CMA INDIA education has recently gained widespread acceptance among commerce students, especially those who wish to make it big in the field of Cost and Management Accounting (CMA).
What is a CMA INDIA Course ?
CMA India stands for Cost and Management Accounting. It's a course meant to prepare future business leaders. It's becoming increasingly popular among business students, particularly those interested in Cost and Management Accounting careers. Here's a quick overview:
Career Development: CMA India prepares students for leadership positions in business.
Popularity: Increasingly desired by business students.
Benefits include good career possibilities and opportunities for promotion.
Details: Discusses strategic decision-making, cost management, and financial planning.
Global Recognition: Certification is highly regarded worldwide.
Flexibility: Can be undertaken while working or studying.
Professional Development: Encourages ethical behavior and constant learning.
Overall, CMA in India is an attractive option for individuals seeking success in management accounting and corporate leadership.
CMA INDIA Course duration
The duration of CMA INDIA Course is of 3 years which include:
Foundation
Inter
Final
Eligibility criteria for CMA INDIA Course
Before applying for the CMA INDIA course, you should first understand the eligibility conditions. There are few set of rules and conditions that are ought to be followed
The eligibility requirements for the CMA INDIA course are as follows:
Foundation Course
Class 10 or equivalent qualification from a recognized board or institution.
Passed the Senior Secondary Examination under the 10+2 scheme of a recognized Board, or an equivalent examination recognized by the Central Government.
On the other hand, pass the American Institute of Commerce's National Diploma in Commerce Examination or the National Council of Higher Education's Diploma in Rural Service Exam.
Intermediate Course
Should have passed secondary school examination i.e, 12th (second puc) +Foundation by (ICAI) Institute of Cost Accountants of India.
Should have completed Foundation.
Final Course
Should have Passed Intermediate Exam with 15 months of work experience or practical knowledge.
How to get exemption in CMA INDIA Exams - Guide
To pass a group in CMA INDIA exams, a student must achieve a minimum of 40% in each of the group's subjects, as well as an aggregate of 50% or higher. However, there are specific rules in the CMA INDIA course for obtaining exemption and carrying forward of marks, which are explained below:
Exemption: If a candidate scores 60% or higher in any paper but fails the group, they will not be required to retake that paper on the next attempt. However, for the next attempt, the marks from the exempted paper(s) will be considered 50.
Carry Forward: If a candidate scores 60% or higher in any paper and at least 40% in the remaining papers of a group but fails overall, they will not be required to retake the exempted paper(s) on the next attempt. The actual marks for the exempted paper(s) will be carried forward to the next attempt.
FEES STRUCTURE OF CMA INDIA
Foundation : 6,000/-
Intermediate: 22,000/-
Final : 25,000/-
CMA INDIA Registration Dates - When to register what is the last date
You can join the ICAI foundation course anytime. If you want to take the June exam, apply by January 31st. If you want to take the December exam, apply by July 31st.
Enrollment procedure for CMA INDIA
This is a simplified guide:
Visit the institute's official website and find the CMA registration section.
Fill in the required information and save.
Upload the required documents and submit.
Course fees can be paid online.
Print the application form for your records.
Documents required for registration:
Passport-size photo
Candidate / student signature
Grade 10th Marksheet
Grade 12th Marksheet
Master Degree / Bachelor’s certificate (if applicable)
Candidates who are willing to apply for CMA INDIA Final have to submit their foundation and Intermediate exam passed certificate.
CMA Syllabus and Subjects
The CMA course has three levels: Foundation, Intermediate, and Final.
Foundation introduces fundamental accounting and management concepts.
Intermediate and Final courses are divided into two groups, each covering advanced topics in accounting, cost, management, and law.
Below is the complete overview of subjects consisting in each level
Foundation Course:
Fundamentals of Economics And Management
Fundamentals of Accounting
Fundamentals of Laws and Ethics
Fundamentals of Business Mathematics and Statistics
Intermediate Course:
Group I-
Financial Accounting
Laws and Ethics
Direct Taxation
Cost Accounting
Group II-
Operations Management & Strategic Management
Cost & Management Accounting and Financial Management
Indirect Taxation
Company Accounts & Audit
Final Course:
Group I-
Corporate Laws & Compliance
Strategic Financial Management
Strategic Cost Management – Decision Making
Direct Tax Laws and International Taxation
Group II-
Corporate Financial Reporting
Indirect Tax Laws and Practice
Cost and Management Audit
Strategic Performance Management and Business Valuation
CMA INDIA PASS PERCENATGE
Examination | Pass Percentage (%) |
Foundation | 75.88% |
Intermediate Group I | 40.76% |
Intermediate Group II | 65.24% |
Intermediate (Passed in either one of the groups) | 13.82% |
Intermediate (Passed in both the groups) | 51.63% |
Final Group III | 34.02% |
Final Group IV | 57.13% |
Final (Passed in either one of the groups) | 31.90% |
Final (Passed in both the groups) | 38.45% |
Career after CMA INDIA
Unless like CA or any other professional course CA INDIA has various job opportunities. Few are stated below :
Financial Manager : A financial manager is responsible for a company's financial well-being by managing plans, studying finances, and reducing risk. They make important choices to maximize profits, share financial information with stakeholders, and ensure compliance with regulations.
Financial Analyst : A financial analyst researches financial data and market trends before advising on decisions. They examine company performance, assess investments, and make reports. They forecast future financial performance, assess risks, and recommend strategies to improve outcomes. They also share findings with stakeholders to aid decision-making.
Chief Investment officer : A financial analyst researches financial data and market trends before advising on decisions. They examine company performance, assess investments, and make reports. They forecast future financial performance, assess risks, and recommend strategies to improve outcomes. They also share findings with stakeholders to aid decision-making.
Cost Accountant : A cost accountant looks at and tracks company expenses in order to correctly estimate product or service costs. They contribute to cost control and budgeting, ensuring efficient resource allocation. Their insights help with strategic decision-making that improves profitability and financial efficiency.
Salary Package for CMA INDIA
As a fresher, a Certified Management Accountant (CMA) in India earns around 7 lakh rupees per annum, but with advanced skills, this can rise to 20 lakhs. With experience and expertise, CMAs have unlimited earning potential.
Advantages of CMA INDIA
CMAs are in high demand among leading multinational corporations due to their knowledge in cost and management accounting.
Better Job Opportunities: CMA certification provides a link to top management positions both in India and abroad.
Growth Opportunities: A CMA qualification ensures better career growth and promotion opportunities.
CMAs typically earn high salaries, making it a financially rewarding career choice.
Overall, CMA certification promotes professional development, job security, and social recognition.
Conclusion:
CMA INDIA is one such course where you get to find wide range of variety and pursue your dream job role as it is not confined to one particular topic.
FAQs
What is CMA India?
CMA India stands for Cost and Management Accounting. It's a professional course aimed at preparing future business leaders, particularly in the field of management accounting.
What are the eligibility criteria for CMA India?
What is the duration of the CMA India course?
What are the fees for the CMA India course?
What is the pass percentage for CMA India exams?
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