In the previous Chartered Accountancy Course, Professional Competence Course (PCC) was the first stage of the chartered accountancy curriculum wherein only working knowledge of core and allied subjects to accountancy profession was covered, while at the Final course, advanced application knowledge of core and allied subjects to accountancy profession was intended to be inculcated. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum was the supportive and complementary practical training. A student would undergo theoretical education and practical training concurrently from the beginning of the first stage of theoretical education. This balanced approach would help the students to appreciate the underlying practical applications of the theoretical education scheme.
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| Neither a stand-alone theory nor a practice without theoretical knowledge would make a professional successful. Moreover, there was a need to develop proper understanding of the business environment and information technology which acts as an important business process driver. It was also essential to sharpen communication skills to be able to work successfully in the competitive business environment. Therefore, 100 Hours Information Technology Training and 15 days General Management and Communication Skills (GMCS) course have long been made part of Chartered Accountancy curriculum. A student of PCC could join ITT after completion of three months of articled training. GMCS course was to be completed by a student after passing PCC and during last 12 months of his articled training. |
| Subjects covered in PCC |
| Group I |
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Paper 1: |
Advanced Accounting (100 Marks) |
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Paper 2: |
Auditing and Assurance (100 Marks) |
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Paper 3: |
Law, Ethics and Communication
Part I: Law (60 Marks)
Business Laws (30 Marks)
Company Law (30 Marks)
Part II: Business Ethics (20 Marks)
Part III: Business Communication (20 Marks) | |
| Group II |
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Paper 4: |
Cost Accounting and Financial Management
Part I: Cost Accounting (50 marks)
Part II: Financial Management (50 marks) |
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Paper 5: |
Taxation
Part I: Income-tax (75 Marks)
Part II: Service Tax and VAT (25 Marks) |
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Paper 6: |
Information Technology and Strategic Management
Section A: Information Technology (50 marks)
Section B: Strategic Management (50 marks) | |
| The subjects of PCC are classified into two groups which a student can study and appear in the examination group-wise or both the groups together. |
