CMA Exemption Rules 2026: The Complete Guide to ICMAI’s 60% Rule
If you are a CMA aspirant, then you are properly confused about a lot of things such as Exemption, Carry Forward, and Pass Criteria in
July 22, 2026
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ICMAI Performance Report for T5 & T5B Forms | Complete Guide
If you are pursuing CMA Foundation, CMA Intermediate, or CMA Final, staying updated with the latest ICMAI notifications is essential. Recently, the Institute of Cost Accountants of India (ICMAI) introduced an important update related to the Practical Training Scheme.
Many students are confused about whether they need to submit a Performance Report along with their T5 or T5B Form, who is responsible for filling it out, and what happens if their employer refuses to provide the report.
This article explains the complete process in simple language so you can avoid unnecessary confusion while completing your CMA practical training.
Table of Contents
What Are T1, T4, T5A, T5B, and T5 Forms in CMA Training?
During CMA Practical Training, students are required to submit different forms at different stages of their training.
These include:
- T1 Form – For students undergoing practical training under a Practising Cost Accountant (CMA in Practice).
- T4 Form – For students pursuing practical training in a Company or Organization.
- T5A Form – Submitted after completing 10 months of practical training under the New Scheme.
- T5B Form – Submitted after completing 15 months of practical training under the New Scheme.
- T5 Form – Applicable to students registered under the Old Scheme for completion of training.
Understanding which form applies to your training is the first step toward completing the ICMAI practical training process correctly.
What Is the New ICMAI Update?
ICMAI has introduced a Performance Report that is now associated with the submission of T5 and T5B Forms.
The objective of this report is to provide an assessment of a student’s performance during practical training. It allows the employer or training supervisor to evaluate the student’s professionalism, learning attitude, work quality, and overall contribution during the training period.
This is intended to strengthen the practical learning aspect of the CMA curriculum and encourage students to actively participate in their training.
Who Has to Fill the Performance Report?
One of the biggest misconceptions among students is that they have to complete the entire Performance Report themselves.
That is not correct.
Student’s Responsibility
The student only needs to provide basic information such as:
- Student Name
- Registration Number
- Training Duration
- Basic Personal Details
Employer’s Responsibility
The remaining evaluation is completed by the employer or training supervisor, including:
- Performance Assessment
- Professional Behaviour
- Learning Ability
- Work Ethics
- Overall Remarks
- Signature and Official Approval
Students should never fill in the employer’s evaluation section themselves.
The report has two sections.
You can Read Also: 15 Best Courses After B.Com in 2026: Duration, Fees & Career Guide
Is an Official Letterhead Required?
No.
ICMAI has already provided a standard Performance Report format.
Students simply need to download the prescribed format, fill in the required student details, get the employer’s evaluation completed, and upload the signed report.
An additional letterhead is generally not required unless the employer wishes to provide separate remarks or supporting comments.
Who Needs to Submit the Performance Report?
This is where most students get confused.
You Need to Submit the Performance Report If:
- You are submitting your T5 Form now.
- You are submitting your T5B Form now.
- Your training completion form has not yet been uploaded on the ICMAI portal.
In simple words, students submitting T5 or T5B after this update should keep the Performance Report ready.
Who Does NOT Need to Submit It?
You generally do not need to submit the Performance Report if:
- Your T5 Form has already been uploaded.
- Your T5B Form has already been uploaded.
- Your form is already available on the ICMAI portal, regardless of whether it is approved or still under processing.
If your training completion form has already been submitted before this change, there is usually no need to upload an additional Performance Report.
You can Read Also: CMA Exemption Rules
What If Your Employer Refuses to Fill the Performance Report?
This is one of the most common concerns among CMA students.
Many organizations prefer to avoid additional documentation, and some employers may initially hesitate to complete the Performance Report.
Students should first communicate professionally with their employer and explain that the report is part of the ICMAI training documentation.
Since this is a relatively new process, students should always follow the latest instructions issued by ICMAI. If any further clarification or revised guidelines are released by the Institute, those directions should be treated as final.
How to Submit the Performance Report?
The process is straightforward.
- Visit the ICMAI Student Portal.
- Open the Practical Training section.
- Select Online Training Forms.
- Download the applicable T5 or T5B Form.
- Download the attached Performance Report.
- Fill in your personal details.
- Get the employer’s evaluation completed.
Upload both documents on the portal.
Important Tips Before Uploading Your Documents
To avoid delays, make sure you:
- Verify your Registration Number.
- Mention the correct training duration.
- Complete all mandatory student details.
- Obtain the employer’s signature wherever required.
- Review all uploaded documents carefully before final submission.
- Follow the latest ICMAI notifications for any future changes.
Final Thoughts
The introduction of the Performance Report reflects ICMAI’s growing focus on improving the quality of practical training for CMA students.
If you have already submitted your T5 or T5B Form, you generally do not need to worry about this new requirement. However, if you are yet to submit your training completion documents, it is advisable to keep the Performance Report ready and coordinate with your employer in advance.
Being aware of the latest ICMAI updates helps you complete your practical training smoothly and avoid last-minute complications.
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