Route MAP of CMA Course

This CMA course comprises of three stages:

• CMA Foundation
• CMA Intermediate and 
• CMA Final

You can pursue this course through correspondence or through online from an accredited university.

After Class XII:

• Pursue Foundation course for 8 months.
• Pursue Intermediate course for 10 months.
• Pursue Final course for 18 months.

 After Graduation:

• Pursue Intermediate course for 10 months.

Pursue Final course for 18 months.

Cost and Management Accounting- Course Structure

STAGE 1 – Foundation: The Entry level test is named as Foundation which is designed in the pattern of entry level test for engineering, medical and other professional courses. It is a test of 4 hours duration comprising two sessions of 2 hours each, with a break between two sessions. The test comprises objective type questions. There is no negative marking.

The exam is conducted twice a year in the months of June and December.

Eligibility Criteria: Passed class 12 with at least 40% marks.

A student has to register at least five months prior to the month in which the examination is held. i.e., if a student wants to appear for the foundation exam in December he has to register with the institute by July 31.

All students shall submit their Postal Application form, duly filled in together with relevant enclosures and remittances to their respective Regional Councils / Chapters only. A student can apply online also. A student has to complete a study period of 6 months after his registration before he appears for the exam.

Validity of Registration: 5 years i.e., the maximum number of attempts a student can give if he registers once is 10. However, a student has to renew his registration after 5 years to give further attempts if he has not cleared the foundation stage.

Passing Criteria:  A student is required to get a minimum of 40 marks in each paper (not subject) and an aggregate of 50% in all the papers together i.e., a student has to score at least 200 out of 400 to qualify in the examination.

STAGE 2 – Intermediate: Intermediate is the second level of Cost and Management Accountancy examinations. A person can take the Intermediate Examination after passing Foundation and one year of study. Intermediate has two groups of seven subjects. Group – I consists of four subjects and Group – II of three subjects.

Eligibility Criteria:

• Passed Senior Secondary School Examination (10+2)and Foundation Course of the Institute of Cost Accountants of India/ Graduation in any discipline other than Fine Arts/ Foundation (Entry Level) Part I Examination of ICMAI/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute
• Passed Foundation of ICSI/Intermediate of ICAI by whatever name called along with 10+2.

Registration for the ICMAI course is open throughout the year However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination should apply before 31st July of that year.

All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances to their respective Regional Councils / Chapters only. A student can apply online also.

Duration: One year i.e., a student should have a study period of one year after registration for the intermediate before he appears for the examination.

Validity of Registration: 5 years i.e., the maximum number of attempts a student can give if he registers once is 10. However, a student has to renew his registration after 5 years to give further attempts if he has not cleared the intermediate stage.

Passing Criteria: A student is required to get a minimum of 40 marks in each paper (not subject) and an aggregate of 50% in all the papers of a group together to qualify in the group i.e., a student has to score a total of at least 350 out of 700 to qualify in the examination.

STAGE 3 – Final: The last leg of the Cost and Management Accountancy course is Final Course, designed to impart expert knowledge in capital marketing analysis, Management Accounting and professional ethics, taxation, Cost Audit, Business valuation management.

Eligibility Criteria: Candidates who cleared all papers of ICWAI Intermediate Course can apply for the Final course of ICWAI. However, a candidate has to undergo at least 6 months of Practical Training before he applies for the Final Course.

• For June Exam: 5th December of the previous year.
• For December Exam: 5th June of that particular year.

All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances to their respective Regional Councils / Chapters only. A student can apply online also.

Duration: One year i.e., a student should have a study period of one year after registration for the intermediate before he appears for the examination.

Validity of Registration: 5 years i.e., the maximum number of attempts a student can give if he registers once is 10. However, a student has to renew his registration after 5 years to give further attempts if he has not cleared the final stage.

Passing Criteria: A student is required to get a minimum of 40 marks in each paper (not subject) and an aggregate of 50% in all the papers of a group together i.e., a student has to score at least 400 out of 800 to qualify in this stage.