CMA (Cost & Management Accountant)
Master Cost, Finance & Strategic Management
Qualify with ICMAI’s CMA credential and build a career in costing, taxation, and financial management.
About CMA
The Cost and Management Accountant (CMA) course, conducted by the Institute of Cost Accountants of India (ICMAI), is one of India’s most respected professional qualifications for those seeking a career in costing, financial management, taxation, audit, and corporate laws.
The CMA course is structured across three levels — Foundation, Intermediate, and Final — designed to build expertise in cost accounting, strategic financial management, direct and indirect taxation, and corporate governance, preparing professionals for key roles in manufacturing, corporate finance, and consulting.
For those preparing for this journey, structured CMA coaching in Mumbai can provide expert faculty guidance and a well-planned path across all three levels.
Why CMA?
Career Opportunities After CMA
- Perfect Blend of Costing and Strategy
- High Growth and Salary Potential
- Strong Demand in Manufacturing & Corporates
- Opportunity for Independent Practice
- Global Recognition & Mobility
- Professional Respect and Recognition
- Cost Accountant
- Financial Analyst
- Cost Controller
- Internal Auditor
- Management Accountant
- Budget Analyst
- Financial Controller
- Corporate Tax Consultant
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Study Circle CMA Course Details
CMA Course Structure
CMA FOUNDATION
| Particulars | Requirements |
|---|---|
| Qualification | Passed Class 10+2 (Senior Secondary/Higher Secondary) from a recognized board. Registration is open throughout the year. |
CMA FOUNDATION
| Category | Amount |
|---|---|
| Registration Fee | INR 6,000 |
CMA FOUNDATION
| Particulars | Details |
|---|---|
| Mode of Exam | Offline-centre based |
| Number of Papers | 4 |
| Exam Period | Twice a year – June and December |
| Pass Criteria | Minimum 40 marks in each paper and 50% aggregate |
CMA FOUNDATION
| Paper | Subject |
|---|---|
| Paper 1 | Fundamentals of Business Laws and Business Communication |
| Paper 2 | Fundamentals of Financial and Cost Accounting |
| Paper 3 | Fundamentals of Business Mathematics and Statistics |
| Paper 4 | Fundamentals of Business Economics and Management |
CMA INTER
Passed Senior Secondary School Examination / Higher Secondary Examination (10+2) and Foundation Course of the Institute of Cost Accountants of India or qualified the Foundation (Entry Level) Part I Examination of Certificate in Accounting Technicians (CAT) Course of the Institute of Cost Accountants of India or Degree examination of any recognized University or Pursuing Engineering Course (having completed 2nd year/Semester IV/ equivalent) or Qualified Engineers or equivalent in any subject other than music, dancing, photography, painting & sculpture and the likes.
Further a list of qualifying examinations for direct admission to Intermediate Course is given in (Annexure VI)
Provisional Registration: Candidates awaiting results of degree examinations may also apply for provisional admission. Such students would be provided a time period of 18 (eighteen) months to convert from Provisional to Regular Status.
CMA INTER
| Category | Amount |
|---|---|
| Registration Fee | INR 23,100 (approx; can be paid in installments across the registration window) |
CMA INTER
| Particulars | Details |
|---|---|
| Mode of exam | Offline-centre based |
| Type of questions | Objective and descriptive |
| 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 |
CMA INTER
The course consists of two groups (Group 1 and Group 2) inclusive of 4 papers each (Papers 5-8) and (Papers 9-12)
| Group I | Group II |
|---|---|
| Paper 5: Business Laws and Ethics (BLE) | Paper 9: Operations Management and Strategic Management (OMSM) |
| Paper 6: Financial Accounting (FA) | Paper 10: Corporate Accounting and Auditing (CAA) |
| Paper 7: Direct and Indirect Taxation (DITX) | Paper 11: Financial Management and Business Data Analytics (FMDA) |
| Paper 8: Cost Accounting (CA) | Paper 12: Management Accounting (MA) |
CMA FINAL
| Particulars | Requirements |
|---|---|
| Cleared CMA Intermediate | Candidates must have passed both groups of the CMA Intermediate examination. |
| Registration Number | Must hold a valid CMA registration number and complete the prescribed training. |
| Timing Restriction | Candidates passing CMA Intermediate in June cannot appear for the December Final exam in the same year. |
CMA FINAL
| Category | Amount |
|---|---|
| Registration Fee (One-time, covers both groups) | INR 25,000 (payable in 2 installments: INR 15,000 + INR 10,000) |
CMA FINAL
| Particulars | Details |
|---|---|
| Mode of Exam | Offline-centre based |
| Type of questions | Objective and descriptive |
| Number of papers | 8 (4 papers per group, 2 groups) |
| Maximum marks per paper | 100 |
| Exam Duration | 3 hours per paper |
| Pass Criteria | Minimum 40% in each paper and 50% aggregate; exemption available for 60%+ in an individual paper |
CMA FINAL
| Group III | Group IV |
|---|---|
| Paper 13: Corporate Laws and Compliance | Paper 17: Cost and Management Audit |
| Paper 14: Strategic Financial Management | Paper 18: Corporate Financial Reporting |
| Paper 15: Direct Tax Laws and International Taxation | Paper 19: Indirect Tax Laws & Practice |
| Paper 16: Strategic Cost Management | Paper 20: Elective – choose 1 of 3 (20A: Strategic Performance Management & Business Valuation / 20B: Risk Management in Banking and Insurance / 20C: Entrepreneurship and Startup) |
CMA Related FAQs
What is CMA India?
CMA (India) focuses on Cost Accounting, Management Accounting, Budgeting, Cost Control, Strategic Financial ManagementCan B.Com graduates directly join CMA Intermediate?
Yes. Graduates are eligible for Direct Entry to CMA Intermediate subject to ICMAI regulations.What are career opportunities after CMA?
Cost Accountant, Cost Auditor, Financial Analyst, Budget Analyst, Finance Manager, Internal Auditor, Cost Consultant.