ICAI IPCC 2022 - Registration Process, Exam Dates, Fees & Eligibility

ICAI IPCC registration process 2022 has now begun, the Integrated Professional Competence Course (IPCC) is the intermediate level examination in the CA entrance exam conducted by the ICAI. All the aspirants clearing the CA foundation level exam are eligible for ICAI IPCC registration.

In India, all the chartered accountants will be a part of ICAI and make sure that all the companies of the country have fair accounts and pay the taxes appropriately. The recruitment of the new CAs is also done and controlled by ICAI.

ICAI IPCC Registration Process

If you complete a UG degree in commerce or other related subjects, you will have direct eligibility for IPCC without CPT. But a majority of the candidates choose the first way by clearing the CPT in 6 months or 1 year and getting to IPCC rather than spending 3 years in a UG course and then coming to IPCC.

The step-wise process of IPCC registration is as follows.

• Visit the official website of ICAI or you can visit Getmyuni as we will be updating the direct link for the application form on the official website once the notification is out.
• Click on the "Course registration forms" option, which will be under the student's section on the home page of the official website.
• The candidate has to first register himself by giving his details like Name, Gender, DOB, Email ID, Mobile number, etc.
• You will receive an OTP to the registered mobile number.
• You have to log in with the registered email address and OTP.
• Once you have logged in, you will get a form which will as for the following details: Father’s Name, Mother’s Name, Your complete address, City, Pin code, Category, Nationality
• After filling in all the above-mentioned details, the candidates will be asked to update soft copies of all the documents that are required.
• After the documents are updated, you will be asked for the payment of the registration fee.

IPCC Registration Fee

Once the IPCC registration fee is paid, the registration process will be completed. The candidates will be receiving the hall tickets and center codes shortly after the registration process.

The registration fee for the IPCC is given in the below table in a detailed way.

Details of Fees	Both Groups (INR)	Single Groups (INR)
Registration Fee	15000	11000
Student’s Activity Fee	2000	2000
Registration Fee as Article Assistant	1000	-
Total Fees	18000	13000

The registration fee for foreign students is given below.

Groups	Total Fees
Group 1/2	$600
Both Groups	$1,000

IPCC Eligibility

In order to sit for the examination, one must meet all the pointers in the criteria mentioned. If one fails to meet even one of the mentioned, you will be deemed unfit for the examination.

The IPCC can be done in two different ways.

• By clearing the Foundation level exam or CPT.
• By completing your UG degree course under the commerce stream.

• The candidates must have a minimum score of 55% in their UG courses.
• If the candidate has completed intermediate exams of courses like company secretaryship and cost accountancy are also eligible for this IPCC examination.
• The graduation or post-graduation must have at least three of any of the following subjects:
• Accounting
• Auditing
• Mercantile Laws
• Corporate Laws
• Economics
• Management (inc. Financial Management)
• Taxation (inc. Direct Tax Laws and Indirect Tax Laws)
• Costing, Business Administration or Management Accounting (or similar subjects with different nomenclatures)

IPCC Documents Required

Candidates from CPT have to upload a soft copy of the attested 12th mark sheet to submit the application form.

Here is the list of other documents that are required to be updated during the registration procedure.

• Any of the central government recognized exam pass certificates.
• The graduation students without CPT have to upload an attested soft copy of their graduation certificates
• A soft copy of the passport size photograph of the candidate
• An attested soft copy of nationality certificate in case, if the candidate is a foreigner.
• In case of any caste-based reservations, the candidate has to update an attested soft copy of SC/ST or OBC or Differently abled certificates.

IPCC Exam Dates

Due to the pandemic, the IPCC exam for the year 2021 was conducted on 6th July 2021, which was supposed to be conducted in May 2021. The Institution of Chartered Accountants of India (ICAI) has now been released.

Events	Dates
Application Release Date	21 February 2022
Application Last Date	13 March 2022
IPCC Group 1 Exam Date	15-22 May 2022
IPCC Group 2 Exam Date	24-30 May 2022

 IPCC Exam Pattern

The IPCC exam covers a total of 7 subjects. And these 7 subjects are divided into two groups respectively.

Below are the details of the IPCC exam pattern.

• The two groups include Group 1 and 2.
• Group 1 has 4 subjects and group 2 has 3 subjects.
• Accounting, Laws, ethics and communication, Cost accounting and Financial Management, and Taxation are the subjects in Group 1
• Advanced Accounting, Auditing and Assurance, and Information Technology and Strategic Management are subjects in Group 2.
• Group 1 is for a total of 400 marks with 100 marks for each subject. Candidates have to achieve at least 50% out of the total marks of 400 and also have to pass in each subject
• If the candidate passes in all the subjects but fails to 50% aggregate out of 400, the candidates have to give reattempt for all the 4 subjects.
• If the candidate achieves the 50% aggregate score but failed to pass in a single subject, then also the candidate have to reattempt all the subjects again.
• Group 2 is for the toa marks of 300 with each subject carrying 100 marks each.
• The conditions for group 2 are also the same as that of group 2.

Note: Candidates will have the option to attempt each group at a time and also to attempt both groups at once.

ICAI IPCC Updated Syllabus 2022

The exam contains 7 papers, and each paper is topic-specific. The papers are divided into two groups, papers 1 to 4 into group 1 and papers from 5 to 7 into group 2 respectively. Each paper carries 100 marks.

Listed below are the papers with topics.

• Paper 1: Accounting
• Paper 2: Business Laws, Ethics and Communication
• Paper 3: Cost Accounting and Financial Management
• Paper 4: Taxation
• Paper 5: Advanced Accounting
• Paper 6: Auditing and Assurance
• Paper 7: Information Technology and Strategic Management

Group 1

The matter covered under the syllabus of group 1 of CA IPCC 2022 are as listed:

Paper 1: Accounting

According to the IPCC syllabus 2022, the topics covered under the paper of Accounting are as listed:

1. A Fair Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards
2. Accounting Standards
3. Company Accounts
4. Average Due Date, Account Current, Self-Balancing Ledgers
5. Financial Statements of Not-for-Profit Organizations
6. Accounts from Incomplete Records
7. Accounting for Special Transactions
8. Issues in Partnership Accounts
9. Accounting in Computerized Environment

Paper 2: Business Laws, Ethics and Communication

According to the IPCC syllabus 2022, the topics covered under the paper of Business Laws, Ethics and Communication are as listed:

1. The Indian Contract Act, 1872
2. The Negotiable Instruments Act, 1881
3. The Payment of Bonus Act, 1965
4. The Employees’ Provident funds and Miscellaneous Provisions Act, 1952
5. The Payment of Gratuity Act, 1972
6. The Companies Act, 2013 ( Sections 1 to 122)
7. Introduction to Business Ethics
8. Environment issues
9. Ethics in Workplace
10. Ethics in Marketing and Consumer Protection
11. Healthy competition and protecting consumer’s interest
12. Ethics in Accounting and Finance
13. Elements of Communication
14. Communication in Business Environment
15. Basic understanding of legal deeds and documents

Paper 3: Cost Accounting and Financial Management

According to the IPCC syllabus 2022, the topics covered under the paper of Cost Accounting and Financial Management are as listed:

1. Introduction to Cost Accounting
2. Cost Ascertainment
3. Cost Book-keeping
4. Costing Systems
5. Introduction to Marginal Costing
6. Introduction to Standard Costing
7. Budget and Budgetary Control
8. Scope and Objectives of Financial Management
9. Time Value of Money
10. Financial Analysis and Planning
11. Financing Decisions
12. Types of Financing
13. Investment Decisions
14. Management of Working Capital

Paper 4: Taxation

According to the IPCC syllabus 2022, the topics covered under the paper of Taxation are as listed:

1. Important definitions in the Income-tax Act, 1961
2. Rates of taxes applicable for different types of assesses and basis of charge
3. Concepts of previous year and assessment year
4. Scope of total income and residential status
5. Income deemed to be received
6. Deemed to accrue or arise in India
7. Incomes that are not a part of total income, i.e., except political parties, charitable trusts or institutions, and electoral trusts
8. Aggregation of income; Set-off or carry forward and set-off of losses
9. Deductions from gross total income
10. Computation of total income and tax liability of individuals
11. Provisions concerning advanced tax and deductions at source
12. Provisions for filing of return of income.
13. Concept of indirect taxes
14. Goods and Services Tax (GST) Laws

Group 2

The topics covered in the syllabus of group 2 of CA IPCC 2022 are as listed:

Paper 5: Advanced Accounting

According to the IPCC syllabus 2022, the topics covered under the paper of Business Laws, Ethics and Communication are as listed:

1. Framework for Presentation and Preparation of Financial Statements
2. Accounting Standards
3. Advanced Issues in Partnership Accounts
4. Issues Related to Accounting in LLP, the Limited Liability Partnerships
5. Company Accounts
6. Accounting for Special Transactions

Paper 6: Auditing and Assurance

According to syllabus of CA IPCC 2022, the topics covered under the paper of Auditing and Assurance are as listed:

1. Auditing Concepts
2. Standards on Auditing and Guidance Notes
3. Auditing Engagement
4. Documentation
5. Audit Evidence
6. Internal Control
7. Internal Control and Computerized Environment
8. Approaches to Auditing
9. Auditing Sampling
10. Audit of Payments
11. Audit of Receipts
12. Audit of Sales
13. Audit of the Impersonal Ledger
14. Audit of Assets and Liabilities
15. Company Audit
16. Audit of Shares
17. Audit Report
18. Basic Principles of a Government Audit

Paper: 7 Information Technology and Strategic Management

According to the syllabus of the CA IPCC exam 2022, the topics covered under the paper of Information Technology and Strategic Management are as listed:

1. Business Process Management & IT
2. Information Systems and IT Fundamentals
3. Telecommunication and Networks
4. Business Information Systems
5. Business Process Automation through Application software
6. Business Environment
7. Business Policy and Strategic Management
8. Strategic Analysis
9. Strategic Planning
10. Formulation of Functional Strategy
11. Strategy Implementation and Control
12. Reaching Strategic Edge

What is IPPC?

ICAI refers to the Institute of Chartered Accountants in India. This institute is a government body that looks after and controls all the chartered accountants in the country. The CA exams are categorized based on the level of the subject that they test in a candidate.

The course of CA is very different from other courses. It course does not follow the semester system and does not have a fixed period to complete the course. The CA course in India is considered to be one of the toughest courses to crack. The candidates are filtered, based on three levels of exams that the ICAI conducts two times a year. These exams are considered to be very tough and a lot of students with commerce backgrounds appear in these exams.

Let us now look at the types of tests that the candidates have to go through to become a CA in India

• Foundation level examination
• Intermediate level examination
• CA Final Exam

The foundation level exam is also known as CPT and the intermediate is also popularly known as IPCC.