CMA Practical Training

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PRACTICAL TRAINING

Every student having registered for the intermediate course on or after 11th February, 2020 shall be required to undergo practical training for a period of 15 months before the date of declaration of examination result of both or remaining group of final examination to the satisfaction of Council in any one or more of the organization(s) specified in ‘Appendix A’, and in areas as specified in ‘Appendix B’ for the recognition for training [UDIN is mandatory wherever applicable].

However, a student to become eligible to appear in the final examination must satisfy the criteria on such cut-off date as may be specified from time to time. The cut-off date for certification of Form T-5 shall be 31st August for appearing in December examination which shall specify completion of at least 10 months of training as on that date. The cut-off date for certification of Form T-5 shall be 28th/29th February for appearing in June examination which shall specify completion of at least 10 months of training as on that date.

MANDATORY TRAINING ATTENDANCE -15 MONTHS TO APPEAR IN THE CMA-FINAL EXAMS)

Objectives of Training:

Developing necessary skill-sets among the students enabling them to apply theoretical knowledge of Cost and Management Accounting and allied aspects to practical situations in various professional fields

Providing practical exposure to the ecosystem under which different organizations operate

Providing on-job experience of practical and contemporary aspects of Cost and Management Accounting and allied arena

Developing and nourishing pool of employable and future-ready professionals

Developing disciplined attitude required to grow as a true professional

Creating awareness and consciousness on ethical values in the professional journey

Exemption from Practical Training:

A student of the Institute who is working or has already worked in any of the recognized Organizations as given in ‘Appendix A’ and in any of the recognized areas as given in ‘Appendix B’, can claim exemption from Practical Training by following the procedures given below:

  • Submission of Online Form T-3 to Directorate of Training and Placement of the Institute along with a Payment for Rs.2000/-.
  • The students whose applications are received and found eligible on or before 31st May will be eligible to appear for June Examination and 30th November will be eligible to appear for December Examination respectively.
  • A student can seek exemption from Practical Training immediately after joining the Intermediate course, or at any time during the course of studies subject to dates given above if the student is otherwise eligible.

Change of Employer:

  • A student shall inform any change in the Principal or employer to the Institute within 30 Days of such changes with all the relevant documents i.e. New online Form T-1 (with UDIN) / T-4, experience certificate from principal or employer along with a fee of Rs. 1000/-.
  • In case of change of Principal/Employer, i.e. students serving under different Principal/Employer, the accumulated period of training shall include training periods undergone with different Principal/Employers, including the days of leave availed as per rules but excluding excess leave availed, if any. Not more than three (3) changes shall be allowed within a period of fifteen months of training.

Working Hours of Cost & Management Trainee:

  • The working hours of a Cost & Management Trainee shall be 35 hours per week.
  • Hours spent on any conference, course, seminar organized by the Institute/Region/Chapter shall be treated as period covered under training.

Note: Training, Education Facilities and Placement Committee of the Institute may review/frame/modify the Practical Training Scheme as may be necessary from time to time.

Online Training Forms:

On-line Submission of Practical Training/Exemption Forms-New:

  • ONLY Online Form T3 with online payment gateway for exemption from practical training is acceptable. Hard copy, if received by the department will NOT be entertained and will be duly returned to the student for online submission of the same.
  • Students who had earlier submitted offline training forms/ deeds to the Delhi office need not submit them again here. Such students can submit scaned copy of their Form T5 at: training@icmai.in with their name and registration number in the mail. All NEW students are required to submit only online form T1 and T4."

Note: For New Practical Training Scheme started w.e.f. 11th February, 2020, please visit: https://icmai.in/studentswebsite/training_prac_train_new.php