Pleasenote that Students for being eligible to make an application to appear in the final examination of Dec 2013 must (a) complete at least 6 months of Practical Training in any one or more of the organization specified in Appendix A, and in areas as specified in Appendix B; (Or) (b) must have an experience of at least 6 months in any one or more of the organization specified in Appendix A, and in areas as specified in Appendix B , If not able to fulfill (a) and (b) above, student must (c) enroll for the I- CMA Training Module as indicated in Appendix C This I-CMA Training Module will be available till Dec 2014 final examination only. The students who are appearing for final examination from June 2015 or further will have to complete either (a) or (b) Organizations Specified in Appendix A are: Organizations recognized for Practical Training A Cost Trainee shall undergo practical training under (1) Practicing Cost Accountant or (2) a firm of Cost Accountants or (3) in any of the following organizations. Central/State Government / Semi-Government / Public Utilities. Banks/Insurance/ other Financial Institution Public Sector Unit Universities, Management Institutes and any other recognized educational institute Co-operative societies engaged in Banking, Manufacturing. Any other organization with a turnover of Rs. 50 Lakhs in case service sector or Rs. 1 crore in case of other than service sector. If the firm of Chartered Accountants/ Company Secretaries has separate Management Consultancy Division and if the applicant has exclusively worked in that division, credence to such service is given on percentage basis depending on the nature of job related with cost/ management accounting/ financial accounting/ taxation/ MIS or of similar nature, size of the firm, nature of duties handled by the applicant, size of the client companies etc. Management Consultant in individual capacity depending on the size of the firm, nature of duties handled by the applicant related with cost/ management accounting/ financial accounting/ taxation/ MIS or of similar nature, size of the client companies etc. Note: Practicing Chartered Accountants/Company Secretaries are exempted from the Practical Training Scheme and they will have to seek exemption after duly following the procedures on payment of exemption fee as prescribed. Any other institution as approved by the Council and Recognized areas of training specified in Appendix B are Management Accounting Cost Accounting Financial Accounting Financial Management Auditing Regulatory compliances Direct Taxation Indirect taxation Corporate Laws, Industrial Laws, Commercial Laws Systems Analysis, Information Technology (including ERP system) Project Management Banking Operation Insurance Valuation Financial Services Teaching in Finance, Accounts, Costing, Taxation and Management. Management Consultancy Services as defined in appendix 6 under Regulation 111 of CWA Regulation, 1959. Engineering Services involved in production of power or any manufacturing activities, Project Planning & Management, Quality Assessment, and Supply Chain Management. Any other areas approved by the Council.
Posted on: Sun, 01 Sep 2013 09:30:14 +0000
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