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CMA ACCAExemption Circular

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40 views2 pages

CMA ACCAExemption Circular

Uploaded by

Niharika Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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THE INSTITUTE OF Telephones: +91-33- 4036-4748/4721/4726

COST ACCOUNTANTS OF INDIA


(STATUTORY BODY UNDER AN ACT OF PARLIAMENT) Website : www.icmai.in
CMA BHAWAN
12, SUDDER STREET, KOLKATA – 700 016.

Ref. No.: DOS/CIRCULAR/10-1/2024 Date: October 16, 2024


CIRCULAR
Sub: Reciprocal Exemption between ICMAI and ACCA-UK Members as per MOU

Qualification based reciprocal exemption to be offered to ACCA-UK Members for pursuing the CMA Course under
Syllabus 2022 and to the CMA Qualified/CMA Members pursuing ACCA Course as per Memorandum of
Understanding (MOU) dated 9th August, 2021 (Addendum dated 7th October, 2024).

1. CMAs pursuing ACCA Qualification:

Criteria Paper Exemptions Paper to Qualify


ACMA / FCMA with 5 Exempted from 9 papers of ACCA Have to sit in 4 papers of ACCA
years of work experience
 Accountant in Business  Strategic Business Leader
 Management Accounting  Strategic Business Reporting
 Financial Accounting Any 2 papers from following options
 Corporate and Business Law  Advanced Financial Management
 Taxation  Advanced Audit and Assurance
 Financial Reporting  Advanced Taxation
 Financial Management  Advanced Performance Management
 Performance Management
 Audit and Assurance
CMA Qualified and Exempted from 7 papers of ACCA Have to sit in 6 papers of ACCA
ACMA with less than
5 years of work
 Accountant in Business  Performance Management
experience  Management Accounting  Audit and Assurance
 Financial Accounting  Strategic Business Leader
 Corporate and Business Law  Strategic Business Reporting
 Taxation Any 2 papers from following options
 Financial Reporting  Advanced Financial Management
 Financial Management  Advanced Audit and Assurance
 Advanced Taxation
 Advanced Performance Management

2. ACCA Members pursuing CMA Qualification under Syllabus 2022:

Paper Exemptions Paper to Qualify


Exempted from 15 papers of CMA Qualification Have to sit in 5 papers
Foundation
Paper 1 : Fundamentals of Business Laws and Business Communication Intermediate
(FBLC) Paper 7: Direct and Indirect Taxation
Paper 2 : Fundamentals of Financial and Cost Accounting (FFCA) (DITX)
Paper 3 : Fundamentals of Business Mathematics and Statistics (FBMS) Final
Paper 4 : Fundamentals of Business Economics and Management (FBEM) Paper 13: Corporate and Economic Laws
Intermediate (CEL)
Paper 5 : Business Laws and Ethics (BLE) Paper 15: Direct Tax Laws and
Paper 6 : Financial Accounting (FA) International Taxation (DIT)
Paper 8 : Cost Accounting (CA) Paper 17: Cost and Management Audit
Paper 9 : Operations Management and Strategic Management (OMSM) (CMAD)
Paper 10 : Corporate Accounting and Auditing (CAA) Paper 19: Indirect Tax Laws and
Paper 11 : Financial Management and Business Data Analytics (FMDA) Practice (ITLP)
Paper 12 : Management Accounting (MA)
Final
Paper 14 : Strategic Financial Management (SFM)
Paper 16 : Strategic Cost Management (SCM)
Paper 18 : Corporate Financial Reporting (CFR)
(Optional – Any one of the following Papers)
Paper 20A: Strategic Performance Management and Business Valuation
(SPMBV)
Paper 20B: Risk Management in Banking and Insurance (RMBI)
Paper 20C – Entrepreneurship and Start up (ENTS)

Page 1 of 2
THE INSTITUTE OF Telephones: +91-33- 4036-4748/4721/4726
COST ACCOUNTANTS OF INDIA
(STATUTORY BODY UNDER AN ACT OF PARLIAMENT) Website : www.icmai.in
CMA BHAWAN
12, SUDDER STREET, KOLKATA – 700 016.

NOTE:

1. Qualification based subject exemption fee for 15 (fifteen) Papers is Rs. 25,000/- (Rupees Twenty-Five
Thousand Only), which shall be paid by the ACCA Members at the time of applying subject exemption, after
getting registered in Intermediate Course.

[Subject exemption Link: https://eicmai.in/studentfacility/Login.aspx?ReturnUrl=%2fstudentfacility%2f ]

2. Intermediate Course Fees: Rs. 23,100/- (Rupees Twenty-Three Thousand One Hundred Only). All
registrations are to be made through “On-line admission Portal” only.

[On-line Admission Link: https://eicmai.in/studentportal/Home ]. Please refer to the latest Prospectus for
any change in Course Fees.

3. Final Course Fees: Rs. 25,000/- (Rupees Twenty-Five Thousand Only). All registrations are to be made
through “On-line admission Portal” only.

[On-line Admission Link: https://eicmai.in/studentportal/Home ]. Please refer to the latest Prospectus for
any change in Course Fees.

4. ACCA Members shall be exempted from undergoing the applicable Training(s) and Workshops of ICMAI.

For further details please visit the websites: www.icmai.in or www.accaglobal.com

CMA Dr. D.P. Nandy


Additional Secretary & HoD - Studies

e-Distribution:

1) President’s Office
2) Secretary, T&EF Committee
3) All HODs at Headquarters, Delhi Office and Hyderabad Centre of Excellence
4) All Regional Councils of the Institute
5) All Chapters of the Institute
6) All CMA Support Centres of the Institute
7) All Overseas Centres of the Institute
8) IT Department- for uploading on the website of the Institute
9) Secretariat
10) Notice Board

Copy to:

1) President, The Institute of Cost Accountants of India


2) Vice President, The Institute of Cost Accountants of India
3) All Council Members

Page 2 of 2

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