- 20th July, 2024
- CMA- Cost Management Accounting
Is CMA Tough? Difficulty of CMA Foundation, Intermediate, Final & Test Help
The full form of the CMA is the Cost and Management Accountant. CMA Course is really a tough course, but with the hard work, dedication, and concentration you can definitely achieve it. For becoming a CMA, students need to complete three levels: the CMA Foundation level, CMA Intermediate level, and CMA Final level. The level of difficulty depends on the level of preparation, and how familiar you are with the exams.
How tough is the CMA Foundation?
CMA Foundation is the first level of becoming a cost and management accountant. This exam is conducted by the Institute of Cost Accountants of India. This exam will be held at the exam center in offline mode. All questions are objective.
It is crucial to understand the exam format and syllabus. You have to get at least 40% marks in each subject to pass the CMA Foundation level.
The syllabus for the CMA Foundation level:
Paper no. |
Subject name |
Marks |
1. |
Fundamental of Business Laws and Business Communication (FBLC) Part A Fundamentals of Business Laws (80 marks) Part B Business communication (20 marks) |
100 |
2. |
Fundamentals of Financial and Cost Accounting (FFCA) Part A Fundamentals of Financial Accounting (70 marks) Part B Fundamentals of Cost Accounting (30 marks) |
100 |
3. |
Fundamentals of Business Mathematics and Statistics (FBMS) Part A Fundamentals of Business Mathematics (40 marks) Part B Fundamentals of Business Statistics (60 marks) |
100 |
4. |
Fundamentals of Business Economics and Management (FBEM) Part A Fundamentals of Business Economics (70 marks) Part B Fundamentals of Management (30 marks) |
100 |
How tough is CMA Intermediate?
This is the second level of becoming a cost and management accountant. This exam will be held in offline mode at the exam centers. The syllabus of the CMA inter is divided in two groups. Each group has four subjects.
Passing rate of group 2 is greater as compared to group 1. You have to focus more on the concepts and fundamentals of accounts.
Students can check the CMA Inter Syllabus in the below table:
Group no. |
Paper no. |
Subject name |
Marks |
I |
5. |
Business Laws and Ethics (BLE) |
100 |
6. |
Financial Accounting (FA) |
100 |
|
7. |
Direct and Indirect Taxation Section A Direct Taxation (DT) (50 marks) Section B Indirect Taxation (IDT) (50 marks) |
100 |
|
8. |
Cost Accounting (CA) |
100 |
|
II |
9. |
Operations Management and Strategic Management (OMSM) Part A Operations Management (60 marks) Part B Strategic Management (40 marks) |
100 |
10. |
Corporate Accounting and Auditing (CAA) Part A Corporate Accounting (50 marks) Part B Auditing (50 marks) |
100 |
|
11. |
Financial Management and Business Data Analytics (FMDA) Part A Financial Management (80 marks) Part B Business Data Analytics (20 marks) |
100 |
|
12. |
Management Accounting (MA) |
100 |
How tough is the CMA Final?
This is the final stage of completing the CMA course. This exam will be held in offline mode at the exam centers and questions are descriptive type and objective type both. The syllabus of the CMA final is divided into two groups. Each group has four subjects in which the second group has one elective subject. You need very hard work to complete the final stage of the CMA course.
You can check the CMA final syllabus in the following table:
Group no. |
Paper no. |
Subject name |
Marks |
III |
13. |
Corporate and Economic Laws (CEL) |
100 |
14. |
Strategic Financial Management (SFM) |
100 |
|
15. |
Direct Tax Laws and International Taxation (DIT) |
100 |
|
16. |
Strategic Cost Management (SCM) |
100 |
|
IV |
17. |
Cost and Management Audit (CMAD) |
100 |
18. |
Corporate Financial Reporting (CFR) |
100 |
|
19. |
Indirect Tax Laws and Practice (ITLP) |
100 |
|
20. |
Elective Papers 20A. Strategic Performance Management and Business Valuation (SPMBV) 20B. Risk Management in Banking and Insurance (RMBI) 20C. Entrepreneurship and Start Up (ENTS) |
100 |
Is CMA hard or easy?
There are some points that CMA is hard:
- The CMA course syllabus is very vast.
- Most students face subject related difficulties.
- You should study daily for 8 to 9 hours with full dedication and concentration.
- You have to understand each concept deeply.
- You have to stay up-to-date with finance and accounting changes.
- You will need strong time management skills to complete the CMA exam.
There are the following tips that help you clear the CMA exam easily:
- Know the exam pattern and syllabus from the ICMAI official website to clear the CMA exam easily.
- You should make a proper study schedule which covers all subjects and allocate equal time to these subjects according to your schedule.
- Concepts clarity is most important to clear the CMA exams. You should understand the fundamentals and formulas of accounts.
- Clearing the CMA exam easily, you should do the smart work with the hard work.
- Revise the syllabus as much as possible because it is difficult to learn all the concepts in one revision.
- Practice with mock test papers, it helps you to identify your mistakes, strengths, and weaknesses.
Conclusion
However, becoming a CMA is difficult, but it’s possible to achieve it with the proper strategy, dedication, concentration, and hard work. The secret to success is building a solid foundation in each area, practicing problem- solving techniques, and staying updated with the recent changes.
How does the Bhagya Achievers test series help?
Bhagya Achievers test series acts as a dress rehearsal for your exam. It provides the best quality mock test papers according to your requirement. Bhagya Achievers test series helps you to manage your time, boost your confidence level, and the exam pattern at the time of the exam. Also refer to the CMA test series, CMA Inter test series, CMA final test series to clear the CMA exam easily.