Common Proficiency Test

It is an entry level test for Chartered Accountancy Course. It is a test of four subjects i.e., Accounting, Mercantile Laws, General Economics and Quantitative Aptitude with an objective to test basic knowledge in these subject areas.

This test is of 200 marks. This test is divided into two sessions of two hours each with a break in between. CPT is an objective type test with negative marking. Subjects to be studied in CPT are as follows:

SESSION – I (Two Sections – Two hours – 100 Marks)
             • Section A: Fundamentals of Accounting (60 Marks)
             • Section B: Mercantile Laws (40 Marks)
SESSION – II (Two Sections – Two hours – 100 Marks)
             • Section C: General Economics ( 50 Marks )
             • Section D: Quantitative Aptitude ( 50 Marks )

Integrated Professional Competence Course (IPCC)

This is first stage of the chartered accountancy curriculum wherein only working knowledge of core and allied subjects of accountancy profession is covered.
 
It is scheduled to improve knowledge and to build a strong foundation in the fields of Accountancy, Business Ethics, Corporate governance, Direct Tax, Audit and Assurance, Cost Accounting and Financial Management and Information Technology

Subjects covered in IPCC:

Group I
Paper 1:Accounting (100 marks)
Paper 2:Law, Ethics and Communication
Part I: Law (60 marks)
Business Laws (30 marks)
Company Law (30 marks)
Part II: Business Ethics (20 marks)
Part III: Business Communication (20 marks)
Paper 3:Cost Accounting and Financial Management
Part I: Cost Accounting (50 marks)
Part II: Financial Management (50 marks)
Paper 4:Taxation
Part I: Income-tax (50 marks)
Part II: Service Tax (25 marks) and
VAT (25 marks)

Group II
Paper 5: Advanced Accounting (100 marks)
Paper 6:Auditing and Assurance (100 marks)
Paper 7: Information Technology and Strategic Management
Section A: Information Technology (50 marks)
Section B: Strategic Management (50 marks)

Final (New) Course

The Final course covers the advanced application knowledge of core and allied subjects to accountancy profession .After passing IPCC/PCC, a student should register with the Board of Studies in the prescribed Form and collect Study Materials of the Final Course, and prepare for the Final Examination.

A candidate shall be admitted to the Final Examination, if he has passed the IPCC/ PCC and has completed the articled training of 3½ years or equivalent audit training on or before the last day of the month preceding the month in which the examination is held.

Subjects covered in Final (New) Course:

Group – I
Paper 1: Financial Reporting
Paper 2: Strategic Financial Management
Paper 3: Advanced Auditing and Professional Ethics
Paper 4: Corporate and Allied Laws
Section A: Company Law (70 Marks)
Section B: Allied Laws (30 Marks)

Group – II
Paper 5: Advanced Management Accounting
Paper 6: Information Systems Control and Audit
Paper 7: Direct Tax Laws
Paper 8: Indirect Tax Laws
Section A: Central Excise (40 Marks)
Section B: Service Tax & VAT (40 Marks)
Section C: Customs (20 Marks)

100 Hours Information Technology Training (ITT)

• The training component focuses on application softwares relevant for accounting and auditing. In addition, knowledge of Electronic Spread Sheet, Data base Management System, Web-technology and System Security and Maintenance are strengthened.

• The 100 Hours ITT should commence only after a student gets registered for IPCC/PCC and articled training and develop a primary knowledge about the training component of chartered accountancy education and training scheme. Therefore, 100 Hours ITT would commence only after expiry of at least three months of practical training. The 100 Hours ITT is moduled in 20 days @ five hours per day on full time basis. Students will be treated on duty under practical training for undergoing 100 Hours ITT and three hours of final examination for 100 Hours ITT on making proper application to their Principal.
  

http://icai.org/post.html?post_id=4524
http://icai.org/resource_file/9552overview_courses.pdf