Saturday, 7 November 2015

I'm pursuing my undergrad and wish to be a Cost Accountant. Should I pursue it from IMA and then take the certification from ICAI or otherwise?

The CMA Course from IMA requires you to have completed your bachelor's degree before you enroll for the program. So it's not something you can begin while you're still in college.

The IMA and ICAI have a Memorandum of Understanding as per which a CMA from ICAI can get a membership of IMA without passing any exams of CMA-IMA. You can also enroll for the course from ICAI even before you complete your graduation. This seems like a much better option to me that going in for a IMA certification first and then getting a ICAI certification through the MoU. Another reason to go through ICAI route is that an IMA member who receives an ICAI membership through the MoU is not given statutory right to sign as a practicing cost accountant in India.

You can access details about the MoU here.

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