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Home > News & Articles > CMA Course: Full Form, About, Course Details, Duration, Fees, Eligibility, Salary
Updated on 17th November, 2023 , 9 min read
A Certified Management Accountant (CMA) is a professional specialisation in financial management and accounting for businesses and organisations. This qualification proves that a person is knowledgeable in both financial accounting and strategic company management. As a result, rather than audits, taxes, and other conventional accounting material, the CMA education process focuses on corporate decision-making.Check Out: Best Courses after 12th Commerce.
Obtaining the CMA certification is a wonderful career move, especially if you want to work in management accounting. But, before you begin, it is critical that you understand every aspect of the course, including eligibility, exam structure, salary, and the prospects it will provide. Check out: BBA Vs BCom- Which is Better?
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Check out the CMA course details in the table below.
| Course Level | Certificate Course |
| CMA Full Form | Certified Management Accounting |
| CMA Course Duration | 3-4 years |
| CMA Eligibility | Bachelor Degree along with 2 years of Experience |
| CMA Colleges in India | GCEC Jaipur, EBS Navi Mumbai, Jettwings Group of Institutes |
| CMA Course Fees | INR 100,000 |
| CMA Salary | INR 7 lakhs |
| Top Job Profiles | Finance Manager, Budget Analyst, Internal Auditor, Financial Analyst, Cost Accountant, Senior Accountant, etc. |
| Top Recruiting Companies | AT&T, Alcoa, Cargill, Boeing, Bank of America, etc. |
People Also Read: FCA Course (Fellow Chartered Accountant)
CMA, or Cost and Management Accounting, is a certificate course that awards the CMA title to those who complete it. The certification opens the door to a successful career in company accounting. The CMA course is built on four knowledge pillars: management, regulatory framework, strategy, and financial reporting. A candidate is designated as a CMA after passing the CMA test at one of the three levels listed below:
Popular Courses-
CMA full form is Certified Management Accounting. It is a certificate course provided by the Institute of Management Accountants or IMA in the USA. The Certified Management Accounting course helps to get specialize in Management and Executive level duties.
The eligibility criteria to apply for CMA exam at all three levels vary. Space below mentions the CMA course eligibility criteria for all three levels.
Check Out : CA Salary in India.
There are several reasons why you should take the Certificate Management Accounting course. Check them out in the list below.
Check out the online admission process for the CMA course in the points below.
Know Why ACCA Course is becoming popular among students.
Also know about ACCA Subjects
CMA Course: Foundation
| Documents to be enclosed with application form: | |
| Students desirous to apply for Registration ONLINE | |
| 1. | Attested Copy of Matriculation Certificate |
| 2. | Attested copy of 10+2 Certificate or Marks Statement |
| 3. | Passport size photographs,3(Three) - (One pasted on application form, one pasted on identity card and one to be attached with application) |
CMA Course: Intermediate
| Students Who want to to apply for Registration ONLINE | |
| 1. | Attested Copy of Matriculation Certificate |
| 2. | Attested copy of 10+2 Certificate or Marks Statement |
| 3. | Attested copy of the degree |
| 4. | 3(Three) Passport size photographs - (One pasted on application form, one pasted on identity card and one to be attached with application) |
| When to apply: |
| Foundation: |
| Admission to foundation course for the ICAI course is open throughout the year However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination should apply before 31st July of that year. |
| Intermediate: |
| Registration for the ICAI course is open throughout the year However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination should apply before 31st July of that year. |
Also Read: Best Jobs after B.Com.
| Examination | CMA Fees |
| CMA Foundation course | INR 6,000 |
| CMA Intermediate course | INR 23,100 |
| CMA Final course | INR 25,000 |
| Category | CMA Course Fees (Rs.) |
| CMA Final Level Students with Graduation | Rs.4,500/- + 18% GST |
| Qualified CMAs | Rs.5,400/- + 18% GST |
| Other Professionals / Post Graduates | Rs.6,000/- + 18 % GST |
Note:
| CA (Chartered Accountant) | CMA (Certified Management Accounting) |
| The CA is equipped with thorough knowledge of Taxation, Accounting and Auditing. | The Cost and Works Accountant is generally involved in collating, Collecting, assimilating and analysing the financial information of an organisation. |
| It can be attended only after passing Class XII board and completed after graduation from any university. | The Foundation course can be completed after X board but the Intermediate and Final examination requires completion of Class XII and foundation courses of CMA/CAT/ICSI orb Graduation in any discipline other than fine arts. |
| The membership of ICAI requires you to complete the final examination and required work experience along with it. It is very hard to acquire as the exam is more tough than ICWA | There is no prescribed requirement for membership. It is comparatively easier to acquire than CA. |
| The CA has a broader horizon in terms of job profile and gets paid more than ICWA initially | The job profile is limited to cost and financial management for the Cost and Works Accountant and gets paid little less than CA. |
| The certification of CA doesn't allow higher study in management institutes. | The degree of ICWA allows acquiring higher education in foreign institutes. |
Here are the differences between CMA in USA and India:
| Details | CMA USA | CMA India |
| Competent Body | Institute of Management Accountants | Institute of Cost Accountants of India |
| Duration | 1 Year | 3 Years |
| Prerequisites | Graduate + Work Experience | 10+2 Pass |
| Exam Structure | 2 Parts (1 Level) | 3 Levels – 20 Papers |
| Articleship | – | 6 Months |
To get the CMA certification, you must have:
The space below mentions the CMA 2023 exam pattern for intermediate and final courses:
The space below mentions the CMA 2023 exam pattern for foundation courses:
Candidates can check the important dates related to the result of CMA intermediate June 2023 from the table mentioned below. The dates for the CMA Intermediate result 2023 will be updated once notification will be released by the institute.
| Event | Date |
| CMA intermediate exam | June 27, 2023 to July 4, 2023 |
| CMA intermediate result | August 2023 (Tentative) |
CMA results will be announced on the website of the institute and can be checked by following the process mentioned below:
| Event | Date |
| CMA Final exam date | June 27 to July 4, 2023 |
| CMA Final result date | August 4, 2023 (Tentative) |
Candidates can check the CMA Final results 2023 by following the steps given below:
The syllabus for the CMA course is as follows:
| Paper Number | Subject Name |
| Paper 1 | Fundamentals of Economics |
| Paper 2 | Fundamentals of Accounting |
| Paper 3 | Fundamentals of Law and Ethics |
| Paper 4 | Business Mathematics and Statistics: Fundamentals |
| Paper Number | Subject Name |
| Group 1 | |
| Paper 5 | Financial Accounting |
| Paper 6 | Law & Ethics |
| Paper 7 | Direct Taxation |
| Paper 8 | Cost Accounting |
| Group 2 | |
| Paper 9 | OMSM: Operations and Strategic Management |
| Paper 10 | Cost & Management Accounting/Financial Management |
| Paper 11 | Indirect Taxation |
| Paper 12 | CAA: Company Accounts & Audit |
Paper Number | Subject Name |
Group 3 | |
| Paper 13 | Corporate Law & Compliance |
| Paper 14 | SFM: Strategic Financial Management |
| Paper 15 | SCMD: Strategic Cost Management: Decision Making |
| Paper 16 | Direct Tax Laws; International Taxation |
Group 4 | |
| Paper 17 | Corporate Financial Reporting |
| Paper 18 | Indirect Tax Laws, Practice |
| Paper 19 | Cost & Management Audit |
| Paper 20 | SFP: Strategic Performance Management & Business Valuation |
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The following are the responsibilities that a Certified Management Accountant is expected to fulfill in the relevant job in a corporate.
Students are placed both through campus as well as off-campus. Students are equipped to not just pursue strictly accounting profiles on organizations, but can also leverage their knowledge and experience to venture into fields like consulting and management.
Students can explore and take up multiple roles in a company post their course completion. These include:
As of now, IT, ITeS and Telecommunications happen to be the industries that offer most in terms of remuneration. The average salary offered to freshers starts at INR 22,000-25,000 per month. With experience and exposure, this, of course, would rise. The table below mentions the average salaries of top job positions in organisations offered to candidates holding a CMA designation
| Job Title | Average Salary (In INR) |
| Cost Controller | 6.94 LPA |
| Finance Manager | 10.86 LPA |
| Chief Financial Officer (CFO) | 36.98 LPA |
| Senior Financial Analyst | 8.17 LPA |
| Accountant | 2.92 LPA |
| Certified Management Accountant | 5 LPA |
| Cost Accountant | 7.05 LPA |
| Financial Controller | 24.35 LPA |
| Internal Auditor | 5.85 LPA |
| Finance Analyst | 5.40 LPA |
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By - Nikita Parmar 2023-02-17 05:45:46 , 4 min readCMA Course: Full Form, About, Course Details, Duration, Fees, Eligibility, Salary
By - Mayank Mishra 2023-11-17 10:38:53 , 9 min readCMA full form is Certified Management Accounting.
CMA course after 12th.
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