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CMA India, Cost and Management Accounting, Career Development, Popularity, Benefits, Global Recognition, Flexibility, Professional Development, Duration, Eligibility criteria, Foundation Course, Intermediate Course, Final Course, Exemption, Carry Forward, Fees Structure, Registration Dates, Enrollment procedure, Documents required, CMA Syllabus, Subjects, Pass Percentage, Career Opportunities, Financial Manager, Financial Analyst, Chief Investment Officer, Cost Accountant, Salary Package, Advantages, FAQ. CMA INDIA INTER , CMA INDIA INTERMEDIATE

BEST BOOKS RECOMMENDATIONS FOR CMA INDIA

CMA INDIA education has recently gained widespread acceptance among commerce students, especially those who wish to make it big in the field of Cost and Management Accounting (CMA). 

With best faculties advice here are few top book recommendations for CMA from SuccessEgde Academy

We will sub-categorise each subject and it’s books recommendations for CMA INDIA


CMA INDIA BOOKS RECOMMENDATIONS FOR CMA FOUNDATION LEVEL : 

CMA India, Cost and Management Accounting, Career Development, Popularity, Benefits, Global Recognition, Flexibility, Professional Development, Duration, Eligibility criteria, Foundation Course, Intermediate Course, Final Course, Exemption, Carry Forward, Fees Structure, Registration Dates, Enrollment procedure, Documents required, CMA Syllabus, Subjects, Pass Percentage, Career Opportunities, Financial Manager, Financial Analyst, Chief Investment Officer, Cost Accountant, Salary Package, Advantages, FAQ. CMA INDIA INTER , CMA INDIA INTERMEDIATE

Starting with Economics and Management here are few top listed books that can be referred for easy and better understanding of the subject:

1.Basics of Economics and Management by Anil Dhawan, Kumar Raj  :          

The book “The Basics of Economics and Management” offers an in-depth study of the  basic concepts of economics and management. The book is written in simple language, making it understandable to people who are new with these topics.

2. Economics for Business and Management by Alan Griffiths, Stuart Wall: 

It provides an in-depth look of various economic ideas and their use in business and administration. The book covers a variety of issues, including market systems, consumer behavior, production and cost, and economic policy. It is widely considered as one of the most popular works in business economics, and it comes highly recommended to both students and professionals.

3. Fundamentals of Economics for Business by David Barrows and John Smith : 

The Fundamentals of Economics for Business is a complete textbook that teaches the fundamental concepts of economics in a business setting. The book is divided into four sections that address issues such as market design, consumer behavior, business decision-making, and macroeconomics.


Now, continuing with it these are few book recommendations for ACCOUNTING for CMA INDIA 

1.Certified Management Accountant Exam Secrets Study Guide by Mometrix Media LLC : 

The Certified Management Accountant (CMA) Exam Secrets Study Guide is a popular resource for accounting students studying for the CMA exam. This study guide offers tips, methods, and strategies for passing the exam, as well as review materials and sample questions. It aims to help students understand and use the ideas and skills required to pass the exam. Many students find this study guide to be helpful and beneficial for exam preparation.

2. Financial Accounting by S. Brinda, M.N. Arora, K.V. Achalapathi : 

The book focuses on Indian Generally Accepted Accounting Principles (GAAP). The book is well-known for its clarity and depth, making it an excellent resource for both students and professionals. It covers a variety of financial accounting subjects, such as financial statements, budgeting, and costs.

3. Cost Accounting And Financial Management A Practical Guide by CA B. Saravana Prasath : 

 It is a book about cost accounting, which is the act of reviewing and handling an organization’s costs in order to achieve its goals. Financial management is also covered, which involves the creation, translation, and review of financial statements to support decision-making.


Following to the above recommendations next comes the most interesting subject Commercial laws and Ethics in CMA INDIA Book recommendation here are the top few books

1.Fundamentals of Laws & Ethics by CA Jaishree Soni :

This book  is praised by many for its thoughtful approach to legal and ethical issues. The book covers torts, agreements, property, intellectual property, financial laws, and professional ethics.

2. Offences Under Company Law (Penalties & Punishments) by CA Kamal Garg :   

The author discusses the many types of violations, their impact on a company’s operations, and the legal consequences of violation. The book has been divided into five sections, each covering an individual type of incident.

3. A Handbook On Law, Ethics And Communication by Munish Bhandari : 

The book digs into the legal and ethical concerns that occur while communicating in a context of law, giving useful suggestions on how to overcome these challenges.     


Moving forward with the book recommendations for CMA INDIA-  Basics of Business Mathematics and Statistics

1.Fundamentals of Business Mathematics by Dr. S.R. Arora / Dr Kavita Gupta : 

The book covers a variety of topics, including linear programming, probability, statistics, decision making, and optimization. It also includes practical examples and real-life events to help explain the principles.

2. Business Mathematics & Statistics by Somma Garg / Arun Julka : 

The book covers a range of topics, including probability, linear algebra, optimization, and more, as they are applied in business settings. It is widely used by students, professionals, and industry experts.

Till now , we have learnt about the book recommendation for CMA INDIA for Foundation level.


CMA INDIA BOOKS RECOMMENDATIONS FOR CMA INTERMEDIATE LEVEL : 

CMA India, Cost and Management Accounting, Career Development, Popularity, Benefits, Global Recognition, Flexibility, Professional Development, Duration, Eligibility criteria, Foundation Course, Intermediate Course, Final Course, Exemption, Carry Forward, Fees Structure, Registration Dates, Enrollment procedure, Documents required, CMA Syllabus, Subjects, Pass Percentage, Career Opportunities, Financial Manager, Financial Analyst, Chief Investment Officer, Cost Accountant, Salary Package, Advantages, FAQ. CMA INDIA INTER , CMA INDIA INTERMEDIATE

Starting with subject – FINANCIAL ACCOUNTING books recommendations for CMA INDIA

1.Financial Accounting – II As per CBCS Syllabus | 5th Edition by Hanif and Mukherjee:

This book covers the overview with detailed explanation regarding financial reporting, budgeting and planning, and cost accounting.

2.Advanced Accounts Volume-1 by Shukla & Grewal : 

The book is divided into five Parts, with each part covering specific areas such as Financial Reporting, Auditing, Cost Accounting, Taxation, and Corporate Finance.


Moving on with book recommendations for CMA INDIA for the subject – 

Law, ethics and governance 

1.Law, Ethics and Governance by The Institute of Cost Accountants of India : 

The book contains five chapters that cover taxation laws, corporate governance, ethical concerns for professional accountants, laws and ethics related to IT governance, and patent and trademark laws.

2.CMA Inter Law and Ethics by Mayur Agarwal : 

The book is aimed at candidates preparing for the CMA Inter level examination in India covering the topics in the subject of accounting, covering all of the legal and ethical issues that chartered accountants experience.

3. Detailed Concept book of Law and ethics by MPJ Saurabh Jain : 

The book covers a range of topics, including contract law, tort law, intellectual property law, and corporate social responsibility.


Now moving forward with the most important subject – DIRECT TAXATION books recommendation for CMA INDIA 

1.Taxmann’s Students’ Guide to Income Tax Including GST – The bridge between theory & application by Sighania & Singhania

The book covers all of the main issues, from the fundamentals of income tax and GST to their impact on businesses and individuals.

2. Indian Economy (English| 3rd Edition) by Taxmann : 

The book discusses multiple components of the Indian economy, such as macroeconomic policies, fiscal policies, monetary policies, sector-specific policies, and reforms.

3. Direct Taxes Ready Reckoner by Girish Ahuja : 

It provides a detailed overview of the Indian indirect tax system, which includes customs, central excise, and service tax. 


Next comes – COST ACCOUNTING AND FINANCIAL MANAGEMENT’s CMA INDIA books recommendations    

1.Cost Accounting and Financial Management by Institute of Cost Accountants of India : 

The book discusses a wide range of issues, including cost principles, accounting and financial management approaches, and company procedures. 

2. Cost Accounting: Principles & Practice by M.N.Arora : 

The book has been divided into several parts that provide a full explanation of cost accounting principles, including the computation of global prices, cost of goods sold, and cost of services.

3. Commercial’s CMA Knowledge Series on Cost & Management Accounting and Financial Management for CMA Inter (Group 02-Paper 10 ) by Govada Chalapathi Rao : 

This book offers a complete review of the important ideas and formulas in this section of the CA Inter test. The book is organized in a way that makes it simple to follow and understand, with clear explanations and images. 


Followed by that the next subject book recommendation for CMA INDIA is- Operation Management and Information Systems 

1.Demonetization and the Black Economy by Arun Kumar : 

The book covers the different elements that contributed to the implementation of demonetization, including corruption, terrorism financing, and avoiding taxes. Kumar also investigates the strategy’s success in meeting its objectives, as well as the problems that the government has in executing it. 

2. Snowwhite’s Direct Tax Laws and International Taxation by TN Manoharan:

The book addresses the direct tax laws related to Snow White, a fictional heroine from the classic fairytale. The book also discusses international taxation, specifically how Snow White’s taxes would be charged and collected if she lived in another country. 


To the list of books recommendation for CMA INDIA we have –  Cost and Management Accountancy 

1.Cost and Management Accounting and Financial Management by Institute of Cost Accountants of India : 

This book provides a comprehensive overview of the concepts and practices related to financial reporting, cost accounting, management accounting, and business valuation. 

2. A Comprehensive Approach to Cost Accounting by Alok Agarwal and Mridu Agarwal : 

The book covers various topics related to cost accounting, including cost of goods sold, gross profit margin, and contribution margin.

3. Cost & Management Accounting by Colin Drury : 

The book covers a number of topics, including financial accounting, managerial accounting, and decision-making, and provides practical examples and case studies that show principles.


Saying of which next let us know the books recommendations for CMA INDIA for the subject INDIRECT TAXATION : 

1.Bharat Law House’s Indirect Taxation Containing Service Tax & Customs Useful for CMA Inter by Mohd.Rafi / Bharat :           

The book reviews and discusses the latest laws and regulations related to indirect taxation in India, making it a must-read for anyone interested in this field.

2. Indian Economy (English| 3rd Edition)  by Singhania : 

The book attempts to go into detail on financial problems and connect them to stable economic ideas.

In the list we next have the book recommendations for CMA INDIA for the subject Company Accounts and Audit. 

1.Company Accounts and Audit by Institute of Cost Accountants of India : 

This book includes an in-depth review of numerous financial statements and reports issued by businesses, as well as the auditing techniques used to assess their accuracy and trustworthiness.          

2. Advanced Auditing and Professional Ethics 25th Edition by Surbhi Bhansal : 

The book covers all areas of auditing, including risk management, financial statement auditing, and information systems auditing. Bhansal’s subject matter experience can be seen in her clear and simple writing, which allows readers to easily follow and understand difficult subjects. 

3. Audit of financial Statements by Pranav Jain : 

The author presents a thorough examination of the basic ideas and best practices in financial statement auditing. The book covers a variety of issues, including risk management, fraud detection, internal controls, and financial reporting. 


CMA INDIA BOOKS RECOMMENDATIONS FOR CMA FINAL LEVEL : 

CMA India, Cost and Management Accounting, Career Development, Popularity, Benefits, Global Recognition, Flexibility, Professional Development, Duration, Eligibility criteria, Foundation Course, Intermediate Course, Final Course, Exemption, Carry Forward, Fees Structure, Registration Dates, Enrollment procedure, Documents required, CMA Syllabus, Subjects, Pass Percentage, Career Opportunities, Financial Manager, Financial Analyst, Chief Investment Officer, Cost Accountant, Salary Package, Advantages, FAQ. CMA INDIA INTER , CMA INDIA INTERMEDIATE

We have come to the final part of the top books recommendations for CMA INDIA !!

Let, us now discuss about the ICMAI FINALS : 

Starting with Corporate Laws and Compliance here are the few top books recommended

1.Corporate Laws and Compliance by ICMAI : 

The book covers a wide range of issues, including corporate law, securities law, labor law, intellectual property law, and taxes law. It looks at the most recent developments in these laws and offers suggestions on how to deal with them.

2. CMA Final Law self study Guide for Corporate Laws & Compliance by Tejpal Seth : 

The study materials present a complete approach to understanding and applying accounting principles. With practical examples and real-life scenarios, the guide is designed to help you build the skills and information required to succeed on the exam.


Next we have the interesting subject – Strategic Financial Management and its book recommendation for CMA INDIA. 

1.Strategic Cost management by CMA Kalyani Karna: 

The book covers topics such as budgeting, cost management systems, and performance evaluation.

2. Cost & Management Accounting by Ashish Kalra : 

The book discusses important issues such as cost classification, cost allocation, budgeting, variations, and forecasting. 

3. STRATEGIC FINANCIAL MANAGEMENT, SECOND EDITION by Sofat, Rajni, Hiro, Preeti : 

The book takes an organized approach to helping students learn the fundamental principles and concepts of financial management. The writers used real-world examples and case studies to show how these concepts may be applied in practice.


Next we have the interesting subject – Strategic Cost Management and its book recommendation for CMA INDIA. 

1.Padhuka’s Students’ Guide on Financial Reporting by B Saravana Prasath : 

It covers a range of topics, including the compilation of financial statements, auditing, and compliance regulations. 

2. Strategic Cost Management- Decision Making by Institute of Cost Accountants of India : 

Decision making in this field requires a deep understanding of cost management techniques and an ability to analyze costs and their impact on business performance. 

3. Principles and Practice of Accounting: With Quick Revision Guide by P C Tulsian : 

The book covers key topics in financial and management accounting, including financial statements, budgeting, and cost accounting, among others.


Next we have the interesting subject – Direct tax laws and International taxation and its book recommendation for CMA INDIA. 

1. Direct Tax Laws and International Taxation by ICAI : 

The book presents a systematic examination and deep explanation of the direct tax laws, including their historical basis, legislative enactments, case laws, and recent developments.     

2. Direct Tax Laws & International Taxation Quick Referencer Cum Compiler For Ca Final, Cma & Cs : 

It covers all areas of international taxation, including direct tax laws and the laws regarding tax and insurance.


Next we have the interesting subject – Strategic Performance Management and Business Valuation and its book recommendation for CMA INDIA. 

1. Cost and Management Audit by CA CS CMA Nikkhil Gupta : 

The book covers important topics related to cost and management audit, including financial statement analysis, process improvement, and risk management.    ‘


2. Shuchita Solved Scanner CMA Inter Group-I by Mohit Bahal : 

 This covers topics such as Financial Reporting, Economics, Management Information Technology, Cost Accounting, and Taxation. 

3. Strategic Management by Jacob Thomas : 

The book offers useful guidance for managers of different companies on how to create and execute effective strategies that match with the company’s overall goals and objectives.


Conclusion : 

Refer the above mentioned books to make your learning more interactive and easy understanding with better engagement without feeling left behind. Read our blogs for more such insightful information. 


FAQs

Why should I consider pursuing CMA India education?

CMA India education offers specialized knowledge and skills in cost and management accounting, which are highly valued in the business world. It opens up lucrative career opportunities in various industries and enhances your professional credibility.

How can I choose the right books for CMA India preparation?

Choosing the right books for CMA India preparation involves considering factors such as comprehensiveness, clarity of explanations, relevance to the syllabus, and author credibility. Look for books recommended by experienced professionals or educational institutions.

Are there any specific books recommended for CMA India foundation level?

Yes, there are several recommended books for CMA India foundation level covering subjects like economics, management, accounting, commercial laws, ethics, mathematics, and statistics. Refer to reputable authors and publications for a solid foundation.

How can I effectively study from the recommended books for CMA India?

To study effectively from recommended books for CMA India, create a study schedule, focus on understanding concepts rather than rote memorization, practice with sample questions and exercises, and seek clarification from experienced mentors or tutors when needed.

Are there any specific books recommended for CMA India intermediate level?

Yes, there are specific books recommended for CMA India intermediate level covering subjects like financial accounting, law, ethics, governance, taxation, cost accounting, financial management, operation management, and information systems.

Can self-study using recommended books be sufficient for CMA India preparation?

Self-study using recommended books can be sufficient for CMA India preparation if you are disciplined, organized, and dedicated. However, supplementing with additional study resources, practice tests, and mock exams can further enhance your preparation.

Are there any supplementary materials or resources recommended along with books for CMA India preparation?

Yes, along with books, it is recommended to utilize supplementary materials such as online courses, video lectures, study guides, practice exams, and revision notes to reinforce your understanding and improve exam readiness.

How can I effectively manage my study time while preparing for CMA India exams using recommended books?

To effectively manage study time while preparing for CMA India exams using recommended books, create a study schedule or timetable, prioritize topics based on their weightage in the exam, allocate dedicated time slots for each subject, and maintain consistency in studying.

Are there any specific strategies for using recommended books to ace CMA India exams?

Yes, some effective strategies include understanding the syllabus and exam pattern thoroughly, breaking down complex topics into smaller segments for easier comprehension, revising regularly, solving practice questions from recommended books, and seeking guidance from experienced mentors or tutors.

How can I assess my progress while studying from recommended books for CMA India?

You can assess your progress while studying from recommended books for CMA India by tracking your completion of syllabus topics, evaluating your understanding through self-assessment quizzes and tests, reviewing your performance in practice exams, and seeking feedback from mentors or peers.

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