CMA FC

CMA foundation in India is offered by the ICWAI Foundation, which helps one to become a certified management accountant and develop expertise in both financial accounting and strategic management accounting. Apart from focusing on the core strategy, management and accounting, it also focuses on regulatory affairs 

I) ELIGIBILITY

• A candidate should have passed Class 10 or equivalent from a recognized Board or Institution.
• Passed Senior Secondary Examination under 10+2 scheme of a recognized Board or an Examination recognized by the Central Government as equivalent thereto or has passed National Diploma in Commerce Examination held by the All India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Higher Education.

II)DATES OF REGISTRATION

CMA Foundation Important Dates 2022

III)EXAM PATTERNS

The space below mentions the CMA 2021 exam pattern for foundation courses:

Exam Mode: Remote proctored test from home

Exam Type: Objective type

Marks per Paper: Each paper carries 100 marks

Test Duration: Each paper is of two hours duration

There are four papers based on accounts in the CMA foundation course as under: 

• Paper 1: Fundamentals of Economics and Management - 100 marks
• Paper 2: Fundamentals of Accounting - 100 marks
• Paper 3: Fundamentals of Law and Ethics - 100 marks
• Paper 4: Fundamentals of Business Mathematics and Statistics - 100 marks

IV)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 & Statistic

V)WHAT IS CMA STAGES IN BECOMING CMA 

(Certified Management Accountant)? It’s a sub-discipline of accounting that focuses on strategic considerations and management.

And it can be a lucrative option for accounting professionals who want to further their careers and increase their income.

CMA Full Form: Cost and Management Accounting

CMA course is designed to nurture young minds into business leaders of tomorrow & hence choosing CMA as a career option is a great idea.

Contemporarily, the CMA course is gaining immense popularity among commerce students, especially students who want to make it big in their career in the field of Cost and Management Accounting. If you are also curious to know about the course details, continue reading to find out full details about the CMA course in India.

VI)JOB PROFILE IN CO.

 Further, in view of their specialized knowledge and training, CMAs may hold top management position in public and private sectors’ enterprises like Chairman cum Managing Directors, Managing Director, Finance Director, Financial Controller, Chief Financial Officer, Cost Controller, Marketing Manager and Chief Internal Auditor and other important positions.

Those CMAs managing their own businesses have found themselves as a Manager and as Accountant who can control and thereby flourish their businesses. There is no doubt that a Cost Accountant can attain the highest ladder of a professional career.

VII)SALARY EXPECTED

The national average salary for a CMA is 16,64,775 in India. Filter by location to see CMA salaries in your area. Salary estimates are based on 2 salaries submitted anonymously to Glassdoor by CMA employees.

Salary : 3.8L - 17.6L

Bonus : 7K - 2.5L

Profit Sharing : 0- 1.7L

Commission :0 - 19K

Total Pay : 4.3L - 19.2L

VIII)MARKET DEMAND

CMAs are in high demand and relatively low supply, so now is the perfect time to add this designation to your resume. Now is a better time than ever to enter CMA careers.

The demand for CMAs in India is increasing with the arrival of MNCs and flow of off-shore establishments into our country.&a