CMA Intermediate Complete Guide

This E-book provides complete details of ICMAI CMA including the three stages of CMA, their eligibility criteria, admission process, syllabus, fee structure, and career options.

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About CMA Intermediate 2024

The Institute of Cost Management Accountants of India (ICMAI) has opened the CMA Intermediate registration June 2024. Interested applicants can register for the CMA Inter June 2024 exams till January 31, 2024. The CMA Inter June 2024 exam form can be filled till April 10. Candidates can apply online by visiting the official website - icmai.in.

ICMAI will conduct CMA Inter June 2024 exams from June 11 to 18, 2024. Candidates who had registered for the programme will have to fill out the CMA exam form June 2024 and submit the examination fee. Candidates who register for the examination got their CMA Intermediate 2024 admit card around 10 days before the examination.

ICSI signs MoU with ICMAI

The Institute of Company Secretaries of India has signed a Memorandum of Understanding (MoU) with the Institute of Cost and Management Accountants of India for reciprocal exemption of papers to each other's students.

Exemption to CAT Pass out Students for pursuing CMA Course

The ICMAI has announced an exemption for CAT pass-out candidates under CMA Intermediate Course syllabus course. As per the recent notification, such candidates are now exempted from appearing in the Business Laws and Ethics (BLE) paper of CMA Intermediate.

What is the CMA Intermediate Exam?

The CMA Intermediate exam is the second level of the Certified Management Accountant course and is divided into two groups- Group 1 and Group 2. Candidates while filling out the CMA Intermediate exam form have the option to appear in any of these or both groups in a single sitting.

CMA Intermediate Exam Pattern

As per the CMA Inter paper pattern , the CMA Intermediate exam is conducted twice a year - in June and in December. Candidates can register and fill the exam form in any session at their convenience. There are a total of 8 papers in CMA Intermediate exam.

Group 1Group 2
Financial Accounting (P-05)Operations Management & Strategic Management (P-09)
Laws & Ethics (P-06)Cost & Management Accounting and Financial Management (P-10)
Direct Taxation (P-07)Indirect Taxation (P-11)
Cost Accounting (P-08)Company Accounts & Audit (P-12)

CMA Intermediate Qualifying Marks

To qualify the CMA Intermediate exam, candidates need to secure a minimum of 40% marks in each paper and a total aggregate of 50% of marks in all the papers. The CMA Intermediate result is declared after 30 days of the completion of the examination.

CMA Intermediate 2024 Highlights

Full Exam NameCMA Intermediate
Conducting BodyTHE INSTITUTE OF COST ACCOUNTANTS OF INDIA
Frequency of Conduct2 times a year
Exam LevelNational Level Exam
LanguagesEnglish, Hindi
Mode of ApplicationOnline
Mode of ExamOffline
Exam Duration3 Hours

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CMA Intermediate 2024 Important Dates

Upcoming Dates and Events

11 Jun, 2024

Exam - June session- Business Laws and Ethics (P-05) | Mode: Online

12 Jun, 2024

Exam - June session- Operations Management and Strategic Management (P-09) | Mode: Online

13 Jun, 2024

Exam - June session- Financial Accounting (P-06) | Mode: Online

14 Jun, 2024

Exam - June session- Corporate Accounting and Auditing (P-10) | Mode: Online

15 Jun, 2024

Exam - June session- Direct and Indirect Taxation (P-07) | Mode: Online

16 Jun, 2024

Exam - June session- Financial Management and Business Data Analytics (P-11) | Mode: Online

17 Jun, 2024

Exam - June session- Cost Accounting (P-08) | Mode: Online

18 Jun, 2024

Exam - June session- Management Accounting (P-12) | Mode: Online

23 Aug, 2024

Result - June session | Mode: Online

Past Dates and Events

20 Apr, 2024

Application Correction - June session- last date | Mode: Online

11 Apr, 2024 - 17 Apr, 2024

Late Fee Application - June session last date (with late fee of Rs.500/-) | Mode: Online

10 Apr, 2024

Application - June session- last date | Mode: Online

Applications for Admissions are open.

Apply to Shiv Nadar University, Chennai Admissions 2024

Before filling the CMA Intermediate application form, candidates should go through the eligibility criteria. Details related to the educational qualification required, qualifying marks, and nationality are provided officially by ICMAI on its official website. Given below eligibility criteria can be checked by candidates before registering for the CMA Intermediate course-

  • Passed Senior Secondary School Examination (10+2) and CMA Foundation Course of the Institute of Cost Accountants of India

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

Mode of Application : Online

Mode of Payment : Net Banking | Credit Card | Debit Card | BHIM | Other

The exam form of CMA Inter June 2024 can be filled till April 10, 2024. Candidates can apply online through the official website - icmai.in to fill the exam form. Registration for CMA Intermediate course is open throughout the year however, candidates need to track the registration cutoff dates before filling the application form. CMA registration for June 2024 session is open till January 31, 2024.

Candidates can apply for the CMA Intermediate course using any of the two options-

Option 1 - Apply through the CMA Foundation course

Option 2 - Direct entry route

Mode of CMA Intermediate Registration 2024

There are two modes to register for CMA Intermediate exams:

  • Oral

  • Postal (E-learning)

Steps to apply for CMA Intermediate course

Step 1 - Go to the official website of ICMAI - icmai.in

Step 2 - Click on the link “Students" given on the menubar and then the "Admission” option visible on the menu bar. This will redirect you to the admission page of ICMAI.

Step 3 - Select the "Online Admission" option and proceed to fill the form

Step 4 - Enter the details, upload documents and pay the application fees

Step 5 - Save the confirmation receipt for future reference

Registration Fees 2024

Oral

Postal

Option I (Without instalment)

Option II (With Installment)


Option I (Without instalment)

Option II (With Installment)

Rs. 23100

Rs. 12000

Rs. 11100

Rs. 23100

Rs. 12000

Rs. 11100

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Financial accounting (FAC)-accounting basics-

Financial accounting (FAC)-accounting basics: Unit 01
Fundamentals of accounting
Accounting-meaning, scope and significance of accounting, accounting principles, concepts and conventions, capital and revenue transactions, depreciation, rectification of errors
Financial accounting (FAC)-accounting basics: Unit 02
Accounting for special transactions
Bill of exchange, consignment, joint venture, insurance claims (loss of stock and loss of profit)

Financial accounting (FAC)-preparation of financial statements+

Financial accounting (FAC)-preparation of financial statements: Unit 01
Preparation of final accounts of profit oriented organizations, non-profit organizations and from incomplete records
Preparation of financial statements of profit oriented organizations: P and L account, balance sheet
Preparation of financial statements of non-profit making organizations: Preparation of receipts and payments account, income and expenditure account and balance sheet
Preparation of financial statements from incomplete records (single entry)
Financial accounting (FAC)-preparation of financial statements: Unit 02
Partnership accounts
Admission, retirement, death, treatment of joint life policy, dissolution of partnership firms including piecemeal distribution, amalgamation of partnership firms, conversion of partnership firm into a company and sale of partnership firm to a company

Financial accounting (FAC)-self balancing ledgers, royalties, hire purchase and installment system, branch and departmental accounts+

Financial accounting (FAC)-self balancing ledgers, royalties, hire purchase and installment system, branch and departmental accounts: Unit 01
Self-balancing ledger
Financial accounting (FAC)-self balancing ledgers, royalties, hire purchase and installment system, branch and departmental accounts: Unit 02
Royalty accounts, hire purchase, and installment system
Financial accounting (FAC)-self balancing ledgers, royalties, hire purchase and installment system, branch and departmental accounts: Unit 03
Branch and departmental accounts

Financial accounting (FAC)-accounting in computerized environment and accounting standards+

Financial accounting (FAC)-accounting in computerized environment and accounting standards: Unit 01
Computerized accounting system
Features, significance, grouping of accounts, ledger hierarchy, accounting packages, and their selection criteria
Financial accounting (FAC)-accounting in computerized environment and accounting standards: Unit 02
Accounting standards

Laws and ethics (LNE)-commercial laws+

Laws and ethics (LNE)-commercial laws: Unit 01
Indian contracts act, 1872
Essential elements of a contract, offer and acceptance
Void and voidable agreements
Consideration
Legality of object
E-contracts
Constraints to enforce contractual obligations
Quasi-contracts, contingent contracts, termination or discharge of contracts
Special contracts: Indemnity and guarantee; bailment and pledge; laws of agency
Laws and ethics (LNE)-commercial laws: Unit 02
Sale of goods act, 1930
Definition
Transfer of ownership
Conditions and warranties
Performance of the contract of sale
Rights of unpaid vendor
Auction sales
Laws and ethics (LNE)-commercial laws: Unit 03
Negotiable instruments act, 1881
Definition and features of negotiable instrument
Crossing, endorsement, and material alteration
Acceptance, assignment, and negotiation
Rights and liabilities of parties
Dishonor of a negotiable instrument
Laws and ethics (LNE)-commercial laws: Unit 04
Indian partnership act, 1932
Nature of partnership
Rights and liabilities of partners
Formation, reconstitution, and dissolution of firms
Laws and ethics (LNE)-commercial laws: Unit 05
Limited liability partnership act, 2008
Concept, formation, membership, functioning
Dissolution

Laws and ethics (LNE)-industrial laws: Objects, scope, and applicability of the following acts+

Laws and ethics (LNE)-industrial laws: Objects, scope, and applicability of the following acts: Unit 01
Factories act, 1948
Laws and ethics (LNE)-industrial laws: Objects, scope, and applicability of the following acts: Unit 02
Payment of gratuity act, 1972
Laws and ethics (LNE)-industrial laws: Objects, scope, and applicability of the following acts: Unit 03
Employees provident fund act, 1952
Laws and ethics (LNE)-industrial laws: Objects, scope, and applicability of the following acts: Unit 04
Employees state insurance act, 1948
Laws and ethics (LNE)-industrial laws: Objects, scope, and applicability of the following acts: Unit 05
Payment of bonus act, 1965
Laws and ethics (LNE)-industrial laws: Objects, scope, and applicability of the following acts: Unit 06
Minimum wages act, 1948
Laws and ethics (LNE)-industrial laws: Objects, scope, and applicability of the following acts: Unit 07
Payment of wages act, 1936
Laws and ethics (LNE)-industrial laws: Objects, scope, and applicability of the following acts: Unit 08
Pension fund regulatory and development authority act, 2013

Laws and ethics (LNE)-corporate laws+

Laws and ethics (LNE)-corporate laws: Unit 01
Companies act, 2013
Company types, promotion, formation and related procedures i.e., sec 1 to sec 122 of companies act, 2013
Director-role, responsibilities, qualification, disqualification, appointment, retirement, resignation, removal, remuneration and powers, directors identification number

Laws and ethics (LNE)-ethics+

Laws and ethics (LNE)-ethics: Unit 01
Business ethics
Ethics-meaning, importance, nature, and relevance to business
Values and attitudes of professional accountants
Seven principles of public life-selflessness, integrity, objectivity, accountability, openness, honesty, and leadership
Ethics in business

Direct taxation (DTX)-income tax act basics+

Direct taxation (DTX)-income tax act basics: Unit 01
Introduction to income tax act, 1961
Constitutional validity
Basic concepts and definitions
Capital and revenue receipts
Basis of charge and scope of total income
Residential status and incidence of tax (excluding section 9A)
Direct taxation (DTX)-income tax act basics: Unit 02
Incomes which do not form part of total income (section 10, 11 to 13A)

Direct taxation (DTX)-heads of income and computation of total income and tax liability+

Direct taxation (DTX)-heads of income and computation of total income and tax liability: Unit 01
Heads of income and computation of total income under various heads
Salaries
Income from house property
Profits and gains of business or profession (excluding sections 42 to 44DB but including sections 43A, 43B, 43AA, 44AB, 44AD, 44ADA, and 44AE)
Capital gains
Income from other sources
Direct taxation (DTX)-heads of income and computation of total income and tax liability: Unit 02
Clubbing provisions, set off and carry forward of losses, deductions
Income of other persons included in assessee’s total income
Aggregation of income and set off and carry forward of losses
Deductions in computing total income
Rebates and reliefs
Applicable rates of tax and tax liability
Direct taxation (DTX)-heads of income and computation of total income and tax liability: Unit 03
Assessment of income and tax liability of different persons
Taxation of individual (including amount but excluding non-resident)
Hindu undivided family (HUF)
Firms, LLP and association of persons
Co-operatives societies

Direct taxation (DTX)-tax management, administrative procedure and ICDS+

Direct taxation (DTX)-tax management, administrative procedure and ICDS: Unit 01
TDS, TCS, and advance tax
Tax deduction at source (excluding sections relevant to non-residents)
Tax collected at source
Advance tax
Direct taxation (DTX)-tax management, administrative procedure and ICDS: Unit 02
Administrative procedures
Return and PAN
Intimation
Brief concepts of assessment u/s 140A, 143, and 144
Direct taxation (DTX)-tax management, administrative procedure and ICDS: Unit 03
ICDS
Basic concepts of ICDS

Cost accounting (CAC)-introduction to cost accounting+

Cost accounting (CAC)-introduction to cost accounting: Unit 01
Introduction to cost accounting
Definition, scope, objectives and significance of cost accounting, its relationship with financial accounting and management accounting
Cost objects, cost centers, and cost units
Elements of cost
Classification of costs
Cost accounting (CAC)-introduction to cost accounting: Unit 02
Cost ascertainment-elements of cost
Material costs: (i) Procurement of materials, (ii) inventory management and control, (iii) inventory accounting and valuation, (iv) physical verification, treatment of losses, (v) scrap, spoilage, defectives, and wastage
Employee costs: (i) Time keeping, time booking, and payroll, (ii) labour turnover, overtime, and idle time, (iii) principles and methods of remuneration and incentive schemes, (iv) employee cost reporting and measurement of efficiency
Direct expenses
Overheads: (i) Collection, classification and apportionment and allocation of overheads, (ii) absorption and treatment of over or under absorption of overheads, (iii) reporting of overhead costs
Cost accounting (CAC)-introduction to cost accounting: Unit 03
Cost accounting standards (basic understanding only) (CAS 1 to CAS 24)
Cost accounting (CAC)-introduction to cost accounting: Unit 04
Cost bookkeeping
Cost accounting records, ledgers, and cost statements
Items excluded from cost and normal and abnormal items/ cost
Integral accounts
Reconciliation of cost accounting records with financial accounts
Infrastructure, educational, healthcare, and port services

Cost accounting (CAC)-methods of costing+

Cost accounting (CAC)-methods of costing: Unit 01
Methods of costing
Job costing
Batch costing
Contract costing
Process costing-normal and abnormal losses, equivalent production, joint and by products
Operating costing or service costing-transport, hotel, and hospital

Cost accounting (CAC)-cost accounting techniques+

Cost accounting (CAC)-cost accounting techniques: Unit 01
Cost accounting techniques (basic understanding only)
Marginal costing: (i) Meaning of marginal cost and marginal costing, (ii) absorption costing vs marginal costing, (iii) break-even analysis, (iv) margin of safety, (v) application of marginal costing for decision making (simple problems only)
Standard costing and variance analysis: (i) Concept of standard cost and standard costing, (ii) advantages and limitations, (iii) computation of variance relating to material and labour costs only
Budget and budgetary control (simple problems only): (i) Concepts, types of budgets, (ii) budgetary control vs. standard costing, (iii) advantages and limitations, (iv) preparation of budgets (simple problems only)

Operations management and strategic management (OMSM)-operations management+

Operations management and strategic management (OMSM)-operations management: Unit 01
Operations management introduction
Scope, characteristics of modern operations functions-recent trends in production/ operations management
Operations management and strategic management (OMSM)-operations management: Unit 02
Operations planning
Demand forecasting, capacity planning, capacity requirement planning, facility location, facility layout, resource aggregate planning, material requirements planning, manufacturing resource planning, economic batch quantity
Operations management and strategic management (OMSM)-operations management: Unit 03
Designing of operational systems and control
Product design, process design-selection, product life cycle, process planning, process selection
Operations management and strategic management (OMSM)-operations management: Unit 04
Production planning and control
Introduction, control measures, time study, work study, method study, job evaluation, job allocation (assignment technique), scheduling queuing models, simulation and line balancing, optimum allocation of resources, lean operations, JIT
Transportation model and linear programming technique (formulation of equations only)
Operations management and strategic management (OMSM)-operations management: Unit 05
Productivity management and quality management
Measurement techniques of productivity index, productivity of employee, productivity of materials, productivity of management resources, productivity of other factors-productivity improving methods, TQM basic tools and certification, ISO standards basics
Operations management and strategic management (OMSM)-operations management: Unit 06
Project management
Project planning, project life cycle, Gantt charts, PERT, and CPM
Operations management and strategic management (OMSM)-operations management: Unit 07
Economics of maintenance and spares management
Break down maintenance, preventive maintenance, routine maintenance, replacement of machine, spare parts management

Operations management and strategic management (OMSM)-strategic management+

Operations management and strategic management (OMSM)-strategic management: Unit 01
Strategic management introduction
Vision-mission and objective
Operations management and strategic management (OMSM)-strategic management: Unit 02
Strategic analysis and strategic planning
Situational analysis, SWOT analysis, portfolio analysis, BCG matrices, stages in strategic planning, alternatives in strategic planning
Operations management and strategic management (OMSM)-strategic management: Unit 03
Formulation and implementation of strategy
Strategy formulation function wise (production strategy, marketing strategy, manpower strategy), structuring of organisation for implementation of strategy, strategic business unit, business process re-engineering

Cost and management accounting and financial management (CMFM)-cost and management accounting+

Cost and management accounting and financial management (CMFM)-cost and management accounting: Unit 01
Cost and management accounting
Introduction to management accounting-relationship between management accounting and cost accounting
Cost and management accounting and financial management (CMFM)-cost and management accounting: Unit 02
Decision-making tools
Marginal Costing: Break even analysis and cost-volume-profit analysis; break-even charts and profit charts; differential cost analysis; stock valuation under marginal costing vs absorption costing; applications of marginal costing in decision making
Transfer pricing-determination of inter-departmental or inter-company transfer price
Cost and management accounting and financial management (CMFM)-cost and management accounting: Unit 03
Budgeting and budgetary control
Budgetary control and preparation of functional and master budgeting
Fixed, variable, semi-variable budgets
Zero based budgeting (ZBB)
Cost and management accounting and financial management (CMFM)-cost and management accounting: Unit 04
Standard costing and variance analysis
Computation of variances for each of the elements of costs, sales variances, investigation of variances-valuation of stock under standard costing-uniform costing and inter-firm comparison
Cost and management accounting and financial management (CMFM)-cost and management accounting: Unit 05
Learning curve
Concept of learning curve and its application

Cost and management accounting and financial management (CMFM)-financial management+

Cost and management accounting and financial management (CMFM)-financial management: Unit 01
Introduction to financial management
Meaning, objectives, scope of financial management, sources of finance, introduction to financial markets
Cost and management accounting and financial management (CMFM)-financial management: Unit 02
Tools for financial analysis and planning
Financial ratio analysis, fund flow analysis, cash flow analysis
Cost and management accounting and financial management (CMFM)-financial management: Unit 03
Working capital management
Working capital management, financing of working capital
Cost and management accounting and financial management (CMFM)-financial management: Unit 04
Cost of capital, capital structure theories, dividend decisions and leverage analysis
Meaning of cost of capital, computation of cost of capital, capital structure theories and dividend decisions theories (Walters, MM, Gordon models), leverage analysis
Cost and management accounting and financial management (CMFM)-financial management: Unit 05
Capital budgeting-investment decisions
Concept of capital budgeting, non-discounted and discounted cash flow method, ranking of projects

Indirect taxation (ITX)-canons of taxations, indirect tax GST+

Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 01
Goods and services tax act and rules
Introduction: (i) What is GST, (ii) one nation-one tax, (iii) Dual GST model: (a) Central goods and services tax act, 2017 (CGST), (b) state goods and services tax act, 2017 (SGST), (c) union territory goods and services tax act, 2017 (UTGST)
Introduction: (iii) Dual GST model-(d) integrated goods and services tax act, 2017 (IGST), (iv) goods and services tax network (GSTN): (a) Functions of GSTN (i.e. role assigned to GSTN) constitution (101st amendment) act, 2016 GST council
Introduction: (iv) Goods and services tax network (GSTN)-(b) guiding principle of the GST council, (c) functions of the GST council, (v) definitions under CGST laws
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 02
Levy and collection of tax
Scope of supply (section 7 of CGST act, 2017)
Section 7(1) (a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business
Section 7(1)(b) of CGST act, 2017, import of services for a consideration whether or not in the course or furtherance of business
Section 7(1)(c) of the CGST act, 2017 the activities specified in schedule I, made or agreed to be made without a consideration: (a) permanent transfer/ disposal of business assets, (b) supply between related persons or distinct persons
Section 7(1)(c) of the CGST act, 2017 the activities specified in schedule I, made or agreed to be made without a consideration: (c) Supply to agents or by agents, (d) importation of services
Section 7(1)(d) of the CGST act, 2017, the activities to be treated as supply of goods or supply of services as referred to in schedule II: (a) Renting of immovable property, (b) information technology software
Section 7(1)(d) of the CGST act, 2017, the activities to be treated as supply of goods or supply of services as referred to in schedule II: (c) Transfer of the right to use any goods for any purpose, (d) composite supply
Non-taxable supplies under CGST act, 2017: (a) Section 7(2) (a) activities or transactions specified in schedule III; (b) section 7(2)(b) such activities or transactions undertaken by the central government
Non-taxable supplies under CGST act, 2017: (b) section 7(2)(b) such activities or transactions undertaken a state government or any local authority in which they are engaged as public authorities
Non-taxable supplies under CGST act, 2017: (b) As may be notified by the government on the recommendations of the council
Section 7(3) the transactions that are to be treated as: (a) A supply of goods and not as a supply of services; or, (b) a supply of services and not as a supply of goods. Composite and mixed supplies (section 8 of CGST act, 2017)
Meaning of composite and mixed supplies, composite supply, mixed supply, levy and collection, composition levy, exemption from tax, person liable to pay tax, forward charge, reverse charge
Person who are required to pay tax under section 9(5) of CGST (i.e. electronic commerce operator) act
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 03
Time, value, and place of supply
Time of supply
Place of supply
Value of supply
Change in rate of tax in respect of supply of goods or services
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 04
Input tax credit
Eligibility for taking input tax credit (ITC)
Blocked credits
Method of reversal of credits
Input tax credit in respect of goods sent for job-work
Distribution of credit by input service distributor (ISD)
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 05
Registration under GST law
Persons not liable for registration
Compulsory registration
Concept of distinct persons under GST
Procedure for registration
Deemed registration
Casual taxable person
Non-resident taxable person
Cancellation vs revocation of registration
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 06
Tax invoice, credit and debit notes and other documents under GST
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 07
Accounts, other records
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 08
Payment of tax
Computation of tax liability and payment of tax, interest on delayed payment of tax
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 09
TDS and TCS under GST
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 10
Returns
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 11
Matching concept under GST
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 12
GST audit by professionals
Indirect taxation (ITX)-canons of taxations, indirect tax GST: Unit 13
E-waybills under GST-basics

Indirect taxation (ITX)-customs laws+

Indirect taxation (ITX)-customs laws: Unit 01
Basic concepts
Introduction, definitions, circumstances of levy
Indirect taxation (ITX)-customs laws: Unit 02
Types of duties
Introduction
Types of duties: (a) Basic customs duty, (b) IGST (replacement of CVD and Spl. CVD), (c) protective duties, (d) safeguard duty, (e) countervailing duty on subsidized articles, (f) anti-dumping duty
Indirect taxation (ITX)-customs laws: Unit 03
Valuation under customs
Introduction
Valuation of imported goods
Valuation of export goods
Indirect taxation (ITX)-customs laws: Unit 04
Import and export procedures
Introduction
Import procedures (including warehousing)
Export procedures
Deemed exports
Duty drawback
Indirect taxation (ITX)-customs laws: Unit 05
Customs (import of goods at concessional rate of duty) rules, 2017

Company accounts and audit (CAA)-accounts of joint stock companies+

Company accounts and audit (CAA)-accounts of joint stock companies: Unit 01
Accounting of shares and debentures
Issue of shares, rights issue, bonus issue, sweat equity shares, forfeiture of share, buy-back of shares
Issue and redemption of preference shares, debentures
Underwriting of shares and debentures
Company accounts and audit (CAA)-accounts of joint stock companies: Unit 02
Presentation of financial statements (as per schedule III)
Statement of profit and loss
Balance sheet
Company accounts and audit (CAA)-accounts of joint stock companies: Unit 03
Cash flow statement (AS-3)
Company accounts and audit (CAA)-accounts of joint stock companies: Unit 04
Accounts of banking, electricity, and insurance companies
Accounts of banking company
Accounts of an electricity company
Accounts of insurance company
Company accounts and audit (CAA)-accounts of joint stock companies: Unit 05
Accounting standards (AS-11, 12, 15, 16, 17, 18, and 19)

Company accounts and audit (CAA)-auditing+

Company accounts and audit (CAA)-auditing: Unit 01
Auditing concepts
Nature, scope, and significance of auditing
Audit engagement, audit program, audit working papers, audit note book, audit evidence and audit report
Internal check, internal control, internal audit industry specific
Company accounts and audit (CAA)-auditing: Unit 02
Provision relating to audit under companies act
Auditor’s qualifications, disqualifications, appointment, remuneration, removal, powers, and duties
Cost audit, secretarial audit
Reporting requirements under companies act, report vs certificate, contents of the reports and qualifications in the report
Miscellaneous audit: (i) Branch audit, joint audit, (ii) audit of shares and debentures, (iii) audit of divisible profits and dividends, (iv) statutory auditors vs. internal auditors
Miscellaneous audit: (v) auditing and assurance standards relating to audit of inventories and audit of fixed assets, (vi) auditing of different types of undertaking-education, hospital, co-operative societies, banks, trusts, municipalities, Panchayats
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For preparatory purposes, candidates should refer to the official CMA Intermediate 2024 study material provided by ICMAI. Toppers and experts also suggest future aspirants to refer to the previous year CMA Intermediate question papers to get an overview of the type of questions asked in the exam. Using the question papers as preparatory means, candidates can also devise a proper strategy and develop time management while solving all questions accurately within the given time duration of 3 hours.

ICMAI prescribes the CMA Intermediate exam pattern officially. It is advisable for candidates to carefully check the exam pattern before commencing their preparations for the exam. Details such as mode of the CMA Intermediate exam, type and number of questions asked, number of papers/ groups, exam frequency, medium of exam and related are mentioned under the exam pattern.

Exam Pattern of CMA Intermediate 2024

Particulars

Details

Mode of exam

Offline-centre based

Type of questions

Objective and descriptive

Medium of examEnglish/Hindi
GroupsTwo groups

Maximum marks per paper

100

Number of papers

8

Exam Duration

3 hours per paper

Total Number of questions

120

Marking scheme

No negative marking

The Institute of Cost Accountants of India will release the CMA Inter June 2024 admit card around 10 days before the date of exam. It is an important document which should be carried by candidates on all exam days. Entry to the CMA Intermediate exam centre is restricted without the admit card. Along with the admit card, candidates should mandatorily carry an identity card. ICMAI will not send a hard copy of admit card to any candidate.

How to download CMA intermediate admit card?

Step by step process given below can be followed by candidates to download the CMA Intermediate 2024 exam admit card-

Step 1: Visit the official website of ICMAI - icmai.in

Step 2: Click on the "CMA Intermediate admit card" link

Step 3: Enter your CMA registration number

Step 4: You will be redirected to the admit card page

Step 5: Download and print out the CMA Intermediate admit card for future reference

Details mentioned on CMA Intermediate Admit card 2024

Given below details will be mentioned on the admit card:

  • Candidate’s Name
  • Registration Number
  • Candidate’s Roll Number
  • Photograph
  • Signature
  • Name and code of centre
  • Name and address of the allotted test centre

In case of any discrepancy with the details mentioned in the admit card, candidates should get it corrected immediately.

Documents Required at Exam

  • CMA Intermediate admit card in physical form
  • Government ID Proof such as Aadhaar card/ pan card/ voter ID card

ICMAI will announce the CMA Inter June 2024 result in online mode by August 23, 2024. Candidates will be able to check their CMA Intermediate results 2024 for June session online by logging into their registered account. To check the CMA Intermediate result, candidates need to login using their registered mobile number or email id. ICMAI will also allow candidates to apply for re-evaluation of their answer sheet within 30 days of the declaration of CMA Intermediate Result 2024.

Steps to check CMA Intermediate result 2024

Step 1: Go to the official ICMAI website - icmai.in

Step 2: Click on the link "CMA intermediate result"

Step 3: You will be redirected to another tab; now select your course as "CMA Intermediate" and proceed further

Step 4: Enter your login details such as registration number/ email id

Step 5: The CMA Intermediate 2024 result will appear on the screen; download and save for future reference

CMA Intermediate Passing criteria

To qualify CMA Intermediate 2024 exam, candidates need to score a minimum of 40% marks in each subject and an aggregate of 50% in all papers. Candidates will also be provided with the all-India merit list. Those who pass the CMA Intermediate programme exams will be eligible to register for CMA Final programme.

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Frequently Asked Questions (FAQs)

Question:What does ICMAI releases the CMA Inter result?

Answer:

Candidates can check the CMA Intermediate result after 30 days of conducting the exams.

Question:What is the mode of CMA Intermediate exam 2024?

Answer:

CMA Intermediate exams will be held in an offline-centre-based mode across various Indian exam centres and overseas.

Question:What is the CMA Intermediate exam form fee?

Answer:

Candidates who want to appear in the CMA Intermediate exam need to pay the exam fees as follows;

Group

Fee amount

Overseas
Fee amount

Group 1 or 2

Rs 1200/-

US$90

Both Group 1 and 2

Rs 2400/-

US$90


Question:Is it important to fill the CMA Intermediate exam form even when I have already filled the application form?

Answer:

Both CMA Intermediate application form and exam form are different. Candidates registered under the CMA Intermediate course can appear in the exam only if they have filled the exam form for any particular session.

Question:What is the CMA Intermediate 2024 registration fee?

Answer:

To enrol for the CMA Intermediate exam, candidates need to pay Rs. 23100 as registration fee. This fee can be paid either altogether or in two instalments. Check this page for details.

Question:Can I appear in CMA Intermediate exams without giving CMA Foundation exam?

Answer:

As per the eligibility criteria of the CMA Foundation, you can enrol through any of the two modes-

1. CMA Foundation mode

2. Direct entry mode

Question:When is the last date to register for CMA Intermediate June 2024 session exams?

Answer:

The cut off date to register for the June session CMA Inter 2024 exams is January 31, 2024.

Questions related to CMA Intermediate

1 Million+ Questions answered |Get answers within 24 hours Ask Now
Showing 6 out of 6 Questions
10 Views

cma intermediate group 2 last 10 previous year questians and answers

Lalbee 13th Feb, 2024

Hello Aspirant,

The CMA Intermediate Exam question papers are made available on ICMAI's official website. The CMA Intermediate Question Paper 2023 will be made available soon following the test. The route to success in CMA Intermediate has always been believed to be through the previous year's question papers. Students would be prepared for the ICMAI CMA Intermediate 2023 test by completing them.

You can refer the below link for more details and downloading previous year question papers:

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

ALL THE BEST

14 Views

what us mean by cma exam? cma exam is usefull for our life feature

shivamtrivedi0005 13th Oct, 2023

Hello aspirant,

Certified Management Accountants is what CMA stands for. The Association of Accountants and Financial Professionals in Business awards the CMA certification in accounting and finance. Candidates must first register as an IMA member in order to be eligible for the CMA 2023 certification. In CMA, there are two sections. The CMA Part 1 and Part 2 tests must be taken by candidates in any sequence. US CMA testing takes place in three windows: January/February, May/June, and September/October.

To know complete information, please visit the following link:

https://finance.careers360.com/articles/us-cma

Thank you

Hope it helps you.

165 Views

I want admission in CMA intermediate

Aastha Jain 23rd Jun, 2022

Hello

A student passed 10+12 from recognize board can easily get admission in CMA. you can check more detail here https://icmai.in/studentswebsite/Admission.php

1047 Views

as i have cleared my cma foundation in jan 2022 so can i give cma inter in dec 2022

Nisha 22nd Jan, 2022

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

230 Views

Kya Cma me admission lene ke liye fees pura paid krna hoga ya Jan last tak mai 1st installemt paid krne ke bad feb last tak 2nd installment paid kr sakta hu for june exam.

Lisa 16th Jan, 2022

Fees can either be paid full or in installments, but installments can only be given for three terms with January being the last term and the deadline for the June exam. You can pay in installments from October and pay 1st installment in October, 2nd in November and 3rd in December.

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