The CMA Foundation is the first level to pursue the full course (three levels) of Cost and Management Accountant. It is easy to get through this exam.
Both the professions are equally preferred & there are enough career opportunities for cost accountants and CAs.
As CMA Foundation is the first level of CMA course conducted by The Institute of Cost and Management Accountants of India (ICMAI), there are few subjects which are based on the senior secondary level.
There are four papers basically:
CMA Foundation Exam Passing Requirements:
One can appear for the exams as many time as he want but all the exams should be appeared at the same time.
There are two conditions which needs to be fullfilled:
Paper-wise exemptions can also be taken if in case someone is not able to clear the exam. If you secure 60% or more than this then you can can get exempted for that paper(s) from appearing in next three terms of examinations. But after that you will have to appear for that exam again.
Once you have cleared all four exams you will be a CMA Foundation.
For freshers who clear the CMA exams in first attempt can get 7L per annum. It can go up to 20L per annum too. If you clear the exam in second attempt than average starting package is 3-4 Lacks.
Below are the steps to register for 2021:
The CMA program comprises three levels. One become eligible for the next level once he passes the previous one.
Different levels:
Passing criteria for each level is as below:
CMA Foundation Level |
CMA Intermediate Level |
CMA Final Level |
Student should pass Senior Secondary Examination (10+2) or equivalent from a recognised examination board. |
Student should have passed the Foundation course from the Institute of Cost Accountants of India (ICAI) |
· To become eligible for the CMA Final level, student must have passed the intermediate level. |
Eligibility to start CMA Foundation
Yes. You can go for CA, CMA and CS all three at the same time but with proper planning and strategies. This is an excellent option if someone opt for these courses at same time. This opens up many opportunities. But it is not that easy too, at the end you will have to decide the feasibility of such an amount of hard work.
It is unlimited, there is no restriction on number of attempts for CMA.
You can give as many attempts as you want, you will have to pay the nominal fee for appearing in the exam every time.
The point here is that the registration gets automatically cancelled after 5 years which can again renewed after paying the nominal fee.
But less the number of attempt you pass you will get good visibility in job market.
There are few companies which check on number of attempts but this is not the criteria to get the job.
(SYLLABUS 2016 valid Through 2021
The candidates are advised to check out some highlights of the ICMAI Certified Management Accountant (CMA) foundation exam pattern before appearing in the exam. These highlights will give a better understanding of the exam:
Exam Highlights |
Foundation exam details |
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Types of questions |
Objective and descriptive both |
||
Duration of exam |
Three hours each paper (extra fifteen minutes for reading) | ||
Exam conducting body |
Institute of Cost Management Accountant of India (ICMAI) | ||
Frequency |
Twice in a year (June and December) | ||
Marking pattern |
100 marks each paper | ||
Mode of exam | Pen and paper-based exam (Offline Mode) | ||
Total number of papers | 4 | ||
Negative marking | No negative marking |
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 & Statistics
Various Search terms used for this section are: