CMA Final 2024 for June session was held from 11 to 18 June 2024. ICMAI has revised the exam dates for the ICMAI CMA Foundation, Inter, and Final exams scheduled for August 2024. To participate in the June Term examinations, candidates are required to download their admit cards online from icmai.in.
The Institute of Cost Accountants of India (ICAI), formerly known as the Institute of Cost and Work Accountants of India (ICWAI), oversees the three stages required to become a Cost and Management Accountant. The initial stage is the Foundation Course, followed by the Intermediate Course, and culminating in the Final course. Upon successful completion of the CMA Final exam, candidates become eligible for membership with ICAI. For comprehensive details about the ICMAI exams, candidates are encouraged to refer to the official website and relevant information provided on this page.
ICMAI CMA Final June 2024 result will be released on 23 August 2024. Get the link to check result here.
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ICMAI 2024 Exam
ICMAI 2024 Dates
ICMAI announces the exam date and other important dates of the ICMAI 2024 exam. If you want to become a Cost and Management Accountant then check the schedule here
ICMAI 2024 Exam Overview
Highlights of the examination are as follows.
| Aspects | Details |
|---|---|
| Name of Exam | ICMAI |
| Organizing Body | ICMAI |
| Full Form of ICMAI | The Institute of Cost Accountants of India |
| Level of Exam | Entry Level exam for Accountants |
| Official Website | icmai.in |
| Minimum Educational Qualification | As per eligibility criteria |
Who is Cost and Management Accountant (CMA)?
A Cost and Management Accountant (CMA) is a professional who specializes in guiding managerial decisions, establishing budgets and standards, assessing operational efficiency, and evaluating the effectiveness of production and service management. The role of a CMA involves designing and implementing efficient management information and control systems, planning costing systems and methods, inventory control with mathematical models, investment analysis, project management, internal audit, and more. The objective is to provide management with the necessary information to make informed decisions.
Cost Accountants, or CMAs, are in high demand across various sectors, including government, private, banking and finance, developmental agencies, education, training, research, service, and public utility sectors.
What are the Job Opportunities for CMA?
Job Opportunities for CMAs include:
- Cost Accounting and Financial Management
- Financial/Business Analyst and Systems Analysis & System Management
- Auditing and Internal Control
- Tax Management
- ERP Implementation
- Process Analysis in BPO Houses
- Implementing Business Intelligence Systems
- Academia – as Faculties
What is ICMAI?
ICMAI, which stands for The Institute of Cost Accountants of India, is the governing body responsible for conducting CMA exams. Established on May 28, 1959, under the Cost and Works Accountants Act, ICMAI plays a crucial role in regulating and promoting the profession of Cost and Management Accountancy. With its headquarters in Kolkata and regional offices in Mumbai, Chennai, and New Delhi, ICMAI oversees a large student and member base, contributing to the field globally.
What are the Stages to Become CMA?
There are three (03) stages to become a Cost and Management Accountant, which are:
- CMA Foundation
- CMA Intermediate
- CMA Final
ICMAI Course Eligibility and Course Details
Candidates can check the eligibility and details for all the courses of ICMAI below.
ICMAI Foundation
ICMAI Foundation Course Eligibility and Course Details:
The ICMAI Foundation course offers the Certified Management Accountant (CMA) qualification, focusing on developing skills in financial accounting and strategic management. In addition to core strategies, management, and accounting, the course emphasizes regulatory aspects. Upon completion of the foundation course, candidates are certified with knowledge in financial planning, analysis, control, decision support, and professional ethics.
Eligibility Criteria for CMA Foundation:
Candidates must meet the following eligibility requirements:
- Passed Class 10 or its equivalent from a recognized Board or Institution.
- Passed Senior Secondary Examination under the 10+2 scheme of a recognized Board, an equivalent examination recognized by the Central Government, or National Diploma in Commerce Examination conducted by the All India Council for Technical Education, or Diploma in Rural Service Examination conducted by the National Council of Higher Education.
Subjects in CMA Foundation:
- Paper 1: Fundamentals of Economics and Management
- Paper 2: Fundamentals of Accounting
- Paper 3: Fundamentals of Laws and Ethics
- Paper 4: Fundamentals of Business Mathematics & Statistics
ICMAI Intermediate
ICMAI Intermediate Course Eligibility and Details:
The ICMAI Intermediate course is of twelve (12) months duration, representing the second level after clearing the foundation course on the path to becoming a Cost Accountant. The course covers subjects such as Cost and Management Accountancy, Statistics, Auditing, Tax Laws and Tax Planning, Organization and Management Fundamentals, Accounting, Economics, and Business Fundamentals.
Eligibility Criteria for CMA Intermediate:
Candidates must fulfill the following eligibility criteria
- Passed Senior Secondary School Examination (10+2) and Foundation Course of the Institute of Cost Accountants of India.
- Hold a Graduation degree in any discipline other than Fine Arts.
- Passed Foundation (Entry Level) Part I Examination of CAT of the Institute and Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute.
- Passed Foundation of ICSI/Intermediate of ICAI along with 10+2.
Subjects in CMA Intermediate:
- Paper 5: Financial Accounting
- Paper 6: Laws, Ethics and Governance
- Paper 7: Direct Taxation
- Paper 8: Cost accounting and financial management
- Paper 9: Operation Management Information System
- Paper 10: Cost and Management Accounting
- Paper 11: Indirect Taxation
- Paper 12: Company Accounts & Audit
ICMAI Final is a 12-month course, representing the minimum duration and serving as the final level or stage of study before practical training on the path to becoming a Cost and Management Accountant. The course encompasses subjects such as Cost and Management Accountancy, Statistics, Auditing, Tax Laws and Tax Planning, Organization and Management Fundamentals, Accounting, Economics, and Business Fundamentals, among others. Offered by the Institute of Cost and Management Accountants of India (ICMAI), the course combines postal tuition with mandatory coaching classes for a specified period. Study material is provided to students at the time of admission.
CMA Final
Eligibility Criteria for CMA Final:
To be eligible for the CMA Final, candidates must have passed the Intermediate Examination of the Institute of Cost Accountants of India.
Subjects in CMA Final:
- Paper 13: Corporate Laws and Compliance
- Paper 14: Advanced Financial Management
- Paper 15: Business Strategy & Strategic Cost Management
- Paper 16: Tax Management and Practice
- Paper 17: Strategic Performance Management
- Paper 18: Corporate Financial Reporting
- Paper 19: Cost and Management Audit
- Paper 20: Financial Analysis & Business Valuation
Admission Process for CMA courses
2023
About ICMAI
The Institute of Cost Accountants of India, formerly known as The Institute of Cost and Works Accountants of India, was initially established in 1944 as a registered company under the Companies Act. Its primary objectives are to promote, regulate, and develop the profession of Cost Accountancy.
Objectives of the Institute:
- Develop the Function of Cost and Management Accountancy: Foster the Cost and Management Accountancy function as a potent tool of management control across all spheres of economic activities.
- Promote Scientific Methods in Cost and Management Accountancy: Encourage and develop the adoption of scientific methods in cost and management accountancy.
- Develop the Professional Body of Members: Equip members to fulfill their functions and meet the Institute’s objectives in the context of the developing economy.
- Stay Current with Latest Developments: Keep abreast of the latest developments in cost and management accounting principles and practices. Incorporate essential changes for sustained vitality in the industry and other economic activities.
- Supervise Entrants to the Profession: Exercise supervision for those entering the profession and ensure strict adherence to the best ethical standards.
- Organize Seminars and Conferences: Conduct seminars and conferences on subjects of professional interest in different parts of the country to facilitate the cross-fertilization of ideas for professional growth.
- Conduct Research and Publication Activities: Undertake research and publication activities covering various economic spheres. Publish books and booklets to disseminate information of professional interest to members in industrial, education, and commercial units in India and abroad.
Contact Details
The Official website is icmai.in