ICWAI-CMAs in Project Costing
ICWAI-CMAs in Project Costing
Cost & Management Accountants (CMAs)
- 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-CMAs in Project Costing
Project classification: Academically the projects types have been classified based on type of activity, Location, completion time, Ownership, Size and based on need. Very famously based on need classified as follows: a. New project- Activity to completely taken up the new work b. Balancing project- Activity to balance the work with other work in same place c. Expansion Project- Expanding the existing activities to the certain level. d. Modernization Project- Update the existing activities with latest technology. e. Replacement Project- Replace the existing activities with alternative better activity. f. Diversification Project- Diversify the current activity to other activity
ICWAI-CMAs in Project Costing
Project Phases: Generally project phases will be classified starts from a. Need of Project b. Project initiation & Idea c. Project proposals & Evaluation d. Project Planning & Design e. Project execution & Implementation f. Project Completion & Commissioning g. Project post completion & Maintenance
ICWAI-CMAs in Project Costing
What is Project: A project is the collection of several activities to complete or achieve one decided or identified goal or object. The all activities in the project may be dependent or independent, sequentially or non sequentially, related or non related, but the final object or goal of the project is same. Today in Global scenario several activities in Government or Non Government has been taken up the project based activities. In these circumstances the role of CMA in Project Costing is very important and critical one.
ICWAI-CMAs in Project Costing
ICWAI | CMA Inter Question paper with Solution For Syllabus 2012- June 2016
From following table you can download CMA Inter suggested answers – Syllabus 2012
GROUP- I
| Subject | Download |
| Paper 5 : Financial Accounting | Download |
| Paper 6 : Laws Ethics and Governance | Download |
| Paper 7 : Direct Taxation | Download |
| Paper 8 : Cost Accounting and Financial Management | Download |
GROUP – II
| Subject | Download |
| Paper 09: Operation Management & Information Systems | Download |
| Paper 10: Cost & Management Accountancy | Download |
| Paper 11: Indirect Taxation | Download |
| Paper 12: Company Accounts and Audit | Download |
ICWAI-CMAs in Project Costing
Download ICWAI | CMA Inter Suggested Answers Dec 2015
Suggested Answers – December 2015 (Syllabus 2012) Set-1
| Sl. No. | Group I | Download |
| 1. | Paper-5 : Financial Accounting | Click Here |
| 2. | Paper- 6 : Laws Ethics and Governance | Click Here |
| 3. | Paper – 7 : Direct Taxation | Click Here |
| 4. | Paper – 8 : Cost Accounting and Financial Management | Click Here |
| Group II | ||
| 1. | Paper- 9 : Operation Management and Information Systems | Click Here |
| 2. | Paper – 10 : Cost and Management Accountancy | Click Here |
| 3. | Paper-11 : Indirect Taxation | Click Here |
| 4. | Paper – 12 : Company Accounts and Audit | Click Here |
ICWAI-CMAs in Project Costing
Suggested Answers – December 2015 (Syllabus 2012) Set-2
| Sl. No. | Group I | Download |
| 1. | Paper-5 : Financial Accounting | Click Here |
| 2. | Paper- 6 : Laws Ethics and Governance | Click Here |
| 3. | Paper – 7 : Direct Taxation | Click Here |
| 4. | Paper – 8 : Cost Accounting and Financial Management | Click Here |
| Group II | ||
| 1. | Paper- 9 : Operation Management and Information Systems | Click Here |
| 2. | Paper – 10 : Cost and Management Accountancy | Click Here |
| 3. | Paper-11 : Indirect Taxation | Click Here |
| 4. | Paper – 12 : Company Accounts and Audit | Click Here |
ICWAI-CMAs in Project Costing
Recommended read:
- Complete details of CMA Inter Practice manual for june 2017 Exam
- Study plan for CMA Inter june 2017 Exam
- CMA Inter Best Books for june 2017 Exam
- CMA Inter Free books for june 2017 Exam
- CMA Inter Revision Tips for june 2017 Exam
- CMA Inter Question papers from Previous year Exams
- CMA Inter RTP for june 2017 Exam
- CMA Foundation Study Material For All Subjects
- ICWA Inter Study Material for all subjects
- ICWA final Study Material for all subjects
ICWAI-CMAs in Project Costing
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