Hello guys… Do you want to study CMA course? Want to get details of CMA course? Searching for CMA course details like eligibility, fees etc. If you are searching for these questions then this post suits you. Here in this article we are providing complete details of CMA course. Follow this post in order to get the complete CMA.
CMA full form is Cost Management Accounting. Earlier this course is known as ICWA. If you complete this course, then you will become Cost Accountant. This is the most popular course in field of commerce. This is the best and on demand course. The completion of CMA course provides you various opportunities.
What Is CMA Course?
CMA stands for Cost Management Accounting. After completing this course you will be a cost accountant. This course is suitable for commerce students. The ICMAI (The Institute of Cost Accountants of India) conducts and manages the Cost and Management Accounting course. CMA is one of the toughest course in India. This course provides you the knowledge on how to manage finance competently. Cost Accountants are involved in the costing part of a financial transaction. This course is a 3 level exam and the student should clear all the levels in order to become Cost Accountant. The completion of CMA course takes 3 years.
CMA Course Details
There is a huge demand for this course. Many students want to pursue Cost and Management Accounting course are searching for course details. So, to help them here we are providing complete details of course like eligibility, fees, papers, salary and jobs.
CMA Course Exams
CMA is a 3 level exam. In order to become Cost Accountant the students should clear all the e levels of exam. The 3 levels of CMA exam are mentioned below.
- Foundation
- Intermediate
- Final
So, the students have to clear all the 3 exams in order to become a CMA professional.
CMA Course Eligibility
As this is a 3 level examination, the eligibility is different for different courses. The eligibility criteria is different for different levels. They are mentioned below.
- The minimum eligibility to pursue foundation course is the student should complete 10th standard from recognized board.
- The eligibility criteria to get admission in intermediate level is the students should complete foundation course/ the student should complete 12th standard from recognized board or university or the student should complete graduation of any stream rather than fine arts.
- The candidates who have passed CMA Intermediate level can apply for CMA Final level.
CMA Course Duration
The CMA course duration is different for different stages. The duration of each level is mentioned below.
- The duration to complete foundation course is minimum of 8 months.
- The duration to complete intermediate course is minimum of 10 months.
- The duration to complete Final course is minimum of 18 months.
How To Become A Cost Accountant?
To become a Cost accountant you have to complete CMA course. The procedure on how to become CMA is given below. As this is a 3 stage exam the candidates have to clear all the stages to become Cost accountant.
- First the students should apply for CMA foundation level. They can join in this stage after completing their 10th standard.
- After clearing foundation course they should apply for CMA Intermediate. The students who have cleared foundation level and passed 12th standard can apply for this level. The students who have completed graduation of any stream rather than fine arts can apply for Intermediate course.
- The students who have completed CMA Intermediate stage can apply for CMA Final level.
So, by clearing all the 3 levels of CMA course, the students becomes a Cost Accountant professional.
CMA Course Papers
CMA is a 3 level exam and each exam structure varies from one another. The course papers are different for foundation, intermediate and final level. Find here details of papers of CMA course.
CMA Foundation Level Papers
This is the first stage of CMA course. Ther are 4 papers for this course. In order to complete foundation course you have to study well these subjects.
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
CMA Intermediate Level Papers
This is the 2nd level of Cost and Management Accounting course. the students who have completed Foundation course can pursue CMA Intermediate level. There are 6 papers in this level. They are mentioned below.
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
CMA Final Level Papers
Final is the last and 3rd level of CMA. After completing this level the student becomes a Cost Accountant professional. There are 6 papers in this level. They are listed below.
Paper 13: Advanced Financial Management
Paper 14: Tax Management and Practice
Paper 15: Business Strategy & Strategic Cost Management
Paper 16: Corporate Financial Reporting
Paper 17: Strategic Performance Management
Paper 18: Corporate Laws and Compliance
Paper 19: Financial Analysis & Business Valuation
Paper 20: Cost and Management Audit
CMA Salary And Career
The CMA is the best course and the role cost accountant is on demand. After completing CMA, one can become a professional Cost Accountant. In India many top companies offer good amount of salary to Cost Accountants. The minimum salary of a cost accountant is 3 to 4 lakhs per month. There are many career options for cost accountants.
CMA Job Roles
Here we are listing job roles of a CMA. Get the details and choose the best role.
- Cost Manager
- Relationship Manager
- Financial Risk Manager
- Financial Controller
- Cost Accountant
- Chief Financial Officer
- Finance Manager
- Financial Analyst
This is all about CMA Course details. If you have any queries regarding this post, please do comment in below comment section, we will update as early as possible. Stay connects with our site for more recent updates. Thank you for visiting our site team @ www.universitynews.in
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