Institute of Cost Accountants of India (ICMAI) conduct the CA Intermediated exam twice in a year i.e. June and December. Candidates have to appear in three phases to become a Cost and Management Accountant (CMA). Candidates who want to apply for CMA Intermediate exam, they first need to qualify the Foundation test, Intermediate and then Final test. The candidates should prepare according to the prescribed syllabus of ICMAI CMA Intermediate. Interested candidates can check the complete details of ICMAI CMA Intermediate from this article.
Latest: CMA Intermediate June 2020 exams have been merged with December 2020 exams. Check more details below.
ICMAI CMA Intermediate
Candidates first need to register themselves for the course they want to go for. After the examination candidates will be able to appear for the examination and see te result. CMA Intermediate examination is consist of twelve papers. Given below has all the dates for the examination of both the session.
|Exam Date||Group 1||Group 2|
|Financial Accounting (P-05)||–|
|–||Operations Management & Strategic Management (P-09)|
|Laws & Ethics (P-06)||–|
|–||Cost & Management Accounting and Financial Management (P-10)|
|Direct Taxation (P-07)||–|
|–||Indirect Taxation (P-11)|
|Cost Accounting (P-08)||–|
|–||Company Accounts & Audit (P-12)|
Notification Regarding Merging of ICMAI CMA Intermediate June 2020 Exams with December 2020 Exams
Click here to check the complete notification regarding merging of exams.
CMA Intermediate Eligibility Criteria
- Candidate must be 10+2 passed or equivalent examination and have a secured the Foundation course from Institute of Cost Accountants of India
- Qualified the Foundation (Entry Level) Part I Examination of Certificate in Accounting Technicians (CAT) Course of the Institute of Cost Accountants of India.
- Candidate must have secured engineering coursed or pursuing Degree examination from any recognized University or equivalent examination in any subject other than music, dancing, painting, photography, & sculpture etc.
Syllabus for CMA Intermediate
The candidates can check the complete of CMA Inter December Group I and Group II from below. After checking the complete syllabus candidates can prepare according to the syllabus.
CMA Intermediate Syllabus Group 1
- Paper 5- Financial Accounting
- Paper 6- Laws & Ethics
- Paper 7- Direct Taxation
- Paper 8- Cost & Management Accounting
CMA Intermediate Syllabus Group 2
- Paper 9- Operating Management & Strategic Management
- Paper 10- Cost & Management Accounting & Financial Management
- Paper 11- Indirect Taxation
- Paper 12- Company Accounts & Audit
Click Here to download detailed information regarding CWA Intermediate Syllabus 2019.
Exam Pattern for CMA Intermediate
Intermediate consists of a total of 12 papers consisting of 100 marks each
- Duration of Examination: 3 hours
- Mode of Examination: 60% objective, 40% subjective
CMA Intermediate Syllabus – Syllabus 2016 – Intermediate Course, Group 1
Paper 5: Financial Accounting
|A- Accounting- Basics||25|
|B- Preparation of Financial Statements||40|
|C- Self Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch &|
|D- Accounting in Computerised Environment and Accounting Standards||15|
Paper 6: Laws and Ethics
|A- Commercial Laws||30|
|B- Industrial Laws||25|
|C- Corporate Law||35|
Paper 7: Direct Taxation
|Income Tax Act Basis||10|
|Heads of Income and Computation of Total Income and Tax Liability||70|
|Tax management, administrative procedures and ICDS||20|
Paper 8: Cost Accounting
|Introduction of Cost Accounting||40|
|Methods of Costing||30|
|Cost Accounting Techniques||30|
CMA Intermediate Syllabus – Syllabus 2016 – Intermediate Course, Group 2
Paper 9: Operations and Strategic Management
Paper 10: Cost and management accounting and Financial Management
|Cost & Management Accounting and Financial Management||50|
Paper 11: Indirect Taxation
|Cannons of Taxations – Indirect Tax GST||80|
Paper 12: Company Accounts and Audits
|Accounts of Joint Stock Companies||50|
About Institute of Cost Accountants of India (ICMAI)
The institute Cost Accountants of India (ICMAI), formerly named as the Institute of Cost & Works Accountants of India (ICWAI), is a significant professional accountancy body in India with the objects of promoting, developing and regulating the profession of cost and management accountancy. It is the only licensing cum regulating the body in the country. It tells the cost accounting standards to be followed by companies in India, to which statutory body they were applicable. It also helps with cost accountants while discharging their services. ICMAI works with Central and state government and other regulating bodies in India e.g., Securities and Exchange Board of India, Reserve Bank Of India.
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