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Confused!

Kumar Gaurav (Going...to be C.A soon...) (1624 Points)

18 June 2010

Hello 2 everyone

I am confused ..............i am pe-2 student , have clrd 1st group.........second is pending.........still confused whether get maself register for IPCC-Nov 10 exams on shud wait for annoucement from the ICAI?

waiting 4 annoucement...........will waste my time for next attempt..........so pl. advise shud i start ma preparation right now ............for income tax, costing, FM and IT..........bcoz if there is some relaxation for PE-2 comes from ICAI it will save ma time money..............or shud i study for Service tax/VAT/SM also.

Shud i studied it from PE-2 books ?

Pl. advise me

Thanks in advance

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11 Replies

Devi Kala (Chartered Accountant) (359 Points)
Replied 18 June 2010

When institute extended PE II attempt last time, it has strictly specified in the announcement that PE II attempts will not be extended further for any reason... So according to me, U can opt to switch over...

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 18 June 2010

First correct line behind your name....

Use Going...to be CA soon... in place of Still....Not a C.A.

No need to depend on ICAI announcements....switch over is a good option for you and do not be afraid to extra study...your previous experience will definitely help you.

Just be happy and think positive.

All the Best

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Kumar Gaurav (Going...to be C.A soon...) (1624 Points)
Replied 18 June 2010

Thanks Sir! ! !

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 18 June 2010

Tell me honestly are you feeling good after changing the line...or not...

Am very sure right now you must be feeling good with lots of self confidence and positive energy.

Rahul Bansal (Finalist) (35929 Points)
Replied 18 June 2010

Gaurav,

Wait for the PE-2 results.
If u also not clear PE-2 EXAMS , u will then also be eligible to appear in NOV. 2010 exams in IPCC (fulfilling some conditions).
U must start study Service Tax, VAT atleast. Their knowledge is must even if u r PE-2 STUDENT.
Read SM after result declaration, if found necessary.
Well, be positive, might be u clear PE-2 this time.

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Rahul Bansal (Finalist) (35929 Points)
Replied 18 June 2010

The details of IPCC are:

Undergo Information Technology Training (ITT) provided by ICAI itself for 100 Hours.
Undergo the Orientation Programme conducted by ICAI for 35 Hours.

Eligibility Criteria:A student who has passed the CPT and 12th standard examination may join the Integrated Professional Competence Course
Practical Training: After passing group-I of the course, a student must join a practicing Chartered Accountant for practical training (Articleship). Articleship shall be of 3 years duration (36 months).
Additionally: In addition to artcileship a student must complete 100 hours of Information Technology Training (ITT) and 35 hours of ‘Orientation Programme’ ITT is to be started after a student registers for IPCC and completed before appearing in Group-I and Group-II of IPCE or Group I / ATE. Orientation Programme is of 4 sessions per day for 35 hours with an ICAI accredited institute.
Integrated Professional Competence Examination (IPCE): A student will have to appear for the IPCE after fulfillment of following conditions: PCE is conducted twice in a year, May and November.

YASH JAIN (ARTICLE) (554 Points)
Replied 18 June 2010

Well u have cleared group 1 which means u will be exempted from giving accounts., law and audit paper. Now in ipcc to start articles u need to clear group first only. In group one u have to only appear in Tax and costing and fm paper. Do not study Information technology and just go with tax and cfm. In tax 50mks is for vat and service tax its quite easy. Moreover the portion is also reduced a bit as compared to pe2. in cfm u only have to do standard and marginal costing extra rest all is same in ipcc cfm.

YASH JAIN (ARTICLE) (554 Points)
Replied 18 June 2010

As for the question of urs regarding conversion , well i think u should wait for pe2 results, after results u can convert to ipcc and appear for Nov010 as icai has done away with mandatory 9 month clause of ipcc .

(Guest)

i want to give THIS answer in Hindi....

First of all yaar tum apne DIL KI SUNO..

BAAD MEIN AGAR KUCH BHI BURA HOGA TO WO TUMHE HI SEHNA HOGA NA KI HUMIEN.

TO APNE AAP KO YE KEHNE KA MOKA MAT DO KI KAASH AGAR USKI BAAT NAHI MAANI HOTI TO ACHHA HOTA.

APNE AAP PAR VISHWAAS RAKHO AUR AAGE BADH JAAO JO HOGA DEKHA JAAYEGA AAGE KAM SE KAM YE TASSALI TO HOGI JO HUA MERI WAJAH SE HUA

AUR SACH KEH RAHA HUN AGAR APNE DECISION KE BAAD KUCH NEGATIVE HOTA HAI TO UTNA BURA NAHI LAGTA.

aur HO SAKTA HAI ICAI ANNOUNCE KAR DE KI PE-II KE ATTEMPT BADH GAYE HAI YA YE BHI HO SAKTA HAI KI NA BADHE.

SO I WILL SUGGEST YOU LISTEN TO YOUR HEART AND THEN MAKE DECISION AND AFTER CONSIDERING YOUR DECISION, IF YOU DONT WANT TO CONVERT THEN FOR SAFE SIDE FOLLOW RAHUL BANSAL ADVICE AND IF YOU WANT TO CONVERT THEN ANKUR GARG'S ADVICE.

SSBBABB

Rahul Bansal (Finalist) (35929 Points)
Replied 19 June 2010

By chance if PE-2 attempts extended..........then also join for IPCC....atleast u can start training.....

Don't opt for PE-2 anymore........but wait for pe-2 results...

Then take decisions...

SUNO SABKI..........BUT DECISION MAKER IS ONLY U FOR YOURSELF.....

TAKE CARE

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Kumar Gaurav (Going...to be C.A soon...) (1624 Points)
Replied 23 June 2010

Very honestly ........it is giving me alot of self confidence & encourage to acheive ma goal.............aisa lagta hai i just jave to crack 3 more papers..............................Thanks for ur kind contribution Sir!