The CMA India program, offered by the Institute of Cost Accountants of India, is a prestigious professional course focused on cost and management accounting. It covers key areas like financial management, corporate laws, and strategic management, preparing students for roles such as cost accountants, financial analysts, and management consultants. Recognized by various statutory bodies, the course provides diverse career opportunities across multiple industries, including manufacturing, banking, and IT.
Frequently asked questions
What is CMA India? & What CMA Stands for?
CMA stands for Cost & Management Accountant. Founded in 1959, The Institute of Cost Accountants of India (ICMAI) is a statutory body established by an Act of Parliament and a professional accounting body offering the Cost & Management Accountant Qualification ( i.e. CMA Course). Accountant Qualification ( i.e. CMA Course). A Cost & Management Accountant is a profession in the field of Cost, finance, tax and accounting. The profession keenly concentrates on preparation & auditing Cost records, investing Cost anomalies, financial forecasting, Financial planning, developing and maintaining financial system Accountant is a profession in the field of Cost, finance, tax and accounting. The profession keenly concentrates on preparation & auditing Cost records, investing Cost anomalies, financial forecasting, Financial planning, developing and maintaining financial system.
How many levels in CMA India Course?
The CMA Qualification has been divided into 3 levels i.e. CMA Foundation Level – 4 Papers, CMA Intermediate Level – 8 Papers, CMA Final Level – 8 Papers.
What is the Eligibility Criteria to appear for CMA India?
To appear for the CMA Foundation Examination a candidate should have – Qualified the 10+2 exams, PUC or Equivalent To appear for the CMA Intermediate Examination a candidate should have CMA Foundation Pass or Graduated in any discipline other than Fine Arts
How much cost would CMA India Course Fee be?
CMA Foundation Course Fees: Registration fee: 9000 Rs Exam fee: 1500 Rs, CMA Intermediate Course Fees: Registration fee: 40000 Rs Exam fee: 2500 Rs​
Who Should do CMA India?
Mentally Strong and Capable of Handling Pressure Academically Good
What’s CMA India Passing Criteria and Pattern of Exam ? & When Can the Exam can Attempted?
Minimum of 40 percent marks in each paper and 50 % in Aggregate All paper based exams for papers are conducted 2 times a year in the months of May and November.
 What is the Average Duration of CMA Course?
It takes 4 to 5 years to complete all the exams & other Training Programmes of the CMA course.
 How much cost would CMA Foundation Course fee be ?
Registration fee: Rs 9000 Exam fee: Rs 1500 (Please Note: This fee is paid to ICAI and does not include Coaching Fee)
 How much cost would CMA Intermediate Course fee be ?
Registration fee: 40000 Rs Exam fee: 2500 Rs​(Please Note: This fee is paid to ICAI and does not include Coaching Fee)
Why to do CMA ?
Earn a Good Salary Job Security Acquiring Good Knowledge in Cost, Finance, Tax, Audit Highly Respected Profession Entrepreneurial
What Does a CMA do ?
Scope of a hardcore CMA would be Auditing Financial & Cost Accounting Taxation Management Accounting
What is the CMA Foundation Course Syllabus?
The CMA Foundation course is divided into 4 Papers covering the fundamentals of accounting, business laws, mathematics, economics, and management.
CMA Foundation (4 Papers)
- 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)
What is the CMA Intermediate Course Syllabus?
The CMA Intermediate course is divided into 2 Groups consisting of 8 Papers.
Group I
- 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 II
- Paper 9: Operations Management and Strategic Management (OMSM)
- Paper 10: Corporate Accounting and Auditing (CAA)
- Paper 11: Financial Management and Business Data Analytics (FMBDA)
- Paper 12: Management Accounting (MA)
What is the CMA Final Course Syllabus?
The CMA Final qualification is divided into 2 Groups along with one elective paper.
CMA Final Group III
- Paper 13: Corporate and Economic Laws (CEL)
- Paper 14: Strategic Financial Management (SFM)
- Paper 15: Direct Tax Laws and International Taxation (DIT)
- Paper 16: Strategic Cost Management (SCM)
CMA Final Group IV
- Paper 17: Cost and Management Audit (CMAD)
- Paper 18: Corporate Financial Reporting (CFR)
- Paper 19: Indirect Tax Laws and Practice (ITLP)
Elective Papers (Choose Any One)
- Paper 20A: Strategic Performance Management and Business Valuation (SPMBV)
- Paper 20B: Risk Management in Banking and Insurance (RMBI)
- Paper 20C: Entrepreneurship and Startup (ENTS)
The CMA India Foundation syllabus is a comprehensive and challenging program that covers all aspects of accounting, finance, and business. Course is divided into 4 Papers
Common question answered
CMA Foundation Registration & Fee
- Registration Fee: ₹6,000
- Examination Fee:
Single Group: ₹1,200 ,
Late Fee for Examination Form submission (Challan Mode): ₹300
CMA Foundation Exam
- The CMA India course follows a structured journey, starting with the Foundation Route for those who have passed Class 12th or a Direct Entry Route for graduates in any discipline other than Arts.
- After registering for the CMA Foundation Course and clearing it, students can proceed to the CMA Intermediate Course. This course includes additional training such as SAP Finance, Microsoft Education, and E-Filing. Upon clearing the Intermediate Exam, students can register for the CMA Final Course, which includes a mandatory 7-day industry-oriented training program and 15 months of practical training.
- After passing the Final Exam and completing a minimum of 3 years of work experience, candidates are eligible to apply for membership with the Institute of Cost Accountants of India.
What is the CMA Foundation Structure?
- 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).
To appear for the CMA Intermdiate Exam, a student must Pass CMA Foundation
- Cleared CMA Foundation: The candidate should have cleared the CMA Foundation
- Candidates who have passed Class 10 and Class 12 (or an equivalent examination) are eligible to register for the CMA Intermediate Course. Graduates in Commerce and Non-Commerce disciplines are also eligible to apply as per the guidelines prescribed by ICMAI.
Common question answered
CMA Intermediate Registration & Fee
- Course Registration Fee: ₹23,100 (includes tuition fee) for CMA Foundation students and ₹23,100 for Direct Entry students. The registration is valid for 5 years.
- Exam Fee: ₹1,500 for a single group,₹2,800 for both groups., payable while registering for the examination.
CMA Intermediate Exam
- Mode of Exam: Offline Center-Based
- Total papers: 8 (Group 1 and group 2)
- Passing criteria: 40% in all papers and 50% aggregate also along with this student has to clear SAP module
- Exam Eligibility: Students not Completing SAP learning Hub will be Eligible to appear only for a Single Group.
- Exam frequency: Two times June and Dec.
- Exam Pattern: 70% Descriptive and 30% Objective.
- Paper attempt: One or both the groups
When is the CMA Intermediate Exam conducted?
- Examination Schedule: The CMA Intermediate Examination is conducted twice a year, typically in June and December, as per the examination schedule announced by the Institute of Cost Accountants of India (ICMAI).
What is the CA Intermediate Course Structure?
Group 1
- Paper 5: Business Laws and Ethics
- Paper 6: Financial Accounting
- Paper 7: Direct and Indirect Taxation
- Paper 8: Cost Accounting
Group 2
- Paper 9: Operations Management and Strategic Management
- Paper 10: Corporate Accounting and Auditing
- Paper 11: Financial Management and Business Data Analytics
- Paper 12: Management Accounting
The Institute of Cost Accountants of India officially prescribes the CMA Final eligibility criteria on its official website, Candidates should check the following eligibility requirements:
- Qualified CMA Intermediate exam.
- Valid CMA registration number.
- Completed prescribed training of the CMA Final course.
- You shouldn’t lose your eligibility for the CMA final exam.
- Candidates who have passed the CMA Intermediate exam in the June session will not be allowed to sit for the CMA Final December session.
Common question answered
CMA India Final Registration & Fee
- Registration and Tuition Fee: ₹25,000 (includes tuition fee)
- Examination Fee
- – ₹1,800 for a single group.
- – ₹3,200 for both groups.
CMA India Final Exam
- Exam Mode: The CMA India Final exam is conducted offline at a designated exam center. The Institute of Cost Accountants of India (ICMAI) does not currently offer the option to take the exam from home.
- Exam Period: The Institute of Cost Accountants of India, also known as ICMAI, conducts the CMA exam twice in one year. The two terms of the CMA exam are conducted in December and June sessions.
- Exam Pattern: CMA Final exam consists of 7 papers divided into 2 groups.
- Pass Criteria: Score at least 40% in each subject paper
- Achieve a minimum of 50% aggregate marks across all papers in a group
CMA India Final Structure & Resources
CMA India Final exam is divided into 2 groups:
CMA India Final Group 3 Subjects
- Paper 13: Corporate And Economic Laws (CEL)
- Paper 14: Strategic Financial Management(SFM)
- Paper 15: Direct Tax Laws And International Taxation (DIT)
- Paper 16: Strategic Cost Management (SCM)
CMA Final Group 4 Subjects
- PAPER 17: Cost And Management Audit (CMAD)
- PAPER 18: Corporate Financial Reporting (CFR)s
- PAPER 19: Indirect Tax Laws And Practice (ITLP)
CMA India Final Electives Subjects
- Paper 20A: Strategic Performance Management And Business Valuation (SPMBV)
- Paper 20B: Risk Management In Banking And Insurance (RMBI)
- Paper 20C: Entrepreneurship And Startup (ENTS)
