Cost & Management Accountancy (CMA)

The CMA programme, short for Cost Management Accounting is one of the most viable programmes in the finance sector.For someone who dreams to make it big in the management accounting field, the CMA course would be a great choice.

In recent times, the programme has become a quite popular choice amongst commerce students or the ones aspiring to enter the commerce field.

Cost Management Accounting is a certificate programme designed to train students for working in different industries and corporate functions. In India, the credentials of the CMA course are issued by the Institute of Cost Accountants of India (ICAI). The programme mainly focuses on valuation issues, financial statement analysis, working capital policies, external financial reporting, etc.

CMA Papers (Foundation Course)

• Foundation Course: Paper 1 (Fundamentals of Economics and Management (FEM))
• Paper 2 (Fundamentals of Accounting (FOA))
• Paper 3 (Fundamentals of Laws and Ethics (FLE))
• Paper 4 (Fundamentals of Business Mathematics and Statistics (FBMS))

Intermediate Course (Group I)

• Paper 5 (Financial Accounting (FAC))
• Paper 6 (Laws & Ethics (LNE))
• Paper 7 (Direct Taxation (DTX))
• Paper 8 (Cost Accounting (CAC))

Group II

• Paper 9 (Operations Management & Strategic Management (OMSM))
• Paper 10 (Cost and Management Accounting and Financial Management (CMFM))
• Paper 11 (Indirect Taxation (ITX))
• Paper 12 (Company Accounts and Audit (CAA))

Final Course (Group 111)

• Paper 13 (Corporate Laws and Compliance (CLC))
• Paper 14 (Strategic Financial Management (SFM))
• Paper 15 (Strategic Cost Management – Decision Making (SCMD))
• Paper 16 (Direct Tax Laws and International Taxation (DTI))

Group IV

• Paper 17 (Corporate Financial Reporting (CFR))
• Paper 18 (Indirect Tax Laws and Practice (ITP))
• Paper 19 (Cost and Management Audit (CMAD))
• Paper 20 (Strategic Performance Management and Business Valuation (SPBV))