Icwai - training

You will get exemption from undergoing practical training equivalent to your

working experience in the Organizations listed below provided you are

working/worked in the recognized areas listed below:

Organizations recognized for Training: (i) Central/State Government /

Semi-Government / Public Utilities (ii) Banks and other Financial Institutions

(iii) Insurance Company (iv) Public Sector Unit (v) Public Limited Company (vi)

Private Limited Company (vii) Information Technology Sector (viii) KPO / BPO

(ix) Stock Exchange (x) Universities, Management Institutes and any other

educational institute (xi) Limited Liability Partnership Firm (xii) Management

Consultancy Firms (xiii) NGO (xiv)Co-operative societies engaged in Banking

or Manufacturing and (xiii) Any other institution as approved by the Council

from time to time

Recognized areas for Training: (i) Cost Accounting (ii) Financial Accounting

(iii) Financial Management (iv) Auditing (v) Regulatory compliances (vi) Direct

Taxation (vii) Indirect Taxation (viii) Corporate Laws, Industrial Laws and

Commercial Laws (ix) Systems Analysis and Information Technology

(including ERP system) (x) Project Management (xi) Banking Operations (xii)

Insurance (xiii) Valuation (xiv) Financial Services (xv) Teaching in Finance,

Accounts, Costing, Taxation, Management and subjects covered in ICWAI

Syllabus (other than visiting faculty) (xvi) Management Consultancy Services

(xvii) Any other areas approved by the Council from time to time.

go through following link for more details.

https://www.icwai.org/icwainew/docs/FAQ/Training_FAQ.pdf

I am working at now charterted accountant pantership firm if I continue same firm its useful  icwai for the perpose of examination pls give me good suggestion ...weather i ll be continue or not ..

dear sir

i m persuing CMA inter-I along with job as a Accountant in a pvt ltd co. whose turnover is above 25 cr..

my quistion is can i get an exemption for training for appearing Final exam in next year...?

harini  but in prospectus there is  a condition mention already that if any co. carrying any cost accountant as a admin. there then you can get an exemption . but in my co. there is not any such thing..

please clarify

@ harini i am bit confused about the line mention page no. 78 of prospectus there are three condition where i can get an exemption the last one is confusing that ANY ORGANISATIONS UNDER A PROFESSIONELY QUALIFIED PERSON. here what the meaning of professionaly qualified .

please clarify

@ sachin, the 3 conditions you are talking about, are not regarding exemption, these apply to the organisations recognised for training, If you opt for practical training, the company you choose must satisfy any of the 3 conditions, hope you got it..

thanks harini for give your valuable experince

definetly i would like to go for applying traning exemption...