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Roopa

Roopa (Querist)
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04 August 2014 please advise on my quaries

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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04 August 2014 What is your query????

Roopa

Roopa (Querist)
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05 August 2014 I have enrolled for CWA Final in May'2013 and i am also working in an organisation in accounts department from Jan'2013 on wards, due to some reasons i have not intimated the same to the institute shall i intimate now. Whether i will get exemption of practical training for my experience ...

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 August 2014 Yes the experience will be counted if your organization fall under Organizations recognized for Practical Training:

A Cost Trainee shall undergo practical training under (1) Practicing Cost Accountant or (2) a firm of Cost Accountants or (3) in any of the following organizations.

* Central/State Government / Semi-Government / Public Utilities.

* Banks/Insurance/ other Financial Institution

* Public Sector Unit

* Universities, Management Institutes and any other recognized educational institute

* Co-operative societies engaged in Banking, Manufacturing.

* Any other organization with a turnover of Rs. 50 Lakhs in case service sector or Rs. 1 crore in case of other than service sector.

* If the firm of Chartered Accountants/ Company Secretaries has separate Management Consultancy Division and if the applicant has exclusively worked in that division, credence to such service is given on percentage basis depending on the nature of job related with cost/ management accounting/ financial accounting/ taxation/ MIS or of similar nature, size of the firm, nature of duties handled by the applicant, size of the client companies etc.

* Management Consultant in individual capacity depending on the size of the firm, nature of duties handled by the applicant related with cost/ management accounting/ financial accounting/ taxation/ MIS or of similar nature, size of the client companies etc.

* Note: Practicing Chartered Accountants/ Company Secretaries are exempted from the Practical Training Scheme and they will have to seek exemption after duly following the procedures on payment of exemption fee as prescribed.

* Any other institution as approved by the Council

Roopa

Roopa (Querist)
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08 August 2014 Thanks for your reply.. Sir, I heard that it has to intimate with in 3 months of enrollment...Whether it is only for who has joined for Practical Training or ..?

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