The specialised knowledge and skill of the professional members of the institute are being given due recognition for different Audit or Certification work under different statutes like maintenance of Cost Accounting Records and Cost Audit under section 148 of The Companies Act 2013 and Valuation Audit. Audit under GST Law Section 35 (compulsory act), Section 66 (special audit by cost accountant).
ICWA/ (CMA-INDIA) course comprises of three levels; viz, foundation, intermediate, and final.
Those who had passed Class 10 or equivalent from a recognized Board or Institution.
Those who had passed Senior Secondary School Examination (10+2) & Foundation Course of CMA (ICAI)/ 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 OR Passed Foundation of ICSI/Intermediate of along with 10+2.
The syllabus and papers are set to the standards that meet the present needs of the market to face the challenging and turbulent scenario. The foundation level consists of 4 papers, intermediate consists of 8 papers.
Scope for practising cost accountants
CMA Examination Format
|PART I FINANCIAL PLANNING, PERFORMANCE, AND CONTROL||PART II FINANCIAL DECISION-MAKING|
|Planning, Budgeting and Forecasting (30%)||Financial Statement Analysis (25%)|
|Performance Management (25%)||Corporate Finance (25%)|
|Cost Management (25%)||Decision Analysis and Risk Management (25%)|
|Internal Controls (15%)||Investment Decisions (20%)|
|External financial reporting decisions (15%)||Professional Ethics (5%)|