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Cma practical training old scheme

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bala ji

3 Points Posted on 12 July 2021

I am studying for cma final i want appear dec 2021 final exam means i want to complete practical training

I can do practical training in CA frims OR NOT

Replies (5)

Quick Summary

This discussion clarifies the requirements for CMA practical training under the old scheme, particularly for those aiming for the December 2021 final exam. While training in a CA firm isn't outright forbidden, it's generally not accepted unless the firm has a dedicated management consultancy division where the trainee exclusively worked on relevant cost/management accounting tasks. The consensus is that CMA trainees should ideally seek training within CMA firms or companies.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 12 July 2021

No you cannot conduct training in CA firm

CMA Poornima Madhava

CMA

13117 Points Posted on 12 July 2021

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.

https://icmai.in/upload/Training/Appendix-A.pdf

bala ji

3 Points Posted on 12 July 2021

Madam i seen that but i cant clearly understand because CA firm mostly file income tax ,gst and audit ,CA FIRM want to do only one you mentioned above madam

I want clearly