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CMA - Cost and Management Accountant (2022)
The Institute of Cost Accountants of India offers CMA Course It is a professional course that specializes in financial management and cost accounting for organizations. The core study includes financial planning, financial cost analysis, cost planning, cost analysis, etc. It offers lucrative career options in business accounting. It basically includes management, regulatory framework, strategy, and financial reporting. This course has wide career prospects for graduates in both the public and private sectors.
One has to undergo 3 levels to get the certification of CMA -
Level 1: Foundation
- Paper 1: Fundamentals of Business Laws and Business Communication (FBLC)
- Paper 2: Fundamentals of Financial and Cost Accounting (FFCA)
- Paper 3: Fundamentals of Business Mathematics and Statistics (FBMS)
- Paper 4: Fundamentals of Business Economics and Management (FBEM)
Level 2: Intermediate
Group 1-
- Paper 5: Business Laws and Ethics (BLE)
- Paper 6 : Financial Accounting (FA)
- Paper 7: Direct and Indirect Taxation (DITX)
- Paper 8: Cost Accounting (CA)
Group 2-
- Paper 9: Operations Management and Strategic Management (OMSW)
- Paper 10: Corporate Accounting and Auditing (CAA)
- Paper 11: Financial Management and Business Data Analytics (FMDA)
- Paper 12: Management Accounting (MA)
Level 3: Final
Group 3-
- Paper 13: Corporate Laws and Compliance (CLC)
- Paper 14: Strategic Financial Management (SFM)
- Paper 15: Direct Tax Laws and International Taxation (DIT)
- Paper 16: Strategic Cost Management (SCM)
Group 4-
- Paper 17: Cost and Management Audit (CMAD)
- Paper 18: Corporate Financial Reporting (CFR)
- Paper 19: Indirect Tax Laws and Practise (ITLP)
ELECTIVES
- Paper 20a: Strategic Performance Management and Business Valuation (SPBV)
- Paper 20b: Risk Management in Banking and Insurance (RMBI)
- Paper 20C: Entrepreneurship and Startup (ENTS)
Highlights
Course Type
Part-Time
Age
No age limit(minimum/maximum) is set by ICMAI
Eligibility
Passed Class 10th or equivalent from a recognized Board
OR
Passed 12th from a recognized Board or an examination conducted by Central Government as equivalent thereto
Average Fees Incurred
- CMA Foundation - ₹4,000
- CMA Intermediate - ₹20,000
- CMA Finals -₹17,000
Employment Roles
Cost Accountant, Cost Manager, Financial Analyst, Corporate Controller, Financial Controller, Chief Investment Officer, Chief Financial Officer
Pass Percentage
- CMA Foundation - 40 percent marks in each of the subjects of a group and an aggregate of 50 percent or more in the group
- CMA Intermediate- 40 percent marks in each of the subjects of a group and an aggregate of 50 percent or more in the group
- CMA Final - 40 percent marks in each of the subjects of a group and an aggregate of 50 percent or more in the group
CMA - Cost and Management Accountant (2016)
The Institute of Cost Accountants of India offers CMA Course It is a professional course that specializes in financial management and cost accounting for organizations. The core study includes financial planning, financial cost analysis, cost planning, cost analysis, etc. It offers lucrative career options in business accounting. It basically includes management, regulatory framework, strategy, and financial reporting. This course has wide career prospects for graduates in both the public and private sectors.
One has to undergo 3 levels to get the certification of CMA -
Level 1: Foundation
- Paper 1: Fundamentals of Economic 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)
Level 2: Intermediate
Group 1-
- Paper 5: Financial Accounting (FAC)
- Paper 6: Laws and Ethics (LNE)
- Paper 7: Direct Taxation (DTX)
- Paper 8: Cost Accounting (CA)
Group 2-
- Paper 9: Operations Management and Strategic Management (OMSW)
- Paper 10: Cost and Management Accounting and Financial Management (CMAFW)
- Paper 11: Indirect Taxation (ITX)
- Paper 12: Company Accounts and Audit (CAA)
Level 3: Final
Group 3-
- Paper 13: Corporate Laws and Compliance (CLC)
- Paper 14: Strategic Financial Management (SFM)
- Paper 15: Strategic Cost Management - Decision Making (SCMD)
- Paper 16: Direct Tax Laws and International Taxation (DIT)
Group 4-
- Paper 17: Corporate Financial Reporting (CFR)
- Paper 18: Indirect Tax Laws and Practice (ITP)
- Paper 19: Cost and Management Audit (CMAD)
- Paper 20: Strategic Performance Management and Business Valuation (SPBV)
Highlights
Course Type
Part-Time
Age
No age limit(minimum/maximum) is set by ICMAI
Eligibility
Passed Class 10th or equivalent from a recognized Board
OR
Passed 12th from a recognized Board or an examination conducted by Central Government as equivalent thereto
Average Fees Incurred
- CMA Foundation - ₹4,000
- CMA Intermediate - ₹20,000
- CMA Finals -₹17,000
Employment Roles
Cost Accountant, Cost Manager, Financial Analyst, Corporate Controller, Financial Controller, Chief Investment Officer, Chief Financial Officer
Pass Percentage
- CMA Foundation - 40 percent marks in each of the subjects of a group and an aggregate of 50 percent or more in the group
- CMA Intermediate- 40 percent marks in each of the subjects of a group and an aggregate of 50 percent or more in the group
- CMA Final - 40 percent marks in each of the subjects of a group and an aggregate of 50 percent or more in the group
Frequently Asked Questions