Furthermore, Indian CMA salaries for graduates include some extra benefits and competitiveness, such as incentives and bonuses. CMA courses provide excellent career opportunities in a wide range of reputable organisations, both private and public, in India and abroad. The following are some of the best CMA new job opportunities.
Foundation
Intermediate Course
Final Course
Tycoon offers world-class training to CMA aspirants at all three levels of the CMA program: Foundation, Intermediate and Final. The training and course material is designed by founders who are titans in their respective professions. Tycoon CMA is a unique course in the entire India where two triple-qualified professionals are engaging themselves to teach and mentor CMA aspirants.
To get the CMA degree, candidates must clear the CMA exams conducted in three stages – CMA foundation, CMA intermediate, CMA final. All these exams are conducted by the Institute of Cost Accountants of India (ICAI)
l. A candidate should have passed Class 10 or equivalent from a recognized Board or Institution; Or,
ll. Passed the Senior Secondary School Examination under the 10+2 scheme of a recognized Board or an Examination recognized by the Central Government as equivalent thereto or has passed the National Diploma in Commerce Examination held by the All-India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Rural Higher Education.
lll. Any Candidate who has passed the Foundation examination conducted by the Institute of Company Secretaries of India will be exempted from Foundation Course & vice versa; Or,
lV. Any Candidate who has passed the Intermediate Examination (by whatever name called) conducted by the Institute of Chartered Accountants of India will be exempted from Foundation Course. Similarly, any candidate who has passed the Intermediate examination will be exempted from Common Proficiency Test (i.e., entry level examination, by whatever name called) conducted by the Institute of Chartered Accountants of India.
V. Candidates who have passed the qualifying examination for direct admission to Intermediate Course are exempted from Foundation Course. (Annexure VI)
Vl. Provisional Admission: Students may also seek provisional admission to the foundation course. Such students would be provided a time period of 36 (thirty-six) months to convert from Provisional to Regular Status.
l. Passed Senior Secondary School Examination / Higher Secondary Examination (10+2) and Foundation Course of the Institute of Cost Accountants of India or qualified the Foundation (Entry Level) Part I Examination of Certificate in Accounting Technicians (CAT) Course of the Institute of Cost Accountants of India or Degree examination of any recognized University or Pursuing Engineering Course (having completed 2nd year/Semester IV/ equivalent) or Qualified Engineers or equivalent in any subject other than music, dancing, photography, painting & sculpture and the likes.
ll. Provisional Registration: Candidates awaiting results of degree examinations may also apply for provisional admission. Such students would be provided a time period of 18 (eighteen) months to convert from Provisional to Regular Status
Candidates must qualify for both groups of the CMA intermediate examination to register for CMA final Course.
Yes, the minimum educational qualification required to get admission in the CMA is passing the Class X examination from any recognized board. Thus, a student can provisionally register for the CMA foundation after passing the Class X examination and can appear in the CMA foundation Examination after appearing in the senior secondary (10+2) examination (either from commerce or any other stream).
Further, a student can register for CMA intermediate Course either through:
CMA foundation, after clearing CMA foundation examination successfully, or Direct Entry Route.
Thus, even a non-commerce student can pursue the CMA Course.
Paper 1: Organisation & Management Fundamentals (OMF) (100 Marks)
Section I: Organization - 30%
Section II: Management - 70%
Paper 2: Accounting (ACT) (100 Marks)
Paper 3: Economics and Business Fundamentals (EBF) (100 Marks)
A.Economics - 60 Marks
B. Business Fundamentals - 40 Marks
Paper 4: Business Mathematics and Statistics Fundamentals (BMS) (100 Marks)
Paper-1: Accounting (100 Marks)
Paper-2: Corporate Laws & Other Laws (100 Marks)
Part I: Company Law (60 Marks)
Part II: Other Laws (40 Marks)
Paper-3: Cost and Management Accounting (100 Marks)
Paper-4: Taxation (100 Marks)
Section A: Income-tax Law (60 Marks)
Section B: Indirect Taxes (40 Marks)
Paper-5: Advanced Accounting (100 Marks)
Paper-6: Auditing and Assurance (100 Marks)
Paper-7: Enterprise Information Systems & Strategic Management (100 Marks)
Part I: Enterprise Information System (50 Marks)
Part II: Strategic Management (50 Marks)
Paper-8: Financial Management and Economics for finance (100 marks)
Part I: Financial Management (60 marks)
Part II: Economics of Finance (40 marks)
Paper- 1: Corporate Laws & Compliance (100 Marks)
Paper- 2: Strategic Financial Management (SFM) (100 Marks)
Paper- 3: Strategic Cost Management - Decision making (100 Marks)
Paper- 4: Direct Tax Laws and International Taxation (100 Marks)
Paper- 5: Corporate Financial Reporting (100 Marks)
Paper- 6: Indirect Tax Laws and Practice New (100 Marks)
Paper- 7: Cost and Management Audit (100 Marks)
Paper- 8: Strategic Performance Management and Business Valuation (100 Marks)
Many students from commerce and other streams enrol for the cost accountancy Course every year. There are various reasons why a significant number of students register for the course, one of which is the high demand for Cost accountant in India who are paid for their expertise. Moreover, the overall expense that has to be incurred for completion of the cost accountancy Course is much lesser than many other professional courses in India.
The CMA Course takes approximately four years to complete, with a total course fee of around Rs. 80,000 to 1,00,000 (including coaching centre fees). Suppose a candidate does not opt for a separate coaching institute. In that case, the overall expenditure comes down to approximate Rs. 30,000 to 40,000, which includes all expenses such as registration fees, examination fees and training fees.
To qualify for the CMA foundation exam, candidates must secure a minimum of 40% marks in each paper and an aggregate of 50% in all four papers.
For CMA intermediate, A student/ candidate may appear for both the groups together or individually. He/She is declared to have passed the CMA intermediate if he/she passes both the groups. For passing a group, the criteria are as follows:
A student shall be declared to have passed in a group if he/she secures at one sitting a minimum of 40% marks in each group paper and a minimum of 50% marks in the aggregate of all the papers of that group.
For CMA final, A student/ candidate may appear for three or two groups together or individually. He/She is declared to have passed the CMA final if he/she passes three groups. For passing a group, the criteria are as follows:
A student shall be declared to have passed in a group if he/she secures at one sitting a minimum of 40% marks in each group paper and a minimum of 50% marks in the aggregate of all the papers of that group.
