All About CMA Course

Cost and Management Accountant abbreviated to CMA, is one of the viable professional courses in the commerce field. It is one of the popular courses amongst the commerce students.If you are aspiring to be CMA, then this article is for you. Through the article you will get to know about the course, course structure, duration, fees structure and eligibility criteria.

About CMA

The credentials of CMA are issued by The Institute of Cost Accountants of India. The course is designed to train the students for working in various corporate and industrial functions including finance, management, auditing, valuation etc.

CMA Course Structure

The CMA course is divided into 3 levels-

  1. Foundation Course
  2. Intermediate Course
  3. Final Course

CMA Course Syllabus

In each level students will be studying different subjects. Through the course the students prepare themselves for 20 papers. The details of the same are given below:

CMA Foundation Syllabus/ Subjects/ PapersCMA Intermediate Syllabus/ Subjects/ PapersCMA Final Syllabus/ Subjects/ Papers
  • Paper 1 – Fundamentals of Business Mathematics and Statistic
  • Paper 2 – Fundamentals of Laws and Ethics
  • Paper 3 – Fundamentals of Accounting
  • Paper 4 – Fundamentals of Economics and Management
  • Paper 5 – Company Accounts & Audit
  • Paper 6 – Indirect Taxation
  • Paper 7 – Cost and Management Accounting
  • Paper 8 – Operation Management Information System
  • Paper 9 – Cost accounting and financial management
  • Paper 10 – Direct Taxation
  • Paper 11 – Laws, Ethics and Governance
  • Paper 12 – Financial Accounting
  • Paper 13 – Financial Analysis & Business Valuation
  • Paper 14 – Cost and Management Audit
  • Paper 15 – Corporate Financial Reporting
  • Paper 16 – Strategic Performance Management
  • Paper 17 – Tax Management and Practice
  • Paper 18 – Business Strategy & Strategic Cost Management
  • Paper 19 – Advanced Financial Management
  • Paper 20 – Corporate Laws and Compliance

Duration of the Course

Though the duration of the course depends on the individual capacity, it generally takes 4 years to complete the course.

CMA Course Fees Structure

Below are the details of fee structure for each level of the course

Foundation

ParticularsAmountRemarks
FoundationRs. 6,000/-Payable on or before 31st January for June term and 31st July for December term of examinations

Intermediate

Option I (Without Installment)

ParticularsAmountRemarks
IntermediateRs. 22,000/-Payable on or before 31st January for June term and 31st July for December term of examinations

Option II (With Installment)

ParticularsAmountRemarks
Rs.12,000/-        (1 st Installment)At the time of Registration into Intermediate course
Rs.10,000/-    (2nd Installment)Payable on or before 31st January for June term and 31st July for December term of examinations

CMA Final

Option I (Without Installment)

ParticularsAmountRemarks
FinalRs. 25,000/-Payable on or before 31st January for June term and 31st July for December term of examinations

Option II (With Installment)

ParticularsAmountRemarks
FinalRs.15,000/-        (1 st Installment)At the time of Registration into Final course
Rs.10,000/-    (2nd Installment)Payable on or before 31st January for June term and 31st July for December term of examinations

A Registration is valid for a period of 7 (seven) years from the date of registration. After the expiry of seven-years period, his/her registration shall be cancelled. In such a case, the student has to apply for ‘DE NOVO’ Registration in the prescribed form along with a payment of ` 2,000/- as DE NOVO Registration Fees. DE NOVO Registration is normally granted once only. The second time DE NOVO Registration may be granted if the student has passed at least one Group or earned exemption in at least two subjects

Eligibility Criteria and Roadmap to Course

The students can pursue the course either through Foundation route or Direct Entry Route.

  1. Under Foundation route, the students can register for the Foundation level of the course after passing class 10. However, the students become eligible to write Foundation Course exam after passing Class 12.
  2. After Qualifying Foundation course the students can enrol themselves to the Intermediate Course (postal or Oral) If the Student has opted for Direct Entry route, he can enrol directly to Intermediate Course (postal or Oral) after completion of graduation under any discipline other than Fine Arts.
  3. After registering for the Intermediate Course, the student has to undergo Coaching, Computer Training, Communication and Soft Skills Training. The duration of computer training is 100 hrs and Communication and Soft Skill training is 3 days.Completion of above training shall make him eligible to write Intermediate Course exams
  4. Only the candidates who have passed Intermediate Examination of the Institute of Cost Accountants of India are eligible for admission to Final Course.The student shall also complete Mandatory Industrial training of 7 days and register simultaneously for practical training of 3 years. The student must have completed at least 6months of practical to be eligible for the Final Course Exam.
  5. Qualify the Final Exam and complete the remaining period of practical training.Also complete 15days of modular training.
  6. Obtain membership from the Institute

Standard of Pass

  1. A Candidate of foundation examination shall be declared to have passed in the examination, if he secures minimum 40% marks in each paper and an aggregate of 50% of total marks.
  2. Pass in a Group in Intermediate/ Final Examination: A Candidate shall be declared to have passed in a group of an examination, if he secures minimum 40% marks in each paper of the group and an aggregate of 50% of total marks of non-exempted papers of that group.
  3. A Candidate will be declared passed in an examination if he passes all groups in that examination.
  4. A Candidate who has passed the examination obtaining 70% marks of total marks of all papers of Intermediate or Final examination at one sitting shall be deemed to have passed the examination with distinction.
  5. Exemption: If a Candidate is unsuccessful in passing a group but secures 60% or more in any paper or papers, he shall be exempted in the paper from appearing in subsequent examination. For calculation of aggregate in the subsequent examination of the group, the marks in each of the exempted papers will be reckoned as 50.
  6. Carry Forward of marks: If a Candidate is unsuccessful in passing a group but secures 60% or more in any paper and minimum 40% marks in each of the remaining papers of the group at a time, he shall be exempted in that paper from appearing in subsequent examination and allowed the benefit of carry forward of actual marks of that paper in his subsequent examination of the group.
  7. The benefit of exemption or carry forward of marks mentioned above, shall automatically cease if a candidate, on his own, appears in any examination for such exempted paper(s).
  8. The benefit of exemption or carry forward of marks mentioned above is not available in Foundation Examination.

ALL ABOUT CS EXECUTIVE

Leave comment

Your email address will not be published. Required fields are marked with *.