Ipcc practical training

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2015 Hi

I want to join in IPCC under direct scheme of CA and completed my graduation in 2008 in B Com honours with 54% and did my post graduate in Retail management with 61% in 2010 under Retailers Association of India from NSHM college, does it valid for take direct admission in IPCC courses and to appear in IPCC examination you need to complete 9 months practical training but I currently working in a private company so how would I go ahead with this course, please suggest on this.

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2015 Hi I want to join in IPCC under direct scheme of CA and completed my graduation in 2008 in B Com honours with 54% and did my post graduate in Retail management with 61% in 2010 under Retailers Association of India from NSHM college, does it valid for take direct admission in IPCC courses and to appear in IPCC examination you need to complete 9 months practical training but I currently working in a private company so how would I go ahead with this course, please suggest on this.

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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01 August 2024 To join the CA IPCC under the direct entry scheme, here's a breakdown of the requirements and how you can proceed given your background and current employment situation:

### **Eligibility for Direct Entry to IPCC**

1. **Educational Qualification:**
- You are eligible to join the CA IPCC under the direct entry scheme because you have completed your graduation with more than 55% marks (54% for general category is considered insufficient, but 61% in your post-graduate course compensates for this in practical terms).

2. **Practical Training:**
- **Requirement:** For the CA IPCC exams, you need to complete 9 months of practical training (articleship) before appearing for the exams.
- **Articleship:** You can start your articleship with a registered CA firm. The training needs to be completed under the supervision of a Chartered Accountant who is a member of the ICAI (Institute of Chartered Accountants of India).

### **Steps to Proceed**

1. **Register for CA IPCC:**
- **Submit Application:** Complete the registration process for the CA IPCC with the ICAI. Ensure you meet the eligibility criteria and submit all required documents.
- **Document Submission:** You may need to provide your graduation and post-graduate certificates, along with any other documents specified by ICAI.

2. **Start Articleship:**
- **Find a CA Firm:** Look for a Chartered Accountant firm where you can begin your practical training. You can apply to firms through job portals, CA associations, or direct applications.
- **Articleship Registration:** Once you secure a position, ensure the firm registers your articleship with ICAI.

3. **Handling Your Current Job:**
- **Transition:** If you are currently working in a private company, you will need to transition to working in a CA firm for your articleship. Many candidates switch jobs or adjust their schedules to meet the CA articleship requirements.
- **Part-Time Options:** If your current job has flexibility, check if you can manage your articleship and work simultaneously, though this may be challenging.

4. **Preparation for Exams:**
- **Study Materials:** Begin studying for the IPCC exams using ICAI study materials, reference books, and possibly coaching classes if needed.
- **Exam Planning:** Plan your exam attempt based on when you complete the required practical training. For instance, if you start articleship now, you may aim for exams in November 2024 or beyond, depending on your completion of the training.

### **Additional Tips**

- **Networking:** Connect with other CA students and professionals to gain insights and advice.
- **Time Management:** Balance your articleship and preparation efficiently to ensure you meet all requirements.

By following these steps, you can successfully join the IPCC under the direct entry scheme and complete the required practical training to become a Chartered Accountant.

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