CMA (IND)- INTERMEDIATE

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

1. Eligibility:

• Candidates must have successfully completed the CMA Foundation course conducted by ICMAI or have a degree in any discipline from a recognized university.

2. Registration:

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

3. Syllabus:

• The CMA Intermediate course consists of two groups with a total of eight papers.
• Group I:
  • Paper 5: Financial Accounting
  • Paper 6: Laws & Ethics
  • Paper 7: Direct Taxation
  • Paper 8: Cost Accounting & Financial Management
• Group II:
  • Paper 9: Operations Management & Strategic Management
  • Paper 10: Cost & Management Accounting
  • Paper 11: Indirect Taxation
  • Paper 12: Company Accounts & Audit
• The syllabus covers a wide range of topics including financial accounting, laws, ethics, taxation, cost accounting, financial management, operations management, strategic management, and auditing.

4. Examination Pattern:

• The CMA Intermediate 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 both offline (pen and paper) and online (objective type) modes.
• 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 degrees or professional qualifications may be eligible for exemptions from appearing in some subjects of the CMA Intermediate course.

6. Registration Fee:

• The registration fee for the CMA Intermediate 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 Intermediate 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 Intermediate course builds on the foundation laid in the CMA Foundation course, providing candidates with advanced knowledge and skills required to excel in the field of cost and management accounting.