CMA Certification Cost: How Much Time and Money You’ll Spend

Cost and Management Accountancy Course offered by the Institute of Cost Accountants of India

The main purpose of designing of this course is to nurture young minds into business leaders of tomorrow, wherein cost accountants can play a very important role in decision making. 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

Course	Duration & Eligibility	Subjects
Cost and Management Accountant by the Institute of Cost Accountants of India	3-5 years standard duration for this professional course10+2 with a minimum 60% aggregateCourse if divided into three levels- Foundation, Inter and FinalPractical Internship is also required to be done by the candidates at a requisite interval of time frameMultiple attempts are also required to be taken sometimes by the candidatesMaximum attempts limit should be checked before pursuing the course	Business Mathematics and StatisticsLaws and EthicsAccountingEconomicsManagementCompany Accounts and AuditOperation Management Information SystemBusiness Strategy & Cost Management

REVISED CMA COURSE FEE STRUCTURE

[w.e.f. 11th February 2021 Admission/Registration/Enrollment and onwards]

Particulars	Amount	Remarks
Foundation	Rs. 6,000/-	Payable on or before 31st January for June term and 31st July for December term of examinations
Intermediate- Option 1	Rs. 23,100/- *	Payable on or before 31st January for June term and 31st July for December term of examinations
Intermediate- Option 2	Rs. 12,000/- (1st Installment)	At the time of Registration into Intermediate course
	Rs. 11,100/- * (2nd Installment)	Payable on or before 31st January for June term and 31st July for December term of examinations
Final- Option 1	Rs. 25000/- *	Payable on or before 31st January for June term and 31st July for December term of examinations
Final- Option 2	Rs. 15,000/- (1st Installment)	At the time of Enrollment into Final course
	Rs. 10,000/- * (2nd Installment)	Payable on or before 31st January for June term and 31st July for December term of examinations

*It includes Skill Training Facilitation fees of Rs. 1,100/-.

Intermediate

Final

1. To be eligible for appearing in Intermediate examinations, the 2nd Installmentamounting to ` 11,100/- must be payable on or before 31st January for Juneterm and 31st July for December term of examinations.2. If the student fails to pay 2nd installment within the prescribed time limit asmentioned in point no. 1, the installment facility will be still available tillnext 3 Consecutive terms. The 2nd installment is to be paid within the cutoff dates (on or before 31st January for June term and 31st July forDecember term of examinations).3. No student can appear for Intermediate examination without paying 2ndinstallment.4. Failure to pay the 2nd installment within the prescribed time limits asmentioned in point no. 1 & 2, will lead to forfeiture of the amount alreadypaid as 1st Installment.5. After paying 1st installment student will get study materials of both groupsand can opt for oral/postal coaching of either Group (Group I/II) forIntermediate as per the choice of the student.6. After paying 2nd Installment student will be eligible to opt for oral/postalcoaching of remaining group and ‘Skills Training” and other training asapplicable.

1. To be eligible for appearing in Final examinations, the 2nd Installmentamounting to ` 10,000/- must be payable on or before 31st January for Juneterm and 31st July for December term of examinations.2. If the student fails to pay 2nd installment within the prescribed time limit asmentioned in point no. 1, the installment facility will be still available tillnext 3 Consecutive terms. The 2nd installment is to be paid within the cutoff dates (on or before 31st January for June term and 31st July forDecember term of examinations).3. No student can appear for FINAL Examination without paying 2nd installment.4. Failure to pay the 2nd installment within the prescribed time limits asmentioned in point no. 1 & 2, will lead to forfeiture of the amount alreadypaid as 1st Installment.5. After paying 1st installment student will get study materials of both groupsand can opt for oral/postal coaching of either Group (Group III/IV) for Final,as per the choice of the student.6. After paying 2nd Installment student will be eligible to opt for oral/postalcoaching of other group and computer and other training as applicable.

The Institute of Cost Accountants of India vide notification G/128/03/2023 dated 28^th March 2023, has released the details of fees applicable for conversion from Old Syllabus to New Syllabus.

Following are some of the important points to be taken note of, from the notification

The Council of the Institute of Cost Accountants of India at its 341st Meeting has decided that students seeking conversion from Old Syllabus to Syllabus 2022 (application through Online Portal in the Students’ Section) shall pay fee of Rs. 250/- for conversion.
They need not mandatorily purchase the Study Materials from the Institute, which at the time of conversion will be optional for the students.
This Notification is in partial amendment for Notification vide Ref. No. G/128/1/2023 dated 31/1/2023.

Explanation & Understanding of Notification

According to the official website, icmai.in, the ICMAI CMA exams 2023 under the new syllabus 2022 will begin in the June term while the exams under the previous syllabus will last until December 2023.
The ICMAI, on February 13, exempted Common Admission Test (CAT) pass out students from appearing in Business Laws and Ethics (BLE) paper under new syllabus 2022.
The council had clarified that the subject exemption granted to the CAT pass out students for pursuing the CMA course under new syllabus is also available to CAT course part I pass out students.
Business Laws and Ethics (BLE) is paper 5 under the CMA intermediate course for group 1. The intermediate course had 8 papers. The three papers – financial accounting, direct and indirect taxation, cost accounting are the subjects that are still part of the new syllabus.