M.Phil

Teaching Experience : 08 Years Subjects Taught:   Taxation    Auditing & Assurance

CA . Manish TardejaM.Com., F.C.A., DISA

Page 44: Information Lecture for IPCC

IPCCIPCCMerit Rankers - Summary

Year of Examination C.A. Foundation/ PE - I C.A. Intermediate/ PE - II C.A. FINAL

November 1991to

May 2006224 155 114

Summary for Nov 91 to May, 06 as follows:

For 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 -

Page 45: Information Lecture for IPCC

IPCCIPCC IPCC Merit Rankers

PARANJPE ASMITA MANOHAR IPCC - May 2010

25th All India Merit Rank.

BAHETI PRATIKIPCC - May 2010

35th All India Merit Rank.

AGRAWAL ADITYA SOHANIPCC - May 2010

50th All India Merit Rank.

Page 46: Information Lecture for IPCC

IPCCIPCC IPCC Merit Rankers

AMEYA MAKARAND LONKAR IPCC - May 2011

3rd All India Merit Rank.

AMARJEET GORAKSHANATH PAWAR IPCC - May 2011

37th All India Merit Rank.

ASHISH JAGMANDER GOELIPCC - May 2011

42nd All India Merit Rank.

DIVYANSHU MAHESH PATIDARIPCC - May 2011

50th All India Merit Rank.

Page 47: Information Lecture for IPCC

IPCCIPCC IPCC Merit Rankers

JAIN KUNAL DEVICHAND IPCC - Nov 2011

26th All India Merit Rank.

Page 48: Information Lecture for IPCC

IPCCIPCCIPCC – Subject Account Topers – Above 90 Marks

Mr. Ashish Goel98 Marks

All India Merit Rank No. 42

Mr. Ameya Lonkar94 Marks

All India Merit Rank No. 3

Mr. Amarjeet Pawar93 Marks

All India Merit Rank No. 37

Mr. Kunal Jain95 Marks

Mr. Kunal Narwadkar92 Marks

Page 49: Information Lecture for IPCC

IPCCIPCCIPCC – Subject Account Topers – Above 90 Marks

Mr. Bhuvanesh Kankani90 Marks

Mr. Riyaz Ahmed90 Marks

Ms. Siddhi Mandore90 Marks

Ms. Mrunmayee Limaye92 Marks

Mr. Ayaz Lalani92 Marks

Page 50: Information Lecture for IPCC

IPCCIPCCIPCC – Subject Account Topers – Above 85 Marks

Ms. Sayali Salaskar89 Marks

Mr. Tejas Phadnis89 Marks

Mr. Karan Rathod88 Marks

Ms. Neha Balani88 Marks

Mr. Akshay Chavan87 Marks

Page 51: Information Lecture for IPCC

IPCCIPCCIPCC – Subject Account Topers – Above 85 Marks

Mr. Sachin Navare87 Marks

Ms. Dipti Kamat87 Marks

Mr. Divyanshu Patidar86 Marks

Mr. Smit Vora85 Marks

Page 52: Information Lecture for IPCC

IPCCIPCC Why to Join ONLY ZPA?

We understand the change from CPT to IPCC and accordingly we have planned a comprehensive coaching strategy for IPCC.ZPA has planned a combined batch of all four subjects of Group I together and separate batches for Group II subjects. This batch will be conducted in the same way as the CPT batches were conducted. We recommend you to join this Batch.

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Page 53: Information Lecture for IPCC

IPCCIPCC Why to Join ONLY ZPA?

At ZPA you will have the same team of Core faculty members for IPCC who guided you in the successful completion of CPT. All the core faculties are dedicated ONLY AND ONLY towards teaching profession. We are committed to students on 24 x 7 basis.

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Page 54: Information Lecture for IPCC

IPCCIPCC Why to Join ONLY ZPA?

We always believe in asking the question "Why?" during our teaching? We try to develop the research attitude amongst the students, so that they can tackle the situation on their own. This is an ultimate reward to the teacher.

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Page 55: Information Lecture for IPCC

IPCCIPCC Why to Join ONLY ZPA?

At IPCC student has to write the paper in a descriptive manner. We conduct weekly tests and evaluate not only the understanding of student but also his writing skills. We are proud to say that ZPA is the only academy to do this!

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Page 56: Information Lecture for IPCC

IPCCIPCC Why to Join ONLY ZPA?

We create our own study modules using years of experience and excellent knowledge of our faculty. We are the 'Originators' of study modules. We are not the 'Copy-masters‘.No other coaching classes can come even close to the unmatched infrastructure of ZPA. As our student you will get all the benefits of it including library facility.

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Page 57: Information Lecture for IPCC

IPCCIPCC Why to Join ONLY ZPA?

The success in first attempt of IPCC is very much important to decide your course duration. Its the ball game / trade off between risk and return. We will enrich you with requisite academic skills and confidence to crack the exam in the first attempt.

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Page 58: Information Lecture for IPCC

IPCCIPCC Why to Join ONLY ZPA?

We believe in the relationship of "Friend, Philosopher and Guide" between a faculty and student. We are here to support you at all times and to help to face all challenges.We have created two generations of Chartered Accountants and we are awaiting you to join this coveted league.

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Page 59: Information Lecture for IPCC

IPCCIPCC 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.

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Page 60: Information Lecture for IPCC

IPCCIPCCSpecial Features of ZPA at IPCC

Mantras in Financial Management

Fundas of Costing

Audio Lectures for Law

Workbook for Accounting and

Advanced Accounting

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Page 61: Information Lecture for IPCC

IPCCIPCC Why to Join ONLY ZPA?

The brand ZPA reflects our core belief that, "Inspired Ideas and continuous Innovation with top notch Quality is what teaching profession is all about.“Join and continue experiencing our dedication. You are in safe hands at ZPA; but you can't be so sure about others.JOIN THE DYNAMIC INNOVATORS AND LEARN FROM LEARNEDS.

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Page 62: Information Lecture for IPCC

IPCCIPCC

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ZPA Contact

Telephone No. (020) 2453 6105, 2453 0586, 2453 0587.

Mobile No. 9604 66 88 44.

Website : www.zawaresacademy.com

E-mail : [email protected]

Page 63: Information Lecture for IPCC

IPCCIPCC

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Essential Qualities to become CA

WATCH TIMEWATCH TIME

MAINTAIN SPEEDMAINTAIN SPEED

HIT THE TARGETHIT THE TARGET

Page 64: Information Lecture for IPCC

PERFECTPERFECTThe Academy is a Professional educational centerdriving students to success through the path of

' PERFECTION '

PERFECTION IS OUR GOAL

PER

EF

CT

Punctuality

Effectiveness

Regularity

Evaluation ( Self )

Firmness

Character

Time consciousness

Page 65: Information Lecture for IPCC

IPCCIPCC

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. . . 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 . . .

Page 66: Information Lecture for IPCC

TRUE BEGINNING OF YOUR

PROFESSIONAL CAREER

.