CMA(ICWA) - Institute of Cost Accountants of India - ICAI


Course Summary

The CMA course offered by Lakshya aims at building competence in particular fields of management accounting while providing aspirants with a wide range of skills required to face the examination. Our rigorous and progressive programme at all our CMA India coaching centres imparts strong subject matter expertise by industry seasoned faculty who helps build the knowledge of basic theories, principles and procedures of finance and accounting.

The Cost Management Accounting course is offered by the Institute of Cost Accountants of India (ICAI), it is aimed at students who wish to pursue in the area of cost management accounting. Obtaining a CMA certification opens up an array of career opportunities such as financial manager, analyser, controller, cost accountant, cost manager etc.

The CMA course is divided into three - CMA Foundation, CMA Intermediate and CMA final.

Students also have the provision to do their CMA programme along with B.Com. The B.Com degree will be awarded by a UGC affiliated University.

CMA Foundation

The CMA foundation paper is the preliminary paper for the CMA course, in addition to learning about core management, strategy and accounting it also bring focus on the regulatory aspects. The examination is pen and paper based which tests the conceptual clarity on each subject.

 The test consists of four papers

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

Eligibility - Any student who has passed the senior secondary examination under the 10+2 format can appear for the exam.

CMA Intermediate

CMA intermediate is the second level of examination for students who are pursuing the CMA certification. The examinations are conducted twice a year (June & December). Students are required to have passed the CMA foundation paper before appearing for this exam.

The course consists of 2 groups of 4 papers each -

CMA: Inter Stage I-

Paper 5 - Financial Accounting

Paper 6 - Laws, Ethics and Governance

Paper 7 - Direct Taxation

Paper 8 - Cost Accounting and Financial Management


CMA Inter Stage - II

Paper 9 - Operation Management Information System

Paper 10 - Cost and Management Accounting

Paper 11 - Indirect Taxation

Paper 12 - Company Accounts and Audit

CMA Final

Candidates who pass the CMA final examination are eligible to attain a Membership of ICAI. CMA Final students have to complete modular training for 15 days and complete three years of practical training after the examinations to receive the membership.

The course consists of two groups and is divided as follows -

Final Course, Group I -

Paper 13- Corporate Laws and Compliance

Paper 14- Advanced Financial Management

Paper 15- Business Strategy & Strategic Cost Management

Paper 16- Tax Management and Practice


Final Course, Group II -

Paper 17- Strategic Performance Management

Paper 18- Corporate Financial Reporting

Paper 19- Cost and Management Audit

Paper 20- Financial Analysis & Business Valuation

Key Features

  • Rigorous coaching.
  • Excellent industry-specific curriculum delivered by renowned and accomplished faculty.
  • Exhaustive practise tests
  • State of the art learning ambience aided by appropriate use of technology
  • Travel and accommodation facilities
  • Comprehensive teaching methodology

Study CMA India with the leading coaching institute in Kerala and be a certified cost accountant

View More Academics