Drive Efficiency & Strategy Through Cost Control
CMA, or Cost and Management Accounting, is a certificate course providing CMA designation to the qualifiers. The designation is a gateway to a lucrative career in business accounting.
The CMA course functions on four pillars of knowledge, including Management, Regulatory Framework, Strategy, and Financial Reporting.
The designation of a CMA is provided after a candidate qualifies the CMA exam conducted at three levels mentioned below:
The Current CMA Course Structure
CMA Foundation
The CMA Foundation is the entry-level course for becoming a Certified Management Accountant (CMA), offered by the Institute of Cost Accountants of India (ICMAI).
- Eligibility: Passed Class 10th (provisional), appear after Class 12th.
- Subjects: Fundamentals of Business Laws and Business Communication (FBLC), Fundamentals of Financial and Cost Accounting (FFCA), Fundamentals of Business Mathematics and Statistics (FBMS), Fundamentals of Business Economics and Management (FBEM)
- Exam Schedule: The CMA exam, is held twice a year, once each in June and December.
- Pattern of Exam: Conducted in M.C.Q style through offline mode. The Exam is taken in two sessions in one day from morning 10 to 12 & evening 2 to 4.
- Passing Criteria: 40% marks in each paper and 50% marks in the aggregate.
- Registration Fees: Rs.6,000
CMA Inter
The CMA Intermediate is the second level of the Cost and Management Accountancy (CMA) certification program offered by the Institute of Cost Accountants of India (ICMAI).
The course delves into more advanced topics in cost and management accounting, financial management, and strategic management.
- Eligibility: Following student can take admission in CMA INTER
1) Student who has passed CMA Foundation exam.
2) Student who has completed his graduation from any discipline except fine arts. - Subjects: CMA Inter is divided into two groups consisting subjects like
- Group 1
Business Laws & Ethics
Financial Accounting
Direct & Indirect Taxes
Cost Accounting - Group 2
Operations Management & Strategic Management
Corporate Accounting & Auditing
Financial Management & Business data Analytics
Management Accounting
- Group 1
- Exam Schedule: CMA Inter is conducted Two times in a year in June & December.
- Exam Pattern: CMA Inter exam is a combination of objective & descriptive questions.
- Negative Marking: No
- Passing Criteria: 40% marks in each paper and 50% marks in the aggregate.
- Registration Fees: Rs. 23,100
CMA Final
The CMA Final is the concluding level of the three-stage CMA course. The CMA Final exam assesses proficiency in advanced cost and management accounting, strategic management, and financial management.
- Eligibility: CMA INTER Pass
- Subjects: There are 8 subjects in CMA FINAL such as Corporate & Economic laws, Direct & Indirect taxes, International Taxation, Strategic Cost Management etc.
- Exam Schedule: CMA Inter is conducted Two times in a year in June & December.
- Pattern of Exam: CMA Final exam is a combination of objective & descriptive questions.
- Negative Marking: No
- Passing Criteria: 40% marks in each paper and 50% marks in the aggregate.
- Registration Fees: Rs. 25,000
CMA Course: Comparative Information
| Details | CMA Foundation | CMA Inter | CMA final |
| Eligibility | Passed Class 10th (provisional), appear after Class 12th. | CMA Foundation Pass/ Graduates from any stream | CMA Inter Pass |
| Exam Schedule | 2 times in a year – June & December | ||
| No of papers | 4 | 6 | 6 |
| Exam Pattern | Objective – MCQ based | Objective & descriptive | Objective & descriptive |
| Negative marking | No | No | No |
| Passing criteria | 40% marks in each paper and 50% marks in the aggregate. | ||
| Fees | 6,000 | 23,100 | 25,000 |