CMA Subjects and Syllabus

Duration

3 Years

Average Fees

INR 50K - 2.5 LPA

Lisha Gupta

Updated on Jan 6, 2023 by Lisha Gupta

Lisha Gupta

Updated on Jan 6, 2023 by Lisha Gupta

CMA course syllabus consists of various core and elective subjects essential for the course curriculum that imparts various practical and theoretical knowledge for the students in the subject domains, such as company accounts and audit, indirect taxation, cost and management accounting, etc.

CMA job scope has a extensive range of job roles in various areas/fields such as business consultancy, banking and finance industry, research and education, service industry, etc. in both private and public sectors.

Semester Wise CMA Syllabus

CMA syllabus includes various subjects such as Financial Analysis and Business valuation, Cost and Management Audit, Corporate Finance Reporting, Tax Management and Practice, Advanced Financial Management, and much more. The CMA course is designed to ensure that students learn about topics in detail. The CMA course syllabus and the course curriculum comprise four parts: foundation, core, electives, and projects. The CMA subjects are as follows:

CMA Foundation Syllabus

CMA Foundation Level has four papers included in it. Listed below are the following of CMA Foundation Level:

SI.No. CMA Foundation Syllabus
1 Fundamentals of Economics and Management
2 Fundamentals of Accounting
3 Fundamentals of Laws and Ethics
4 Fundamentals of Business Mathematics and Statistics

CMA Intermediate Syllabus

CMA Inter Level consists of 8 papers (Group 1 and Group 2). Listed below are the CMA Intermediate level papers given

SI.No. CMA Intermediate Level Syllabus
1 Financial Accounting 
2 Law Ethics and Governance
3 Direct Taxation 
4 Cost Accounting and Financial Management
5 Operation Management and Information System
6 Cost and Management Accounting 
7 Indirect Taxation
8 Company Management and Audit

CMA Final Syllabus

CMA Inter Level consists of 8 papers (Group 3 and Group 4). Listed below are the CMA Intermediate level papers given

SI.No List of CMA Final levels papers 
1 Corporate Laws and Compliance
2 Strategic Financial Management
3 Strategic Cost Management and Decision Making 
4 Direct Tax Laws and International Taxation
5 Corporate Financial Reporting 
6 Cost and Management Audit
7 Strategic Performance Management 
8 Strategic Performance Management & Business valuation 

CMA Subjects

The CMA subjects taught in the curriculum are important and are necessary for the graduates to expand their knowledge in the practical and theoretical aspects, which will be beneficial for them to get a better job in the future. The CMA course subjects are categorized into core and electives on behalf of the students' interests and the rules proposed by the university. Some of the CMA course subjects listed in the course curriculum are listed below:

  • Financial Analysis and Business valuation
  • Cost and Management Audit
  • Corporate Finance Reporting
  • Strategic Performance Management
  • Corporate Laws and Compliance

CMA Foundation Subjects (Level 1)

The CMA syllabus (Foundation Level) has numerous topics that students need to cover. Listed below are the details of the CMA syllabus of different concepts students need to go through:

Paper No. Paper Name Subjects
1 Fundamentals of Economics and Management
  • Fundamentals of Economics
  • Fundamentals of Management
2 Fundamentals of Accounting
  • Fundamentals of Financial Accounting
  • Fundamentals of Cost and Management Accounting
3 Fundamentals of Laws and Ethics
  • Fundamentals of Commercial Law
  • Fundamentals of Ethics
4 Fundamentals of Business Mathematics and Statistics
  • Fundamentals of Business Mathematics
  • Fundamentals of Statistics

CMA Intermediate Subjects (Level 2)

Listed below is the detailed CMA syllabus for the Intermediate level to help the aspirants better learn:

Paper No. Paper Name Subjects
5 Financial Accounting
  • Accounting Basics
  • Preparation for Financial Statements.
  • Self-Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts
  • Accounting in Computerized Environment and Accounting Standards
6 Laws Ethics and Governance
  • Commercial Laws
  • Industrial Laws
  • Corporate Law
  • Ethics
7 Direct Taxation
  • Income Tax Act Basis
  • Heads of Income and Computation of Total Income and Tax Liability
  • Tax management, administrative procedures, and ICDS
8 Cost Accounting
  • Introduction of Cost Accounting
  • Methods of Costing
  • Cost Accounting Techniques
9 Operation and Strategic Management
  • Operation Management
  • Strategic Management
10 Cost and Management Accounting and Financial Management
  • Cost and Management Accounting 
  • Financial Management
11 Indirect Taxation
  • Canons of Taxations – Indirect Tax GST
  • Customs Law
12 Company Accounts and Audits
  • Accounts of Joint Stock Companies
  • Auditing

CMA Final Subjects (Level 3)

Students must take the CMA final exam after passing the CMA midterm exam to be designated as a Certified Management Accountant. There are eight papers at the CMA degree level listed under (Group 3 and Group 4 ). The unit's CMA and regulation are as follows.

Paper No.  Paper Name Subjects
13 Corporate Laws and Compliance
  • Companies Act
  • Other Corporate Laws
  • Corporate Governance
14 Strategic Financial Management
  • Investment Decisions
  • Financial Markets and Institutions
  • Security Analysis and Portfolio Management
  • Financial Risk Management
15 Strategic Cost Management and Decision Making 
  • Cost Management
  • Strategic Cost Management Tools and Techniques
  • Strategic Cost Management
  • Application of Statistical Techniques in Business Decisions
 
16 Direct Tax Laws and International Taxation
  • Advanced Direct Tax Laws
  • International Taxation
  • Case Study Analysis
 
17 Corporate Financial Reporting 
  • GAAP and Accounting Standards
  • Accounting of Business Combinations & Restructuring
  • Consolidated Financial Statements
  • Developments in Financial Reporting
  • Government Accounting in India
 
18 Cost and Management Audit
  • Advanced Indirect Tax and Practice
  • Tax Practice and Procedures
 
19 Strategic Performance Management 
  • Cost Audit
  • Management Audit
  • Internal Audit, Operational Audit and other related issues
  • Case Study on Performance Analysis
 
20 Strategic Performance Management & Business valuation 
  • Strategic Performance Management
  • Business Valuation
 

CMA Course Structure

The course curriculum for CMA is divided into three sections: basic, intermediate, and final. Basic business mathematics and statistics, economics and management, indirect and direct taxes, financial accounting, and other subjects are covered in the curriculum. The CMA course is described in more detail below.

  • Seminars
  • Internship
  • Project Submission
  • Viva

CMA Teaching Methodology and Techniques

The CMA degree course includes various teaching methods and techniques necessary for the graduates to seek better knowledge about the course. The teaching methodology and techniques adopted in the course curriculum provide a real-life experience for the graduates regarding real-life working culture. Some of the various teaching methodology and techniques adopted in the course curriculum of CMA are as follows:

  • Group Projects
  • Case Methodology
  • Workshop
  • Lectures
  • Live Demonstrations
  • Project Evaluations

CMA Projects

Students pursuing the CMA course can take up various projects on activity-based costing, cost accounting principles, Dividend policies, investment policies, etc. The students should take the project topics based on their area of interest and how it motivates them to develop various skills to complete the project with a good impact. Some of the popular CMA project topics are:

  • A Study on Capital Budgeting
  • A Study on Dividend Policies
  • A Study on Investment Avenues in India
  • The use of Management Accounting Techniques as a veritable tool

CMA Reference Books

CMA course reference books aid graduates in understanding the various concepts covered in the course. Reference books assist graduates in improving their knowledge and skills on a wide range of topics and areas of the curriculum. It's in their best interests. The following are some of the best CMA books:

Books Authors
Cost Accounting and Management Essentials Kalpesh Ashar
Cost Accounting M.C Shukla
Advanced Cost and Management Accounting Saxena
Management Accounting and Financial Analysis Kishore R.M

 

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