CMA Intermediate
CMA Intermediate
What is CMA Intermediate?
The CMA Intermediate program provides students with an in-depth understanding of various topics in cost and management accounting, direct and indirect taxation, company law, and financial management. This level bridges the foundational concepts learned in the CMA Foundation with the professional competencies developed in the CMA Final.
Eligibility Criteria
- Have passed the CMA Foundation or hold a graduate degree in any discipline except for fine arts
- Have completed the ICMAI-required practical training or be willing to undergo it during the course.
Registration Process
- Online Registration: Visit the official ICMAI website and create an account.
- Complete the Form: Provide the necessary details, including personal information, educational background, and contact information.
- Upload Documents: Submit documents like proof of age, educational qualifications, and a passport-sized photograph.
- Pay the Registration Fee: The registration fee for the CMA Intermediate program is approximately ₹23,100 for both groups, although fees may vary.
Registration Deadlines
The CMA Intermediate exams are held in June and December each year. Candidates must register four months prior to the intended exam month:
- For the June exam, registration typically closes by January 31.
- For the December exam, registration typically closes by July 31.
CMA Intermediate Exam Structure
The CMA Intermediate exam consists of eight papers, divided into two groups of four papers each. Each paper is 100 marks, and candidates need to pass both groups to progress to the CMA Final.
Exam Pattern
- Mode: Offline (Pen and Paper)
- Total Marks: 800 (100 marks per paper)
- Duration: 3 hours per paper
- Passing Criteria: Minimum 40% in each paper and 50% aggregate in each group
Group-Wise Subjects
Group 1
- Paper 5: BUSINESS LAWS AND ETHICS
- Paper 6: FINANCIAL ACCOUNTING
- Paper 7: DIRECT AND INDIRECT TAXATION
- Paper 8: Cost Accounting
Group 2
- Paper 9: Operations Management & Strategic Management
- Paper 10: CORPORATE ACCOUNTING AND AUDITING
- Paper 11: FINANCIAL MANAGEMENT AND BUSINESS DATA ANALYTICS
- Paper 12: MANAGEMENT ACCOUNTING
Frequently Asked Questions (FAQs) about CMA Foundation
Yes, candidates can attempt Group 1 and Group 2 separately or together, based on their preparation level and preference.
Candidates must score at least 40% in each paper and 50% aggregate in each group to pass.
No, there is no negative marking in the CMA Intermediate exam.
Yes, graduates from any discipline (except fine arts) are eligible to register directly for the CMA Intermediate course without taking the CMA Foundation.
Upon passing, candidates can register for the CMA Final level, which is the last stage before earning the CMA certification.