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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.


Hello,


It usually takes 5-7 days for getting confirmation and the registration number through email. However, if you have still not received any confirmation, I highly recommend you to connect with the support team or the concerned authority regarding this because there might have been some technical issue with the website and it's best to connect with the support team to get the best solution.


Hope this helps,

Thank you

Hello Aspirant,

Hope you are doing well. If you fail the CMA Foundation Exam and are attempting it again you must register for the exam and pay the exam fee again. As long as you retake the exam within the 3 year period, you don't have to pay the program entrance fee again. You only need to retake the exam part that was not cleared.

All the best!

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!


Hi Candidate,

In order to know about your exam center, you can do the following;

  • Observe at your admit card. There should be mentioned about your exam centre location.
  • If it is not mentioned, then there might be some portal in organization website. Login to your portal and observe if there is an option to locate your exam centre.
  • If not, I strongly suggest you to contact the organization helpline as it might be a bug for your admit card. You can also ask your friends if they are facing the same issue.

Once the exam centre is located, I suggest you to visit your exam centre at most a day before the examination. It will help you to save time during the exam.

Thank you!

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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
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
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
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
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
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
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
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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