Icwai qualification

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Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2012 Is there any exemptions to ICWAI qualification for CIMA qualified Students

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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24 March 2012 Not possible

FCMA CS Pardeep Khaneja

FCMA CS Pardeep Khaneja (Expert)
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24 March 2012 There are exemptions avialable for CIMA passed candidates in ICWA Exams in following papers as per MOU Signed by CIMA and ICWA

Foundation:
Paper 1: Management Fundamentals
Paper 2: Accounting
Paper 3: Economics and Business Fundamentals
Paper 4: Business Mathematics and Statistics

Inter & Final
Paper 5: Financial Accounting
Paper 8: Cost & Management Accounting
Paper 9: Operational Management and Management Information System
Paper 12: Financial Management and International Finance
Paper 13: Management Accounting Strategic Management
Paper 15: Management Accounting - EPM
Paper 16: Advance Financial Accounting and Reporting
Paper 18: Business Valuation Management.

Please visit www.icwai.org

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Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2012 ACMA Pradeep Khaneja: -

Is it neccessary to complete even Part A of TOPCIMA [which covers credit for Practical experience] or only PArt B will do.

Asha Kanta Sharma

Asha Kanta Sharma

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28 July 2024 To obtain the CMA (Cost and Management Accountant) designation, especially if you are at the ICWAI (now CMA) Final level and aiming for the TOPCIMA (Test of Professional Competence in Management Accounting) qualification, it’s important to understand the requirements for both Part A and Part B of the exam. Here’s a detailed explanation:

### **TOPCIMA Structure and Requirements:**

#### **1. **Part A - Practical Experience:**
- **Purpose:** Part A focuses on practical experience and is designed to ensure that candidates have gained the necessary work experience in management accounting roles.
- **Requirement:** You are required to complete a certain amount of practical experience, which is documented and evaluated.
- **Credit:** Credit for practical experience is awarded based on the relevance and quality of your work experience, as it aligns with the competencies required for the CMA qualification.

#### **2. **Part B - Examination:**
- **Purpose:** Part B is a written examination that tests your knowledge and understanding of advanced management accounting concepts.
- **Content:** It covers various aspects of management accounting, including strategic management, financial management, and performance management.
- **Requirement:** You need to pass the Part B exam to demonstrate your competency in management accounting and to fulfill the requirements for the CMA designation.

### **Key Points to Consider:**

1. **Completion of Part A:**
- **Not Optional:** Completing Part A is necessary if you want to gain full credit for practical experience. It ensures that you meet the professional experience requirements stipulated by the ICMAI.
- **Prerequisite:** In many cases, the completion and approval of Part A might be a prerequisite before you can proceed to or sit for Part B.

2. **Passing Part B:**
- **Essential:** Passing Part B is essential to complete the TOPCIMA qualification and to be awarded the CMA designation.
- **Comprehensive Knowledge:** It demonstrates your understanding of advanced concepts and your ability to apply them in practice.

3. **Overall Requirement:**
- **Integrated Process:** Both Part A and Part B are integral to the certification process. Completing Part A ensures you have the necessary practical experience, while passing Part B tests your theoretical knowledge and application skills.

4. **Check Specific Guidelines:**
- **ICMAI Guidelines:** Always refer to the latest guidelines and requirements provided by ICMAI for TOPCIMA. Rules and requirements can change, and it's essential to ensure you are following the most current procedures.

### **Summary:**

For obtaining the CMA qualification, it is typically necessary to complete both Part A and Part B of TOPCIMA. Part A covers practical experience, and Part B involves passing an examination. Completing Part A ensures you meet the practical experience requirements, while Part B demonstrates your advanced knowledge and understanding of management accounting concepts. Make sure to follow the latest ICMAI guidelines to ensure you meet all requirements for certification.