CMA - India
The Institute of Cost Accountants of India (ICMAI), formerly known as the ICWAI, is a professional organization in India that regulates the Cost and Management Accounting profession. It is the only recognized official organization for CMAs, having been established by an Act of Parliament in 1959. They perform critical roles in corporate finance, cost management, budgeting, and strategic planning. They provide useful information for improving profitability, resource management, and financial compliance. ICMAI conducts exams and grants certifications to aspiring CMAs, allowing them to pursue fulfilling careers in a variety of fields
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About CMA- India
Lead the Way: CMA India - Pioneering Excellence in Cost and Management Accountancy!
Cost and management accountants (CMAs) played an important role during the GST era. Advisory services such as Impact Study, Contract Review, Pricing Model Impact, Business Structure revamping, Supply Chain Management, Logistics and Distribution Systems, Business Process Mapping in GST, and so on, including the completion of Monthly/ Quarterly/ Annual returns.
Why Study CMA ?
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High Demand: CMAs are in high demand across the world, particularly in financial planning, analysis, and decision-making. Employers admire their cost management and strategic planning knowledge.
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Global Recognition: CMA is an internationally respected certificate that allows you to work and grow your career on a worldwide scale.
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Skill Development: The CMA program will teach you key skills such as financial analysis, budgeting, and performance management.
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Job Stability: Because of their particular skill set, CMAs frequently experience higher work stability and security.
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Career Versatility: CMAs work in a variety of areas, including banking, manufacturing, technology, and consulting, giving them professional options.
Whether you are just starting out or looking to expand your career, CMA may considerably improve your financial knowledge and open doors to exciting opportunities in the business world.
CMA Exam Curriculum
A CMA Course comes with 3 Levels and they are,
1. FOUNDATION COURSE
This includes four subjects of 100 Marks each, with each exam lasting three hours.
The passing criteria for the CMA (Certified Management Accountant) certification is to obtain a minimum score of 40% in each individual paper and an overall aggregate of at least 50% across all papers.
2. INTERMEDIATE COURSE
The Intermediate Course is divided into two groups of eight subjects, each of 100 marks and with a time restriction of three hours during the exam:
GROUP 1
GROUP 2
3. FINAL COURSE
The final exam in CMA includes Eight papers of 100 marks examinations divided into four subjects separated into two groups. Each subject will have a 3 hour examination.
GROUP 3
GROUP 4
The passing criteria for the CMA (Certified Management Accountant) certification is to obtain a minimum score of 40% in each individual paper and an overall aggregate of at least 50% across all papers.
CMA- India Exam Eligibility Criteria in India
CMA FOUNDATION COURSE.
Eligibility:
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A candidate must have completed Class 10 or an equivalent qualification from a recognized Board or Institution; or
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Candidates must have passed the Senior Secondary School Examination from a recognized Board or an equivalent examination recognized by the Central Government. Alternatively, they can have passed the National Diploma in Commerce Examination by the All India Council for Technical Education or the Diploma in Rural Service Examination by the National Council of Rural Higher Education.
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Any candidate who has completed the Intermediate Examination (or its equivalent) conducted by the Institute of Chartered Accountants of India would be exempt from the Foundation Course. Similarly, any applicant who has completed the Intermediate examination would be exempted from the Institute of Chartered Accountants of India's Common Proficiency Test (i.e. entry level test, whatever name it is named).
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Candidates who meet the eligibility criteria for direct admission to the Intermediate Course (as listed in Annexure VI) are exempt from the Foundation Course requirement.
CMA INTERMEDIATE COURSE
Eligibility:
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Having successfully completed the Higher Secondary School Examination (10+2) and the Institute of Cost Accountants of India's Foundation Course, or meeting the requirements for the Foundation (Entry Level), including passing the Part I Examination of the Institute of Cost Accountants of India's Certificate in Accounting Technicians (CAT) Course, a Degree examination from any recognized University, or holding equivalent qualifications in any discipline except music, dance, photography, painting, sculpting, and similar areas.
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Annexure VI contains a list of qualifying examinations for direct admission to the Intermediate Course.
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Provisional Registration: Candidates who are awaiting the results of their degree examinations may also apply for provisional admission. Such students would be given 18 (eighteen) months to transition from Provisional to Regular Status.
CMA FINAL COURSE
Eligibility:
Candidates who have completed the Institute of Cost Accountants of India's Intermediate Examination are eligible for admission to the Final Course.
CS Job Roles
4

Chief Managing Director


Chief Operating Officer

Chief financial officer

Director

President

Strategic Head

Vice President

Head of Finance
Chief executive officer

Cost Advisor


Finance Controller
Cost Controller
2

Risk Manager

Business Analyst

Research Analyst

Dean/ Professor of Finance
CA Corporate career and BIG 4's

Frequently Asked Questions
1. What is the passing criteria for CMA exams?
Ans: The passing criteria for CMA exams require obtaining a minimum of 40% in each subject and an aggregate of 50% in all courses.