Cost and Management Accountant

Cost and Management Accountant (CMA)

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Cost and Management Accountant

COST AND MANAGEMENT ACCOUNTANT (CMA)

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

Cost & Management Accountant

CMA is a profession in the field of Cost, finance, tax and accounting. The profession keenly concentrates on preparation & auditing cost records, financial forecasting, financial planning, developing and maintaining financial system.

Levels in CMA

CMA Foundation
CMA Intermediate
CMA Final

CMA FOUNDATION COURSE DETAILS

Eligibility: 12^th passed from recognized board

Exam term during the year: June and December

Study Period: 4 months

COURSE SYLLABUS AT FOUNDATION LEVEL

PAPER	MARKS ALLOTTED	EXAM PATTERN
Paper 1: Fundamentals of Business Laws & Business Communication	100	Multiple Choice question
Paper 2: Fundamentals of Financial and Cost Accounting	100
Paper 3: Fundamentals of Business Mathematics and Statistics	100
Paper 4: Fundamentals of Business Economics and Management	100

Passing criteria: 40% aggregate in each paper and 50% aggregate in total

CMA INTEREMEDIATE COURSE DETAILS

Eligibility: Passed CMA Foundation level or UG holder in any stream (Except Fine Arts) with minimum aggregate of 55% from recognized board

Exam term during the year: June and December

Study Period: 8 months

COURSE SYLLABUS AT INTERMEDIATE LEVEL

PAPER	MARKS ALLOTTED	EXAM PATTERN
Group I:		Descriptive paper
Paper 1: Business Laws and Ethics	100
Paper 2: Financial Accounting	100
Paper 3: Direct Taxation (Section A) Indirect Taxation (Section B)	100
Paper 4: Cost Accounting	100
Group II:
Paper 9: Operations Management and Strategic Management	100
Paper 10: Corporate Accounting and Auditing	100
Paper 11: Financial Management and Business Data Analytics	100
Paper 12: Management Accounting	100

Passing criteria: 40% aggregate in each paper and 50% aggregate in individual group

Mandatory Training to be completed:

Student should complete mandatory Skills Training and Practical Training for 15 months before starting CMA Final Level

CMA FINAL COURSE DETAILS

Eligibility: Passed CMA Intermediate level

Exam term during the year: June and December

Study period: 4 Months

COURSE SYLLABUS OF FINAL LEVEL

PAPER	MARKS ALLOTTED	EXAM PATTERN
Group III:		Descriptive paper
Paper 13: Corporate and Economic Laws	100
Paper 14: Strategic Financial Management	100
Paper 15: Direct Tax Laws and International Taxation	100
Paper 16: Strategic Cost Management	100
Group IV:
Paper 17: Cost and Management Audit	100
Paper 18: Corporate Financial Reporting	100
Paper 19: Indirect Tax Laws & Practice	100
Elective Papers (Any one paper to choose):
Paper 20A: Strategic Performance Management and Business Valuation	100
Paper 20B: Risk Management in Banking and Insurance
Paper 20C: Entrepreneurship and Start-up (ENTS)

Passing criteria: 40% aggregate in each paper and 50% aggregate in individual group

Mandatory Training to be completed:

Student should complete mandatory training of Advanced Information Technology and Soft Skills before commencement of Practical Training and Self paced online modules.

Career Opportunities for CMA

A career as CMA offers many opportunities in every sector of industry vertical with varied roles in:

Cost Auditor
Internal Auditor
Auditors for GST, Excise, SEBI and other regulatory bodies
Independent Practice
Tax Management
Cost Accounting
Tax Consulting
Financial outsourcing
Independent Professional Practice for Members

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