CMA Inter New Syllabus Test Series Plans

The Institute of Cost Accountants of India (ICAI), formerly the Institute of Cost and Works Accountants of India (ICWAI), offers a professional certification called the CMA Inter (Cost and Management Accountant Inter) course. The second level of the CMA program, the CMA Inter course, aims to impart comprehensive knowledge and abilities in the area of cost and management accounting.

These are some of the main features of the CMA Inter program:

• Eligibility Criteria: Candidates must have finished the CMA Foundation course or have an equivalent qualification in order to be eligible for the CMA Inter course. Any discipline's graduates may enroll in the CMA Inter course.
• Course Structure: There are two groups in the CMA Inter course, and each group has four papers. The course covers the following topics:
  1. Group I:
     • PAPER 5: BUSINESS LAWS AND ETHICS
     • PAPER 6: FINANCIAL ACCOUNTING
     • PAPER 7: DIRECT AND INDIRECT TAXATION
     • PAPER 8: COST ACCOUNTING
  2. Group II:
     • PAPER 9: OPERATIONS MANAGEMENT AND STRATEGIC MANAGEMENT
     • PAPER 10: CORPORATE ACCOUNTING AND AUDITING
     • PAPER 11: FINANCIAL MANAGEMENT AND BUSINESS DATA ANALYTICS
     • PAPER 12: MANAGEMENT ACCOUNTING.
• Examinations: Twice a year, in June and December, the CMA Inter exams are held. For a candidate to move on to the CMA Final, they must pass both groups.
• Examination Pattern: Descriptive and objective question types are part of the exam pattern. It assesses candidates' conceptual knowledge in addition to their theoretical understanding.
• Practical Training: Candidates must complete practical training in addition to the course's theoretical instruction in order to develop a practical grasp of the concepts they have learned.
• Duration: The amount of time needed to finish the CMA Inter course varies depending on how quickly each person studies and gets ready. On the other hand, candidates must finish the course in a reasonable amount of time.
• Career Opportunities: Upon passing the CMA Inter course, candidates can pursue careers in financial management, auditing, taxation, and cost and management accounting. Because of their proficiency with financial planning and analysis, CMAs are in high demand across all industries.
• Membership: candidate can apply to join the Institute of Cost Accountants of India and become a certified Cost and Management Accountant after passing the CMA Final and meeting the requirements for practical training.

As with any professional course, candidates should keep up to date on changes in the industry, examination trends, and syllabus. In the realm of cost and management accounting, success hinges on ongoing education and the application of acquired knowledge in real-world scenarios.

There are a few steps involved in registering for the CMA Inter course, and it's crucial to follow the instructions provided by the Institute of Cost Accountants of India (ICAI). This is a basic guide explaining how to sign up for the CMA Inter:

• Eligibility Check: Make sure you fulfil the requirements in order to register for the CMA Inter. Generally speaking, you must have passed the CMA Foundation course or obtained a comparable credential.
• Obtain the Prospectus: Get the prospectus or informational brochure from the Institute of Cost Accountants of India's (ICAI) official website. This document includes comprehensive details about the CMA Inter course, such as the registration procedure, examination format, and syllabus.
• Fill the Registration Form: Complete the ICAI-provided CMA Inter registration form. Usually found in the prospectus, the form can also be downloaded from the official website.
• Attach Required Documents: Prepare the necessary documents to be submitted along with the registration form. This may include: -
  • Copy of the CMA Foundation pass certificate or equivalent qualification.
  • Passport-sized photographs.
  • Identity proof (such as Aadhar card, passport, voter ID, etc.).
  • Proof of date of birth.
• Submit the Form and Fee: Send the completed registration form to the relevant ICAI regional council or chapter, along with the necessary paperwork. As indicated in the prospectus, pay the registration fee. Check the most recent fee details as the fee structure may change.
• Receive Study Material: You will receive study materials for the CMA Inter course upon successful registration. These resources are necessary for both self-study and exam preparation.
• Examination Admit Card: Once the registration process is finished, you will be qualified to take the CMA Inter exams. Exam admit cards are available for download on the official website of ICAI, which will be issuing them.
• Show Up for Exams: Follow the ICAI-provided schedule to attend the CMA Inter examinations. Typically, the exams take place in December and June of each year.
• Results and Progress: Visit the official website to view the exam results. You can move on to the CMA Final, the next step, if you pass the CMA Inter exams. If not, you might have to retake the tests.
• Completion of Practical Training: In addition to passing the exams, candidates can only become members of ICAI if they successfully complete practical training. During this training, you will acquire hands-on experience in the relevant field.

Note: It is imperative to refer to the official ICAI website for the most recent information and updates, as policies and specifications are subject to modification.
Make sure you don't miss the registration and exam application deadlines.
The Institute of Cost Accountants of India's official guidelines and notifications are the best source of accurate and current information about CMA Inter registration. Always consult them.

For those interested in a career in cost and management accounting, the CMA Inter course is very important. The CMA Inter course holds significant importance for the following reasons:

• Professional Recognition: A prerequisite for obtaining the esteemed Certified Management Accountant (CMA) designation is passing the CMA Inter course. This certification shows a high level of proficiency in cost and management accounting and is widely recognized.
• In-Depth Knowledge: The goal of the CMA Inter curriculum is to impart in-depth knowledge in a variety of subjects, including taxation, cost accounting, financial accounting, and strategic management. This thorough comprehension gives professionals the tools they need to make wise financial decisions inside a company.
• Career Advancement: The CMA Inter credential improves professional prospects and creates avenues for financial and accounting industry advancement. Because of their capacity to support financial management and strategic decision-making, CMAs are highly valued by many organizations.
• Global Recognition: Because the CMA designation is widely recognized, professionals can pursue opportunities in both Indian and foreign markets. Those who want to work in a variety of business settings or for multinational corporations will benefit from this widespread recognition.
• Specialized Skills: Graduates of the CMA Inter program get specialized knowledge in financial planning, budgeting, cost management, and analysis. These abilities are in high demand in fields where successful cost containment and strategic financial management are essential.
• Ethical Standards: Professional integrity and ethical considerations are highlighted in the CMA Inter course. CMAs are expected to uphold the highest ethical standards, which fosters confidence in their capacity to responsibly handle financial matters.
• Strategic Decision-Making: Professionals can assist in the development and implementation of organizational strategies by taking courses in strategic management. CMAs frequently participate in decision-making processes that have an effect on the organization's financial stability.
• Versatility in Career Paths: Professionals with CMA Inter qualification can work in manufacturing, services, consulting, government, and other industries. The acquired abilities are adaptable and useful in a variety of fields.
• Increased Earning Potential: When compared to non-certified professionals in the same field, CMAs usually command higher salaries. Investing in one's career with a certification can eventually result in higher earning potential.
• Membership in Professional Body: Members of the Institute of Cost Accountants of India (ICAI) can join after passing the CMA Inter course and any further levels. Access to a professional network and continuous opportunities for professional development are provided by this membership. 

Members of the Institute of Cost Accountants of India (ICAI) can join after passing the CMA Inter course and any further levels. Access to a professional network and continuous opportunities for professional development are provided by this membership. After passing the CMA Inter course and any subsequent levels, individuals can become members of the Institute of Cost Accountants of India (ICAI). This membership gives you access to a professional network and ongoing opportunities for professional development.

GROUP – I

• PAPER 5: BUSINESS LAWS AND ETHICS
• PAPER 6: FINANCIAL ACCOUNTING
• PAPER 7: DIRECT AND INDIRECT TAXATION
• PAPER 8: COST ACCOUNTING

GROUP – II

• PAPER 9: OPERATIONS MANAGEMENT AND STRATEGIC MANAGEMENT
• PAPER 10: CORPORATE ACCOUNTING AND AUDITING
• PAPER 11: FINANCIAL MANAGEMENT AND BUSINESS DATA ANALYTICS
• PAPER 12: MANAGEMENT ACCOUNTING

(GROUP – I)

PAPER 5: BUSINESS LAWS AND ETHICSAND ETHICS

Section A: Commercial Laws

• Chapter 1: Introduction to Law and Legal System in India
• Chapter 2: Indian Contracts Act, 1872
• Chapter 3: Sale of Goods Act, 1930
• Chapter 4: Negotiable Instruments Act, 1881
• Chapter 5: Indian Partnership Act, 1932
• Chapter 6: Limited Liability Partnership Act, 2008

Section B: Industrial Laws

• Chapter 6: Factories Act, 1948
• Chapter 7: Payment of Gratuity Act, 1972
• Chapter 8: Employees Provident Fund and Miscellaneous Provisions Act,1952
• Chapter 9: Employees State Insurance Act, 1948
• Chapter 10: The Code on Wages, 2019

Section C: Corporate Laws

• Chapter 11: Companies Act, 2013

Section D: Business Ethics

• Chapter 12: Business Ethics and Emotional Intelligence

PAPER 6: FINANCIAL ACCOUNTING

Section A: Accounting Fundamentals

• Chapter 1: Accounting Fundamentals

Section B: Accounting for Special Transactions

• Chapter 2: Bills of Exchange, Consignment, Joint Venture

Section C: Preparation of Financial Statements

• Chapter 3: Preparation of Final Accounts of Commercial Organisations, Not-for-Profit Organisations and from Incomplete Records

Section D: Partnership Accounts

• Chapter 4: Partnership Accounts

Section E: Lease, Branch and Departmental Accounts etc.

• Chapter 5: Lease Accounting
• Chapter 6: Branch (including Foreign Branch) and Departmental Accounts
• Chapter 7: Insurance Claim for Loss of Stock and Loss of Profit
• Chapter 8: Hire Purchase and Instalment Sale Transactions

Section F: Accounting Standards

• Chapter 9: Accounting Standards

PAPER 7: DIRECT AND INDIRECT TAXATION

Section A: Direct Taxation

• Chapter 1: Basics of Income Tax Act
• Chapter 2: Heads of Income
• Chapter 3: Total Income and Tax Liability of Individuals & HUF

Section B: Indirect Taxation

• Chapter 4: Concept of Indirect Taxes
• Chapter 5: Goods and Services Tax (GST) Laws
• Chapter 6: Customs Act

PAPER 8: COST ACCOUNTING

Section A: Introduction to Cost Accounting

• Chapter 1: Introduction to Cost Accounting
• Chapter 2: Cost Ascertainment – Elements of Cost
• Chapter 3: Cost Accounting Standards (CAS 1 to CAS 24)
• Chapter 4: Cost Book Keeping

Section B: Methods of Costing

• Chapter 5: Methods of Costing

Section C: Cost Accounting Techniques

• Chapter 6: Cost Accounting Techniques

(GROUP – II)

PAPER 9: OPERATIONS MANAGEMENT AND STRATEGIC MANAGEMENT

Section A: Operations Management

• Chapter 1: Introduction
• Chapter 2: Operations Planning
• Chapter 3: Designing of Operational Systems and Control
• Chapter 4: Application of Operation Research - Production Planning and Control
• Chapter 5: Productivity Management and Quality Management
• Chapter 6: Project Management, Monitoring and Control
• Chapter 7: Economics of Maintenance and Spares Management

Section B: Strategic Management

• Chapter 8: Introduction
• Chapter 9: Strategic Analysis and Strategic Planning
• Chapter 10: Formulation and Implementation of Strategy
• Chapter 11: Digital Strategy

PAPER 10: CORPORATE ACCOUNTING AND AUDITING

Section A: Corporate Accounting

• Chapter 1: Accounting for Shares and Debentures
• Chapter 2: Preparation of the Statement of Profit and Loss and Balance Sheet (As Per Schedule III of Companies Act, 2013)
• Chapter 3: Cash Flow Statement
• Chapter 4: Accounts of Banking, Electricity and Insurance Companies
• Chapter 5: Accounting Standards

Section B: Auditing

• Chapter 6: Basic Concepts of Auditing
• Chapter 7: Provisions Relating to Audit under Companies Act, 2013
• Chapter 8: Auditing of Different Types of Undertakings

PAPER 11: FINANCIAL MANAGEMENT AND BUSINESS DATA ANALYTICS

Section A: Financial Management

• Chapter 1: Fundamentals of Financial Management
• Chapter 2: Institutions and Instruments in Financial Markets
• Chapter 3: Tools for Financial Analyses
• Chapter 4: Sources of Finance and Cost of Capital
• Chapter 5: Capital Budgeting
• Chapter 6: Working Capital Management
• Chapter 7: Financing Decision of a Firm

Section B: Business Data Analytics

• Chapter 8: Introduction to Data Science for Business Decision-making
• Chapter 9: Data Processing, Organisation, Cleaning and Validation
• Chapter 10: Data Presentation: Visualisation and Graphical Presentation
• Chapter 11: Data Analysis and Modelling

PAPER 12: MANAGEMENT ACCOUNTING

Section A: Introduction to Management Accounting

• Chapter 1: Introduction to Management Accounting

Section B: Activity Based Costing

• Chapter 2: Activity Based Costing

Section C: Decision Making Tools

• Chapter 3: Marginal Costing
• Chapter 4: Applications of Marginal Costing in Short Term Decision Making
• Chapter 5: Transfer Pricing

Section D: Standard Costing and Variance Analysis

• Chapter 6: Standard Costing and Variance Analysis

Section E: Forecasting, Budgeting and Budgetary Control

• Chapter 7: Forecasting, Budgeting and Budgetary Control

Section F: Divisional Performance Measurement

• Chapter 8; Divisional Performance Measurement

Section G: Responsibility Accounting

• Chapter 9: Responsibility Accounting

Section H: Decision Theory

• Chapter 10: Decision Theory

The Institute of Cost Accountants of India (ICAI) normally provides the study materials for the CMA Inter. The study guide is thorough and intended to cover every topic on the syllabus. Here are some important details about the CMA Inter study guide:

• Official ICAI Study Materials: The complete CMA Inter syllabus is covered in the official study materials provided by the Institute of Cost Accountants of India (ICAI). The ICAI's regional offices or official website are the places to get these resources.
• Books of Reference: There are a number of reference books written by authorities in the field that offer further information and justifications. Popular authors for CMA study materials are S. K. Agarwal and Ravi M. Kishore
• Digital Channels: CMA Inter study materials, such as video lectures, e-books, and practice questions, are available on a variety of online platforms. Make sure the content is in line with the most recent syllabus.

CMA Previous Year Papers:

• ICAI Website: On its official website, the ICAI frequently posts question papers from prior years. Understanding the format and nature of the questions on these papers can be gained through analysis.
• Coaching Institutes: Some coaching facilities gather and disseminate past year's exam questions as part of their study materials.

CMA Coaching Classes:

• Local Coaching Centres:  CMA Inter coaching classes are available at many cities' coaching centers. These courses offer organized direction and assistance.
• Online Platforms: Several online resources provide candidates who prefer self-paced learning with flexibility by offering live or recorded video lectures.

Best Books for CMA Inter:

• "Advanced Management Accounting" by S. K. Agarwal: Covers the management accounting portion in detail.
• "Cost and Management Accounting" by M. N. Arora: Comprehensive coverage of cost accounting concepts.
• "Scanner for CMA Inter Group I (New Syllabus)" by Pankaj Garg: Useful for quick revision and practice.

Free CMA Inter Study Material:

• ICAI's Official Website: ICAI provides some study materials and resources for free on its official website.
• Open Education Platforms: Look into open education platforms that provide free resources, lectures, and study materials for CMA Inter.

Note that although free resources are helpful, you should make sure they are from reliable sources and follow the most recent CMA Inter syllabus. For the most accurate and recent study materials, always consult the most recent information supplied by the ICAI.

• ICAI Mock Tests: A good way to practice time management and gauge your readiness is to take advantage of the official mock tests that the ICAI frequently offers, which resemble the exam setting.
• Online Coaching Platforms: Mock test series are included in many online coaching platforms' study packages. These assessments assist applicants in determining their areas of strength and weakness and exam readiness.

• Exam Simulation: Mock tests help candidates get acquainted with the format, length, and structure of the CMA Inter exams by simulating the real exam environment.
• Time Management: Exam time management is made easier with practice exams. Candidates can increase their speed and determine how much time to spend on each section.
• Identifying Weaknesses: Mock exams assist in identifying potential problem areas for candidates so they can concentrate their remaining preparation time on those particular subjects.
• Building Confidence: Regular practice with mock tests boosts confidence and reduces anxiety, making candidates feel more comfortable and prepared on the actual exam day.

Usually, the exams are held in December and June twice a year.

It is advised that you check the ICAI's official website or get in touch with the institute directly in order to get the most accurate and current information regarding CMA Inter exam dates. The most recent schedules, notifications, and announcements regarding the CMA Inter examinations can be found on the official website.
The general procedures to look up CMA Inter exam dates are as follows:

• Visit the Official Website: Visit the Institute of Cost Accountants of India's (ICAI) official website. You can find the website address by searching online or by consulting official correspondence.
• Navigate to the Exam Section: Navigate to the examinations or student services section of the ICAI website. This section usually contains exam-related information.
• Check Exam Schedule: Look for the specifics about the CMA Inter exams, such as the dates of the exams, the deadlines for applications, and any other pertinent information. An official notice or exam schedule may contain the schedule.
• Download Official Notifications: Exam dates, application processes, and other pertinent instructions are all covered in detail in the official notifications and exam bulletins that ICAI frequently publishes. For the most recent information, download and refer to these notifications.
• Contact ICAI: Consider contacting the ICAI using the information on their official website if you have any specific questions or require more information. They might have a special phone number or email address for questions about exams.

Exam schedules are subject to change, so always make sure you are referring to the most recent and official information provided by the ICAI. In order to give candidates enough time to prepare, exam dates, application procedures, and other pertinent information are usually announced well in advance.

An essential piece of paperwork that applicants need to bring to the testing location for validation is their admit card. The general procedures for obtaining a CMA Inter Admit Card are as follows:

• Visit the Official Website: Visit the Institute of Cost Accountants of India's (ICAI) official website. You can find the website address in official ICAI communications or by conducting an online search.
• Login to Your Account: Typically, candidates must access their accounts on the official website. Usually, this login is made during the registration procedure.
• Download Admit Card: Go to the section that deals with exams or student services. Search for the CMA Inter examination admit card download option. Observe the guidelines that are supplied on the webpage.
• Enter Credentials: To view and download the admit card, you might need to provide your login information, like your registration number and password.
• Verify Details: Check all the information on the admit card, including your name, photo, exam centre information, and schedule, carefully after downloading it. Make quick contact with the examination authorities if you discover any discrepancies.
• Print Admit Card: After you have verified the details, print multiple copies of the admit card. It is advisable to keep extra copies for your records and in case of unforeseen circumstances.
• Exam Day: Make sure you bring a printed copy of your admit card to the testing location on the day of the exam. You can enter the exam room with your admit card, which also acts as verification of your candidacy.

Please be aware that different people may have different processes for downloading the admit card, so it's important to follow the guidelines that ICAI provides on their official website. Furthermore, official notifications on the ICAI website would be used to disseminate any updates or modifications to the procedure.

I advise visiting the Institute of Cost Accountants of India's official website or calling their examination helpline for the most current and accurate information.

The CMA Inter results are typically released by the Institute of Cost Accountants of India (ICAI) on their official website. Here are the general steps to check your CMA Inter result:

• Visit the Official Website: Go to the official website of the Institute of Cost Accountants of India. The website address can be found through an online search or in official communications from ICAI.
• Navigate to the Results Section: Look for the section related to results or student services on the ICAI website. Exam-related information, including results, is typically available in this section.
• Select the Relevant Exam: Find the specific link or section for CMA Inter results. There may be separate links for different examination cycles (June or December).
• Enter Required Details: You will likely be prompted to enter certain details such as your registration number and/or roll number. Make sure to enter the information accurately.
• View/Download Result: After entering the required details, the system should display your CMA Inter result. You may have the option to view the result online or download it for your records.
• Print a Copy: It is advisable to print a copy of your result for future reference. The printed result can be useful for documentation and verification purposes.
• Check for Additional Information: Review the result for any additional information provided, such as grade details or specific comments. This information can provide insights into your performance.
• Contact ICAI if Needed: If you encounter any issues or have questions about your result, you can contact the examination helpline or relevant department at ICAI for clarification.

Please be aware that there may be variations in the particular procedures and steps, and it is imperative that you adhere to the guidelines that ICAI provides on their official website. Official notifications on the ICAI website will also be used to announce any updates or modifications to the result declaration procedure.
I advise visiting the Institute of Cost Accountants of India's official website for the most recent and accurate information.

For CMA (Cost and Management Accountant) Inter students looking to improve their readiness and comprehension of the course material, there are a number of online resources available. The following are some suggested internet sources:

• ICAI Official Website:
  • Official Website of the Institute of Cost Accountants of India (ICAI)
  • Important details, such as the syllabus, study guides, exam notifications, and other updates, are available on the official website.
• Online Study Platforms:
  • ​​​​​​​Swayam: An online learning platform called Swayam was launched by the Indian government. It might provide pertinent courses pertaining to the CMA curriculum.
  • Coursera, Udemy, edX: Numerous courses on accounting, finance, and management are available on these platforms. They might not cover the CMA syllabus in detail, but they can provide additional information.
• YouTube: On YouTube, a number of instructors and coaching organizations post video lectures, tutorials, and explanations. Look for CMA Inter-specific videos to locate pertinent ones.
• CMA Inter Mock Test Series: You can practice and evaluate your readiness with the CMA Inter mock test series offered by some coaching centres and online resources.
• Online Forums and Discussion Groups: Participating in online forums and discussion groups can help you connect with other CMA Inter students, exchange ideas, and get answers to questions.
• Mobile Apps: Look into educational mobile apps that might provide practice questions, quizzes, and study materials for CMA Inter. Additionally, some coaching facilities provide their students access to specialized apps.
• Financial News and Analysis Platforms: For CMA professionals, keeping up with the latest financial news and analysis is essential. Sites like Financial Times, Investopedia, and Bloomberg can offer insightful information.
• Library Genesis: One way to get access to academic books and materials is through Library Genesis. You might discover pertinent reference books and textbooks.
• LinkedIn and Professional Networks: Join relevant groups on LinkedIn and follow influential people. You can connect with professionals in the field and stay up to date on industry trends by joining professional networks.
• Free CMA Inter Study Material Websites: Free CMA Inter study guides may be available on certain websites. Make sure the resources are from reliable sources and correspond with the most recent syllabus.

Always make sure the materials you use are reliable and up to date with the CMA Inter syllabus. For the most precise and recent information, always consult the official ICAI materials and notifications.