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Best Cost and Management Accounting Course in 2021 See Latest Update

Filed in Education by on May 4, 2021

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Cost and Management Accounting: A course in management accounting is a great starting place for those ultimately seeking a career in an office environment. This article aims at providing all the important details that you need to know about the Cost and Management Accounting course. 

Best Cost and Management Accounting Course in 2021 See Latest Update

Why You Should Take a Cost and Account Management Course

Also, you will get to know about the different Cost and Management Accounting exams as well. You will also get to know about the important dates, the registration process, the fee structure, and pretty much everything else that you will require in your way.

Most of the students are really curious about the different syllabus patterns, the exam questions, and a lot more about the examination and we are here to let them know all they need.

Any student who wants to apply for the course needs to pass this examination to be able to do so. The exams mostly happen in the months of December and June. For those who have passed the 1st stage of the examination which is the Foundation stage, moving on to the next stage will be possible.

More Reasons

If you wish to know a little bit more about the registration dates, structure and details of the exam, the application and registration procedure, the online registration procedure, the documents that are required, the status of online admission, the details about the training, and a lot more interesting things, then this article will be best suited for that.

Also, the students who couldn’t appear for the Foundation examination due to their Graduation level exams will be allowed to enter the Intermediate level.

This article will talk about the course and other important things such as the dates of the examinations, the syllabus, the chapters, the subjects and a lot more.

What is Cost and Management Accounting Course all About?

If you didn’t already know this yet, the CMA or the Cost and Management Accounting course is gaining some wide popularity in the field of commerce and students from all over the country want to have an admission to this course so that they can have a bright future and career in this particular area of commerce.

We have witnessed that many people are often confused about the terms such as ICWAI, CMA, ICMAI, and CWA. Well, this is where all the confusion ends as we tell you all about it.

The Institute of Cost & Works Accountants of India or the ICWAI has recently changed the name of the company and now it is known as the Institute of Cost Management Accountants of India or the ICMAI.

It is also to be noted that the name ICWA is also now officially changed to CMA. So, to clear the confusion there is no specific difference between the terms ICWAI and CMA as both are the same courses. So, there is just a difference in the literal sense and the courses are exactly the same.

Now that we have cleared that confusion, let’s have a look at something else that is really important. In the CMA course, there are basically three different stages that you need to know about.

Knowing the difference between these three stages, one can know which one to choose for the experience and knowledge in the commerce sector. The names of the 3 stages are:

  • CMA Foundation
  • CMA Intermediate
  • CMA Final

For those who have the aim of becoming Cost Management accountants, these 3 stages are the most important stepping stones to that level. You need to make sure that you clear these 3 stages with flying colors if you want to have a career in that sector.

The students who have already completed their Higher Secondary or the 12th examination will be eligible to apply for the course. There are some other eligibility criteria as well and we will talk about that in a while.

For now, you need to know that this particular exam is conducted by the Institute of Cost Accountants of India about 2 times every single year.

Cost and Management Accounting Course

Eligibility Criteria for the CMA Course

It is very important for the students to know about the eligibility criteria as with the help of that, they will be able to know whether they are eligible to apply for the course or not.

Before the students start to fill out the application form, it is important that they should go through the eligibility criteria. The candidates should check if they meet the given criteria to apply for the CMA course.

If the authority finds that any student is not eligible then their application will be rejected right away. So, it is really important that the students understand how essential it is to see if they are eligible to apply or not.

Here are some of the basic criteria that the candidate has to meet to apply for the CMA course.

Eligibility Criteria for the CMA Foundation Course

The students need to make sure that they have completed their Higher Secondary or 12th education from a prestigious and recognized institute in the country.

The students also need to make sure that they have passed the Senior Secondary exam that is recognized by the Central Government or any organization equivalent to that.

Also, they need to pass the National Diploma in Commerce Examination that is held by the All India Council for Technical Education.

Or any particular State Board of Technical Education that is under the authority of the All India Council. They could also pass the Rural Service Exam that is conducted by the National Council of Higher Education to be considered as eligible.

Eligibility Criteria for the CMA Intermediate Course

The students need to make sure that they have completed their Higher Secondary or 10+2 education from a prestigious and recognized institute in the country. Also, they need to clear the Foundation course that is offered by the Institute of Cost Accountants of India.

The student also has to be a graduate in any particular discipline that is other than the Fine Arts. Also, they have to clear the Entry-level exam of CAT and Exam of Competency level Part 2 of CAT.

Eligibility Criteria for the CMA Final Course

The students need to make sure that they have completed their Higher Secondary or 10+2 education from a prestigious and recognized institute in the country. Also, they need to clear the Foundation course that is offered by the Institute of Cost Accountants of India.

The student also has to be a graduate in any particular discipline that is other than the Fine Arts. Also, they have to clear the Entry-level exam of CAT and Exam of Competency level Part 2 of CAT.

Apart from that, the candidates need to make sure that they have cleared all the previous stages of the Foundation and Intermediate levels.

It is mandatory for the students to be eligible for the course so that they can apply. If a candidate fulfills all the above-mentioned criteria, they will be allowed to apply for the course.

Cost and Management Accounting Course

Syllabus Details about the CMA Course

There is certainly no doubt that CMA is one of the most popular and important courses that the students apply. The main aim of the course is to make sure that the students get a chance to make a bright career out of this course.

So, for those who are interested in applying for the course, it is important to be prepared. Knowing the syllabus will be a great help in that.

The syllabus will tell the students a lot about the topics that will be covered in the course. This will also help them in their preparation.

The subjects and papers are divided into groups for the Foundation, Intermediate, and Final courses. With proper knowledge of these subjects, the students can be prepared for the course.

CMA Foundation

  • Paper 1: Fundamentals of Economics and Management
  • Paper 2: Fundamentals of Accounting
  • Paper 3: Fundamentals of Laws and Ethics
  • Paper 4: Fundamentals of Business Mathematics & Statistic

CMA Inter

  • Paper 5 Financial Accounting
  • Paper 6 Laws, Ethics and Governance
  • Paper 7 Direct Taxation
  • Paper 8 Cost accounting and financial management
  • Paper 9 Operation Management Information System
  • Paper 10 Cost and Management Accounting
  • Paper 11 Indirect Taxation
  • Paper 12 Company Accounts & Audit

CMA Final

  • Paper 13- Corporate Laws and Compliance
  • Paper 14- Advanced Financial Management
  • Paper 15- Business Strategy & Strategic Cost Management
  • Paper 16- Tax Management and Practice
  • Paper 17- Strategic Performance Management
  • Paper 18- Corporate Financial Reporting
  • Paper 19- Cost and Management Audit
  • Paper 20- Financial Analysis & Business Valuation

Registration for the CMA Courses

Those students who want to apply for the CMA courses in the year 2020 need to submit their online application on the given date.

It is requested to all the students have a look at the schedule mentioned below to have a proper idea of all the important dates as well. Any candidate who submits the application after the passing of the last date will not be allowed to apply for the course.

If you are looking for applying to the CMA courses, then here are some important dates relevant to the CMA registration. Take a look at them.

The official dates and other related information are announced by the authority. If there is any change in the dates or if the candidates have any confusion then they can visit the official website of the authority.

Cost and Management Accounting Course

Details About the Registration Fees for the Course

The candidates are allowed to pay the fees through online and offline mode, whether it is the oral mode of coaching or the postal mode, the fee structure remains the same and doesn’t really change that much.

So, the students need to pay the exact amount for their registration. However, the candidate should keep in mind is that the registration fees are neither transferable nor refundable. It is also to be noted that the registration fee for the candidates may vary from one to another.

For some more light on the subject, we have provided information about the fees that are required from the different candidates.

  • Foundation Course (Passed 10th Class): Rs.4000 /-
  • Intermediate Course (Passed Foundation or Graduation): Rs.20000 /-
  • Final Course (Passed Intermediate): Rs.17000 /-

If the students are interested in applying for the course, they need to make sure that their fees are paid on the date that is given during their registration. Any student who fails to do that will not be allowed to proceed further with the course.

It is essential for the students who want to apply for the CMA Courses in the different colleges to fill the registration form and pay the fees that are due right on time.

Candidates need to follow the schedule that is provided to make sure that they don’t miss out on the registration form submission dates.

FAQs about Cost and Management Accounting Course

1. Is CMA Course Difficult?

To sit for the CMA exam, a candidate only needs a bachelor’s degree. And, that degree can be in any discipline and from just about any country. … For this reason, we cannot say that the CMA exam is definitely more difficult than the CPA Exam or other accounting certification exams with higher pass rates.

2. How do I Become a CMA Course?

To get the CMA certification, you must have:

  • Membership of IMA.
  • A Bachelor’s degree from an accredited university.
  • Two years of relevant experience.
  • Passed both the parts of CMA Exams.

3. Is CMA a Degree?

The CMA is an industry-recognized professional designation focused on management accounting, while the MBA is an academic degree, covering a broader scope of finance units. In terms of salary, both have high earning potential.

The CMA is a certificate, whereas the MBA is a Master’s qualification

For a bright future in the commercial sector, thousands of students apply for CMA courses every year. In a world where information is very essential, getting to know even a little bit about any course is like a gift.

Here you will get all the details about the CMA courses that are offered in the country. Read this post and you will be able to successfully apply and study the course to have a very good career in the field of commerce.

We hope this article helped you to know about the CMA and have answered some more questions. Please share this article if you find it helpful by clicking the share button on this website and you can subscribe for more updates.

CSN Team.

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