Guideline of CMA Course 2020-21- Basic steps to become a CMA

The CMA course has two parts: practical training and a theoretical (examination) component. The theoretical component involves passing the following three exams:

1. CMA Foundation

2. CMA Intermediate

3. CMA Final

CMA Levels

CMA Foundation Exam

The Syllabus of the CMA Foundation Course comprises of 4 papers

1. Paper 1: Fundamentals of Economics and Management

2. Paper 2: Fundamentals of Accounting

3. Paper 3: Fundamentals of Laws and Ethics

4. Paper 4: Fundamentals of Business Mathematics and Statistics

CMA Intermediate Exam

Group – 1

1. Paper 5: Financial Accounting

2. Paper 6: Laws & Ethics

3. Paper 7: Direct Taxation

4. Paper 8: Cost Accounting

Group – 2

1. Paper 9: Operations Management & Strategic Management

2. Paper 10: Cost & Management Accounting and Financial Management

3. Paper 11: Indirect Taxation

4. Paper 12: Company Accounts & Audit

CMA Final Exam

Group- 3

a. Paper 13: Corporate Laws and Compliance

b. Paper 14: Advanced Financial Management

c. Paper 15: Strategic Cost Management – Decision Making

d. Paper 16: Direct Tax Laws and International Taxation

Group 4 –

a. Paper 17: Corporate Financial Reporting

b. Paper 18: Indirect Tax Laws and Practice

c. Paper 19: Cost and Management Audit

d. Paper 20: Strategic Performance Management and Business Valuation

Cost and Management Accountant is answerable for the distribution, the executives, and the guideline of assets in business; any business

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