CMA Intermediate
- Description
- Curriculum
- FAQ
- Notice
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[for every student having registered for the intermediate course on
or after 11th February, 2020]
apply theoretical knowledge of cost and management accounting to
practical situations in various professional fields
▪ Providing practical exposure to the eco-system under which
different organizations operate
▪ Providing on-job experience of practical and contemporary aspects
of cost and management accounting arena
▪ Developing a nd nourishing pool o f employable and future - ready
professionals
▪ Developing disciplined attitude required to grow as a professional
▪ Creating awareness and consciousness on ethical values in the
professional journey
or after 11th February, 2020 shall be required to undergo practical
training for a period of 15 months before the date of declaration of
examination result of both or remaining group of final examination
to the satisfaction of Council in any one or more of the organization(s)
specified in ‘Appendix A’, and in areas as specified in ‘Appendix B’ for
the recognition for training [UDIN is mandatory wherever applicable].
However, a student t o become eligible t o appear i n the final
e x a m i n a t i o n must satisfy the criteria on such cut -off date a s
ma y be specified from time to time. The cut -off date for certification
of Form T -5 shall b e 3 1 set August for appearing i n December e x a m i
n a t i o n w h i c h s h a l l s p e c i f y completion of at least 10 months
of training a s on t hat date .The cut-off date for
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examination which shall specify completion of at least 10 months of
training as on that date.
Course at the Intermediate Level.
(1) Practicing Cost Accountant or
(2) a firm of Cost Accountants or
(3) in any of the following organizations:
i. Central/State Government / Semi-Government / Public Utilities.
ii. Banks/Insurance/ other Financial Institution
iii. Public Sector Undertakings
iv. Universities, Ma na g eme nt Ins titut es a nd a n y o t h e r
r e c o g n i z e d educational institute
v. Co-operative societies and NGOs
vi. 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.
CA/CS articleship will not be set off/entertained / not be recognized
for CMA Practical Trainingvii. Management Consultant in individual capacity depending on the
size of the firm, nature of duties handled by the applicant related with
cost and management accounting/ financial accounting/ taxation/ MIS or
of similar nature, size of the client companies etc.
viii. Any other organization(s) with a turnover of `25 Lakhs in case
service sector or `50 Lakhs in case of other than service sector.
ix. MSME/ Start-Up organizations
x. Any other organization(s) as approved by the Council
ii. Cost Accounting
iii. Financial Accounting
iv. Financial Management
v. Auditing
vi. Regulatory compliances
vii. Direct Taxation
viii. Indirect taxation
ix. Corporate Laws, Industrial Laws, Commercial Laws
x. Systems Analysis, Information Technology (including ERP system)
xi. Project Management
xii. Banking Operation
xiii. Insurance
xiv. Insolvency & Valuation
xv. Financial Services
xvi. Teaching in Finance, Accounts, Costing, Taxation and Management.
xvii. Management Consultancy Services as defined in appendix 6 under
Regulation 111 of CWA Regulation, 1959.
xviii. Engineering Services involved in production of power or any
manufacturing activities, Project Planning & Management, Quality
Assessment, and Supply Chain Management.
xix. Any other areas approved by the Council.
of the recognized Organizations as given in ‘Appendix A’ and in any
of the recognized areas as given in ‘Appendix B’, can claim exemption from
Practical Training by following the procedures given below:
▪ Submission of Online Form T-3 to Directorate of Training and
Placement of the Institute along with a Payment for `2000/-.
▪ The students whose applications are received and found eligible on or
before 31st May will be eligible to appear for June Examination and
30th November will be eligible to appear for December Examination
respectively.
▪ A student can seek exemption from Practical Training immediately
after joining the Intermediate course, or at any time during the
course of studies subject to dates given above if the student is
otherwise eligible.
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 above.
Organizations as defined in ‘Appendix A’ or Practicing Cost Accountants.
A student after joining an Organization/ Practicing Cost Accountants
has to intimate the Institute within 30 days from the date of joining
about the fact of his/her Training by following the below mentioned
procedures:
a. Online Submission o f Form No. T-1 (with UDIN) i n case o f
PCMA/firm of Cost Accountants.
b. The documents that need to be submitted along with Form T-3 are as
follows:
▪ Scan copy of Experience certificate (stating designation, area of
work & duration), duly signed by the Competent Authority of the
organization in which employed/were employed.
▪ Scan Copy of Audited balance sheet of employers or any other proof
of turnover, wherever required (A letter mentioning the turnover of
the company on the letterhead of the company, signed with seal)
▪ Scan Copy of current salary slip duly attested by employer.
c. Online Submis s io n o f T-4 in case of training with recognized
Organizations as specified in ‘Appendix A’.d. Online Submission of Form T-5 before applying for both or
remaining group in Final Examination.
e. All the forms T-1, T-4, T-5, relating to Practical Training can be
downloaded from the link http://eicmai.org/training-forms-new/
f. In order to help the students. Institute will also maintain database
of organizations and firms interested to impart practical training to
the students, in its website www.icmai.in
Training Scheme is online.
No Offline Forms/Hard Copies related to the Practical Training is
entertained.
The required link for the same is as follows:
https://eicmai.in/Training-forms-new/login.aspx
follows:
▪ Scan copy of Experience certificate (stating designation, area of work
& duration), duly signed by the Competent Authority of the
organization in which employed/were employed.
▪ Scan Copy of Audited balance sheet of employers or any other
proof of turnover, wherever required (A letter mentioning the turnover
of the company on the letterhead of the company, signed
with seal)
for CMA Practical Training.
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.
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Management Consultant in individual capacity depending on the size of
the firm, nature of duties handled by the applicant related with cost
and management accounting/ financial accounting/ taxation/ MIS
or of similar nature, size of the client companies etc.
letter mentioning the turnover of the company on the letterhead
of the company, signed with seal) (Any other organization(s) with a
turnover of `25 Lakhs in case service sector or `50 Lakhs in case of
other than service secto
Training@icmai.in.
Practical Training and is the first phase. But, the process is not yet
complete.
Approved means the second phase and the process related to Practical
Training is now complete. You are now eligible to sit for the exams.
Organisations, MNCs, PSUs, Govt. Organisations, Banking, Insurance
Companies and MSME/ Start-Up organizations.
the Institute within 30 Days of such changes with all the relevant
documents i . e . New online Form T-1 (with UDIN)/T-4, experience
certificate from principal or employer along with a fee of ` 1000/-.
In case of change of Principal/Employer, i.e. students serving under
different Principal/Employer, the accumulated period of training shall
include training periods undergone with different Principal/Employers,
including the days of leave availed as per rules but leave availed, if any. Not more than three (3) changes shall be allowed
within a period of fifteen months of training
upload Form T5 in the Practical Training Portal.
http://icmai.in/studentsIbsite/Training_prac_train.php
You should immediately inform the Institute with application for reason
of delay and upload the respective forms.
Training is not applicable on you and you can appear in the final
examination without submitting any form to the institute.
may visit the website of the Institute. The List of Practicing Cost
Accountants are given at:
http://icmai.in/studentsIbsite/Training_cost_account_firm_register.
php and list of Organizations are given at
http://icmai.in/studentsIbsite/Training_org_register.php for imparting
Training you may search these PCMAs/Organizations “City wise” and
approach them with your resume for tying up for Practical Training.
Opportunities are also being uploaded in the Training Portal of the
Institute as and when it arises.
is entitled to, shall be required to undergo Training for a further period
equivalent to the excess leave taken by him.
Only one time Intimation is required for appearing in the examinations
(Form T-5).
No off line mode or e-mail communication is entertained.
No off line mode or e-mail communication is entertained.
We need the audited Balance Sheet figures stating the total revenue or
total sales or total liabilities
with pay per month excluding the normal holidays.
ii. The trainee shall be eligible for 60 days leave without pay for appearing
in the examination of the Institute in the total span of training period.
The trainees availing leave in excess of the period of leave to which
he/she is entitled to shall be required to undergo training for a further
period equivalent to the excess leave taken by him.
hours per week.
▪ Hours spent on any conference, course, seminar organized by the
Institute/Region/Chapter shall be treated as period covered under
training
a) Practicing Cost Accountant (Associate Member) 10
b) Practicing Cost Accountant (Fellow Member) 15
registered for Intermediate Course before 11th February, 2020.
for Intermediate Course before 11th February, 2020 will be continued
till further notification is released on the same.
experience of 3 years to obtain membership of the Institute.
th July 2019, for all practicing Cost &
Management Accountants (CMAs) to generate and obtain UDIN for all
Certificates issued, containing financial information or any other
contents; which are certified by them to be True and Fair.
Unique Document Identification Number (UDIN) is an 18-Digits
system generated unique number for to be entered on every document
certified/attested by Practicing Cost Accountants/CMAs. The concept
of UDIN (Unique Document Identification Number) is implemented to
enable user Authorities and Stakeholders to ensure that the
certification and/or attestation of the Costing Data / documents /
certificates is done by an eligible Practicing Cost Accountant/CMA only.
UDIN secures the certificates attested / certified by practicing CMAs
(in full time practice only).
UDIN Web Portal enables the third parties (Authorities / Regulators /
Banks / Others) to check the authenticity of the documents.
✓ https://eicmai.in/udin/Home.aspx
✓ https://icmai.in/upload/pd/FAQs_UDIN.pdf
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