CMA Exemption for ICSI, CIMA, ACCA UK & Engineering Trainees. Here we are supplying Complete details of Exemption For Different Credentials Like– Exemption for CS Trainees, Exemption for CIMA– UK Trainees, Exemption for ACCA– UK Trainees and so on. Just recently we also provide total details for CMA Conversion to Syllabus 2012 from 2002 via 2008 and CMA Information on Conversion to Curriculum Now you can scroll down below and examine total details relating to CWA/CMA CMA Exemption for ICSI, CIMA, ACCA-UK & Engineering
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CMA Exemption for ICSI, CIMA, ACCA UK & Engineering
Qualification-based RECIPROCAL EXEMPTION PLAN under Curriculum 2012 in between the Institute of Expense Accountants of India and the Institute of Business Secretaries of India
| Exemption to ICSI passed candidates from documents of the Institute of Expense Accountants of India | Exemption to the Institute of Cost Accountants of India passed candidates from documents of ICSI |
| Foundation course Full exemption | Foundation Program-Full exemption |
| Intermediate course | Executive Programme |
| Group 1, Paper 7: Direct Tax | Module 1, Paper 2: Expense and Management Accounting |
| Group 1, Paper 8: Cost Accounting and Financial Management | Module 1, Paper 4: Tax Laws and Practice |
| Group 2, Paper 12: Business Accounts and Audit | Module 2, Paper 5: Company Accounts and Auditing Practices |
| Final Course | Specialist Programme |
| Group 3 Paper 13: Corporate Laws & Compliance | Module 1, Paper 1: Advanced Company Law & Practice |
| Group 3 Paper 14: Advanced Financial Management | Module 2, Paper 5: Financial, Treasury and Forex Management |
| Group 3, Paper 16: Tax Management and Practice | Module 3, Paper 7: Advanced Tax Laws and Practice |
Further, the subject exemption fee for each paper is fixed at Rs.1,000/- (Rupees One Thousand just )
ICSI- credentials based exemption given and availed under Syllabus 2008 now chooses to pursue the Course under Syllabus 2012
Must Check Out– CMA Explanation on Conversion to Syllabus 2012
Any trainee pursuing the course of the Institute, to whom, subject exemption under Curriculum 2008 was granted on the basis of ICSI-Qualification, now desires to go with pursuing the course under Syllabus 2012, will be guided by the following procedure:
| ICSI- Qualification based exemption approved under Curriculum 2008 | ICSI- Certification based exemption to be given under Syllabus 2012 | Special Note |
| Intermediate Course | ||
| Paper 5– Financial Accounting of Group I | NO CORRESPONDING EXEMPTION AGAINST THIS PAPER | Student Shall Have to appear in “Paper 5– Financial Accounting” |
| Paper 7– Applied Direct Taxation of Group I | Paper 7– Direct Taxation of Group I | |
| Paper 8– Expense Accounting & Financial Management under Group I | ||
| Paper 12– Business Accounts and Audit of | This is a fringe benefits offered to a trainee as per ICAI-ICSI MoU– Reciprocal Exemption Scheme. | |
| Group II | However, the exemption is not granted suo-moto and thus, the trainee will need to make an application to the Directorate of Researches, Headquarters, CMA Bhawan, 12, Sudder Street, alongwith the prescribed charge of Rs.1,000/- (Rupees One Thousand just), per subject attracted favour of the Institute of Expense Accountants of India, payable at Kolkata. Upon invoice of the exact same, Directorate of Studies, would release a revised letter giving exemption from appearing in the topics according to MoU for this Intermediate Course |
Note: Qualification-based exemption will remain legitimate as was/is used for that particular Syllabus just.
Example: If a trainee to whom exemption in some defined papers under Curriculum 2008 were given on the basis of ICSI-qualification, then such exemption shall stay valid and can just be availed under Curriculum 2008
Must Read– CMA Clarification on Conversion to Curriculum 2012
So, if these students until June 2015, being the last term of Evaluation, under “Syllabus 2008”, stops working to qualify the particular course (state Intermediate or Final), then the benefit/ exemption so given, will not be used further on the same subjects. However, the benefit would be used only based on topics in “Curriculum 2012”. Students are to follow the treatment prescribed/ to be prescribed by the Directorate of Researches, from time to time.
| ICSI- Credentials based exemption approved under Curriculum 2008 | ICSI- Credentials based exemption to be granted under Curriculum 2012 | Unique Note |
| Paper 12– Financial Management & International Financing of Group III | Paper 14– Advanced Financial Management of Group III | |
| Paper 14– Indirect and Direct Tax Management of Group III | Paper 16– Tax Management & Practice of Group III | |
| Paper 13– Corporate Laws & Compliance of Group III | This is the fringe benefit used to the trainee based on ICAI-ICSI MoU– Mutual Exemption Scheme. Nevertheless, the exemption is not given suomoto and for this reason, the trainee shall have to make an application to the Directorate of Researches, Headquarters, CMA Bhawan, 12, Sudder Street, alongwith the prescribed cost of Rs.1,000/- (Rupees One Thousand only),[for this subject] attracted favour of the Institute of Cost Accounting Professionals of India, payable at Kolkata. Upon receipt of the exact same, Directorate of Studies, would release a revised letter granting exemption from appearing in the topics according to MoU for this Last Course |
Exemption for Engineering Graduates
For Engineering Graduates having actually finished 2nd year/IV Semester/equivalent or Graduate Engineers (certified Engineering Final Evaluation)
Exemption from appearing in the following two papers at the Intermediate Course under Syllabus 2012:
Paper 6— Laws, Ethics & Governance (LEG)
Paper 9— Operations Management & Details System (OMIS
Exemption for CIMA– UK certified students
CIMA– UK certified trainees are eligible to exemption in following papers under curriculum 2012.
| Foundation- Complete exemption | |
| Intermediate: | Last: |
| Paper 5- Financial Accounting | Paper 14- Advanced Financial Management |
| Paper 8-Cost Accounting and Financial Management | Paper 15- Business Strategy and Strategic Expense Management |
| Paper 9-Operations Management and Info Systems | Paper 17- Strategic Performance Management |
| Paper 10- Expense and Management Accountancy | Paper 18- Corporate Financial Reporting |
| Paper 12- Business Accounts and Audit | Paper 20- Monetary Analysis and Organization Evaluation |
| Even more, the subject exemption charge for each paper is repaired at Rs.1,000/- (Rupees One Thousand only ) |
Exemption for ACCA- UK certified trainees
ACCA- UK certified students are eligible to exemption in following documents under syllabus 2012.
| Foundation- Complete exemption | |
| Intermediate: | Final: |
| Paper 5- Financial Accounting | Paper 14- Advanced Financial Management |
| Paper 6– Laws, Ethics & Governance | Paper 15- Organization Method and Strategic Cost Management |
| Paper 8-Cost Accounting and Financial Management | Paper 17- Strategic Performance Management |
| Paper 10- Expense and Management Accountancy | Paper 18- Corporate Financial Reporting |
| Paper 12- Business Accounts and Audit | Paper 20- Monetary Analysis and Organization Assessment |
| Even more, the subject exemption charge for each paper is repaired at Rs.1,000/- (Rupees One Thousand only ) |
Must Read– CMA Information on Conversion to Syllabus 2012
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