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Practical Training for Cost Accounting Course

Ashish (accounts) (37 Points)

20 June 2011

Dear Friends...

I am working as a Asst Manager in a Rs.5000 crore manufacturing company in finance company.

I want to join Cost Accounting course under new syllabus...practical training is compulsory as per new syllabus.

If I take a experience certificate from my company... then is it ok for training certificate purpose.

Kindly advice...

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6 Replies

CA MAYANK WADHERA (CA CS CMA(I)) (789 Points)
Replied 20 June 2011

YES YOU ARE ABSOLUTELY RIGHT AND YOU HAVE NO NEED TO DO THIS TRAINING IF INFORMATION GIVEN BY YOU IS ABSOLUTELY CORRECT

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CA MAYANK WADHERA (CA CS CMA(I)) (789 Points)
Replied 20 June 2011

3. 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 Operations
Insurance
Valuation
Financial Services
Teaching in Finance, Accounts, Costing, Taxation, Management and subjects covered in ICWAI Syllabus (other than visiting faculty)
Management Consultancy Services as defined in appendix 6 under Regulation 111 of CWA Regulation, 1959
Any other areas approved by the Council

CA MAYANK WADHERA (CA CS CMA(I)) (789 Points)
Replied 20 June 2011

form for exemption from training

Attached File : 227310 744592 form t3.pdf downloaded: 329 times

CA MAYANK WADHERA (CA CS CMA(I)) (789 Points)
Replied 20 June 2011

2. Organizations recognized for Training

Student working as Trainee will be hereinafter referred to as Cost & Management Trainee. The Cost & Management Trainee shall undergo practical training under (1) Practicing Cost Accountant or (2) a firm of Cost Accountants or (3) in any of the following organizations under a professionally qualified person. The organizations other than the firms of professionals will be recognized for the purpose of training of the students if its annual turnover is Rs 5 crores or more. The authority under which the training is undertaken is referred to as Principal hereinafter.

Central/State Government / Semi-Government / Public Utilities
Banks and other Financial Institutions
Insurance Company
Public Sector Unit
Public Limited Company
Private Limited Company
Information Technology Sector
KPO / BPO
Stock Exchange
Universities, Management Institutes and any other educational institute
Limited Liability Partnership Firm
Management Consultancy Firms
NGO
Co-operative societies engaged in Banking, Manufacturing
Any other institution as approved by the Council

SOURAV GHOSH (Assistant Manager-Finance) (401 Points)
Replied 20 June 2011

I am working with TATA TELESERVICES LTD.(TELECOM Company) as a Senior Executive-Finance for 2 years & I have registred for DEC'11 ICWAI Inter exam . If I take an experience certificate from my company for exemption from practical training then it will be granted by institution or not.