Announcement on Transition Scheme Credit of B.Com (A&F) – (20-02-2019)

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 –

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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 drop out students of Chartered Accountancy who join IGNOU’s normal B.Com directly without having joined the specialized B.Com(A&F) programme. This would be over and above the normal internal credit transfer of courses of IGNOU component of the specialized B.Com programme.

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

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That’s all for now. Stay Connected for more updates.

Team CA Study