A New doorway through CMA India with Lakshya CA Campus

These days, the CMA course is gaining popularity among commerce students, who want to pursue a career in the area of Cost and Management accounting. Students are curious about the CMA course subjects, CMA course syllabus, CMA course exam dates and CMA course career prospects. So, in this article, we are providing all the important course details for the CMA exam.

The CMA Course has gained huge recognition in recent times. A Qualified CMA finds great career opportunities in firms like big 4, government offices, etc. Hence, one must consider pursuing the CMA course. Here in this article on CMA Course details, you will get to know about Course eligibility, Registration details, and other deadlines that you should be aware of.

Over time we have seen that people tend to confuse between various terms like CMA, ICMAI, CWA, and ICWAI. So, to end all your confusion, the Institute of Cost & Works Accountants of India (ICWAI) has changed its name to The Institute of Cost Management Accountants of India (ICMAI). Also, the ICWA course has been renamed as the CMA course. 

There is no difference between ICWAI and CMA, and they are the same. They are two different words used to describe one single thing. ICWAI stands for Institute of Cost and Work Accountant of India whereas CMA stands for Cost Management Accounting. 

There are 3 stages in the ICWA course i.e,

• CMA Foundation
• CMA Intermediate
• CMA Final

CMA Course Eligibility | Foundation Inter and Final | CMA Course Details

Eligibility criteria for CMA Foundation

• A candidate should have passed Class 10 or equivalent from a recognized Board or Institution.
• Passed Senior Secondary Examination under 10+2 scheme of a recognized Board or an Examination recognized by the Central Government as equivalent or has passed National Diploma in Commerce Examination held by the All India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council or the Diploma in Rural Service Examination conducted by the National Council of Higher Education.

Eligibility criteria for CMA Intermediate

• A candidate should have passed Senior Secondary School Examination (10+2)and Foundation Course of the Institute of Cost Accountants of India.
• Graduation in any discipline other than Fine Arts.
• Foundation (Entry Level) Part I Examination of CAT of the Institute.
• Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute.
• Passed Foundation of ICSI/Intermediate of ICAI by along with 10+2

Eligibility criteria for CMA Final

• A candidate should have passed Senior Secondary School Examination (10+2)and Foundation Course of the Institute of Cost Accountants of India.
• Graduation in any discipline other than Fine Arts.
• Foundation (Entry Level) Part I Examination of CAT of the Institute.
• Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute.
• Passed Foundation of ICSI/Intermediate of ICAI along with 10+2

In total, a student needs to complete 20 papers in the CMA Foundation, Inter, and Final exam.

CMA Course Details – Registration Last Date | Foundation, Inter, Final | ICMAI 2020

The last date for registration falls at least four months prior to the month in which the examination is held. See below ICMAI or CMA Foundation registration last dates.

(a) For joining Foundation Course Provisional Admission/Registration Last Dates For CMA Foundation and Inter

As per existing provisions, a candidate can join the CMA Foundation Course and is offered provisional admission to the Course while pursuing 10+2. However, the student will be eligible to appear for Foundation Course after qualifying the 10+2 Examination. So, qualifying a 10+2 examination makes the student eligible to get converted from Provisional to Regular status. The conversion is done on the basis of submission of application along with the Pass Certificate/ Mark Sheets (qualifying) for Class 10+2.

This provisional time period of his term of admission to the date of conversion to regular student status is now extended up to 36 (thirty-six) months instead of 6 (six) months.

(b) For joining Intermediate Course (while pursuing their Undergraduate studies)

As per existing provisions, a candidate who joins CMA Intermediate Course would be offered provisional admission to the Course while pursuing their undergraduate courses/studies. The student will be eligible to appear for the Intermediate Course only after qualifying the Graduation Examination. So, qualifying the Graduation examination makes the student eligible to get converted from Provisional to Regular status.

This provisional time period of his/her term of admission to the date of conversion to regular student status is now extended up to 18(eighteen) months instead of 6 (six) months.

However, students who would be joining Intermediate Course after qualifying CMA Foundation/CS Foundation/Intermediate by the Institute of Chartered Accountants of India shall be considered as Regular Students and shall be eligible to appear in the Intermediate Course Examination even during their pendency of undergraduate courses.

The CMA Course has gained huge recognition in recent times. A Qualified CMA finds great career opportunities in firms like big 4, government offices, etc. Hence, one must consider pursuing the CMA course. For further details, contact Lakshya CA Campus for proper guidance and counselling. Walk into a new pathway with Lakshya CA Campus and be a future CMA professional.