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CMA Syllabus 2024 - Complete Details


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The new syllabus of CMA INDIA 2024 is here and it’s crucial for you to be thorough with it. Because preparing for an exam with all seriousness also means staying up to date with any latest development to not get left behind. It is obvious for you to be wondering what changes have been made. Not to worry! We did the work and came up with a comprehensive guide for the new CMA India syllabus guide for you (and some crucial study tips).

Now let’s dive in!


Introduction to CMA  


The Institute of Cost Accountants of India (ICAI), previously the Institute of Cost and Works Accountants of India (ICWAI), offers the CMA exam in three course groups based on the 2022 syllabus. Candidates preparing for the CMA 2024 examinations must follow the new CMA Course syllabus, which includes Cost and Management Accounting (CMA) at the CMA Foundation, CMA Intermediate, and CMA Final levels.  

The CMA Foundation course syllabus teaches essential accounting and management topics. The CMA Intermediate and CMA Final courses are further separated into two groups, each addressing a distinct topic such as accounting, management, law, and so on. Candidates who pass the CMA Foundation test are qualified to take the CMA Intermediate and CMA Final exams, which are prepared in accordance with the ICAI's CMA 2022 syllabus. 


CMA Course Syllabus 2024 

We have offered detailed information about the Cost and Management Accounting (CMA) Course Syllabus for each level.  


CMA Foundation Course Syllabus 

The Cost and Management Accounting (CMA) Foundation course syllabus is broadly divided into four fundamental courses. The topics offered under the CMA Foundation exam syllabus stated by ICWAI or ICAI are as follows: 


CMA Foundation Course: 

  • PAPER 1: Fundamentals Of Business Laws and Business Communication (FBLC) 

  • PAPER 2: Fundamentals Of Financial and Cost Accounting (FFCA) 

  • PAPER 3: Fundamentals Of Business Mathematics and Statistics (FBMS) 

  • PAPER 4: Fundamentals Of Business Economics and Management (FBEM) 

 

CMA Intermediate Course Syllabus 

The Cost and Management Accounting (CMA) Intermediate Course syllabus is divided into two groups, Group I and Group II. The topics offered are as follows: 


CMA Intermediate Course Group – I 

  • PAPER 5: Business Laws and Ethics (BLE) 

  • PAPER 6: Financial Accounting (FA) 

  • PAPER 7: Direct and Indirect Taxation (DITX) 

  • PAPER 8: Cost Accounting (CA) 


CMA Intermediate Course Group – II 

  • PAPER 9: Operations Management and Strategic Management (OMSM)  

  • PAPER 10: Corporate Accounting and Auditing (CAA) 

  • PAPER 11: Financial Management and Business Data Analytics (FMDA)  

  • PAPER 12: Management Accounting (MA) 

 

CMA Final Course Syllabus 

The Cost and Management Accounting (CMA) syllabus for the Final course exam is divided into Group III and Group IV. The syllabus is of advanced CMA level. Look at the syllabus topics offered below.   


CMA Final Course Group – III 

  • PAPER 13: Corporate and Economic Laws (CEL)  

  • PAPER 14: Strategic Financial Management (SFM) 

  • PAPER 15: Direct Tax Laws and International Taxation (DIT)  

  • PAPER 16: Strategic Cost Management (SCM) 


CMA Final Course Group – IV 

  • PAPER 17: Cost and Management Audit (CMAD)  

  • PAPER 18: Corporate Financial Reporting (CFR)  

  • PAPER 19: Indirect Tax Laws and Practice (ITLP) 

  • PAPER 20: One of the following subjects 

PAPER 20A: Strategic Performance Management and Business Valuation (SPMBV) 

PAPER 20B: Risk Management in Banking and Insurance (RMBI)  

PAPER 20C: Entrepreneurship and Start Up (ENTS) 

 

Study Tips for the CMA exams based on the 2024 syllabus 

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Cost and Management Accounting (CMA) is one of the toughest professional courses and it needs a lot of dedication and interest to pass. Studying for the CMA exams can be intensive, but here are some effective CMA study tips based on the 2024 syllabus offered: 


  •  Understand the CMA Syllabus: Familiarize yourself thoroughly with the CMA Foundation, CMA Intermediate, and CMA Final course syllabus. Understand the topics covered in each paper to prioritize your study plan. 

 

  • Create a Study Schedule: Develop a detailed CMA Course study schedule that allocates sufficient time for each subject and topic. Consider your strengths and weaknesses to balance your study time accordingly. 

 

  •  Use Reliable Study Material: Utilize recommended textbooks, study guides, and practice manuals aligned with the CMA syllabus. Ensure the CMA Course material is up-to-date, and the syllabus covers all relevant topics. 

 

  •  Practice Regularly: Practice solving past CMA exam papers and CMA mock tests to get accustomed to the exam format and timing. This helps in identifying areas that need more focus and improves your exam-taking skills. 

 

  • Focus on Conceptual Understanding: Instead of rote learning, strive to understand the underlying concepts and principles of CMA syllabus. This approach helps in retaining information better and applying concepts to practical scenarios.  

 

  •  Seek Clarification: Don't hesitate to ask for help from teachers, mentors, or peers if you encounter difficulties with any CMA topic. Clarifying doubts promptly can prevent misconceptions from persisting and helps you to understand your course in a better way. 

  

  • Review and Revise: Regularly review the CMA course material you've studied and revise key concepts. Create summary notes or flashcards for quick revision closer to the CMA exam date. 

 

  •  Stay Updated: Stay informed about any updates or changes in the CMA syllabus or exam pattern. Subscribe to official notifications and updates from ICAI to ensure you are preparing effectively and you are updated regarding your course.  

 

  •  Manage Exam Stress: Practice relaxation techniques and maintain a healthy study-life balance to manage CMA exam stress effectively. Adequate rest and regular breaks are crucial for maintaining concentration and motivation on course. 

  

  •  Stay Motivated: Keep your long-term goals in mind and stay motivated throughout your preparation journey. Celebrate small achievements and milestones to stay positive and focused regarding your CMA Syllabus.  

 Following these study tips systematically can help you prepare effectively for the CMA exams and maximize your chances of success. 

 

Conclusion: 


Being CMA India qualified can open doors to global and high-paying opportunities. But Preparing for the Cost and Management Accounting (CMA) exams requires dedication and a strategic approach. And when we talk about strategic approach, knowing the syllabus tops the list. Learn about your CMA India syllabus with all seriousness. Knowing your syllabus to the core will only do good for you. It can be your strength - the deeper you, the better you will perform in your exam. And it’s not at all an exaggeration! Plus, don’t forget to implement the tips that we have shared here to make your learning more effective.

 

  

FAQs on CMA Syllabus 2024 


What is the CMA exam syllabus based on for 2024? 

The CMA exam syllabus for 2024 is based on the updated curriculum provided by the Institute of Cost Accountants of India (ICAI), covering essential topics in Cost and Management Accounting across Foundation, Intermediate, and Final courses. 

How should I prepare for the CMA Foundation exam? 

What are the key subjects in the CMA Intermediate syllabus? 

What is the importance of conceptual understanding in the CMA exams? 

How can I manage exam stress while preparing for the CMA exams? 


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