CMA Course Details - Subjects, Eligibility, Exam Dates, Fee Details

February 21, 2019

Guide to become CMA in India

The Cost & Management Accountant is a highly reputed certification by the Institute of Cost Accountants of India (ICAI), India. Generally, people confuse between various terms like CMA, ICMAI, CWA, and ICWAI. Therefore, to make it clear, Institute of Cost & Works Accountants of India (ICWAI) has changed its identity into The Institute of Cost Management Accountants of India (ICMAI). Also, ICWA course has been renamed as CMA course. Therefore, technically there is no difference between ICWAI and CMA, they refer to one single thing.

CMA exam is considered as one of the toughest exams held in India the pass percentage ranges between 5% to 25%. However, CMA is gaining popularity in recent times among commerce students, who are contemplating to be professionals in accounting & finance due to its immense industry recognition.

This article will give a clear vision about CMA course details, syllabus, career prospects and so on

There are three levels in ICMAI course
  1. CMA Foundation
  2. CMA Intermediate
  3. CMA Final

 

CMA Foundation eligibility criteria and details

  • To become a Cost Management Accountant, one should complete these three levels of CMA course.
  • Students who have passed 10th  and +2 are eligible for the CMA Foundation
  • CMA exams are conducted by The Institute of Cost Accountants of India two times in a year in the months of June and December.
  • Once you have passed the CMA Foundation, you are eligible for CMA intermediate.
  • If you have any graduate degree, then you are exempted from ICMAI Foundation exams. You can directly appear for CMA Intermediate.

 

CMA Intermediate eligibility criteria and details

  • A candidate should have passed (10+2) and Foundation Course of the Institute of Cost Accountants of India
  • Graduation in any discipline other than Fine Arts.
  • Qualified in ICSI Foundation or ICAI Intermediate.
  • Its mandatory to complete Communication and Soft Skill (CSS) Training for 3 days and Complete Computer Training for 100 hrs before appearing the exam.

 

CMA Final eligibility criteria and details

Any candidate can apply for this course after qualifying the CMA Intermediate course from any institution.


Calendar of Important due dates for students

Please note the due date/last date scheduled for fulfilling the particular requirements for appearing in the June and December term examination   respectively.

Instructions:
  • The students are advised to complete the requirements for appearing in the June/December Term examination in time without waiting for the scheduled last date/due  date.
  • Students are advised to check the update announcements on the website  regularly.

CMA ROADMAP

Syllabus for CMA

The Institute of Cost Accountants of India has made some changes in CMA Final Syllabus Dec 2018 in ICWAI syllabus 2016. Recently official notification from ICMAI has stated that CMA Inter and CMA Final names have been changed to CMA Executive and CMA Professional.

 

Syllabus for CMA Foundation

Number of Papers – 4

Paper 1: Fundamentals of Economics and Management (FEM)

Paper 2: Fundamentals of Accounting (FOA)

Paper 3: Fundamentals of Laws and Ethics (FLE)


Syllabus for CMA Intermediate:

Number of Papers – 8

Group I

Paper 1: Financial Accounting (FAC)

Paper 2: Laws & Ethics (LNE)

Paper 3: Direct Taxation (DTX)

Paper 4: Cost Accounting (CAC)

 

Group II

Paper 5: Operations Management & Strategic Management (OMSM)

Paper 6: Cost & Management Accounting and Financial Management (CMFM)

Paper 7: Indirect Taxation (lTX)

Paper 8: Company Accounts & Audit (CAA)


Syllabus for CMA Final

Number of Papers – 8

 Group I

Paper 1: Corporate Laws & Compliance (CLC)

Paper 2: Strategic Financial Management (SFM)

Paper 3: Strategic Cost Management – Decision Making (SCMD)

Paper 4: Direct Tax Laws and International Taxation (DTI)

 Group II

Paper 5: Corporate Financial Reporting (CFR)

Paper 6: Indirect Tax Laws & Practice (ITP)

Paper 7: Cost & Management Audit (CMAD)

Paper 8: Strategic Performance Management and Business Valuation (SPBV)


Training and Quality Assessment Tests During ICWAI Final Course (Mandatory)

Complete Communication and Soft Skill (CSS) Training- 3 days

Complete Computer Training-100hrs.

Complete Industry Oriented Training Programme (IOTP)- 7 Days


Career scope

CMA Certification is an ultimate opportunity to get better-paying jobs. According to the recent survey, CMA certification holders earn 30% more than the non-certified counterparts.

Opportunities for CMA students in India are across all areas of an organisation, right from the planning, decision support, and control function the CMA profiles are being widely used, they hold designations like CFO, CTO, Treasurer, VP (Finance), Controller, Finance Manager, Internal Auditor, Budget Analyst, Financial Analyst, Corporate or division planner, Senior Accountant, Cost Accountant, Staff Accountant.

Top Fortune companies all over the world have CMAs in their key management. Thus, it’s a clear observation that the opportunities for CMA students in India are very diverse, the salary of a CMA ranges from Rs.500000 P.A for an entry-level jobs and ranges from 30,00,000 – 50,00,000 P.A for senior level CMA job profiles.

 Therefore, it’s worth investing your early age time to gain the required skills and certification. Hence it is proved that investing in CMA certification provides an ample opportunity to enjoy a successful career.


Role of Cost Accountant

Improving cost competitiveness

Resource and performance management

Financial reporting and strategy

Cost audit and assurance

Direct and indirect taxation

Internal audit and management audit

CMA Course Details – Registration Last Date | Foundation, Inter, Final | ICMAI 2020

The last dates for registration fall at least four months prior to the month in which examination is held. See below ICMAI or CMA Foundation registration last dates.

ICMAI or CMA Foundation Registration Last Dates

For June Examination of the same calendar year = 10th Feb 2020

For December Examination of the same year = 31st July 2020

Here we are also providing ICMAI Course Foundation registration last dates with examples for the benefit of students.

CMA Course Fee Details | Foundation Inter Final | ICMAI 2020

Read below ICMAI or CMA Foundation Inter and Final Fee Details

Course Fee

Foundation = ₹ 4000

Inter = ₹ 20000

Final = ₹ 17000

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