CMA is a course introduced by the Institute of Cost Accountants of India (ICAI). It is a globally certified course in the field cost & management accounting. This course is one of the best courses for students, who wish to pursue a career in accounting.
Cost Accounting Management programme designed equips students to work in different industries as accounting experts. The programme mainly focuses on financial management, auditing, financial statement analysis, working capital policies, taxation etc.
CMA course is gaining popularity among commerce students who are aspiring to become professionals in the accounting & finance sector. CMA is regarded as valuable professional course in accounting and aims to merge best accounting practises with business insights. CMA students can master the details of financial and management sections of businesses.
Cost & Management Accountants essentially help businesses analyse costs and devise strategies for business growth. Well trained Cost & Management experts can work for various companies as Cost Auditors, Management Consultants, Business analysts, Cost advisors, Tax Consultants etc.Corporations are actively recruiting cost & management accountants for the successful management of their businesses.
For someone who wants to build a dream career in the accounting and financial management field, the CMA course would be a great choice.If you are also looking to join the CMA course, it is important for you to understand the course structure, eligibility criteria, syllabus and career prospects after completing the course.
Students are eligible to seek admission to the Foundation Course after qualifying Class X.
Those who’ve passed Class – X are eligible for admission in Foundation Course and passed Class – XII students are eligible to appear for Foundation Course Examination. The Class – XII passed students are also eligible for registration to the Intermediate Course after qualifying the Foundation Examination.
A candidate should have passed Class 10 or equivalent from a recognized Board or Institution; or Passed the Senior Secondary School Examination under the 10+2 scheme of a recognized Board or an Examination recognized by the Central Government as equivalent thereto or has passed the National Diploma in Commerce Examination held by the All India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Rural Higher Education;
Any Candidate who has passed the Foundation examination conducted by the Institute of Company Secretaries of India will be exempted from Foundation Course & vice versa; or
Any Candidate who has passed the Intermediate Examination (by whatever name called) conducted by the Institute of Chartered Accountants of India will be exempted from Foundation Course. Similarly, any candidate who has passed the Intermediate examination will be exempted from Common Proficiency Test (i.e. entry level examination, by whatever name called) conducted by the Institute of Chartered Accountants of India
Candidates who have passed the qualifying examination for direct admission to Intermediate Course (Annexure VII) are exempted from Foundation Course
For June term examination - 31st January of the same calendar year
For December term examination - 31st July of the same calendar year
Students may also seek provisional admission to the Foundation Course. Such students would be provided a time period of 36 (thirty six) months to convert from Provisional to Regular Status.
Graduates or Foundation qualified candidates are eligible to take Registration to the Intermediate Course of the Institute.
Passed Class – XII students are eligible to appear in Foundation Course Examination. The appeared and qualified students in Foundation Course Examination are eligible to register for Intermediate course.
Graduate of any Discipline (excluding performing art, music)/ Pursuing Engineering Course (having completed 2nd year / Semester IV/ equivalent) or Qualified Engineers/Qualified Foundation Examination conducted by the Institute of Company Secretaries of India / qualified the Intermediate Examination (by whatever name called) conducted by the Institute of Chartered Accountants of India are eligible to get direct admission to Intermediate Course.
Passed Senior Secondary School Examination / Higher Secondary Examination (10+2) and Foundation Course of the Institute of Cost Accountants of India or qualified the Foundation (Entry Level) Part I Examination of Certificate in Accounting Technicians (CAT) Course of the Institute of Cost Accountants of India or Degree examination of any recognized University or Pursuing Engineering Course (having completed 2nd year/ Semester IV/ equivalent) or Qualified Engineers or equivalent in any subject other than music, dancing, photography, painting & sculpture and the likes
Further a list of qualifying examinations for direct admission to Intermediate Course is given in Annexure VII
Provisional Registration: Candidates awaiting results of degree examinations may also apply for provisional admission. Such students would be provided a time period of 18 (eighteen) months to convert from Provisional to Regular Status
For June term examination - 31st January of the same calendar year
For December term examination - 31st July of the same calendar year
(w.e.f 1st August 2016)
Intermediate qualified students are eligible to enrol to the Final Course of the Institute.
Qualify in Intermediate Course Examination (i.e. in both Groups)
Eligible to enrol in Final Course
For June term examination - 31st January of the same calendar year
For December term examination - 31st July of the same calendar year
A student enrolled in Final Course under the Syllabus 2016 has to undergo compulsory Coaching, Industry Oriented Training Programme and Practical Training