KNOW ABOUT CMA COURSE

The abbreviated form of Cost and Management Accounting is CMA.This Course is designed to nurture young minds into business leaders of tomorrow by taking strategic management decisions in both the national and international area.Contemporarily, the CMA course is gaining immense popularity among commerce students, especially for the students who want to make it a big career in the field of Cost and Management Accounting.The institute of Cost Accountants of India (ICMAI) is a professional Accountancy body in India which conducts CMA Exam

The Design of CMA Course : -

Level 1 - Foundation

Level 2 - Inter

Level 3 - Final

The duration of the course is 3 years.

CURRICULAM

BRIEF OF CMA FOUNDATION

  1. This is an entry–level exam to enter CMA Course.
  2. Registration with ICMA I is open throughout the year.

ELIGIBILITY CRITERIA

1. When to Register?

Candidates appearing for June term exam should apply before 31st January of that year.

Candidates appearing for Dec. term exam should apply before 31st July of that year.

2. Who can Register?

Passed Senior Secondary Examination under 10 2 scheme of a recognized Board or

An Examination recognized by the Central Government as equivalent thereto or

Has passed National Diploma in Commerce Examination held by the All India Council for Technical Education or

Any State Board of Technical Education under the authority of the said All India Council or

The Diploma in Rural Service Examination conducted by the National Council of Higher Education.

SUBJECT AND EXAMINATION PATTERN :

There are Four Papers in CMA Foundation

Paper-1: Fundamentals of Economics And Management.

Paper-2: Fundamentals of Accounting.

Paper-3: Fundamentals of Laws and Ethics.

Paper-4: Fundamentals of Business Mathematics and Statistics.

ABOUT EXAMINATION :

When are the attempts in a year?  :    June and December.

Which Medium one can choose?   :    English or Hindi

What are the passing criteria?      :     40% marks in each subject.

50% marks in aggregate.

BRIEF OF CMA INTER

  1. This is the (Second Level) intermediate level of a CMA Course.
  2. Registration with ICMAI is open throughout the year.
  3. There are two groups in this level, Group-I and Group-II.

ELIGIBILITY CRITERIA

1. When to register?

Candidates appearing for June term exam should apply before 31st January of that year.

Candidates appearing for Dec. term exam should apply before 31st July of that year.

2. Who can appear?

Passed Senior Secondary School Examination (10 2) and Foundation Course of the Institute of Cost Accountants of India/ Graduation in any discipline other than Fine Arts/ Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute.

Passed Foundation of ICSI/Intermediate of ICAI by what ever name called along with 10 2.

SUBJECT AND EXAMINATION PATTERN :

There are 2 Groups comprising of 4 Papers each.

Group I

  1. Paper-1: Financial Accounting.
  2. Paper-2: Laws and Ethics.
  3. Paper-3: Direct Taxation.
  4. Paper-4: Cost Accounting.

Group II

  1. Paper-5: Operations Management & Strategic Management.
  2. Paper-6: Cost & Management Accounting and Financial Management.
  3. Paper-7: Indirect Taxation.
  4. Paper-8: Company Accounts & Audit.

ABOUT EXAMINATION :

When are the attempts in a year?  :    June and December.

Which Medium one can choose?   :    English or Hindi

What are the passing criteria?      :     40% marks in each subject.

50% marks in aggregate.

Can exam be given group-wise / both group together ?  :            Yes

What is advantage of attempting both groups?

50% of the total will be calculated on total of both groups ( Not group wise ).

BRIEF OF CMA FINAL

  1. This is the (Last level) Final Level of a CMA Course.
  2. Registration with ICMAI is open throughout the year.
  3. There are two groups in this level, Group-I and Group-II.

ELIGIBILITY CRITERIA

1. When to register?

Candidates appearing for June term exam should apply before 31st January of that year.

Candidates appearing for Dec. term exam should apply before 31st July of that year.

2. Who Can Register?

Candidate who have passed Intermediate course of the Institute and completed 15 months of practical training.

SUBJECT AND EXAMINATION PATTERN :

There are 2 Groups comprising of 4 Papers Each.

Group I

  1. Paper-1: Corporate Laws & Compliance.
  2. Paper-2: Strategic Financial Management.
  3. Paper-3: Strategic Cost Management – Decision Making.
  4. Paper-4: Direct Tax Laws and International Taxation.

Group II

  1. Paper-5: Corporate Financial Reporting.
  2. Paper-6: Indirect Tax Laws and Practice.
  3. Paper-7: Cost and Management Audit.
  4. Paper-8: Strategic Performance Management and Business Valuation.

ABOUT EXAMINATION :

When are the attempts in a year?  :    June and December.

Which Medium one can choose?   :    English or Hindi

What are the passing criteria?      :     40% marks in each subject.

50% marks in aggregate.

Can exam be given group-wise / both group together ?  :            Yes

What is advantage of attempting both groups?

50% of the total will be calculated on total of both groups ( Not group wise ).

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