Cost & Management Accountant (CMA)
CMA is another most sought and respected course offered by the ICWAI (Institute of Cost and Works Accountant of India). The course has a minimum duration of three years and considered ideal for the students who want to grow their career in manufacturing concern.
The work profile of CMA is mainly based on management accounting. They are required to maintain the records of cost and also get them audited. In addition a cost accountant plays a very crucial role in the pricing decision of the products and services by analyzing the market demand and other relevant factors of the project. The course is divided into three stages: Foundation, Intermediate, and CMA Final. One can appear in CMA Foundation after qualifying 10+2.
Eligibility:
Class X or Equivalent Pass (minimum criteria for Admission/Registration)
HSC (10+2) or Equivalent (for appearing CMA-Foundation Examination)
CUT-OFF DATE FOR ADMISSION TO FOUNDATION COURSE:
a) For June term examination: 31st January of the same calendar year.
b) For December term examination: 31st July of the same calendar year.
Mode of Registration: Both Manual (Offline) and Online
Each Paper carries: 100 Marks with 3 Hrs duration
Pass Criteria: 40% in each Paper and 50% aggregate in total.
Mode of Exam: Pen & Paper Mode – No Negative Marks.
Papers:
Paper 1: Fundamentals of Economics and Management (FEM)
Fundamentals of Economics 50%
Fundamentals of Management 50%
Pass Criteria: 40% in each Paper and 50% aggregate in total.
Mode of Exam: Pen & Paper Mode – No Negative Marks.
Paper 2: Fundamentals of Accounting (FOA)
Fundamentals of Financial Accounting 80%
Fundamentals of Cost Accounting 20%
Paper 3: Fundamentals of Laws and Ethics (FLE)
Fundamentals of Commercial Laws 70%
Fundamentals of Ethics 30%
Paper 4: Fundamentals of Business Mathematics and Statistics (FBMS)
Fundamentals of Business Mathematics 40%
Fundamentals of Business Statistics 60%
Eligibility:
a) CMA Foundation Pass
b) Graduate of any Discipline (excluding Fine Arts)
c) Pursuing Engineering Course (having completed 2nd year / Semester IV equivalent) or Qualified Engineers (Papers 6 & 9 are Exempted)
d) Qualified Foundation Examination conducted by the Institute of Company Secretaries of India (Paper wise EXEMPTION is available) @ Inter Level.
e) Qualified the Intermediate Examination (by whatever name called) conducted by the Institute of Chartered Accountants of India eligible to get direct admission to Intermediate Course
f) Part I Examination of Certificate in Accounting Technicians (CAT) Course of the Institute of Cost Accountants of India.
CUT-OFF DATE FOR REGISTRATION TO INTERMEDIATE COURSE:
a) For June term examination: 31st January of the same calendar year
b) For December term examination: 31st July of the same calendar year
Mode of Registration: Both Manual (Offline) and Online
Each Paper carries: 100 Marks with 3 Hrs duration.
Pass Criteria: 40% in each Paper and 50% aggregate in total in each Group or in Both the Groups, if appeared simultaneously.
Mode of Exam: Pen & Paper Mode; due to COVID-19, it is being conducted Through Online Mode; No Negative Marks anywhere in any Paper.
The registration is valid for a period of: 7 (seven) years from the date of registration.
Papers:
Group I:
Paper 5: Financial Accounting (FAC)
Paper 6: Laws & Ethics (LNE)
Paper 7: Direct Taxation (DTX)
Paper 8: Cost Accounting (CAC)
Group II:
Paper 9: Operations Management & Strategic Management (OMSM)
Paper 10: Cost & Management Accounting and Financial Management (CMFM)
Paper 11: Indirect Taxation (lTX)
Paper 12: Company Accounts & Audit (CAA)
A Inter
CMA Final
Eligibility: CMA Intermediate Pass (both Groups)
LAST DATE FOR ENROLMENT TO FINAL COURSE:
a) For June term examination: 31st January of the same calendar year
b) For December term examination: 31st July of the same calendar year
Mode of Registration: Both Manual (Offline) and Online
Each Paper Carries: 100 Marks with 3 Hrs duration.
Pass Criteria: 40% in each Paper and 50% aggregate in total.
Mode of Exam: Pen & Paper Mode; due to COVID-19, it is being conducted Through Online Mode; No Negative Marks anywhere in any Paper.
Papers:
Group III:
Paper 13: Corporate Laws & Compliance (CLC)
Paper 14: Strategic Financial Management (SFM)
Paper 15: Strategic Cost Management – Decision Making (SCMD)
Paper 16: Direct Tax Laws and International Taxation (DTI)
Group IV:
Paper 17: Corporate Financial Reporting (CFR)
Paper 18: Indirect Tax Laws & Practice (ITP)
Paper 19: Cost & Management Audit (CMAD)
Paper 20: Strategic Performance Management and Business Valuation (SPBV)