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CMA India

CMA - Cost and Management Accounting

A Cost and Management Accountant is a professional specialization in navigating managerial decisions, stabilizing budgets and standards, assessing operational efficiency and the effectiveness of production and service management. Obtaining the CMA certification is a wonderful career move; it opens up a gateway to opportunities to excel in the field of finance and management both in India and overseas. It leads to higher chances of landing top level management jobs. 

CMA course has three levels which are:

  • CMA Foundation
  • CMA Inter and
  • CMA Final

CMA Intermediate

The CMA (Certified Management Accountant) Intermediate level is a crucial phase in your journey to becoming a CMA professional. This stage delves deeper into advanced topics such as financial statement analysis, risk management, and strategic financial management. By mastering these intricacies, candidates at the CMA Intermediate level enhance their ability to contribute effectively to organizational decision-making and financial strategies. The program’s focus on real-world applications ensures that professionals are not only well-versed in theoretical concepts but also possess the practical skills demanded in today’s dynamic business environment. Completing the CMA Intermediate level sets the stage for advancing to the final stage of the CMA qualification, bringing you one step closer to becoming a certified management accounting expert.

CMA Final

Reach the pinnacle of management accounting excellence with our CMA Final program. Tailored for advanced practitioners, this comprehensive course refines your expertise in strategic financial management, risk assessment, and performance management. Dive into complex scenarios, applying theoretical concepts to real-world situations, and master the intricacies of international financial reporting and strategic cost management. Our CMA Final program is designed to prepare you for success in the challenging CMA Final examination, ensuring you possess the advanced skills and knowledge needed to excel in the dynamic field of management accounting. Choose our program to elevate your career as a Certified Management Accountant to new heights.

Course Overview

Scope Of CMA India
Entry Requirements Of CMA India

CMA Foundation

CMA Foundation is the entrance level for CMA course. Any student who completed 10th or 12th can appear for CMA Foundation. 4 papers are included in this stage:

  • Paper 1 – Fundamentals of Economics and Management
  • Paper 2 – Fundamentals of Accounting
  • Paper 3 – Fundamental of Laws and Ethics
  • Paper 4 – Fundamentals of Business Mathematics and Statistics



CMA Intermediate

CMA Intermediate consists of 2 groups of 4 papers each and the exams are conducted twice in a year.

Group I

  • Paper 1- Financial Accounting
  • Paper 2- Laws, Ethics and Governance
  • Paper 3- Direct Taxation
  • Paper 4- Cost Accounting and Financial Management

Group II

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



CMA Final

CMA Final consists of 2 groups of 4 papers each.

Group III

  • Paper 1 –Corporate Laws & Compliance (CLC)
  • Paper 2 – Strategic Financial Management (SFM)
  • Paper 3 – Strategic Cost Management – Decision Making (SCMD)
  • Paper 4 – Direct Tax Laws and International Taxation (DIT)

Group IV

  • Paper 5 – Corporate Financial Reporting (CFR)
  • Paper 6 – Indirect Tax Laws and Practice (ITP)
  • Paper 7 – Cost and Management Audit (CMAD)
  • Paper 8 – Strategic Performance Management and (SPBV) Business Valuation
CMAS are driving force in all economic activities and has a great demand in all sectors including government, private , banking, education and so on. CMAs can work as Managing director, Finance director, Finance controller, Chief Financial Officer, Chief Internal Auditor etc. Not just in India, CMA has a wide scope in other countries too.
Any student who has completed 10th or 12th can appear for CMA foundation exams. Graduation in any stream other than arts is exempted from CMA foundation exams. Such students can directly enrol into CMA Intermediate. Students are required to complete the computer training and soft skills training. Students who have successfully completed CMA Intermediate can apply CMA Final.


  • CMA Foundation: Any plus two or equivalent – 8 Months
  • CMA Intermediate : CMA Foundation pass/ Graduate – 10 Months
  • CMA Final: CMA Intermediate pass – 18 Months

Employment opportunities

  • A Cost and Management Accountant specializes in creating managerial decisions. They would get more engaged with analytics, forecasting, risk management, treasury activity etc.

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