Cost and Management Accountant (CMA India)
Overview
The CMA India program, offered by the Institute of Cost Accountants of India (ICMAI), is a highly respected professional certification in the field of Cost and Management Accounting. At JK Shah Classes, we provide expert CMA coaching designed to help students develop strategic financial expertise and master key areas such as cost accounting, financial management, corporate laws, taxation, financial reporting, and strategic management.Course Features
- Printed Notes Covering Study Material
- Past Papers & Mock Test
- Subject-Wise Doubt Support
- Placement Assistance
- Recorded Lecture Backup
What You Will Learn
- Cost Optimization & Business Decision Support
- Financial Reporting & Analytical Skills
- Strategic Cost & Performance Management
- Tax Planning & Compliance Expertise
- Corporate Governance & Regulatory Knowledge
- Financial Strategy & Risk Management
Who Should Enroll
- Class 12th Pass Students
- Commerce Graduates (B.Com, BBA, BMS, etc.)
- MBA (Finance) & Postgraduate Students
- Working Professionals in Accounts & Finance
- Aspirants Targeting Leadership Roles in Finance
- Entrepreneurs & Business Owners
Course Highlights
- 40+ Years of Proven Learning Methodology
- Strong Focus on Conceptual Clarity
- Experienced & Qualified Faculty Team
- Comprehensive & Exam-Oriented Test Series
- Strategic Revision & Crash Courses
- Regular Doubt Solving Sessions
Syllabus
CMA India Foundation (5 Months)
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Eligibility
Features
Requirement
Eligibility
Std. 12th / HSC/ PUC Appeared or Passed
Students Awaiting Results
Can take admission by submitting Hall Ticket / Admit Card
After Result Declaration
Submit 12th / HSC Marksheet to the institute
Minimum Percentage Required
No Minimum Percentage
Criteria
Eligible Boards/Streams: Students from Any Board or Stream can apply
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Registration & Fee
Component
Fees
Registration Fee - One Time (Valid for 5 years)
INR 6,000
Exam fees
INR 1,500
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Exam
Aspects
Details
Exam Duration
2 hours per session
Exam Structure
The exam is divided into two sessions on the same day
Session 1: Papers 1 and 2
Session 2: Papers 3 and 4
Total papers
4
Type
MCQ Based Exam, 100 marks for each paper, No Negative Marking
Exam Frequency
Two times in June and Dec
Mode of Exam
Center Based, 1 day exam
Pass criteria
40% in each paper and an aggregate of 50% across subjects
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Structure
Papers
Subjects
Paper 1
Fundamentals of Business Laws And Business Communication (FBLC)
Paper 2
Fundamentals of Financial And Cost Accounting (FFCA)
Paper 3
Fundamentals of Business Mathematics And Statistics (FBMS)
Paper 4
Fundamentals of Business Economics And Management (FBEM)
CMA India Intermediate (4 Months)
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Eligibility
Criteria
Details
Qualification
Pass CMA Foundation
Other qualifications
CS Foundation and CA Inter
Direct Entry
Completed Graduation (B.Com/BAF/BMS, etc) Exam.
Minimum Percentage Required
No Minimum Percentage
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Registration & Fee
Components
Fees
Registration - One time (Valid for 5 years)
₹23,100*
Examination Fee:
₹1,500 for a single group.
₹2,800 for both groups.
*Registration fees includes a mandatory skills and computer training fees by the Institute.
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Exam
Aspect
Details
Mode of exam
Center Based
Total papers
8 papers (Group 1 and Group 2), Descriptive Type Exam
Passing criteria
40% in all papers and 50% aggregate also along with this student has to clear mandatory skills training
Exam Eligibility
Students not Completing SAP learning Hub will be Eligible to appear only for a Single Group.
Exam frequency
Two times June and Dec
Paper attempt
One or both the groups
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Resources
Groups
Subjects
Group 1
Paper 5: Business Laws and Ethics
Paper 6: Financial Accounting
Paper 7: Direct and Indirect Taxation
Paper 8: Cost Accounting
Group 2
Paper 9: Operations Management and Strategic Management
Paper 10: Corporate Accounting and Auditing
Paper 11: Financial Management and Business Data Analytics
Paper 12: Management Accounting
CMA India Final (4 Months)
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Eligibility
Criteria
Details
Qualification
Cleared CMA Inter Exams
Completed 15 months practical training (articleship)
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Registration & Fee
Components
Fees
Registration Fees - One time (Valid for 5 years)
INR 25,000
Examination Fee:
INR 1,800 for a single group.
INR 3,200 for both groups.
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Exam
Aspect
Details
Exam Eligibility
Candidates must meet the eligibility criteria for the examination. If a candidate has not completed 15 months Practical Training and 1 month of Industry Orientated Training Program (IOTP), they cannot appear for the final papers
Exam Mode
Center Based
Exam period
Two times a year, June and Dec
Total papers
8 Papers (Group 3 and Group 4), Descriptive Type
Pass Criteria
40% in each subject, 50% aggregate marks across all papers in a group
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Structure
Groups
Papers
Group 3
Paper 13: Corporate And Economic Laws (CEL)
Paper 14: Strategic Financial Management (SFM)
Paper 15: Direct Tax Laws And International Taxation (DIT)
Paper 16: Strategic Cost Management (SCM)
Group 4
PAPER 17: Cost And Management Audit (CMAD)
PAPER 18: Corporate Financial Reporting (CFR)
PAPER 19: Indirect Tax Laws And Practice (ITLP)
Electives
Paper 20A: Strategic Performance Management And Business Valuation (SPMBV) (Preferable)
Paper 20B: Risk Management In Banking And Insurance (RMBI)
Paper 20C: Entrepreneurship And Startup (ENTS)
Instructor: Prof. Richa Shanghvi
Head Faculty - Corporate Laws
- Experience: 18 Years
- Students Taught: 10,500+
- Specialization: Law
- Instructor Rating: 4.9/5
Frequently Asked Questions
CMA India
CMA INDIA FAQ
Q: What is CMA India?
A: CMA India stands for Cost and Management Accountant conducted by The Institute of Cost Accountants of India (ICMAI). It focuses on: • Accounting • Costing • Finance • Taxation • Audit • Business Strategy • Financial Management
Q: Who can enroll for CMA India?
A: To appear for the CMA Foundation Examination a candidate should have - Qualified the 10+2 exams, PUC or Equivalent To appear for the CMA Intermediate Examination a candidate should have CMA Foundation Pass or Graduated in any discipline other than Fine Arts
Q: Is CMA India recognized?
A: Yes. ICMAI is a statutory body established by an Act of Parliament.
Q: Who Should do CMA India?
A: Mentally Strong and Capable of Handling Pressure Academically Good
Q: How many levels are there in CMA
A: There are 3 levels in CMA India. The Foundation Level - Basics of Commerce & Accounting, Maths, Economics, Management ; Intermediate Level - Costing, Tax, Audits, Accounting, Management, Laws ; and the Final Level - Advanced Strategic & Financial Subjects, Cost Audits, Reporting
Q: Can I do CMA with graduation?
A: Yes. Most students pursue: • B.Com • BAF • BBI • BMS • BFM Along with CMA. In fact, they feel graduation easier because syllabus are almost match.
Q: Is Maths compulsory for CMA?
A: Honestly, only basic level maths needed that is too at foundation level with MCQ Pattern and no negative marking.
Q: Is CMA difficult?
A: Yes, it is difficult. But it is worth. CMA is a professional course, so it requires: • Discipline • Consistency • Revision • Writing practice But I have seen many Average students passing CMA exams with proper planning & guidance
Q: What are career opportunities after CMA?
A: CMAs can work almost all types of job roles around finance, for examples • Financial Analyst • Cost Accountant • Internal Auditor • Tax Consultant • Finance Manager • ERP Consultant • FP&A Analyst
Q: What salary can a CMA get?
A: Approximate starting salary: • ₹6–12 LPA for freshers Depends on: • Skills • Attempts • Communication • Practical exposure
Q: Can CMA students work abroad?
A: Yes, why not finance is everywhere.. CMAs work in: • UAE • Ireland • UK • Canada • Singapore especially in finance and costing roles.
Q: Is Articleship/Training compulsory?
A: Yes. Practical training is an important part of CMA. It helps students gain: • Real corporate exposure • Accounting experience • Audit knowledge • Finance skills Under the current practical training scheme: CMA Intermediate & Final Students are required to complete 15 Months of Practical Training.
Q: Is Training Important Only for Completion?
A: No. Training is extremely important because it helps students: • Understand real business problems • Improve communication skills • Learn software and ERP systems • Build confidence • Improve interview performance Many companies value practical exposure more than only theoretical knowledge.
Student Reviews
Varun Kapoor - 5/5 (04/02/2026)
"Joining JK Shah Classes was the best decision for my CMA journey. The faculty simplified complex concepts, and the study material was very exam-focused. Thanks to their guidance, I cleared CMA Inter"
in the first attempt with 82% marks!
Simran Kaur - 5/5 (04/02/2026)
"The mock tests and personalized support at JK Shah Classes helped me identify my weak areas and improve drastically. The teaching methodology is clear, practical, and result-oriented. I am proud to have secured All India Rank 12 in CMA Foundation."
RANK 12
Ankit Joshi - 5/5 (04/02/2026)
"JK Shah Classes provides a perfect balance of theory and practical application. The faculty are approachable and always ready to clarify doubts. Their structured CMA coaching helped me achieve Top 5 percentile in CMA Final exams."
5 percentile in CMA
Ritika Sharma - 5/5 (04/02/2026)
"From Foundation to Final, JK Shah Classes guided me at every step. The study materials are up-to-date with the latest ICMAI syllabus, and the regular assessments kept me on track. I successfully cleared CMA Inter with distinction."
cleared CMA