FREQUENTLY ASKED QUESTIONS - CMA INDIA
The Cost and Management Accountant (CMA) course, offered by the Institute of Cost Accountants of India (ICMAI), is a professional qualification that focuses on cost accounting, financial management, and business strategy.
Candidates who have completed their 10+2 (Higher Secondary) education can enroll in the CMA Foundation course. Graduates can directly enter the Intermediate level.
The CMA INDIA course consists of three levels:
a) CMA Foundation
b) CMA Intermediate
c) CMA Final
The duration varies based on individual preparation, but typically, it takes around 3-4 years to complete all three levels.
The exams are conducted in a descriptive and objective format, covering subjects like financial accounting, cost management, taxation, and corporate laws.
CMA-certified professionals can work in roles such as Cost Accountant, Financial Analyst, Internal Auditor, Finance Manager, and CFO in industries like manufacturing, banking, and consulting.
While CMA INDIA is primarily recognized in India, many multinational companies value the qualification, especially in cost accounting and financial management roles.
Candidates must secure at least 40% in each paper and an aggregate of 50% in each group to pass.
Yes, many students pursue CMA INDIA along with their graduation or while working. However, effective time management is essential.
ICMAI provides official study materials, and various institutes, including Prodigy Institute of Management Studies, offer coaching and guidance to help students prepare effectively.