ICAI - ACCA UK MOU I 9 PAPER EXEMPTION I FOR CMA MEMBERS & ACCA MEMBERS

ICAI - ACCA UK MOU I 9 PAPER EXEMPTION I FOR CMA MEMBERS & ACCA MEMBERS
Exemptions under MOU between the Institute of Cost Accountants of India
and Association of Chartered Certified Accountants (ACCA), UK
1. CMAs pursuing ACCA qualification:
Paper Exemptions Paper to Qualify
ACMA / FCMA with 5
years of work
experience
Exempted from 9 papers Have to sit in 4 papers
 Strategic Business Leader
 Strategic Business Reporting
Any two papers from following options:
 Advanced Financial Management,
 Advanced Audit and Assurance,
 Advanced Taxation
 Advanced Performance Management
CMA passed finalist
and ACMA with less
than 5 years of work
experience
Exempted from 7 papers Have to sit in 6 papers
 Performance Management
 Audit and Assurance
 Strategic Business Leader
 Strategic Business Reporting
Any two papers from following options:
 Advanced Financial Management,
 Advanced Audit and Assurance,
 Advanced Taxation
 Advanced Performance Management
2. ACCA Members pursuing CMA qualification under the 2016 syllabus:
Paper Exemptions Paper to Qualify
Exempted from 14 papers of CMA qualification:
Foundation
Complete exemption (four papers)
Intermediate
Paper 5 Financial Accounting
Paper 6 Law & Ethics
Paper 8 Cost Accounting
Paper 9 Operations Management and Strategic Management
Paper 10 Cost & Management Accounting and Financial
Management
Paper 12 Company Accounts and Audit
Final
Paper 14 Strategic Financial Management
Paper 15 Strategic Cost management Decision Making
Paper 17 Corporate Financial Reporting
Paper 20 Strategic Performance Management and Business
Valuation
Have to sit in 6 papers
Intermediate
P7- Direct Taxation
P11- Indirect Taxation
Final
P13- Corporate Laws &
Compliance
P16- Direct Tax Laws and
International Taxation
P18- Indirect Tax Laws &
Practice and
P19- Cost & Management Audit
ACCA Members shall be exempt from Computer, Communication and Soft Skill training besides the
exemption from the Practical Training requirement.
NOTE: CMA Papers referred are based on CMA "Syllabus 2016". With every subsequent change in
CMA Syllabus corresponding papers available for exemption would be notified, in consultation with
ACCA, UK.