CMA Intermediate Syllabus 2021
CMA Intermediate Syllabus 2021- The Institute of Cost Accountants of India (ICMAI) releases the syllabus for CMA intermediate 2021 on their official website. The Syllabus 2016 is being followed currently for all the CMA intermediate 2021 exams. CMA Intermediate 2021 syllabus consists of 8 main subjects for Group 1 and Group 2 of the exam. All the topics of the syllabus for CMA intermediate 2021 are asked in the main examination. The syllabus for CMA intermediate 2021 includes topics related to finance, taxation, costs accounting etc. Each section of the broader topics of the CMA Intermediate syllabus Is weighted differently. So it is necessary to prepare all the CMA Intermediate Syllabus 2021 topics thoroughly to score well in the exams. For more information about the details of the CMA Intermediate 2021 syllabus, check the complete article.

Syllabus 2016 for CMA intermediate 2021
The details of syllabus 2016 are tabulated below. These topics are divided as per their papers and sections. Each section is allotted a different weightage.
CMA intermediate syllabus 2021: Group 1
Paper 5: Financial Accounting (FAC) | ||
Section A- Accounting – Basics | Fundamentals of Accounting | 25% |
Accounting for Special Transactions | ||
Section B- Preparation of Financial Statements | Preparation of Final Accounts of Profit Oriented organizations and Non-Profit Organizations | 40% |
Partnership Accounts | ||
Section C- Self Balancing of Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts | Self-Balancing Ledgers | 20% |
Royalties, Hire-Purchase and Installment System | ||
Branch and Departmental Accounts | ||
Section D- Accounting in Computerised Environment and Standards | Overview of Computerised Accounting | 15% |
Accounting Standards (Specified only) | ||
Paper 6: Laws and Ethics | ||
Section A- Commercial Laws | Laws of Contracts (Advanced level) | 30% |
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 | 25% |
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 | 35% |
Section D- Ethics | Business Ethics | 10% |
Paper 7- Direct Taxation (DTX) | ||
Section A- Income Tax Act Basics 10% | Introduction to Income Tax Act, 1961 | 10% |
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 | 70% |
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 | 20% |
Administrative Procedures | ||
Income Computation and Disclosure Standards – (ICDS) | ||
Paper 8- Cost Accounting (CA) | ||
Section A- Introduction to Cost Accounting | Cost Ascertainment – Elements of Cost | 40% |
Cost Accounting Standards | ||
Cost Bookkeeping | ||
Methods of Costing | 30% | |
Cost Accounting Techniques | Marginal Costing | 30% |
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 | 15% |
Operations Planning | ||
Designing of Operational Systems and Control | 35% | |
Production Planning and Control | ||
Productivity Management and quality management | ||
Project Management | 20% | |
Economics of Maintenance and spares management | ||
Section B- Strategic Management | Strategic Management Introduction | 30% |
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 | 50% |
Decision Making Tools | ||
Budgeting and Budgetary Control | ||
Standard Costing and Variance Analysis | ||
Learning Curve | ||
Section B- Financial Management | Introduction to Financial Management | 50% |
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 | 80% | |
Section B- Customs Laws | Basic Concepts | 20% |
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 | 25% |
Presentation of Financial Statements | ||
Cash Flow Statement | ||
Section B- Auditing (50%) | Accounts of Banking, Electricity and Insurance Companies | 25% |
Accounting Standards |
CMA Intermediate Exam Pattern 2021
CMA intermediate exam 2021 will consist of 12 marks that weigh 100 marks each. Along with the syllabus for CMA intermediate 2021, it is important to know the exam pattern as it helps you to prepare well for the main exam. The exam pattern consists of important details such as several questions, duration of the exam and the mode of exam.
The exam pattern is tabulated below:
Exam pattern for CMA intermediate 2021
Mode of exam | 60% objective, 40% subjective |
Number of papers | 8 |
Maximum marks/paper | 100 |
Total duration | 3 hours |
Medium of exam | English |
CMA Intermediate Study Material 2021
Candidates can access the CMA intermediate study material 20221 on the official ICMAI website. The paper wise study material is an effective tool to score well in the CMA intermediate exam 2021. The CMA study material is available in pdf form based on the 2016 syllabus. The official website is the most reliable resource for accessing CMA inter-study material. Apart from study material, ICMAi also provides sample papers and mock tests.
Other related Links:
Frequently Asked Question (FAQs) - CMA Intermediate Syllabus 2021
Question: What are the main subjects in CMA intermediate syllabus 2021 group 1?
Answer:
The main subjects in CMA inter syllabus 2021 include Financial Accounting, Laws & Ethics, Direct Taxation and Cost Accounting.
Question: What is the weightage of each paper in the CMA intermediate exam 2021?
Answer:
The weightage of each paper in the CMA inter exam is 100.
Question: Does the CMA intermediate exam 2021 have is divided into two groups of exams?
Answer:
Yes, the CMA intermediate exam is divided into two groups, Group 1 and Group 2.
Question: Is the study material for CMA intermediate exam 2021 available on the official website?
Answer:
Yes, the study material is available on the official ICMAI website.