CMA Foundation June 2024 Examination

The Institute of Cost Accountants of India (ICMAI) has released the schedule for the CMA Foundation June 2024 Exam. The exams are scheduled for Sunday, June 16, 2024, in two times: 10 a.m. to 12 p.m. (IST) and 2 p.m. to 4 p.m. (IST).

Morning Time (10.00 A.M. to 12.00 Noon - IST)

• Paper 1: Fundamentals of Business Laws and Business Communication (100 Marks - 50 Multiple Choice Questions)

• Paper 2: Fundamentals of Financial and Cost Accounting (100 Marks - 50 Multiple Choice Questions)

Afternoon Time (02.00 P.M. to 04.00 P.M. - IST)

• Paper 3: Fundamentals of Business Mathematics and Statistics (100 Marks - 50 Multiple Choice Questions)

• Paper 4: Fundamentals of Business Economics and Management (100 Marks - 50 Multiple Choice Questions)]

The June 2024 Foundation Examination will be administered in an offline OMR center-based format. This type of examination provides a standardised and secure environment for all candidates.

Candidates preparing for the CMA Foundation Examination should begin their preparations early and take advantage of the study materials and resources provided by ICMAI in order to excel on the exam.

CMA Foundation Examination Fees:

• Inland Candidates: ₹1200/-

• Overseas Candidates: US $60
  

Application forms must be filled online, and fees are accepted through online mode (including Payfee Module of IDBI Bank). Overseas students must apply offline and send a DD along with the form.

Application Process:

• Candidates can apply online through the website www.icmai.in using Credit/Debit card or Net banking.

• Payment can also be made through the pay-fee module of IDBI Bank.

Important Dates:

• Last date for receipt of Examination Application Forms: 16th April, 2024 (No extension will be provided).

Examination Details:

• The Foundation Examination will be conducted in Multiple Choice Question (MCQ) mode through offline OMR based centers.

• Each paper will carry 100 marks with 50 Multiple Choice Questions (Each question will carry 2 marks), totaling 200 marks per session.

• All candidates are required to appear in the Foundation examination through offline OMR center based.

Other Information:

• Candidates completing all conditions for appearing in the examination as per Regulations will be allowed to appear for the examination.

• There is no negative marking in the exam.

• Detailed instructions will be provided along with the Admit Card.

Examination Centres:

• The examination will be held in various cities across India and Overseas Centres at Bahrain, Dubai, and Muscat.

Result Date:

• The results of the Foundation examination will be published by 11th July, 2024.

Candidates are advised to regularly check the ICMAI website for further notifications and announcements regarding the June 2024 Foundation Examination. For queries or clarifications, candidates can email exam.helpdesk@icmai.in.

Official Link: https://icmai.in/upload/Examination/June_2024_FOUNDATION%20NOTIFICATION.pdf

In conclusion, the CMA Foundation June 2024 Exam is an important step for aspiring cost and management accountants. With the release of the ICMAI exam schedule, candidates are asked to begin their preparations as soon as possible and to make use of all available resources for success. Joining iProledge can provide the best CMA Foundation classes, ensuring complete preparation and guidance for this important exam. Candidates should visit the ICMAI website on a regular basis for more information and updates, and contact the exam helpdesk with any questions.

CMA India Intermediate and Final Examination Time Table & Programme

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA

(STATUTORY BODY UNDER AN ACT OF PARLIAMENT)

CMA INDIA INTERMEDIATE AND FINAL EXAMINATION TIME TABLE & PROGRAMME – JUNE 2024 ATTENTION:

CMA INDIA INTERMEDIATE & FINAL EXAMINATION Time Table(June – 2024 term) will be held on alternate dates for each group.

Day & Date FINAL (Time: 10.00 A.M. to 01.00 P.M. - IST) INTERMEDIATE (Time: 2.00 P.M. to 5.00 P.M. IST) Time Table

CMA INDIA FINAL PROGRAMME FOR SYLLABUS 2022

Tuesday, 11th June, 2024

• Corporate and Economic Laws (P-13)

Wednesday, 12th June, 2024

• Cost and Management Audit (P-17)

Thursday, 13th June, 2024

• Strategic Financial Management (P-14)

Friday, 14th June, 2024

• Corporate Financial Reporting (P-18)

Saturday, 15th June, 2024

• Direct Tax Laws and International Taxation (P-15)

Sunday, 16th June, 2024

• Indirect Tax Laws and Practice (P-19)

Monday, 17th June, 2024

• Strategic Cost Management (P-16)

Tuesday, 18th June, 2024

Electives (Any one of three Papers):

• Strategic Performance Management and Business Valuation (P-20A)

• Risk Management in Banking and Insurance (P-20B)

• Entrepreneurship and Start-up (P-20C)

The exams for the FINAL group are scheduled from 10:00 A.M. to 01:00 P.M. IST.

CMA INDIA INTERMEDIATE PROGRAMME FOR SYLLABUS 2022.

Tuesday, 11th June, 2024

• Business Laws and Ethics (P-05)

Wednesday, 12th June, 2024

• Operations Management and Strategic Management (P-09)

Thursday, 13th June, 2024

• Financial Accounting (P-06)

Friday, 14th June, 2024

• Corporate Accounting and Auditing (P-10)

Saturday, 15th June, 2024

• Direct and Indirect Taxation (P-07)

Sunday, 16th June, 2024

• Financial Management and Business Data Analytics (P-11)

Monday, 17th June, 2024

• Cost Accounting (P-08)

Tuesday, 18th June, 2024

• Management Accounting (P-12)

CMA India Exam Final Examination Fee

• One Group (Inland Centres): 1400/- (Overseas Centres), US $ 100

• Two Groups (Inland Centres): 2800/- (Overseas Centres), US $ 100

CMA India Intermediate Examination Fee

• One Group (Overseas Centres): 1200/- (Overseas Centres), US $ 90

• Two Groups (Overseas Centres): 2400/- (Overseas Centres), US $ 90

Important Information for Intermediate and Final Examinations - June 2024 Term

• Application forms for the Intermediate and Final Examination must be filled out online, and fees will only be accepted through online mode (including the Pay fee Module of IDBI Bank). No offline forms or DD payments will be accepted for domestic candidates.

• Students opting for overseas centres must apply offline and send a DD along with the form.

• Students can log in to the website www.icmai.in and apply online through the payment gateway using Credit/Debit card or Net banking. They can also pay their requisite fee through the pay-fee module of IDBI Bank.

• The last date for receipt of Examination Application Forms is 10th April 2024. There will be no extension in the last date of receipt of examination application forms for the June 2024 examination.

• The mode of examination will be offline-centre based.

• Candidates are required to follow clarifications of DOS related to the June 2024 term of examination, and the same will be issued by DOS in due course.

• Examination Centres include Adipur-Kachchh (Gujarat), Agartala, Agra, Ahmedabad, and many others across India, as well as overseas centres at Bahrain, Dubai, and Muscat.

• A candidate who fulfills all conditions specified for appearing in the examination will only be allowed to appear for the examination.

• Date of publication of result: Inter & Final examination latest by 23rd August 2024.

• Candidates/students are advised to keep regularly in touch with the website of the Institute for further notifications and announcements relating to Examination of June 2024 and in case of any query or clarification can e-mail us only at exam.helpdesk@icmai.in.

FAQs

How can I apply for the Intermediate and Final Examinations?

Application forms for the examinations must be filled out online on the website www.icmai.in. Fees are accepted through online mode only, including the Pay fee Module of IDBI Bank. No offline forms or DD payments are accepted for domestic candidates.

What is the deadline for submitting Examination Application Forms?

The last date for receipt of Examination Application Forms is 10th April 2024. There will be no extension in the last date of receipt of examination application forms for the June 2024 examination.

What is the mode of examination for the June 2024 term?

The mode of examination will be offline-centre based.

How can I get clarifications related to the June 2024 term of examination?

Candidates are required to follow clarifications of DOS (Directorate of Studies) related to the June 2024 term of examination, and the same will be issued by DOS in due course.

Top CMA India Coaching in Bangalore

Are you considering becoming a CMA in India? iProledge in Bangalore is renowned for providing the best coaching, offering all the knowledge you need to kickstart your CMA career. It stands out as the Top CMA India coaching in Bangalore. Let's delve into the details:

The Institute of Cost Accountants of India (ICMAI) offers the professional designation CMA India, which stands for Cost & Management Accountant in India. ICMAI is a statutory organization that was founded in 1959 by a Parliamentary Act and offers the CMA Course qualification.

Expense and Administration Professionals in the domains of cost, finance, tax, and accounting, accountants are essential in many financial aspects. Their purview includes activities like cost record preparation and auditing, cost anomaly identification, financial forecasting, financial planning, and the creation and upkeep of financial systems.

The CMA qualification gives people the abilities and information needed to succeed in these fields, making them invaluable resources in the accounting and finance industries.

How many Levels in CMA Course ?

The CMA (Cost & Management Accountant) Qualification comprises three levels:

• CMA Foundation Level: Consisting of 4 papers.

• CMA Intermediate Level: Comprising 8 papers.

• CMA Final Level: Including 8 papers.

These levels provide a structured progression through the CMA india Course, allowing candidates to build and deepen their knowledge and skills in cost and management accounting as they advance through the qualification.

Eligibility of CMA India

The eligibility criteria to appear for the CMA (Cost & Management Accountant) examinations are as follows:

CMA Foundation Examination:

• Candidates should have qualified the 10+2 exams, PUC (Pre-University Course), or an equivalent examination.

CMA Intermediate Examination:

• Candidates should meet one of the following criteria:

• CMA Foundation Pass

• Graduated in any discipline other than Fine Arts

What is the Average Duration of CMA Course ?

The time required to finish every examination and training courses for the CMA India (Cost & Management Accountant) course varies based on the circumstances of each student, the speed at which they study, and their degree of qualification. But a broad approximate is provided below:

• CMA Foundation Level: Typically takes around 6 months to 1 year.

• CMA Intermediate Level: May take 1 to 2 years, depending on the candidate’s study pace and dedication.

• CMA Final Level: Similar to the Intermediate level, it may take 1 to 2 years.

As part of the CMA program, candidates must also complete practical training and a certain number of hours of practical experience. When taking into account the time required for exams and hands-on training, the total duration can therefore vary between 4 and 5 years. It's crucial to remember that these are only rough estimates, and that each person's completion time may differ.

CMA India Fees

The fees for the CMA (Cost & Management Accountant) Foundation and Intermediate courses are as follows:

CMA Foundation Course Fee:

• Registration Fee: ₹9,000

• Exam Fee: ₹1,500

CMA Intermediate Course Fee:

• Registration Fee: ₹40,000

• Exam Fee: ₹2,500

Please note that these fees are subject to change, and it’s advisable to check with the official website of the Institute of Cost Accountants of India (ICMAI) or contact them directly for the most up-to-date information on fees.

Additionally, as mentioned, these fees are specific to the ICAI and do not include any coaching fees that candidates might incur for study materials, tuition, or other educational resources provided by coaching institutions. Coaching fees can vary based on the coaching institute and the type of services they offer.

 What is the CMA India Course Syllabus ?

The CMA (Cost & Management Accountant) qualification is structured into three levels, each consisting of specific papers, totaling 20 papers:

CMA Foundation Level (4 Papers):

• Fundamentals of Economics and Management

• Fundamentals of Accounting

• Fundamentals of Laws and Ethics

• Fundamentals of Business Mathematics and Statistics

CMA Intermediate Level (8 Papers):

• Financial Accounting

• Laws and Ethics

• Direct Taxation

• Cost Accounting

• Operations Management & Strategic Management

• Cost & Management Accounting and Financial Management

• Indirect Taxation (Including Customs Act)

• Company Accounts & Audit

CMA Final Level (8 Papers, further divided into Essentials and Elective):

• Corporate Laws & Compliance

• Strategic Financial Management (SFM)

• Strategic Cost Management – Decision making

• Direct Tax Laws and International Taxation

• Corporate Financial Reporting

• Indirect Tax Laws and Practice (Including Customs Act)

• Cost and Management Audit

• Strategic Performance Management and Business Valuation

This comprehensive curriculum covers a range of topics in economics, management, accounting, taxation, and strategic management, preparing candidates for a well-rounded understanding of cost and management accounting principles.

CMA India Passing Criteria, Exam Pattern and Attempt Frequency

The CMA (Cost & Management Accountant) examination has specific passing criteria and an exam pattern. Candidates can attempt the exams at designated times.

Passing Criteria:

• To pass each paper, a candidate must secure a minimum of 40% marks in each individual paper.

• Additionally, candidates need to achieve an aggregate of 50% marks in all papers of a particular level to be considered as having passed that level.

Exam Pattern:

• The CMA exams are conducted in a descriptive format, requiring candidates to provide written responses.

• The exams are divided into various papers, each focusing on different aspects of cost and management accounting.

• The exam pattern includes multiple-choice questions, practical problems, and theoretical questions, testing candidates’ knowledge and application of concepts.

Attempt Frequency:

• CMA exams are conducted twice a year, typically in June and December.

Candidates need to adhere to the specified passing criteria, and successful completion of all three levels – Foundation, Intermediate, and Final – is necessary to obtain the CMA qualification. The exams provide a comprehensive evaluation of candidates’ proficiency in cost and management accounting principles.

Who should Do CMA India ?

The CMA (Cost & Management Accountant) qualification in India is suitable for individuals who aspire to pursue a career in cost and management accounting, financial management, and related fields. Here are some profiles of individuals who may find CMA beneficial:

• Aspiring Cost and Management Accountants

• Finance and Accounting Professionals

• Graduates in Commerce and Finance

• Professionals Seeking Global Recognition

• Career Advancement Seekers

• Entrepreneurs and Business Owners

• Those Interested in Corporate Governance

• Candidates with Analytical Skills

CMA India Job roles

• Auditing

• Financial & Cost Accounting

• Taxation

• Management Accounting

• Chief Accountant

• Chief Financial Officer

• Chief Manager

• Department Heads

• Lecturer/Professor

• Advisor to the Government

• GST Service Providers

• Internal Audit

• Finance manager

Why is iProledge the Top CMA India coaching in Bangalore  ?

iProledge is recognized as the Top CMA coaching in Bangalore for several compelling reasons:

1. Expert Faculty: iProledge boasts a team of experienced and highly qualified faculty members. Their instructors have in-depth knowledge of the CMA curriculum and are dedicated to providing the best guidance and coaching to their students.

2. Proven Track Record: The academy has a stellar track record of producing successful CMA candidates. Many of their students have achieved top ranks in CMA examinations, which is a testament to the academy's effectiveness in preparing students for success.

3. Comprehensive Study Material: iProledge provides comprehensive study materials meticulously designed to cover the entire CMA syllabus. These materials are updated regularly to align with the latest examination trends and standards.

4. Personalized Attention: iProledge believes in offering personalized attention to each student. They understand that every student has unique learning needs and cater to these needs through one-on-one interactions, doubt-solving sessions, and individualized coaching.

5. Effective Teaching Methodology: iProledge employs a result-oriented teaching methodology that focuses on conceptual clarity, practical application, and exam-oriented preparation. They use innovative teaching techniques to make complex topics easier to understand.

6. Mock Tests and Assessments: Regular mock tests and assessments are conducted to help students gauge their progress and identify areas that need improvement. These tests are designed to mimic real CMA exams, providing students with valuable exam experience.

7. Study Support: iProledge provides continuous support to students throughout their CMA journey. Whether it's clarifying doubts, providing exam guidance, or offering motivational support, they are committed to helping students succeed.

8. Flexible Batches: The academy offers flexible batch timings to accommodate the diverse schedules of students. Whether you are a working professional or a full-time student, you can find a batch that suits your needs.

9. Modern Infrastructure: iProledge is equipped with modern infrastructure, including state-of-the-art classrooms and technology-enabled learning resources, to enhance the learning experience.

10. Holistic Development: The academy not only focuses on academic excellence but also strives to develop students' soft skills, communication abilities, and overall personality. This holistic approach helps students excel in interviews and group discussions during job placements.

11. Reputation and Trust: iProledge has earned a solid reputation in the field of CMA coaching in Bangalore. Students and parents trust the academy for its commitment to quality education and ethical practices.

12. Location: Located in Bangalore, a hub for education and career opportunities, iProledge provides students with a conducive environment for learning and networking.

Choosing iProledge for your CMA coaching ensures that you receive the best guidance, support, and resources to excel in your CMA examinations. With a strong commitment to student success and a proven track record, the academy stands out as the premier choice for aspiring Cost and Management Accountants in Bangalore.

FAQS on CMA India

Why Consider iProledge is the Top CMA India Coaching in Bangalore?

While it’s essential to conduct thorough research before determining the Top coaching institute, iProledge in Bangalore for CMA (Cost & Management Accountant) preparation is often considered noteworthy for several reasons:

Experienced Faculty:

• iProledge boasts a team of experienced and knowledgeable faculty members with expertise in CMA India subjects.

Comprehensive Study Material:

• The institute provides well-structured and comprehensive study materials, aiding students in their preparation for the CMA India exams.

Strategic Learning Approach:

• iProledge is known for its strategic and focused learning approach, helping students grasp complex concepts and excel in their examinations.

Exam-oriented Coaching:

• The coaching institute aligns its curriculum with the CMA India exam pattern, ensuring that students are well-prepared for the specific requirements of the examination.

Supportive Learning Environment:

• The institute fosters a supportive learning environment, offering resources such as doubt-clearing sessions, practice exams, and personalized guidance to enhance students’ learning experience.

Track Record of Success:

• iProledge may have a track record of successful CMA candidates, demonstrating the effectiveness of its coaching methods.

It’s crucial to consider individual preferences, learning styles, and specific coaching needs when choosing an institute. Prospective candidates should explore reviews, testimonials, and visit the institute to make an informed decision based on their unique requirements.

What is the eligibility criteria for the CMA (Cost & Management Accountant) course in India?

What are the educational requirements for aspiring candidates to enroll in the CMA course, and are there any specific qualifications needed to be eligible?

How often are the CMA exams conducted in India, and what is the examination pattern?

When are the CMA exams held, and what is the format of the examination, including the types of questions and the passing criteria?