CMA Course Details – Eligibility, Duration, Fees, Registration, Syllabus, etc

Certified Management Accountant or CMA course is one of the best choice for those who want to pursue a career in the area of Cost and Management accounting. Many Students want to get the information about the CMA course eligibility, CMA course syllabus, CMA course duration and CMA course structure etc. So, in this this article we are providing those important details for CMA course.

CMA Course Details

Certified Management Accountant (CMA) awarded by the Institute of Cost Management Accountants of India which is a global professional qualification. This course is designed to validate mastery of the advanced skills required to manage finance functions within an organization specifically, enabling you to deliver value in today’s complex business environment.

• CMA is Short Course duration and can be completed within 6 to 8 months
• The CMA course allowing you to earn your CMA in 12 months or over the course of three years.
• It is a time-efficient and cost-effective certification course with the potential to deliver significant return on your investment.

Levels of CMA Course

There are 3 stages in CMA course.

• CMA Foundation
• CMA Intermediate and
• CMA Final

You should complete the three levels of CMA course if you want to become Cost management accountant. The CMA Foundation exam conducted by the Institute of Cost Accountants of India two times in a year in the months of June and December.

You are eligible for CMA Inter if you have passed CMA Foundation exam. If you have any graduate degree, you are exempted from ICMAI Foundation exams. You can directly enter into CMA Inter.

CMA Course Eligibility

Eligibility criteria for CMA Foundation:

• One should have passed Class 10 or equivalent from a recognized Board.
• Passed Senior Secondary Examination under 10+2 scheme of a recognized Board or an Examination recognized by the Central Government as equivalent thereto
• The Diploma in Rural Service Examination conducted by the National Council of Higher Education or has passed National Diploma in Commerce Examination which is conducted by the All India Council for Technical Education or any State Board of Technical Education under the authority of the All India Council.

Eligibility criteria for CMA Executive:

• One should have passed Senior Secondary School Examination (10+2) and Foundation Course of the Institute of Cost Accountants of India.
• Foundation Part I Examination and Competency Level Part II Examination of CAT of the Institute.
• Graduation in any discipline other than Fine Arts.
• Passed Foundation of ICSI/Intermediate of ICAI along with 10+2.

Eligibility criteria for CMA Professional:

• 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 and Competency Level Part II Examination of CAT of the Institute.
• Passed Foundation of ICSI/Intermediate of ICAI along with 10+2.

CMA Course Fees

Fee Structure for pursuing CMA Courses is as follows.

CMA Course Syllabus

CMA Foundation Subjects:

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 Subjects:

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 Subjects:

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

Requirements

1. Candidates must fulfill both an education requirement and an experience requirement in addition to passing the exam to become certified as a CMA.
2. Bachelor’s degree from an educational institution.
3. And the candidate must have foundational knowledge of economics, financial accounting and basic statistics.
4. Candidate must have continuous years of professional experience also.

Career Opportunities

With the arrival of MNCs and flow of off-shore establishments into our country the demand for CMAs in India is increasing. The CMA professionals includes number of job positions. Some job positions are as follows.

• Financial Analyst
• Internal Auditor
• Senior Executive
• Finance Manager
• Business Analyst
• Pricing Analyst
• Director- Finance
• Chief Financial Officer (CFO)

When to apply

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