ICMA

Institute of Cost and Works Accountants is one of the leading financial schools in India. Since its inception in 1959, the institute has contributed a lot by producing a bunch of scholars in the world of finance and business. The institute holds the distinction of being one of the premier financial institutions in India.
If you’re undecided as to which field would better suit you, then have you ever thought of ICMA? Today every private firm is keen on appointing a cost accountant that would promote and monitor the financial information from every department of the firm. If you think that you’re good at all the above mentioned areas then Cost Accountancy and ICMA CMA is the option to go ahead with.
To be a cost accountant is not so easy a job as it sounds. You need to clear all three levels of the ICMA CMA exam. The ICMA CMA exam conducted by the Institute of Cost Accountants of India (ICAI) consists of three stages (Foundation / Intermediate/ Final).
Every year, ICMA appoints the best students for its cost accountancy course. Through the test, the institute judges the comprehensive understanding of students in areas like cost and financial management, communication skills and capability to maintain a fine balance between expenditure and the means. The examination is held twice a year i.e. one in the month of June and another in December.

Admission to ICMA CMA Qualification:-

FOUNDATION COURSE:-

Eligibility for Admission:-

  • Class 10 or equivalent exam from a recognized education higher secondary school board or institution.
  • Senior Secondary examination under 10+2 scheme of a recognized board or an examination recognized by the central government as equivalent thereto or should have passed the National Diploma in Commerce Examination directed by the All India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Higher Education.
  • Students awaiting their result can also apply for provisional admission.

INTERMEDIATE COURSE:-

Eligibility for Admission:-

  • Should have passed Senior Secondary School examination (10+2) and Foundation Course of the Institute of Cost Accountants of India/ Graduation in any discipline other than Fine arts/Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute.
  • Should have passed Foundation of ICSI/Intermediate of ICAI by whatever name called along with class 10+2.
  • List of other eligible qualifying examinations is given under Annexure VI of prospectus.
  • Students waiting for their result can also apply for provisional admission.

FINAL COURSE:-

Eligibility for Admission:

    • Passed Intermediate
    • Graduation in any discipline except Fine Arts or equivalent.
    • Candidates who have passed all eight papers of the CMA intermediate course are eligible to apply for CMA Final Course examination.

ICMA Registration / Application Form
Individuals wishing to apply for ICMA CMA exam (Foundation/ Intermediate/ Final) are required to apply online on http://www.cmaicmai.in/students/Home.aspxonline student registration system.
ICMA Exam Dates
The entrance exam for ICMA is held twice a year i.e. in the month of June and December. Candidates wishing to apply for ICAI Foundation examination for December term are required to apply latest by 30th June of the same year. At the same time candidates wishing to apply for June term are required to apply before 31st December of the previous year.
Registration for ICMA intermediate examination is open throughout the academic year. However those wishing to apply for June term are required to do so before 30th November of the previous year and those wising to apply for December term examination are required to do so before 31st May of the same year.
Paper Pattern
ICMA 2014 Paper Pattern:
The Foundation Examination for CMA will consist of multiple choice questions (MCQ) and will be conducted in online mode.
Syllabus 2008:-
Paper – 1& 2 (100 Marks)
Time : 10 A.M. to 12.00 Noon
Paper 1: Organisation and Management Fundamentals ( 50 Marks )
Paper 2: Accounting ( 50 Marks)
Paper – 3 & 4 (100 Marks)
Time : 2 P.M. to 4.00 P.M
Paper 3: Economics and Business Fundamentals ( 50 Marks)
Paper 4: Business Mathematics and Statistics Fundamentals ( 50 Marks)
Syllabus 2012:-
Paper – 1& 2 (100 Marks)
Time : 10 A.M. to 12.00 Noon
Paper 1: Fundamentals of Economics and Management ( 50 Marks )
Paper 2: Fundamentals of Accounting ( 50 Marks)
Paper – 3 & 4 (100 Marks)
Time : 2 P.M. to 4.00 P.M
Paper 3: Fundamentals of Laws & Ethics ( 50 Marks)
Paper 4: Fundamentals of Business Mathematics and Statistics ( 50 Marks)

Total Questions : 100 (Multiple Choice Questions)
Maximum Marks : 100 (Each Question will carry 1 Mark).
There will be no negative marking for wrong answers.

ICMA Preparation
Candidate should keep one thing in mind that CMA is a professional course hence success can only be achieved if practical approach is adopted. Mugging out thoroughly the whole night before the exam won’t work. Try to make proper time table for your studies and ensure that you are implementing the time table. Make such a schedule for preparation that you can easily allocate 2-3 hrs to each subject. Keep changing your time table such that you don’t get bored of following same schedule. Make sure that you refer to only those study materials by the institute

ICMA Notification

ICAI Foundation Examination

For June Term Examination apply before 31st December of previous year and for December Term Examination apply before 30th June of the same year.

ICAI Intermediate Examination

For June Term Examination apply before 30th November of previous year and for December Term Examination apply before 31st May of the same year.

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