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Cost and Management Accountancy (CMA)

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What is Cost and Management Accountancy (CMA)?

The Cost & Management Accountancy (CMA) 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.

A Cost and Management Accountant (CMA) is a person who performs services involving costing, pricing of goods and services, verification or certification of cost records and taxation, especially in indirect taxation. Unlike pure accounting professionals, the demands for CMA’s cut across functions in all organisations. In Marketing department, he/she requires to prepare the quotation, in the production department is required to advise on the profitable product mix, in the purchasing department for taking make or buy decision and in top management for identifying business risk and their mitigation. CMA’s also works in the field of risk management and valuation services.

What is the 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

How many levels are there in Cost & Management Accountancy (CMA) Course?

The Cost & Management Accountancy course consists of three levels.

  • CMA Foundation course
  • CMA Intermediate or CMA Inter
  • CMA Final

What is the eligibility required to study Cost & Management Accountancy (CMA) Course?

There are two options to pursue a Cost & Management Accountancy (CMA) course.

  • Foundation Entry

    If a person opts to pursue a Cost & Management Accountancy CMA course after 12th standard they can directly register for the Foundation or CPT course through Foundation Entry option.

  • Direct Entry

    If a person opts to pursue a Cost & Management Accountancy CMA courses after graduation or the students who cleared the Intermediate level of the Institute of Cost Accountants of India or The Institute of Company Secretaries of India. (ICSI), they can directly register for the Intermediate course through Direct Entry option.

CMA course details Road Map

CMA Step by Step Process
  1. The first step is to clear the CMA Foundation.

    You can register for this with ICMAI post your 10th Std. but you are only eligible to write the exams once you clear your 12th Std. or HSC.

    CMA Foundation is exempt if you are already a commerce graduate with >55% marks and also exempt for non-commerce graduates with >60% marks the students who cleared the Intermediate level of the Institute of Cost Accountants of India or The Institute of Company Secretaries of India.

  2. The second step is to enrol for the CMA Intermediate.

    Students qualified in ICSI Foundation or ICAI Intermediate or Graduation in any discipline other than Fine Arts can then appear for Group 1 and /or Group 2 examinations of the CMA Inter.

    It is mandatory to complete Communication and Soft Skill (CSS) Training for 3 days and Complete Computer Training for 100 hrs before appearing the exam.

    Once they clear Group 1 and 2 exams, they are eligible for a 6 months practical training.

    Note: Students Who have registered for CMA Inter in 2020 has to undergo practical training for at least 15 months instead of 6 months.

  3. The third step is to enrol for the CMA Final exams. Any candidate can apply for this course after qualifying the CMA Intermediate course

  4. The fourth step is to Acquire Cost Accountant Membership.

What is the pass percentage for Cost and Management Accountancy (CMA) Course?

The CMA exam will be held in June and December every year. The course is not new but revised. Besides, the Foundation exam will be both descriptive and objective. Under the new scheme, a student must achieve 40% in all the subjects and 50% marks in aggregate in each level.

What is the Registration Fees for Cost and Management Accountancy (CMA) Course?

The Fees mentioned below is the registration fees both oral and postal, not coaching fees. The registration fees has to be paid to “Institute of Cost Accountants of India” (ICAI). For more details about the fees visit www.icmai.in.

Sl. No.
Details of Fee
Rupees
1
CMA Foundation Registration Fees
4,000
2
CMA Inter Registration Fees (Option 1)
20,000
3
CMA Inter Registration Fees (Option 2) Installment 1 Note: Fees can be paid in two instalment.
12,000
4
CMA Inter Registration Fees (Option 2) Installment 2 Note: Fees can be paid in two instalment.
8,000
5
CMA Final Registration Fees
17,000

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Cost & Management Accountancy (CMA) Course Registration Date?

Cost and Management Accountancy (CMA) Registration date and examination date. The dates are applicable for all three levels CMA Foundation, CMA Inter and CMA Final.

Event
June Exam Batch
December Exam Batch
Exam
1st or 2nd week of June
1st or 2nd week December
CMA Registration Form Available
Throughout the year
Throughout the year
Last Date for CMA Registration
January 31st
July 31st
Revalidation of coaching for CMA Intermediate / CMA Final Course
2nd Week of March
2nd Week of September
Last Date to Submit the CMA Examination Form
1st Week of April
1st Week of October
Apply for Paper-wise Exemption
Before filling Examination form
Before filling Examination form
Announcement of CMA Exam Result
In the month of August
In the month of February

The dates mentioned above are subject to change. For more details about the fees visit www.icmai.in.

What are the documents required for registration of the Cost and Management Accountancy (CMA) Course?

The below-mentioned documents are to be scanned and upload at the time of registration. You can register for CMA at www.icmai.in. All documents have to be scanned and uploaded on this website.

CMA Foundation Registration Documents

These are the documents required for CMA foundation Registration

  • Passport Photo
  • Specimen Signature
  • Age Proof
  • 10th & 12th Pass Mark sheet – For 12th Passed Students
  • 10th Pass Mark sheet –  For 10th Passed Students. Where the students have to submit 12th marks sheet after passing 12th std.

CMA Inter Registration Documents
Provisional (Yet to complete Graduation/ equivalent)
Regular (Graduation/ equivalent passed)
Regular (For Engineering Graduates having completed 2nd year equivalent OR Graduate Engineers(qualified Engineering Final Examination)
Passport Photo
Passport Photo
Passport Photo
Specimen Signature
Specimen Signature
Specimen Signature
Age Proof
Age Proof
Age Proof
10th & 12th Pass Mark sheet
10th & 12th Pass Mark sheet
10th & 12th Pass Mark sheet
Graduation (1st & 2nd year / 1st to 5th semester) Marksheet
Graduation (1st to 3rd year / 1st to 6th semester) Marksheets
2nd year or 4th semester Marksheet (For Pursuing Student)
Graduation (3rd year / 6th semester) Admit Card.
Any one of the following qualified Mark sheet CAT-CMA CMA Foundation CS Foundation CA IPCC or CA Intermediate
Engineering Completion certificate
CMA Final Registration Documents

CMA Intermediate Pass (both Group-I & Group-II) Marksheet/Certificate. Along with the documents which were required for CMA Foundation mentioned above.

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Cost and Management Accountancy (CMA) - FAQ

Cost & Management Accountant (CMA) is a designation given to a cost accounting professional who has received certification from the Institute of Cost Accountants of India (ICAI), India. a statutory body.

Cost & Management Accountant or Cost & Management Accountancy

CMA India course is conducted by the Institute of Cost Accountants of India (ICAI) where students have to study 20 papers and CMA US is the course conducted by Institute of Management Accountant (IMA) where students have to study 2 papers.

The fees charged by Institute of Cost Accountants of India (ICAI) for each level is,

CMA Foundation Fees = ₹ 4,000/-

CMA Inter Fees = ₹ 20,000/-

CMA Final Fees = ₹ 17,000/-

There is no articleship required for CMA. Instead, students have to undergo 15 months of practice training.

Yes, ICWA - Institute of Cost and Work Accountant is the previous name of CMA

ICWA - Institute of Cost and Work Accountant is the previous name of CMA

CMA courses can be done either through Foundation Entry Route or Direct Entry Route.

After 12th, Register yourself in (Institute of Cost Accountants of India) ICAI through Foundation entry and clear all three levels with 15 months of practical training.

There are 20 subjects in 3 levels of CMA Course. CMA Foundation is excluded for Direct Entry candidates.

CMA Foundation - 4 Subjects

CMA Inter - Group 1 - 4 Subjects

CMA Inter - Group 2 - 4 Subjects

CMA Final - Group 1 - 4 Subjects

CMA Final - Group 2 - 4 Subjects

Institute of Cost Accountants (ICAI) conducts the exams in June and December every year. The exams in 2020 might be delayed due to coronavirus lockdown.

For June exams, 31st Jan is the last date for registration

For Dec exams, 30th July is the last date for registration