For furtherance of commerce and management education,
the Institute of Chartered Accountants of India and Indira Gandhi
National Open University have deliberated and reached the following
understandings:
- Recognizing subjects studied in the entry level course of chartered
accountancy, by whatever name called, and subjects of study in the first
stage of chartered accountancy course, by whatever name called under
the approved scheme of education and training of the ICAI, as well
practical training component, IGNOU shall launch a specialized B.Com
Course majoring in Accountancy and Finance for the students of chartered
accountancy course by which exemption be granted in certain common
subjects such that these students can improve their learning process by
acquiring knowledge in new areas rather than concentrating in the same
subject, which are covered in the theoretical education scheme of the
chartered accountancy.
- To facilitate the collaborative learning process, a student admitted
in the first stage of chartered accountancy after passing 10+2 standard
examination and entry level test of the chartered accountancy shall be
admitted to special B.Com. course of IGNOU.
- A student admitted under this special B.Com. course shall complete study modules of IGNOU as per the scheme given in Annexure-I
and shall be awarded B.Com. degree on qualifying first stage of
chartered accountancy examination as well as subjects of study in
special B.Com. course of IGNOU.
- The IGNOU shall offer appropriate scheme of transition for these
category of students in case any student has joined this special
programme opts for studying B.Com. of IGNOU exclusively.
- Recognizing subjects of study in the chartered accountancy final
stage, the IGNOU agrees to launch a special master programme in commerce
majoring in Finance and Taxation for the benefit of students who are
undergoing CA Final Course or who have already qualified CA Final
examination as per details given in Annexure –II.
- To facilitate the collaborative learning process, a student admitted
in the final stage of chartered accountancy or who have passed CA Final
examination shall be admitted to special M.Com. course of IGNOU.
- A student admitted under this special M.Com. course shall complete study modules of IGNOU as per the scheme given in Annexure-II
and shall be awarded M.Com. degree on qualifying final stage of
chartered accountancy examination and as well as subjects of study in
the special M.Com. course of IGNOU.
- The IGNOU shall offer appropriate scheme of transition for these
category of students in case any student have joined this special
programme opts for studying M.Com. of IGNOU exclusively.
- The ICAI and the IGNOU agree to organize collaborative personal contact programme for these students.
- The special B.Com. course shall be offered both in English and Hindi
medium effective from the academic session commencing in June, 2007,
and the special M.Com course shall be offered in English from the
academic session commencing in June, 2007 and in Hindi medium as well
from the academic session commencing in June, 2008.
- The ICAI and the IGNOU agree to constitute a Coordination Committee
to facilitate exchange of students records and monitor their progress on
continuous basis.
- The ICAI and the IGNOU also agree to carry out research jointly for
improvement in the pedagogy for commerce and management students and to
jointly organize seminars on contemporary issues relevant for commerce
and management students.
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