CMA Intermediate Examination Stage
CMA Inter is the second stage of the professional course of Cost Accountancy. The Inter stage is basically designed to inculcate skills and competence of Inter program passed students. The main objective is to make students capable and competent to act as Costing Executive in companies or in professional and consultancy firms).
It’s a national level examination. Students are more inclined in understanding the concepts of costing and management accounting and applying them in the practical work of field, they usually opt for this course instead of Company Secretary or Chartered Accountancy Course.
The different stages of examination includes the following-
- Foundation Programme
- CMA Intermediate Programme
- CMA Final Programme
Students can apply for the inter program through the foundation programme or direct entry route provided by the Institute of Cost Accountants of India.
| Intermediate Course: | |
| Eligibility for Admission: | |
| (a) | Passed Senior Secondary School Examination (10+2)and Foundation Course of the Institute of Cost Accountants of India/ 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 |
| (b) | Passed Foundation of ICSI/Intermediate of ICAI by what ever name called along with 10+2. |
| (c) | List of other qualifying examination are given vides Annexure VI of prospectus. Incumbents waiting for the result can apply for provisional admission |
How to download PDF Syllabus
- Click on the link below
https://icmai.in/studentswebsite/Study_Materials_2022.php
- Select the category out of the below mentioned options
CMA Study Materials 2022:
Foundation Study Materials
Intermediate Study Materials
Final Study Materials
Supplementary for December 2023 Term of Examinations – Syllabus 2022 New
Supplementary for June 2023 Term of Examinations – Syllabus 2022
- After clicking the selection for Intermediate Study material, click on the following link
https://icmai.in/studentswebsite/Syl-2022-Inter-Stdy-Mtrls.php
- These options will come
Select group 1 or 2 and then subjects to download the same in PDF form
Understanding Syllabus of CMA Intermediate 2023
The Institute has prescribed detailed syllabus w.r.t. each paper and content which will be part of the test. Following are the topics and subjects which are required to be part of the test. Students are expected to understand and have a proper grip on the topics. A proper SWOT analysis should be done by the students w.r.t. topics. The focus should be more on the topics/ subjects which seems tough or difficult for them.
| Syllabus – 2022: Intermediate Course Curriculum | Syllabus – 2016 Intermediate Study Material |
| GROUP – I PAPER 5: BUSINESS LAWS AND ETHICS (BLE) PAPER 6: FINANCIAL ACCOUNTING (FA) PAPER 7: DIRECT AND INDIRECT TAXATION (DITX) PAPER 8: COST ACCOUNTING (CA)GROUP – IIPAPER 9: OPERATIONS MANAGEMENT AND STRATEGIC MANAGEMENT (OMSM) PAPER 10: CORPORATE ACCOUNTING AND AUDITING (CAA) PAPER 11: FINANCIAL MANAGEMENT AND BUSINESS DATA ANALYTICS (FMDA) PAPER 12: MANAGEMENT ACCOUNTING (MA) | Paper-5 Financial Accounting Paper-6 Laws and Ethics Paper-7 Direct Taxation Revised Edition January 2023 Paper-8 Cost Accounting Paper-9 Operations Management & Strategic Management Paper-10 Cost & Management Accounting and Financial Management Paper-11 Indirect Taxation Revised Edition January 2023 Paper-12 Company Accounts & Audit |
Syllabus – 2022: Intermediate Course Curriculum
| Intermediate Course (Group – I) | Paper 5 BUSINESS LAWS AND ETHICS (BLE) |
| Section A: Commercial Laws | Introduction to Law and Legal System in IndiaIndian Contracts Act, 1872Sale of Goods Act, 1930Negotiable Instruments Act, 1881Indian Partnership Act, 1932Limited Liability Partnership Act, 2008 |
| Section B: Industrial Laws | Factories Act, 1948Payment of Gratuity Act, 1972Employees Provident Fund and Miscellaneous Provisions Act, 1952Employees State Insurance Act, 1948The Code on Wages, 2019 |
| Section C: Corporate Laws | Companies Act, 2013 |
| Section D: Business Ethics | Business Ethics and Emotional Intelligence |
| Intermediate Course (Group – I) | Paper 6 FINANCIAL ACCOUNTING (FA) |
| Section A: Accounting Fundamentals | Accounting Fundamentals |
| Section B: Accounting for Special Transactions | Bills of Exchange, Consignment, Joint Venture |
| Section C: Preparation of Financial Statements | Preparation of Final Accounts of Commercial Organisations,Not-for-Profit Organisations and from Incomplete Records |
| Section D: Partnership Accounts | Partnership Accounts |
| Section E: Lease, Branch and Departmental Accounts etc. | Lease AccountingBranch (including Foreign Branch) and Departmental AccountsInsurance Claim for Loss of Stock and Loss of ProfitHire Purchase and Installment Sale Transactions |
| Section F: Accounting Standards | Accounting Standards |
| Intermediate Course (Group – I) | Paper 7DIRECT AND INDIRECT TAXATION (DITX) |
| Section A: Direct Taxation | Basics of Income Tax ActHeads of IncomeTotal Income and Tax Liability of Individuals & HUF |
| Section B: Indirect Taxation | Concept of Indirect TaxesGoods and Services Tax (GST) LawsCustoms Act |
| Intermediate Course (Group – I) | Paper 8COST ACCOUNTING (CA) |
| Section A: Introduction to Cost Accounting | Introduction to Cost AccountingCost Ascertainment – Elements of CostCost Accounting Standards (CAS 1 to CAS 24)Cost Book Keeping |
| Section B: Methods of Costing | Methods of Costing |
| Section C: Cost Accounting Techniques | Cost Accounting Techniques |
| Intermediate Course (Group – II) | Paper 9OPERATIONS MANAGEMENT ANDSTRATEGIC MANAGEMENT (OMSM) |
| Section A: Operations Management | IntroductionOperations PlanningDesigning of Operational Systems and ControlApplication of Operation Research – Production Planning and ControlProductivity Management and Quality ManagementProject Management, Monitoring and ControlEconomics of Maintenance and Spares Management |
| Section B: Strategic Management | IntroductionStrategic Analysis and Strategic PlanningFormulation and Implementation of StrategyDigital Strategy |
| Intermediate Course (Group – II) | Paper 10CORPORATE ACCOUNTING AND AUDITING (CAA) |
| Section A: Corporate Accounting | Accounting for Shares and DebenturesPreparation of the Statement of Profit and Loss and Balance Sheet (As Per Schedule III of Companies Act, 2013)Cash Flow StatementAccounts of Banking, Electricity and Insurance CompaniesAccounting Standards |
| Section B: Auditing | Basic Concepts of AuditingProvisions Relating to Audit under Companies Act, 2013Auditing of Different Types of Undertakings |
| Intermediate Course (Group – II) | Paper 11FINANCIAL MANAGEMENT ANDBUSINESS DATA ANALYTICS (FMDA) |
| Section A: Financial Management | Fundamentals of Financial ManagementInstitutions and Instruments in Financial MarketsTools for Financial AnalysesSources of Finance and Cost of CapitalCapital BudgetingWorking Capital ManagementFinancing Decision of a Firm |
| Section B: Business Data Analytics | Introduction to Data Science for Business Decision-makingData Processing, Organisation, Cleaning and ValidationData Presentation: Visualisation and Graphical PresentationData Analysis and Modelling |
| Intermediate Course (Group – II) | Paper 11FINANCIAL MANAGEMENT ANDBUSINESS DATA ANALYTICS (FMDA) |
| Section A: Financial Management | Fundamentals of Financial ManagementInstitutions and Instruments in Financial MarketsTools for Financial AnalysesSources of Finance and Cost of CapitalCapital BudgetingWorking Capital ManagementFinancing Decision of a Firm |
| Section B: Business Data Analytics | Introduction to Data Science for Business Decision-makingData Processing, Organisation, Cleaning and ValidationData Presentation: Visualisation and Graphical PresentationData Analysis and Modelling |
| Intermediate Course (Group – II) | Paper 12MANAGEMENT ACCOUNTING (MA) |
| Section A: Introduction to Management Accounting | Introduction to Management Accounting |
| Section B: Activity Based Costing | Activity Based Costing |
| Section C: Decision Making Tools | Marginal CostingApplications of Marginal Costing in Short Term Decision MakingTransfer Pricing |
| Section D: Standard Costing and Variance Analysis | Standard Costing and Variance Analysis |
| Section E: Forecasting, Budgeting and Budgetary Control | Forecasting, Budgeting and Budgetary Control |
| Section F: Divisional Performance Measurement | Divisional Performance Measurement |
| Section G: Responsibility Accounting | Responsibility Accounting |
| Section H: Decision Theory | Decision Theory |