Icai ignou tie up (fiirst year or final year)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 September 2014 I had a enquiry relating to the status of the student who is registered under bcom (a&f) of ICAI-IGNOU MOU,according to information the student has an exemption of 64 credits and has to appear for 32 credits,so will the student considered in the first year of the course or the final year of graduation

Nikhil Kaushik

Nikhil Kaushik (Expert)
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26 September 2014 the course has not been structured in the manner to define first, second or third year. It just requires that you appear in certain papers held by IGNOU and get credits for other based on CPT and IPCC marks

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2014 Actually sir for cfa level 1 reg one has to be in the final year of graduation...so at this stage that is before appearing in the exam ...will i b considered in the final year

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Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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28 July 2024 The ICAI-IGNOU MOU (Memorandum of Understanding) allows Chartered Accountancy (CA) students to earn a Bachelor of Commerce (B.Com) degree through IGNOU, leveraging their CA coursework. Here's a breakdown of how this impacts your status regarding your graduation year and eligibility for other exams like the CFA Level 1.

### **1. Status of ICAI-IGNOU MOU Students**

#### **Credit Exemptions and Course Standing**
- **Credit Exemptions**: Under the ICAI-IGNOU MOU, CA students are granted exemptions for certain credits based on their CA coursework. For example, you mentioned an exemption of 64 credits, with 32 credits required to complete.
- **Year Classification**: Even though you have exemptions and only need to complete a portion of the course, your status in terms of graduation year depends on the remaining coursework and IGNOU’s classification.

#### **Final Year Status**
- **Completion Status**: If you have completed your required coursework and have only a few credits left, you may be considered in the final year of your graduation, provided you meet all other criteria set by IGNOU.
- **Enrolled Status**: You would typically be classified based on the total credits completed and your current standing in the program. Check with IGNOU for precise definitions and how they classify students nearing completion.

### **2. Eligibility for CFA Level 1**

The CFA Institute generally requires candidates to be in their final year of undergraduate studies or have completed their degree. Here’s how your status might align:

#### **Requirements for CFA Level 1**
- **Final Year Enrollment**: To register for the CFA Level 1 exam, you need to be in the final year of your undergraduate program or have already completed your degree.
- **IGNOU-ICAI Status**: If, according to IGNOU, you are classified as being in your final year due to your nearing completion of the B.Com degree with only a few credits remaining, you might be eligible to register for the CFA Level 1 exam.

### **3. Steps to Confirm Your Status**

#### **A. Contact IGNOU**
- **Official Confirmation**: Contact IGNOU directly to confirm your status within the B.Com program. Explain your situation and ask if you are considered to be in your final year or what the official classification is.

#### **B. Verify with CFA Institute**
- **Eligibility Verification**: Reach out to the CFA Institute to verify your eligibility based on the information from IGNOU. Provide them with the details about your credit exemptions and remaining coursework.

### **4. Summary**

- **IGNOU Classification**: You need to confirm with IGNOU whether you are considered in the final year of your B.Com program based on your remaining credits.
- **CFA Registration**: Once you have confirmation from IGNOU, you can verify with the CFA Institute if you meet their eligibility criteria for the Level 1 exam.

By clarifying your status with both IGNOU and the CFA Institute, you can ensure that you meet all the requirements for your desired examination and academic progression.

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