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ICWAI CMA Course-How to Become Cost Accountant

ICWAI CMA Course-How to Become Cost Accountant

ICWAI CMA Course-How to Become Cost Accountant The Institute of Cost Accountants of India (ICAI) [previously known as the Institute of Cost & Works Accountants of India (ICWAI)] is a premier statutory professional accountancy body in India with the objects of promoting, regulating and developing the profession of Cost Accountancy. It is the only licensing cum regulating body of Cost & Management Accountancy profession in India. It recommends the Cost Accounting Standards to be followed by companies in India to which statutory maintenance of cost records applicable. ICAI is solely responsible for setting the auditing and assurance standards for statutory Cost Audit to be followed in the Audit of Cost statements in India. It also issues other technical guidelines on several aspects like Internal Audit, Management Accounting etc. to be followed by practising Cost Accountants while discharging their services. It works closely with the industries, various departments of Government of India, State governments in India and other Regulating Authorities in India e.g. Reserve Bank of India, Insurance Regulatory and Development Authority, Securities and Exchange Board of India etc. on several aspects of performance, cost optimisation and reporting.

ICWAI CMA Course-How to Become Cost Accountant

This is the primary qualification of the ICAI and following completion of up to three levels (Foundation, Intermediate and Final) examinations and three years of practical training in areas like lManagement Accounting, Cost Accounting, Financial Accounting, Taxation, Audits, Corporate Laws etc. enables an individual to become a Cost & Management Accountant.

  • The new syllabus has been introduced in August 2016 following the International Education Guidelines (IEG) of IFAC to get the advantages in the process of Mutual Recognition Agreement ( MRA) among /different member countries of the world under GATS in WTO.
  • Subjects for examinations include management accounting, Financial Accounting, strategic management, taxation, corporate law, financial management, business valuation, financial reporting and cost & management audit etc.
  • Students who have passed degree examination of any recognised university or equivalent are eligible for admission directly to Intermediate level.
  • Paperwise exemptions on the basis of reciprocal arrangement are available to students who have passed Institute of Company Secretaries of India Final Examination.
  • Examinations are held twice a year in June and December in various examination centres in India and overseas centres. And Results are declared in the month of August and February for June term and December term exams respectively.

A student has to pass three levels of examination and complete three years of practical training to be eligible to apply for Associate membership of the Institute.

The members of the Institute of Cost Accountants of India carry the designation ACMA (Associate Cost and Management Accountant) and FCMA (Fellow Cost and Management Accountant), as applicable based on their type of membership of the institute.

ICWAI CMA Course-How to Become Cost Accountant

Revision in cut-off dates for admission/registration/enrolment:

Notified for general information amendments relating to Revision in time period for admission or registration or enrolment to the CMA Foundation/Intermediate/Final Course.

(A) Cut of dates for CMA Foundation Course:

CourseExisting time periodRevised Time Period
Foundationat least 150 days prior to the date of examinationat least four months prior to the month in which examination is held

Accordingly, the revised time line for Foundation Course are:

For June Examination of the same calendar year31st January
For September Examination of the same calendar year30th April
For December Examination of the same calendar year31st July
For March Examination of the next calendar year31st October

Example:

For June 2017 Examination31st January, 2017
For September 2017 Examination30th April, 2017
For December 2017 Examination31st July, 2017
For March 2017 Examination31st October, 2017

(B) Cut of dates for CMA Intermediate and Final Course:

CourseExisting time periodRevised Time Period
Intermediate or Finalat least six months prior to the month in which examination is heldat least four months prior to the month in which examination is held

Accordingly, the revised time line for registration/enrolment to the Intermediate and Final Course are:

For June term Examination31st January
For December term Examination31st July

Example:

For June 2017 Examination31st January (2017)
For December 2017 Examination31st July, 2017
For June 2017 Examination31st January (2017)

ICWAI CMA Course-How to Become Cost Accountant

Must Read For Detailed Information:

CMA Registration Process – Final, june 2017

CMA Registration Process – Inter, june 2017

CMA Registration Process – Foundation, june 2017

ICWAI CMA Course-How to Become Cost Accountant

(2) Increase in time period for Provisional Admission/Registration

Provisional Admission to theExisting time periodRevised Time Period
Foundation CourseSix (6) monthsThirty six (36) months
Intermediate CourseSix (6) monthsEighteen (18) months

Example:

(a) Cut of dates for CMA For joining Foundation Course:

As per existing provisions a candidate can join CMA Foundation Course and offered provisional admission to the Course while pursuing 10+. However, the student shall be eligible to appear Foundation Course after qualifying 10+2 Examination. So, qualifying 10+2 examination makes the student eligible to get converted from Provisional to Regular status. The conversion is done on the basis of submission of application along with the Pass Certificate/ Mark Sheets (qualifying) for Class 10+2.

This provisional time period from his term of admission to the date of conversion to regular student status is now extended up to 36 (thirty six) months instead of 6 (six) months.

(b) For joining Intermediate Course (while pursuing their Under Graduate studies):

As per existing provisions a candidate can join CMA Intermediate Course would be offered provisional admission to the Course while pursuing their undergraduate courses/studies. The student shall be eligible to appear Intermediate Course only after qualifying Graduation Examination. So, qualifying Graduation examination makes the student eligible to get converted from Provisional to Regular status.

This provisional time period from his term of admission to the date of conversion to regular student status is now extended up to 18 (eighteen) months instead of 6 (six) months.

However, students who would be joining Intermediate Course after qualifying CMA Foundation/CS Foundation/Intermediate by whatever name called qualified Examination of the Institute of Chartered Accountants of India, shall be considered as Regular Students and shall be eligible to appear in Intermediate Course Examination even pendency of undergraduate courses.

ICWAI CMA Course-How to Become Cost Accountant

ICWAI | CMA Foundation Registration Fees – Students who registered at least 4 months before the ICWA Registration Last date are eligible to write the examination.In this article we are providing registration fees, last date for CMA foundation Exam.Now you can Scroll Down Below and Check complete details regarding ICWAI | CMA Foundation Registration – Eligibility, Fees.

ICWAI | CMA Foundation Registration Fee Details:

Cost of Prospectus – Rs. 250/- Click here For complete fee details

CourseExisting (upto 31.01.2015)Revised (w.e.f. 01.02.2015)
Oral (Rs.)Postal (Rs.)For either Oral or Postal (Rs.)
Foundation4,0004,0004,000
Intermediate20,00016,00020,000
Final17,00012,00017,000

Students shall, thereafter, be eligible to either opt for Oral or Postal mode of coaching as per their choice and convenience. This is a composite fee which includes facilities for coaching (either oral or postal), specified trainings as prescribed for CMA Intermediate/ Final Course.

Uniform Fee Structure for pursuing CMA Courses is notified and shall be made effective for all registrations/enrollment to the Intermediate/ Final Course with effective from 01.02.2015. It may be noted that ICWAI | CMA Foundation Course Fee structure is uniform – irrespective of either Oral or Postal mode of coaching.

ICWA Inter Study Material-Best Recommended CMA Inter Solved Scanners for Both Group 1 and Group 2

2016 Syllabus 
CMA INTER GROUP 1 TITLE NAMEBEST AUTHOR NAME
Paper – 5 Financial Accounting (2016 syllabus)Prof.arun kumar,ca. raj k agarwal, ca mohit bahal and cs (dr.) himanshu srivastava
Paper – 6 Laws & Ethics (2016 syllabus)Prof. arun kumar, anand kumar shrivastava, ca. mohit bahal and cs (dr.) himanshu srivastava
Paper – 7 Direct Taxation (2016 syllabus)

Prof. arun kumar, ca. raj k agrawal and cs arvind katiyar

Paper – 8 Cost Accounting (2016 syllabus)

Prof. arun kumar, ca mohit bahal and cs (dr.) himanshu srivastava

Cma Inter Group 1 Solved Scanner Set (Syllabus 2016)Prof.arun kumar,ca. raj k agarwal, ca mohit bahal and cs (dr.) himanshu srivastava
CMA INTER GROUP  2 TITLE NAMEBEST AUTHOR NAME
Paper – 9 Operations Management & Strategic Management (2016 syllabus)
Paper – 10 Cost & Management Accounting and Financial Management (2016 syllabus) 
Paper – 11 Indirect Taxation (2016 syllabus)Prof.arun kumar, ca. raj k agrawal and cs ca rajiv sing

Paper – 12 Company Accounts & Audit (2016 syllabus)

Cma Inter Group 2 Solved Scanner Set (Syllabus 2016)

 Prof.arun kumar,ca. raj k agarwal, ca mohit bahal and cs (dr.) himanshu srivastav
 2012 Syllabus
CMA INTER GROUP 1 TITLE NAMEBEST AUTHOR NAME
Paper – 5 Financial Accounting (2012 syllabus)Prof. arun kumar and ca. raj k agrawal
Paper – 6 Laws & Ethics (2012 syllabus)Prof. arun kumar, anand kumar shrivastava, ca. mohit bahal and cs (dr.) himanshu srivastava
Paper – 7 Direct Taxation (2012 syllabus)Prof. arun kumar and ca. raj k agrawal
Paper – 8 Cost Accounting (2012syllabus)Prof. arun kumar and ca. neeru agnihotri
Cma Inter Group 1 Solved Scanner Set (Syllabus 2012)Prof.arun kumar,ca. raj k agarwal, ca mohit bahal and cs (dr.) himanshu srivastava
       CMA INTER GROUP  2 TITLE NAME                  BEST AUTHOR NAME
Paper – 9 Operations Management & Strategic Management (2012 syllabus)Prof. arun kumar and b. k. agnihotri
Paper – 10 Cost & Management Accounting and Financial Management (2012 syllabus)Prof. arun kumar and ca. neeru agnihotri
Paper – 11 Indirect Taxation (2012 syllabusProf. arun kumar and ca. raj k agrawal
Paper – 12 Company Accounts & Audit (2012 syllabus)Prof. arun kumar and cs (dr.) himanshu srivastava
CMA Inter Group 2 Solved Scanner Set (syllabus 2012Prof. arun kumar, b. k. agnihotri, ca neeru agnihotri, ca. raj k agrawal and cs (dr.) himanshu srivastava

ICWAI CMA Course-How to Become Cost Accountant

ICWA Inter Study Material-Best Recommended CMA Inter video lectures

NameVideo

CMA Inter Laws, Ethics and Governance video lectures

CMA Inter Laws, Ethics and Governance by L.K Soni

CMA Inter Direct Taxation Video lectures

CMA Inter Direct Tax by Arpit GuptaCMA Inter Direct Taxation By Neeraj Gupta

CMA Inter Cost Accounting & Financial management video lectures

CMA Inter Group 1 Cost accounting By CA Prakash Saraf

CMA Inter Cost and FM By Satish Jalan

CMA Inter Combo Pack(Cost Accounting and Financial Management+Cost & Management Accounting) By CA Prakash Saraf

CMA Inter Operations Management and Information System video lectures

CMA Inter Operations Management By Satish Jalan

CMA Inter Cost & Management Accountancy video lectures

CMA Inter Cost & Management Accounting By CA B.L Chakravarti

CMA Inter Group 2 Cost & Management Accountancy By CA Prakash Saraf

CMA Inter Cost Management and Audit By Satish jalan

CMA Inter Indirect taxation video lectures

CMA Inter Indirect Tax By Vikram Biyani

ICWAI CMA Course-How to Become Cost Accountant

Recommended Read :

CMA Foundation Study Material For All Subjects

ICWA Inter Study Material for all subjects

ICWA final Study Material for all subjects

ICWAI CMA Course-How to Become Cost Accountant

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