ICMAI CMA Final December 2026 is the last CMA exam stage, conducted by the Institute of Cost Accountants of India. Its Syllabus 2022 papers are scheduled for 10 to 17 December 2026, from 10 AM to 1 PM. The exam form closed on 10 October 2026 and is open with a Rs 500 late fee until 17 October 2026.
ICMAI CMA Final December 2026
This page covers the December 2026 CMA Final dates and paper-wise time table, the exam form and fees, eligibility and training, the Syllabus 2022 papers, admit card, result and pass marks.
| Full name | CMA Final Examination (Syllabus 2022), December 2026 term |
|---|---|
| Conducted by | The Institute of Cost Accountants of India (ICMAI) |
| Exam level | National professional exam, held twice a year (June and December terms) |
| Courses / Purpose | Third and last exam stage of the CMA (Cost and Management Accountant) course |
| Exam date | 10 to 17 December 2026, 10:00 AM to 1:00 PM (one paper a day) |
| Application | Online only; closed 10 October 2026, open with Rs 500 late fee until 17 October 2026 |
| Application fee | Rs 1,800 (one group) or Rs 3,200 (both groups); overseas US$ 100 or US$ 150 |
| Eligibility | Passed CMA Intermediate (both groups) before the penultimate term, enrolled in Final, training completed |
| Mode | Offline, centre-based; answers in English or Hindi |
| Questions and marks | 8 papers in 2 groups (one elective), 100 marks each; pass with 40% per paper and 50% aggregate |
| Duration | 3 hours per paper |
| Official website | icmai.in |
CMA Final December 2026 Important Dates
ICMAI’s December 2026 time table fixes the Final exam for 10 to 17 December 2026 and the result for no later than 5 February 2027.
| Event | Date |
|---|---|
| CMA Final exam (June 2026 term) | 11 to 18 June 2026, 10:00 AM to 1:00 PM |
| Final course enrolment cut-off (Dec 2026 term) | 4 August 2026 Released |
| Final result (June 2026 term) | 5 August 2026 Released |
| Notification (Dec 2026 term) | 13 August 2026 Released |
| Exam form (Dec 2026 term) | 13 August to 10 October 2026 Closed |
| Exam form with late fee of Rs 500 (Dec 2026 term) | 11 to 17 October 2026 Released |
| CMA Final exam (Dec 2026 term) | 10 to 17 December 2026, 10:00 AM to 1:00 PM Upcoming |
| Final result (Dec 2026 term) | By 5 February 2027 Upcoming |
| Admit card (Dec 2026 term) | To be announced |
What is the CMA Final December 2026 time table?
Every Final paper runs from 10 AM to 1 PM, and Group III and Group IV papers fall on alternate dates, so you can write both groups in the same term.
| Date | Paper | Group |
|---|---|---|
| 10 December 2026 (Thursday) | Paper 13: Corporate and Economic Laws | Group III |
| 11 December 2026 (Friday) | Paper 17: Cost and Management Audit | Group IV |
| 12 December 2026 (Saturday) | Paper 14: Strategic Financial Management | Group III |
| 13 December 2026 (Sunday) | Paper 18: Corporate Financial Reporting | Group IV |
| 14 December 2026 (Monday) | Paper 15: Direct Tax Laws and International Taxation | Group III |
| 15 December 2026 (Tuesday) | Paper 19: Indirect Tax Laws and Practice | Group IV |
| 16 December 2026 (Wednesday) | Paper 16: Strategic Cost Management | Group III |
| 17 December 2026 (Thursday) | Paper 20 elective (any one): 20A, 20B or 20C | Group IV |
CMA Intermediate papers are held on the same dates from 2 to 5 PM. Source: official December 2026 time table.
How to apply for CMA Final December 2026?
You apply online only, through icmai.in > Students > Examination > Online Application for Examination. No offline forms or demand drafts are accepted, for Indian or overseas centres. The last date without late fee was 10 October 2026; from 11 to 17 October 2026 you can still apply with a late fee of Rs 500.
Apply Online for CMA Final 2026
The CMA Final 2026 application window (13 August to 10 October 2026) has closed.
- Open the online exam application page, enter your current registration number and click the button beside it.
- Click the button beside the registration number field in the Online Examination Application form to load your details.
- Fill in your details, choose your exam centre and group(s), and select your Paper 20 elective if it is not selected yet. Then submit.
- Upload your photo and signature in JPG, JPEG or BMP format, under 40 KB each. They are printed on your admit card and can be changed only before payment.
- Choose the payment mode and pay the fee online. If money is deducted but the status shows incomplete, wait three working days before paying again.
| Fee | One group | Both groups |
|---|---|---|
| Centres in India | Rs 1,800 | Rs 3,200 |
| Overseas centres (Bahrain, Dubai, Muscat) | US$ 100 | US$ 150 |
| Late fee (11 to 17 October 2026) | Rs 500 | Rs 500 |
Enter your email ID and mobile number carefully, as ICMAI uses them for all exam messages. If you applied for one group and want to add the other, email [email protected] within the due date.
Who can appear for CMA Final December 2026?
You can sit the Final exam only if you passed CMA Intermediate (both groups) in the penultimate term or earlier, are enrolled in the Final course with a valid registration number, and have completed the Final training.
- Intermediate timing: a student who passes Intermediate in a December exam cannot sit Final in the next June exam.
- Enrolment: only Intermediate-qualified students can enrol, with a copy of the Intermediate pass marksheet. Enrolment must be done at least four months before the exam, by 31 January for a June term and by 31 July for a December term.
- Elective: you pick one of Papers 20A, 20B or 20C when you enrol for Final.
- Course fee: Rs 25,000 in one go, or Rs 15,000 at enrolment plus Rs 10,000 by the term cut-off. The second instalment must be paid to be eligible for the exam.
- Training: the Industry Oriented Training Programme (IOTP) must be completed before you fill the exam form for both or the remaining group, and 15 months of practical training must be completed before you appear in both or the remaining group.
- You must not be debarred by the Institute, and your exam form and fee must be submitted on time.
The enrolment window for December 2026 has closed (the 31 July cut-off was extended to 4 August 2026, as reported by Free Press Journal), so new Final students now aim for the June 2027 term, with an enrolment cut-off of 31 January 2027. Enrolment is online through the ICMAI student portal.
What are the CMA Final papers under Syllabus 2022?
CMA Final (Syllabus 2022) has seven compulsory papers and one elective, each of 100 marks, written as a 3-hour offline exam at a centre.
| Group | Paper | Sections and weight |
|---|---|---|
| Group III | Paper 13: Corporate and Economic Laws | Corporate Laws 60%, Economic Laws and Regulations 40% |
| Group III | Paper 14: Strategic Financial Management | Investment Decisions 25%, Security Analysis and Portfolio Management 35%, Financial Risk Management 20%, International Financial Management 15%, Digital Finance 5% |
| Group III | Paper 15: Direct Tax Laws and International Taxation | Direct Tax Laws 60%, International Taxation 40% |
| Group III | Paper 16: Strategic Cost Management | Strategic Cost Management for Decision Making 60%, Quantitative Techniques in Decision Making 40% |
| Group IV | Paper 17: Cost and Management Audit | Cost Audit 50%, Management Audit 25%, Internal Control and Audit 15%, Forensic Audit and Anti-Money Laundering 10% |
| Group IV | Paper 18: Corporate Financial Reporting | Six sections; the largest are Indian Accounting Standards 25%, Business Combinations 20% and Consolidated Financial Statements 20% |
| Group IV | Paper 19: Indirect Tax Laws and Practice | GST Act and Rules 70%, Customs Act and Rules 30% |
| Group IV | Paper 20A: Strategic Performance Management and Business Valuation (elective) | Strategic Performance Management 50%, Business Valuation 50% |
| Group IV | Paper 20B: Risk Management in Banking and Insurance (elective) | Risk Management in Banking 60%, Risk Management in Insurance 40% |
| Group IV | Paper 20C: Entrepreneurship and Start up (elective) | Eight sections, from Entrepreneurial Skill Sets to Types of New Age Business |
- You may write your answers in Hindi, but an answer script that mixes English and Hindi can be cancelled.
- Exam centres are in about 150 Indian cities, plus Bahrain, Dubai and Muscat. The December 2026 list uses new city names such as Prayagraj, Chhatrapati Sambhajinagar and Sri Vijaya Puram, and adds centres such as Dimapur, Gangtok, Imphal and Itanagar.
- Qualified Company Secretaries can apply for exemption in Papers 13, 19 and 20B, at Rs 1,000 per paper, at least 60 days before the exam.
How to get the CMA Final December 2026 admit card?
ICMAI releases the admit card online only, on the admit card page of icmai.in, and sends no copy by post. The release date for December 2026 has not been announced yet.
The photo and signature you uploaded with the exam form are printed on the card. The download steps are on the CMA admit card December 2026 page.
How is the CMA Final result declared and what are the pass marks?
ICMAI will publish the December 2026 Final result on icmai.in by 5 February 2027, and you check it with your 11-digit registration number and 6-digit roll number.
| Case | Pass rule |
|---|---|
| One group | 40% in each paper of the group and 50% aggregate of its non-exempted papers |
| Both groups together | 40% in each paper appeared and 50% aggregate taking both groups together |
| Paper exemption | 60% or more in a paper of a group you failed; counted as 50 marks, valid for the next three terms |
| Carry forward | 60% in a paper plus 40% in every other paper of the group lets you carry the actual marks forward |
Final marksheets are sent to each candidate, and a Certificate of Merit goes to those who pass all papers at one sitting without exemption. More on the CMA result December 2026 page.
What is the expected CMA Final December 2026 cut off?
CMA Final has no rank-based cut off: you qualify with the fixed pass marks above, and in June 2026 between 16.19% and 44.21% of candidates passed, depending on the groups taken.
| Appeared for | Appeared | Passed | Pass % |
|---|---|---|---|
| Group III only | 10,474 | 3,165 | 30.22 |
| Group IV only | 5,393 | 2,384 | 44.21 |
| Both groups, passed both | 4,337 | 1,430 | 32.97 |
| Both groups, passed one | 4,337 | 702 | 16.19 |
2026, official result analysis: ICMAI press release, June 2026 Intermediate and Final result (Syllabus 2022). With this result, 4,220 candidates completed the Final course.
Where does CMA Final fit in the CMA course?
Final is the last of three exam stages: Foundation, Intermediate and Final. You reach it after passing both groups of CMA Intermediate December 2026, the second stage of the course.
Along with the Final papers you complete coaching, the IOTP and 15 months of practical training. The ICMAI CMA December 2026 page covers all three levels.
Official CMA Final December 2026 Notices
- PDFIntermediate and Final Examination Time Table and Programme, December 2026 (13 August 2026)Official site · dwpivt501gtb6.cloudfront.netOpen
- PDFCMA Prospectus 2025, Syllabus 2022 (latest)Official site · dwpivt501gtb6.cloudfront.netOpen
- LINKICMAI official websiteOfficial site · icmai.inOpen