CIMA and the Institute of Cost Accountants of India (ICMAI) signed a historic memorandum of understanding (MOU) on 31 January 2015, to allow mutual advanced entry for members of both professional bodies effective March 2015.
Proven members of ICMAI would be offered an exclusive pathway route by CIMA, and allowed exemptions for 16 exams - CIMA Certificate in Business Accounting (five exemptions) and Professional Qualification (11 exemptions), leading up to the strategic case study exam. An ICMAI member would have to take only ONE exam, the strategic case study, to complete the professional qualification.
On passing the strategic case study, proven members of ICMAI will need to demonstrate three years’ relevant experience (as specified in CIMA's PER) to obtain CIMA membership and be awarded with the prestigious, globally acclaimed title of Chartered Global Management Accountant (CGMA). If you are interested and want to know more about how to qualify for the coveted CGMA title, please email firstname.lastname@example.org with the title 'ICMAI exclusive pathway route'.
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CPA Australia and CIMA, both full members of IFAC, share common and strong interests in the advancement of the accountancy profession.
Recognising that global portability is increasingly important for professional accountants around the world and to take advantage of opportunities for our members, CIMA and CPA Australia entered into a mutual recognition agreement to provide:
- Recognition of their respective members’ prior qualifications.
- Membership services to each other’s members in their ‘home’ locations.
As of 1 January 2017 the existing MRA is replaced by the new Member Pathway Agreement (MPA) and there will be additional study requirements.
- CPA to CIMA applicants will need to register as a student, complete the CIMA Strategic Case Study exam and pay fees associated with this.
- CIMA to CPA applicants will need to complete Better Practice in Governance and Accountability (online course).