ICAI (CMA)-IGNOU MoU- Admission to July 2017 Session.

180 Pages·2017·0.57 MB·English

PROSPECTUS AND PROGRAMME GUIDE
Exclusively for Cost Accountant Students
B.COM (F & CA)
BACHELOR OF COMMERCE
with Major in Financial and Cost Accounting
M.COM (MA & FS)
MASTER OF COMMERCE
In Management Accounting & Financial Strategies
Designed and Developed in Collaboration with
THE INSTITUTE OF COST
ACCOUNTANTS OF INDIA (ICAI)
www.icmai.in
School of Management Studies
Indira Gandhi National Open University
New Delhi
www.ignou.ac.in
Price: Rs. 750/-
PROGRAMME DESIGN COMMITTEE
Prof. N.V. Narasimham
School of Management Studies, IGNOU
Prof. Nawal Kishor
School of Management Studies, IGNOU
CMA A.S. Durga Prasad
President, ICAI
CMA J. K Budhiraja
Sr. Director (Technical), Institute of Cost Accountants of India
CMA Sanjay Bhargave
Central Council Member, ICAI
Prof. A.R. Khan, Convenor
BDP Coordination Committee, IGNOU
Prof. R.K. Grover (Retired)
School of Management Studies, IGNOU
Prof. Madhu Tyagi
School of Management Studies, IGNOU
Prof. M.S. Senam Raju
School of Management Studies, IGNOU
PRINT PRODUCTION
Mr. K.G. Sasi Kumar
Assistant Registrar (Publication)
SOMS, IGNOU, New Delhi
April 2017
© Indira Gandhi National Open University, 2017
All rights reserved. No part of this work may be reproduced in any form, by mimeograph or any other means,
without permission in writing from the Indira Gandhi National Open University.
Further information on the Indira Gandhi National Open University courses may be obtained from the University’s
office at Maidan Garhi, New Delhi-110 068.
Printed and published on behalf of the Indira Gandhi National Open University, New Delhi, by the
Director, School of Management Studies.
Laser typeset by Tessa Media & Computers, C-206, A.F.E.-II, Jamia Nagar, New Delhi-110025
Printed at:
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Contents
Page Nos.
1. The University.......................................................................................................................................A-7
1.1 The Schools of Studies.................................................................................................................A-7
1.2 Academic Programmes.................................................................................................................A-8
1.3 Course Materials...........................................................................................................................A-8
1.4 Credit System...............................................................................................................................A-8
2. Bachelor of Commerce with Major in Cost and Financial Accounting B.Com (F & CA).........A-9
2.1 Programme Structure...................................................................................................................A-9
2.2 Eligibility for Admission..............................................................................................................A-10
2.3 Medium of Instruction................................................................................................................A-10
2.4 Fee Structure..............................................................................................................................A-10
2.5 Duration of the Programme........................................................................................................A-10
2.6 Evaluation System of the Programme........................................................................................A-11
2.7 Award of Degree/Credit Transfer...............................................................................................A-11
2.8 Re-admission RUles....................................................................................................................A-11
3. Master of Commerce in Management Accounting & Financial Strategies M.Com (MA & FS) ..A-12
3.1 Programme Structure.................................................................................................................A-12
3.2 Eligibility for Admission..............................................................................................................A-12
3.3 Medium of Instruction................................................................................................................A-12
3.4 Fee Structure..............................................................................................................................A-13
3.5 Duration of the Programme........................................................................................................A-13
3.6 Evaluation System ......................................................................................................................A-13
4. Instructional System..........................................................................................................................A-14
4.1 Print Material ..............................................................................................................................A-14
4.2 Audio-Visual Aids........................................................................................................................A-15
4.3 Interactive Radio-Counselling.....................................................................................................A-15
4.4 Gyan Darshan.............................................................................................................................A-15
4.5 Teleconferencing ........................................................................................................................A-15
4.6 Counselling .................................................................................................................................A-15
4.7 University Functionaries for Sorting Out Problems...................................................................A-16
5. Student Support through Study Centres..........................................................................................A-17
6. Evaluation System for IGNOU Courses...........................................................................................A-17
6.1 Continuous Evaluation through Assignments .............................................................................A-18
6.2 Term-End Examinations .............................................................................................................A-19
7. Other Useful Information..................................................................................................................A-22
7.1 IGNOU Newsletter.....................................................................................................................A-22
7.2 Reservation of Seats...................................................................................................................A-22
7.3 Scholarships and Reimbursement of Fees..................................................................................A-22
7.4 Provisional Certificate.................................................................................................................A-23
7.5 Change of Medium .....................................................................................................................A-23
7.6 Change or Correction of Address...............................................................................................A-23
7.7 Change of Study Centre .............................................................................................................A-23
7.8 Change of Regional Centre.........................................................................................................A-23
7.9 Issue of Duplicate Grade Card/Mark Sheet................................................................................A-24
7.10 Re-admission ..............................................................................................................................A-24
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7.11 Simultaneous Registration...........................................................................................................A-24
7.12 Refund of Fees...........................................................................................................................A-24
7.13 Migration Certificate...................................................................................................................A-24
7.14 Disputes on Admission and other University Matters.................................................................A-24
7.15 Request for the Issue of the Grade Card & Provisional Certificate...........................................A-26
8. Commerce Faculty and Administrative Staff..................................................................................A-27
9. Syllabus of B.Com with Major in Financial and Cost Accounting [B.Com (F&CA)] ................ A-29
9.1 Syllabus of Courses Offered by IGNOU....................................................................................A-28
9.2 Syllabus of Foundation Courses Offered by ICAI.....................................................................A-35
9.3 Syllabus of Intermediate Courses Offered by ICAI...................................................................A-40
10. Syllabus of M. Com in Management Accounting and Financial Strategies [M.Com (MA & FS)]A-48
10.1 Syllabus of Courses Offered by IGNOU....................................................................................A-48
10.2 Syllabus of Final Courses Offered by ICAI ...............................................................................A-52
11. Some Forms for Your Use....................................................................................................................B-1
11.1 Assignment Remittance-cum-Acknowledgment Form ................................................................B-2
11.2 Requisition for Fresh Set of Assignments and Instructions.........................................................B-3
11.3 Guidelines and Instruction for Submission of On-line Examination.............................................B-5
11.4 Application Form for Re-evaluation of Answer script..................................................................B-7
11.5 Application Form for Issue of Migration Certificate....................................................................B-9
11.6 Form for Duplicate Grade Card/Marksheet................................................................................B-11
11.7 Application Form for Change/Correction/Address/Study Centre...............................................B-12
11.8 Re-admission Form ....................................................................................................................B-13
11.9 Application Form for Early Declaration of Result of Term-end Examination............................B-15
11.10 Application Form for Obtaining Photocopy of the Answer Script.............................................B-17
11.11 Non-receipt of Study Material & Assignments...........................................................................B-19
11.12 Change of Medium/Elective/Programme of Study.....................................................................B-20
11.13 Application Form for Issue of Provisional Certificate................................................................B-21
11.14 Application Form for Issue of Official Transcript.....................................................................B-23
11.15 Application Form for Improvement of Division/Class...............................................................B-25
11.16 Application Form for Issue of Duplicate Copy of University Diploma/Degree/Certificate........B-27
12. Satellite Downlink Centres for viewing Gyan Darshan Channel.................................................B-29
13. Annexures............................................................................................................................................B-34
Annexure I : Addresses and Codes of IGNOU Regional Centres..............................................B-34
Annexure II : IGNOU – ARMY Recognised Regional Centre .....................................................B-48
Annexure III : IGNOU – NAVY Assam Rifles Recognised Regional Centre.................................B-50
Annexure IV : Addresses of Study Centres of B.Com (F & CA) ................................................B-51
Annexure V : Addresses of Study Centres of M.Com (MA & FS) ............................................B-77
Annexure VI : List of State Codes..............................................................................................B-108
Annexure VII : List of Board Codes ............................................................................................B-109
Annexure VIII : Challan Form.......................................................................................................B-110
14. GUIDELINES FOR FILLING IN THE APPLICATION FORM..................................................... B-113
Application Form for Admission
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THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (ICAI)
About the Institute
It was during the early years of World War II, that the concept of cost as an independent entity made its
beginning in the industrial circles of the world. Due to the prohibitive cost of defense operations, the then
governments at war found it difficult to ascertain the price of defence purchases and thus evolved the concept
of cost + contracts. This forced the contractors to submit the cost of the work to be undertaken by them, in
order to be awarded the contract.
1945 brought the end of the war, and the nations ravaged by the effects of war began large-scale reconstruction
of their economies through industrialisation. The end of colonialism meant that many nations gained their
independence, and this process increased rapidly. The late forties and fifties can really be termed the golden era
of industrialisation. The importance of cost accounting as being central to the formation of government policies
provided the foundation of the rapid growth of the profession. What began as a mere exercise in estimating the
cost later developed into a movement for efficiency and optimum utilisation of scarce resources.
The Institute of Cost Accountants of India (erstwhile The Institute of Cost and Works Accountants of India)
was first established in 1944 as a registered company under the Companies Act with the objects of promoting,
regulating and developing the profession of Cost Accountancy.
On 28th May, 1959, the Institute was established by a special act of Parliament, namely, the Cost and Works
Accountants Act, 1959 as a statutory professional body for the regulation of the profession of cost and management
accountancy.
It has since been continuously contributing to the growth of the industrial and economic climate of the country.
The Institute of Cost and Works Accountants of India is the only recognised statutory professional organisation
and licensing body in India specialising exclusively in Cost and Management Accountancy.
A Cost Accountant is a person who offers to perform or perform services involving the costing or pricing of
goods and services or the preparation, verification or certification of cost accounting and related statements.
The head office is situated at 12, Sudder Street, Kolkata 700 016 and operates through four regional councils are
Kolkata, Chennai, Delhi and Mumbai as well as through a number of important chapters situated elsewhere in
India and abroad.
Vision Statement
“The Institute of Cost Accountants of India would be the preferred source of resources and professionals for the
financial leadership of enterprises globally.”
Mission Statement
“The Cost and Management Accountant professionals would ethically drive enterprises globally by creating
value to stakeholders in the socio-economic context through competencies drawn from the integration of strategy,
management and accounting.”
Objectives of the Institute
• To develop the Cost and Management Accountancy function as a powerful tool of management control in
all spheres of economic activities.
• To promote and develop the adoption of scientific methods in cost and management accountancy.
• To develop the professional body of members and equip them fully to discharge their functions and fulfill
the objectives of the Institute in the context of the developing economy.
• To keep abreast of the latest developments in the cost and management accounting principles and practices,
to incorporate such changes are essential for sustained vitality of the industry and other economic activities.
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• To exercise supervision for the entrants to the profession and to ensure strict adherence to the best ethical
standards by the profession.
• To organise seminars and conferences on subjects of professional interest in different parts of the country
for cross-fertilisation of ideas for professional growth.
• To carry out research and publication activities covering various economic spheres and the publishing of
books and booklets for spreading information of professional interest to members in industrial, education
and commercial units in India and abroad.
ICAI-IGNOU MOU
Under this MOU, IGNOU will offer specialized B.Com Course with major in Financial & Cost Accounting
B.Com (F & CA) and specialized M.Com Course in Management Accounting & Financial Strategies M.Com
(MA & FS) for ICAI students and Members of the Institute. 10+2 students can take admission in Foundation
Course of ICAI and specialized B.Com course of IGNOU simultaneously. Similarly, Intermediate examination
passed students of ICAI and graduates can pursue Final course of ICAI and M.Com simultaneously. Common
papers studied by a student in ICAI course will be exempted in the respective specialized course designed by
IGNOU exclusively for ICAI students. These courses will enable students to improve their learning process by
acquiring knowledge in new areas rather than concentrating in the same subjects, which are covered in the
education scheme of the ICAI Course. Both specialized B.Com and M.Com would be offered by IGNOU in Hindi
and English. IGNOU will recognize membership of ICAI for the purpose of pursuing their Ph.D course in
Commerce, Management and Law disciplines. IGNOU will also recognize ICAI as centre for Research in subjects
such as Corporate Finance, Management, Financial and Management Accounting.
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1. THE UNIVERSITY
The Indira Gandhi National Open University was established by an Act of Parliament in 1985 to achieve the
following objectives:
l democratizing higher education by taking education to the doorsteps of the students
l providing access to high quality education to all those who seek it, irrespective of age, region, or formal
qualifications
l offering need-based academic programmes by giving professional and vocational orientation to the courses
l promoting and developing distance education in India
l setting and maintaining standards in distance education in the country - as an apex body for the purpose.
Some of the special features of the Open and Distance Education System currently practised by IGNOUare:
l Relaxed entry requirements
l Provision of equal opportunity of admission to people from all over the country
l Provision of learning at one’s own pace, place and time
l Cost-effective and cost-efficient educational operations
l Multi-media approach in the preparation of course packages
l Self-instructional Printed and Audio/Video course materials
l Network of student support services throughout the country
l Face-to-Face Counselling and Tele-counselling
l Continuous evaluation through assignments
l Provision of terminal examination two times a year
l Interactive Satellite Aided Communication Network (Teleconferencing).
l Interactive Radio Counselling
1.1 The Schools of Studies
With a view to develope interdisciplinary studies, the University operates through Schools of Studies. Each
School is headed by a Director who arranges to plan, supervise, develop and organise its academic programmes
and courses in co-ordination with the School staff and the different academic, administrative and service wings
of the University. The emphasis is on providing a wide choice of courses at different levels through various
programmes. Currently IGNOU has following schools of studies:
School of Humanities (SOH) School of Journalism and New Media Studies (SOJNMS)
School of Social Sciences (SOSS) School of Gender and Development Studies (SOGDS)
School of Sciences (SOS) School of Tourism and Hospitality Service Sectoral
Management (SOTHSSM)
School of Education (SSOE)
School of Interdisciplinary and Trans-disciplinary
School of Continuing Education (SOCE)
Studies (SOITS)
School of Engineering & Technology (SOET)
School of Social Work (SOSW)
School of Management Studies (SOMS)
School of Vocational Education and Training (SOVET)
School of Health Sciences (SOHS)
School of Extension and Development Studies (SOEDS)
School of Computer & Information Sciences (SOCIS)
School of Foreign Languages (SOFL)
School of Agriculture (SOA)
School of Translation Studies and Training (SOTST)
School of Law (SOL)
School of Performing and Visual Arts (SOPVA)
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1.2 Academic Programmes
The University offers programmes leading to Certificate, Diploma or Degree, covering conventional as well as
innovative programmes. Most of these programmes have been developed after an initial survey of the demand
for such studies. They are launched with a view to fulfil the student’s needs for:
l certification
l improvement of skills
l acquisition of professional qualifications
l continuing education and professional development at work place
l self-enrichment
l diversification of knowledge, etc.
The University follows multi-media approach in imparting instruction to its learners. It comprises:
l Self-instructional printed course material packages
l Assignments for assessment and feedback
l Supporting audio-video programmes
l Face-to-Face interaction with academic counsellors at Study Centres or at work centres depending on
programme requirement
l Practicals at designated institutions
l Project Work in some programmes
l Work-related field project/Functional assignments as per programme requirements
l Telecast of video programmes on the National Network of Doordarshan (DD-I)
l Broadcast of audio programmes by All India Radio (selected stations)
l Interactive Satellite Aided Communication Network (Teleconferencing)
l Interactive Radio Counselling
1.3 Course Materials
Learning materials are prepared for the courses by teams of experts drawn from conventional universities,
professionals from all over the country and in-house faculty. These materials are edited by the content experts
and language experts at IGNOU before they are finally sent to the press. Similarly audio and video programmes
are produced in consultation with the course writers, in-house faculty and producers. These materials are
previewed and reviewed by the faculty as well as outside experts and edited or modified wherever necessary
before they are despatched to the Study Centres and Doordarshan.
Printed material is supplied directly to the students at the addresses supplied by them and their cost is covered in
the programme fee. Audio/Video programmes are made available at the Study Centres where Audio/Video playing
equipment is also available. Audio/Video programmes of the University are also broadcast as per a prearranged
schedule. Print materials and audio/video tapes are available for a price. Interested persons/institutions may
request for a catalogue from The Registrar (MPDD), IGNOU, Maidan Garhi, New Delhi - 110 068.
1.4 Credit System
The University follows the ‘Credit System’ for most of its programmes. Each credit amounts to 30 hours of
study comprising all learning activities. Thus, a 4 credit course involves 120 hours. This helps the student to
understand the academic effort one has to put in, in order to successfully complete a course. Completion of an
academic programme (Degree, Diploma or Certificate) requires successful clearing of both, the assignments
and the term-end examination of each course in a programme.
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2. BACHELOR OF COMMERCE WITH MAJOR IN FINANCIAL
AND COST ACCOUNTING -B.COM (F & CA)
Bachelor of Commerce with Major in Financial and Cost Accounting is designed and developed in collaboration
with The Institute of Cost and Works Accountants of India (ICAI), exclusively for the ICAI students. The main
objective of this programme is to develop skills and competencies of the student in the field of Finance and Cost
Accounting.
Students can simultaneously study this B.Com with Major in Financial and Cost Accounting programme with
ICAI Foundation/ Intermediate courses offered By ICAI. This programme comprises of 104 credits, out of
which 24 credits are from IGNOU and 80 credits are part of ICAI Foundation/ Intermediate courses. Once a
student passes ICAI Foundation/ Intermediate courses, automatic credit transfer is given in this B.Com with
Major in Financial and Cost Accounting programme for all of those ICAI Foundation/ Intermediate courses. This
scheme facilitates the student to obtain dual degree simultaneously.
2.1 Programme Structure
This programme comprises 4 courses of BDP programme of IGNOU, 4 courses of Foundation Course of ICAI
and 6 courses of Intermediate Course of ICAI. To be eligible for the award of the degree, B.Com with Major
in Financial and Cost Accounting, a student has to complete courses as shown below. All the 4 courses of Part
A shall be delivered by IGNOU and the students have to pursue them as per the IGNOU system. All the 4 courses
of Part B and 6 courses of Part C are part of ICAI Foundation/Intermediate courses and the student has to
pursue them as per the ICAI system. Completion of Foundation and Intermediate is a pre-condition to
seek admission in B.Com. (F&CA).
Part A: Courses offered by IGNOU
Sl. No. Course Code Course Title Credits Status
1. BSHF-101 Foundation Course in Humanities and Social Sciences 8 Credits Compulsory
2. AED-01 Export Procedures and Documentation 4 Credits Compulsory
3. ECO-13 Business Environment 4 Credits Compulsory
4. BEGE-103 Communication Skills in English 8 Credits Compulsory
OR
BEGE-104 English for Business Communication 8 Credits Compulsory
Part B: Courses which are part of ICAI Foundation Course.
Students get credit transfer in this B.Com (F & CA) Programme
5. BCO-041 Organization & Management Fundamentals 8 Credits Credit transfer on completion
6. BCO-042 Accounting 8 Credits Credit transfer on completion
7. BCO-043 Economics and Business Fundamentals 8 Credits Credit transfer on completion
8. BCO-044 Business Mathematics & Statistics Fundamentals 8 Credits Credit transfer on completion
Part C: Courses, which are part of ICAI Intermediate Course.
Students get credit transfer in this B.Com. (F & CA) Programme
9. BCO-045 Financial Accounting 8 Credits Credit transfer on completion
10. BCO-046 Commercial and Industrial Laws and Auditing 8 Credits Credit transfer on completion
11. BCO-047 Applied Direct Taxation 8 Credits Credit transfer on completion
12. BCO-048 Cost & Management Accounting 8 Credits Credit transfer on completion
13. BCO-049 Operation Management and Information Systems 8 Credits Credit transfer on completion
14. BCO-050 Applied Indirect Taxation 8 Credits Credit transfer on completion
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2.2 Eligibility for Admission
Candidates with following qualifications are eligible for admission.
a) 10 + 2 or its equivalence; and
b) Registration in ICAI Foundation Course.
Students who have passed ICAI Intermediate Course shall also be eligible for admission, provided that they had
passed all the papers of Foundation Course. Subject to successful completion of condition (a) and (b) under
section 2.2 above.
2.3 Medium of Instruction
This B.Com (F & CA) programme is offered in both Hindi as well as English medium. Printed course material
and assignments for IGNOU courses are sent to you in the medium of your option. Similarly, you have to submit
the assignments and attempt the term-end examinations in the medium you have opted for. Audio/video programmes
and counselling are also provided through the medium you have opted for.
2.4 Fee Structure
2.4.1 For Indian Students
A consolidated amount of `````6000 payable along with the application form at the time of registration. A student
once admitted shall be deemed to have been admitted for a period of three years. Therefore, there will be no need
to re-register for the second and third years.
The programme fee shall be payable only by means of Demand Draft drawn in favour of “IGNOU” and payable
at the city where your regional centre is located. Please write your name & address (in Capitals) and programme
name at the back of your demand draft to ensure proper credit to your fee account. Application and D/D are to
be submitted at the concerned IGNOU Regional Centres only, but not to send to the head quarters.
2.4.2 For International Students
For the students from SAARC countries the total fee of the programme is `````10,000 and for the students from
non-SAARC countries the total fee of the programme is US $600. The international students who are residing in
India are required to submit NOC from their respective Embassies and a proof of residence in India at the time
of admission.
2.4.3 For Foreign Students Residing in India
a) Student from SAARC countries has to pay the programme fee of `10,000/- (Late fee is `1,000/-)
b) Student from Non-SAARC countries has to pay the programme fee of US $600 (Late fee is US $50)
Note:The student under the above section 2.4.3 category has to submit additional documents of (i) NOC
from the concerned Embassy and (ii) proof of residence at the time of submission of application
form for admission.
2.5 Duration of the Programme
The duration of the programme shall be minimum 3 years and maximum 6 years with a provision for
readmission after the completion of maximum duration. The students who have already passed ICAI Intermediate
Course before joining the IGNOU course may complete the programme in a minimum period of one year.
Students who have passed Foundation Course of ICAI can complete this programme within a minimum period
of 2 years with the condition that the total period of study including one year at IGNOU should not be less than
Three years from the date of registration in foundation of ICAI.
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