The persons who pass the Professional Programme examination of the ICSI and wish to pursue the Cost Accountancy Course, are entitled to certain paper wise exemptions in the Institute of Cost Accountant of India (ICAI-CMA) examinations as under:
Foundation Examination – Full Exemption
Intermediate Examination
1. Group 1, Paper 8: Cost Accounting and Financial Management
2. Group 1, Paper 7: Direct Taxation
3. Group 2, Paper 12: Company Accounts and Audit
Final Examination
1. Group 3, Paper 13: Corporate Laws and Compliance
2. Group 3, Paper 14:Advanced Financial Management
3. Group 3, Paper 16:Tax Management and Practice
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