15% Off on all Video classes today, Use code RESULTDAY or give missed call at 9980100288
CA Final Download the best Free CA FINAL android app for cracking your exam! Download Now
They are the best ca final faculties in India. They have produced many toppers & rank holders. Their video classes are available only here -
CHECK VIDEO CLASSES HERE

Additional qualification courses for CMA | ICWAI

Additional qualification courses for CMA | ICWAI

Additional qualification courses for CMA – There are various courses which a student can pursue with CMA. We are here providing the best additional qualification courses CMA. Additional qualification courses for CMA | ICWAI are as follows.

Additional qualification courses for CMA | ICWAI

CMA is a commerce related course so if you want to add an additional qualification with CMA you should do a course which helps you to grow as Commerce professional. Rest is dependent on your choice and vision.Additional qualification courses for CMA | ICWAI are as follows:

i. CS, CA , CFA (India), CFA (USA), CMA (UK)

ii. MBA Finance

CS, CA , CFA (India), CFA (USA), CMA (UK)

All these courses are long term duration and it will take more than 3 years’ time to complete them. In Indian context, out of these courses most preferred courses are CS and CA. You may easily find students who are doing CA and CS simultaneously. CFA stands for Chartered Financial Analyst. The combination of CA+CFA is good in case you have interest in Investment banking and Portfolio Management.

i. CPA, CFP, CIA (USA), CISA etc. are medium term duration depending upon the devotion and your level of knowledge and interest.

MBA Finance

With CMA you may go for MBA Finance from a reputed and recognized university, Institute or college. MBA Finance will complement your CMA qualification wonderfully. MBA Finance will help you to develop different administrative skills which when merged with your financial skills will put you to a different level altogether. With MBA Finance qualification you’ll be able to portray yourself as a professional having top management strategic, financial, business administration and business development knowledge and understanding.

i. CPA, CFP, CIA (USA), CISA etc. are medium term duration depending upon the devotion and your level of knowledge and interest.

ii. Certification Programmes: There are many certification programmes like, CIFRS, NCFM, CMA (US) etc which you can pursue along with CMA qualification.

iii. Certification courses offered by ICMAI: There are various certification and post qualification courses offered by ICAI which are available at the link mentioned below:

Additional qualification courses for CMA | ICMAI Diploma Courses

Additional qualification courses for CMA | ICWAI Short Term Certificate Programs

An opportunity for the Corporates to partner and to develop their inhouse talent by acquiring knowledge, acumen and competencies to deliver high performance

The Directorate offers short term certificate courses to its members and other professionals, depending upon the assessed demand from the Industry from time to time.

The Directorate has offered certificate courses in the following disciplines till date:

  • Business Valuation
  • Business Valuation & Corporate Restructuring
  • Enterprise Performance Management System
  • Internal Auditing

EXEMPTION For Various Qualification | Additional qualification courses for CMA

  • 1. 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

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 of Group IIThis is an additional benefits offered to a student as per ICAI-ICSI MoU – Reciprocal Exemption Scheme.
However, 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 .

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 2008

ICSI- Qualification based exemption to be granted under Syllabus 2012

Special Note

FINAL COURSE
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 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),[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.
    • 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)

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

Foundation- Complete exemption.

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

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

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

Foundation- Complete exemption.

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

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

At CAKART (www.cakart.in) you will get everything that you  need  to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors  (ebooks hard copies) best scanners and all exam related information  and notifications.Visit  and chat with our  counselors  any time. We are happy to help you make successful in your  exams.

Click here to watch India’s best CMA Video Classes.

Click here to see a list of India’s most popular CMA text book.

Click here to download FREE CMA books.

Leave a comment

Your email address will not be published. Required fields are marked *