What is the full form of IPCC?

The full form of IPCC is Integrated Professional Competence Course. The second or second-level CA (Chartered Accountancy) course is IPCC. The ICAI administers its curriculum (Institute of Chartered Accountants of India). An applicant is qualified for the ultimate chartered accounting level after completing this Integrated Professional Competence Course.

Eligibility Criteria for IPCC

• Before taking the IPCC test, a candidate should pass the CA CPT (Chartered Accountancy Common Proficiency Test).
• A test known as the IPCE is administered following the successful completion of the course (Integrated Professional Competence Examination)

Examination details of IPCC

The IPCE curriculum combines academic and practical instruction. An applicant gets seven papers in this course that are split into two categories. The first group includes 4 topics. Three people make up the second group. These topics from the first and second categories are all about accounting. 200 scores in group 1 and 150 in group 2 are required to clear a class.

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

Second full form of the IPCC

Another full form of the IPCC is Intergovernmental Panel on Climate Change. It is an intergovernmental research organisation that works under the direction of the UN to assess climate change.

It was created in 1988 by WMO (World Metrological Organization) and UNEP, two UN organisations (United Nations General Assembly).

This international group doesn’t need to carry out any projects, studies, or ongoing data monitoring to fulfil its mandate. The primary responsibility of the intergovernmental group was to study and analyse the most recent scientific, technological, and socioeconomic information regarding climate-related developments.

Primary objectives of IPCC

• The IPCC’s primary objective is producing reports to implement the United Nations Framework Convention on Climate Change.
• It offers stability in the highly concentrated greenhouse gas in the atmosphere.
• The “Principles Guiding IPCC Work,” which the IPCC accepted and published, acknowledges and describes the IPCC’s analysis and evaluation of the risk of climate change caused by people, its potential effects, and viable preventative measures.