LIVE GST Certification Course by CA Arun Chhajer. Register Now!!

Good news for CMA finalists... regd practical training

(Guest)

Its a great news for CMA final students., as ICAI (cost) announced partial modification in practical training requirements to appear for Dec'13 exams.

Till now, completion of 6 months training was must to appear for Dec'13 Final exams, now institute came up with a big relief for students..

Students who have not yet taken up their training, can enroll for I-CMA Training(I-CMAT) for min 100 hours to get eligibility to appear for Dec'13 to Dec'14 term exams.

But its not clear, where and when the training to be taken..

For more details..

https://icmai.in/upload/Institute/Training/Circular-Partial-Modification.pdf

So, All the best to all CMA final students...

Reply
Follow
Share

20 Replies

(Guest)

file attached...

Attached File : 8607 1210607 circular partial modification.pdf downloaded: 278 times

2 Like

Ankit Gupta (Learner) (1557 Points)
Replied 28 July 2013

Wooww It's a great News to all The CMA Final students who are anyways struggling to give out Exams
Indeed a great move by CMA Institute !

1 Like

(Guest)

Here are the Faqs for Practical trng and I-CMAT module..

https://www.icmai.in/upload/Training/FAQ-on-Practical-Training.pdf

1 Like

sandeep (cma intermediate) (51 Points)
Replied 28 July 2013

Sir, I am cma intermediate student ,so will this new modification be helpful for me ....if yes then how ? please expain in easy language sir....

(Guest)

@ Sandeep, yes, these changes may help you too..,

As per earlier Notifications, 6 months training was compulsory to appear final exams from Dec'13 onwards..,

Now student shd fulfill any of following 3 conditions, to appear for final exams.,

1. shd have completed 6 months training

2. shd have 6 months of working experience in recognised areas

or 3. the last one as per latest circular is, to undergo atleast 100 hours of I-CMA Training.

If you clear your inter exams in Dec'13, you too can opt for I-CMAT to appear for Dec'14 exams. Kindly note.., this I-CMAT is applicable only for Dec'13, June'14 and Dec'14 exams. After that, one has to compulsorily take 6 months trng to write final exams.

I said this is big relief.., as many students who are pursuing CA and CMA simultaneously.., its difficult for them to go for 6 months trng.., For such students this modification is really helpful..

Hope my reply helped you... Please go thru the Faqs, to know complete details about practical training. All the best..,

1 Like

Jairam J (CA, B.COM(Hons.)) (382 Points)
Replied 28 July 2013

Ok here is my question.. I am an article assistant under CA regulations and I have completed 1 year articles..My CA Final attempt is May 2015. I have recently written my CMA Inter June 2013 and awaiting results.. Assuming I pass in my attempt.. I should be eligible for June 2014 CMA Final.. But this ICMAT Module will give me eligibility only for June 2014 and Dec 2014.. And chances are I won't be able to write in these attempts for reasons such as clash of articleship/ principal unlikely to give me study leave..

So suppose if I complete this ICMAT 100 hr module and make myself eligible for registering for June 2014/Dec 2014 CMA FInal exam. I will pay the requisite examination fees but I will absent myself from all the exams.. So will this help me to carry forward my eligibility status to June 2015 even though I-CMAT qualification is not accepted..

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114215 Points)
Replied 28 July 2013

Good News Indeed....

1 Like

Bhav Bhuti Sharma (Towards Professionalism ) (823 Points)
Replied 28 July 2013

thanks for sharing checked it before . and want to post the same .. I was like tense because of this practical training . after this notification I am happy and confused too .. lots of questions in my mind . I also contact to my Jodhpur chapter Secretary 3 days before but I was shocked when he said he don't know anything about it .. wow .. what to do ..
my quarries like where how and when this training start .. as i am also giving ca final in this nov 2013 ....

Bhav Bhuti Sharma (Towards Professionalism ) (823 Points)
Replied 28 July 2013

this will be helpful if your attempt is in December and if you pass and want to give final exams in Dec 2014

Originally posted by : sandeep
	Sir, I am cma intermediate student ,so will this new modification be helpful for me ....if yes then how ? please expain in easy language sir....

Anubhav (Student) (589 Points)
Replied 28 July 2013

Also, in my view students who had registered themselves before 1.01.2008 are not to be affected by this circular as they are not required to undergo any practical training before final exam in any case. Can others please confirm this.

sandeep (cma intermediate) (51 Points)
Replied 29 July 2013

Originally posted by : Harini
	@ Sandeep, yes, these changes may help you too.., As per earlier Notifications, 6 months training was compulsory to appear final exams from Dec'13 onwards.., Now student shd fulfill any of following 3 conditions, to appear for final exams., 1. shd have completed 6 months training 2. shd have 6 months of working experience in recognised areas or 3. the last one as per latest circular is, to undergo atleast 100 hours of I-CMA Training. If you clear your inter exams in Dec'13, you too can opt for I-CMAT to appear for Dec'14 exams. Kindly note.., this I-CMAT is applicable only for Dec'13, June'14 and Dec'14 exams. After that, one has to compulsorily take 6 months trng to write final exams. I said this is big relief.., as many students who are pursuing CA and CMA simultaneously.., its difficult for them to go for 6 months trng.., For such students this modification is really helpful.. Hope my reply helped you... Please go thru the Faqs, to know complete details about practical training. All the best..,

Thank u mam....it really helped alot....

(Guest)

Originally posted by : Jairam J
	Ok here is my question.. I am an article assistant under CA regulations and I have completed 1 year articles..My CA Final attempt is May 2015. I have recently written my CMA Inter June 2013 and awaiting results.. Assuming I pass in my attempt.. I should be eligible for June 2014 CMA Final.. But this ICMAT Module will give me eligibility only for June 2014 and Dec 2014.. And chances are I won't be able to write in these attempts for reasons such as clash of articleship/ principal unlikely to give me study leave.. So suppose if I complete this ICMAT 100 hr module and make myself eligible for registering for June 2014/Dec 2014 CMA FInal exam. I will pay the requisite examination fees but I will absent myself from all the exams.. So will this help me to carry forward my eligibility status to June 2015 even though I-CMAT qualification is not accepted..

I am not sure.., as per the faqs given, ICMAT not applicable from june'15 exams, if you are lucky, institute may extend this CMATrng applicability to june'15 exams too..

1 Like

(Guest)

Originally posted by : Bhav Sharma
	thanks for sharing checked it before . and want to post the same .. I was like tense because of this practical training . after this notification I am happy and confused too .. lots of questions in my mind . I also contact to my Jodhpur chapter Secretary 3 days before but I was shocked when he said he don't know anything about it .. wow .. what to do .. my queries like where how and when this training start .. as i am also giving ca final in this nov 2013 ....

here are the few details regd I-CMAT available on FAQs page..

5. When can we fill the online Form T6? Where is it available? The online form will be available from 29th July 2013 till 16th

August 2013 on the website of the Institute at www.icmai.in.

Please obtain a demand draft of Rs. 3000/- before hand for filling form T6.

6. What is the procedure for intimating to the Institute of the new ICMAT module?

A. A student desirous of registering for ICMAT Module, needs to obtain a Demand Draft for Rs.3000 drawn in favour of The Institute of Cost Accountants of India, payable at New Delhi, before hand and fill all the details in the on-line form

B. The students after filling T-6, need to take print out of the sameand send it to The Director (T&P), Institute of Cost Accountants of India, 4th floor, CMA Bhawan, 3, Institutional Area, Lodhi Road, New Delhi -110003 along with DD.

If the application not received with DD, the on-line application (T6) will not be considered as good.

The detailed schedule of webnairs/workshop/seminars will be notified through website/email/sms to the students. Therefore, students should visit the web site/ their emails regularly.

(Guest)

Originally posted by : Anubhav
	Also, in my view students who had registered themselves before 1.01.2008 are not to be affected by this circular as they are not required to undergo any practical training before final exam in any case. Can others please confirm this.

Yes, for students who have registered before 1st Jan'2008, practical training is not necessary, they can directly appear for final exams. kindly go thru Q.7 in the below FAQs file..,

https://www.icmai.in/upload/Training/FAQ-on-Practical-Training.pdf

2 Like