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28th June, 2025
CMA- Cost Management Accounting

CMA Intermediate Management Accounting Exam June 2025 Analysis

The CMA Intermediate – Management Accounting (Paper 12) June 2025 covered all major topics with a mix of theory and practical questions. The CMA Inter Management Accounting paper required good understanding and smart application of concepts.

For CMA Inter students who are preparing for the December 2025 attempt, understanding the pattern, topic weightage, and expectations from this exam is crucial. In this blog, we’ll provide the CMA Intermediate June 2025 paper analysis of Management Accounting, including weightage, difficulty, and tips to help you prepare smartly and score confidently.

CMA Paper 12 Management Accounting Exam Pattern and Structure

Section	Type	No. of Questions	Marks
Section A	MCQs (Compulsory)	15 (2 marks each)	30 Marks
Section B	Descriptive (Attempt 5 out of 7)	Q2–Q8	70 Marks
Total		—	100

CMA Inter Management Accounting June 2025 Analysis: Topics Covered

Section A – MCQs (30 Marks)

15 MCQs covering diverse chapters:

Topic Area	No. of MCQs	Sample Concepts
Evolution of Management Accounting	1	Lost relevance stages
Activity-Based Costing (ABC)	1	Cost driver and allocation flow
Break-even Analysis (P/V Ratio)	1	Contribution, fixed cost
Relevant Costing	2	Opportunity cost, differential cost
Expected Value (Decision Theory)	1	Probability-based decisions
Transfer Pricing	1	Two-part tariff method
Standard Costing	1	Labour efficiency variance
Budgeting Concepts	1	Budget slack
Responsibility Accounting	2	Characteristics & performance
ROI/Performance Ratios	1	Return on Capital Employed (ROCE)
Learning Curve	1	Cost implication of learning
Capital Budgeting	1	Operating asset identification
Control Reports	1	Department cost classification
Decision Theory	1	Coefficient of optimism

Level: Moderate to Tough
Scoring Potential: High with conceptual clarity and practice

Section B – Descriptive Questions (Q2 to Q8)

Each question carries 14 marks. Attempt any 5.

Q. No	Topic	Description	Type	Difficulty
Q2	(a) Evolving Role of Management Accountant (b) ABC vs Traditional Costing	Theory + Computation on Chocolate Ice Cream Overhead Absorption Using Traditional & ABC	Mixed	Moderate
Q3	Relevant Costing / Special Order Decision	Whether to accept additional 10,000-litre order at ₹90 vs using spare capacity	Application	Moderate
Q4	Marginal Costing & Export Decisions	(a) Calculate revised fixed cost, BEP, sales (b) Evaluate export offers vs Capacity	Numerical	Moderate
Q5	Budgeting	Flexible budget with multiple capacity levels and overhead behavior	Practical	Moderate
Q6	Standard Costing – Variance Analysis	Material and Labour Cost Variances: price, usage, rate, efficiency	Computation	Moderate
Q7	Transfer Pricing & Performance Evaluation	ROI and Residual Income approach across divisions	Computation	Tough
Q8	Responsibility Accounting & Theory	(a) Theory: Types of Responsibility Centres (b) Cost Control vs Cost Reduction	Theory	Easy

Download Free ICMAI CMA Inter Notes (PDF Format) – Click Here

CMA Inter Paper 12 Management Accounting June 2025: Chapter-wise Weightage

Chapter / Concept	Questions	Weight (Approx.)
ABC & Costing Methods	Q2(b), MCQs	14+
Relevant Costing & Decision Making	Q3, Q6, MCQs	28+
Budgeting	Q5, MCQs	14+
Marginal Costing	Q4, MCQs	14+
Variance Analysis (Standard Costing)	Q6, MCQs	14+
Transfer Pricing & ROI	Q7, MCQs	14+
Responsibility Accounting / Theory	Q2(a), Q8, MCQs	14+

Download Official ICMAI CMA Inter Study Material (Syllabus 2022) for Management Accounting – Click Here

Key Observations – CMA Inter Management Accounting June 2025 Exam

Balanced Paper: Covered all major topics – ABC, Standard Costing, Marginal Costing, Decision Making, Budgeting, and ROI.
Numerical Focus: 5 out of 7 descriptive questions were calculation-based.
Conceptual MCQs: Tested deep understanding (not memory-based).
Application-Oriented: Real-life business decisions were tested (e.g. export orders, special pricing).
Theory Was Limited but Scoring: Only Q2(a) and Q8 had theory, but easy to score.
Preparation Tips for CMA Inter Dec 2025 exams

Focus on Key Topics: In CMA Inter Management Accounting focuses on important topics including, ABC, Standard & Marginal Costing, Budgeting, Decision Making, and Transfer Pricing.
Master Concepts: Understand logic behind formulas and variances.
Practice Past Papers: Especially for decision-making and export pricing.
Revise Theory Topics: Responsibility centers, cost control vs reduction, MA role.
Daily MCQs: Practice from scanners, and RTPs.
Use Formula Sheets: For quick revision of BEP, variances, ROI, etc.

Sharpen your skills with our free topic-wise MCQs practice questions- Click here

Why do you need Free CMA Inter Management Accounting notes for the December 2025 attempt?

For quick revision before CMA Inter exams
CMA Inter notes highlight important topics, past exam trends, and frequently asked concepts.
CMA Inter notes simplified tough chapters like Standard Costing, Transfer Pricing, and Decision Making.
Instead of reading bulky CMA Inter textbooks, students can revise more in less time by using effective free CMA Inter notes.

FAQs

Was the June 2025 CMA Inter Management Accounting paper difficult?

The CMA Inter Management Accounting June 2025 paper was moderate to difficult. Most questions were numerical, and theory was limited, but scoring.

Which topics had the highest weightage in the CMA Inter Management Accounting June 2025?

Topics like Standard Costing, Marginal Costing, Relevant Costing, Budgeting, Transfer Pricing, and ABC vs Traditional Costing were the highest weightage in CMA Inter Management Accounting June 2025.

Were the MCQs easy or tricky in CMA Inter Management Accounting June 2025 exams?

The MCQs were conceptual and scenarios – based. They tested core knowledge from costing, budgeting, performance analysis, and decision theory.

Which topics are repeated frequently in CMA Inter Management Accounting June 2025 exams?

Based on the last 3 attempts, frequently repeated topics include:

Variance analysis, Break-even & contribution, Budgeting, Relevant Costing, and Transfer Pricing.

How many mock tests should I attempt to pass the CMA Inter Management Accounting in the first attempt?

Give Chapter-wise mock test papers after completing each chapter, and give as many full mock test papers as possible until you understand each concept in detail.

How can I download free CMA Inter notes for December 2025 exams?

Click here to download free CMA Inter notes for December 2025 exams,

Also check:

CMA Result June 2025: Check ICMAI CMA Intermediate result and Pass Percentage