WHAT IS CMA COURSE?
CMA Full Structure: Cost and Management Accounting
CMA course is expected to help young characters into business heads of tomorrow and thusly picking CMA as a profession choice is smart.
Contemporarily, the CMA course is securing massive pervasiveness among business students, especially students who need to become renowned in their calling in the field of Cost and Management Accounting. Expecting you are in like manner curious to acknowledge about the course details, continue to scrutinize to sort out all important data about the CMA course in India.
Note: All things considered people will frequently perplex between terms like ICWAI, ICWA, ICMAI and CMA. So to dispose of all of your inquiries, let us let you in on that there is no difference among ICWAI and ICMAI except for the name. ICWAI (Institute of Cost & Works Accountants of India) has changed its name to the ICMAI (Association of Cost Accountants of India). Also, ICWA course has been renamed as CMA course.
CMA COURSE DURATION:
ICMAI CMA Course Level Current
CMA Foundation Registration/ Appear +2 Start
CMA Foundation Study Period 6 Months
CMA Intermediate Study Period 6 Months
CMA Article ship with CMA Final Study Period 15 Months
CMA Final Study Period 15 Months
Total CMA Course Duration 3 Years
Total Fees for CMA Course for Foundation, Intermediate & Final 2023-2024
The total fees for the CA Course is approximately 1.5 – 2 lakhs. The CMA Foundation course fee is Rs. 21,000. The CMA Intermediate fees is Rs. 48,000 for both groups and Rs. 27,000 for a single group. Further, the CMA Final course fee is Rs. 39,800 for both groups. The CMA Final course fee is Rs. 70,339 .
CMA Course Fees Amount
CMA Foundation ₹21,000
CMA Intermediate (Single group) ₹27,000
CMA Intermediate (Both groups) ₹56,640
CMA Intermediate (Direct Entry) ₹56,640
CMA Final ₹70,339
ELIGIGIBILITY CRITERIA FOR CMA COURSE:
Before applying for the CMA course, you must first know about the eligibility criteria for admission to the course.
The eligibility criteria for the CMA course is as follows:
CMA Foundation Course
- 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.
CMA Intermediate Course
- 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.
CMA Final Course
- Passed Intermediate course of the Institute and completed 15 months of practical training.
HOW TO GET EXAMPTION IN CMA:
To clear a gathering in CMA tests, an understudy is expected to get at least 40% imprints in every one of the subjects of a gathering and a total of 50% or more in the gathering. Be that as it may, there are sure guidelines in the CMA course for profiting the advantage of exclusion and convey forward of imprints which are made sense of underneath:
Exemption in CMA Exams:
Assuming a competitor stays fruitless in clearing a gathering yet gets 60% or more in any of the paper or papers, he/she will be excluded from showing up in that paper(s) in the ensuing endeavor. Yet, for the computation of total in the ensuing endeavor, the imprints in the excluded paper(s) will be figured as 50.
Carry Forward of marks:
Assuming that an up-and-comer stays fruitless in clearing a gathering yet gets 60% or more in any of the paper or papers and least of 40% imprints in every one of the leftover papers of that gathering, he/she will be excluded from showing up in that paper(s) in the ensuing endeavor and permitted the advantage of conveying forward of the genuine characteristics of absolved paper(s) in the resulting endeavor.
CMA SYLLABUS AND SUBJECTS:
CMA course is partitioned into three levels – Foundation, Intermediate, and Final. The new CMA prospectus for the Foundation course incorporates essential or basic ideas of accounting and management whereas the syllabus for the Intermediate and Final Course is divided into two groups which include advanced-level topics related to the field of accounting, cost, management, laws, etc.
Here is a finished subject rundown for the CMA course:
CMA Syllabus for Foundation Course
|Paper Number||Subject Name|
|Paper 1||Fundamentals Of Business Laws and Business Communication (FBLC)|
|Paper 2||Fundamentals of Financial and Cost Accounting (FFCA)|
|Paper 3||Fundamentals of Business Mathematics and Statistics (FBMS)|
|Paper 4||Fundamentals of Business Economics and Management (FBEM)|
CMA Syllabus for Foundation Course
|Paper Number||Subject Name|
|Paper 5||Business Laws & Ethics (BLE)|
|Paper 6||Financial Accounting (FA)|
|Paper 7||Direct and Indirect Taxation (DITX)|
|Paper 8||Cost Accounting (CA)|
|Paper 9||Operations Management and Strategic Management (OMSM)|
|Paper 10||Corporate Accounting and Auditing (CAA)|
|Paper 11||Financial Management and Business Data Analytics (FMDA)|
|Paper 12||Management Accounting (MA)|
CMA Syllabus for Final Course
|Paper Number||Subject Name|
|Paper 13||Corporate and Economic Laws (CEL)|
|Paper 14||Strategic Financial Management (SFM)|
|Paper 15||Direct Tax Laws and International Taxation (DIT)|
|Paper 16||Strategic Cost Management (SCM)|
|Paper 17||Cost and Management Audit (CMAD)|
|Paper 18||Corporate Financial Reporting (CFR)|
|Paper 19||Income Tax Laws and Practice (ITLP)|
|Paper 20 (one of the following)||Strategic Performance Management & Business Valuation (SPMBV)|
|Risk Management in Banking and Insurance (RMBI)|
|Entrepreneurship and Start-Up (ENTS)|
CMA STUDY MATERIALS:
CMA course requires a ton of difficult work and commitment. While planning for CMA tests understudies ought to zero in on the review material given by the establishment. Alongside the establishment’s review material, signing up for online test series for better execution in the examinations is additionally fitting. Up-and-comers ought to likewise allude to earlier year’s inquiries and answers accessible on the institute’s website.
A Competitor can plan for a CMA course through self-study or instructing. In any case, it is dependably prudent to sign up for Classes to investigate every possibility in your CMA Course Planning. Classes won’t just assistance in clearing every one of the ideas yet additionally furnish you with the direction to channelize your arrangements in the correct bearing. One can likewise enlist for CMA Course presented by Indigo Learn which is the best stage for CMA readiness. You can gain from the top teachers with up close and Face to Face /online live/Google drive classes from the solace of your home. Not only this but you will also be provided with study materials and summary notes which will help you in last-minute revisions.
To fit the bill for CMA exams, an up-and-comer is expected to get at least 40% imprints in each subject and a total of half or more.
How to check CMA results?
CMA results are reported on the site of the foundation and can be checked by following the underneath referenced process:
• Visit the authority site: icmai.in/studentswebsite/index.php
• Click on the assessment tab
• Select the ‘result’ choice from the dropdown menu
• Click on the test for which you had showed up
• Enter the distinguishing proof number and snap on ” view result”
• The result will show up on the screen
CMA Pass Percentage:
The pass percentage for CMA exams for Previous attempt is as follows:
|Examination||Pass Percentage (%)|
|Intermediate Group I||40.76|
|Intermediate Group II||65.24|
|Intermediate (Passed in either one of the groups)||13.82|
|Intermediate (Passed in both the groups)||51.63|
|Final Group III||34.02|
|Final Group IV||57.13|
|Final (Passed in either one of the groups)||31.90|
|Final (Passed in both the groups)||38.45|
CAREER AFTER CMA:
CMA opens up an entryway to potential chances to succeed in your profession. It can land you a high level administration work.
Here are some vocation prospects that you can investigate in the wake of finishing CMA:
• Finance Manager
• Financial Analyst
• Chief Financial Officer
• Financial Controller
• Corporate Controller
• Chief Investment Officer
• Cost Accountant
The typical compensation for a fresher CMA in India is 7 lakh rupees for every annum. Notwithstanding, this number can go up to rupees 20lakhs too founded on your abilities.
With experience and created range of abilities, there is no bar on profit for CMAs.
Benefits OF CMA:
CMA tests require a ton of difficult work and devotion to overcome. Be that as it may, we should not disregard the benefits one can appreciate subsequent to following through with the tasks. Peruse underneath to figure out the benefits of seeking after a CMA course:
CMA course can find you a superior work
CMA course is of the most regarded courses in India. It opens up a passage to chances to succeed in the field of money both in India and abroad. It prompts higher possibilities finding high level administration occupations that can additionally put you ahead in your profession way.
CMAs are high sought after
CMAs feature an elevated degree of mastery in the field of Cost and Management Accounting. In this way, they are profoundly requested by the top MNCs for occupations.
High Learning experiences
CMA course guarantees mastery in finance which helps up-and-comers sack more and better vocation open doors that are generally unrealistic. CMA understudies get simpler progression in their profession.
Can we just be real, cash is the best inspiration with regards to picking a lifelong way. Also, in the event that it’s a significant component for you too, picking CMA as your career option is the right decision.
Not just a high level administration work and high profit however qualifying CMA likewise guarantees profession development, employer stability, and social standing.
CMA REGISTRATION IMPARTANT DATES:
Admission to the foundation course for the ICAI course is open consistently Nonetheless, Understudies covetous to show up for June Term Assessment ought to apply before 31st January of that year and for December Term Assessment ought to apply before 31st July of that year.
HOW TO ENROLL FOR CMA COURSE:
Applicants can select for the CMA course through internet based mode. The accompanying advances can be followed for successful registration in the course:
• Visit the authority site of the organization and snap on the CMA enrollment process.
• Fill in every one of the subtleties required and click on save and proceed.
• Transfer the reports expected for enlistment and snap submit.
• Pay the course expenses through a web-based installment technique.
• Print the application structure for sometime later.
Documents required for registration:
• Passport-sized photo
• Example signature
• Class 10th Marksheet
• Class 12th Marksheet
• Graduation degree and Certificates (if applicable)
• CMA Intermediate Pass (both Group-I & Group-II) Marksheet/Certificate (For candidates applying for CMA Final Course)