CMA Intermediate Course Details 2023
The CMA-ICWAI Intermediate Course, also known as the Institute of Cost and Work Accountants of India (ICWAI) Intermediate Course, is a twelve-month course that serves as the second level/stage of study after completing the foundation course on the path to becoming a Cost Accountant. Cost and Management Accountancy, Statistics, Auditing, Tax Laws and Tax Planning, Organization & Management Fundamentals, Accounting, Economics and Business Fundamentals, and other subjects and themes are covered in the ICWAI course.
At the time of admission the Institute of Cost and Work Accountants of India (ICWAI) at the time of admission, students are given study materials. CMA Intermediate Exams are held twice a year, in June and December.
What is CMA Intermediate?
CMA Intermediate is the Second level of CMA Course. CMA intermediate course contains two groups (Group 1 and Group 2).
What is CMA and what is its purpose?
The Institute of Cost and Management Accountants of India (ICMAI) offers a professional education in cost and management accounting. It was founded with the goal of promoting and regulating the profession in India.
What steps do I need to take to become a Cost Management Accountant (CMA)?
To become a Cost Management Accountant the student has to complete CMA Foundation, CMA Intermediate, and CMA Final all the three levels of the CMA Course.
CMA - ICWA INTERMEDIATE ELIGIBLITY 2023
- A student passed the Senior Secondary School Examination (10+2) and the Foundation Course of the Institute of Cost Accountants of India/Graduation in any field other than Fine Arts/ Foundation Course of the Institute of Cost Accountants of India/ (Entry Level) Part I of the Institute/CAT Foundation's Examination (Entry Level) Part I: Exam and Level of Competency Part II of the Institute's CAT Examination.
- A student passed ICSI Foundation/ICAI Intermediate are eligible to apply.
Note: Those who are currently enrolled and waiting for their results can also apply for provisional admission.
CMA – ICMAI Exam Pattern 2023
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Particulars
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Details
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Mode of exam
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Online-centre based
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Type of questions
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Objective and descriptive
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Maximum marks per paper
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100
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Number of papers
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8
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Exam Duration
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3 hours per paper
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Total Number of questions
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120
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Marking scheme
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No negative marking
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CMA – ICMAI Fees Details 2023
Option I (Without Installment)
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Particulars
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Amount
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Remarks
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Intermediate
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Rs. 22,000/-
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Payable on or before 31st January for June term and 31st July for December term of examinations
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Option II (With Installment)
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Particulars
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Amount
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Remarks
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Intermediate
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Rs. 12,000/- (1st Installment)
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At the time of Registration into Intermediate course
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Rs. 10,000/- (2nd Installment)
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Payable on or before 31st January for June term and 31st July for December term of examinations
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Note:
- The 2nd Installment of Rs. 10,000/- must be paid on or before the 31st January for the June term and the 31st July for the December term of examinations to be eligible to appear in Intermediate examinations.
- If the student fails to pay the second payment within the given timeframe specified in point 1, the installment facility will be extended for the next three terms. The second installment must be paid by the due dates (on or before 31st January for June term and 31st July for December term of examinations).
- No student may appear for the Intermediate examination unless the second installment has been paid.
- Failure to pay the second payment within the time constraints specified in points 1 and 2 will result in loss of the amount previously paid as the first installment, with the exception of Registration Fees, which seem to be valid for 7 years from the date of registration.
- After paying the first installment, the student will get study materials for both groups and will be able to choose between oral and postal coaching for either Group (Group I/II).
- After paying the second installment, the student will be able to choose between oral/postal group coaching, computer coaching, and other coaching.
CMA – ICMAI Registration Details 2023
Students who wish to apply for registration ONLINE can do so by visiting www.icmai.in
When to Apply for CMA - ICWA 2023
The ICMAI course is open for registration year around. Students who wish to appear for the June Term Examination must apply by the 31st of January of that year, and students who wish to appear for the December Term Examination must apply by the 31st of July of that year.
Documents required to Apply for CMA - ICWA 2023
Documents to be attached with application form:
- Attested Copy of Matriculation Certificate
- Attested copy of 10+2 Certificate or Marks Statement
- Attested copy of the degree
- 3 (Three) Passport size photographs - (One pasted on application form, one pasted on identity card and one to be attached with application)
(Any member of The Institute of Cost Accountants of India/The Institute of Chartered Accountants of India/The Institute of Company Secretaries of India/Parliament/State Legislative Assembly, or a Gazetted Officer or a College Principal)
Where to Apply for CMA 2023
All students must return their completed Postal Application form, along with all required documentation and payments, to their local Regional Councils / Chapters.
The following are the regional councils and the areas they cover:
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Address of Regional Councils
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Area Covered
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Western India Regional Council "Rohit Chambers",4th Floor Janmabhoomi Marg, Fort Mumbai - 400 001 Ph : 022-22872010/ 22841138/ 22043406/ 22043416 Fax : 91- 022- 22870763 Email: wirc@icmai.in Web site : www.icwai-wirc.org
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The State of Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Goa and the Union Territories: Daman Diu, Dadra, and Nagar Heveli.
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Southern India Regional Council 4, Montieth Lane, Egmore, Chennai - 600 008 Ph:044-28554443/28554326/28528219 Fax : 91- 044- 28554651 Website: www.sircoficwai.com Email: sirc@icmai.in
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The State of Andhra Pradesh, Karnataka, Kerala, Tamilnadu, Pondicherry and the Union Territory: the Lakshadweep
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Eastern India Regional Council 84, Harish Mukherjee Road, Kolkata - 700 025 Ph : 033 -24553418 /24555957 Fax : 91 033-2455-7920 Email: eirc@icmai.in
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The States of Assam, Arunachal Pradesh, Bihar, Jharkhand, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Tripura, West Bengal, Sikkim, the Union Territories: The Andaman and Nicobar Islands and Foreign Countries.
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Northern India Regional Council 3, Institutional Area, Lodi Road, New Delhi - 110 003 Ph : 011 - 24626678 / 24615788 Fax : 24622156 Email: nirc@icmai.in
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The States of Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Rajasthan, Uttar Pradesh, Uttaranchal and the Union Territory: Chandigarh.
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Aspirants taking the Intermediate and Final Exams have the option of answering questions in Hindi. Students interested in oral coaching can contact their local Regional Council or Chapter.
CMA Intermediate Syllabus 2023:
CMA Intermediate Exam consists of two groups viz,
Group -1
- Paper – 5 Business Laws & Ethics (BLE)
- Paper – 6 Financial Accounting (FA)
- Paper – 7 Direct & Indirect Taxation (DITX)
- Paper – 8 Cost Accounting (CA)
Group -2
- Paper – 9 Operations Management & Strategic Management (OMSM)
- Paper – 10 Corporate Accounting & Auditing (CAA)
- Paper – 11 Financial Management & Business Data Analytics (FMDA)
- Paper – 12 Management Accounting (MA)
Students willing to register online for CMA Intermediate course can visit the ICMAI’s (ICWAI) official website www.icmai.org
CMA Intermediate GROUP 1 Syllabus with Topic-wise Weightage 2023
Paper 5: Financial Accounting (FAC)
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Section A- Accounting – Basics
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Fundamentals of Accounting
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25%
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Accounting for Special Transactions
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Section B- Preparation of Financial Statements
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Preparation of Final Accounts of Profit Oriented organizations and Non-Profit Organizations
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40%
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Partnership Accounts
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Section C- Self Balancing of Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts
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Self-Balancing Ledgers
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20%
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Royalties, Hire-Purchase and Installment System
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Branch and Departmental Accounts
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Section D- Accounting in Computerized Environment and Standards
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Overview of Computerized Accounting
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15%
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Accounting Standards (Specified only)
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Paper 6: Laws and Ethics
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Section A- Commercial Laws
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Laws of Contracts (Advanced level)
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30%
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Laws relating to Sale of Goods (Advanced level)
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Negotiable Instruments Act,1881 (Advanced Level)
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Indian Partnership Act, 1932
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Indian Partnership Act, 1932
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Section B- Industrial Laws
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Factories Act, 1948
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25%
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Payment of Gratuity Act, 1972
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Employees Provident Fund and Miscellaneous Provisions Act, 1952
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Employees State Insurance Act, 1948
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Payment of Bonus Act, 1965
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Minimum Wages Act, 1948
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Payment of Wages Act, 1936
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Pension Fund Regulatory and Development Authority Act, 2013
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Section C- Corporate Law
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Companies Act, 2013
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35%
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Section D- Ethics
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Business Ethics
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10%
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Paper 7- Direct Taxation (DTX)
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Section A- Income Tax Act Basics 10%
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Introduction to Income Tax Act, 1961
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10%
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Income is not part of Total Income
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Section B- Head of Income, Computation of Total Income and Tax
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Heads of Income and Computation of Total Income
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70%
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Clubbing Provisions and the Set-off and Carry forward of Losses
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Assessment of Income and tax liability of different people
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Section C- Tax Management, Administrative Procedures and ICDS
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Section C- Tax Management, Administrative Procedures and ICDS
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20%
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Administrative Procedures
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Income Computation and Disclosure Standards – (ICDS)
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Paper 8- Cost Accounting (CA)
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Section A- Introduction to Cost Accounting
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Cost Ascertainment – Elements of Cost
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40%
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Cost Accounting Standards
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Cost Bookkeeping
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Methods of Costing
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30%
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Cost Accounting Techniques
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Marginal Costing
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30%
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Standard Costing & Variance Analysis
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Budget and Budgetary Control (simple problems only)
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CMA Intermediate GROUP 2 Syllabus with Topic-wise Weightage 2023
Paper 9- Operation Management & Strategic management (OMSM)
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Section A- Operations Management (70%)
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Operations Management – Introduction
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15%
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Operations Planning
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Designing of Operational Systems and Control
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35%
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Production Planning and Control
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Productivity Management and quality management
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30%
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Project Management
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20%
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Economics of Maintenance and spares management
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Section B- Strategic Management
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Strategic Management Introduction
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30%
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Strategic Analysis and Strategic Planning
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Formulation and Implementation of Strategy
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Paper 10- Cost and Management Accounting, Financial Management
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Section A- Cost, Management Accounting and Financial Management
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Cost and Management Accounting – Introduction
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50%
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Decision Making Tools
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Budgeting and Budgetary Control
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Standard Costing and Variance Analysis
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Learning Curve
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Section B- Financial Management
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Introduction to Financial Management
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50%
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Tools for Financial Analysis and Planning
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Working Capital Management
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30%
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Cost of Capital, Capital Structure Theories, Dividend Decisions
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Capital Budgeting – Investment Decisions
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Paper 11- Indirect Taxation (ITX)
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Section A- Canons of Taxations – Indirect Tax GST
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80%
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Section B- Customs Laws
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Basic Concepts
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20%
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Types of Duties
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Valuation under Customs
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Import and Export Procedure
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Customs Rules, 2017
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Paper 12- Company Accounts and Audit (CAA)
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Section A- Accounts of Joint Stock Companies (50%)
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Accounting of Shares and Debentures
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25%
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Presentation of Financial Statements
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Cash Flow Statement
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Section B- Auditing (50%)
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Accounts of Banking, Electricity and Insurance Companies
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25%
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Accounting Standards
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CMA intermediate Articleship 2023
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Duration of Training Period
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15 months [for every student having registered for the intermediate course on or after 11th February, 2020]
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CMA Intermediate - Admit Card 2023
ICMAI will release the CMA (ICWA) Admit Card 2023 in an online mode. To obtain the admit card, candidates must first log into ICMAI's official Website www.icmai.in. The CMA Foundation, Inter, and Final exams are held twice a year, in June and December. On the day of Examination, candidates should bring their ICMAI hall ticket, as well as one valid id proof and a student identity card.
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Exam name
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Release of ICMAI CMA Admit card 2023
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Exam date
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CMA Intermediate
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Yet to be notified
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26 Jul – 02 Aug 2023
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How to Download ICWAI CMA Admit Card 2023?
The steps to download the CMA - ICWA Admit Card are mentioned below.
Step:1 Go to the official website. www.icmai.in
Step:2 The candidates then must select their courses.
Step:3 To proceed to the next step, click the "Click Here" button.
Step:4 The applicants will then be taken to the Admit Card website.
Step:5 Enter your registration number.
Step:6 To download the admit card, click the "Print Admit Card" option.
Step:7 After entering your login information, your admit card will appear on your screen.
Step:8 The scorecard or result will appear on the screen. Candidates can now download the document and store it for future use.
Step:9 Download it to your computer and print it out for future reference.
CMA Intermediate Admit Card details 2023
The CMA ICMAI Admit Card 2023 contains the following information:
- Name of the candidate
- Photograph of the Candidate
- Signature of the Candidate
- Date and Timings of the test
- Complete Address of the exam centre
- Date of Birth
- Category
- Group code
- Residential Address
- Mobile Number
- Father’s Name
- Registration number
CMA - ICWA Intermediate - Results 2023
CMA – ICWA Intermediate results will be announced within 1 month after the exam.
How to download ICMAI CMA Result 2023
Step:1 Go to the official website www.icmai.in
Step:2 On the home page select the Result for January Session 2023 Examination.
Step:3 Then login page will be appearing on screen.
Step:4 Enter your login details.
Step:5 Click on submit button.
Step:6 The result of ICMAI CMA Exam 2023 will be appeared on screen.
Step:7 Save and download result/ mark sheet.
Step:8 Take print out for further use.
CMA Rank List 2023 | ICMAI CMA Cutoff 2023 | Pass Percentage
To be eligible for a CMA result, you must get a minimum of 40% in each topic. In addition, to qualify for the CMA test, students must achieve a total of 50% in all of the papers. If not, you will be disqualified.
CMA Course - ICWAI Employment Areas 2023:
- Consultancy Firms
- Departments of Company Affairs
- Developmental Agencies
- Education Sector
- Financial Institutions
- Government Departments
- Other Regulatory Bodies
- Private Companies
- Public Utility Sector
- Service Industry
- Stock Exchanges
- Training & Research Organizations
CMA Course - ICWAI Job Types 2023:
- Chief Accountant
- Marketing Manager
- Chief Internal Auditor
- Managing Director
- Cost Accountant
- Financial Controller
- Cost Consultant
- Finance Director
- Cost Controller
- Financial Consultant
How to Prepare for CMA Intermediate Exams?
Ara Education’s Tips to help in your CMA Intermediate Preparation.
- Prepare your self-prepared CMA Inter notes.
- Prepare for the CMA Inter Exam with the most up-to-date study materials.
- Prepare Inter Revision Test Papers, Mock Test Papers, and Practice Papers for the CMA examination.
- Every day, practice accounting problems.
- Choose only those CMA Inter reference books from which to prepare.
