CMA Intermediate Exam Pattern 2021
CMA Intermediate exam pattern 2021- The Institute of Cost Accountants of India has mentioned the exam pattern for CMA intermediate on its official website. Candidates are advised to be thorough with the exam pattern of CMA Intermediate 2021 as it will help in preparing a study strategy for CA exam 2021. CMA Intermediate exam 2021 will be conducted in centre-based or home-based online mode. As per the CMA 2021 Exam pattern, there will be two groups of exams for CMA intermediate 2021. Each group of CMA intermediate exams will consist of 4 papers each. It is recommended to prepare the CMA intermediate syllabus and the topic-wise weightage along with the CMA 2021 intermediate exam pattern. For more information on the CMA intermediate exam pattern 2021, topic-wise weightage of CMA intermediate syllabus and other important aspects, check out the complete article.
Salient Features CMA intermediate Exam pattern 2021?
Starting from the December session, the CMA inter exam will be conducted in an online mode. It is important to know the salient features of the exam pattern for 2021 sessions to be conducted in June and December 2021. The features of CMA intermediate exam pattern are:
Each paper of Group I and Group II of CMA 2021 intermediate exam pattern
will be worth 100 marks respectively.
The exam duration for the CMA inter exam will be 3 hours.
It is important to prepare according to the CMA intermediate exam pattern.
The exam pattern for CMA 2021 intermediate exam is tabulated in the table below:
CMA Intermediate Exam Pattern 2021
Mode of exam
Type of exam
Objective and descriptive
Marks per paper
Number of papers
Duration of exam
3 hours per paper
Total Number of questions
No negative marking
CMA Intermediate exam pattern 2021- Topic wise Weightage
The 100 marks of each CMA intermediate exam paper are divided for each Section. The higher weighted sections of the CMA intermediate syllabus should be given more importance during studies and time should be divided accordingly.
CMA intermediate syllabus 2021: Group 1
Paper 5: Financial Accounting (FAC)
Section A- Accounting – Basics
Fundamentals of Accounting
Accounting for Special Transactions
Section B- Preparation of Financial Statements
Preparation of Final Accounts of Profit Oriented organizations and Non-Profit Organizations
Section C- Self Balancing of Ledgers, Royalties, Hire Purchase & Installment System, Branch &
Royalties, Hire-Purchase and Installment System
Branch and Departmental Accounts
Section D- Accounting in Computerised Environment and Standards
Overview of Computerised Accounting
Accounting Standards (Specified only)
Paper 6: Laws and Ethics
Section A- Commercial Laws
Laws of Contracts (Advanced level)
Laws relating to Sale of Goods (Advanced level)
Negotiable Instruments Act,1881 (Advanced Level)
Indian Partnership Act, 1932
Indian Partnership Act, 1932
Section B- Industrial Laws
Factories Act, 1948
Payment of Gratuity Act, 1972
Employees Provident Fund and Miscellaneous Provisions Act, 1952
.Employees State Insurance Act, 1948
Payment of Bonus Act, 1965
Minimum Wages Act, 1948
Payment of Wages Act, 1936
Pension Fund Regulatory and Development Authority Act, 2013
Section C- Corporate Law
Companies Act, 2013
Section D- Ethics
Paper 7- Direct Taxation (DTX)
Section A- Income Tax Act Basics 10%
Introduction to Income Tax Act, 1961
Income is not part of Total Income
Section B- Head of Income, Computation of Total Income and Tax
Heads of Income and Computation of Total Income
Clubbing Provisions and the Set-off and Carry forward of Losses
Assessment of Income and tax liability of different people
Section C- Tax Management, Administrative Procedures and ICDS
TDS, TCS and Advance Tax
Income Computation and Disclosure Standards – (ICDS)
Paper 8- Cost Accounting (CA)
Section A- Introduction to Cost Accounting
Cost Ascertainment – Elements of Cost
Cost Accounting Standards
Methods of Costing
Cost Accounting Techniques
Standard Costing & Variance Analysis
Budget and Budgetary Control (simple problems only)
CMA intermediate syllabus 2021: Group 2
Paper 9- Operation Management & Strategic management (OMSM)
Section A- Operations Management (70%)
Operations Management – Introduction
Designing of Operational Systems and Control
Production Planning and Control
Productivity Management and quality management
Economics of Maintenance and spares management
Section B- Strategic Management
Strategic Management Introduction
Strategic Analysis and Strategic Planning
Formulation and Implementation of Strategy
Paper 10- Cost and Management Accounting, Financial Management
Section A- Cost, Management Accounting and Financial Management
Cost and Management Accounting – Introduction
Decision Making Tools
Budgeting and Budgetary Control
Standard Costing and Variance Analysis
Section B- Financial Management
Introduction to Financial Management
Tools for Financial Analysis and Planning
Working Capital Management
Cost of Capital, Capital Structure Theories, Dividend Decisions
Capital Budgeting – Investment Decisions
Paper 11- Indirect Taxation (ITX)
Section A- Cannons of Taxations – Indirect Tax GST
Section B- Customs Laws
Types of Duties
Valuation under Customs
Import and Export Procedure
Customs Rules, 2017
Paper 12- Company Accounts and Audit (CAA)
Section A- Accounts of Joint Stock Companies (50%)
Accounting of Shares and Debentures
Presentation of Financial Statements
Cash Flow Statement
Section B- Auditing (50%)
Accounts of Banking, Electricity and Insurance Companies
CMA intermediate Syllabus 2021
The 2016 syllabus will be followed for the CMA intermediate exam 2021. The detailed syllabus is already available on the official ICMAI website. The detailed syllabus consists of all the topics, sections, weightage given to each topic. The sections with more weightage will have more questions based on them. Hence it will be necessary to prepare those thoroughly along with having an understanding of the CMA intermediate exam pattern.
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Frequently Asked Question (FAQs) - CMA Intermediate Exam Pattern 2021
Question: Will there be any negative marking in CMA intermediate 2021?
No, there is no negative marking in any paper of CMA intermediate 2021.
Question: How many papers are there in the CMA Inter exam?
CMA intermediate 2021 exam consists of 8 papers.
Question: What are the maximum marks in each paper of CMA intermediate 2021?
The CMA intermediate exam 2021 has 100 marks for each paper.
Question: What will be the total duration of each CMA inter examination?
CMA Inter 2021 exam has a total time of 3 hours for each paper.
Question: What is the language medium for CMA inter exam 2021?
Candidates can give the CMA intermediate exam in English medium.