CMA INTER

CMA Inter or CMA Intermediate is a course or a exam is the second level for students interested to pursue a career in Management Accountancy (CMA). CMA Inter course is also conducted by The Institute of Cost Accountants of India (ICAI) also known as ICMAI or ICWA.

Over time we have seen that people tend to confuse between various terms like CMA, ICMAI, CWA, and ICWAI. So, to end your all confusion, Institute of Cost & Works Accountants of India (ICWAI) has changed its name into The Institute of Cost Management Accountants of India (ICMAI). Also, ICWA course has been renamed as CMA course. There is no difference between ICWAI and CMA, and they are the same. They are two different words used to describe one single thing. ICWAI stands for Institute of Cost and Work Accountant of India whereas CMA stands for Cost Management Accounting. Apart from the literal meaning, there is no difference at all.

There are 3 stages in the ICWA course i.e., CMA Foundation,

• CMA Foundation
• CMA Intermediate
• CMA Final\

What to look for when thinking CMA?

If you want to become a Cost management accountant, complete these three stages of the CMA course. Students who have passed 10+2 are eligible for the CMA Foundation exam. The Institute of Cost Accountants of India conducts CMA Foundation exam two times in a year in the months of  June and December. If you have passed the CMA Foundation exam, then you are eligible for CMA Inter. If you have any graduate degree, you are exempted from ICMAI Foundation exams. You can directly enter into CMA Inter.

Which subjects to study?

Ans:  Group 1

• Paper 1 Financial Accounting
• Paper 2 Laws, Ethics and Governance
• Paper 3 Direct Taxation
• Paper 4 Cost accounting and financial management

Group 2

• Paper 5 Operation Management Information System
• Paper 6 Cost and Management Accounting
• Paper 7 Indirect Taxation
• Paper 8 Company Accounts & Audit

How many attempts in a year?

2 Attempts June and December

Important dates for registration?

Ans: The last dates for registration fall at least four months prior to the month in which examination is held.

Admission to foundation course for the ICMAI course is open throughout the year. However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination should apply before 31st July of that year.

See below ICMAI or CMA Foundation 2022 Registration last dates.

Can I appear for CMA Inter before completing graduation?

You can register for the exam but not take the exams. A candidate can join CMA Intermediate Course would be offered provisional admission to the Course while pursuing their undergraduate courses/studies. The student shall be eligible to appear Intermediate Course only after qualifying Graduation Examination. However, students who would be joining Intermediate Course after qualifying CMA Foundation/CS Foundation/Intermediate by whatever name called, shall be considered as Regular Students and shall be eligible to appear in the Intermediate Course Examination even during their pendency of undergraduate courses.

When can article ship commence?

Ans: Soon After clearing Foundation exam or Intermediate exam whichever is earlier for period of 2 years and mean time can prepare and appear for final

Also note student those who have completed their CA Inter and pursuing articles are exempted from articles of CMA. We at Finkomm provide good resources to students to secure article ship without Hassel.