Hello Everyone,
Today dated 21 Feb 2019, ICAI on its official website https://icai.org via link https://resource.cdn.icai.org/54195bos43516.pdf has posted a new notification. Text of the notification reads as follows –
Credit Transfer (External Scheme) for the students of B.Com(A&F) under IGNOUICAI Joint Education Programme
School of Management Studies, Indira Gandhi National Open University (IGNOU) has approved the external credit transfer scheme framed in respect of B.Com (A&F) Course for Chartered Accountancy(CA) students.
The Scheme is applicable for those students who have dropped out from the B.Com (A&F) programme and joined IGNOU?s normal B.Com programme. It would also be applicable to the
An overview of Course Equivalence and Credit Transfer Scheme of B.Com (A&F) courses against IGNOU B.Com courses
| CPT/PE-I/Foundation Courses of ICAI | IGNOU normal B.Com Courses |
| BCO-001: Fundamentals of Accounting | ECO-02 : Accountancy-I |
| BCO-002 : Mercantile Laws | ECO-05 :Mercantile Law |
| BCO-003 : General Economics | ECO-06 : Economic Theory |
| BCO-004 : Quantitative Aptitude | ECO-07 : Elements of Statistics |
| Total | 16 Credits |
| PCC/PE-II/Intermediate Courses of ICAI | IGNOU normal B.Com Courses |
| BCO-005 : Advanced Accounting | ECO-14 : Accountancy-II (4 Credits) |
| BCO-006 : Auditing and Assurance | ECO-12 : Elements of Auditing |
| BCO-007 : Laws, Ethics & Communication | ECO-08 : Company Law |
| BCO-008 : Cost Accounting & Financial | ECO-10 : Elements of Costing |
| BCO-009 : Taxation | ECO-11 : Elements of Income Tax |
| Total | 20 Credits |
Total Credit Transfer up to maximum of :
CPT/PE-I/Foundation Courses = 16 Credits
PCC/PE-II/Intermediate Courses = 20 Credits
Total Credits = 36 Credits
That’s all for now. Stay Connected for more updates.
Team CA Study
What is the use of such credits? How are they helpful?