A reputable course that is both difficult and rigorous is cost management accounting. Due to the course’s extensive industry reputation, it is becoming increasingly well-liked and accepted among commerce students who want to pursue jobs in accounting and finance.
CMA is an excellent career choice because it is meant to develop young people into tomorrow’s business leaders.
Let’s dive further into the course, its specifics, its syllabus, and more in this article.
Overview of the syllabus
Common subjects with the same weight are included in both the old and new CMA syllabus. To deal with the current complex business systems, new topics are included.
The CMA Final papers are divided into two groups, each of which has four papers. Each paper is three hours long and earns 100 checks. You can choose to attend one or more gatherings. However, you should enlist for the two meetings at the same time. The CMA Foundation papers have a number from 1 to 4, CMA Intermediate papers have a number from 5 to 12, and CMA Final Group 3 and CMA Final Group 4 papers have numbers from 1 to 4.
What is the syllabus cover?
CMA Foundation paper
There are four papers in the course.
- Paper 1 – Fundamentals of Economics and Management
- Paper 2 – Fundamentals of Accounting
- Paper 3 – Fundamentals of Laws and Ethics
- Paper 4 – Fundamentals of Business Mathematics and Statistics
CMA India Intermediate
CMA: Inter Stage I-
- Paper 5 – Financial Accounting
- Paper 6 – Laws, Ethics and Governance
- Paper 7 – Direct Taxation
- Paper 8 – Cost Accounting and Financial Management
CMA Inter Stage – II
- Paper 9 – Operation Management Information System
- Paper 10 – Cost and Management Accounting
- Paper 11 – Indirect Taxation
- Paper 12 – Company Accounts and Audit
By the end, the student has learned about risk management in banking and insurance, strategic performance management, business valuation, and entrepreneurship and start-up. Due to the pandemic, the update is postponed and will be executed in June 2023. The syllabus currently includes topics like business communication, decision-making, quantitative methods, data analytics, strategic management, risk management in the financial industry, and understanding of start-up businesses.
What’s new in the syllabus?
The new subjects this year include direct tax laws, international taxes, management accounting, financial management, business data analytics, corporate and economic legislation, strategic cost management, and operations management and strategic management.
CMA Final Syllabus 2022
Group I
- Corporate Laws & Compliance
- Strategic Financial Management
- Strategic Cost Management – Decision Making
- Direct Tax Laws and International Taxation
Group II
- Corporate Financial Reporting
- Indirect Tax Laws and Practice
- Cost and Management Audit
- Strategic Performance Management and Business Valuation
Group III
- Corporate Laws & Compliance (P-13)
- Strategic Financial Management (P-14)
- Strategic Cost Management – Decision Making (P-15)
- Direct Tax Laws and International Taxation (P-16)
Group IV
- Corporate Financial Reporting (P-17)
- Indirect Tax Laws & Practice (P-18)
- Cost & Management Audit (P-19)
- Strategic Performance Management and Business Valuation (P-20)
The CMA course is currently quite popular among commerce students, particularly those who wish to succeed in the field of cost and management accounting. If you’re interested in learning more about the course content, keep reading to get all the information on the CMA programme in India.
The curriculum of the course has in-depth subjects and gives students a thorough understanding of all financial concepts. In order to make it simple for qualified CMA professionals to practise in many different countries throughout the world, the course content is based on worldwide standards.
In conclusion: To understand the new concepts, the students must develop effective learning strategies and receive coaching from renowned academics.
E-Concept’s Cost and Management Accountants (CMA India) course seeks to develop students’ competence in the current competitive world.