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Practical training exemption for icwai

selvi pillai (B.Com) (27 Points)

23 August 2015

I an currently employed with a BPS. will my experience be counted for the practical training required for ICWAI? will I get an exemption for the working experience I have with the organization. It is a MNC BPS that meets the requirement of annual turnover over 5 Crore. Please Assist.

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CA PANKAJ KAPOOR (ICAI Licentiate ICSI CMA (All India Rank Holder)) (191 Points)
Replied 23 August 2015

Greetings!!!

Organizations recognized for Practical Training

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.(not 5 crores)

Recognized areas for Training

Management Accounting
Cost Accounting
Financial Accounting
Financial Management
Auditing
Regulatory compliances
Direct Taxation
Indirect taxation
Corporate Laws, Industrial Laws, Commercial Laws
Systems Analysis, Information Technology (including ERP system)
Project Management
Banking Operation
Insurance
Valuation
Financial Services
Teaching in Finance, Accounts, Costing, Taxation and Management.
Management Consultancy Services as defined in appendix 6 under Regulation 111 of CWA Regulation, 1959.
Engineering Services involved in production of power or any manufacturing activities, Project Planning & Management, Quality Assessment, and Supply Chain Management.
Any other areas approved by the Council.