CMA Archives - Inspire Academy

22 Feb

CMA

CMA Foundation 2025 Guide Inspire Academy

April 9, 2025
By team-admin

The CMA Foundation Course is the first step in becoming a Cost and Management Accountant (CMA) in India. Conducted by the Institute of Cost and Management Accountants of India (ICMAI), the CMA Foundation exam is a gateway to lucrative careers in finance and management. At Inspire Academy, we guide aspiring CMAs through the journey to success with comprehensive coaching, expert mentorship, and strategic preparation plans.
This national-level examination is conducted twice yearly, in June and December, in offline mode. Students who have passed their 12th-grade board exams from a recognized board are eligible to register for the CMA Foundation Course.
Let’s delve into the details of the CMA Foundation Course 2025, including its syllabus, registration, fees, and preparation tips curated by Inspire Academy.

Why Choose Inspire Academy for CMA Foundation Classes?

Expert Faculty with years of experience in CMA coaching.
Interactive sessions to clarify concepts and strengthen fundamentals.
Comprehensive study material aligned with ICMAI guidelines.
Mock tests and practice papers for thorough preparation.
Flexible online and offline classes to suit every learner’s needs.

CMA Foundation 2025 – Important Dates

Here are the key dates every CMA aspirant should note:

Event	Date
Registration Open	Ongoing
Last Date to Register	January 31, 2025
Availability of Exam Form	April 2025
Release of Admit Card	May 2025
Exam Date	June 2025

CMA Foundation Eligibility 2025

To register for the CMA Foundation course, students must meet these criteria:

Must have passed Class 10 or an equivalent exam from a recognized board.
Must have passed the 12th-grade examination under the 10+2 scheme from a recognized board.
Candidates awaiting 12th-grade results are eligible for provisional registration.
Alternatively, candidates with a National Diploma in Commerce from AICTE or any recognized authority can apply.

How to Register for CMA Foundation Course?

Students can register online through the official ICMAI website. Follow these steps for hassle-free registration:

Visit the ICMAI website and click on “CMA Foundation Registration.”
Fill in the required details and click “Save & Continue.”
Upload scanned copies of required documents.
Pay the registration fee of Rs. 6000 online.
Save the acknowledgment for future reference.

Documents Required for Registration

Passport-sized photograph
Signature
Class 10 Marksheet
Class 12 Marksheet

CMA Foundation Fees 2025

- Registration Fee: Rs. 6000
- Exam Fee: Rs. 1200 (Indian centers), $60 (Overseas centers)
Fees must be paid by January 31, 2025, for the June exam and July 31, 2025, for the December exam.

CMA Foundation Syllabus and Subjects 2025

The CMA Foundation Course syllabus is divided into four subjects:

Paper 1: Fundamentals of Business Laws and Business Communication (FBLC)

Introduction
Indian Contracts Act, 1872
Sale of Goods Act, 1930
Negotiable Instruments Act, 1881
Business Communication

CMA Foundation Syllabus and Subjects 2025

The CMA Foundation Course syllabus is divided into four subjects:

Paper 1: Fundamentals of Business Laws and Business Communication (FBLC)

Introduction
Indian Contracts Act, 1872
Sale of Goods Act, 1930
Negotiable Instruments Act, 1881
Business Communication

Paper 2: Fundamentals of Financial and Cost Accounting (FFCA)

Accounting Fundamentals
Accounting for Special Transactions
Preparation of Final Accounts
Fundamentals of Cost Accounting

Paper 3: Fundamentals of Business Mathematics and Statistics (FBMS)

Arithmetic and Algebra
Calculus – Applications in Business
Statistical Representation of Data
Measures of Central Tendency and Dispersion
Correlation, Regression, and Probability

Paper 4: Fundamentals of Business Economics and Management (FBEM)

Basic Economic Concepts
Forms of Market
Money and Banking
Economic and Business Environment
Fundamentals of Management

ICMAI Exam Pattern and Weightage 2025

Understanding the exam pattern is crucial for effective preparation. Here’s a quick breakdown:

Paper	Weightage
Business Laws & Communication	80% Laws, 20% Communication
Financial and Cost Accounting	70% Financial, 30% Cost Accounting
Business Mathematics	40% Mathematics, 60% Statistics
Business Economics	70% Economics, 30% Management

Why Join Inspire Academy for CMA Foundation Classes?

At Inspire Academy, we ensure every student is fully prepared with:

Personalized doubt-clearing sessions.
Regular performance assessments.
Updated course material and mock tests.
Exam-oriented tips and tricks to maximize scores.

What After CMA Foundation?

After clearing the CMA Foundation, you are eligible for the CMA Intermediate Course. This is the next step towards a career as a Cost Accountant, Finance Manager, or Chief Financial Officer (CFO).

Get Started with Inspire Academy Today!

Join Inspire Academy for result-driven coaching to ace your CMA Foundation exams. With a starting salary of 7 LPA after CMA qualification and potential growth to 20 LPA, your journey to a bright future begins here.

Enroll now and turn your CMA dreams into reality!

For more details, contact us at [8888881719 / 7447447338] or visit our website: CMA Foundation Classes.

27 Jul

CMA, CMA Inter

CMA Inter Subjects Inspire Academy

April 9, 2025
By inspire-admin

Table Of Content

CMA Inter Subjects and Syllabus for the 2023 Exams
CMA Inter Group 1 Syllabus 2023
CMA Inter Group 2 Syllabus 2023
CMA Intermediate Exam Pattern 2023

The Institute of Cost Accountants of India (ICMAI) oversees and administers CMA Intermediate, the second level of the CMA programme. There are eight subjects total in the extensive CMA Inter syllabus.

There are two groups of four subjects each made up of the eight CMA Inter subjects. The official website of ICMAI or this page both contain the CMA Inter syllabus 2023 for all subjects.

The CMA Inter syllabus provides in-depth details about the themes, topics, and weights assigned to each chapter. In order to properly study for the tests, students must be aware of the CMA Intermediate 2023 curriculum and the weighting of the marks.

You can therefore discover the entire 2023 syllabus for the CMA Inter topics for both groups in this thorough post. Let’s learn all the specifics.

CMA Inter Subjects and Syllabus for the 2023 Exams

The topics covered in the CMA Intermediate course are divided into additional subtopics and are generally pertinent to cost accounting, finance, taxation, etc.

The topics covered in the CMA Intermediate curriculum give students a thorough understanding of law, direct and indirect taxes, management, and financial and cost accounting.https://www.high-endrolex.com/20

Here are the CMA Inter Subjects:

Paper – 5: Financial Accounting
Paper – 6: Law and Ethics
Paper – 7: Direct Taxation
Paper – 8: Cost Accounting
Paper – 9: Operations Management & Strategic Management
Paper – 10: Cost and Management Accounting and Financial Management
Paper – 11: Indirect Taxation
Paper – 12: Company Accounts & Audit

CMA Inter Group 1 Syllabus 2023

The syllabus CMA Inter Group 1 subjects from Paper 5 to Paper 8 are as follows:

Paper – 5: Financial Accounting

Topics	Marks
Section – A: Accounting	25 marks
1. Fundamentals of Accounting
2. Accounting for Special Transactions
Section – B: Preparation of Financial Statements	40 marks
3. Preparation of Final Accounts of Profit Oriented organizations, Non-Profit Organizations and from Incomplete Records
4. Partnership Accounts
Section – C: Self-Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts	20 marks
5. Self-Balancing Ledgers
6. Royalties, Hire-Purchase and Installment System
7. Branch and Departmental Accounts
Section – D: Accounting in Computerized Environment and Accounting Standards	15 marks
8. Overview of Computerized Accounting
9. Accounting Standards
Total	100 maximum marks

Paper – 6: Law and Ethics

Topics	Marks
Section – A: Commercial Laws	30 marks
1. Laws of Contracts (Advanced level)
2. Laws relating to Sale of Goods (Advanced level)
3. Negotiable Instruments Act,1881 (Advanced Level)
4. Indian Partnership Act, 1932
5. Limited Liability Partnership Act, 2008
Section – B: Industrial Laws	25 marks
6. Factories Act, 1948
7. Payment of Gratuity Act, 1972
8. Employees Provident Fund and Miscellaneous Provisions Act, 1952
9. Employees State Insurance Act, 1948
10. Payment of Bonus Act, 1965
11. Minimum Wages Act, 1948
12. Payment of Wages Act, 1936
13. Pension Fund Regulatory and Development Authority Act, 2013
Section – C: Corporate Law	35 marks
14. Companies Act, 2013
Section – D: Ethics	Ten marks
15. Business Ethics
Total	100 maximum marks

Paper – 7: Direct Taxation

Topics	Marks
Section – A: Income Tax Act Basics	Ten marks
1. Introduction to Income Tax Act, 1961
2. Income which does not form part of Total Income (Section 10, 11 to 13A)
Section – B: Heads of Income and Computation of Total Income and Tax Liability	70 marks
3. Heads of Income and Computation of Total Income under various heads
4. Clubbing Provisions, Set – off and Carry forward of Losses, Deductions
5. Assessment of Income and tax liability of different persons
Section – C: Tax Management, Administrative Procedures, and ICDS	20 marks
6. TDS, TCS and Advance Tax
7 Administrative Procedures
8. Income Computation and Disclosure Standards – (ICDS)
Total	100 maximum marks

Paper – 8: Cost Accounting

Topics	Marks
1. Introduction to Cost Accounting	40 marks
A. Cost Ascertainment – Elements of Cost
B. Cost Accounting Standards
C. Cost Book Keeping
2. Methods of Costing	30 marks
3. Cost Accounting Techniques	30 marks
Total	100 maximum marks

CMA Inter Group 2 Syllabus 2023

The CMA Inter Group 2 subjects are from Paper 9 to Paper 12 and are as follows:

Paper – 9: Operations Management & Strategic Management

Topics	Marks
Section – A: Operations Management	70 marks
1. Operations Management – Introduction	15 marks
2. Operations Planning
3. Designing of Operational Systems and Control	35 marks
4. Production Planning and Control
5. Productivity Management and quality management
6. Project Management	20 marks
7. Economics of Maintenance and spares management
Section – B: Strategic Management	30 marks
8. Strategic Management Introduction
9. Strategic Analysis and Strategic Planning
10. Formulation and Implementation of Strategy
Total	100 maximum marks

Paper – 10: Cost and Management Accounting and Financial Management

Topics	Marks
Section – A: Cost & Management Accounting and Financial Management	50 marks
1. Cost and Management Accounting – Introduction
2. Decision-Making Tools
3. Budgeting and Budgetary Control
4. Standard Costing and Variance Analysis
5. Learning Curve
Section – B: Financial Management	50 marks
6. Introduction to Financial Management
7. Tools for Financial Analysis and Planning
8. Working Capital Management
9. Cost of Capital, Capital Structure Theories, Dividend Decisions, and Leverage Analysis
10. Capital Budgeting – Investment Decisions
Total	100 maximum marks

Paper – 11: Indirect Taxation

Topics	Marks
Section – A: Cannons of Taxations – Indirect Tax GST	80 marks
Section – B: Customs Laws	20 marks
Total	100 maximum marks

Paper – 12: Company Accounts & Audit

Topics	Marks
Section – A: Accounts of Joint Stock Companies	50 marks
1. Accounting of Shares and Debentures (25 marks)
2. Presentation of Financial Statements (as Per Schedule III)
3. Cash Flow Statement
4. Accounts of Banking, Electricity and Insurance Companies (25 marks)
Section – B: Auditing	50 marks
Part – A: Auditing Concepts (20 marks )
Part – B: Provision relating to Audit under the Companies Act (30 marks )
Total	100 maximum marks

CMA Intermediate Exam Pattern 2023

Students must be familiar with the exam format to achieve the highest CMA results. ICMAI’s website offers official facts about the exam’s format, number of papers, types of questions, grading system, duration, language, and other essential information.

The table below mentions the CMA Inter exam pattern 2023:

Particulars	Details
Mode of the examination	Offline, Pen-Paper Based
Type of questions	Objective & Subjective
Maximum marks for each subject	100
Number of CA Inter Subjects	8
Exam Duration	3 hours
Negative Marking	No negative marketing

Students preparing for the 2023 exams can join the CMA Intermediate Coaching of Inspire Academy. Here, you’ll get lectures from the top faculty, mock tests and personal attention.

FAQs of CMA Inter Subjects

How many papers are in CMA Intermediate?

There are eight CMA Inter Subjects, categorized into group 1 and group 2. Also, each subject carries 100 marks, and there is no negative marking. Moreover, students need to clear all eight subjects to qualify for the CMA Final.

Which group of CMA Inter is easy?

The overall opinion is that CMA group 2 is easier than CMA group 1. Furthermore, CMA group 2 passing rates are much greater than group 1 pass rates.

From where can I get the syllabus of the CMA Inter subjects?

You can get the CMA Intermediate syllabus from the official website of ICMAI, and you can download the CMA Inter Syllabus PDF. Also, you can find the direct links above in this post for all CMA Inter Subjects.

16 Jun

CMA

CMA Salary In India Inspire Academy

April 9, 2025
By inspire-admin

CMA
ICMAI campus placement

The job profile, location, area of specialization, and industry in which they operate are just a few of the variables that affect a cost and management accountant’s pay. If you have further CA or CFA degrees, you might even make up to 15-20 lakhs rupees annually.

”CMA

The average CMA pay in India is Rs 10 lakhs per year (or Rs 83000 per month), with salaries ranging from Rs 3 lakhs to Rs 40 lakhs. The yearly wage is based on the 500 newly chosen CMAs who will be placed on the ICMAI campus in 2022.

This post will inform you of the starting, average, and maximum CMA salaries in India in 2023 on an annual and monthly basis. Additionally, you can look at the career roles, top industries for CMAs to work in, and scope of each.
The average CMA pay in India is Rs 10 lakhs per year (or Rs 83000 per month), with salaries ranging from Rs 3 lakhs to Rs 40 lakhs. The yearly wage is based on the 500 newly chosen CMAs who will be placed on the ICMAI campus in 2022.

In addition, the highest salary offered to a new CMA during off-campus postings is Rs. 27 lakhs annually. A CMA’s highest annual compensation can reach up to Rs 55 lakhs with experience and knowledge.

The salary for CMAs in India on an annual and monthly basis are shown in the table below for 2023:

Particulars	CMA Salary per Annum	CMA Salary per Month
Starting Salary	Rs. 6.5 Lacs	Rs. 54,000 per month
Least Salary	Rs. 2 Lacs	Rs. 16,000 per month
Highest Salary of Fresher	Rs. 22 Lacs	Rs. 183,000 per month
CMA Average Salary in India	Rs. 10 Lacs	Rs. 83,000 per month
Highest CMA Salary	Rs. 55 Lacs	Rs. 458,000 per month

ParticularsCMA Salary per AnnumCMA Salary per MonthStarting SalaryRs. 6.5 LacsRs. 54,000 per monthLeast SalaryRs. 2 LacsRs. 16,000 per monthHighest Salary of FresherRs. 22 LacsRs. 183,000 per monthCMA Average Salary in IndiaRs. 10 LacsRs. 83,000 per monthHighest CMA SalaryRs. 55 LacsRs. 458,000 per monthParticularsCMA Salary per AnnumCMA Salary per Month

Particulars

CMA Salary per Annum

CMA Salary per Month

Starting SalaryRs. 6.5 LacsRs. 54,000 per month

Starting Salary

Rs. 6.5 Lacs

Rs. 54,000 per month

Least SalaryRs. 2 LacsRs. 16,000 per month

Least Salary

Rs. 2 Lacs

Rs. 16,000 per month

Highest Salary of FresherRs. 22 LacsRs. 183,000 per month

Highest Salary of Fresher

Rs. 22 Lacs

Rs. 183,000 per month

CMA Average Salary in IndiaRs. 10 LacsRs. 83,000 per month

CMA Average Salary in India

Rs. 10 Lacs

Rs. 83,000 per month

Highest CMA SalaryRs. 55 LacsRs. 458,000 per month

Highest CMA Salary

Rs. 55 Lacs

Rs. 458,000 per month

Your compensation will also be impacted by the number of times you need to take the CMA course, the time it takes, and the rank you get (if you do). So make an effort to pass the CMA Final examinations with a rank on your first try.

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”How

In response to the demand on the market, countries all over the world pay accountants enormous salaries. The annual compensation for a CMA working abroad is $85,000.

”Are

The figures then become clear. In managerial roles, an experienced CMA can earn up to $125,000.

In response to the demand on the market, countries all over the world pay accountants enormous salaries. The annual compensation for a CMA working abroad is $85,000.
The figures then become clear. In managerial roles, an experienced CMA can earn up to $125,000.

”CMA

Cost management accountants’ pay is based on a variety of criteria, including their position, location, industry, level of experience, and employer. You will learn about a CMA’s earnings based on many aspects in the section that follows.

”Cost

The CMAs’ salaries vary depending on their job descriptions. You can see a CMA’s salary for various job descriptions in the table below.

A Certified Management Accountant typically earns more money than a standard accountant, especially in the USA. CMAs are also given more desirable salary packages than non-CMAs and have better opportunities for progression in senior financial management positions.This article mentions your favorite hats at super low prices. Choose from same-day delivery, drive-up delivery or order pickup.
Cost management accountants’ pay is based on a variety of criteria, including their position, location, industry, level of experience, and employer. You will learn about a CMA’s earnings based on many aspects in the section that follows.
The CMAs’ salaries vary depending on their job descriptions. You can see a CMA’s salary for various job descriptions in the table below.

Job Role	Average CMA Salary
Financial Analyst	₹5.45 Lacs
Senior Financial Analyst	₹7.73 Lacs
Finance manager	₹11.22 Lacs
Senior Finance manager	₹20.48 Lacs
Chief Financial Officer	₹36.33 Lacs
Accountant	₹3.08 Lacs
Cost Management Accountant	₹05 Lacs

Job RoleAverage CMA SalaryFinancial Analyst₹5.45 LacsSenior Financial Analyst₹7.73 LacsFinance manager₹11.22 LacsSenior Finance manager₹20.48 LacsChief Financial Officer₹36.33 LacsAccountant₹3.08 LacsCost Management Accountant₹05 LacsJob RoleAverage CMA Salary

Job Role

Average CMA Salary

Financial Analyst₹5.45 Lacs

Financial Analyst

₹5.45 Lacs

Senior Financial Analyst₹7.73 Lacs

Senior Financial Analyst

₹7.73 Lacs

Finance manager₹11.22 Lacs

Finance manager

₹11.22 Lacs

Senior Finance manager₹20.48 Lacs

Senior Finance manager

₹20.48 Lacs

Chief Financial Officer₹36.33 Lacs

Chief Financial Officer

₹36.33 Lacs

Accountant₹3.08 Lacs

Accountant

₹3.08 Lacs

Cost Management Accountant₹05 Lacs

Cost Management Accountant

₹05 Lacs

The various career paths for cost and management accountants include:

Financial Analysts: They are essential to assessing the company’s financial value and future potential as well as monitoring its financial performance. In the company, they hold both junior and senior positions.
Finance Manager – The finance manager is responsible for managing all financial operations for the business.
Chief Financial Officer (CFO) – The CFO is one of the company’s key jobs. They are regarded as the CEO’s right hand. Their responsibility is to closely monitor financial reporting and projections.
CMA – A CMA’s job is to perform financial services such costing, certification, and cost and tax record verification.
Cost Accountants – They are responsible for analysing and documenting every profit and cost a company makes.

Financial Analysts: They are essential to assessing the company’s financial value and future potential as well as monitoring its financial performance. In the company, they hold both junior and senior positions.

Financial Analysts
: They are essential to assessing the company’s financial value and future potential as well as monitoring its financial performance. In the company, they hold both junior and senior positions.

Finance Manager – The finance manager is responsible for managing all financial operations for the business.

Finance Manager
– The finance manager is responsible for managing all financial operations for the business.

Chief Financial Officer (CFO) – The CFO is one of the company’s key jobs. They are regarded as the CEO’s right hand. Their responsibility is to closely monitor financial reporting and projections.

Chief Financial Officer (CFO)
– The CFO is one of the company’s key jobs. They are regarded as the CEO’s right hand. Their responsibility is to closely monitor financial reporting and projections.

CMA – A CMA’s job is to perform financial services such costing, certification, and cost and tax record verification.

CMA
– A CMA’s job is to perform financial services such costing, certification, and cost and tax record verification.

Cost Accountants – They are responsible for analysing and documenting every profit and cost a company makes.

Cost Accountants
– They are responsible for analysing and documenting every profit and cost a company makes.

”CMA

Every sector offers unique CMA packages in India and distinct career prospects. Here are the top industries in India that are paying the CMAs, even though standards have altered since the pandemic:

Industry	CMA Salary
Oil & Gas	₹ 19 Lakhs
Engineering/Construction	₹ 7.8-8.5 Lakhs
Education & Training	₹ 6.3-8.1 lakhs
Clinical research	₹ 3.9 Lakhs
Analytics/KPO	₹6.6 Lakhs
FMCG companies	₹ 5.7-7.3 Lakhs
Financial Services	₹3.5 Lakhs
IT services & consulting	₹ 10.1 Lakhs

IndustryCMA SalaryOil & Gas₹ 19 LakhsEngineering/Construction₹ 7.8-8.5 LakhsEducation & Training₹ 6.3-8.1 lakhsClinical research₹ 3.9 LakhsAnalytics/KPO₹6.6 LakhsFMCG companies₹ 5.7-7.3 LakhsFinancial Services₹3.5 LakhsIT services & consulting₹ 10.1 LakhsIndustryCMA Salary

Industry

CMA Salary

Oil & Gas₹ 19 Lakhs

Oil & Gas

₹ 19 Lakhs

Engineering/Construction₹ 7.8-8.5 Lakhs

Engineering/Construction

₹ 7.8-8.5 Lakhs

Education & Training₹ 6.3-8.1 lakhs

Education & Training

₹ 6.3-8.1 lakhs

Clinical research₹ 3.9 Lakhs

Clinical research

₹ 3.9 Lakhs

Analytics/KPO₹6.6 Lakhs

Analytics/KPO

₹6.6 Lakhs

FMCG companies₹ 5.7-7.3 Lakhs

FMCG companies

₹ 5.7-7.3 Lakhs

Financial Services₹3.5 Lakhs

Financial Services

₹3.5 Lakhs

IT services & consulting₹ 10.1 Lakhs

IT services & consulting

₹ 10.1 Lakhs

The United States is the first nation that comes to mind when we discuss other countries. As shown below, the CMA salary in the USA varies depending on the industry:

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Industry	CMA Salary in USD
Educational Industry	$103000
Medical	$94500
Retail and wholesale	$106000
Finance	$90000
Manufacturing	$100000
Government Sector	$94500
Public Accounting Sector	$85500

IndustryCMA Salary in USDEducational Industry$103000Medical$94500Retail and wholesale$106000Finance$90000Manufacturing$100000Government Sector$94500Public Accounting Sector$85500IndustryCMA Salary in USD

Industry

CMA Salary in USD

Educational Industry$103000

Educational Industry

$103000

Medical$94500

Medical

$94500

Retail and wholesale$106000

Retail and wholesale

$106000

Finance$90000

Finance

$90000

Manufacturing$100000

Manufacturing

$100000

Government Sector$94500

Government Sector

$94500

Public Accounting Sector$85500

Public Accounting Sector

$85500

”Average

A CMA’s workplace has a major impact on their salary. The Middle East and the USA are where CMA is most common even though over 100 nations now recognize it as a profession. The United States is the best place to work as a CMA because the average pay for employment after completing the course is very high there.

Let’s now examine the best-paying nations for cost management accountants:

Country	CMA Average Salary
USA	USD $109,119
Dubai	USD $111,000
Canada	USD $100,000
United Kingdom (UK)	USD $69,426
European countries	USD $81,403
Asian countries	USD $40,354
The Middle East	USD $40,722

CountryCMA Average SalaryUSAUSD $109,119DubaiUSD $111,000CanadaUSD $100,000United Kingdom (UK)USD $69,426European countriesUSD $81,403Asian countriesUSD $40,354The Middle EastUSD $40,722CountryCMA Average Salary

Country

CMA Average Salary

USAUSD $109,119

USA

USD $109,119

DubaiUSD $111,000

Dubai

USD $111,000

CanadaUSD $100,000

Canada

USD $100,000

United Kingdom (UK)USD $69,426

United Kingdom (UK)

USD $69,426

European countriesUSD $81,403

European countries

USD $81,403

Asian countriesUSD $40,354

Asian countries

USD $40,354

The Middle EastUSD $40,722

The Middle East

USD $40,722

You will earn more money working in an economically developed country with a sizable market for CMAs than you would in a developing country with little demand for CMAs.

”Average

The location of the employment determines the CMA salary in India. The average salary in India is determined by several variables, including the city’s cost of living.

Consider each country’s cost of living and benefits before determining where you want to live and work. Make sure to weigh all of your options because this will be your most important career decision before deciding.
The location of the employment determines the CMA salary in India. The average salary in India is determined by several variables, including the city’s cost of living.

The following table lists the CMA salary ranges for various cities:

Indian Cities	Salary Per Annum
CMA salary in Mumbai	₹2.5-14 Lacs
CMA salary in Kolkata	₹6-10 Lacs
CMA salary in Bangalore	₹6-9 Lacs
Kerala	₹6.5Lacs
Jaipur	₹3-6 Lacs
Delhi	₹6.5 Lacs

Indian CitiesSalary Per AnnumCMA salary in Mumbai₹2.5-14 LacsCMA salary in Kolkata₹6-10 LacsCMA salary in Bangalore₹6-9 LacsKerala₹6.5LacsJaipur₹3-6 LacsDelhi₹6.5 LacsIndian CitiesSalary Per Annum

Indian Cities

Salary Per Annum

CMA salary in Mumbai₹2.5-14 Lacs

CMA salary in Mumbai

₹2.5-14 Lacs

CMA salary in Kolkata₹6-10 Lacs

CMA salary in Kolkata

₹6-10 Lacs

CMA salary in Bangalore₹6-9 Lacs

CMA salary in Bangalore

₹6-9 Lacs

Kerala₹6.5Lacs

Kerala

₹6.5Lacs

Jaipur₹3-6 Lacs

Jaipur

₹3-6 Lacs

Delhi₹6.5 Lacs

Delhi

₹6.5 Lacs

”CMA

Government positions are also open to cost management accountants. The CMA pay offered by public sector entities is as follows:

Government Companies	Job Profile	CMA salary
NAFED	Manager of Accounts	₹6.5 Lakhs
Regional Centre for Biotech	Senior Accounts Assistant	₹8.5 Lakhs
IWAI	CFO	₹12 Lakhs

Government CompaniesJob ProfileCMA salaryNAFEDManager of Accounts₹6.5 LakhsRegional Centre for BiotechSenior Accounts Assistant₹8.5 LakhsIWAICFO₹12 LakhsGovernment CompaniesJob ProfileCMA salary

Government Companies

Job Profile

CMA salary

NAFEDManager of Accounts₹6.5 Lakhs

NAFED

Manager of Accounts

₹6.5 Lakhs

Regional Centre for BiotechSenior Accounts Assistant₹8.5 Lakhs

Regional Centre for Biotech

Senior Accounts Assistant

₹8.5 Lakhs

IWAICFO₹12 Lakhs

IWAI

CFO

₹12 Lakhs

₹12 Lakhs
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”Average

In India, the Big 4 businesses pay CMAs an annual compensation of 10.5 lakh rupees.

Private Companies	Job Profile	CMA salary
Hyundai Steels	Senior Cost Accountant	₹8.5 Lakhs
Malabar Gold & Diamonds	Costing manager	₹6 Lakhs
Kanodia Global	Cost Accountant	₹7 Lakhs

Private CompaniesJob ProfileCMA salaryHyundai SteelsSenior Cost Accountant₹8.5 LakhsMalabar Gold & DiamondsCosting manager₹6 LakhsKanodia GlobalCost Accountant₹7 LakhsPrivate CompaniesJob ProfileCMA salary

Private Companies

Job Profile

CMA salary

Hyundai SteelsSenior Cost Accountant₹8.5 Lakhs

Hyundai Steels

Senior Cost Accountant

₹8.5 Lakhs

Malabar Gold & DiamondsCosting manager₹6 Lakhs

Malabar Gold & Diamonds

Costing manager

₹6 Lakhs

Kanodia GlobalCost Accountant₹7 Lakhs

Kanodia Global

Cost Accountant

₹7 Lakhs

”CMA

According to ICMAI regulations, each organization must pay the following minimum CMA training stipend or salary:

Employer	Practicing CMA / CMA Firm	Corporate/Organization
Year – 1	Rs. 2,000	Rs. 8,000/Rs. 10,000*
Year – 2	Rs. 3,000	Rs. 10,000/ Rs.12,500*
Year – 3	Rs. 4,000	Rs. 12,000/Rs. 15,000*

EmployerPracticing CMA / CMA FirmCorporate/OrganizationYear – 1Rs. 2,000Rs. 8,000*/Rs. 10,000**Year – 2Rs. 3,000Rs. 10,000*/ Rs.12,500**Year – 3Rs. 4,000Rs. 12,000*/Rs. 15,000**EmployerPracticing CMA / CMA FirmCorporate/Organization

Employer

Practicing CMA / CMA Firm

Corporate/Organization

Year – 1Rs. 2,000Rs. 8,000*/Rs. 10,000**

Year – 1

Rs. 2,000

Rs. 8,000*/Rs. 10,000**

Year – 2Rs. 3,000Rs. 10,000*/ Rs.12,500**

Year – 2

Rs. 3,000

Rs. 10,000*/ Rs.12,500**

Year – 3Rs. 4,000Rs. 12,000*/Rs. 15,000**

Year – 3

Rs. 4,000

Rs. 12,000*/Rs. 15,000**

*Metropolitan and ‘A’ Grade Cities

* Other Places

”Working

As a CMA, he is in charge of monitoring the business’s finances, including revenue and outgoing costs. He may work for public, private, or governmental organisations. Strategic planning, decision-making, budgeting, keeping track of finances, and data preparation are daily responsibilities of CMA.

* Other Places
As a CMA, he is in charge of monitoring the business’s finances, including revenue and outgoing costs. He may work for public, private, or governmental organisations. Strategic planning, decision-making, budgeting, keeping track of finances, and data preparation are daily responsibilities of CMA.

The different duties of a CMA include:

Cost management – They are in charge of managing and controlling the budget as anticipated. They support firms with their expenses, keep them under control, and lessen the chance of going over budget.
Performance management – Examining the financial industry and a company’s performance in the market and making improvements. Their responsibility is to distribute tasks in accordance with the organisational framework.
Internal Control – They are in charge of assuring fiscal accountability and integrity as well as preventing fraud. The CMA’s responsibility is to oversee compliance with rules and regulations and prevent staff members from stealing or engaging in fraud.
Examine Profitability – A CMA’s responsibility is to carry out assessments by choosing particular ratios. By dividing equivalent values or profits by assets, expenses, and revenues, they arrive at profitability. It is essential to understand profit margin, equity return, asset return, and capital return.
Investment Decision – They are also in charge of choosing how much money to spend on various business and investment prospects. Their task is to hunt for investment proposals that will be advantageous to the business over the long run while assessing the proposal’s possible risks and level of uncertainty.

Cost management – They are in charge of managing and controlling the budget as anticipated. They support firms with their expenses, keep them under control, and lessen the chance of going over budget.

Cost management
– They are in charge of managing and controlling the budget as anticipated. They support firms with their expenses, keep them under control, and lessen the chance of going over budget.

Performance management – Examining the financial industry and a company’s performance in the market and making improvements. Their responsibility is to distribute tasks in accordance with the organisational framework.

Performance management
– Examining the financial industry and a company’s performance in the market and making improvements. Their responsibility is to distribute tasks in accordance with the organisational framework.

Internal Control – They are in charge of assuring fiscal accountability and integrity as well as preventing fraud. The CMA’s responsibility is to oversee compliance with rules and regulations and prevent staff members from stealing or engaging in fraud.

Internal Control
– They are in charge of assuring fiscal accountability and integrity as well as preventing fraud. The CMA’s responsibility is to oversee compliance with rules and regulations and prevent staff members from stealing or engaging in fraud.

Examine Profitability – A CMA’s responsibility is to carry out assessments by choosing particular ratios. By dividing equivalent values or profits by assets, expenses, and revenues, they arrive at profitability. It is essential to understand profit margin, equity return, asset return, and capital return.

Examine Profitability
– A CMA’s responsibility is to carry out assessments by choosing particular ratios. By dividing equivalent values or profits by assets, expenses, and revenues, they arrive at profitability. It is essential to understand profit margin, equity return, asset return, and capital return.

Investment Decision – They are also in charge of choosing how much money to spend on various business and investment prospects. Their task is to hunt for investment proposals that will be advantageous to the business over the long run while assessing the proposal’s possible risks and level of uncertainty.

Investment Decision
– They are also in charge of choosing how much money to spend on various business and investment prospects. Their task is to hunt for investment proposals that will be advantageous to the business over the long run while assessing the proposal’s possible risks and level of uncertainty.

”Areas

Worldwide and particularly in India, demand for CMAs is rising quickly. Due to their expertise in their fields, the majority of organisations want to hire them. CMAs work in a variety of disciplines and sectors. Several of the booming businesses include:

Finance
Research
Management
Accounting
Finance

Finance

Research

Research

Management

Management

Accounting

Accounting

”Various

Students can choose from a variety of subdisciplines to qualify as management accountants. For college students, a career as a cost management accountant is an excellent choice. The following is a list of the sub disciplines that make up a career as a cost management accountant.

Financial Consultant

Financial Consultant

Financial Consultant

The responsibility for ensuring the financial feasibility of suggested investments is on the financial manager. He is also in charge of doing financial analysis and research that sheds light on a company’s profitability, stability, and liquidity as well as advising firms on the issuance of corporate bonds.

Management Accountant

Management Accountant

Management Accountant

For a career as a CMA, the management accountant is a crucial subspecialty. Students must possess planning and strategic skills to succeed in this field. However, budgeting, planning, and strategic thinking skills will be necessary for accountants. Additionally, it will support management in deciding on long-term financial strategies for the company.

Chartered Accountant

Chartered Accountant

Chartered Accountant

A valued profession, chartered accounting is similar to cost management accounting. It is also one of the most well-known occupations in India. The job entails drafting business tax returns, analysing financial accounts, and giving financial advice.

Cost accountant

Cost accountant

Cost accountant

A cost accountant’s job is to keep track of and evaluate all expenditures made by a company. This enables the company to identify the areas where losses are occurring and improve its financial management.

Chief Financial Officer

Chief Financial Officer

Chief Financial Officer

Everyone would aspire to have the esteemed position of chief financial officer. A successful businessperson could be regarded as the CEO’s right hand. The CFO is often in charge of all financial reporting and projections. A career in this field could lead to a high CMA Salary in India.

”Top

All major organizations are looking for CMA specialists. Businesses employing CMA professionals frequently have superior financial planning when compared to those without.

Therefore, the top firms recruiting CMA, including the top four large firms:

Deloitte
EY India
PwC
KPMG
Deloitte

Deloitte

EY India

EY India

PwC

KPMG

KPMG

Other notable businesses where CMA professionals can find employment include:

Amazon
HPE
Accenture
Larsen & Toubro
Wipro
Cyqurex
Amazon

Amazon

HPE

Accenture

Accenture

Larsen & Toubro

Larsen & Toubro

Wipro

Wipro

Cyqurex

Cyqurex

”CMA

Take a look at the list of businesses that participated in the CMA campus placement for 2022:

Indian Oil Corporation
Tata Motors
Accenture
CEAT Ltd.
CAPITA India Pvt. Ltd.
Dupont
ICICI Bank
Tata Motors
GAIL Limited
Invenio Solutions
Indian Oil Corporation

Indian Oil Corporation

Tata Motors

Tata Motors

Accenture

Accenture

CEAT Ltd.

CEAT Ltd.

CAPITA India Pvt. Ltd.

CAPITA India Pvt. Ltd.

Dupont

Dupont

ICICI Bank

ICICI Bank

Tata Motors

Tata Motors

GAIL Limited

GAIL Limited

Invenio Solutions

Invenio Solutions

”CA

Even though both the CA and CMA have accounting as their foundation, the CA focuses more on taxation, auditing, and accounting, whilst the CMA is based on management accounting. The strategic management accounting component of the CMA programme takes the stage.

”Frequently

”What

For a CMA with 4 to 9 years of experience, the average annual salary is 21.8 lakhs.

”What

A CMA in India needs to have the following top skills:

The average CA salary in India is between Rs. 8 and Rs. 9 lakhs annually, and it rises with training and expertise. Contrarily, the typical remuneration offered to CMAs during college placement is Rs. 10 lakhs annually.
For a CMA with 4 to 9 years of experience, the average annual salary is 21.8 lakhs.
A CMA in India needs to have the following top skills:

Knowledge of generally accepted accounting standards (GAAP), tax fundamentals, and accounting fundamentals
Understanding cost accounting theoretically and using it practically
Outstanding financial concepts knowledge
possess expertise in areas such as core risk assessments, operational structure, and capital investment
Soft talents, such as writing, interpersonal skills, and communication and presentation skills
Knowledge of generally accepted accounting standards (GAAP), tax fundamentals, and accounting fundamentals

Knowledge of generally accepted accounting standards (GAAP), tax fundamentals, and accounting fundamentals

Understanding cost accounting theoretically and using it practically

Understanding cost accounting theoretically and using it practically

Outstanding financial concepts knowledge

Outstanding financial concepts knowledge

possess expertise in areas such as core risk assessments, operational structure, and capital investment

possess expertise in areas such as core risk assessments, operational structure, and capital investment

Soft talents, such as writing, interpersonal skills, and communication and presentation skills

Soft talents, such as writing, interpersonal skills, and communication and presentation skills

”Can

CMA can make millions of dollars. Additionally, working as a CMA in foreign nations like the USA increases your possibility of earning millions of dollars.

”Can

Even after passing the CMA course, employment is not a given. The candidate’s knowledge, skill, and exam performance will determine it entirely.

”What

In India, a CMA may expect to make an average of $85,000 per year in the US.

”Is

We can infer that CA is superior to CMA based on potential career breadth, job demand, knowledge, and compensation.

”Can

A CMA can indeed become the CFO. He must pass all three of the CFO exam levels. The CMA applicant will also find it simpler because he is well-versed in finance.

”Can

No, a CMA is not a person who is authorized to conduct tax audits in accordance with section 288 of the IT Act of 1961.

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CMA can make millions of dollars. Additionally, working as a CMA in foreign nations like the USA increases your possibility of earning millions of dollars.
Even after passing the CMA course, employment is not a given. The candidate’s knowledge, skill, and exam performance will determine it entirely.
In India, a CMA may expect to make an average of $85,000 per year in the US.
We can infer that CA is superior to CMA based on potential career breadth, job demand, knowledge, and compensation.
A CMA can indeed become the CFO. He must pass all three of the CFO exam levels. The CMA applicant will also find it simpler because he is well-versed in finance.
No, a CMA is not a person who is authorized to conduct tax audits in accordance with section 288 of the IT Act of 1961.

09 May

CMA

CMA Foundation Exam Inspire Academy

April 9, 2025
By inspire-admin

The CMA Foundation Exam is a challenging exam, but it is not impossible to pass. With careful preparation, you can increase your chances of success. Here are some tips to help you prepare for the CMA Foundation Exam:

The CMA Foundation Exam is the first step on the path to becoming a Certified Management Accountant (CMA). This exam tests your knowledge of fundamental accounting and business principles, and it is essential for anyone who wants to pursue a career in management accounting.
The CMA Foundation Exam is a challenging exam, but it is not impossible to pass. With careful preparation, you can increase your chances of success. Here are some tips to help you prepare for the CMA Foundation Exam:

Start early. The CMA Foundation Exam is a comprehensive exam, and it takes time to learn the material. Don’t wait until the last minute to start studying.
Create a study plan. Once you know when you want to take the exam, create a study plan that will help you stay on track. Your study plan should include time for lectures, readings, practice problems, and reviews.
Get organized. The CMA Foundation Exam covers a lot of material, so it’s important to be organized. Create a filing system for your notes and materials, and make sure you know where everything is.
Take practice exams. One of the best ways to prepare for the CMA Foundation Exam is to take practice exams. This will help you get familiar with the format of the exam, and it will give you a chance to practice your time management skills.
Join a study group. Studying with others can be a great way to stay motivated and on track. Find a group of people who are also taking the CMA Foundation Exam, and meet regularly to study together.
Get help from a tutor. If you’re struggling with a particular concept, don’t be afraid to get help from a tutor. A tutor can help you understand the material and develop a study plan that’s right for you.
Start early. The CMA Foundation Exam is a comprehensive exam, and it takes time to learn the material. Don’t wait until the last minute to start studying.

Start early. The CMA Foundation Exam is a comprehensive exam, and it takes time to learn the material. Don’t wait until the last minute to start studying.

Create a study plan. Once you know when you want to take the exam, create a study plan that will help you stay on track. Your study plan should include time for lectures, readings, practice problems, and reviews.

Create a study plan. Once you know when you want to take the exam, create a study plan that will help you stay on track. Your study plan should include time for lectures, readings, practice problems, and reviews.

Get organized. The CMA Foundation Exam covers a lot of material, so it’s important to be organized. Create a filing system for your notes and materials, and make sure you know where everything is.

Get organized. The CMA Foundation Exam covers a lot of material, so it’s important to be organized. Create a filing system for your notes and materials, and make sure you know where everything is.

Take practice exams. One of the best ways to prepare for the CMA Foundation Exam is to take practice exams. This will help you get familiar with the format of the exam, and it will give you a chance to practice your time management skills.

Take practice exams. One of the best ways to prepare for the CMA Foundation Exam is to take practice exams. This will help you get familiar with the format of the exam, and it will give you a chance to practice your time management skills.

Join a study group. Studying with others can be a great way to stay motivated and on track. Find a group of people who are also taking the CMA Foundation Exam, and meet regularly to study together.

Join a study group. Studying with others can be a great way to stay motivated and on track. Find a group of people who are also taking the CMA Foundation Exam, and meet regularly to study together.

Get help from a tutor. If you’re struggling with a particular concept, don’t be afraid to get help from a tutor. A tutor can help you understand the material and develop a study plan that’s right for you.

Get help from a tutor. If you’re struggling with a particular concept, don’t be afraid to get help from a tutor. A tutor can help you understand the material and develop a study plan that’s right for you.

The CMA Foundation Exam is a challenging exam, but it is possible to pass. With careful preparation, you can increase your chances of success. Follow these tips, and you’ll be well on your way to becoming a Certified Management Accountant.

Here are some additional tips that can help you prepare for the CMA Foundation Exam:

Use a variety of study materials. There are many different study materials available for the CMA Foundation Exam, including textbooks, online courses, and practice exams. Use a variety of materials to help you learn the material and stay engaged.
Find a quiet place to study. You’ll need to be able to focus when you’re studying for the CMA Foundation Exam. Find a quiet place where you won’t be interrupted.
Take breaks. Studying for the CMA Foundation Exam can be a lot of work. Be sure to take breaks throughout the day to avoid burnout.
Believe in yourself. The CMA Foundation Exam is a challenging exam, but it’s possible to pass. Believe in yourself and your ability to succeed.

personalised phone case phone case wallet elf bar e liquid custom phone cases

Use a variety of study materials. There are many different study materials available for the CMA Foundation Exam, including textbooks, online courses, and practice exams. Use a variety of materials to help you learn the material and stay engaged.

Use a variety of study materials. There are many different study materials available for the CMA Foundation Exam, including textbooks, online courses, and practice exams. Use a variety of materials to help you learn the material and stay engaged.

Find a quiet place to study. You’ll need to be able to focus when you’re studying for the CMA Foundation Exam. Find a quiet place where you won’t be interrupted.

Find a quiet place to study. You’ll need to be able to focus when you’re studying for the CMA Foundation Exam. Find a quiet place where you won’t be interrupted.

Take breaks. Studying for the CMA Foundation Exam can be a lot of work. Be sure to take breaks throughout the day to avoid burnout.

Take breaks. Studying for the CMA Foundation Exam can be a lot of work. Be sure to take breaks throughout the day to avoid burnout.

Believe in yourself. The CMA Foundation Exam is a challenging exam, but it’s possible to pass. Believe in yourself and your ability to succeed.

Believe in yourself. The CMA Foundation Exam is a challenging exam, but it’s possible to pass. Believe in yourself and your ability to succeed.

I hope these tips help you prepare for the CMA Foundation Exam. Good luck!

”Conclusion:”

The CMA Foundation Exam is a critical step in your journey to becoming a Certified Management Accountant. By following the tips in this blog, you can increase your chances of success on the exam and set yourself up for a successful career in management accounting.

I hope these tips help you prepare for the CMA Foundation Exam. Good luck!
The CMA Foundation Exam is a critical step in your journey to becoming a Certified Management Accountant. By following the tips in this blog, you can increase your chances of success on the exam and set yourself up for a successful career in management accounting.

26 Apr

CMA

CMA Foundation Syllabus 2023 Inspire Academy

April 9, 2025
By inspire-admin

The CMA Foundation syllabus is available now to all CMA Foundation aspirants so that they can plan their study effectively.. Before start their study, candidates who have registered for the exam must go through the CMA Foundation Syllabus properly so that they can understand it well.. The CMA Foundation syllabus for CMA Foundation exam has been published by ICMAI and will be used starting in the June 2023 term. The CMA Foundation exam will be administered using the 2016 syllabus until December 2023. Candidates who want to switch from the old to the new syllabus must pay a conversion fee of Rs. 250. The CMA Foundation syllabus 2023 includes information about the papers covered, subjects, and subtopics covered. According to the exam schedule, the CMA Foundation exam is offered twice a year by ICMAI: once in June and once in December.

”CMA

https://www.high-endrolex.com/10

CMA Foundation syllabus
CMA Foundation Syllabus
CMA Foundation syllabus

Paper 1 – Fundamentals Of Financial And Cost Accounting (FFCA)

Paper 1 – Fundamentals Of Financial And Cost Accounting (FFCA)

Module no.	Module Description	Weight
Module no.	Section A: Fundamentals of Financial Accounting	70%
1.	Accounting Fundamentals	30%
2.	Accounting for Special Transactions	15%
3.	Preparation of Final Accounts	25%
4.	Section B: Fundamentals of Cost Accounting	30%
4.	Fundamentals of Cost Accounting	30%

Module no.Module DescriptionWeightSection A: Fundamentals of Financial Accounting70%Module no.Module DescriptionWeight

Module no.

Module Description

Weight

Section A: Fundamentals of Financial Accounting70%

Section A: Fundamentals of Financial Accounting

70%

1.Accounting Fundamentals30%2.Accounting for Special Transactions15%3.Preparation of Final Accounts25%4.Section B: Fundamentals of Cost Accounting30%Fundamentals of Cost Accounting30%1.Accounting Fundamentals30%

Accounting Fundamentals

30%

2.Accounting for Special Transactions15%

Accounting for Special Transactions

15%

3.Preparation of Final Accounts25%

Preparation of Final Accounts

25%

4.Section B: Fundamentals of Cost Accounting30%

Section B: Fundamentals of Cost Accounting

30%

Fundamentals of Cost Accounting30%

Fundamentals of Cost Accounting

30%

SECTION A: Fundamentals Of Financial Accounting

SECTION A: Fundamentals Of Financial Accounting

Accounting Fundamentals

Accounting Fundamentals

Accounting Fundamentals1.1 Understanding of Four Frameworks of Accounting (Conceptual, Legal, Institutional and

1.1 Understanding of Four Frameworks of Accounting (Conceptual, Legal, Institutional andRegulatory) and Forms of Organisation

Regulatory) and Forms of Organisation1.2 Accounting Principles, Concepts and Conventions

1.2 Accounting Principles, Concepts and Conventions1.3 Capital and Revenue Transactions – Capital and Revenue Expenditures, Capital and Revenue

1.3 Capital and Revenue Transactions – Capital and Revenue Expenditures, Capital and RevenueReceipts

Receipts1.4 Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction –

1.4 Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction –Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books and

Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books andFinalisation of Accounts

Finalisation of Accounts1.5 Journal (Day Books; Journal Proper – Opening, Transfer, Closing, Adjustment and Rectification

1.5 Journal (Day Books; Journal Proper – Opening, Transfer, Closing, Adjustment and RectificationEntries), Ledger

Entries), Ledger1.6 Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement

1.6 Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement1.7 Trial Balance

1.7 Trial Balance1.8 Adjustment Entries and Rectification of Errors

1.8 Adjustment Entries and Rectification of Errors1.9 Depreciation (Straight Line and Diminishing Balance Methods only)

1.9 Depreciation (Straight Line and Diminishing Balance Methods only)1.10 Accounting Treatment of Bad Debts and Provision for Doubtful Debts

1.10 Accounting Treatment of Bad Debts and Provision for Doubtful Debts

Accounting for Special Transactions

Accounting for Special Transactions

Accounting for Special Transactions2.1 Consignment

2.1 Consignment2.2 Joint Venture

2.2 Joint Venture2.3 Bills of Exchange (excluding Accommodation Bill, Insolvency)

2.3 Bills of Exchange (excluding Accommodation Bill, Insolvency)

Preparation of Final Accounts

Preparation of Final Accounts

Preparation of Final Accounts3.1 Preparation of Financial Statements of Sole Proprietorship

3.1 Preparation of Financial Statements of Sole Proprietorship3.1.1 Income Statement, Balance Sheet

3.1.1 Income Statement, Balance Sheet3.2 Preparation of Financial Statements of a Not-for-Profit Organisation

3.2 Preparation of Financial Statements of a Not-for-Profit Organisation3.2.1 Preparation of Receipts and Payments Account

3.2.1 Preparation of Receipts and Payments Account3.2.2 Preparation of Income and Expenditure Account

3.2.2 Preparation of Income and Expenditure Account3.2.3 Preparation of Balance Sheet

3.2.3 Preparation of Balance SheetSection B: Fundamentals Of Cost Accounting

Section B: Fundamentals Of Cost Accounting

Fundamentals of Cost Accounting

Fundamentals of Cost Accounting

Fundamentals of Cost Accounting4.1 Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting

4.1 Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting4.2 Application of Cost Accounting for Business Decisions

4.2 Application of Cost Accounting for Business Decisions4.3 Definition of Cost, Cost Centre, Cost Unit and Cost Drivers

4.3 Definition of Cost, Cost Centre, Cost Unit and Cost Drivers4.4 Classification of Costs (with reference to Cost Accounting Standard 1)

4.4 Classification of Costs (with reference to Cost Accounting Standard 1)4.5 Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)

4.5 Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)

Paper 2- Fundamentals Of Business Laws And Business Communication (FBLC)

Paper 2- Fundamentals Of Business Laws And Business Communication (FBLC)

Module no.	Module Description	Weight
Module no.	Section A: Fundamentals of Business Laws	80%
1.	Introduction	10%
2.	Indian Contracts Act, 1872	30%
3.	Sale of Goods Act, 1930	20%
4.	Negotiable Instruments Act,1881	20%
5.	Section B: Business Communication	20%
5.	Business Communication	20%

Module no.Module DescriptionWeightSection A: Fundamentals of Business Laws80%1.Introduction10%2.Indian Contracts Act, 187230%3.Sale of Goods Act, 193020%4.Negotiable Instruments Act,188120%5.Section B: Business Communication20%Business Communication20%Module no.Module DescriptionWeight

Module no.

Module Description

Weight

Section A: Fundamentals of Business Laws80%

Section A: Fundamentals of Business Laws

80%

1.Introduction10%

1.Introduction

Introduction

10%

2.Indian Contracts Act, 187230%

2.Indian Contracts Act, 1872

Indian Contracts Act, 1872

30%

3.Sale of Goods Act, 193020%

3.Sale of Goods Act, 1930

Sale of Goods Act, 1930

20%

4.Negotiable Instruments Act,188120%

4.Negotiable Instruments Act,1881

Negotiable Instruments Act,1881

20%

5.Section B: Business Communication20%

5.Section B: Business Communication

Section B: Business Communication

20%

Business Communication20%

Business Communication

20%

SECTION A: Fundamentals Of Business Laws

SECTION A: Fundamentals Of Business Laws

Introduction

Introduction

Introduction1.1 Sources of Law

1.1 Sources of Law1.2 Legislative Process in India

1.2 Legislative Process in India1.3 Legal Methods and Court System in India

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1.3 Legal Methods and Court System in India1.4 Primary and Subordinate Legislation

1.4 Primary and Subordinate Legislation

Indian Contracts Act, 1872

Indian Contracts Act, 1872

Indian Contracts Act, 18722.1 Essential Elements of a Contract, Types of Contract, Offer and Acceptance

2.1 Essential Elements of a Contract, Types of Contract, Offer and Acceptance2.2 Void and Voidable Agreements, No Consideration No Contract

2.2 Void and Voidable Agreements, No Consideration No Contract2.3 Consideration, Legality of Object and Consideration

2.3 Consideration, Legality of Object and Consideration2.4 Capacity of Parties, Free Consent

2.4 Capacity of Parties, Free Consent2.5 Quasi and Contingent Contracts

2.5 Quasi and Contingent Contracts2.6 Performance of Contracts

2.6 Performance of Contracts2.7 Meaning of Indemnity, Guarantee, Pledge, Agent

2.7 Meaning of Indemnity, Guarantee, Pledge, Agent2.8 E-Contracts and E-Signature – Meanings and Requirements

2.8 E-Contracts and E-Signature – Meanings and Requirements2.9 Discharge of Contracts

2.9 Discharge of Contracts2.10 Breach of Contract and Remedies for Breach of Contract

2.10 Breach of Contract and Remedies for Breach of Contract

Sale of Goods Act, 1930

Sale of Goods Act, 1930

Sale of Goods Act, 19303.1. Definition

3.1. Definition3.2. Transfer of Ownership

3.2. Transfer of Ownership3.3. Essential Conditions of a Contract of Sale

3.3. Essential Conditions of a Contract of Sale3.4. Conditions and Warranties

3.4. Conditions and Warranties3.5. Performance of the Contract of Sale

3.5. Performance of the Contract of Sale3.6. Rights of Unpaid Seller

3.6. Rights of Unpaid Seller

Negotiable Instruments Act, 1881

Negotiable Instruments Act, 1881

Negotiable Instruments Act, 18814.1. Characteristics of Negotiable Instruments

4.1. Characteristics of Negotiable Instruments4.2. Definitions of Promissory Note, Bill of Exchange and Cheque

4.2. Definitions of Promissory Note, Bill of Exchange and Cheque4.3. Difference between Promissory Note, Bill of Exchange and Cheque

4.3. Difference between Promissory Note, Bill of Exchange and Cheque4.4. Crossing – Meaning, Definition and Types of Crossing

4.4. Crossing – Meaning, Definition and Types of Crossing4.5. Dishonour of Cheques (Section 138)

4.5. Dishonour of Cheques (Section 138)SECTION B: BUSINESS COMMUNICATION

SECTION B: BUSINESS COMMUNICATION

Business Communication

Business Communication

Business Communication5.1 Introduction to Business Communication

5.1 Introduction to Business Communication5.2 Features of Effective Business Communication

5.2 Features of Effective Business Communication5.3 Process of Communication

5.3 Process of Communication5.4 Types of Business Communication

5.4 Types of Business Communication5.4.1 Formal and Informal Communication

5.4.1 Formal and Informal Communication5.4.2 Verbal, Non-verbal and Written Communication

5.4.2 Verbal, Non-verbal and Written Communication5.4.3 Vertical, Horizontal and Diagonal Communication

5.4.3 Vertical, Horizontal and Diagonal Communication5.4.4 Upward and Downward Communication

5.4.4 Upward and Downward Communication5.4.5 Lateral Communication

5.4.5 Lateral Communication5.5 Internet Based Business Communication

5.5 Internet Based Business Communication5.6 Do’s and Don’ts of Communication through Social Media

5.6 Do’s and Don’ts of Communication through Social Media5.7 Writing and Drafting for Business Audiences

5.7 Writing and Drafting for Business Audiences5.7.1 Letter and Memorandum

5.7.1 Letter and Memorandum5.7.2 Report – Formal and Informal

5.7.2 Report – Formal and Informal5.7.3 Business Proposal

5.7.3 Business Proposal5.7.4 Enhancement of Writing Skills

5.7.4 Enhancement of Writing Skills5.8 Intercultural and International Business Communication

5.8 Intercultural and International Business Communication5.9 Barriers to Business Communication

5.9 Barriers to Business Communication5.10 Legal Aspects of Business Communication

5.10 Legal Aspects of Business Communication5.11 Use of Graphics and References for Business Communication

5.11 Use of Graphics and References for Business Communication

Paper 3 – Fundamentals Of Business Economics And Management (FBEM)

Paper 3 – Fundamentals Of Business Economics And Management (FBEM)

Module no.	Module Description	Weight
Module no.	Section A: Fundamentals of Business Economics	70%
1.	Basic Concepts	15%
2.	Forms of Market	20%
3.	Money and Banking	20%
4.	Economic and Business Environment	15%
5.	Section B: Fundamentals of Management	30%
5.	Fundamentals of Management	30%

Module no.Module DescriptionWeightSection A: Fundamentals of Business Economics70%1.Basic Concepts15%2.Forms of Market20%3.Money and Banking20%4.Economic and Business Environment15%5.Section B: Fundamentals of Management30%Fundamentals of Management30%Module no.Module DescriptionWeight

Module no.

Module Description

Weight

Section A: Fundamentals of Business Economics70%

Section A: Fundamentals of Business Economics

70%

1.Basic Concepts15%

Basic Concepts

15%

2.Forms of Market20%

Forms of Market

20%

3.Money and Banking20%

Money and Banking

20%

4.Economic and Business Environment15%

Economic and Business Environment

15%

5.Section B: Fundamentals of Management30%

Section B: Fundamentals of Management

30%

Fundamentals of Management30%

Fundamentals of Management

30%

Section A: Fundamentals Of Business Economics

Section A: Fundamentals Of Business Economics

Basic Concepts

Basic Concepts

Basic Concepts1.1 The Fundamentals of Economics

1.1 The Fundamentals of Economics1.2 Utility, Wealth, Production

1.2 Utility, Wealth, Production1.3 Theory of Demand (Meaning, Determinants of Demand, Law of Demand, Elasticity of Demand

1.3 Theory of Demand (Meaning, Determinants of Demand, Law of Demand, Elasticity of Demand– Price, Income and Cross Elasticity, Theory of Consumer Behaviour, Demand Forecasting) and

– Price, Income and Cross Elasticity, Theory of Consumer Behaviour, Demand Forecasting) andSupply (Meaning, Determinants, Law of Supply and Elasticity of Supply), Equilibrium

Supply (Meaning, Determinants, Law of Supply and Elasticity of Supply), Equilibrium1.4 Theory of Production (Meaning, Factors, Laws of Production – Law of Variable Proportion, Laws

1.4 Theory of Production (Meaning, Factors, Laws of Production – Law of Variable Proportion, Lawsof Returns to Scale)

of Returns to Scale)1.5 Cost of Production (Concept of Costs, Short-run and Long-run Costs, Average and Marginal Costs,

1.5 Cost of Production (Concept of Costs, Short-run and Long-run Costs, Average and Marginal Costs,Total, Fixed and Variable Costs)

Total, Fixed and Variable Costs)1.6 Means of Production

1.6 Means of Production

Forms of Market

Forms of Market

Forms of Market2.1 Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly,

2.1 Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly,Oligopoly, Monopoly, Monopolistic Competition

Oligopoly, Monopoly, Monopolistic Competition2.2 Price Discrimination

2.2 Price Discrimination

Money and Banking

Money and Banking

Money and Banking3.1 Money – Types, Features and Functions

3.1 Money – Types, Features and Functions3.2 Banking – Definition, Functions, Utility, Principles

3.2 Banking – Definition, Functions, Utility, Principles3.3 Commercial Banks, Central Bank

3.3 Commercial Banks, Central Bank3.4 Measures of Credit Control and Money Market

3.4 Measures of Credit Control and Money Market

Economic and Business Environment

Economic and Business Environment

Economic and Business Environment4.1 PESTEL (Political, Economic, Societal, Technological, Environmental and Legal) Analysis

4.1 PESTEL (Political, Economic, Societal, Technological, Environmental and Legal) Analysis4.2 Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear of

4.2 Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear ofUnknown and Unprecedented Ness)

Unknown and Unprecedented Ness)

Section B – Fundamentals Of Management

Section B – Fundamentals Of Management

Fundamentals of Management

Fundamentals of Management

Fundamentals of Management5.1 Introduction to Management

5.1 Introduction to Management5.2 Stewardship Theory and Agency Theory of Management

5.2 Stewardship Theory and Agency Theory of Management5.3 Planning, Organising, Staffing and Leading

5.3 Planning, Organising, Staffing and Leading5.4 Communication, Coordination, Collaboration, Monitoring and Control

5.4 Communication, Coordination, Collaboration, Monitoring and Control5.5 Organisation Structure, Responsibility, Accountability and Delegation of Authority

5.5 Organisation Structure, Responsibility, Accountability and Delegation of Authority5.6 Leadership and Motivation – Concepts and Theories

5.6 Leadership and Motivation – Concepts and Theories5.7 Decision-making – Types and Process

5.7 Decision-making – Types and Process

Paper 4 – Fundamentals Of Business Mathematics And Statistics (FBMS)

Paper 4 – Fundamentals Of Business Mathematics And Statistics (FBMS)

Module no.	Module Description	Weight
Module no.	Section A: Fundamentals of Business Mathematics	40%
1.	Arithmetic	15%
2.	Algebra	20%
3.	Calculus – Application in Business	5%
4.	Section B: Fundamentals of Business Statistics	60%
4.	Statistical Representation of Data	5%
5.	Measures of Central Tendency and Dispersion	15%
6.	Correlation and Regression	15%
7.	Probability	15%
8.	Index Numbers and Time Series	10%

Module no.Module DescriptionWeightSection A: Fundamentals of Business Mathematics40%1.Arithmetic15%2.Algebra20%3.Calculus – Application in Business5%4.Section B: Fundamentals of Business Statistics60%Statistical Representation of Data5%5.Measures of Central Tendency and Dispersion15%6.Correlation and Regression15%7.Probability15%8.Index Numbers and Time Series10%Module no.Module DescriptionWeight

Module no.

Module Description

Weight

Section A: Fundamentals of Business Mathematics40%

Section A: Fundamentals of Business Mathematics

40%

1.Arithmetic15%

Arithmetic

15%

2.Algebra20%

Algebra

20%

3.Calculus – Application in Business5%

Calculus – Application in Business

4.Section B: Fundamentals of Business Statistics60%

Section B: Fundamentals of Business Statistics

60%

Statistical Representation of Data5%

Statistical Representation of Data

5.Measures of Central Tendency and Dispersion15%

Measures of Central Tendency and Dispersion

15%

6.Correlation and Regression15%

Correlation and Regression

15%

7.Probability15%

Probability

15%

8.Index Numbers and Time Series10%

Index Numbers and Time Series

10%

Section A: Fundamentals Of Business Mathematics

Section A: Fundamentals Of Business Mathematics

Arithmetic

Arithmetic

Arithmetic1.1 Ratios, Variations and Proportions

1.1 Ratios, Variations and Proportions1.2 Time Value of Money and Annuity – Simple and Compound Interest

1.2 Time Value of Money and Annuity – Simple and Compound Interest1.3 Arithmetic Progression and Geometric Progression

1.3 Arithmetic Progression and Geometric Progression1.4 Time and Distance

1.4 Time and Distance

Algebra

Algebra

Algebra2.1 Set Theory, including Venn Diagram

2.1 Set Theory, including Venn Diagram2.2 Indices and Logarithms (Basic Concepts)

2.2 Indices and Logarithms (Basic Concepts)2.3 Permutation and Combinations (Basic Concepts)

2.3 Permutation and Combinations (Basic Concepts)2.4 Quadratic Equations (Basic Concepts)

2.4 Quadratic Equations (Basic Concepts)

Calculus – Application in Business

Calculus – Application in Business

Calculus – Application in Business3.1 Concept of Calculus and its Application in Business

3.1 Concept of Calculus and its Application in Business3.2 Revenue and Cost Function

3.2 Revenue and Cost Function3.3 Optimisation Techniques (Basic Concepts)

3.3 Optimisation Techniques (Basic Concepts)Section B: Fundamentals Of Business Statistics

Section B: Fundamentals Of Business Statistics

Statistical Representation of Data

Statistical Representation of Data

Statistical Representation of Data4.1 Diagrammatic Representation of Data

4.1 Diagrammatic Representation of Data4.2 Frequency Distribution

4.2 Frequency Distribution4.3 Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart

4.3 Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart

Measures of Central Tendency and Dispersion

Measures of Central Tendency and Dispersion

Measures of Central Tendency and Dispersion5.1 Mean, Median, Mode, Mean Deviation

5.1 Mean, Median, Mode, Mean Deviation5.2 Range, Quartiles and Quartile Deviation

5.2 Range, Quartiles and Quartile Deviation5.3 Standard Deviation

5.3 Standard Deviation5.4 Coefficient of Variation

5.4 Coefficient of Variation5.5 Karl Pearson and Bowley’s Coefficient of Skewness

5.5 Karl Pearson and Bowley’s Coefficient of Skewness

Correlation and Regression

Correlation and Regression

Correlation and Regression6.1 Scatter Diagram

6.1 Scatter Diagram6.2 Karl Pearson’s Coefficient of Correlation

6.2 Karl Pearson’s Coefficient of Correlation6.3 Regression Analysis

6.3 Regression Analysis

Probability

Probability

Probability7.1 Concepts and Terminologies

7.1 Concepts and Terminologies7.2 Primary applications of Probability Theorems

7.2 Primary applications of Probability Theorems

Index Numbers and Time Series

Index Numbers and Time Series

Index Numbers and Time Series8.1 Uses of Index Numbers, Methods of Construction of Index Number

8.1 Uses of Index Numbers, Methods of Construction of Index Number8.2 Components of Time Series and Calculation of Trend by Moving Average Method

8.2 Components of Time Series and Calculation of Trend by Moving Average MethodConclusion:

Conclusion:It is always crucial to understand the CMA Foundation Syllabus as that is the only way to create the best study plan as per the weightage of the subjects & the length of the syllabus of the specific topics. The CMA Foundation syllabus 2023, which will be applicable for June 2023 & November 2023 & all the exams in future till the next update in CMA Foundation Syllabus.

It is always crucial to understand the CMA Foundation Syllabus as that is the only way to create the best study plan as per the weightage of the subjects & the length of the syllabus of the specific topics. The CMA Foundation syllabus 2023, which will be applicable for June 2023 & November 2023 & all the exams in future till the next update in CMA Foundation Syllabus.
CMA Foundation Syllabus
CMA Foundation syllabus
CMA Foundation SyllabusUnderstand the CMA Foundation Syllabus property & do well in the exams.

Understand the CMA Foundation Syllabus property & do well in the exams.BEst of luck to all CMA Foundation aspirants!

BEst of luck to all CMA Foundation aspirants!

23 Dec

CMA, CMA Inter

How To Clear CMA Inter Group 1 Inspire Academy

April 9, 2025
By inspire-admin

The CMA Intermediate examination represents the second level of the three stages one needs to clear to become a Cost and Management Accountant (CMA) licensed by the Institute of Cost and Management Accountants of India (ICMAI). CMA Intermediate consists of 2 groups.
Group 1 includes Paper-5 (Financial Accounting), Paper-6 (Laws and Ethics), Paper-7 (Direct Taxation), and Paper-8 (Cost Accounting), and Group 2 includes Paper-9 (Operations Management and Strategic Management, Paper-10 (Cost & Management Accounting and Financial Management), Paper-11 (Indirect Taxation), and finally, Paper-12 (Company Accounts & Audit).Group 1 includes Paper-5 (Financial Accounting), Paper-6 (Laws and Ethics), Paper-7 (Direct Taxation), and Paper-8 (Cost Accounting), and Group 2 includes Paper-9 (Operations Management and Strategic Management, Paper-10 (Cost & Management Accounting and Financial Management), Paper-11 (Indirect Taxation), and finally, Paper-12 (Company Accounts & Audit).

”CMA

Financial accounting is all about memorization of the journal entries. You can try to understand how those entries are written (for example Bills of Exchange or Consignment Accounting), but unless you have commerce background, you are better off writing down the journal entries for different transactions on a paper and memorizing the same.
At the end of the Financial Accounting examination paper, you shall find at least 15 marks worth of questions that are short-answer/short-note based. Those questions are often based on the concepts from different chapters, so you CANNOT afford to skip any parts of the theory.
Practice writing and drawing financial statements by hand. It’s tempting to simply write the journal entries and be done with the questions, but your speed shall not improve unless you completely answer the questions by hand.
Do NOT skip the following chapters: Accounting Standards, Accounting for Non-Profit Organizations (NPO), Royalties, and Partnerships (if you have the time). Those topics carry huge marks and skipping them drastically reduces your chances of passing the examinations.
Read aloud the theory parts of the chapters if you can learn from hearing and reciting the information; reading is often quicker than writing and hence, it will save you ample amounts of time.

Financial accounting is all about memorization of the journal entries. You can try to understand how those entries are written (for example Bills of Exchange or Consignment Accounting), but unless you have commerce background, you are better off writing down the journal entries for different transactions on a paper and memorizing the same.
At the end of the Financial Accounting examination paper, you shall find at least 15 marks worth of questions that are short-answer/short-note based. Those questions are often based on the concepts from different chapters, so you CANNOT afford to skip any parts of the theory.
Practice writing and drawing financial statements by hand. It’s tempting to simply write the journal entries and be done with the questions, but your speed shall not improve unless you completely answer the questions by hand.
Do NOT skip the following chapters: Accounting Standards, Accounting for Non-Profit Organizations (NPO), Royalties, and Partnerships (if you have the time). Those topics carry huge marks and skipping them drastically reduces your chances of passing the examinations.
Read aloud the theory parts of the chapters if you can learn from hearing and reciting the information; reading is often quicker than writing and hence, it will save you ample amounts of time.

”CMA

Laws and ethics are about memorization and application of concepts to scenario-based questions and caselets. You might need to read this subject a bit every day so that you do not forget the various laws.
Stick to the ICMAI study material only (study material, RTPs, and MTPs). This goes for CMA Intermediate preparation in general, but in terms of theory subjects like Laws and Ethics, it’s even more important so you don’t get confused studying 5 different versions of the same law.
Avoid rewriting large chunks of information. Laws and Ethics are completely theory-based subjects, and you will only be wasting your time. However, you can make note of the main points to remember for any law which will help you recollect the information with ease when you are revising.
Instead of spending hours reading the study material and trying to understand what a law is all about, check out SuperProfs’ simplified videos on Laws and Ethics to get the idea of what each law is all about quickly.
The Companies Act, 2013 is the biggest chapter in the syllabus, but if you can study it like a story instead of mugging up the concepts one after another, you are likely to retain more information in memory.
Avoid writing or memorizing the years for the different laws unless you are 100% confident that you will get them correctly in the examination. We suggest that you do NOT take the risk, because ICMAI does not reward you extra marks for getting the dates or years correctly, but you will certainly lose marks if you get those wrong.

Laws and ethics are about memorization and application of concepts to scenario-based questions and caselets. You might need to read this subject a bit every day so that you do not forget the various laws.
Stick to the ICMAI study material only (study material, RTPs, and MTPs). This goes for CMA Intermediate preparation in general, but in terms of theory subjects like Laws and Ethics, it’s even more important so you don’t get confused studying 5 different versions of the same law.
Avoid rewriting large chunks of information. Laws and Ethics are completely theory-based subjects, and you will only be wasting your time. However, you can make note of the main points to remember for any law which will help you recollect the information with ease when you are revising.
Instead of spending hours reading the study material and trying to understand what a law is all about, check out SuperProfs’ simplified videos on Laws and Ethics to get the idea of what each law is all about quickly.
The Companies Act, 2013 is the biggest chapter in the syllabus, but if you can study it like a story instead of mugging up the concepts one after another, you are likely to retain more information in memory.
Avoid writing or memorizing the years for the different laws unless you are 100% confident that you will get them correctly in the examination. We suggest that you do NOT take the risk, because ICMAI does not reward you extra marks for getting the dates or years correctly, but you will certainly lose marks if you get those wrong.

”CMA

Do NOT memorize the Section numbers for the various acts unless you are 100% sure you will get them right in the examination. From our experience, we would advise you to not try.
Make a list of all the deductions under various sections and memorize those with their given amounts. For example, Under Section 80C, one can claim a total of INR 1,50,000 as a deduction from their taxable income.
For chapters like Residential Income, make sure you create tables that summarize the information (for example the bases to determine whether a person’s income should be taxed or not).
Practice as many questions as you can. Questions from the direct taxation subject can be lengthy and you may need much more time to complete them.
Draw the “Steps to Solve” for each kind of questions on charts and stick them up where you can see them. An example of this would be how the taxable income of an individual is computed under Income from Salaries.
Do NOT skip the 5 heads including Income under the Head ‘Salaries’, ‘Capital Gains’, ‘House Property’, ‘Profits and Gains from Business and Profession’, and ‘Income from Other Sources’.

Do NOT memorize the Section numbers for the various acts unless you are 100% sure you will get them right in the examination. From our experience, we would advise you to not try.
Make a list of all the deductions under various sections and memorize those with their given amounts. For example, Under Section 80C, one can claim a total of INR 1,50,000 as a deduction from their taxable income.
For chapters like Residential Income, make sure you create tables that summarize the information (for example the bases to determine whether a person’s income should be taxed or not).
Practice as many questions as you can. Questions from the direct taxation subject can be lengthy and you may need much more time to complete them.
Draw the “Steps to Solve” for each kind of questions on charts and stick them up where you can see them. An example of this would be how the taxable income of an individual is computed under Income from Salaries.
Do NOT skip the 5 heads including Income under the Head ‘Salaries’, ‘Capital Gains’, ‘House Property’, ‘Profits and Gains from Business and Profession’, and ‘Income from Other Sources’.

”CMA

phone case lanyard phone case wallet elfbar 5000 cute phone cases smartphonehoesjes retour you could try this out

Cost accounting is the core competency of Cost and Management Accountants (CMAs), so Cost Accounting (Paper-8) is one of the most difficult papers, so do not underestimate it at any point.
Do NOT skip Materials, Labor, and Overheads; those 3 chapters form the base/core of the whole of Cost Accounting syllabus.
Construction Costing and Cost Accounting Standards (CAS) are relatively simpler chapters; therefore, ensure that you can master both as they are an easy way to score marks.
Print a list of the Cost Accounting Standards (CAS) from 1-24 and stick it where you will be able to see it every day. This way, you shall not forget that information.
There can be a lot of formulae in Cost Accounting, particularly in chapters like Materials, Labor, Overheads, and Standard Costing. Maintain a formula sheet with those on it and study it at least 2 times per day: once in the morning and once before you go to sleep.

Cost accounting is the core competency of Cost and Management Accountants (CMAs), so Cost Accounting (Paper-8) is one of the most difficult papers, so do not underestimate it at any point.
Do NOT skip Materials, Labor, and Overheads; those 3 chapters form the base/core of the whole of Cost Accounting syllabus.
Construction Costing and Cost Accounting Standards (CAS) are relatively simpler chapters; therefore, ensure that you can master both as they are an easy way to score marks.
Print a list of the Cost Accounting Standards (CAS) from 1-24 and stick it where you will be able to see it every day. This way, you shall not forget that information.
There can be a lot of formulae in Cost Accounting, particularly in chapters like Materials, Labor, Overheads, and Standard Costing. Maintain a formula sheet with those on it and study it at least 2 times per day: once in the morning and once before you go to sleep.

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Table Of Content

CMA Inter Subjects and Syllabus for the 2023 Exams

CMA Inter Group 1 Syllabus 2023

Paper – 5: Financial Accounting

Paper – 6: Law and Ethics

Paper – 7: Direct Taxation

Paper – 8: Cost Accounting

CMA Inter Group 2 Syllabus 2023

Paper – 9: Operations Management & Strategic Management

Paper – 10: Cost and Management Accounting and Financial Management

Paper – 11: Indirect Taxation

Paper – 12: Company Accounts & Audit

CMA Intermediate Exam Pattern 2023

FAQs of CMA Inter Subjects

How many papers are in CMA Intermediate?

There are eight CMA Inter Subjects, categorized into group 1 and group 2. Also, each subject carries 100 marks, and there is no negative marking. Moreover, students need to clear all eight subjects to qualify for the CMA Final.

Which group of CMA Inter is easy?

The overall opinion is that CMA group 2 is easier than CMA group 1. Furthermore, CMA group 2 passing rates are much greater than group 1 pass rates.

From where can I get the syllabus of the CMA Inter subjects?

You can get the CMA Intermediate syllabus from the official website of ICMAI, and you can download the CMA Inter Syllabus PDF. Also, you can find the direct links above in this post for all CMA Inter Subjects.

”CMA

”How

”Are

”CMA

”Cost

”CMA

”Average

”Average

”CMA

”Average

”CMA

”Working

”Areas

”Various

”Top

”CMA

”CA

”Frequently

”Conclusion:”

”CMA

Paper 1 – Fundamentals Of Financial And Cost Accounting (FFCA)

SECTION A: Fundamentals Of Financial Accounting

Paper 2- Fundamentals Of Business Laws And Business Communication (FBLC)

SECTION A: Fundamentals Of Business Laws

Paper 3 – Fundamentals Of Business Economics And Management (FBEM)

Section A: Fundamentals Of Business Economics

Section B – Fundamentals Of Management

Paper 4 – Fundamentals Of Business Mathematics And Statistics (FBMS)

Section A: Fundamentals Of Business Mathematics

”CMA

”CMA

”CMA

”CMA

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