CMA Final
CMA Final
What is CMA Final?
The CMA Final is the ultimate stage in the three-level CMA course, equipping students with the strategic and analytical skills necessary for high-level roles in finance and management. This course is aimed at producing proficient cost and management accountants who are capable of enhancing business profitability and sustainability through effective financial and cost management strategies.
Eligibility Criteria
- Have passed both groups of the CMA Intermediate level.
- Have completed the required practical training as specified by ICMAI.
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 Final program is approximately ₹25,000 for both groups, subject to change.
Registration Deadlines
The CMA Final 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 Final Exam Structure
The CMA Final exam consists of eight papers divided into two groups, with each paper carrying 100 marks. Candidates must pass both groups to earn the CMA certification.
CMA Final Exam Results December 2024
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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 13: Corporate and Economic Laws (CEL)
- Paper 14: Strategic Financial Management (SFM)
- Paper 15: Direct Tax Laws and International Taxation
- Paper 16: Strategic Cost Management (SCM)
Group 2
- Paper 17: Cost and Management Audit (CMAD)
- Paper 18: Corporate Financial Reporting (CFR)
- Paper 19: Indirect Tax Laws and Practice (ITLP)
- Paper 20:Strategic Performance Management and Business Valuation
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 Final exam.
The CMA Final registration is valid for seven years, allowing candidates multiple attempts within this period.
After passing the CMA Final and completing the required practical training, you become eligible to receive the CMA certification and can join the ICAI as an Associate Member (ACMA).