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CMA Exemption for ICSI, CIMA, ACCA-UK & Engineering

CMA Exemption for ICSI, CIMA, ACCA-UK & Engineering Students. Hi Freinds Here we are providing Complete details of Exemption For Various Qualification Like – Exemption for CS Students, Exemption for CIMA – UK Students, Exemption for ACCA – UK Students etc. Recently we also provide complete details for CMA Conversion to Syllabus 2012 from 2002 via 2008 and CMA Clarification on Conversion to Syllabus 2012. Now you can scroll down below and check complete details regarding 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 SCHEME under Syllabus 2012 between the Institute of Cost Accountants of India and the Institute of Company Secretaries of India

Exemption to ICSI passed candidates from papers of the Institute of Cost Accountants of IndiaExemption to the Institute of Cost Accountants of India passed candidates from papers of ICSI
Foundation course Full exemptionFoundation Program-Full exemption
Intermediate courseExecutive Programme
Group 1, Paper 7 : Direct TaxationModule 1, Paper 2: Cost and Management Accounting
Group 1, Paper 8: Cost Accounting and Financial ManagementModule 1, Paper 4: Tax Laws and Practice
Group 2, Paper 12: Company Accounts and AuditModule 2, Paper 5 : Company Accounts and Auditing Practices
Final CourseProfessional Programme
Group 3 Paper 13: Corporate Laws & ComplianceModule 1, Paper 1: Advanced Company Law & Practice
Group 3 Paper 14:Advanced Financial ManagementModule 2, Paper 5 : Financial, Treasury and Forex Management
Group 3, Paper 16: Tax Management and PracticeModule 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 only )

ICSI- qualification based exemption granted and availed under Syllabus 2008 now opts to pursue the Course under Syllabus 2012

Must Read – CMA Clarification on Conversion to Syllabus 2012

Any student pursuing the course of the Institute, to whom, subject exemption under Syllabus 2008 was granted on the basis of ICSI-Qualification, now desires to opt for pursuing the course under Syllabus 2012, shall be guided by the following procedure:

ICSI- Qualification based exemption granted under Syllabus 2008 ICSI- Qualification based exemption to be granted under Syllabus 2012 Special Note
Intermediate Course
Paper 5 – Financial Accounting of Group INO CORRESPONDING EXEMPTION AGAINST THIS PAPERStudent Shall Have to appear in “Paper 5 – Financial Accounting”
Paper 7 – Applied Direct Taxation of Group IPaper 7 – Direct Taxation of Group I
Paper 8 – Cost Accounting & Financial Management under Group I
Paper 12 – Company Accounts and Audit ofThis is an additional benefits offered to a student as per ICAI-ICSI MoU – Reciprocal Exemption Scheme.
Group IIHowever, the exemption is not granted suo-moto and hence, the student shall have to make an application to the Directorate of Studies, Headquarters, CMA Bhawan, 12, Sudder Street, alongwith the prescribed fee of Rs.1,000/- (Rupees One Thousand only), per subject drawn in favour of the Institute of Cost Accountants of India, payable at Kolkata. Upon receipt of the same, Directorate of Studies, would issue a revised letter granting exemption from appearing in the subjects as per MoU for this Intermediate Course

Note: Qualification-based exemption shall remain valid as was/is offered for that respective Syllabus only.

Example: If a student to whom exemption in some specified papers under Syllabus 2008 were granted on the basis of ICSI-qualification, then such exemption shall remain valid and can only be availed under Syllabus 2008

Must Read – CMA Clarification on Conversion to Syllabus 2012

So, if these students until June 2015, being the last term of Examination, under “Syllabus 2008”, fails to qualify the respective course (say Intermediate or Final), then the benefit / exemption so granted, will not be offered further on the same subjects. However, the benefit would be offered only as per subjects in “Syllabus 2012”. Students are to follow the procedure prescribed/ to be prescribed by the Directorate of Studies, from time to time.

ICSI- Qualification based exemption granted under Syllabus 2008ICSI- Qualification based exemption to be granted under Syllabus 2012 Special Note
Paper 12 – Financial Management & International Finance of Group IIIPaper 14 – Advanced Financial Management of Group III
Paper 14 – Indirect and Direct Tax Management of Group IIIPaper 16 – Tax Management & Practice of Group III
Paper 13 – Corporate Laws & Compliance of Group IIIThis is the additional benefit offered to the student as per ICAI-ICSI MoU – Reciprocal Exemption Scheme. However, the exemption is not granted suomoto and hence, the student shall have to make an application to the Directorate of Studies, Headquarters, CMA Bhawan, 12, Sudder Street, alongwith the prescribed fee of Rs.1,000/- (Rupees One Thousand only),[for this subject] drawn in favour of the Institute of Cost Accountants of India, payable at Kolkata. Upon receipt of the same, Directorate of Studies, would issue a revised letter granting exemption from appearing in the subjects as per MoU for this Final Course

Exemption for Engineering Graduates

For Engineering Graduates having completed 2nd year/IV Semester/equivalent or Graduate Engineers (qualified Engineering Final Examination)

Exempted from CMA Foundation Course

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 & Information System (OMIS

Exemption for CIMA – UK qualified students

CIMA – UK qualified students are eligible to exemption in following papers under syllabus 2012.

Foundation- Complete exemption
Intermediate :Final :
Paper 5- Financial AccountingPaper 14- Advanced Financial Management
Paper 8-Cost Accounting and Financial ManagementPaper 15- Business Strategy and Strategic Cost Management
Paper 9-Operations Management and Information SystemsPaper 17- Strategic Performance Management
Paper 10- Cost and Management AccountancyPaper 18- Corporate Financial Reporting
Paper 12- Company Accounts and AuditPaper 20- Financial Analysis and Business Valuation
Further, the subject exemption fee for each paper is fixed at Rs.1,000/- (Rupees One Thousand only )

Exemption for ACCA- UK qualified students

ACCA- UK qualified students are eligible to exemption in following papers under syllabus 2012.

Foundation- Complete exemption
Intermediate :Final :
Paper 5- Financial AccountingPaper 14- Advanced Financial Management
Paper 6 – Laws, Ethics & GovernancePaper 15- Business Strategy and Strategic Cost Management
Paper 8-Cost Accounting and Financial ManagementPaper 17- Strategic Performance Management
Paper 10- Cost and Management AccountancyPaper 18- Corporate Financial Reporting
Paper 12- Company Accounts and AuditPaper 20- Financial Analysis and Business Valuation
Further, the subject exemption fee for each paper is fixed at Rs.1,000/- (Rupees One Thousand only )

Must Read – CMA Clarification on Conversion to Syllabus 2012

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