Icwa pratical training

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Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2013 I am Working as Senior Accountant in a CA Firm for last 2yrs,
Can Experience Certificate from C.A. Firm is Eligible. I want appear for Dec -2013
ICWA Final

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 July 2013 No, it is not eligible for practical training requirement under CWA. CWA practical training need to take separately

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Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2013 But i am working as employer, institute has said work experierence from other Organisation is eligible and not why C.A. Firm. As i am not Working as Trainee.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 July 2013 As per insititute norms working experience with below sector only eligible for exemption of practical training and specifically refer point no: vii

(A) Recognised Organisations
(1) Practicing Cost Accountant or
(2) a firm of Cost Accountants or
(3) in any of the following organizations.
i. Central/State Government / Semi-Government / Public
Utilities.
ii. Banks/Insurance/ other Financial Institution
iii. Public Sector Unit
iv. Universities, Management Institutes and any other
recognized educational institute
v. Co-operative societies engaged in Banking,
Manufacturing.

vi. 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.
vii. 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.
viii. 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.
ix. 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.
x. Any other institution as approved by the Council

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