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COST MANAGEMENT ACCOUNTING (CMA)

About Course

The CMA course is gaining popularity among commerce students, who want to pursue a career in the area of Cost and Management accounting.

Over time we have seen that people tend to confuse between various terms like CMA, ICMAI, CWA, 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 Management Accountants of India (ICMAI). Also, ICWA course has been renamed as CMA course. There is no difference between ICWAI and CMA, and they are the same. They are two different words used to describe one single thing. ICWAI stands for Institute of Cost and Work Accountant of India whereas CMA stands for Cost Management Accounting. Apart from the literal meaning, there is no difference at all.

If you want to become a Cost management accountant, complete three stages of the CMA course. Students who have passed 10+2 are eligible for the CMA Foundation exam. The Institute of Cost Accountants of India conducts CMA Foundation exam two times in a year in the months of June and December. If you have passed the CMA Foundation exam, then you are eligible for CMA Inter. If you have any graduate degree, you are exempted from ICMAI Foundation exams. You can directly enter into CMA Inter.



CMA Course Details

Eligibility criteria for CMA Foundation

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.

Eligibility criteria for CMA Intermediate

A candidate should have 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 whatever name called along with 10+2

Eligibility criteria for CMA Final

A candidate should have 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 whatever name called along with 10+2


In total 20 papers are in CMA Foundation, Inter, and Final exam.

CMA Foundation :

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 & Statistic

CMA Inter :

Paper 5: Financial Accounting

Paper 6: Laws, Ethics and Governance

Paper 7: Direct Taxation

Paper 8: Cost accounting and financial management

Paper 9: Operation Management Information System

Paper 10: Cost and Management Accounting

Paper 11: Indirect Taxation

Paper 12: Company Accounts & Audit

CMA Final :

Paper 13: Corporate Laws and Compliance

Paper 14: Advanced Financial Management

Paper 15: Business Strategy & Strategic Cost Management

Paper 16: Tax Management and Practice

Paper 17: Strategic Performance Management

Paper 18: Corporate Financial Reporting

Paper 19: Cost and Management Audit

Paper 20: Financial Analysis & Business Valuation

Click here to download Subject and Syllabus

Previous Year Question Papers

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