Enrollment to Associate and Fellow Membership
A person who has passed the Final Examination of the Institute and who has obtained for a period of not less than three years of practical experience covering different branches of Costing or Industrial Accounting viz. stores, materials, labour, overhead, etc. In a responsible position in any one or more industrial or commercial or government units or departments and produced evidence to that effect to the satisfaction of the Council may seek admission to associate membership of the Institute. The practical experience as above may be acquired prior to or after passing the Final Examination or partly before and partly after passing the said examination.
The council has decided that the following types of experience for the duration indicated in each may be acceptable as adequate for the purpose of admission to Associate Membership, subject to the satisfaction of the council.
In banking, Insurance or similar other financial institution - experience for the duration indicated in each, may be acceptable as adequate for the purpose of admission to Associate Membership, subject to the satisfaction of the Council:
(i) In banking, Insurance or similar other financial institution- experience involving project analysis, feasibility reports, financial profitability analysis, etc. or economic efficiency analysis of institutions for a minimum period of three years on a whole time basis.
(ii) In Universities, management institutions, etc. practical experience in handling projects and specific studies in Costing and management Accounting and in other management functions with economic content and analysis for a minimum period of three years.
(iii) Professional experience in a full time basis with practicing Cost Accountant for a minimum period of five years on a part time basis.
(iv) Experience with engineering basis involving analysis, project study and allied disciplines for a minimum period of three years.
(v) In the case of persons who are members of the Institute of the Company Secretaries of India:
1. Experience as company secretary having direct responsibility of cost accounting functions for a minimum period of three years.
2. Experience as Company Secretary who is closely associated with cost accounting functions for a minimum period of three years in a manufacturing company having a paid up capital of not less than' Rs.25 lakhs.
3. Practical training/experience in cost accounting functions on full time basis for a period of two and half years.
(vi) In the case of persons having teaching experience, the following conditions should be fulfilled:
They should have had teaching experience in Cost Accountancy for a minimum period of five years at Graduate or Post Graduate level in Government Institutions, Universities, or University affiliated colleges.
Application for Associate Membership/Fellow Membership should be made in the prescribed Form "B". The fees payable with the application are:
||Rs. 1000 /-
|| Rs. 1000 /-
|Annual Membership Fees
||Rs. 800 /-
|| Rs. 1500 /-
Refund of Fee : Every person whose application for admission to the membership of the institute is not accepted by the Council shall be entitled to a refund of the fee paid by him