Well Done Guys! Congratulations on your outstanding performance in CA CPT, and for those who could not get through this time, do not lose hope because this is not the end. Try, try until you succeed because Winners are not afraid of failures.

Now as you have unlocked your first door to the world of professionalism. Next level after CA CPT is CA IPCE (Integrated Professional Competence Exam), which is the second level of CA exams, which is conducted by ICAI (Institute of Chartered Accountants of India).

The main objective of the article is to give the students an insight into the CA Intermediate examination. Given below is the detail for CA IPC Exams.

 CA IPCE applicant must have cleared the CA Foundation Exam and 10+2 OR

 The applicant must be a post graduate or graduate in the stream of commerce with a minimum of 55% marks or the equivalent qualifying degree examination OR

 The candidate holding a degree other than commerce; must have secured 60% marks in the exam OR

 Any candidate who has cleared the intermediate level examination of the ICAI (Institute of Cost Accountants of India) or ICSI (the Institute of Company Secretaries of India) are also qualified to apply.

Given below are few more details:-

CA Intermediate i.e. IPCC Exam comprises of 8 papers each paper being of 100 marks.

Paper 1:- Tests the students command on Accounting i.e. Applications of Accounting Standards, Accounting and Special Transactions etc.

Paper 2:- Tests the students on Corporate and Other Laws i.e. The Indian Contract Act 1872, The Companies Act 2013, The Negotiable Instruments Act 1881 etc.

Paper 3:- Tests the students on Cost; Management Accounting i.e. Ascertainment of Cost and Cost Accounting System, Methods on Costing, Cost Control and Analysis etc.

Paper 4:- Tests the students on Taxation i.e. Income Tax Law and Indirect Taxes including GST).

Paper 5:- Tests the students on Advanced accounting i.e. valuation of Goodwill, Reorganization of Companies, and Special Aspects of Company Accounts etc.

Paper 6:- Tests the students on Auditing and Assurance i.e. Audit of Different Types of Entities, Audit Documentation and Audit Evidences, Audit of Banks etc.

Paper 7:- Tests the students on Enterprise Information System and Strategic Management i.e. E-commerce, M-commerce and Emerging Technologies, Core Banking Systems, Introduction to Strategic Management etc.

Paper 8:- Tests the candidate on Financial Management and Economics for Finance i.e. Financial Management; Financial Analysis, Cost of Capital, Determination of National Income, Public Finances etc.)

Students will have to score 40% marks in every single subject; 50% aggregate overall. It is little hard to crack CA IPCE as compared to CA CPT Exams. The preparations need to be little more detailed and rigorous owing to the fact of high competition at CA IPCE Level.