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The MoU was signed by CA. G. Ramaswamy, President, ICAI and Dr. T. Leo Alexander, Registrar, University of Madras in the presence of Dr. R. Kannan, IAS, Principal Secretary to the Government of Tamil Nadu, Higher Education Department and Col. Dr. G. Thiruvasagam, Vice-Chancellor, University of Madras.
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)/ Masters in Business Administration (MBA) for students/members.
The ICAI and the University of Madras (UNOM) have also agreed to carry out research, leading to award of M.Phil and Ph.D. degrees. They have also decided to organise various Joint Seminars on contemporary issues relevant for Commerce and Management and other related subjects.
Any student who has passed the entry level examination of Chartered Accountancy course can take admission either in B.Com or in BBA course. A student who has passed the Intermediate level of (PCE/IPCE) shall be eligible for exemption in 7 papers in B.Com and 5 papers of BBA Course. Similarly, any student of ICAI who has passed the Intermediate level of Chartered Accountancy Course shall be eligible for admission to M.Com/MBA courses of the University of Madras. The Final pass student of Chartered Accountancy Course/a Member of the Institute shall get exemption in four papers of M.Com and six papers of MBA. Final pass student/member of ICAI shall also be eligible for getting exemption in two of the finance specialisation subjects of MBA. They can also pursue MBA course in the specialised field of Marketing/Systems/Human Resources.
The degrees offered under the Memorandum of Understanding (MoU) on one hand will add value to the Members/Students of ICAI to enhance their knowledge and skills. On the other hand, the University of Madras will be enriched by enrolling highly technical and motivated students of ICAI.
For the first time in India, two pioneers of Commerce and Accountancy education are joining hands to promote education to the highest level and to contribute towards nation building.
Source: ICAI Website
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