Cost and Management Accountants (CMA)

The Institute of Cost Accountants of India

The CMA course is immensely popular among commerce students, especially students who want to make it big in their career in the field of Cost and Management Accounting.

Note that there is no difference between ICWAI and ICMAI except the name. ICWAI (Institute of Cost & Works Accountants of India) has changed its name to the ICMAI (Institute of Cost Accountants of India). Also, ICWA course has been renamed as CMA course.

Apply Now
  • Indian
    Certification
  • 3
    Levels
  • 20
    Papers
  • 3-year
    Timeline
  • EMI
    Options
  • Placement
    Supports
  • Indian
    Certification
  • 3
    Levels
  • 20
    Papers
  • 3-year
    Timeline
  • EMI
    Options
  • Placement
    Supports

Programme Overview

  • Global Certification
  • 3 Levels | 20 Subjects
  • 3 years’ timeline
  • Placement Training and Internship Opportunity
  • Advance your career with 360o support

  • Guaranteed placement at Big 4’s and top MNCs.

To become a member of the institute, candidates must pass three level exams and complete 15 months of practical training

Lets start the career with Invisor!

Syllabus

CMA course is divided into three levels – Foundation, Intermediate, and Final.

Here is a complete subject list for the CMA course:

Foundation Course:

  • Fundamentals of Economics And Management
  • Fundamentals of Accounting
  • Fundamentals of Laws and Ethics
  • Fundamentals of Business Mathematics and Statistics

Intermediate Course:

    Group I
  • Financial Accounting
  • Laws and Ethics
  • Direct Taxation
  • Cost Accounting
    Group II
  • Operations Management & Strategic Management
  • Cost & Management Accounting and Financial Management
  • Indirect Taxation
  • Company Accounts & Audit

Final Course:

    Group I
  • Corporate Laws & Compliance
  • Strategic Financial Management
  • Strategic Cost Management – Decision Making
  • Direct Tax Laws and International Taxation
    Group II
  • Corporate Financial Reporting
  • Indirect Tax Laws and Practice
  • Cost and Management Audit
  • Strategic Performance Management and Business Valuation

Exam Pattern

Foundation level

Objective type | 2 hours duration

Exam windows: June and December

Intermediate level

Descriptive mode | 3 hours duration

Exam windows: June and December

Final level

Descriptive mode | 3 hours duration

Exam windows: June and December

In order to qualify for CMA exams, a candidate is required to obtain a minimum of 40% marks in each subject and an aggregate of 50% or more.

Exemptions

To clear a group in CMA exams, a student is required to obtain a minimum of 40 percent marks in each of the subjects of a group and an aggregate of 50 percent or more in the group. However, there are certain rules in the CMA course for availing the benefit of exemption and carry forward of marks which are explained below:

Exemption in CMA Exams

If a candidate remains unsuccessful in clearing a group but secures 60 percent or more in any of the paper or papers, he/ she shall be exempted from appearing in that paper(s) in the subsequent attempt. But for the calculation of aggregate in the subsequent attempt, the marks in the exempted paper(s) will be reckoned as 50.

Carry Forward of marks

If a candidate remains unsuccessful in clearing a group but secures 60 percent or more in any of the paper or papers and minimum of 40 percent marks in each of the remaining papers of that group, he/ she shall be exempted from appearing in that paper(s) in the subsequent attempt and allowed the benefit of carrying forward of the actual marks of exempted paper(s) in the subsequent attempt.

Exemptions based on MOU’s

CMA also provided exemptions for candidates who have passed other global professional qualifications which are listed in the ICMAI MOU schemes. The candidate can check the eligibility from the ICMAI website.

Our Alumni work at

Eligibility Criteria

The eligibility criteria for the CMA course is as follows:

Foundation Course

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 thereto 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.

Intermediate Course
  • 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 whatever name called along with 10+2.
  • CMA exemption route
  • Final Course
  • Passed Intermediate course of the Institute and completed 15 months of practical training.

Program Fee

  • Type Of Fees
     
  • Registration fees (INR)
  • Exam fees -Group 1 (INR)
  • Exam fees -Group 2 (INR)
  • Foundation
     
  • 6,000.00
  • 1,200.00
  • Not Applicable
  • Intermediate
     
  • 22,000.00
  • 1,200.00
  • 1,200.00
  • Final
     
  • 25,000.00
  • 1,400.00
  • 1,400.00

Students Feedback

Sreeroop Nv, CMA

Analyst | EY

It has been a whirlwind of a year since qualifying CMA USA in last and navigating through a pandemic in the hunt for a job as a fresher. After completion of CMA, I was not even able to apply for a job. Can’t imagine how worst was my situation. Then as a gem, I heard about First Career Program (FCP) from my CMA tutor Alex Tom Joseph. But I was in a dilemma and then I thought of the best quote I have heard in my entire life. If someone gives you an amazing opportunity, you better grab it first so that he wants to give you the next one. “So, then I finally decided to go with the Plan To Join with FCP Program.  To my surprise with gods grace everything went well and it was one of the best timely decisions that I had taken in my life because Geevar and Alex always ensured to give us the best training capsules challenged with hands-on experience that we ever had, with the practical application of what we had studied in our professional student career. Now, I am beyond excited to announce that I have accepted a new innings with EY as Analyst. So, a huge thank you to the Invisor Education team for their great support in building me from behind and Special cheers to Geevar Thambi, CMA, CSCA, Alex Tom Joseph, CMA, Muhammed Shafeeque and Muhammed Thwoyyib for giving me such an amazing experience at FCP and for moulding me for what Im today. 
I am ready to kickstart this new adventure with EY and cant wait to continue growing in this new role.

Aneesha Nasir, CMA

Analyst | Northern Trust

I'm here to share an exciting journey which I had experienced after I completed CMA USA. As a fresher, there were so many hurdles for me to get a job at MNC's. After applying at so many companies I didn't even got a response from them, it caused so much frustration in myself. Then I heard about First career program from my CMA tutor Alex Tom Joseph, CMA . He told me about what all are provided in this training program but I was actually double minded whether to join or not join. But then I thought to give it a go, So I joined there half-heartedly. To my surprise everything went well and it was one of the best decision that I had took in my life because Geevar and Alex always ensured to give us with the best training experience that we ever had, with the practical application of what we had studied in our professional courses. Now I'm placed at Northern Trust,one of the leading financial institutions at USA. So I personally thank Geevar Thambi, CMA, CSCA, Alex Tom Joseph, CMA, Muhammed Shafeeque for giving me such an amazing experience at FCP and for moulding me for what I'm today.

Bibin Thamby, CMA

Accounts Specialist | Consero Global

A great aspect about this training at Invisor is hands on experience on live project, which helped me to gain a deep knowledge in finance. The content of the training was exciting and helped me to get the my first job.

Hemangi Radadiya

Finance Executive | Confiance Bizsol Pvt Ltd Ahmedabad

I can say confidently that choosing Invisor as my study partner is the best decision I have made for my CMA certification. Don’t think too much just go and enrol with them if you planning the CMA certification.

Aaron Mohan

CMA

I will sing of the mercies of the Lord forever; With my mouth will I make known Your faithfulness to all generations" - Psalms 89:1 I am immensely glad to receive the news of my successful completion of the CMA Exams. I know for a fact that I would not make it without the tender mercies of my Lord and Savior Jesus Christ, my family and friends, and by the most generous hearts behind my success Geevar & Ganesh H, who were more than just tutors to me. I am glad to cross roads with you both. Huge shoutout to Invisor Global Inc. for all the right materials and resources for my study.

Sheik Shameel

Associate - Customer service | Entigrity

After completing my CMA course the lockdown was imposed in India due to pandemic. When there was a break in lockdown I started looking for a job, almost 5, 6 months I send mails, applied through career sites, job portals, but there was no response from the other end most of the time. I only had one or two interview in which the salary was too low compared to market standards. Then I heard about First career program (FCP) provided by Invisor Global Inc. First I thought it's just a intern programme where most of the companies hire freshers and let them settle the pending files. I contacted Invisor team and they told me it's not what actually looks like and they gave all the information about the FCP, and I decided to join the program, which was a turning point in my life. During the internship period itself I got an offer from Entigrity Solutions Pvt Ltd which is a leading consulting firm mainly dealing with US and Canadian clients I joined here as an Associate - Customer service. Thanks to the entire Invisor team for the support.

Vinu Vijayan , CM

Accounts Specialist | Consero Global

Hi I am Vinu. After completion of my CMA, I applied to a lot of openings throgh many job banks . But I did not get any response from the recruiters. Then I got heard about First Career Program run by one of my faculty Mr Alex. I took a chance by enrolling for the program. I swear it was the best decision I have ever made. The projects assigned by Geevar Thambi, CMA, CSCA and Alex Tom Joseph, CMA has really helped me to get an idea about how the corporates do their work. And as a result I got a chance to work with a leading MNC. Thank you team Invisor Global Inc. for the great change that you guys have made in my career.

Mohammed Raashed, CMA

Financial Analyst | A to Z Services – Qatar

Hello Everyone, I would like to share an exciting journey I experienced after I completed my Certified Management Accountant course. Since I was a fresher, it was pretty hard for me to find a job in MNCs or any companies for that matter. I applied for so many positions which only got rejected because of my lack of technical experience which lead to frustration and disappointment.  It was then that I heard about First Career Program from my CMA tutor Alex Tom Joseph, CMA. He went through what will be provided in this program and I was immediately interested in it. I should say it was one of the best decisions I made to help my career because Geevar Thambi, CMA, CSCA, and Alex Tom Joseph, CMA always ensured to give us the best training experience that we ever had, with the practical application of what we had studied in our professional courses. Because of the training I received there, I was able to secure a good job at Consero Global, one of the leading financial institutions. So, I would like to thank Alex Tom Joseph, CMA, Geevar Thambi, CMA, CSCA, and Muhammed Shafeeque for giving such amazing experience and training at FCP and for helping me secure a good job at a well-reputed company.

Varsha Menon, CMA

Accounts Specialist | Consero Global

After completing the CMA exams, I didn’t have any idea about how to apply for the job and get into an MNC. At that time Alex Tom Joseph and Geevar Thambi, CMA, CSCA has invited me for the First Career Program at Invisor Global Inc. , which changed my professional life. The training improved my knowledge in accounting and got a crystal clear picture of a company's working culture. Thank you team Invisor for making us a perfect working professional. Invisor Global Inc.  Muhammed Shafeeque.

2022 Placements

Similar Programs

FCP | First Career Program

2 Months

Internship & Placement Support

WES Recognised

CMA USA | Certified Management Accountant

6 months

Online Class | Recorded Videos | Case Studies

WES Recognised

CPA USA | Certified Public Accountant

9 months

Online Training | Task Based Simulations

WES Recognised

ACCA | Association of Chartered Certified Accountants

9 months

Online Training | Task Based Simulations

WES Recognised

EA | Enrolled Agent

9 months

Online Training | Task Based Simulations

WES Recognised

CIMA |Chartered Institute of Management Accountants

9 months

Online Training | Task Based Simulations

WES Recognised

CIA | Certified Internal Auditor

12 months

Online Training | Task Based Simulations

WES Recognised

Liverpool John Moores University

CFA | Chartered Financial Analyst

12 months

Online Training | 300+ hours of Learning

WES Recognised

CA | Chartered Accountant

12 months

Online Training | Task Based Simulations

WES Recognised

Liverpool John Moores University

CMA-INDIA | Cost and Management Accountants

12 months

Online Training | 300+ hours of Learning

WES Recognised

Liverpool John Moores University

CS | Company Secretaries

12 months

Online Training | 300+ hours of Learning

WES Recognised

Liverpool John Moores University

DIFRS | Diploma in IFRS program

12 months

Online Training | 300+ hours of Learning

WES Recognised

Frequently Asked Questions

  • CMA Overview
    • What is CMA?

      CMA is a professional course offered by the Institute of Cost Accountants of India which was set up with the objective of promoting and regulating the Cost and Management Accountancy profession in India.

    • How to become a CMA?

      CMA has three levels which are Foundation, Intermediate, and Final. After qualifying these three levels, you become a CMA.

    • Where can a CMA work?

      A CMA can work in both the Private and Government sectors. Financial Analyst, Cost Accountant, Manager, Corporate Controller, Management Accountant, CFO are a few of the most common career paths that you can apply for as a CMA.

    • What is the scope of CMA India in other countries?

      The demand for CMAs is on the rise over the last few years. There is a lot of scope for a CMA in India and abroad. If you want to make a career in Finance overseas, you should definitely consider doing this course.

    • How to become a CMA member?

      After qualifying for the CMA Final exams and successful completion of practical training, you can apply for admission as an Associate Member of the ICMAI on the institute’s website.

Get Your Free Consultation Today

contact@invisorglobal.com
(9 AM - 9 PM)
|

Blog

Difference Between CMA INDIA vs CMA USA

30-Second Summary: CMA USA is a worldwide recognized certification regulated by the Institute of Management Accountants. CMA India only practices the standards set by the Indian

Read More

CMA Job Opportunities: A Guide to High-Paying CMA Job Roles

30-Second Summary: The financial world is changing rapidly, opening a plethora of opportunities for young minds to succeed in this domain. US CMA or Certified Management

Read More

8 Easiest Ways To Make Yourself Ready For The CMA USA Exam

30-Second Summary: You have been rigorously preparing for the US CMA exam with a reputable training institute for a few months now and the exam date is getting nearer. A …

Read More

How to become US CMA? The Complete Comprehensive Guide!

In the present-day scenario, more and more employers are looking forward to hiring employees with unique skillsets that are easily monetizable. Hence, it doesn’t come as a

Read More

CMA USA And Its Scope in India

US CMA stands for Certified Management Accountant designation certified by the Institute of Management Accountants of United States. It emphasizes corporate finance management and

Read More
Get Course Brochure in
Your WhatsApp Instantly