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.
Contact details including Address, Mobile Number and Email id.
Attachment details
Coloured scanned copy of passport size photo in JPG or JPEG format
Age proof Certification in Pdf format with size not exceeding 300 kb. Scan copy of Signature in JPG or JPEG format.
Educational qualification certificates in PDF format size with size not exceeding 300 kb in each file.