CMA Course Details – All Three Levels


As CMA course is gaining popularity among students. Students are curious about the CMA course details, CMA course subjects, CMA course syllabus, CMA course exam dates and CMA course career prospects. Students want to know how to become Cost Accountant. So, in this this article we are providing all the important CMA course details.
Over the time we have seen that people tend to confuse between cma course details and terms like CMA, ICMAI, CWA, ICWA and ICWAI. So, to end your all confusion, Institute of Cost & Works Accountants of India (ICWAI) has changed its name into The Institute of Cost and Management Accountants of India (ICMAI). Also, CWA course has been renamed as CMA course. So there is no difference between ICWA and CMA, they are the same.

CMA course is a gateway to become a Cost & Management Accountant.

In this article you will get the CMA course details or How to Become Cost Accountant in India (CMA). Steps to Become CMA (Cost & Management Accountant). Where to Apply for CMA Course, When to Apply for CMA Course, Practical Training Details etc.

Now you can scroll down and check complete details regarding “CMA Course Details | How to Become Cost Accountant | ICMAI Course Details”

CMA Course Details – At a glance

cma course details

CMA Course Details – CMA Course Stages/Levels

There are 3 stages in CMA course i.e;

  1. CMA Foundation
  2. CMA Intermediate
  3. CMA Final

Watch the video below to understand the CMA course details (work, scope and levels etc.)

Update: Foundation Exams are now held twice (not 4 times) in a year.

If you want to become a Cost & Management Accountant, you should complete three stages of CMA course. Students who have passed 10+2 are eligible for the CMA Foundation exam. The Institute of Cost Accountants of India conducts CMA exams two times in a year in the months of June and December.
If you have passed CMA Foundation exam then you are eligible for CMA Intermediate. If you have any graduate degree then you are exempted from ICMAI Foundation exams that means you can directly enter into CMA Intermediate.
Read Career as a Cost Accountant here.
After knowing the basic of CMA course datails let us now understand the CMA Institute and its work. Follow us on Facebook & Instagram also subscribe to our free mailing listYouTube channel.

CMA Course Details – About CMA Institute

ICMAI is statutory professional accountancy body in India with the objects of promoting, regulating and developing the profession of Cost Accountancy. It is the only licensing cum regulating body of Cost & Management Accountancy profession in India.

It recommends the Cost Accounting Standards to be followed by companies in India to which statutory maintenance of cost records are applicable.

ICMAI is the largest management accounting body in Asia and second largest management accounting body in the world.

The headquarters of ICAI is situated in Kolkata, and operates through its four regional councils located at Kolkata, Chennai, Delhi and Mumbai, 94 chapters in India and 78 chapters abroad.
Chapters are nothing but branch. Check the complete list of chapters below and save the address and phone number of your nearest chapter or chapter of your choice, as it will be required in the near future.
Complete Address list: CMA Chapters and Regional Office Address

CMA Course Details – Prospectus

Download CMA course prospectus (Syllabus 2016).

CMA Course Details – Important dates for students

CMA Course Due Dates
Please note the due date/last date scheduled for fulfilling the particular requirements for appearing in the CMA June and December term examination respectively.
Instructions:
1. The students are advised to complete the requirements for appearing in the June/December
Term examination in time without waiting for the scheduled last date/due date.
2. Students are advised to check the update announcements on the website regularly.

CMA Course Details – Foundation Level/Stage

CMA Foundation Eligibility

  • A candidate should have passed Class 10 or equivalent from a recognized Board or Institution.
  • 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. 
    Incumbents waiting for the result can apply for provisional admission.

CMA Foundation Admission

Admission to foundation course for the ICAI course is open throughout the year However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination should apply before 31st July of that year.
You can apply for CMA Foundation course any time during the year. CMA foundation admission can be done Online as well as offline. You can take online admission here. To take offline admission you will have to visit your chapter (branch). Check complete address list: CMA Chapters and Regional Office Address
While taking admission you will find two options,
1. Oral Coaching

  • Students opting Oral Coaching mode can attend Oral coaching classes at Chapter/Regional Councils of the institute selected by them.
  • Students opting Oral Coaching need to collect Study Materials from concerned Regional Council / Chapter / CMA Support Centre after receipt intimation from HQ by SMS/email.

2. Postal Coaching

  • Students opting Postal Coaching mode shall have to submit answer to Postal test papers only.
  • All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances to their respective Regional Councils / Chapters only.
  • That means you will not have to attend classes at chapter and every communication will be directly with you and not via chapter.

CMA Foundation Fee

Admission Fee
Cost of Prospectus – ₹250 (Offline admission only)
Oral Coaching Fees – ₹4000
Postal Coaching Fees – ₹4000
Click here for complete fee details
Examination Fee – ₹1200 (Payable at the time of filling exam form)

CMA Foundation Documents Required

  • Attested Copy of Matriculation Certificate
  • Attested copy of 10+2 Certificate or Marks Statement
  • 3(Three) Passport size photographs – (One pasted on application form, one pasted on identity card and one to be attached with application)

Note: Attestation should be by any member of The Institute of Cost Accountants of India /The Institute of Chartered Accountants of India/ The Institute of Company Secretaries of India/Parliament/State Legislative Assembly or a Gazetted Officer or a Principal of a college.

CMA Foundation Subjects

Paper 1 Fundamentals of Economics and Management (FEM)
Paper 2 Fundamentals of Accounting (FOA)
Paper 3 Fundamentals of Laws and Ethics (FLE)
Paper 4 Fundamentals of Business Mathematics & Statistics (FBMS)

CMA Foundation Syllabus

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 & Statistics

CMA Foundation Examination

CMA Foundation Exams are held twice in the month of June and December. The Foundation Examination will be conducted in Offline, descriptive (Pen & Paper) mode only. Each paper will be of 100 marks and for 3 hours duration.
Application Forms for Foundation Examination can be filled up either through online or in offline mode. Students can login to the website www.icmai.in and apply online through payment gateway by using Credit/Debit card or Net banking.

CMA Foundation Result

CMA Foundation Exam Result is declared on 21st February for December exams and on 23rd August for June exams. The result dates are exact and fixed for every term.
Check result for CMA Foundation Examination at the following servers:

CMA Foundation Passing Marks (Qualifying Criteria)

To pass CMA Foundation Exam your aggregate marks must be 50% which means 200 out of 400 marks and you need 40% marks in each paper that is minimum 40 marks out of 100 marks in each paper.
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CMA Course Details – Intermediate Level/Stage

CMA Inter Eligibility

  • 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.
  • List of other qualifying examination are given vides Annexure VI of prospectus.
    Incumbents waiting for the result can apply for provisional admission.

CMA Inter Admission

Admission to CMA Intermediate course for the ICAI course is open throughout the year However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination should apply before 31st July of that year.
You can apply for CMA Inter course any time during the year. CMA Inter admission can be done Online as well as offline. You can take online admission here. To take offline admission you will have to visit your chapter (branch). Check complete address list: CMA Chapters and Regional Office Address
While taking admission you will find two options,
1. Oral Coaching

  • Students opting Oral Coaching mode can attend Oral coaching classes at Chapter/Regional Councils of the institute selected by them.
  • Students opting Oral Coaching need to collect Study Materials from concerned Regional Council / Chapter / CMA Support Centre after receipt intimation from HQ by SMS/email.

2. Postal Coaching

  • Students opting Postal Coaching mode shall have to submit answer to Postal test papers only.
  • All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances to their respective Regional Councils / Chapters only.
  • That means you will not have to attend classes at chapter and every communication will be directly with you and not via chapter.

CMA Inter Fee

Admission Fee
Cost of Prospectus – ₹250 (Offline admission only)
Oral Coaching Fees – ₹20000
Postal Coaching Fees – ₹20000
Click here For complete fee details
Examination Fee – ₹1200 per group (Payable at the time of filling exam form)

  • Option I (Without Installment)

Payable on or before 31st January for June term and 31st July for December term of examinations.

  • Option II (With Installment)

₹12,000 (1st Installment) – Payable at the time of enrollment into Intermediate course.
₹8,000 (2nd Installment) – Payable on or before 31st January for June term and 31st July for December term of examinations.
Note:
1. To be eligible for appearing in Intermediate examinations, the 2nd Installment amounting to ₹8000 must be payable on or before 31st January for June term and 31st July for December term of examinations.

2. If the student fails to pay 2nd installment within the prescribed time limit as mentioned
in point no. 1, the installment facility will be still available till next 3 Consecutive terms. The 2nd installment is to be paid within the cut-off dates (on or before 31st January for June term and 31st July for December term of examinations).

3. No student can appear for Intermediate examination without paying 2nd installment.

4. Failure to pay the 2nd installment within the prescribed time limits as mentioned in point no. 1 & 2, will lead to forfeiture of the amount already paid as 1st Installment, except Registration Fees which will be valid for 7 years from the date of Registration.

5. After paying 1st installment student will get study materials of both groups and can opt for oral/postal coaching of either Group (Group I/II) as per the choice of the student.

6. After paying 2nd Installment student will be eligible to opt for oral/postal coaching of other group and computer and other training as applicable.

CMA Inter Documents Required

  • Attested Copy of Matriculation Certificate
  • Attested copy of 10+2 Certificate or Marks Statement
  • Attested copy of the degree
  • Foundation exam marksheet
  • 3 (Three) Passport size photographs – (One pasted on application form, one pasted on identity card and one to be attached with application)

Note: Attestation should be by any member of The Institute of Cost Accountants of India /The Institute of Chartered Accountants of India/ The Institute of Company Secretaries of India/Parliament/State Legislative Assembly or a Gazetted Officer or a Principal of a college.

CMA Inter Subjects

Group 1
Paper 5 Financial Accounting (FAC)
Paper 6 Laws and Ethics (LE)
Paper 7 Direct Taxation (DT)
Paper 8 Cost Accounting (CA)

Group 2
 Paper 9 Operations Management & Strategic Management (OMSM)
 Paper 10 Cost & Management Accounting and Financial Management (CAFM)
 Paper 11 Indirect Taxation (IDT)
 Paper 12 Company Accounts & Audit (CAA)

CMA Inter Syllabus

Group 1
Paper 5 Financial Accounting
Paper 6 Laws and Ethics
Paper 7 Direct Taxation
Paper 8 Cost Accounting

Group 2
Paper 9 Operations Management & Strategic Management
Paper 10 Cost & Management Accounting and Financial Management
Paper 11 Indirect Taxation
Paper 12 Company Accounts & Audit

Also Read CMA Intermediate Reference Books Best Collection

CMA Inter Examination

CMA Intermediate Exams are held twice in the month of June and December. The Intermediate Examination will be conducted in Offline, descriptive (Pen & Paper) mode only. Each paper will be of 100 marks and for 3 hours duration.
Application Forms for Inter Examination can be filled up either through online or in offline mode. Students can login to the website www.icmai.in and apply online through payment gateway by using Credit/Debit card or Net banking.

CMA Inter Result

CMA Inter Exam Result is declared on 21st February for December exams and on 23rd August for June exams. The result dates are fixed for every term.
Check result for CMA Intermediate Examination at the following servers:

CMA Inter Passing Marks (Qualifying Criteria)

To pass CMA Intermediate Exam your aggregate marks must be 50% which means 200 out of 400 marks in each group and you need 40% marks in each paper that is minimum 40 marks out of 100 marks in each paper. However you can take benefit of set off only if you appear for both groups.
Set Off Rule:
There is the requirement that a candidate should pass all subjects in one sitting then the set off will be available. For example: you get 190 marks in group 1 and 210 marks in group 2 and having more than 40 marks in individual subjects then set off of 10 marks will be available and accordingly you will be declared clear in both groups.
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CMA Course Details – Final Level/Stage

CMA Final Eligibility

  • Passed Senior Secondary School Examination (10+2) and Intermediate Course of the Institute of Cost Accountants of India/ Graduation in any discipline other than Fine Arts.
  • List of other qualifying examination are given vides Annexure VI of prospectus.

CMA Final Admission

Admission to CMA Final course for the ICAI course is open throughout the year However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination should apply before 31st July of that year.
You can apply for CMA Final course any time during the year. CMA Final admission can be done Online as well as offline. You can take online admission here. To take offline admission you will have to visit your chapter (branch). Check complete address list: CMA Chapters and Regional Office Address
While taking admission you will find two options,
1. Oral Coaching

  • Students opting Oral Coaching mode can attend Oral coaching classes at Chapter/Regional Councils of the institute selected by them.
  • Students opting Oral Coaching need to collect Study Materials from concerned Regional Council / Chapter / CMA Support Centre after receipt intimation from HQ by SMS/email.

2. Postal Coaching

  • Students opting Postal Coaching mode shall have to submit answer to Postal test papers only.
  • All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances to their respective Regional Councils / Chapters only.
  • That means you will not have to attend classes at chapter and every communication will be directly with you and not via chapter.

CMA Final Fee

Admission Fee
Cost of Prospectus – ₹250 (Offline admission only)
Oral Coaching Fees – ₹17000
Postal Coaching Fees – ₹17000
Click here For complete fee details
Examination Fee – ₹1200 per group (Payable at the time of filling exam form)

CMA Final Documents Required

  • Attested Copy of Matriculation Certificate
  • Attested copy of 10+2 Certificate or Marks Statement
  • Attested copy of the degree
  • Intermediate exam marksheet (both group)
  • 3 (Three) Passport size photographs – (One pasted on application form, one pasted on identity card and one to be attached with application)

Note: Attestation should be by any member of The Institute of Cost Accountants of India /The Institute of Chartered Accountants of India/ The Institute of Company Secretaries of India/Parliament/State Legislative Assembly or a Gazetted Officer or a Principal of a college.

CMA Final Subjects

Group 3
Paper 13 Corporate Laws & Compliance (CLC)
Paper 14 Strategic Financial Management (SFM)
Paper 15 Strategic Cost Management – Decision making (SCM)
Paper 16 Direct Tax Laws and International Taxation (DT Laws)

Group 4
Paper 17 Corporate Financial Reporting (CFR)
Paper 18 Indirect Tax Laws and Practice (IDT Laws)
Paper 19 Cost and Management Audit (CMA)
Paper 20 Strategic Performance Management and Business Valuation (SPM & BV)

CMA Final Syllabus

Read complete CMA Final Syllbus Details
Group 3
Paper 13 Corporate Laws & Compliance
Paper 14 Strategic Financial Management
Paper 15 Strategic Cost Management – Decision making
Paper 16 Direct Tax Laws and International Taxation

Group 4
Paper 17 Corporate Financial Reporting
Paper 18 Indirect Tax Laws and Practice
Paper 19 Cost and Management Audit
Paper 20 Strategic Performance Management and Business Valuation

CMA Final Practical Training

students for being eligible to make an application to appear in the final examination must

  • complete at least 6 months of Practical Training in any one or more of the organization specified in Appendix A, and in areas as specified in Appendix B;
  • must have an experience of at least 6 months in any one or more of the organization specified in Appendix A, and in areas as specified in Appendix B.

Read complete details regarding practical training and exemption here.

CMA Final Examination

CMA Final Exams are held twice in the month of June and December. The Final Examination will be conducted in Offline, descriptive (Pen & Paper) mode only. Each paper will be of 100 marks and for 3 hours duration.
Application Forms for Final Examination can be filled up either through online or in offline mode. Students can login to the website www.icmai.in and apply online through payment gateway by using Credit/Debit card or Net banking.

CMA Final Result

CMA Final Exam Result is declared on 21st February for December exams and on 23rd August for June exams. The result dates are fixed for every term.
Check result for CMA Final Examination at the following servers:

CMA Final Passing Marks (Qualifying Criteria)

To pass CMA Final Exam your aggregate marks must be 50% which means 200 out of 400 marks in each group and you need 40% marks in each paper that is minimum 40 marks out of 100 marks in each paper. However you can take benefit of set off only if you appear for both groups.
Set Off Rule:
There is the requirement that a candidate should pass all subjects in one sitting then the set off will be available. For example: you get 190 marks in group 1 and 210 marks in group 2 and having more than 40 marks in individual subjects then set off of 10 marks will be available and accordingly you will be declared clear in both groups.
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CMA Course Details – Career Scope

“There are plenty of employment opportunities are available for the CMA qualified people. Once you have completed the CMA course, you can start up your career as a Cost Accountant”.
CMA degree holders are highly demanded in the government sector, private enterprises, development agencies, banking & finance sector, education and training sectors. With the advancement of the economy, demand for cost and management professionals are rising rapidly.
Read more on career as a Cost Accountant here.

CMA Course Details – Duties of a CMA

  • Plan, study and collect data to determine the costs of business activities.
  • Analyze financial information and prepare reports accordingly.
  • To work with computer technology related to accounting.
  • To give advice to managerial staff about revenues and costs.
  • Implement cost accounting strategies to increase a company business.
  • To maintain cost accounting system.

Some popular areas where CMA can find jobs are consultancy firms, developmental agencies, departments of company affairs, training & research organizations, service industry, stock exchanges, public utility sector and other regulatory bodies.

CMA Job Titles

  • Finance Director
  • Tax Consultation
  • Managing Director
  • Associate Professor
  • Accountant
  • Cost Controller
  • Chief Auditor
  • Cost Accountant
  • Chief Accountant
  • Chief Internal Auditor
  • Financial Consultant
  • Managing Director
  • Financial Controller

CMA Course Details – CMA Salary

In India, you can expect a starting salary between ₹4 to 6 lakh per annum. Your salaries will also depend upon your working job profile, sector and experience in this field. In abroad (USA), the average salary of a Cost Accountant is around $60k per annum.

CMA is a field which provides satisfaction in terms of position as well as salary for successful candidates.

“With good qualifications and experience, the pay packages offered to Cost Accountant are beyond the limits”.
cma india salary
A Cost Accountant with no experience would earn less in his initial years but after 2-3 years he can earn as good as ₹80000-100000 per month or even more. It is all about practical knowledge, “the more you will have the more you will earn”.

CMA Course Details | How to become Cost Accountant – Conclusion

We hope all your doubts regarding CMA course details is clear now, if not then you can comment below, we would love to help you.

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