How to Become A Certified Management Accountant (CMA) In India?

The Certified Management Accountant (CMA) is a college-level accounting degree that is designed to prepare students for a career as an accounting manager. Choosing to go into the field of accounting after earning a bachelor’s degree usually requires a few years of professional experience. However, it is possible to become a Certified Management Accountant (CMA) after graduating from the college level with a degree in accounting. This article will help you to learn how to become a Certified Management Accountant (CMA) in India.

The fastest way to become a Certified Management Accountant (CMA) in India, is to attend the MBA in Management Accountancy programme.

Management Accountants are trusted and valued professionals who are often in demand as recruiters and hiring managers. Over the past years, there have been numerous internet blogs that claimed to provide detailed instructions on how one can obtain a Management Accountancy degree (CMA) in India. However, these blogs were either fraudulent or unprofessionally written. In order to help people who are interested in becoming a CMA in India, we will provide a detailed and comprehensive tutorial on how to obtain a Management Accountancy degree in India.

is one of the best career options in India for students who want to build a better career in finance. CMA or Certified Management Accounting is a globally recognised qualification and offers greater value to individuals.  This opens up a lot of possibilities for someone working in the same field. In general, many people ask how to become a CMA in India. This article answers that question and gives you all the details you need to know. The title Certified Management Accountant is a professional certification awarded to an individual after successfully passing three exams. All CMA examinations are conducted by ICMAI or Institute of Cost Accountants of India. In general, many people want to become a CMA in India because this title offers many advantages. These are some of the main reasons why this profession is very popular in India.

  • This certification is recognized worldwide and gives individuals greater credibility.
  • CMA certification allows a person to earn a higher salary. They generally earn a higher salary than non-certified professionals.
  • This improves the career opportunities for the candidates. Students generally acquire managerial and leadership skills in this profession, leading to better career opportunities.
  • Certified management accountants have more job opportunities in this field than other professionals.

CMA practitioners can work in a variety of sectors depending on their skills, for example. B. in banking, finance, education, private sector, etc. The most popular job titles for CMA professionals are listed below.

  • Financial Director
  • Financial Director
  • The President
  • Director-General
  • Certified Management Accountant
  • Financial Director
  • senior financial analyst
  • Financial Analyst

In addition to the above job profiles, there are many other positions for which candidates can apply based on their skills. So, this profession is very useful for all the people who want to make a better career in finance.

The CMA process in India

As mentioned above, you need to pass exams at three levels to become a Certified Management Accountant in India. Three reviews: CMA Foundation, CMA Intermediate and CMA Final. Moreover, there are several training programs within this course, namely.

  • A three-day training program on communication and soft skills for high school students.
  • A 7-day industrial training program for final year students.
  • 100 hours of advanced computer training. This is a mandatory program for high school students.
  • Practical training
  • At the end of the last course, participants must complete a 15-day modular training course.

The examinations for the CMA course are usually held in June and December each year. This allows the individual to take the exam when they are ready. To take the exam in June, the application process must be completed in January. And to take the exam in December, you must register in July. There are two ways to enter a CMA program: by passing the CMA Fundamental Examination and by direct admission. To take the CMA Core Examination, candidates must have completed Grade 10 and Grade 12 in a reputable institution. After passing the CMA basic exam, they are enrolled in an intermediate course. In contrast, candidates who have completed a major other than fine arts may enroll in an intermediate CMA course. In addition, those who have successfully completed the basic level or CAT exam can progress to the intermediate level. Below are the details of the various levels of CMA exams conducted by ICMAI. CMA Basic Exam The CMA Core Exam is the first exam you must take to pass the CMA course. After passing this test, a person is promoted to the intermediate level. The qualifying criteria for the basic examination are as follows:

  • To take the CMA Core Exam, you must have passed Class 10 or an equivalent subject at an accredited institution.
  • Candidates must also have the 12th standard. graduated from a recognized institution. If not, they must hold a degree in commercial science or a certificate in other technical or public education issued by the All India Council.
  • Students who are awaiting the results of a qualifying exam may also register for this exam.

CMA Basic Examination Fee The cost of the basic exam is Rs. 6.000. Candidates must pay this amount by the end of January if they plan to sit the exam in June, or by the end of July if they plan to sit the exam in December. List of documents for the CMA Foundation exam

  • Candidates must submit a certified photocopy of their Grade 10 and 12 diplomas. Class or report.
  • They must also submit three passport-size photos when registering.

CMA – mid-term review After passing the CMA basic examination, candidates may be admitted to the intermediate examination. In addition, graduates of various professions can take this exam. However, fine arts graduates are not eligible. The following criteria must be met to take this exam.

  • Candidates who have reached level 12. Standard and passed the basic examination are admitted to the intermediate examination.
  • Candidates who have successfully completed the basic level of CSII or the intermediate level of ICAI can also take this examination.
  • Those who are waiting for their final exam results can also register for this exam.

CMA Intermediate Examination Fee Schedule For the CMA course, the price is Rs. 22.000. Candidates may pay this fee when they register for an intermediate course or when they register for the CMA Intermediate Examination. If you want to take the exam in June, you must pay by the end of January. This fee must be paid by the end of July in order to take the exam in the December semester. If you cannot pay the costs in one go. You can pay it in two installments, the first is Rs 12000 and the second Rs 10000. Documents required for the CMA interim examination

  • Students must submit a certified copy of their grade 10 and 12 high school diploma.
  • They must also provide a copy of their university degree if the applicant has a university degree.
  • Three passport size photos are required when registering for CMA Intermediate.

Like the basic exam, the intermediate level exam is held in June and December each year. Thus, candidates should register for this exam by the end of January or July, depending on whether they are ready or not. You can fill the application form and send it along with the required documents to the official ICMAI address.

CMA final exam

After passing the CMA Intermediate Examination, students may take the CMA Final Examination. Like the primary and secondary school exams, the higher level exam is conducted in June and December each year. The selection criteria for the final year are as follows.

  • Candidates must pass the intermediate level of the CMA course.
  • They must also attend seven days of industrial training, which is mandatory for the CMA final exam.
  • Candidates must complete a three-year internship and six months of training.

Cost structure CMA audit The fee for the CMA final course is Rs. 25,000. If you want to take the exam in June, you must pay this amount before the end of January. This fee must be paid by the end of July in order to participate in the semester exam in December. You can also pay this fee when you register for the final exam. You can also pay this tax in two instalments if you cannot pay it in one go. You have to pay Rs. 15,000 in the first installment and Rs. 10,000 in the second installment. Documents required for the CMA final examination

  • During the registration process, the applicant must provide passport photos.
  • You must also submit the required age verification documents and a mid-term evaluation form.
  • To take this exam, candidates must have their school records for grades 10 and 12.

Practical training Practical training is mandatory for students who want to become a certified CMA in India. At this stage, candidates must apply their theoretical knowledge to different practical areas and see the results. You need to understand the different situations that the organization faces in its overall activities. In this section too, they need to develop a disciplined attitude to become a successful CMA. Modular training If you have passed all the exams, you will have to attend the modular training for 15 days. Upon completion of the course, you can become a member of ICMAI and obtain ACMA status. Then, after additional training and sufficient experience in the field, you can become a CMA professional. Conclusion Because of the benefits it offers, the CMA profession in finance is very popular and many students in India want to pursue this career. This profession has many advantages and allows students to work efficiently and earn a good income. In this article, you will find everything you need to know to become a CMA in India.Becoming a Certified Management Accountant (CMA) is one of the toughest courses in the world, and it has been so for a long time. But it’s not the convoluted and arcane content that makes it difficult — it’s the time and effort required to learn it. There is no magic formula for getting through the course, and no shortcut to achieving your goals. But there are certainly ways to make the process easier.. Read more about cma vs cpa and let us know what you think.

Frequently Asked Questions

How do I become a CMA Certified Management Accountant?

The CMA in India is a prestigious qualification, which is based on a thorough study of the principles and the basics of accounting, the financial statements, accounting relationships and the principles of organizational accounting. It is a one-year course and is a great way for those who wish to pursue a career in accounting as a management accountant, or a Managerial Accountant (MCA), to gain the skills needed to succeed in their job. The Certified Management Accountant (CMA) program prepares students to manage a business. Students learn accounting principles and prepare business plans, budgets, and financial statements. They learn how to read financial statements, how to manage day-to-day accounting operations, and how to prepare tax returns.

How can I get CMA certification in India?

Certified Management Accountants (CMA) are a sought-after profession in India, especially in the fields of Information Technology, Banking, Consulting and Manufacturing. To become a Certified Management Accountant (CMA), you need to earn a bachelor’s degree in the field of accounting or a related field (such as business administration) and pass the CMA exam. Most CMA schools are located in the United States or Canada, and it is not uncommon for people to attend several schools before receiving a degree. Most CMA programs last two years, and you will likely need to spend an additional year working as a management accounting intern in order to become certified.

How long does it take to become a certified management accountant?

With a strong emphasis on skills development, the CMA course program is a must to prepare for the CMA certification exams. The course is comprehensive covering all the topics of relevance to the CMA exams. The program consists of lectures, modules, assignments and exam review sessions. The management accounting curriculum provides students with the necessary skills to become certified management accountants. To become a certified management accountant (CMA) in India, you need to have completed a bachelor’s degree in business administration, and you must have a minimum of two years of work experience in a similar field. The CMA exam is a nationwide exam that tests your ability to apply the knowledge you’ve gained in the classroom. All candidates must have a minimum score of 50% in each of the two sections of the exam: the two-hour skills test and the six-hour theory test. Test scores are weighted by your age and experience to create a composite score from which the top candidates are chosen for an interview.

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