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Certification of CMA

Updated: Feb 17, 2023

The Institute of Cost Accountants of India(ICMAI) conducts cost management accounting, also known as CMA. The Strategy, Management, Regulatory Framework, and Financial Reporting knowledge pillars serve as the foundation for the Cost Management Accounting course. Candidates can learn employability skills through the CMA course to prepare them for the future and help them deal with global challenges. A cost management accountant can offer expert assistance in the planning of investments, profit management, and general managerial decision-making.


ELIGIBILITY CRITERIA FOR CMA

CMA course has three levels namely foundation, intermediate, and final.

LEVELS

COURSE NAME

ELIGIBILITY

1.

FOUNDATION COURSE

Candidate must have completed class 10th or any equivalent examination Or Candidate must have passed Senior Secondary School Examination from a recognized board or any other exam board recognized by Central Government. Candidates who have cleared the Foundation Examination conducted by the Institute of Company Secretaries will be exempted from the foundation course and vice versa. Or Candidates who have cleared the intermediate examination conducted by the Institute of Chartered Accountants of India will be exempted from the foundation course.

2.

INTERMEDIATE COURSE

Candidate must have completed the Senior Secondary School Examination/ Higher Secondary Examination and Foundation Course or qualified for the Entry Level Examination of Certificate in Accounting Technicians (CAT) Course conducted by the Institute of Cost Accountants of India or Degree examination of any recognised University or Pursuing Engineering Course (having completed 2nd year/ Semester IV/ equivalent) or Qualified Engineers or equivalent in any subject (other than music, dancing, photography, painting & sculpture and so on.)

3.

FINAL COURSE

The candidate must have cleared the intermediate course to become eligible for the final course.

SKILLS REQUIRED FOR CMA


Skills that candidates should possess to clear all three levels of the paper are:

  • Knowledge

  • Comprehension

  • Application

  • Analysis

  • Synthesis and Evaluation


SYLLABUS OF COST AND MANAGEMENT ACCOUNTING

LEVEL

PAPER

SUBJECTS

FOUNDATION COURSE

PAPER 1

​Fundamentals of Economics and Management (FEM)

PAPER 2

Fundamentals of Accounting (FOA)

PAPER 3

Fundamentals of Laws and Ethics (FLE)

PAPER 4

Fundamentals of Business Mathematics and Statistics (FBMS)

INTERMEDIATE COURSE

GROUP 1


PAPER 5

Financial Accounting (FAC)

PAPER 6

​Laws and Ethics (LNE)

PAPER 7

​Direct Taxation (DTX)

PAPER 8

​Cost Accounting (CAC)

GROUP 2

PAPER 9

Operations Management and Strategic Management (OMSM)

PAPER 10

Cost and & Management Accounting and Financial Management (CMFM)

PAPER 11

​Indirect Taxation (lTX)

PAPER 12

​Company Accounts & Audit (CAA)

FINAL COURSE

GROUP 3

PAPER 13

Corporate Laws & Compliance (CLC)

PAPER 14

Strategic Financial Management (SFM)

PAPER 15

Strategic Cost Management – Decision Making (SCMD)

PAPER 16

Direct Tax Laws and International Taxation (DTI)

GROUP 4

PAPER 17

Corporate Financial Reporting (CFR)

PAPER 18

​Indirect Tax Laws & Practice (ITP)

PAPER 19

​Cost and Management Audit (CMAD)

PAPER 20

Strategic Performance Management and Business Valuation (SPBV)


SCORING OF THE CMA EXAM


For the CMA exam, a score of 360 out of 500 is deemed to be "passing." The exam is not mandatory for candidates to pass all sections. Each person's combined score for the two exam components determines whether they pass or fail. The CMA exam scores are weighted for the purposes of consistency and fairness.


After the month in which they took the exam has ended, test takers receive their results in about six weeks. Those who don't pass the test also get a performance evaluation from Prometric. The test-takers' performance in each subject area is described in this report. After candidates receive their test results, Prometric sends out performance reports in about two weeks.


HOW TO REGISTER FOR CMA EXAM?



Students who intend to pursue CMA can register in ICMAI website for CMA Foundation or Inter or Final . The following details are needed to proceed with the registration process.

  1. Contact details including Address, Mobile Number and Email id.

  2. Attachment details

  3. Coloured scanned copy of passport size photo in JPG or JPEG format

  4. Age proof Certification in Pdf format with size not exceeding 300 kb. Scan copy of Signature in JPG or JPEG format.

  5. Educational qualification certificates in PDF format size with size not exceeding 300 kb in each file.


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