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Education

CMA Course 2023: Details, Duration, Application, Eligibility, Syllabus, Jobs & More

Cost and Management Accounting is a certification course offered by the ICMAI. It is a very popular course among commerce students in 2023 as it opens doorway to top level management positions and higher salary. Read more about the course below.

Last updated: 2023/01/13 at 11:12 AM
Shagun
8 Min Read
CMA Course Details, Duration, Syllabus, Eligibility & Jobs
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The full form of CMA is Cost and Management Accounting. CMA is a certificate program offered by the Institute of Cost and Management Accountants of India (ICMAI). The CMA course is gaining huge popularity among commerce students who want to pursue their career in the field of Cost and Management Accounting.

Contents
Course DetailsCourse DurationApplication FeesEligibility CriteriaSyllabusCareer Opportunities & Job ProfilesTop EmployersCMA Course FAQ’s

The Institute of Cost and Management Accountants of India (ICMAI) is the regulatory body of CMA that invites registration forms, conducts exams, and manages the syllabus & pattern of the CMA course in India.

CMA course is one of the highly popular courses among commerce students as this course opens the doors of career opportunities in the field of finance in India and abroad. Also, this course is the gateway to landing top-level management jobs with high-paying salaries and career growth.

Course Details

The CMA course in India is divided into 3 levels

  • Level 1 –  Foundation Course
  • Level 2 – Intermediate Course
  • Level 3 – Final Course

These are the 3-levels of the CMA or Cost & Management Accounting course, which takes place in the form of an examination and candidates have to clear each and every level of exam to complete the CMA course.

Though, the student can join either the Foundation level or get directly into the Intermediate level based on your eligibility.

Candidates have to first enroll for the CMA Foundation course by registering on the ICMAI official website which is the website https://icmai.in/. Admission to the foundation course for the ICAI course is open throughout the year However, Students who desire to appear for June Term Examination should apply before 31st January 2023 and for December Term Examination should apply before 31st July 2023.

Course Duration

The CMA course comprises three stages and 20 subjects. Depending on your capacity and level of dedication, you can complete the course from 3 to 4 years.

There is no fixed course duration for CMA, you can complete the course minimum in 6 months to 3-4 years. Candidates can qualify the levels as per their ability, dedication, and hard work. Generally, students take 3 years to complete the course.

Application Fees

CMA Course Registration Fees is given below:

ExamCourse Fee
Foundation CourseRs. 6000
Intermediate Course Rs. 23100
Final Course Rs. 25000

The above-provided registration fee is common and remains the same for all categories of candidates.

Eligibility Criteria

Let’s discuss the eligibility criteria for the CMA course

Foundation Course: Candidates must have passed 10+2 or equivalent examinations from a recognized board of school education

or

Candidates must have qualified commerce examination from Qualified National Diploma by AICTE or State Board of Technical Education.

Intermediate Course: Candidates must have passed 10+2 or equivalent examinations from a recognized board of school education and foundation course of the Institute of Cost Accountants of India or passed 10+2 and graduated in any discipline other than Fine Arts. Or, Candidates must have cleared the CA foundation exam or intermediate exam of CA.

Final Course: Candidates must have passed the Intermediate course of the Institute and completed 15 months of practical training. 

Syllabus

CMA course comprises 20 subjects that candidates are required to qualify in three levels. The level-wise CMA syllabus is given below:

CMA Foundation Syllabus

Paper 1Fundamentals of Business Laws and Business Communication (FBLC)
Paper 2Fundamentals of Financial and Cost Accounting (FFCA)
Paper 3Fundamentals of Business Mathematics and Statistics (FBMS)
Paper 4Fundamentals of Business Economics and Management (FBEM)
CMA Foundation Syllabus

CMA Intermediate Syllabus

Group – IPaper 5Business Laws and Ethics (BLE)
 Paper 6Financial Accounting (FA)
 Paper 7Direct and Indirect Taxation (DITX)
 Paper 8Cost Accounting (CA)
Group – IIPaper 9Operations Management and Strategic Management (OMSM)
 Paper 10Corporate Accounting and Auditing (CAA)
 Paper 11Financial Management and Business Data Analytics (FMDA)
 Paper 12Management Accounting (MA)
CMA Intermediate Syllabus

CMA Final Syllabus

Group – IIIPaper 13Corporate and Economic Laws (CEL)
 Paper 14Strategic Financial Management (SFM)
 Paper 15Direct Tax Laws and International Taxation (DIT)
 Paper 16Strategic Cost Management (SCM)
Group – IVPaper 17Cost and Management Audit (CMAD)
 Paper 18Corporate Financial Reporting (CFR)
 Paper 19Indirect Tax Laws and Practice (ITLP)
ElectivesPaper 20 AStrategic Performance Management and Business Valuation (SPMBV)
 Paper 20 BRisk Management in Banking and Insurance (RMBI)
 Paper 20 CEntrepreneurship and Start-up (ENTS)
CMA Final Syllabus

Career Opportunities & Job Profiles

After completion of the course, you can work as a certified CMA in companies and earn quite a handsome salary. You can start your career with 6-7 LPA, and with some experience, you can easily earn around 12- 18 LPA. 

Job Profiles

Chief Financial Officer (CFO), Financial Analyst, Financial Controller, Chief Investment Officer are the top job profiles after CMA.

Top Employers

CMA-certified candidates are employed in every organization be it private or public sector undertakings. Some of the renowned companies where CMA can work are:

  • Caterpillar
  • Bank of America
  • Microsoft
  • Verizon
  • Johnson & Johnson
  • Hewlett-Packard
  • AT&T
  • 3M
  • Saudi Aramco

This article consists of all important details regarding Cost and Management Accounting or CMA. Candidates should check all the details carefully and then proceed with the registration process.

CMA Course FAQ’s

What is CMA full form?

CMA stands for Certified Management Accounting. It is a certificate program offered by the Institute of Cost and Management Accountants of India (ICMAI)

What is the annual salary range after completing CMA in India?

The annual salary range after completing CMA in India can go around 2.5LPA-30LPA.

What is the duration to complete CMA?

It takes 3 years to complete CMA.

How many exams do applicants have to take to complete the CMA?

There is no fixed course duration for CMA, you can complete the course minimum in 6 months to 3-4 years.

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