FAQs > CMA

About CMA

1. What is the eligibility for admission to the CMA Foundation Course?

● A candidate should have passed Class 10 or equivalent from a recognized Board or Institution.

● Alternatively, a candidate who has passed the Senior Secondary Examination under the 10+2 scheme or an equivalent examination recognized by the Central Government is eligible.

● Candidates who have completed the National Diploma in Commerce from the All India Council for Technical Education or any State Board of Technical Education are also eligible.

● Provisional admission is available for candidates awaiting results.

2. What is the fee for the CMA Foundation Course?

● The fees of the CMA Foundation Course is Rs 6000

3. What documents are required for admission to the CMA Foundation Course?

● Attested copy of the Matriculation Certificate

● Attested copy of the 10+2 Certificate or Marks Statement

● Three passport-size photographs (one pasted on the application form, one pasted on the identity card, and one attached with the application)

● Attestation should be done by a member of recognized institutions like ICAI, ICSI, ICMAI, or a gazetted officer, or a Principal of a college.

4. When should I apply for the CMA Foundation Course?

● The Foundation Course is open for admission throughout the year.

● For the June term examination, apply before January 31st of the year.

● For the December term examination, apply before July 31st of the year.

5. Where should I apply for the CMA Foundation Course?

● Submit your completed application form, along with the necessary documents and remittances, to the respective Regional Councils or Chapters of the Institute.

6. What are the papers in the CMA Foundation Course?

The Foundation Course consists of the following papers:

● Paper 1: Fundamentals of Business Laws and Business Communication (FBLC)

● Paper 2: Fundamentals of Financial and Cost Accounting (FFCA)

● Paper 3: Fundamentals of Business Mathematics and Statistics (FBMS)

● Paper 4: Fundamentals of Business Economics and Management (FBEM)

7. Can candidates with other qualifications be exempt from the Foundation Course?

Yes, candidates with the following qualifications are exempted from the CMA Foundation Course:

● Any candidate who has passed the Foundation Examination conducted by the Institute of Company Secretaries of India (ICSI),

● Any candidate who has passed the Intermediate Examination (by whatever name called) conducted by the Institute of Chartered Accountants of India (ICAI),

8. What is provisional admission to the CMA Foundation Course?

Students may seek provisional admission to the Foundation Course. These students will be given 36 months (three years) to convert their provisional admission to regular status.

9. What are the requirements for Postal Coaching?

● Identification Number/Registration Number must be quoted correctly in all communications.

● Any change in the student’s address must be immediately communicated to the Directorate of Studies and the respective Regional Council.

● Enrolment for Postal Coaching must be done at least 4 months prior to the examination month.

● Study materials are provided for each subject.

● Students must complete the Postal Coaching by answering postal test papers available on the official website.

10. What is the Coaching Completion Certificate?

After successfully completing either Postal Coaching or Oral Coaching, students will receive a Coaching Completion Certificate. This certificate indicates that the student has completed the required coaching for the respective course.

11. Is there negative marking in MCQ-based questions in the CMA Foundation Examination?

No, there is no negative marking for MCQ-based questions in the CMA Foundation Examination.

1. What is the eligibility for admission to the CMA Intermediate Course?

● A candidate must have passed the Senior Secondary Examination (10+2) and the Foundation Course of the Institute of Cost Accountants of India, or have a graduation degree in any discipline (except Fine Arts).

● Candidates who have completed the Foundation (Entry Level) Part I Examination of CAT or the Competency Level Part II Examination of CAT are also eligible.

● Candidates who have passed the Foundation of ICSI or Intermediate of ICMAI (by whatever name called) along with 10+2 are eligible.

2. What is the fee for the CMA Intermediate Course?

● The fees of the CMA Intermediate Course is Rs 23100

3. What documents are required for admission to the CMA Intermediate Course?

● Attested copy of the Matriculation Certificate

● Attested copy of the 10+2 Certificate or Marks Statement

● Attested copy of the degree (Graduation Certificate)

● Three passport-size photographs (one pasted on the application form, one on the identity card, and one attached with the application)

● Attestation should be done by a member of recognized institutions like ICAI, ICSI, ICMAI, or a gazetted officer, or a Principal of a college.

4. When should I apply for the CMA Intermediate Course?

● The Intermediate Course is open for admission throughout the year.

● For the June term examination, apply before January 31st of the year.

● For the December term examination, apply before July 31st of the year.

5. Where should I apply for the CMA Intermediate Course?

● Submit your completed application form, along with the necessary documents and remittances, to the respective Regional Councils or Chapters of the Institute.

6. What are the papers in the CMA Intermediate course?

The CMA Intermediate course consists of two groups:

● Group I:

● Paper 5: Business Laws and Ethics (BLE)

● Paper 6: Financial Accounting (FA)

● Paper 7: Direct and Indirect Taxation (DITX)

● Paper 8: Cost Accounting (CA)

● Group II:

● Paper 9: Operations Management and Strategic Management (OMSM)

● Paper 10: Corporate Accounting and Auditing (CAA)

● Paper 11: Financial Management and Business Data Analytics (FMDA)

● Paper 12: Management Accounting (MA)

7. How can I get the Study Material?

Study materials are provided to students after registration. Once the registration fee is paid and the process is completed, students will receive the study material for both groups (Group I & II).

8. When can I appear for the examination?

Examinations for the CMA Intermediate course are conducted twice a year, in June and December. Students must complete the registration and fee payment at least 4 months before the exam to be eligible.

9. What is the examination pattern?

The CMA Intermediate examination is conducted in two groups, with each group consisting of four papers. Each paper carries 100 marks. The duration for each paper is 3 hours.

 10. What are the passing criteria?

To pass the CMA Intermediate examination, candidates must:

● Obtain at least 40% marks in each paper, and

● Achieve 50% aggregate marks across all non-exempted papers in the group. Candidates must pass all groups to qualify.

11. What are the exemption criteria?

Candidates who score 60% or more in any paper are eligible for an exemption from that paper in subsequent exams. Additionally, candidates who have passed corresponding exams in other professional courses may qualify for exemptions.

12. What is the validity period of my registration?

The registration for the CMA Intermediate course is valid for 7 years. If the course is not completed within this period, the registration will expire, and the student will need to apply for De Novo Registration to continue.

1. Who is eligible for enrolment in the CMA Final Course?

● Only candidates who have passed the CMA Intermediate Examination of the Institute of Cost Accountants of India are eligible.

2. What documents are required for enrolment?

● A copy of the CMA Intermediate Pass Marksheet must be submitted along with the Admission Form.

3. When should I complete my enrolment for the CMA Final Course?

● Enrollment must be completed at least 4 months before the examination date.

4. What are the last dates for enrolment?

● For June Term Examination: 31st January of the same calendar year.

● For December Term Examination: 31st July of the same calendar year.

5. Can foreign students apply for enrolment?

● Yes, but students from foreign countries must submit their enrolment forms directly to the Headquarters of the Institute.

6. Can I enroll online?

● Yes, candidates can complete their enrolment online through the official CMA Student Portal.

7. What is the fee for the CMA Final Course?

● The enrolment fee for the CMA Final Course is Rs. 25,000.

8. What are the papers in the CMA Final course?

The CMA Final course consists of two groups:

● Group III:

● Paper 13: Corporate and Economic Laws

● Paper 14: Strategic Financial Management

● Paper 15: Direct Tax Laws and International Taxation

● Paper 16: Strategic Cost Management

● Group IV:

● Paper 17: Cost and Management Audit

● Paper 18: Corporate Financial Reporting

● Paper 19: Indirect Tax Laws and Practice

● Elective Paper: Choose one from the following:

● Paper 20A: Strategic Performance Management and Business Valuation

● Paper 20B: Risk Management in Banking and Insurance

● Paper 20C: Entrepreneurship and Startup

9. How can I get the Study Material?

Study materials are provided after registration. Once you complete the registration process, you can access the study materials online. Additionally, recommended textbooks are also available for detailed study.

10. When can I appear for the examination?

The CMA Final examination is conducted twice a year, in June and December. You need to register at least 4 months prior to the examination to be eligible to appear.

11. What is the examination pattern?

The CMA Final examination consists of two groups, with four papers in each group.

● Each paper carries 100 marks.

● The duration for each paper is 3 hours.

● The exam is held twice a year.

12. What are the passing criteria?

To pass the CMA Final examination, you must:

● Secure at least 40% marks in each paper.

● Obtain 50% aggregate marks across all non-exempted papers in the group. You must pass both groups to qualify for the CMA Final Course.

13. What are the exemption criteria?

You will be granted an exemption if you score 60% or more in any paper. The exempted paper does not need to be retaken in future exams. Furthermore, if you secure 60% or more in any paper and 40% in the other papers of the same group, you may carry forward the exempted paper’s marks to subsequent exams.

14. What is the validity period of my registration?

The registration for the CMA Final course is valid for 7 years. If you do not complete the course within this time, your registration will expire. To continue, you must apply for De Novo Registration (re-registration) as per the Institute’s guidelines.