Revised Scheme for External Credit Transfer of B.Com (A&F) under ICAI-IGNOU Joint Programme

Revised Scheme for External Credit Transfer of B.Com (A&F) under ICAI-IGNOU Joint Programme

ICAI has announced the revised ‘external credit transfer scheme’ for students those who have joined normal B.Com course and have been dropped out of specialised course B.Com (A&F), a joint programme of ICAI and IGNOU. It may be noted that this credit would be over and above the normal internal credit transfer of courses of IGNOU.

ICAI Announcement (dt. 20 Feb. 2019)

Credit Transfer (External Scheme) for the students of B.Com (A&F) under IGNOU-ICAI 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
1.  BCO-001 : Fundamentals of Accounting ECO-02 : Accountancy-I
2.  BCO-002 : Mercantile Laws ECO-05 :Mercantile Law
3.  BCO-003 : General Economics ECO-06 : Economic Theory
4.  BCO-004 : Quantitative Aptitude ECO-07 : Elements of Statistics
Total : 16 Credits
PCC/ PE-II/ Intermediate Courses of ICAI IGNOU normal B.Com Courses
1.  BCO-005 : Advanced Accounting ECO-14 : Accountancy-II (4 Credits)
2.  BCO-006 : Auditing and Assurance ECO-12 : Elements of Auditing
3.  BCO-007 : Laws, Ethics & Communication ECO-08 : Company Law
4.  BCO-008 : Cost Accounting & Financial ECO-10 : Elements of Costing
5.  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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