CMA-ICMAI EXEMPTION for various qualifications| 10 Papers are exempted for CIMA & ACCA


In this article you will be read about ICMAI(CMA) exemptions for various qualifications , ICAI-ICSI papers exemption, CMA and CS exemption, CMA ACCA papers exemptions, CMA CIMA papers exemptions.



CMA-ICMAI EXEMPTION for various qualifications
 Diploma recognition exemption scheme based on the 2012 syllabus qualification between the Institute of Cost Accountants of India and the Institute of Company Secretaries of India
Exemption to the ICSI passed the candidates from papers of the Institute of  Company Secretaries Accountants in India of the to the Institute of costs Accountants of the of India passed the candidates from papers of ICSI.(RECIPROCAL EXEMPTION SCHEME )




However, the exemption is not granted to the suo-moto and therefore the student must apply to the Directorate of Studies, Headquarters, CMA Bhawan, 12 Sudder Street, with the prescribed fee of Rs 1000. Thousand only), by subject drawn in favor of the Institute of Accountants of India, payable at Kolkata. Upon receipt of the same, Directorate of Studies, would issue a revised letter granting the exemption to appear in subjects according to the MoU for this intermediate course.
Note:
The exemption based on qualification remains valid as was the case for the respective Syllabus only.



Example: If a student to whom an exemption in certain papers specified in Syllabus 2008 has been granted on the basis of the ICSI qualification, this exemption will remain valid and can only be used in Syllabus 2008.

Therefore, if these students are not eligible for the respective course (eg Intermediate or Final), the benefit / exemption will not be offered on the same subject basis. However, the benefit would be offered only as per subjects in "Syllabus 2012". Students must follow the procedure prescribed / prescribed by the Directorate of Studies from time to time.





 This is the additional benefit offered to the student in accordance with the ICAI-ICSI Memorandum - Reciprocal Exemption Program. However, the exemption is not granted to the suo-moto and therefore the student must apply to the Directorate of Studies, Headquarters, CMA Bhawan, 12 Sudder Street, with the prescribed fee of Rs.1000(One Thousand only) pulled in favor of the Institute of Accountants of India costs, payable to Kolkata. Upon receipt of the same, Directorate of Studies, would issue a revised letter granting exemption from appearing in subjects according to MoU for this final course.

Also Read:
 Clarifiaction for ICMAI Exemption for CIMA-UK and ACCA-UK under Syllabus 2012 /2016 


2.    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)


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CMA exemptions for CIMA & ACCA: 10 Papers are exempted for CIMA & ACCA

CIMA - UK qualified students are eligible to exemption in following papers under syllabus 2012.
Foundation- Complete exemption.

CIMA Intermediate :

Paper 5- Financial Accounting

Paper 8-Cost Accounting and Financial Management

Paper 9-Operations Management and Information Systems

Paper 10- Cost and Management Accountancy

Paper 12- Company Accounts and Audit

CIMA Final :

Paper 14- Advanced Financial Management

Paper 15- Business Strategy and Strategic Cost Management

Paper 17- Strategic Performance Management

Paper 18- Corporate Financial Reporting

Paper 20- Financial Analysis and Business Valuation

Further, the subject exemption fee for each paper is fixed at Rs.1,000/- (Rupees One Thousand only ).

For details visit http://www.icmai.in/upload/Institute/MOU/CIMA-CMA-Exemption-Mapping.pdf

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

ACCA - Intermediate :

Paper 5- Financial Accounting

Paper 6 - Laws, Ethics & Governance

Paper 8-Cost Accounting and Financial Management

Paper 10- Cost and Management Accountancy

Paper 12- Company Accounts and Audit

ACCA - Final :

Paper 14- Advanced Financial Management

Paper 15- Business Strategy and Strategic Cost Management

Paper 17- Strategic Performance Management

Paper 18- Corporate Financial Reporting

Paper 20- Financial Analysis and Business Valuation

Further, the subject exemption fee for each paper is fixed at Rs.1,000/- (Rupees One Thousand only )
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