CMA: Cost and Management Accounting Course, Syllabus, Colleges

Cost and Management Accounting is a vital field that supports business decision-making by providing detailed insights into costs, resources, and performance. It focuses on analyzing, managing, and controlling costs, enabling businesses to optimize resources and enhance profitability. Cost accounting involves tracking, recording, and classifying expenses associated with production or service delivery. Management accounting extends this by offering strategic information for budgeting, planning, and evaluating organizational performance. Together, these practices help businesses make data-driven decisions, set realistic financial goals, and maintain a competitive edge. Understanding these concepts is essential for efficient financial planning and overall organizational growth.

CMA Full Form

CMA’s Full form is Cost Management Accounting.

Cost Management Accounting (CMA) Course

CMA is one of the most popular courses in the finance sector and it provides the ladder to the one who wants to make it big in the management accounting field. CMA has been one of the favorite courses amongst commerce students.

CMA is a certificate program designed to train students who aspire to work in different industries and corporate functions.

Cost Management Accounting CMA- Colleges

The CMA courses are issued by the Institute of Cost Accountants of India (ICAI) that primarily focuses on financial statement analysis, external financial reporting, valuation issues, working capital policies, etc.

Previously CMA was known as ICWA.

Cost Management Accounting CMA: Course Level

The CMA Course is distributed into three levels and one needs to pass the previous level to continue further to the next level. The three levels of the CMA Course are:

• Level 1: CMA Foundation Level
• Level 2: CMA Intermediate Level
• Level 3: CMA Final Level

Cost Management Accounting CMA: Course Duration

• The CMA course duration is flexible that means candidates have the authority to complete the levels at their desired pace and it also depends on the candidate`s focus and dedication.
• The time for the CMA course approx. time duration can be 6 months- 4 months, and this course is frequently completed in 3- 4 years duration in India whereas it just takes 6 months to complete the course in the US.

Also Read: Bachelor of Commerce

Cost Management Accounting CMA: Skills Gained

Also Read:  Bachelor of Business Administration

Cost Management Accounting CMA: Eligibility Criteria for Different Levels

CMA Eligibility Criteria: Foundation level 

• Candidates should have completed class 10^th from any recognized board.
• Candidates should have passed class 12^th from any recognized board.
• Candidates can also have National Diploma in Commerce Education by AICTE or any state board of technical education besides the above-mentioned degrees.

CMA Eligibility Criteria: Intermediate level 

• Candidates must have passed class 12^th
• Candidates must have passed the foundation course from the Institute of Cost Accountants of India (ICAI).
• Candidates must have a UG degree with any stream except for Fine Arts.

CMA 2022 Eligibility Criteria: Final Level 

• Candidates must have passed the foundation and intermediate level in order to pursue the final level of CMA Courses.

You might be interested in: Art of Integrated Learning

Cost Management Accounting CMA Syllabus

Cost Management Accounting CMA: Application/ Registration Date

• The CMA registration for the ICAI courses is active throughout the year.
• In CMA Candidates need to register themselves 4 months prior to the intended term.
• If a candidate is seeking for December term then her/ he has to register in the month of July like for June term candidates need to register themselves in the month of January before 31^stof the same year.

CMA: How to Register

• For registration in CMA, candidates need to send their application forms via postal method along with the other required documents to their respective Regional Councils.
• The Regional Councils of four regions in India are:

Northern India- New Delhi

Southern India- Chennai

Eastern India- Kolkata

Western India- Mumbai

CMA: Registration Fee

• Level: CMA Foundation
• Registration: INR 4k
• Level: CMA Intermediate
• Registration: INR 20k
• Level: CMA Final
• Registration: 17k

CMA: Exam Schedule

• The CMA course offers flexibility to the candidates who are appearing in different levels of exams.
• Candidates can appear in the exams according to their comfort and the testing window remains open for 6 months in a year that are January or February, May or June, September or October.
• CMA exams are conducted in online mode.

CMA: Job Profile and Average Salary

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