Cost & Management Accountant

These days, the CMA course is gaining popularity among commerce students, who want to pursue a career in the area of Cost and Management accounting. Students are curious about the CMA course subjects, CMA course syllabus.

"We will guide you through step-by-step stages of becoming a Cost & Management Accountant"

Steps to Become a CMA

The vast syllabus of Cost & Management Accounting is divided into 4 steps –

• CMA Foundation
• CMA Intermediate
  
• Practical Training (15 Months)
  
• CMA Final
  

CMA Foundation

CMA Foundation is an entry-level test in order to pursue Cost & Management Accounting Course. The course is much similar to your 11th and 12th standard (Commerce stream).

CMA Foundation syllabus is divided into four subjects –

Paper 1: FUNDAMENTALS OF ECONOMICS AND MANAGEMENT 

Section A: Fundamentals of Economics (50%) 

Section B: Fundamentals of Management (50%) 

Paper 2: FUNDAMENTALS OF ACCOUNTING 

Section A: Fundamentals of Financial Accounting (80% ) 

Section B: Fundamentals of Financial Accounting (80% ) 

Paper 3: FUNDAMENTALS OF LAWS AND ETHICS 

Section A: Fundamentals of Commercial Laws (70%) 

Section B: Fundamentals of Ethics (30%) 

Paper 4: FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS 

Section A: Fundamentals of Business Mathematics (40% ) 

Section B: Fundamentals of Business Statistics (60%)

CMA Intermediate

CMA Intermediate will be your next level in this journey after clearing CMA Foundation. Some students who are graduates or postgraduates can also apply for the CMA course through the Direct entry Scheme at the Intermediate level. The syllabus in CMA Intermediate is comprehensive and this thing makes this level the challenging one. CMA Intermediate syllabus is divided into eight subjects. The eight papers are divided into two groups each consisting of four subjects.

CMA Intermediate syllabus is divided into eight subjects –

Group-1

Paper-5: FINANCIAL ACCOUNTING

Section A: Accounting

Section B: Preparation of Financial Statements

Section C: Self Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental

Section D: Accounting in Computerised Environment and Accounting Standards

Paper-6: LAWS AND ETHICS

Section A: Commercial Laws

Section B: Industrial Laws

Section C: Corporate Law

Section D: Ethics

Paper-7: DIRECT TAXATION

Section A: Income Tax Act Basics

Section B: Heads of Income and Computation of Total Income and Tax Liability

Section C: Tax Management, Administrative Procedures and ICDS

Paper-8: COST ACCOUNTING 

Section A: Introduction to Cost Accounting

Section B: Methods of Costing 

Section C: Cost Accounting Techniques 

Group-2 

Paper-9: OPERATIONS MANAGEMENT & STRATEGIC MANAGEMENT 

Section A: Operations Management 

Section B: Strategic Management 

Paper-10: COST & MANAGEMENT ACCOUNTING & FINANCIAL MANAGEMENT 

Section A Cost & Management Accounting and Financial Management 

Section B: Financial Management 

Paper-11 : INDIRECT TAXATION 

Section A Cannons of Taxations – Indirect Tax 

Section B: Customs Laws 

Paper-12 : COMPANY ACCOUNTS AND AUDIT 

Section A Accounts of Joint Stock Companies 

Section B: Auditing

Practical Training

Practical Training is the most important part of CMA Curriculum and also referred as a golden period in the CMA students journey. In the modern era, only bookish knowledge is enough .To be a professional, it is important to gain the practical knowledge which could not be possible without Practical Training.

CMA Final

This is the last step in the Cost & Management Accountant Journey and students are expected to have a professional level knowledge. After completing both the groups of CMA Intermediate one can register for CMA Final.

CMA Final syllabus

Group-3

Paper-13: CORPORATE LAWS & COMPLIANCE

Section A: Companies Act (60 marks)

Section B: Other Corporate Laws (25 marks)

Section C: Corporate Governance (15 marks)

Paper-14: STRATEGIC FINANCIAL MANAGEMENT

Section A: Investment Decisions (25 marks)

Section B: Financial Markets and Institutions (20 marks)

Section C: Security Analysis and Portfolio Management (25 marks)

Section D: Security Analysis and Portfolio Management (25 marks)

Paper-15: STRATEGIC COST MANAGEMENT – DECISION MAKING

Section A Cost Management (20 marks)

Section B: Strategic Cost Management Tools and Techniques (50 marks)

Section C: Strategic Cost Management – Application of Statistical Techniques in

Business Decisions (30 marks)

Paper-16: DIRECT TAX LAWS AND INTERNATIONAL TAXATION 

Section A: Advance Direct Tax Laws (50 Marks) 

Section B: International Taxation (30 Marks) 

Section C: Case Study Analysis (20 Marks) 

Group-4 

Paper-17: CORPORATE FINANCIAL REPORTING 

Section A: GAAP and Accounting Standards (20 marks) 

Section B: Accounting of Business Combinations & Restructuring (20 marks) 

Section C: Consolidated Financial Statements (20 marks) 

Section D: Developments in Financial Reporting (25 marks) 

Section E: Government Accounting in India (15 marks) 

Paper-18: INDIRECT TAX LAWS AND PRACTICE 

Section A Advanced Indirect Tax and Practice (80 marks) 

Section B: Tax Practice and Procedures (20 marks)

Paper-19: COST AND MANAGEMENT AUDIT

Section A: Cost Audit (35 marks)

Section B: Management Audit (15 marks)

Section C: Internal Audit, Operational Audit and other related issues (25 marks)

Section D: Case Study on Performance Analysis (25 marks)

Paper-20: STRATEGIC PERFORMANCE MANAGEMENT & BUSINESS VALUATION

Section A: Strategic Performance Management (50 marks)

Section B: Business Valuation (50 marks)

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