CMA stands for Cost and Management Accounting and is designed to encourage youngsters to become tomorrow’s business leaders. It is a great career option for the young generation nowadays. As you studied in detail in my blog about the CMA course, the course levels, duration, course fee, eligibility criteria, and many more details.
In this, I share some links about the course, study material, and classes that will help you achieve good scores in CMA exams.
Levels and Durations of CMA
There are three levels in the CMA course
The duration of the CMA course is three years. Each level can take at least six to twelve months to finish, depending on your commitment and study speed.
CMA Foundation Level
This is the first level of CMA and the entry point for the CMA course. This introduces the basic concepts of accounting.
There are four papers at this level, and they are:
Paper 1: Fundamentals of Business Laws and Business Communication
Paper 2: Fundamentals of Financial and Cost Management
Paper 3: Fundamentals of Business Mathematics and Statistics
Paper 4: Fundamentals of Business Economics and Management
Link to detailed content for books: https://icmai.in/studentswebsite/Syl-2022-Fdn-Stdy-Mtrls.php
Link to detailed content for the syllabus: https://icmai.in/studentswebsite/Syl-2016-Fdn.php
CMA intermediate Level
This is the next level after the foundation level. This level enhances the knowledge gained at the foundation level. If anyone completes their graduation, they can directly enter the intermediate level of CMA.
Paper 5: Business Laws and Ethics
Paper 6: Financial Accounting
Paper 7: Direct and Indirect Taxation
Section A: Direct Tax
Section B: Indirect Tax
Paper 8: Cost Accounting
Paper 9: Operations Management and Strategic Management
Paper 10: Corporate Accounting and Auditing
Paper 11: Financial Management and Business Data Analysis
Paper 12: Management Accounting
Link to detailed content for books: https://icmai.in/studentswebsite/Syl-2022-Inter-Stdy-Mtrls.php
Link to detailed content for the syllabus:https://icmai.in/studentswebsite/Syl-2016-Inter.php
CMA Final Level
This is the final level of the CMA course. It will be after you complete the intermediate level. It covers advanced topics in costing techniques and financial analysis.
This level also consists of two groups and each group is further divided into four papers:
Paper 13: Corporate and Economic Laws
Paper 14: Strategic Financial Management
Paper 15: Direct Tax Law and International Taxation
Paper 16: Strategic Cost Management
Paper 17:Cost and Management Audit
Paper 18:Corporate Financial Reporting
Paper 19: Income Tax Law and Practice
Paper 20 A: Strategic Performance and Business Valuation
Paper 20 A: Risk Management in Banking and Insurance
Paper 20 A: Entrepreneurship and Start-up
Link to detailed content for books: https://icmai.in/studentswebsite/Syl-2022-Final-Stdy-Mtrls.php
Link to detailed content for the syllabus: https://icmai.in/studentswebsite/Syl-2016-Final.php
Last but not least,