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The Institute of Cost Accountants of India (ICMAI) has prescribed the exam pattern of CMA Final 2024 on its official website - icmai.in. As per the exam pattern, the CMA Final exam will be divided into two groups - Group III and Group IV; both objective and subjective type of questions will be asked. The CMA Final exam will be conducted in offline-centre based mode and each paper will be of 100 marks. Read the article to learn about the CMA Final 2024 exam pattern, syllabus, topic-wise weightage, and other related information.
To have an insight into the CMA Exam Pattern for Final exam before commencing the preparation is helpful for candidates. Given table below can be checked by candidates to understand the CMA Final paper pattern.
Particulars | Details |
---|---|
Mode of exam | Offline centre based exam |
Conducting body | Institute of Cost Management Accountant of India (ICMAI) |
Type of questions | Both objective and descriptive |
Exam duration | 3 hours |
Total marks | 100 marks |
Number of questions | 120 in each paper |
Marking scheme | No negative marking |
No. of groups | Two - Group III and Group IV |
Frequency of exam | Twice in a year |
As per the paper pattern, candidates registered for CMA Final exam are allowed to exercise the option for answering the questions in Hindi language. However, candidates who will answer the question papers mixing both Hindi and English language will be liable for cancellation.
ICMAI prescribed the syllabus of CMA Final exam in a comprehensive format on its official website. Candidates who are registered for the exam should check the syllabus as it contains the topics and subtopics to be studied under the CMA Final course. With the help of syllabus, candidates can decide on how much time they need to devote on a single topic/subtopic on the basis of weightage given in the syllabus.
Paper No. | Paper Name | Section | Weight |
---|---|---|---|
13. | Corporate and Economic Laws | Section A: Corporate Laws | 60% |
Section B: Economic Laws and Regulations | 40% | ||
14. | Strategic Financial Management | Section A: Investment Decisions | 25% |
Section B: Security Analysis and Portfolio Management | 35% | ||
Section C: Financial Risk Management | 20% | ||
Section D: International Financial Management | 15% | ||
Section E: Digital Finance | 5% | ||
15. | Direct Tax Laws and International Taxation | Section A: Direct Tax Laws | 60% |
Section B: International Taxation | 40% | ||
16. | Strategic Cost Management | Section A: Strategic Cost Management for Decision Making | 60% |
Section B: Quantitative Techniques in Decision Making | 40% | ||
17. | Cost and Management Audit | Section A: Cost Audit | 50% |
Section B: Management Audit | 25% | ||
Section C: Internal Control, Internal Audit, Operational Audit and Other Related Issues | 15% | ||
Section D: Forensic Audit and Anti-Money Laundering | 10% | ||
18. | Corporate Financial Reporting | Section A: Indian Accounting Standards | 25% |
Section B: Valuation of Shares, Accounting and Reporting of Financial Instruments and NBFCs | 15% | ||
Section C: Accounting for Business Combinations and Restructuring (in Compliance with Ind ASs) | 20% | ||
Section D: Consolidated Financial Statements and Separate Financial Statements (in Compliance with Ind ASs) | 20% | ||
Section E: Recent Developments in Financial Reporting | 10% | ||
Section F: Government Accounting in India | 10% | ||
19. | Indirect Tax Laws and Practice | Section A: Goods and Services Tax Act and Rules | 70% |
Section B: Customs Act and Rules | 30% | ||
20A | Strategic Performance Management and Business Valuation | Section A: Strategic Performance Management | 50% |
Section B: Business Valuation | 50% | ||
20B | Risk Management in Banking and Insurance | Section A: Risk Management in Banking | 60% |
Section B: Risk Management in Insurance | 40% | ||
20C | Entrepreneurship and Startup | Section A: Entrepreneurial Skill Sets | 15% |
Section B: The Entrepreneurial Eco-system | 15% | ||
Section C: Idea to Action | 15% | ||
Section D: Value Addition | 15% | ||
Section E: Scale up | 10% | ||
Section F: Risk Management Strategies | 10% | ||
Section G: Leadership | 10% | ||
Section H: Types of New Age Business | 10% |
Official study material for the CMA Final exams is uploaded by the ICMAI on its website. The study material is available for free of cost and candidates preparing for the exam can download the pdf file for any of the eight subjects. The CMA Final study material 2024 is comprehensive and covers all the topics and subtopics mentioned under the syllabus. Candidates who select the “Postal” mode during their registration are dispatched to the study material by post after their registration number is allotted.
Also, check - CMA Final Admit Card
As per the paper pattern, there are eight papers included in CMA Final exam. These are divided into two equal groups.
No, there is no negative marking as per the paper pattern.
CMA Final exam will be of 3 hours duration. Candidates have to solve both descriptive and objective questions.
No, candidates can appear in a single group and appear for the other in next session.
The nature of questions depends on the group of CMA Final. For instance Group III and Group IV comprise of both subjective and objective questions.
The CMA Final comprises of total eight papers.
The total paper is of 100 marks and there is no provision of negative marking in the CMA Final exam.
Hi,
Yes the final CMA syllabus is expected to change a little for the June 2022 session. The syllabus is updated every 5 years although the changes are not very drastic. As the years go by, some chapters become obsolete and some new chapters need to be include. Thus the constant upgradation of the syllabus is to incorporate the current economic changes with the business processes.
For more details regarding the examination and syllabus click the following link:
https://icmai.in/studentswebsite/Student-index.php
All the best!
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