How to Become CMA?

To become a CMA (Cost Management Accountant) one has to prepare on a regular basis and with same enthusiasm level. The CMA examination was earlier conducted by The Institute of Cost & Works Accountants of India (ICWAI) which has now reformed its name to The Institute of Cost Management Accountant of India (ICMAI).

The Examination is divided into three groups-

1. CMA Foundation
2. CMA Inter
3. CMA Final

Now we will discuss all the three levels thoroughly-

1. The first stage from where you may get registered for the CMA examination has two options. These two options are –
2. Foundation Group
3. Direct Entry Route
4. Foundation Group – Foundation is the entry level group in CMA examination and is being conducted four time in a year in the month of March, June, September and December.

• Eligibility criteria – Candidates who have passed their class XII^th examination may get register for foundation programme.
• Enrolment- The candidates may enroll themselves till July 31^st for the December attempt and till January 31^st for the June attempt.
• Syllabus-

Paper1 : Fundamentals of Economic and Management

Paper2 : Fundamentals of Accounting

Paper3 : Fundamentals of Laws and Ethics

Paper4 : Fundamentals of Business Mathematics & Statistic

 

• Fee- 4,000/-

 

1. Direct Entry Route- The Direct Entry Route allows the candidates who have completed their under -graduation to get register themselves directly for Inter Group.

 

1. CMA Inter- Once the candidate qualifies the CMA foundation examination, he/she is eligible to get register for CMA Inter examination which is being conducted twice in a year in the month of December and June.

 

• Eligibility criteria- Candidates who have passed their graduation or persuing the graduation then the candidate may get register fir CMA Inter group.

 

• Enrolment- The candidates may enroll themselves till Jan 31^st for the December attempt and till July 31st  for the June attempt.

 

• Syllabus

 

Group – I

Paper – 5 Financial Accounting

Paper – 6 Laws & Ethics

Paper – 7 Direct Taxation

Paper – 8 Cost Accounting

• Group – II

Paper – 9 Operations Management & Strategic Management

Paper – 10 Cost & Management Accounting and Financial

Management

Paper – 11 Indirect Taxation

Paper – 12 Company Accounts & Audit

 

• Fee – 20,000/-

 

1. CMA FINAL – After passing the CMA Inter examination the candidates are eligible to get register themselves for CMA Final group and the CMA Final examinations are conducted in the month of June and December.

• Eligibility criteria – candidates who have passed their CMA Inter examination may get register for CMA Final group.
• Enrolment – the candidates may enroll themselves till July 31^st for the December attempt and till January 31^st for the June attempt.

 

• Syllabus

Group III

Paper 13 – Corporate Laws & Compliance

Paper 14 – Strategic Financial Management

Paper 15 – Strategic Cost Management & Business Strategy

Paper 16 – Advanced Direct Tax Laws and International Taxation

 

Group IV

Paper 17 – Cost and Management Audit

Paper 18 – Financial Analysis and Reporting

Paper 19 – Advanced Indirect Tax – Laws & Practice

Paper 20 – Strategic Performance Management and Business Valuation

 

• Fee – 17,000/-