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Extracts from the Memorandum of
Understanding (MOU) between ICAI and Netaji
Subhas Open University
Memorandum of Understanding
This Memorandum of Understanding herein referred to as “MOU” is signed at Kolkata on
Wednesday the 25th day of July, 2007.
1. Eligibility: Candidates who fulfil all the following three conditions are eligible
for admission to this special programme:
(i) 10+2 or BPP and BDP of NSOU; and
(ii) Common Proficiency Test (CPT) from the ICAI; and
(iii) Registration in Professional Competence Course (PCC) of the ICAI
2. Course Structure: The B.Com is offered by NSOU to the students of ICAI like
any of its regular programmes. To complete this programme successfully, a
candidate is expected to complete 52 credits (650 marks) worth selective
papers from NSOU along with CPT, PCC and 3 years articleship of the ICAI.
Course structure for B.Com Course
Course of NSOU Credits Course of ICAI
Group I
1. Foundation Course
(a) Humanities & Social Science (FHS)
(b) Science & Technology (FST)
(c) Bengali / English (specially for CA
students)(FEG)
(d) English (FEG)
2. Honours subjects
Paper 2: Business Economics
Paper 3: Statistics & Business
Organisation
Paper 6: Business Management and
World Resources
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Group II
1. Advanced Accounting
2. Auditing & Assurance
3. Law, Ethics & Communication
4. Cost Accounting and
Management
5. Taxation
6. Information Technology &
Strategic Management
7. 100 Hours of Information
Technology Training through
accredited institutions
3. Environmental Studies
Total Credits 52 credits or 650 marks
4 Group III
Completion of 3 years Articleship of
ICAI
The University has certified the following papers as equivalent to the papers
stated in Group II above which are covered in Professional Competence
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Course (PCC) of the ICAI and accordingly these have been exempted by
NSOU:
Paper 1: Accountancy & Mathematics
Paper 4: Higher Accountancy
Paper 5: Cost Accounting and Income Tax
Paper 7: Commercial & Labour Laws
Paper 8: Auditing and Management Accounting
Application Oriented Course (AOC)
AOC-1: Basic Accounting
Subsidiary subjects (SBS)
SBS-1: Business Communication & Entrepreneurship Development
SBS-2: Tax Practice & Procedure
SBS-3: Business Ethics
Total Credit: 72 credits or 900 marks
3. Fees: The fee for this special programme shall be the same as the fee
applicable to B.Com programme of NSOU. A student shall be charged the
entire fee (the fees as determined by the University from time to time) of all
the 3 years at the time of admission. There is no additional fee for availing
the exemption of papers. A student has to pay the examination fee per
paper at the time of examination as per notification.
4. Duration of the programme: The duration of this programme shall be the
same as the existing B.Com programme i.e. minimum 3 years and maximum
8 years. The registration shall be valid up to 8th year.
5. Delivery system: Once admitted to this programme, a student shall
simultaneously pursue the Group I courses from NSOU and Group II and
Group III courses from the ICAI.
Study materials of all the Group I courses shall be delivered to the students
at the time of admission. Regarding student support service, counselling,
examination etc, are concerned, these students shall be treated at par with
those of other Bachelor Degree Programme.
Distribution of papers between the semesters:
1st Semester: FBG, FEG
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2nd Semester: FHS, Paper 2
3rd Semester: FST, Paper 3
4th Semester: nil
5th Semester: Paper -6
6th Semester: Environmental Studies
6. Evaluation system: The student has to complete the course of Group I as
per NSOU evaluation system applicable for BDP. Similarly, the evaluation
system of chartered accountancy of ICAI is applicable for Group II and III
course. There will be continuous evaluation and term-end examination for
the papers of Group I of NSOU system and for Group II and III as per the
ICAI system. The student should also complete 3 years of articleship as per
the requirement of Chartered Accountancy Course of the ICAI. At the end,
the student is awarded the B.Com degree as per the following scheme on the
basis of marks obtained in Group II courses as per the NSOU evaluation
system:
% of marks obtained Class Grade
35% to below 40% Pass without Hons C
40% to below 55% 2nd Class Hons B
55% to below 60% 2nd Class Hons. B+
60% to below 70% 1st Class Hons A
70% & above 1st Class Hons. A+
The students, who successfully complete this programme, shall receive
B.Com degree from NSOU.
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