14 August 2013
If your experience is in any of the organization listed in (A) below and in the area as given in (B) below, you will get exemption from practical training equivalent to your work experience. (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 (B) Recognized areas for Training: i. Management Accounting ii. Cost Accounting iii. Financial Accounting iv. Financial Management v. Auditing vi. Regulatory compliances vii. Direct Taxation viii. Indirect taxation ix. Corporate Laws, Industrial Laws, Commercial Laws x. Systems Analysis, Information Technology (including ERP system) xi. Project Management xii. Banking Operation xiii. Insurance xiv. Valuation xv. Financial Services xvi. Teaching in Finance, Accounts, Costing, Taxation and Management. xvii. Management Consultancy Services as defined in appendix 6 under Regulation 111 of CWA Regulation, 1959. xviii. Engineering Services involved in production of power or any manufacturing activities, Project Planning & Management, Quality Assessment, and Supply Chain Management. xix. Any other areas approved by the Council.
15 August 2013
A student having passed Bachelor of Engineering or Post Graduation in Computer Science or Computer Application or MBA (Systems) or PGDCA or MCA from Indian Institute of Management or a recognized University or an Institute recognized by All India Council for Technical Education or Department of Information Technology [formerly Department of Electronics (DOE)], Government of India, ‘A’ level Certifi cate Course of DOEACC may be exempted from Compulsory Computer Training.
CAclubindia
