What is CMA can you tell me everything about it ?

Dear Aspriant;

For your query question the detailed information is given below ,hope it was helpful to you kindly go through it.

About the CMA (Cost Management Accounting) Course

Cost Accounting Management is a certificate programme designed to train students for working in different industries and corporate functions. In India, the credentials of the CMA course are issued by the Institute of Cost Accountants of India (ICAI). The programme mainly focuses on valuation issues, financial statement analysis, working capital policies, external financial reporting, etc.

CMA Course Levels

The CMA programme comprises three levels. One only become eligible for a higher level after she/ he has passed the previous level. Following are the three stages of the CMA course.

Level 1 - CMA Foundation Level

Level 2 - CMA Intermediate Level

Level 3 - CMA Final Level

CMA Course Duration; The duration of the CMA course is flexible. Which means that the time taken to complete the CMA programme depends on a candidate’s level of focus and dedication.

The course can be completed from 6 months to 4 years.

Usually in India , students take at least 3-4 years to complete the course.

In the US, the course is completed in just 6 months.

Skills Gained Through the CMA Course:

Expertise in Financial Accounting

Strategic Management

External Financial Reporting

Internal Controls

Performance Management

Cost Management

Expertise in Management Accounting

Profitability Analysis

Planning and Budgeting

Risk Management

Investment Decision

Eligibility Criteria for Different Stages of CMA

If you want to apply for the CMA programme, you must be well aware of the eligibility criteria for the CMA course. The requirements for every stage are mentioned below.

CMA Foundation Level           CMA Intermediate Level          CMA Final Level

You must have complete Class 10 or equivalent level of education from the  recognised board.

You must also have passed your Senior Secondary Examination (10+2) or equivalent from a recognised examination board.

Other than that, if you hold a National Diploma in Commerce Education by AICTE or any State Board of Technical Education, you will be considered eligible.

CMA Intermediate Level

For the intermediate level, you must have completed your Class 12 education.

You should have passed the Foundation course from the Institute of Cost Accountants of India (ICAI).

You must also hold an undergraduate degree in any discipline but Fine Arts.

CMA Final Level

To become eligible for the CMA Final level, you must have passed the intermediate level.

CMA Course Registration Fee

CMA Foundation           CMA Intermediate CMA Final

4,000                                    20,000                                    17,000