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CMA Course Details: Everything you Need to Know (2022)

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CMA Course Details: Everything you Need to Know (2022)

CMA course is to nurture the minds of the young generation to become business leaders of the future. The full form of CMA is Cost and Management Accounting. CMA is one of the reputed career options and a tough one. It is a professional and specialized course to specialize in Management Accounting. In this article, we will cover CMA course details to help you understand the CMA exam structure.

The cost and Management Accounting course is divided into 3 levels-

  • CMA Foundation,
  • CMA Intermediate,
  • CMA Final

Preparing for the CMA exams is popular among students looking to excel career in the Cost and Management Accounting field. The minimum duration of the course is 36 months, and the average CMA Salary in India is 4-5 lakhs per annum.

VSI provides the best CMA coaching in India. We have experienced and trained faculty who provide regular support to the students, online and offline. Students looking to crack CMA Dec 2022/June 2023 exams with a good rank on the first attempt can enrol with VSI Jaipur.

CMA Course Details 2022

ParticularDetails
CourseCMA
CMA Full FormCost and Management Accountant
No. of Course Level03 Levels
Name of CMA Exam LevelsLevel 01- CMA FoundationLevel 02- CMA IntermediateLevel 03- CMA Final
CMA Course DurationCMA Foundation- 08 MonthsCMA Intermediate- 10 MonthsCMA Final- 18 months
Exam Conducted ByInstitute of Cost Accountants of India
Number of SubjectsFoundation – 04 subjects
Intermediate – 08 subjects
Final – 08 subjects

CMA Course Eligibility and Registration

Before you apply for the CMA course, it is necessary to know the eligibility criteria. So below is the table for CMA eligibility criteria for each level –

CMA courseEligibility Criteria
CMA Foundation Course10th pass from a recognized board or institute10+2 appearing students10+2 pass students
CMA Intermediate CourseCMA Foundation Pass Students
Direct Entry-Graduates except for fine arts stream
CA Intermediate Pass Students
CS Foundation Pass Students
CA IPCC Pass Students
CMA Final CourseCMA Intermediate Pass Students

CMA Registration

CMA students can apply for online and offline classes. To register for the CMA exams, students have to go to the official website, select the course level, enter the details and pay the fees. To know more about CMA course registration, please visit the official website of VSI.

CMA Syllabus for All Three Levels

Cost and Management Accounting course is conducted in three levels- Foundation, Intermediate, and Final. CMA syllabus for the foundation includes fundamental accounting and management concepts. The syllabus of Intermediate and Final are divided into two parts, including advanced-level topics of accounting, management, law, cost, etc.

CMA Foundation Syllabus-

  • Fundamentals of Economics and Management (FEM)
  • Fundamentals of Accounting (FOA)
  • Fundamentals of Laws and Ethics (FLE)
  • Fundamentals of Business Mathematics and Statistics (FBMS)

CMA Intermediate Group 01-

  • Financial Accounting (FAC)
  • Laws and Ethics (LNE)
  • Direct Taxation (DTX)
  • Cost Accounting (CA)

CMA Intermediate Group 02-

  • Operations Management and Strategic Management (OMSM)
  • Cost & Management Accounting and Financial Management (CMAFM)
  • Indirect Taxation (ITX)
  • Company Accounts and Audit (CAA)

CMA Final Group 01-

  • Corporate Laws and Compliance (CLC)
  • Strategic Financial Management (SFM)
  • Strategic Cost Management- Decision Making (SCMD)
  • Direct Tax Laws and International Taxation (DIT)

CMA Final Group 02-

  • Corporate Financial Reporting (CFR)
  • Indirect Tax Laws and Practice (ITP)
  • Cost and Management Audit (CMAD)
  • Strategic Performance Management and Business Valuation (SPBV)

Fees for the Cost and Management Course

So the CMA course fees vary for each level. Here are the CMA fees for the CMA Foundation, Intermediate, and Final levels. Check the table to know the CMA fee structure.

CMA CourseFees
CMA FoundationINR 25000/-
CMA IntermediateGroup 1- INR 24000/- Without InstalmentINR 25000/- With InstalmentGroup 2- INR 24000/- Without InstalmentINR 25000/- With Instalment
CMA FinalGroup 1- INR 34000/-Group 2- INR 26000/-

Total Duration of the ICMAI Course

To help you understand, we have mentioned the average duration of the ICMAI course. So the total minimum duration of the ICMAI Cost and Management Accounting course is 36 months. Below is the course duration per level-

  • ICMAI CMA foundation level- minimum of 08 months
  • ICMAI CMA intermediate level- minimum of 10 months
  • ICMAI CMA final level- minimum of 18 months

Also Read: Best Tips to Boost Intelligence to Pass the Government Exams

 Conclusion

Hope this post on CMA course Details provides all the pertinent information to the CMA aspirants. CMA provides several employment opportunities. Further, CMA provides all the skills necessary to get a brilliant career, from high growth chances to high-income packages. After successfully clearing the CMA exams, several doors and possibilities will be accessible to you. So, start your CMA preparation with VSI Jaipur.