What is the Full form of IPCC?
The IPCC full form is Integrated Professional Competence Course. IPCC is the second course required for the CA (Chartered Accountant) degree. ICAI is responsible for its curriculum (Institute of Chartered Accountants of India). A candidate is eligible for the ultimate level of chartered accountancy upon successful completion of this Integrated Professional Competence Course.
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IPCC eligibility criteria
- The CA CPT (Chartered Accountancy Common Proficiency Test) must be passed prior to sitting for the IPCC test.
- IPCE is the name of the examination that is administered following the successful completion of the course (Integrated Professional Competence Examination)
Detailed examination of IPCC
The curriculum of IPCE involves both academic and practical instruction. A candidate for this course must submit seven papers separated into two categories. The first category has four topics. The second group consists of three individuals. All of the topics in the first and second categories are pertinent to the accounting profession. 200 points in group 1 and 150 points in group 2 are necessary to pass a course.
Papers of group 1
- Accounting subject – 100 marks
- Law – 60 marks
- Ethics – 20 marks
- Communication – 20 marks
- Cost Accounting – 50 marks
- Financial Management – 50 marks
- Income Tax – 50 marks
- Indirect Tax – 50 marks
Papers of group 2
- Advanced Accounting – 100 marks
- Auditing & Assurance – 100 marks
- Information Technology – 50 marks
- Strategic Management – 50 marks
Another IPCC full form
Another full form of IPCC is Intergovernmental Panel on Climate Change. It is an intergovernmental organization under the direction of the United Nations that evaluates climate change. It was founded in 1988 by two United Nations organizations: the WMO (World Metrology Organization) and UNEP (United Nations General Assembly).
The role of this intergovernmental body does not entail the implementation of any climate-related projects, studies, or data monitoring. The primary responsibility of the multinational panel was to study and analyze the most recent scientific, technological, and socio-economic information regarding climate-related developments.
Principal goals of IPCC
- The primary objective of the IPCC is to generate reports for the United Nations Framework Convention on Climate Change.
- It offers stability to the powerful greenhouse gas in the atmosphere.
- The IPCC has adopted and published “Principles Guiding IPCC Work,” which notes and describes the IPCC’s analysis and evaluation;
- Risk of climate change caused by humans, its potential effects, and viable preventative measures.
