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    CMA Final Exam Pattern 2023 - Mode, Marking Scheme, Important Topics

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    CMA Final Exam Pattern 2023 - Mode, Marking Scheme, Important Topics

    Edited By Team Careers360 | Updated on Sep 28, 2023 07:01 PM IST | #CMA Final

    CMA Final Exam Pattern 2023 - The Institute of Cost Accountants of India (ICMAI) prescribes the exam pattern of CMA Final 2023 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 know about the CMA Final 2023 exam pattern, syllabus, topic-wise weightage, and other related information.

    Overview of the CMA Final Exam Pattern 2023

    To have an insight about 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.

    Exam Pattern of CMA Final 2023

    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

    Medium for writing the CMA Final question paper

    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.

    CMA Final Syllabus 2023

    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.

    CMA Final new syllabus 2022

    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%


    Paper-wise marking scheme of CMA Final exam

    As per the ICMAI exam pattern for CMA Final, there are a total of 8 papers divided into two group. Each group has four papers. Given table below shows the complete paper-wise marking scheme along with the marking allotment.

    CMA Final paper-wise exam pattern 2023 (Group III) - Old syllabus

    Paper

    Topics

    Marks

    Paper 13- Corporate Laws & Compliance

    Section A: Companies Act

    60

    Section B: Other Corporate Laws

    25

    Section C: Corporate Governance

    15

    Total marks

    100

    Paper 14- Strategic Financial Management (SFM)

    Section A: Investment Decisions

    25

    Section B: Financial Markets and Institutions

    20

    Section C: Security Analysis and Portfolio Management

    25

    Section D: Financial Risk Management

    30

    Total marks

    100

    Paper 15- Strategic Cost Management – Decision Making

    Section A: Cost Management

    20

    Section B: Strategic Cost Management- Tools and Techniques

    50

    Section C: Strategic Cost Management – Application of Statistical Techniques in Business Decisions

    30

    Total marks

    100

    Paper 16- Direct Tax Laws and International Taxation

    Section A: Advanced Direct Tax Laws

    50

    Section B: International Taxation

    30

    Section C: Case Study Analysis

    20

    Total marks

    100

    CMA Final paper-wise exam pattern 2023 (Group IV)

    Paper

    Topics

    Marks

    Paper 17- Corporate Financial Reporting

    Section A: GAAP and Accounting Standards

    20

    Section B: Accounting of Business Combinations & Restructuring

    20

    Section C: Consolidated Financial Statements

    20

    Section D: Developments in Financial Reporting

    25

    Section E: Government Accounting in India

    15

    Total marks

    100

    Paper 18- Indirect Tax Laws and Practice (ITP)

    Section A: Advanced Indirect Tax and Practice

    80

    Section B: Tax Practice and Procedures

    20

    Total marks

    100

    Paper 19- Cost and Management Audit (CMAD)

    Section A: Cost Audit

    35

    Section B: Management Audit

    15

    Section C: Internal Audit, Operational Audit and other issues

    25

    Section D: Case Study on Performance Analysis

    25

    Total marks

    100

    Paper 20- Strategic Performance Management and Business Valuation

    Section A: Strategic Performance Management

    50

    Section B: Business Valuation

    50

    Total marks

    100

    CMA Final Study Material 2023

    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 2023 is comprehensive in nature and covered all the topics and subtopics mentioned under the syllabus. Candidates who select the “Postal” mode during their registration are dispatched the study material by post after their registration number is allotted.

    Frequently Asked Question (FAQs)

    1. How many papers are included in CMA Final exam?

    As per the paper pattern, there are eight papers included in CMA Final exam. These are divided into two equal groups.

    2. Is there any negative marking in CMA Final exam?

    No, there is no negative marking as per the paper pattern.

    3. What is the time duration of each CMA exam?

    CMA Final exam will be of 3 hours duration. Candidates have to solve both descriptive and objective questions.

    4. Is it mandatory to appear in both groups of CMA Final exam in a single session?

    No, candidates can appear in a single group and appear for the other in next session.

    5. CMA Final exam pattern is objective or subjective?

    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.

    6. How many exams are there in CMA Final?

    The CMA Final comprises of total eight papers.

    7. What is the marking scheme of CMA Final?

    The total paper is of 100 marks and there  is no provision of negative marking in the CMA Final exam.

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    Advertising managers consult with the financial department to plan a marketing strategy schedule and cost estimates. We often see advertisements that attract us a lot, not every advertisement is just to promote a business but some of them provide a social message as well. There was an advertisement for a washing machine brand that implies a story that even a man can do household activities. And of course, how could we even forget those jingles which we often sing while working?

    2 Jobs Available
    Photographer

    Photography is considered both a science and an art, an artistic means of expression in which the camera replaces the pen. In a career as a photographer, an individual is hired to capture the moments of public and private events, such as press conferences or weddings, or may also work inside a studio, where people go to get their picture clicked. Photography is divided into many streams each generating numerous career opportunities in photography. With the boom in advertising, media, and the fashion industry, photography has emerged as a lucrative and thrilling career option for many Indian youths.

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    Social Media Manager

    A career as social media manager involves implementing the company’s or brand’s marketing plan across all social media channels. Social media managers help in building or improving a brand’s or a company’s website traffic, build brand awareness, create and implement marketing and brand strategy. Social media managers are key to important social communication as well.

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    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

    3 Jobs Available
    Quality Controller

    A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

    A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

    3 Jobs Available
    Production Manager

    Production Manager Job Description: A Production Manager is responsible for ensuring smooth running of manufacturing processes in an efficient manner. He or she plans and organises production schedules. The role of Production Manager involves estimation, negotiation on budget and timescales with the clients and managers. 

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    Team Lead

    A Team Leader is a professional responsible for guiding, monitoring and leading the entire group. He or she is responsible for motivating team members by providing a pleasant work environment to them and inspiring positive communication. A Team Leader contributes to the achievement of the organisation’s goals. He or she improves the confidence, product knowledge and communication skills of the team members and empowers them.

    2 Jobs Available
    Quality Systems Manager

    A Quality Systems Manager is a professional responsible for developing strategies, processes, policies, standards and systems concerning the company as well as operations of its supply chain. It includes auditing to ensure compliance. It could also be carried out by a third party. 

    2 Jobs Available
    Merchandiser

    A career as a merchandiser requires one to promote specific products and services of one or different brands, to increase the in-house sales of the store. Merchandising job focuses on enticing the customers to enter the store and hence increasing their chances of buying a product. Although the buyer is the one who selects the lines, it all depends on the merchandiser on how much money a buyer will spend, how many lines will be purchased, and what will be the quantity of those lines. In a career as merchandiser, one is required to closely work with the display staff in order to decide in what way a product would be displayed so that sales can be maximised. In small brands or local retail stores, a merchandiser is responsible for both merchandising and buying. 

    2 Jobs Available
    Procurement Manager

    The procurement Manager is also known as  Purchasing Manager. The role of the Procurement Manager is to source products and services for a company. A Procurement Manager is involved in developing a purchasing strategy, including the company's budget and the supplies as well as the vendors who can provide goods and services to the company. His or her ultimate goal is to bring the right products or services at the right time with cost-effectiveness. 

    2 Jobs Available
    Production Planner

    Individuals who opt for a career as a production planner are professionals who are responsible for ensuring goods manufactured by the employing company are cost-effective and meets quality specifications including ensuring the availability of ready to distribute stock in a timely fashion manner. 

    2 Jobs Available
    Information Security Manager

    Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

    3 Jobs Available
    Computer Programmer

    Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

    3 Jobs Available
    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

    3 Jobs Available
    ITSM Manager

    ITSM Manager is a professional responsible for heading the ITSM (Information Technology Service Management) or (Information Technology Infrastructure Library) processes. He or she ensures that operation management provides appropriate resource levels for problem resolutions. The ITSM Manager oversees the level of prioritisation for the problems, critical incidents, planned as well as proactive tasks. 

    3 Jobs Available
    .NET Developer

    .NET Developer Job Description: A .NET Developer is a professional responsible for producing code using .NET languages. He or she is a software developer who uses the .NET technologies platform to create various applications. Dot NET Developer job comes with the responsibility of  creating, designing and developing applications using .NET languages such as VB and C#. 

    2 Jobs Available
    Corporate Executive

    Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

    2 Jobs Available
    DevOps Architect

    A DevOps Architect is responsible for defining a systematic solution that fits the best across technical, operational and and management standards. He or she generates an organised solution by examining a large system environment and selects appropriate application frameworks in order to deal with the system’s difficulties. 

    2 Jobs Available
    Cloud Solution Architect

    Individuals who are interested in working as a Cloud Administration should have the necessary technical skills to handle various tasks related to computing. These include the design and implementation of cloud computing services, as well as the maintenance of their own. Aside from being able to program multiple programming languages, such as Ruby, Python, and Java, individuals also need a degree in computer science.

    2 Jobs Available
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