Institute of Cost Accountants of India. Institute of Cost Accountants of India Abbreviation. ICAIMotto Formation. May 1. 95. 9 5. 8 years ago 1. Legal status. Body corporate established by a special Act of the Parliament of India. We provide excellent essay writing service 247. Enjoy proficient essay writing and custom writing services provided by professional academic writers. The course is based on ACCAs Diploma and will help you deal with the complex requirements of international financial reporting standards. Hi everyone, I wanted to share my last bit of knowledge before I pass out from this course and throw away some of my materials. Ive just finished my last unit. Achieve-Study-Materials.jpg' alt='Ifrs Diploma Study Material Pdf' title='Ifrs Diploma Study Material Pdf' />Objective. Develop and Regulate the profession of Cost Management Accountancy, Direct and Indirect taxation, financial reporting, insolvency and bankruptcy practices, Operations Management, regulatory compliance, Cost Audit in India. Headquarters. Kolkata,  India. Coordinates. 223. N8. 82. 11. 3E 2. N 8. 8. 3. 53. 67. E 2. 2. 5. 58. Region served. India. Membership. As on 1. 8. 0. 3. Studentslt 5,5. Members designations. ACMA, FCMAPresident. CMA Sanjay Gupta. Vice President. CMA H P Padmanabhan Pappan BhaiIFAC member since. October 1. 97. 7Regional Offices. NIRC, New Delhi Northern India, SIRC, Chennai Southern India, WIRC, Mumbai Western India, EIRC, Kolkata Eastern IndiaOfficial Organ. The Management Accountant published monthlyWebsitehttp www. The Institute of Cost Accountants of India ICAI, previously known as the Institute of Cost Works Accountants of India ICWAI, is a premier statutory professional accountancy body in India with the objects of promoting, regulating and developing the profession of Cost Accountancy. It is the only licensing cum regulating body of Cost Management Accountancy profession in India. It recommends the Cost Accounting Standards to be followed by companies in India to which statutory maintenance of cost records applicable. ICAI is solely responsible for setting the auditing and assurance standards for statutory Cost Audit to be followed in the Audit of Cost statements in India. It also issues other technical guidelines on several aspects like Internal Audit, Management Accounting etc. Cost Accountants while discharging their services. Friends With Benefits Script Pdf there. It works closely with the industries, various departments of Government of India, State governments in India and other Regulating Authorities in India e. Reserve Bank of India, Insurance Regulatory and Development Authority, Securities and Exchange Board of India etc. The ICAI is a Founder Member of the International Federation of Accountants IFAC,1Confederation of Asian and Pacific Accountants CAPA2 and South Asian Federation of Accountants SAFA. ICAI is a member of the National Foundation of Corporate GovernanceNFCG. The headquarters of ICAI is situated in Kolkata, and operates through its four regional councils located at Kolkata, Chennai, Delhi and Mumbai, 9. India and 7. 8 chapters abroad. HistoryeditThe Institute of Cost Accountants of India ICAI was first formed as a registered limited company in the year 1. Act, 1. 91. 3 with the initial objective of promoting, regulating and developing the profession of Cost Accountancy. Post Independence, the institute got statutory recognition when the Parliament of India enacted The Cost and Works Accountants Act Act No. May 2. 8, 1. 95. 9 to accord statutory recognition to ICAI then ICWAI as an autonomous professional Institute with the objectives of promoting, regulating, and developing the profession of Cost and Management Accountancy. The CWA Amendment bill, 2. Houses of Indian Parliament viz. Goku Font. Lok Sabha and the Rajya Sabha on December 1. Honorable President of India on January 1. The changes were published in the Official Gazette of India on January 1. President and Board of Central CouncileditCMA Sanjay Gupta has been unanimously elected as the President of the Institute of Cost Accountants of India for the year 2. Apart from a Fellow Member of the Institute, CMA sanjay gupta also holds and B. Com degree. Since childhood days his mind was application oriented, thus, he found keen interest both in mathematics as well as in playing football. He has represented his District and State in his short span of football career. An academician with more than 2. Valuation Management, Operations Management, Cost Audit, Laws Audit, Cost Management etc. He has published several articles in different reputed journals and offered his professional acumen in different professional institutes including Government organizations. Qualification and SyllabuseditCost Management Accountants CMAsedit. CMA Logo for exclusive use by Indian CMAs. This is the primary qualification of the ICAI and following completion of up to three levels Foundation, Intermediate and Final examinations6 and three years of practical training7 in areas like l. Agriculture University Faisalabad Masters Programs on this page. Management Accounting, Cost Accounting, Financial Accounting, Taxation, Audits, Corporate Laws etc. Cost Management Accountant. The new syllabus has been introduced in August 2. International Education Guidelines IEG of IFAC to get the advantages in the process of Mutual Recognition Agreement MRA among different member countries of the world under GATS in WTO. Subjects for examinations include management accounting, Financial Accounting, strategic management, taxation, corporate law, financial management, business valuation, financial reporting and cost management audit etc. Students who have passed degree examination of any recognised university or equivalent are eligible for admission directly to Intermediate level. Paperwise exemptions on the basis of reciprocal arrangement are available to students who have passed Institute of Company Secretaries of India Final Examination. Examinations are held twice a year in June and December in various examination centres in India and overseas centres. And Results are declared in the month of August and February for June term and December term exams respectively. A student has to pass three levels of examination and complete three years of practical training to be eligible to apply for Associate membership of the Institute. The members of the Institute of Cost Accountants of India carry the designation ACMA Associate Cost and Management Accountant and FCMA Fellow Cost and Management Accountant, as applicable based on their type of membership of the institute. Other Certification and Diploma CourseseditCertificate in Accounting Technicians CATeditThe Certificate Course in Accounting Technicians CAT1. ICAI in year 2. 00. This is one year course that comprises examinations, computer Training, practical training and orientation training programmes. The main objective of CAT is to develop among the students the necessary skills required to apply theoretical knowledge of accounting to practical situations in different functional areas of accounting. The CAT Course comprises two levels namely Level I Level II and a CAT aspirant is required to complete both the examinations for obtaining CAT Certification. Certificate in IFRS ConvergenceeditIn order to equip its members with the knowledge of International Financial Reporting Standards IFRS which is scheduled to be introduced in India in the near future, ICAI has introduced the Certificate Course on International Financial Reporting StandardsIFRS Convergence. Diploma in Management Accountancy Dip. MAeditThe Management Accountancy Examination is a post membership examination. Only Members of ICAI who have completed at least a period of one years Associateship are eligible for admission to this examination. This is a research oriented Programme in two parts. Part I consists of two groups and Part II requires for submission of a Dissertation followed by Viva voce.