| # | Course | Details |
| 1 | CMA Foundation Regular | |
| 2 | CMA Intermediate Regular | |
Objectives of the practical training
- Providing exposure to environments under which different organizations work
- Providing hands-on job experience including all the practical aspects of Cost and Management Accounting
- Developing a disciplined attitude which is required by a CMA professional
- Awareness of ethical values in professional work life
CMA India course duration -
CMA India Foundation level is a 7 months course. To appear for CMA intermediate course (both group) you require 6-7 months of coaching. Then to appear for CMA Final course (both group) 9 months of coaching and training is required. Practical training of a minimum of 18 months is necessary to appear for Final which is included in the 9 months. The qualification has covered all the topics in detail that will broaden the students' skills and they can use these skills to showcase their quality as a professional.
Career opportunities -
CMAs are driving force in all economic activities, as they are the value creator, value enabler, value preserver and value reporter. High performing, fortune Multinational companies hire CMA professionals for a reason. A CMA will be able to get insights on the innovations and practical changes that are going to happen in the work industry. A Cost and Management Accountant specializes in creating managerial decisions. They would get more engaged with analytics, forecasting, risk management, treasury activity etc. They mainly work on areas like:
- Stabilizing budgets and standards
- Assessing operational efficiency and the effectiveness of production and service management
- Identifying accountability for profit variance.
Students must realize that the CMA India course certification will help them gain the relevant skillset, stay updated with the ever-evolving and ever-changing technology. Thus equipping them to be prepared for a better future. In today's scenario, organizations are left with no choice but to seek service from Cost Accountants who has specialized knowledge in business strategies. A cost accountants responsibilities mainly include implementing effective management and control systems. Also, planning costing systems, investment analysis, project management, internal audit, cost audit, pricing and planning, interpreting information and data related to business activities etc. These insights are used to guide the management team in taking the right decisions.
Cost accountants are in great demand in sectors like:
- Government sector
- Private sector
- Banking & finance sector
- Developmental agencies
- Education
- Training & research sector as well as in-service and public utility sectors
With specialized knowledge and training, CMAs may have a high possibility to hold a top management position. Both in public and private sectors’ enterprises. They are capable for positions like Managing Director, Finance Director, Financial Controller etc. There is a consistent demand for qualified, trained and experienced cost accountants in India. A qualified CMA can easily attain CMA India jobs in Kerala too. On the other hand CMAs can manage their own businesses too. It is found that they themselves can perform as efficient Managers, Accountant , finance contollers and thereby flourish in their business initiative. There is no doubt that a Cost Accountant can attain the highest positions of professional career.
CMA professionals have greater earning power. CMA India salary package offered for a Cost and Management Accountant who is a fresher, will be an average pay-package of 8.8 lakhs per annum. This will also depend upon the company and the meritorious status of the student. On the other hand there are other factors that determine a professionals value. With increase in one's experience, training and skills, they can expect salary up to 19 L per annum. It is definitely a truth that a CMA designation is a kind of future secured or future-proof designation which every commerce professional should hold in his/her career. This in turn will help them to survive in this dynamic corporate world.
Exam pattern
There are three stages in Cost & Management Accountancy (CMA India) profession in India offered by ICAI. CMA IND examination is held twice in a year, June and December respectively. Students are required to register in ICAI's official website. The candidates are allowed to pay the fees through online mode and offline mode. Whether it is the oral mode of coaching or the postal mode, the fee structure remains same and doesn’t really change that much.
The CMA Foundation is a pen paper bases examination conducted in offline mode. Students who have passed the 12th exam are eligible to appear in CMA Foundation. Exam Duration is three hours and number of questions will be 100 Descriptive type questions. Candidates will be given three hours time to complete the CMA Ind Intermediate course exam and each paper will be of 100 marks. Mode of Examination: 60% objective, 40% subjective. The Final Examination will be conducted in Offline, descriptive (Pen & Paper) mode only. Each paper will be of 100 marks and for 3 hours duration. The last dates for registration generally fall at least four months prior to the month in which examination is held.
Students who appear for both Groups of Intermediate or Final Examination with or without any exemption must obtain at least 40 percent marks in each paper appeared. They also should obtain at least 50 percent marks in aggregate, taking both the groups together.
They shall be then be declared to have qualified CMA IND Intermediate Course or Final Course, as the case may be.
Admission for the CMA India course is open throughout the year. But the students who wish to appear for June term examination should apply before 31st January of that year. And students who wish to appear for December term examination should apply before 31st July of that year. The timing for applying remains the same usually every year. However, students are advised to check the update announcements on the website regularly.
CMA India course fee:
- The coaching fee at Lakshya for CMA Foundation course(7 months) - 44,300+GST
- The coaching fee at Lakhsya for CMA Intermediate course(7 months)- 73,800+GST
- CMA India examination fee structure will be officially mentioned in ICAI's website.
Key features
- Rigorous coaching by prominent faculties helps students to learn and actively participate in the class
- Excellent industry specific curriculum delivered by renowned and accomplished faculty.
- Exhaustive practice tests and MCQ practice sessions to prepare students for exam.
- State of the art learning facilities. Learning facilities with modern teaching aids acts as a helpful resource for both faculties and students. This gives the students a better learning experience
- Travel and hostel facilities
- Comprehensive teaching methods
Study CMA India courses in Kerala with the leading coaching institute and be a certified cost accountant
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Frequently Asked Questions for CMA
- Why should I pursue CMA India?
Auditing and accounting field is perfect for commerce or business graduates or for science students who want to switch. It will provide an edge in your career trajectory and will help you stand out compared to your peers.
- What are the job opportunities available for a student once they have completed the course?
CMAs are driving force in all economic activities, as they are the value creator, value enabler, value preserver and value reporter. High performing, fortune multinational companies hire CMA professionals for a reason. A CMA will be able to get insights on the innovations and practical changes that are going to happen in the work industry.
- Cost Accountants are in great demand in sectors like:
Government sector
Private sector
Banking & finance sector
Developmental agencies
Education
Training & research sector as well as in-service and public utility sectors
- What is the eligibility for CMA India course?
Any student who has completed their +2 exams is eligible to attend the CMA foundation exams. Graduates will get direct entry into the CMA inter exams and are exempted from writing the CMA foundation exams.
- When are the CMA India exams held?
Exams are held in the months of June and December tentatively. Students should apply for the exams before 31st January for the June exams and July 31st for the December examinations.
Study CMA India with the leading coaching institute in Kerala and be a certified cost accountant
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