CMA SYLLABUS 2020

ABOUT THE INSTITUTE

1. THE INSTITUTE OF COST ACCOUNTANTS OF INDIA 

• THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (erstwhile The Institute of Cost and Works Accountants of India) was established in 1944 as a registered company under the Companies Act with the objects of promoting, regulating and developing the profession of Cost Accountancy.

• The Institute of Cost Accountants of India is a premier professional body of Management Accountants in the country established on 28th May 1959 under the Cost and Works Accountants Act, 1959 enacted by the Parliament to regulate the profession of Cost and Management Accountancy in India.

• Statutorily Recognized by the Parliament in 1959 – as The Cost & Works Accountants of India (ICWAI). The ICWAI is recognized by the Parliament as The Institute of Cost Accountants of India, w.e.f. 1st Feb 2012 

• The Institute is governed by a Council in accordance with the provisions of the Cost and Works Accountants Act, 1959 as may be amended from time to time and Rules and Regulations framed thereunder. 

• The Institute as a part of its obligation to regulate the profession of Cost and Management Accountancy enrolls students for Cost Accountancy course, provides coaching facilities to the students organizes professional development programmes for the members and undertakes research programme in the field of Cost and Management Accountancy. 

• The Institute is having 100 Chapters, 10 Overseas Centres, 4 Regions, Headquarters at Kolkata under Administrative Control of MCA. 

• Over the year the Cost and Management Accountancy profession has registered a tremendous growth and has occupied a prominent role in our economy and society. The Institute has more than 5,50,000 students and more than 85,000 qualified members.

• The Institute is a member of the International Federation of Accountants (IFAC), The Confederation of Asian and Pacific Accountants (CAPA), The South Asian Federation of Accountants (SAFA), National Foundation for Corporate Governance (NFCG), Federation of Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian Industry (CII) and The Associated Chambers of Commerce and Industry of India (ASSOCHAM). The Institute, as a leader in the field of Management Accountancy in the South Asian Region, is also imparting training to Management Accountants from overseas countries.

OBJECTIVES OF THE INSTITUTE

• To develop the Cost and Management Accountancy function as a powerful tool of management control in all spheres of economic activities; 

• To promote and develop the adoption of scientific methods in Cost and Management Accountancy; 

• To develop the professional body of members and equip them fully to discharge their functions and fulfil the objectives of the Institute in the context of providing financial leadership of enterprises globally; 

• To keep abreast of development in Cost and Management Accounting principles and practices, to incorporate such changes as essential for creating value for the industry and other economic activities; 
• To exercise supervision over the entrants to the profession and to ensure strict adherence to the best ethical standards by the professionals; 

• To organize seminars and conferences on the subjects of professional interest in different parts of the country for cross fertilisation of ideas for professional growth;

JOB OPPORTUNITIES FOR COST AND MANAGEMENT ACCOUNTANTS

• Cost Accounting 
• Accounting
• Financial Management
• Financial /Business Analyst 
• Auditing/ Internal Auditing/ Special Audits 
• Direct & Indirect Taxation 
• Systems Analysis & Systems Management 
• Functional Consultancy in ERP implementation 
• Process Analysis in BPO houses 
• Academic Careers in College/ Management Institute etc. 
• Implementing Business Intelligence Systems

. SYLLABUS 2016

FOUNDATION COURSE

Paper 1: Fundamentals of Economics and Management (FEM) 

Paper 2: Fundamentals of Accounting (FOA) 

Paper 3: Fundamentals of Laws and Ethics (FLE) 

Paper 4: Fundamentals of Business Mathematics and Statistics (FBMS) 

INTERMEDIATE COURSE

Group I

Paper 5: Financial Accounting (FAC) 

Paper 6: Laws & Ethics (LNE) 

Paper 7: Direct Taxation (DTX) 

Paper 8: Cost Accounting (CAC)

Group II

Paper 09: Operations Management & Strategic Management (OMSM) 

Paper 10: Cost & Management Accounting and Financial Management (CMFM) 

Paper 11: Indirect Taxation (lTX) 

Paper 12: Company Accounts & Audit (CAA) 

FINAL COURSE 

Group III 

Paper 13: Corporate Laws & Compliance (CLC) 

Paper 14: Strategic Financial Management (SFM) 

Paper 15: Strategic Cost Management – Decision Making (SCMD) 

Paper 16: Direct Tax Laws and International Taxation (DTI) 

Group IV 

Paper 17: Corporate Financial Reporting (CFR) 

Paper 18: Indirect Tax Laws & Practice (ITP) 

Paper 19: Cost & Management Audit (CMAD) 

Paper 20: Strategic Performance Management and Business Valuation (SPBV)

FEES STRUCTURE 

WORLD CLASS EMPLOYABILITY AND TECHNO SKILL DEVELOPMENT TRAINING FACILITY FOR CMA STUDENTS

INTERMEDIATE LEVEL

• SAP Training - 60 hours 
• Soft & Techno Skill Training - 80 hours 
• Practical Training 

FINAL LEVEL

• Industry Oriented Training Program
• Practical Training