WHAT IS CMA-IND (Cost and Management Accountant)
The CMA certification has been the global benchmark for management accountants and financial professionals. The course offers training in particular fields of management accounting which will equip the students with a wide range of skills. If you aspire to lead the career of a Cost management accountant, this course is the right choice for you.
Course Structure
CMA course has three levels which are:
- Foundation
- Inter and
- Final
The duration of the course is 3 years.
Foundation Course
- A candidate should have passed Class 10 or equivalent from a recognized Board or Institution.
- Passed Senior Secondary Examination under 10+2 scheme of a recognized Board or an Examination recognized by the Central Government as equivalent thereto or has passed 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 Higher Education.
Intermediate Course
- 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.
- Passed Foundation of ICSI/Intermediate of ICAI by whatever name called along with 10+2.
Final Course
- Passed Intermediate course of the Institute and completed 15 months of practical training.
How to get exemption in CMA IND
To clear a group in CMA exams, a student is required to obtain a minimum of 40 percent marks in each of the subjects of a group and an aggregate of 50 percent or more in the group. However, there are certain rules in the CMA course for availing the benefit of exemption and carry forward of marks which are explained below:
Exemption in CMA Exams
If a candidate remains unsuccessful in clearing a group but secures 60 percent or more in any of the paper or papers, he/ she shall be exempted from appearing in that paper(s) in the subsequent attempt. But for the calculation of aggregate in the subsequent attempt, the marks in the exempted paper(s) will be reckoned as 50.
Carry Forward of marks
If a candidate remains unsuccessful in clearing a group but secures 60 percent or more in any of the paper or papers and minimum of 40 percent marks in each of the remaining papers of that group, he/ she shall be exempted from appearing in that paper(s) in the subsequent attempt and allowed the benefit of carrying forward of the actual marks of exempted paper(s) in the subsequent attempt.
Opportunities
CMAs may hold top management position in public and private sectors’ enterprises like Chairman cum Managing Directors, Managing Director, Finance Director, Financial Controller, Chief Financial Officer, Cost Controller, Marketing Manager and Chief Internal …
