CMA 2021: Course,Registration, Syllabus, Exams, Jobs, Salary_00.1
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All about Cost Management Accounting (CMA 2021)

What is Cost Management Accounting (CMA 2021) Course?

CMA is one of the most popular courses in the finance sector and it provides the ladder to the one who wants to make it big in the management accounting field. CMA has been one of the favorite courses amongst commerce students.

CMA is a certificate program designed to train students who aspire to work in different industries and corporate functions.

The CMA courses are issued by the Institute of Cost Accountants of India (ICAI) that primarily focuses on financial statement analysis, external financial reporting, valuation issues, working capital policies, etc.

Previously CMA was known as ICWA.

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Cost Management Accounting CMA 2021: Course Level

 

The CMA Course is distributed into three levels and one needs to pass the previous level to continue further to the next level. The three levels of the CMA Course are:

  • Level 1: CMA Foundation Level
  • Level 2: CMA Intermediate Level
  • Level 3: CMA Final Level

 

Cost Management Accounting CMA 2021: Course Duration

 

  • The CMA course duration is flexible that means candidates have the authority to complete the levels at their desired pace and it also depends on the candidate`s focus and dedication.
  • The time for the CMA course approx. time duration can be 6 months- 4 months, and this course is frequently completed in 3- 4 years duration in India whereas it just takes 6 months to complete the course in the US.

Also Read: Bachelor of Commerce

Cost Management Accounting CMA 2021: Skills Gained

Cost management Profitability Analysis
Expertise in Management Accounting Risk Management
Performance Management Planning and Budgeting
Strategic Management Internal Controls
External Financial Reporting Expertise in Financial Accounting
Investment Decision

 

Also Read:  Bachelor of Business Administration

 

Cost Management Accounting CMA 2021: Eligibility Criteria for Different Levels

 

CMA 2021 Eligibility Criteria: Foundation level 

 

  • Candidates should have completed class 10th from any recognized board.
  • Candidates should have passed class 12th from any recognized board.
  • Candidates can also have National Diploma in Commerce Education by AICTE or any state board of technical education besides the above-mentioned degrees.

 

CMA 2021 Eligibility Criteria: Intermediate level 

 

  • Candidates must have passed class 12th
  • Candidates must have passed the foundation course from the Institute of Cost Accountants of India (ICAI).
  • Candidates must have a UG degree with any stream except for Fine Arts.

 

CMA 2021 Eligibility Criteria: Final Level 

 

  • Candidates must have passed the foundation and intermediate level in order to pursue the final level of CMA Courses.

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Cost Management Accounting CMA 2021: Course Syllabus

 

CMA 2021: Syllabus for Foundation Level
Paper 1: Fundamentals of Business Mathematics and Statistic
Paper 2: Fundamentals of Laws and Ethics
Paper 3: Fundamentals of Accounting
Paper 4: Fundamentals of Economics and Management

 

CMA 2021: Syllabus for Intermediate Level
Paper 5: Company Accounts & Audit
Paper 6: Indirect Taxation
Paper 7: Cost and Management Accounting
Paper 8: Operation Management Information System
Paper 9: Cost Accounting and Financial Management
Paper 10: Direct Taxation
Paper 11: Laws, Ethics and Governance
Paper 12: Financial Accounting

 

CMA 2021: Syllabus for Final level
Paper 13: Financial Analysis & Business Valuation
Paper 14: Cost and Management Audit
Paper 15: Corporate Financial Reporting
Paper 16: Strategic Performance Management
Paper 17: Tax management and Practice
Paper 18: Business Strategy & Strategic Cost management
Paper 19: Advanced Financial Management
Paper 20: Corporate Laws and Compliance

 

 

Cost Management Accounting CMA 2021: Application/ Registration Date

 

  • The CMA registration for the ICAI courses is active throughout the year.
  • In CMA Candidates need to register themselves 4 months prior to the intended term.
  • If a candidate is seeking for December term then her/ he has to register in the month of July like for June term candidates need to register themselves in the month of January before 31stof the same year.

 

CMA 2021: How to Register

 

  • For registration in CMA, candidates need to send their application forms via postal method along with the other required documents to their respective Regional Councils.
  • The Regional Councils of four regions in India are:

Northern India- New Delhi

Southern India- Chennai

Eastern India- Kolkata

Western India- Mumbai

 

CMA 2021: Registration Fee

 

  • Level: CMA Foundation
  • Registration: INR 4k

 

  • Level: CMA Intermediate
  • Registration: INR 20k

 

  • Level: CMA Final
  • Registration: 17k

 

CMA 2021: Exam Schedule

  • The CMA course offers flexibility to the candidates who are appearing in different levels of exams.
  • Candidates can appear in the exams according to their comfort and the testing window remains open for 6 months in a year that are January or February, May or June, September or October.
  • CMA exams are conducted in online mode.

 

 

CMA 2021: Job Profile and Average Salary

 

Job Profile Average INR
Chief Financial Officer (CFO) 10.6 LPA
Corporate Controller 7.4- 12.5 LPA
Chief Investment Officer Up to 50 LPA
Financial Controller 6- 14 LPA
Financial Analyst Up to 14.7 LPA

 

FAQs

Question: Can a candidate for the CMA exam before clearing the 12th boards?

Answer: Candidates can register for the exam but cannot appear for the exams.

 

Question: Can a candidate for the CMA exam before clearing graduation?

Answer: Candidates can register for the exam but cannot appear for the exams but a candidate can join the CMA intermediate course.

 

Question: What is the complete course duration for CMA?

Answer: The Course consists of three-level and 20 subjects and it generally takes 3- 4 years to complete the course.

 

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Integrated MBA
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Bachelor of Business Administration 2021

 

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