Memorandum of Understanding

Between

ICAI and University of Madras

For furtherance of Commerce and Management Education and to provide an opportunity for those who have registered for the Chartered Accountancy course to acquire Under Graduate Degree/Post Graduate Degree, the Institute and the University of Madras have decided to launch various courses through an MoU signed on 2nd December 2011.

University of Madras, (UNOM) an University established by an Act of legislative Council of India on 5th September 1857 is recognized by the University Grants Commission (UGC) and accredited at the A Grade level by National Assessment and Accreditation Council (NAAC).

The Memorandum of Understanding (MoU) aims at providing an opportunity to the Members/Students of ICAI to enhance their knowledge and skills by offering Graduation and Post-graduation Courses in Commerce and Management. Recognising the subjects studied at the entry stage (CPT), Intermediate stage (PCE/IPCE) and Final stage of Chartered Accountancy Course, the University of Madras is launching special professional integrated courses in Bachelor of Commerce(B.Com)/ Masters in Commerce(M.Com)/ Bachelor in Business Administration(BBA)/ students/members. Masters in Business Administration (MBA) for

BACHELOR OF COMMERCE (B.Com.) Non-semester Pattern 1. Admission to the Course(Eligibility)

A candidate who fulfills any one of the following two conditions is eligible for admission to this programme: (i) Who has passed the entry level examination of Chartered Accountancy Course of ICAI (by whatever name called say Entrance/Foundation/Professional Education I /Common Proficiency Test), or: Who has passed the intermediate stage of Chartered Accountancy Course of ICAI (by whatever name called say Intermediate /Professional Education II/Professional Competence Course).

(ii)

2.

Admission and Course Fee A student shall pay such fees for admission to the course as it may fix it from time to time. The fee for this special course is Rs. 18000 (Rupees Eighteen Thousand only)(for three years). The course fee shall undergo change as may be decided by the authorities from time to time.

3.

Course contents

A candidate shall be examined in the papers stated here in below as per the syllabus UNOMs approved by the University. First Year (Stage- I) Paper No. Part I Part II Paper I Paper II Allied I PAPER Language / General Commercial Knowledge English Financial Accounting Business Economics Business Statistics and Operation Research Marks 100 100 100 100 100

Second Year (Stage II) Paper No. Paper III Paper IV Paper V Corporate Accounting Banking and Financial Services Business and Corporate Law PAPER Marks 100 100 100
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Paper VI Allied II

Principles of Management Indian Economy: Problems and Policies

100 100

Third Year (Stage III) Paper No. Paper VII Paper VIII Paper IX Paper X Paper XI Business Taxation Practical Auditing Entrepreneurial Development Cost and Management Accounting Marketing Management PAPER Marks 100 100 100 100 100

# Tamil or an alternative language subject for Tamil i.e., any one of the modern Indian languages or classical languages or foreign language or communicative English at the option of the candidate as listed below: a. Modern (Indian) Languages: Tamil, Kannada, Malayalam, Hindi and Urdu b. Classical Languages: Sanskrit and Arabic c. Foreign Languages: French only d. Communicative English 4. Exemption of Papers

Students who have already passed the Intermediate/PE-II/PCC stage examination of Chartered Accountancy Course of ICAI (by whatever name called) shall be eligible for exemption in respect of the following papers: First Year (Stage I) Paper No Paper I PAPER Financial Accounting Marks 100

Second Year (Stage-II) Paper III Paper IV Paper V Corporate Accounting Banking and Financial Services Business and Corporate Law 100 100 100

Third Year (Stage III) Paper VII Paper VIII Paper X Business Taxation Practical Auditing Cost and Management Accounting 100 100 100

5.

Examination and related Fees The examination fee as may be prescribed by the University of Madras from time to time shall be payable by the students to the university.

6.

Medium of Instruction This programme shall be offered in the English medium only.

7.

Eligibility for the Degree The student shall be awarded B.Com degree by University of Madras if he/she has passed all papers as per the Scheme of Examination stated hereinabove except those exempted in view of having passed the intermediate stage examination of CA course of ICAI by whatever name called. Further on completion of PCC or its equivalent a student becomes eligible for the degree after 6 months of completion of PCC or completing all the courses whichever is earlier as required by the regulations of the degree course.

8.

Classification of Successful Candidates / Declaration of PASS

There is no classification of successful candidates who pass the papers of the degree course with exemption of papers. Such candidates will be declared to have passed the papers and will be classified as PASS. All other candidates who complete the course as per the scheme of examination are alone eligible for classification, ranking and distinction.

MASTER OF COMMERCE (M.Com) (Non-semester pattern) 1. Admission to the Course A candidate who is either a graduate from a recognized university or has passed the Final examination of Chartered Accountancy Course of ICAI or on completion of the B.Com./ BBA degree through ICAI-UNOM shall be eligible for admission to M.Com Degree Course. 2. Admission and Course Fee A student shall pay such fees for admission to the course as it may fix it from time to time. The fee for this special course is Rs. 15000 (Rupees Fifteen Thousand only)(for two years). 3. Course Contents

A candidate shall be examined as per the syllabus of the UNOM for each paper stated below and as approved by the University. First Year (Stage I) Paper No Paper I Paper II Paper III Paper IV Paper V PAPER Advanced Corporate Accounting and Accounting Standards Entrepreneurship and Small Business Promotion Advanced Marketing Advanced Management Theory Quantitative Techniques for Business Decisions Marks 100 100 100 100 100

Second Year (Stage II) Paper No Paper VI Paper VII Paper VIII Paper IX Paper X PAPER Advanced Cost and Management Accounting Financial Management Human Resource management Marketing Research and Consumer Behaviour Financial service and Stock Exchange Marks 100 100 100 100 100

4.

Exemption of Papers

Students who have already passed the Final examination of Chartered Accountancy Course of ICAI shall be eligible for exemption in respect of the following papers: First Year (Stage I)
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Paper No Paper I

PAPER Advanced Corporate Accounting and Accounting Standards

Marks 100

Second Year (Stage-II) Paper No Paper VI Paper VII Paper X 5. PAPER Advanced Cost and Management Accounting Financial Management Financial service and Stock Exchange Marks 100 100 100

Examination and Related Fees

The examination fee as may be prescribed by the University of Madras from time to time shall be payable by the students to the University. 6. Eligibility for Degree

The student shall be awarded M. Com degree by University of Madras if he/she has passed all papers stated hereinabove except those exempted as per, in view of having passed the final stage examination of CA course of ICAI by whatever name called. In case a student, having joined the M.Com course, is not able to claim exemption in the papers stated in its entirety, by reason of having not passed the CA Final Examination by whatever name called, he shall be eligible to sit in the remaining papers mentioned in Clause 3 and on passing the same as per the scheme of the University, shall be eligible to M.Com degree. 7. Classification of Successful Candidates / Declaration of PASS

There is no classification of successful candidates who pass the papers of the Degree course with exemption of papers. Such candidates will be declared to have passed the papers and will be classified as PASS. All other candidates who complete the course as per the scheme of examination are alone eligible for classification, ranking and distinction. 8. Provision for existing Chartered Accountants

In case an existing Chartered Accountant wants to get M.Com degree they can apply through the institute and exemptions will be given as per clause 5 of the above. The rest of the papers need to be completed to get the degree. They can be admitted as lateral entry students.

BACHELOR OF BUSINESS ADMINISTRATION (BBA) 1. Admission to the Course

A candidate who fulfills any one of the following two conditions is eligible for admission to this programme: (i) Who has passed the entry level examination of Chartered Accountancy Course of ICAI (by whatever name called say Entrance / Foundation / Professional Education I / Common Proficiency Test), or: Who has passed the intermediate stage of Chartered Accountancy Course of ICAI (by whatever name called say Intermediate / Professional Education II / Professional Competence Course). Admission and Course Fee

(ii)

2.

A student shall pay such fees for admission to the course as it may fix it from time to time. The present fee for this special course is Rs. 18000 (Rupees Eighteen Thousand only)(for three years). 3. Course contents

A candidate shall be examined in the papers stated below and as per the syllabus approved by the University. First Year (Stage I) Paper No Part I Part II Paper I Paper II Allied I PAPER Language # / Banking and Financial Services English Principles of Management Financial Accounting Business Statistics and Operations Research Marks 100 100 100 100 100

Second Year (Stage- II) Paper No Paper III Paper IV Paper V PAPER Business Communication Cost and Management Accounting Business Environment Marks 100 100 100
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Paper VI Allied II

Business Regulatory Framework Managerial Economics

100 100

Third Year (Stage III) Paper No Paper VII Paper VIII Paper IX Paper X Paper XI Financial Management Marketing Management Production and Material Management Human Resource Management Entrepreneurship Development and Management of Small Business PAPER Marks 100 100 100 100 100

4.

Proposed Exemption of Papers

Students who have already passed the Intermediate/PE-II/PCC examination of Chartered Accountancy Course of ICAI (by whatever name called) shall be eligible for exemption in respect of the following papers: First Year (Stage I) Paper No Paper II Financial Accounting PAPER Marks 100

Second Year (Stage II) Paper No Paper III Paper IV PAPER Business Communication Cost and Management Accounting Marks 100 100

Third year (Stage III) Paper No Paper VII Financial Management PAPER Marks 100

5.

Examination and related Fees

The examination fee as may be prescribed by the University of Madras from time to time shall be payable by the students to the university. 6. Medium of Instruction This programme shall be offered in the English medium. 7. Eligibility for Degree

The student shall be awarded B.B.A. degree by University of Madras if he/she has passed all papers stated hereinabove except those exempted , in view of having passed the Intermediate stage examination of CA course of ICAI by whatever name called. Further on completion of PCC or its equivalent a student becomes eligible for the degree after 6 months of completion of PCC or completing all the courses whichever is earlier. 8. Classification of successful Candidates / Declaration of PASS

There is no classification of successful candidates who pass the papers of the Degree course with exemption of papers. Such candidates will be declared to have passed the papers and will be classified as PASS. Other Candidates who complete the course as per the scheme of examination are alone eligible for classification, ranking and distinction.

MASTER OF BUSINESS ADMINISTRATION (MBA)

1.

Admission to the Course

A candidate who is either a graduate from a recognized University or has passed the Final examination of Chartered Accountancy Course of ICAI or on completing the BBA / B.Com degree through ICAI shall be eligible for admission to M.B.A. Course. 2. Admission and Course Fee

A student shall pay such fees for admission to the course as it may fix it from time to time. The fee for this special course is Rs. 35000 (Rupees Thirty Thousand only)(for two years). 3. Course contents

A candidate shall be examined in the papers stated below as approved by the University. First Year (Stage I) Paper No Paper I Paper II Paper III Paper IV Paper V Paper VI Paper VII Paper VIII Paper IX Paper X Management Principles Quantitative Methods in Business Organizational Behaviour Management Accounting Managerial Economics Legal System in Business Research Methodology and Communication Applied Operations Research Human Resource Management Marketing Management PAPER Marks 100 100 100 100 100 100 100 100 100 100

Second Year (Stage II) Paper No Paper XI Paper XII Paper XIII PAPER Production and Material Management Financial Management Computer Language for Management
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Marks 100 100 100

Paper XIV Paper XV Paper XVI Paper XVII To XX Paper

Business Policy and Strategic Management Management Information system and EDP International Marketing Elective Subjects

100 100 100 100

Elective Subjects (Four Papers in any one of the following elective subjects) Marketing xvii. Marketing Research and Consumer Behaviour xviii. Advertising Management and Sales Promotion xix. Sales Management and Distribution Management xx. Services Marketing Finance xvii. Corporate Finance xviii. Security Analysis and Portfolio Management xix. Tax Management xx. Merchant Banking and Financial Services Systems xvii. Data Base Management Systems xviii. System Analysis and Design xix. Decision Support System xx. E- Business Technology and Management Human Resource xvii. Industrial and Labour Relations xviii. Human Resource Development xix. Total Quality Management xx. Training and Development 4. Exemptions of Papers

Students who have passed the Final stage Examination of Chartered Accountancy Course of ICAI (by whatever name called) shall be eligible for exemption in respect of the following papers:
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First Year (Stage I) Paper No Paper IV Paper VI Paper VIII Management Accounting Legal System in Business Applied Operations Research Paper Marks 100 100 100

Second Year (Stage II) Paper No Paper XII Paper XIII Paper XV Financial Management Computer Language for Management Management Information system and EDP Paper Marks 100 100 100

Electives in Finance: Paper XVII : Corporate Finance Paper XIX : Tax Management 5. Examination and related Fees

The examination fee as may be prescribed by the University of Madras from time to time shall be payable by the students to the university. 6. Medium of Instruction This programme shall be offered in the English medium. 7. Eligibility for Degree

The student shall be awarded M.B.A. degree by University of Madras if he/she has passed all papers stated hereinabove except those exempted in view of having passed the Final examination of CA course of ICAI by whatever name called. In case a student having joined the MBA Programme is not able to claim exemptions in the papers stated in clause 5 in its entirety by reason of having not passed the CA final examination he or she shall be eligible to appear for the remaining papers mentioned and on passing the same as per the scheme of the University shall be eligible for the MBA degree 8. Classification of successful Candidates / Declaration of PASS

There is no classification of successful candidates who pass the papers of the Degree course with exemption of papers. Such candidates will be declared to have passed the papers and will be classified as PASS. All other candidates who complete the course as per the scheme of examination are alone eligible for classification, ranking and distinction. *** ***
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