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Cost & Management Accountancy (CMA)

Cost & Management Accountancy (CMA)

Course Overview

Cost & Management Accountancy (CMA) is a professional certification focusing on financial management, cost accounting, and strategic planning. The course equips candidates with skills in budgeting, auditing, cost control, and decision-making, making them vital for business operations.

Duration:

The minimum duration of the CMA course is 3 to 4 years, depending on how quickly a student clears each level and the mandatory practical training of 6 months post the CMA Intermediate level.

Syllabus (Semester-wise):

The CMA course does not follow a typical semester system but is divided into three levels by the Institute of Cost Accountants of India (ICMAI).

Level 1: CMA Foundation Course

  • 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 and Statistics

Level 2: CMA Intermediate (Group 1 & Group 2)

Group 1:

  • Paper 5: Financial Accounting

  • Paper 6: Laws & Ethics

  • Paper 7: Direct Taxation

  • Paper 8: Cost Accounting

Group 2:

  • Paper 9: Operations Management & Strategic Management

  • Paper 10: Cost & Management Accounting and Financial Management

  • Paper 11: Indirect Taxation

  • Paper 12: Company Accounts & Audit

Level 3: CMA Final (Group 1 & Group 2)

Group 1:

  • Paper 13: Corporate Laws & Compliance

  • Paper 14: Strategic Financial Management

  • Paper 15: Strategic Cost Management - Decision Making

  • Paper 16: Direct Tax Laws and International Taxation

Group 2:

  • Paper 17: Corporate Financial Reporting

  • Paper 18: Indirect Tax Laws & Practice

  • Paper 19: Cost and Management Audit

  • Paper 20: Strategic Performance Management and Business Valuation

Average Fees:

The average fee for the CMA course, including registration, coaching, and exams, is around INR 1 lakh to 1.5 lakhs.

Exams to Attend:

  • CMA Foundation Exam

  • CMA Intermediate Exam (Group 1 and Group 2)

  • CMA Final Exam (Group 1 and Group 2)

Ten Most Ranking Institutions Combined Ranking in India:

  1. Institute of Cost Accountants of India (ICMAI) – National Level

  2. EduPristine, Mumbai

  3. Naryana Business School, Ahmedabad

  4. IIFA, Pune

  5. ICAT (Indian Centre for Advance Accounting & Taxation), Hyderabad

  6. SAGE University, Indore

  7. The Institute of Chartered Financial Analysts of India (ICFAI) Business School, Hyderabad

  8. Elite School of Professional Accounting, Chennai

  9. Lakshya CA & CMA Campus, Cochin

  10. Logic School of Management, Cochin

Top Ten Institutions in Kerala:

  1. Lakshya CA & CMA Campus, Cochin

  2. Logic School of Management, Cochin

  3. Mastermind CMA Academy, Kottayam

  4. Inspire Academy, Calicut

  5. Pinnacle Academy, Thiruvananthapuram

  6. Prince CMA College, Palakkad

  7. KS Academy, Ernakulam

  8. Coral CMA College, Thrissur

  9. Shankar CMA Academy, Thrissur

  10. TICS Institute, Kollam

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