IPCC Full Form - What is the Full Form of IPCC?

ICAI full form is the Institute of Chartered Accountants of India which powers the Chartered Accountant courses in India, ranging from seminars and articles to exam exercises and training schedules set down the protocols. IPCC, full form of which is Integrated Professional Competence Course, is a program run and administered by the Chartered Accountants. The study materials, the course curriculum and the issues described in the book modules are given from the institute itself. The quality is assured and the knowledge is packed full of solid materials and are comprehensive yet simple to grasp. The difficulty level of IPCC is a bit more than CPT (first level of CA exam). 

IPCC Full Form

IPCC full form is Integrated Professional Competence Course(IPCC) which is the second step to the CA, full form of which is Chartered Accountancy program. As mentioned above, it's administered by the institute known as ICAI. After completing the program, the candidates are then qualified to proceed to the next phase or the final course of Chartered Accountancy. As an intermediate curriculum, it helps the students to obtain a practical understanding of the core and sub-core disciplines involved in CA, which takes approx 9 months of training before taking the exam. As of July 2017, the IPCC exam was restored as the CA intermediate exams. The synopsis of the ICAI exam saw numerous major changes, including its subject structure. The changes were done to simply add depth to the subjects with minor deletions and additions followed by. However, the choice to opt for either one or two groups of papers when writing this exam is still prevalent.

Highlights on IPCC

CA IPCC Details

The Institute of Chartered Accountants of India (ICAI) organizes two different levels of Chartered Accountancy Exams. They are

1. CA Foundation
2. CA Integrated Professional Competence Course (IPCC)

IPCC Syllabus

The syllabus of the CA IPCC exam is meticulously designed to measure the skills of aspirants and evaluate their knowledge in the discipline of Accounting. There lies a total of 7 subjects at this level which are bifurcated under 2 groups. The students have to clear both groups to move onto the next level of becoming CA.

The core topics according to the subjects are listed below:

Examination Details of IPCC

The IPCC curriculum includes both theoretical and practical learning. In this course, an applicant has to study seven papers that are divided into two categories. The first category is composed of 4 subjects. The second group consisted of 3 subjects. All the subjects of the first and second categories are relevant to the Accountancy profession. A total of 200 marks in group 1 and 150 scores in group 2 are required to clear a class. The papers of both the group are mentioned below:

Papers of group 1

• Accounting subject – 100 marks
• Law – 60 marks
• Ethics – 20 marks
• Communication – 20 marks
• Cost Accounting – 50 marks
• Financial Management – 50 marks
• Income Tax – 50 marks
• Indirect Tax – 50 marks

Papers of group 2

• Advanced Accounting – 100 marks
• Auditing & Assurance – 100 marks
• Information Technology – 50 marks
• Strategic Management – 50 marks

After successfully clearing IPCC Group 1, you can be contracted as an articled Chartered Accounting Assistant for which the work you put in will earn you at least INR 3,000 to INR 4,000 per month or even INR 8,000 to INR 15,000 in some cases. However, the stipend depends from company to company and the position of hiring. However, working experience is crucial for your self-development as a CA applicant. Therefore, the financial amount you're receiving shouldn't be your focus here at all. Of course, there lies an exception if you're hired in one of the Big Fours- Deloitte, Ernst & Young, KPMG and PwC. The salary structure and job role will also be higher and enhanced.

As for training, there are many private institutes/coaching centers that provide their expertise on CA IPCC and make the preparation process structured and guided.

IPCC Full Form in Environment

The IPCC full form in the environment is the Intergovernmental Panel on Climate Change. It is the United Nations body which came into effect to evaluate the science related to Global Climate Change. The IPCC is responsible for preparing thorough evaluation reports of the countries regarding the loopholes in managing the environment. The evaluation report is based on scientific, socio-economic and technical knowledge and research on climate change, including impacts and future risks of climate change on biodiversity. Moreover, IPCC is responsible for providing special reports and methodology reports that includes well-structured guidelines for preparing greenhouse gas inventories on climate topics which are accepted by its member governments.