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    CMA Full form - Check CMA Course Structure, Duration, Eligibility, Fees

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    CMA Full form - Check CMA Course Structure, Duration, Eligibility, Fees

    Edited By Team Careers360 | Updated on Sep 09, 2023 02:54 PM IST | #CMA Foundation

    CMA Full Form: CMA course full form is Cost and Management Accounting. The Institute of Cost Accountants of India offers the CMA course. CMA is divided into three levels - CMA Foundation, CMA Intermediate, and CMA Final. The course duration is 3 to 4 years. CMA is recognised as one of the most important management accounting and financial management courses. ICMAI CMA course verifies that the candidate has a thorough understanding of cost planning, financial planning, cost analysis, cost control, financial analysis, and decision-making. CMA course qualifies professionals for a wide range of professions such as - cost accounting, financial management, auditing, and much more. Read the full article to know everything about what CMA stands for, its benefits, eligibility and other important details

    What is the Full Form of CMA

    The full form of CMA is Cost and Management Accounting. It is one of the prestigious professional degrees in finance and accounting offered by the Institute of Cost Accountants of India. It is awarded after the candidate clears all the three levels of the CMA course.

    CMA's History

    The CMA course full form is Cost and Management Accountant which was introduced in 1972, and many candidates have received the CMA certification since then. The exam structure has changed over time, and the most recent version requires the candidate to pass the exam in two sections, each with 100 MCQs and two 30-mark essays.

    Benefits of CMA Course

    The goal of being a CMA is to get an in-depth understanding of accounting, finance, and management. It is one of the most widely recognised certifications in the business world, proving the ability of a person to make financial decisions for a firm.

    Furthermore, CMA course boosts a person's earning potential while also granting him creditability and standing in society and the economic sector. The following are some of the benefits of obtaining pursuing CMA in India:

    • High pay-scale

    • Enhanced job prospects

    • Certification that is recognised around the world

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    Eligibility Criteria for ICMAI CMA

    CMA Foundation Course Eligibility

    • The candidate must have passed a recognised board or institution's class 10 or equivalent exam in order to get admission to CMA Foundation.

    • A candidate is eligible to appear for the exam if he/she has passed the Senior Secondary Examination under the 10+2 scheme from a recognised board.

    CMA Foundation Previous Year Sample Papers
    Free download CMA Foundation Previous Year Sample Papers
    Click Here

    CMA Intermediate Course Eligibility

    • The candidate must have passed the Senior Secondary School Examination (10+2) and CMA Foundation Course of the Institute of Cost Accountants of India

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    OR

    • Candidate should be graduate in any discipline other than Fine Arts/ Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute.

    OR

    • Passed Foundation of ICSI/Intermediate of ICAI along with Class 10+2

    CMA Final Course Eligibility

    • The candidate should have passed the CMA Intermediate examination.

    • The candidate must have a current registration number

    • The candidate should have completed the CMA Final course's required training.

    • The candidate should not be disqualified from taking the CMA Final Course Exam.

    CMA Direct Admission

    • The candidate must have a bachelor's degree in any discipline other than fine Arts.

    • The candidate must have qualified CAT/ICSI Foundation/ ICAI Intermediate.

    Syllabus for CMA

    The exam syllabus for CMA foundation, CMA intermediate, and CMA final course is mentioned in the table below:

    Exam syllabus for CMA

    Foundation course

    Intermediate course

    Final course

    Group 1

    Group 2

    Group 3

    Group 4

    P1: Fundamentals of Economics and Management

    P5: Financial Accounting (FAC)


    P9: Operations Management & Strategic Management

    P13: Corporate Laws & Compliance

    P17: Corporate Financial Reporting

    P2: Fundamentals of Accounting

    P6: Laws and Ethics


    P10: Cost & Management Accounting and Financial Management

    P14: Strategic Financial Management

    P18: Indirect Tax Laws & Practice

    P3: Fundamentals of Laws and Ethics

    P7- Direct Taxation (DTX)


    P11: Indirect Taxation

    P15: Strategic Cost Management – Decision Making

    P19: Cost and Management Audit

    P4: Fundamentals of Business Mathematics & Statistics

    P8- Cost Accounting (CA)


    P12: Company Accounts & Audit

    P16: Direct Tax Laws and International Taxation

    P20: Strategic Performance Management and Business Valuation

    Read detailed CMA syllabus:

    Fees for CMA Certification

    The fees for CMA certification vary depending on the types of courses.

    CMA Foundation Course

    The registration fee for CMA Foundation is Rs. 6,000 which can be paid via oral or postal mode.

    CMA Intermediate Course

    The registration fee for CMA Intermediate is Rs. 23,100 which can be paid in two installments via oral or postal mode.

    Options to pay CMA Intermediate fee

    Oral/ Postal

    Option I (Without installment)

    Option II (With Installment)

    Rs. 23,100

    Rs. 12,000

    Rs. 11,100

    CMA Final Course

    The registration fee for CMA Final is Rs. 25,000 which can be paid in two installments via oral or postal mode.

    Options to pay CMA Final course fee

    Oral/ Postal

    Option I (Without installment)

    Option II (With Installment)

    Rs. 25,000

    Rs. 15,000

    Rs. 10,000

    When should you apply for the CMA certification?

    CMA Foundation Course: Admission to the CMA Foundation course is offered throughout the year for the course. Students who wish to appear for the June term examination must apply by the 31st of January of that year, and students who wish to appear for the December term examination must apply by the 31st of July of that year.

    CMA Intermediate Course: The registrations for this course are open throughout the year. Students who wish to appear for the June term examination must apply by the 31st of January of that year, and students who wish to appear for the December term examination must apply by the 31st of July of that year.

    CMA Final Course

    The CMA Final course is offered for registration throughout the year. Students who wish to appear for the June term examination must apply by the 31st of January of that year, and for the December term examination, candidates must apply by the 31st of July of that year.

    Important - Check the Complete List of Full Forms

    Variety of Career Options after CMA Certification

    After earning your CMA certification, you have a variety of career options both domestically and internationally. It will help you improve your financial, accounting, and management skills, which will help you advance in your job and make you stand out from the crowd. Following are the various job opportunities for CMA (CMA full form is Cost and Management Accountant):

    • Cost & Management Accounting

    • Financial Management

    • Financial/Business Analyst

    • Systems Analyst & Systems Management

    • Auditing, Internal Control

    • Tax Management - Direct and Indirect Tax

    • Capital Market Analyst, Fund Manager, Portfolio Analyst

    • ERP Implementation

    • Process Analysis in BPO/KPO Sector

    • Implementing Business Intelligence Systems

    • Academic Opportunities

    CMA as a Career

    In a decade, demand for CMA full form course and other accountants is likely to rise. The need for accountants is expected to increase by 4% between 2019 and 2029. This expansion is projected to continue in the management accounting industry due to the lack of standardisation, as organisations have a lot of flexibility in building management accounting systems.

    CMA Salary

    The average salary of a CMA professional can range anywhere between 5 Lakhs to 40 Lakhs pa. On average a fresher can expect to make an average salary of 10 Lakh pa. With increase and skill and experience, the CMA salary can see tremendous growth.

    CMA Exam Techniques

    Candidates can find the following tactics that should be used during the exam period:

    • To pass the CMA exam, the first step is to pay great attention to every word in the question in order to gain a thorough grasp of it.

    • All the options should be thoroughly examined, particularly in multiple-choice questions.

    • If an answer can be found, go on to the next step after picking it.

    • Don't waste too much time on a single question.

    • If the candidate is unsure about the proper answer, they should endeavour to make the best guess possible.

    CMA Pass Percentage

    The Institute of Cost Accountants of India releases the pass percentage of CMA along with the CMA result. The pass percentage are released for all the three levels of CMA. Historically, it has been seen that the pass percentage in CMA fluctuates between the range of 8 to 25%.


    Frequently Asked Question (FAQs)

    1. What does the term CMA stand for?

    CMA is a professional certification in accounting and financial management.

    2. What Is CMA's Full Form?

    CMA stands for Cost and Management Accounting.

    3. What is the duration of the CMA course?

    The duration of CMA course is 3 to 4 years.

    4. Who issues the CMA certification?

    The CMA certification is issued by the Institute of Cost Accountants of India (ICAI).

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    Questions related to CMA Foundation

    Have a question related to CMA Foundation ?

    Hello aspirant,

    The CMA foundation exam question papers are made available on the official website of the Institute of Cost Accountants of India (ICMAI). There are CMA Foundation Question papers available by year. The first level of the Chartered Management Accountancy course is called CMA Foundation. The CMA Foundation Exam is offered in June and December of each year.

    To download the previous year cma papers, you can visit our website by clicking on the link given below.

    https://finance.careers360.com/articles/cma-foundation-question-paper

    Thank you

    Hope this information helps you.


    Hi,

    I hope you are concerned to CMA (Cost and Management Accountant) Foundation Exam . It is organised by The Institute Of Cost Accountants Of India. The duration of the exam is 3 hours.

    To be eligible for the exam, candidate needs to pass class 12/diploma from recognized board . It is going to be conducted on 8th July,2022 , the last date for registration was on 25 Feb 2022 .

    Positions that are offered are Consultancy, jobs in PSU and private companies or even you can open your own practice.

    I hope it clarifies your doubt.

    Thank you!


    Hello,

    The CMA Foundation exam is conducted in online mode only. The CMA Foundation application form 2022 (June) can be filled from the official website - icmai.in. The last date to register for the CMA Foundation June session exam was January 31, 2021. ICMAI has extended the last date of registration till February 10, 2022. The registration fee is Rs. 6000 which can be paid in two installments. The date of the CMA Foundation exam 2022 (June session) will be notified by ICMAI. Keep an eye on the official website or the link below for the latest information.

    https://finance.careers360.com/articles/cma-foundation-registration

    2016 syllabus. Because I am going to appear for june 2022 CMA foundation exam i have got admit card and foundation all books.It is clearly mention in books that our syllabus is 2016 based .

    hey there,

    Yes, as you have cleared paper of CMA Foundation Course, you shall be eligible for CMA Inter registration.

    Those candidates who have passed Class 10+2 and CMA Foundation Course of the Institute of Cost Accountants of India shall be eligible for admission to CMA Intermediate Course.

    hope this helps you

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    Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

    3 Jobs Available
    Advertising Manager

    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.

    2 Jobs Available
    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.

    2 Jobs Available
    Welding Engineer

    Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

    5 Jobs Available
    QA Manager
    4 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
    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
    3 Jobs Available
    Reliability Engineer

    Are you searching for a Reliability Engineer job description? A Reliability Engineer is responsible for ensuring long lasting and high quality products. He or she ensures that materials, manufacturing equipment, components and processes are error free. A Reliability Engineer role comes with the responsibility of minimising risks and effectiveness of processes and equipment. 

    2 Jobs Available
    Safety Manager

    A Safety Manager is a professional responsible for employee’s safety at work. He or she plans, implements and oversees the company’s employee safety. A Safety Manager ensures compliance and adherence to Occupational Health and Safety (OHS) guidelines.

    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
    Azure Administrator

    An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

    4 Jobs Available
    AWS Solution Architect

    An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

    4 Jobs Available
    QA Manager
    4 Jobs Available
    ITSM Manager
    3 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
    Computer System Analyst

    Individuals in the computer systems analyst career path study the hardware and applications that are part of an organization's computer systems, as well as how they are used. They collaborate closely with managers and end-users to identify system specifications and business priorities, as well as to assess the efficiency of computer systems and create techniques to boost IT efficiency. Individuals who opt for a career as a computer system analyst support the implementation, modification, and debugging of new systems after they have been installed.

    2 Jobs Available
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