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.
During CMA Practical Training, students are required to submit different forms at different stages of their training.
These include:
Understanding which form applies to your training is the first step toward completing the ICMAI practical training process correctly.
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.
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:
Employer’s Responsibility
The remaining evaluation is completed by the employer or training supervisor, including:
Students should never fill in the employer’s evaluation section themselves.
The report has two sections.
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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.
This is where most students get confused.
You Need to Submit the Performance Report If:
In simple words, students submitting T5 or T5B after this update should keep the Performance Report ready.
You generally do not need to submit the Performance Report if:
If your training completion form has already been submitted before this change, there is usually no need to upload an additional Performance Report.
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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.
The process is straightforward.
Upload both documents on the portal.
To avoid delays, make sure you:
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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