The Institute of Cost Accountants of India ICAI , recognizing the need for structured approach to the measurement of cost in manufacture or service sector and to provide guidance to the user organizations, government bodies, regulators, research agencies and academic institutions to achieve uniformity and consistency in classification, measurement and assignment of cost to product and services, has constituted Cost Accounting Standards Board CASB in the year with the objective of formulating the Cost Accounting Standards CASs. 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 objective of Continuing Education Programme is to assist the members in widening their knowledge base and in improving their skills to be at the cutting edge of technology by providing training and expertise in critical areas. Medical Council of India Teachers: Its role is limited to select sectors and is closely linked to public accounting in most countries. Before the students even proceed to know about the various stages for becoming CMA, one of the important things to know is about the Institute conducting the exam.

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Fundamentals of Economics and Management Paper 2: There are three stages to to be pursued to become a Cost and Management Accountant. Study material is provided to the students at the time of admission.


Views Read Edit View history. Candidates can know more about the dates and exam from below.

Institute of Cost Accountants of India – Wikipedia

From Wikipedia, idmai free encyclopedia. It also issues other technical guidelines on several aspects like Internal AuditManagement Accounting etc. As the officials have stated a Cimai and Management Accountant specializes in navigating managerial decisions, stabilizing budgets and standards, assessing operational efficiency and the effectiveness of production and service management.

The sub-section 3 of section of the Companies Act, gave the statutory mandate for separate auditing standards for audit of cost records as distinct from auditing standards applicable for audit of financial records. Engineering Council of India Homoeopathy: The materials and information provided on this website are for reference purposes only.

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ICMAI – The Institute of Cost Accountants of India

Fundamentals of Laws and Ethics Paper 4: The CASs shall be mandatory with effect from period commencing on or after 1 April for being applied for the preparation and certification of General Purpose Cost Accounting Statements.

The First stage is the Foundation Course, the second stage is the Intermediate Course and the last stage is the Final course. In line with the recommendations of the International Federation of Accountants and feeling the need to have compulsory and continued training of the members of the Institute, the institute has made training mandatory for all members to ensure constant updating of knowledge and skills of members.

Sec 5 1 provides that the members of the Institute shall be divided into two classes designated respectively as Associates and Jcmai. By using this site, you agree to the Terms of Use and Privacy Policy. 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.


Retrieved 2 June The institute operates through its four regional councils located at Kolkata, Chennai, Delhi and Mumbai, 94 chapters in India and 78 chapters abroad.

Institute of Cost Accountants of India

Medical Council of India Teachers: The candidates must check the schedule for the upcoming event, which will help them to know a particular exam date. It helps the candidates two develop two important skills which are financial accounting and strategic management.

Indian Nursing Council Pharmacy: It stipulates that the auditor conducting the cost audit shall comply with the cost auditing standards which are issued by the ICAI, with the approval of the Government of India.

The effective date of the standards are also mentioned in respective standards. Professional Regulators in India. Veterinary Council of India. National Council for Teacher Education Veterinary: Archived from icmi original on 15 September Council of Architecture Banking: NTA releases public notice on Institute of Cost Accountants of India Dentists: The Icmak of Cost Accountants of India erstwhile The Institute of Cost and Works Accountants of India was first established in icmao a registered company under the Companies Act with the objects of promoting, regulating and developing the profession of Cost Accountancy.