CMA IND- FINAL

The Final Course of the Cost and Management Accountancy (CMA) program offered by the Institute of Cost Accountants of India (ICMAI) is the last stage in the journey toward becoming a qualified Cost and Management Accountant. Here are the details of the CMA Final course:

1. Eligibility:

• Completion of both groups of the CMA Intermediate examination conducted by ICMAI.

2. Registration:

• Candidates who meet the eligibility criteria can register for the CMA Final course.
• Registration for the Final course is open throughout the year. However, there are specific examination cycles.

3. Syllabus:

• The CMA Final course consists of two groups with a total of eight papers.
• Group III:
  • Paper 13: Corporate Laws and Compliance
  • Paper 14: Strategic Financial Management
  • Paper 15: Strategic Cost Management - Decision Making
  • Paper 16: Direct Tax Laws and International Taxation
• Group IV:
  • Paper 17: Corporate Financial Reporting
  • Paper 18: Indirect Tax Laws and Practice
  • Paper 19: Cost and Management Audit
  • Paper 20: Strategic Performance Management and Business Valuation
• The syllabus covers advanced topics in corporate laws, strategic financial management, strategic cost management, direct and indirect taxation, financial reporting, cost and management audit, and strategic performance management.

4. Examination Pattern:

• The CMA Final examination is conducted twice a year, usually in June and December.
• Each paper is of 100 marks and is conducted in English medium.
• The examination is conducted in offline (pen and paper) mode.
• Candidates must score a minimum of 40% marks in each paper and an aggregate of 50% marks in all papers to pass the examination.

5. Exemption:

• Candidates who have completed specific post-graduation degrees or professional qualifications may be eligible for exemptions from appearing in some subjects of the CMA Final course.

6. Registration Fee:

• The registration fee for the CMA Final course varies depending on the student's location and other factors. It includes registration fees, subscription fees, and examination fees.

7. Career Path:

• After successfully clearing the CMA Final examination and fulfilling the required practical training, candidates become eligible for membership of the ICMAI.
• Cost and Management Accountants can pursue various career paths in cost accounting, management accounting, financial management, taxation, auditing, consulting, and corporate management.
• They can work in public practice firms, corporations, government agencies, non-profit organizations, or as independent professionals.

The CMA Final course is the culmination of the rigorous Cost and Management Accountancy program, equipping candidates with advanced knowledge and skills required to excel in the field of cost and management accounting.80000