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CMA INDIA Course - A Complete Details

CMA INDIA Course – A Complete Details

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). 


What is a CMA INDIA Course ?

What is a CMA INDIA Course

CMA India stands for Cost and Management Accounting. It’s a course meant to prepare future business leaders. It’s becoming increasingly popular among business students, particularly those interested in Cost and Management Accounting careers. Here’s a quick overview:

  • Career Development: CMA India prepares students for leadership positions in business.
  • Popularity: Increasingly desired by business students.
  • Benefits include good career possibilities and opportunities for promotion.
  • Details: Discusses strategic decision-making, cost management, and financial planning.
  • Global Recognition: Certification is highly regarded worldwide.
  • Flexibility: Can be undertaken while working or studying.
  • Professional Development: Encourages ethical behavior and constant learning.

Overall, CMA in India is an attractive option for individuals seeking success in management accounting and corporate leadership.


CMA INDIA Course duration

CMA INDIA Course duration

The duration of CMA INDIA Course is of 3 years which include:

  • Foundation
  • Inter
  • Final

Eligibility criteria for CMA INDIA Course

Eligibility criteria for CMA INDIA Course

Before applying for the CMA INDIA course, you should first understand the eligibility conditions. There are few set of rules and conditions that are ought to be followed 

The eligibility requirements for the CMA INDIA course are as follows: 

Foundation Course 

  • Class 10 or equivalent qualification from a recognized board or institution.
  • Passed the Senior Secondary Examination under the 10+2 scheme of a recognized Board, or an equivalent examination recognized by the Central Government.
  • On the other hand, pass the American Institute of Commerce’s National Diploma in Commerce Examination or the National Council of Higher Education’s Diploma in Rural Service Exam.

Intermediate Course

  • Should have passed secondary school examination i.e, 12th (second puc) +Foundation by  (ICAI)  Institute of Cost Accountants of India.
  • Should have completed Foundation.

Final Course

Should have Passed Intermediate Exam with 15 months of work experience or practical knowledge. 


How to get exemption in CMA INDIA Exams – Guide 

How to get exemption in CMA INDIA Exams - Guide 

To pass a group in CMA INDIA exams, a student must achieve a minimum of 40% in each of the group’s subjects, as well as an aggregate of 50% or higher. However, there are specific rules in the CMA INDIA course for obtaining exemption and carrying forward of marks, which are explained below:

  • Exemption: If a candidate scores 60% or higher in any paper but fails the group, they will not be required to retake that paper on the next attempt. However, for the next attempt, the marks from the exempted paper(s) will be considered 50.
  • Carry Forward: If a candidate scores 60% or higher in any paper and at least 40% in the remaining papers of a group but fails overall, they will not be required to retake the exempted paper(s) on the next attempt. The actual marks for the exempted paper(s) will be carried forward to the next attempt.

FEES STRUCTURE OF CMA INDIA 

Foundation : 6,000/-

Intermediate: 22,000/-

Final : 25,000/-


CMA INDIA Registration Dates – When to register what is the last date 

You can join the ICAI foundation course anytime. If you want to take the June exam, apply by January 31st. If you want to take the December exam, apply by July 31st.

Enrollment procedure for CMA INDIA

This is a simplified guide:

  • Visit the institute’s official website and find the CMA registration section.
  • Fill in the required information and save.
  • Upload the required documents and submit.
  • Course fees can be paid online.
  • Print the application form for your records.

Documents required for registration:

  • Passport-size photo
  • Candidate / student signature
  • Grade 10th Marksheet
  • Grade 12th Marksheet
  • Master Degree / Bachelor’s certificate (if applicable)
  • Candidates who are willing to apply for CMA INDIA Final have to submit their foundation and Intermediate exam passed certificate. 

CMA Syllabus and Subjects 

The CMA course has three levels: Foundation, Intermediate, and Final.

Foundation introduces fundamental accounting and management concepts.

Intermediate and Final courses are divided into two groups, each covering advanced topics in accounting, cost, management, and law.

Below is the complete overview of subjects consisting in each level

Foundation Course:

  • Fundamentals of Economics And Management
  • Fundamentals of Accounting
  • Fundamentals of Laws and Ethics
  • Fundamentals of Business Mathematics and Statistics

Intermediate Course:

Group I-

  • Financial Accounting
  • Laws and Ethics
  • Direct Taxation
  • Cost Accounting

Group II-

  • Operations Management & Strategic Management
  • Cost & Management Accounting and Financial Management
  • Indirect Taxation
  • Company Accounts & Audit

Final Course:

Group I-

  • Corporate Laws & Compliance
  • Strategic Financial Management
  • Strategic Cost Management – Decision Making
  • Direct Tax Laws and International Taxation

Group II-

  • Corporate Financial Reporting
  • Indirect Tax Laws and Practice
  • Cost and Management Audit
  • Strategic Performance Management and Business Valuation

CMA INDIA PASS PERCENATGE

ExaminationPass Percentage (%)
Foundation75.88%
Intermediate Group I40.76%
Intermediate Group II65.24%
Intermediate (Passed in either one of the groups)13.82%
Intermediate (Passed in both the groups)51.63%
Final Group III34.02%
Final Group IV57.13%
Final (Passed in either one of the groups)31.90%
Final (Passed in both the groups)38.45%

Career after CMA INDIA

Unless like CA or any other professional course CA INDIA has various job opportunities. Few are stated below :

  • Financial Manager : A financial manager is responsible for a company’s financial well-being by managing plans, studying finances, and reducing risk. They make important choices to maximize profits, share financial information with stakeholders, and ensure compliance with regulations.                    
  • Financial Analyst : A financial analyst researches financial data and market trends before advising on decisions. They examine company performance, assess investments, and make reports. They forecast future financial performance, assess risks, and recommend strategies to improve outcomes. They also share findings with stakeholders to aid decision-making.
  •  Chief Investment officer : A financial analyst researches financial data and     market trends before advising on decisions. They examine company performance, assess investments, and make reports. They forecast future financial performance, assess risks, and recommend strategies to improve outcomes. They also share findings with stakeholders to aid decision-making.
  • Cost Accountant : A cost accountant looks at and tracks company expenses in order to correctly estimate product or service costs. They contribute to cost control and budgeting, ensuring efficient resource allocation. Their insights help with strategic decision-making that improves profitability and financial efficiency.

Salary Package for CMA INDIA

As a fresher, a Certified Management Accountant (CMA) in India earns around 7 lakh rupees per annum, but with advanced skills, this can rise to 20 lakhs. With experience and expertise, CMAs have unlimited earning potential.


Advantages of CMA INDIA 

CMAs are in high demand among leading multinational corporations due to their knowledge in cost and management accounting.

  • Better Job Opportunities: CMA certification provides a link to top management positions both in India and abroad.
  • Growth Opportunities: A CMA qualification ensures better career growth and promotion opportunities.

CMAs typically earn high salaries, making it a financially rewarding career choice.

Overall, CMA certification promotes professional development, job security, and social recognition.


Conclusion:

CMA INDIA is one such course where you get to find wide range of variety and pursue your dream job role as it is not confined to one particular topic. 

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