21 September 2021
1. I have qualified CS from ICSI. So I am eligible for exemption for 3 Papers in CMA Inter as under a) Group-1: Paper-7 and Paper-8 b) Group-2: Paper-12
2. Can I appear Group wise? i.e., Group-1 in first attempt and Group-2 in second attempt? In such case whether exemption is available or I have to appear both groups?
3. What will be the passing marks for clearing Paper?
4. E.g. in Group-1, there are 2 paper (rest 2 are exempted). How much I have to score to clear a group? If I secure 50% in one Paper and 35% in other paper, will I be exempted from paper in which I scored 50% and have to appear for only paper in which 35% is scored?
5. When should I apply for claiming exemption based on qualification?
6. Can I claim exemption from SAP, Microsoft and Soft skill Training?
06 July 2024
Here are the answers to your questions regarding exemptions and the CMA Inter exams:
1. **Exemptions Based on CS Qualification:** - You are eligible for exemptions in CMA Inter as follows: - Group-1: Exempted from Paper-7 (Direct Tax Laws) and Paper-8 (Cost Accounting). - Group-2: Exempted from Paper-12 (Company Accounts & Audit).
2. **Appearing Group-wise:** - Yes, you can appear for CMA Inter exams group-wise. If you clear Group-1 in one attempt and then appear for Group-2 in another attempt, your exemptions will still be valid for the papers you are exempted from (Paper-7, Paper-8, and Paper-12).
3. **Passing Marks:** - To clear a group in CMA Inter, you need to secure a minimum of 40% marks in each paper and an aggregate of 50% in the group.
4. **Scoring and Exemptions:** - If you secure 50% in one paper and 35% in another paper within a group, you will clear the group if the aggregate (overall total) of marks in that group is 50% or more. Exemption applies to specific papers regardless of individual scores within those papers.
5. **Applying for Exemption:** - You should apply for exemption from specific papers at the time of filling out your examination application form for CMA Inter exams. There is a section in the form where you declare your qualifications (CS qualification in your case) to claim exemptions.
6. **Exemption from SAP, Microsoft, and Soft Skill Training:** - Exemption from these trainings is not automatically granted based on your CS qualification. These trainings are separate requirements as per the CMA curriculum. You will need to fulfill these requirements separately according to the guidelines provided by ICMAI (Institute of Cost Accountants of India).
Ensure to check the latest guidelines and notifications from ICMAI regarding exemptions and other exam-related matters. Good luck with your CMA Inter exams!
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