Telephones: 91-33-2252-103111034/ 1035, THE INSTY EOE 91-33-2252-1619/ 1492 / 1602 COST ACCOUNTANTS OF INDIA revere relat = 133.2252 1008/7088 (STATUTORY BODY UNDER AN ACT OF PARLIAMENT) Fe piss eoeayosanns emai; sudieagional nbos@iomain oe een Website www icmai.in 12, SUDDER STREET, KOLKATA-700 016 Ref. No DOS/8/1/2018-19 Kolkata, Jenuary 25, 2019 CERCULAR Sub: Reei cemption between ICAT-CMA and ACCA Members as per MoU Notified for general information Quolification related reciprocal exemption offered to ACCA-UK Members for Pursuing the CMA Course under Syllabus 2016 and exemption for CMA members pursuing ACCA as per Addendum ‘to Memorandum of Understanding dated 23"! October, 2018. - For ACCA-UK Members for | Exempted from complete CHA Foundation Course (four papers) unde? ] pursuing CMA Course under | syllabus 2016. Syllabus 2016: Exempted from appearing in the following six popers (6) at the CMA Intermediate Course under syllabus 2016 (ACCA Members pursuing the | Poper 5- Financial Accounting (FAC) ICAT qualification under syllabus | Paper 6- Law & Ethics (LNE) 2016 will be awarded exemptions | Paper 8- Cost Accounting (CAC) | from 44 papers) Paper 9- Operations Management and Strategic Management (OMSM) | Paper 10- Cost & Management Accounting and Financial Management (CMFM) Paper 12~ Company Accounts and Audit (CAA ne | Exempted from appearing in the following four papers (4) at the CMA Fi | Course under syllabus 2016 | Poper 14- Strategie Financial Management (SFM) | Poper 15- Strategic Cost Management -Decision Making (SCMD) Paper 17- Corporate Financial Reporting (CFR) | Paper 20- Strategic Performance Management and Business Valuation (SP3V)_ Exemption from undergoing 100-hours Compulsory Computer Training, Communication and Soft Skill Training in Intermediate Course & TOTP | ‘raining & Practical Training in Final Course for ACCA Members | Exemption for CMA members | 1 Associate/Fellow member with five years of work experience will get pursuing ACCA as per MOU of -9 exemptions. ‘the Institute with ACCA, 2, Associate member with less than 5 years of work experience will get | -7 exemptions, l For further details, please refer to website of ACCA-UK link Application for exemption to be made to Directorate of Studies, HQ. as per operational modalities (Ann All concerned are requested to take a note of this amendment and attach wide publicity to the stokgholders. ag Dr. DE Nand gy Senior Director - Studies & Advanced Studies eT) 1) All Regional Councils of the Institute- for information and necessary action 2) All Chapters of Institute - for information & necessary action 3) All CMA Support Centers of the Institute 4) Secretariat, for kind information and records 5) All HODs in Headquarters including Delhi Office, Hyderabad Center of Excellence - for kind information, 6) Notice Boards. 7)_ IT Dept - requested to upload this information in the website as appropriate. Behind Every Successful Business Decision, there is always a CMA‘Telephones ; 91-38-2252-1031 1034) 1035 THE INSTITUTE OF 191-33-2252-1619/ 1492/ 1602, COST ACCOUNTANTS OF INDIA (91-33-2252-7373/ 7143/2204 "ax 191-33-2252-1026/7993 (STATUTORY BODY UNDER AN ACT OF PARLIAMENT) Fe eae (CMA BHAWAN E-mail studies@icmal.inbos@icmal in Website: wwwiemaiin 12, SUDDER STREET, KOLKATA-700 016 Annexure I- ACCA_CMA Exemption Mapping (as per addendum MOU) Operational Modalities: for ACCAs Members to pursue CMA Course 1. Registration to the Intermediate Course directly ( as ACCAs members as per addendum MOU would be exempted from Foundation Course. 2. Intermediate Course Fee: Rs. 20,000/- (Rupees Twenty Thousand only) [selecting either Oral or Postal Mode of Coaching). All registrations are to be made through “on-line admission” only. (On-line ‘Admission: https: /emaicmai.in/students/Home.aspx]. Regarding changes of Intermediate course fees {5 per laid down in the prospectus from time to time. 3. Final Course Fee: Rs. 17,000/~ (Rupees Seventeen Thousand only) {selecting either Oral or Postel Mode of Coaching). All registrations are to be made through “on-line admission” only. [On-line ‘Admission: https:/emalcmal.in/students/Home. aspx]. Regarding changes of Final course fees os per laid down in the prospectus from time to time. 4. Quolification-based subject exemption fee for 14 (fourteen) papers is Rs. 25,000/~ (Rupees Twenty Five Thousand only) to be paid at the time of applying for subject exemption during Intermediate Course. 5. ACCA Members pursuing CMA Course ( as per this addendum MOU) would be eligible for availing ‘exemption from undergoing 100-hours Computer Training Course and Communication & Soft Skills ‘Training at the Intermediate Level, 6. CMA students (with ACCA Membership, availing benefits of this MoU) pursuant to enrolment to the Final Course shall also be exempted from undergoing IOTP Training & Practical Training. 7. There shall be no refund, if any, for a Intermediate & Final Level 19 exemptions from undergoing the prescribed trainings ot Behind Every Successful Business Decision, there is always a CMA