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Latest Updates About ICAI - CMA Exam: Important Exam Date; Application Form; Eligibility Criteria; Exam Pattern

ICAI CMA Exam Course

The ICAI (Institute of Cost Accountants in India) is the parent body of Cost Accountancy in India. It is responsible for the maintenance of the high professional standard of the Cost Accountancy in India. It is a licensing body for the practice of Cost Accountancy and it prescribes the various standardsof Cost Accountancy to be followed by companies while auditing their financial matters. In order to devise the best auditing standards ICAI works closely with other premier institutions of India like RBI ( Reserve Bank of India), SEBI (Securities and Exchange Board of India), IRDA ( Insurance Regulatory and Development Authority of India) and various other government departments of India. It has four regional centres in Kolkata, Delhi, Mumbai and Chennai. The Kolkata centre is headquarter of ICAI.

The ICAI is being renamed as the CMA (Cost and Management Accounting). The students who work as a Cost Accountant are required to collect all vital information from various departments of company and analyze them to give an overall view.

The CMA course consists of three stages, namely, Foundation, Intermediate and Final. One can do this course online also.

The ICAI holds the CMA foundation course four times in a year. The foundation exam is conducted in the months of March, June, September and December. Students who qualifies the foundation course becomes eligible to get enrolled for the Intermediate course. If student has graduation degree then he can directly get himself directly registered for the Intermediate course. 


Eligibility for CMA Exam

Foundation Course

Candidate should have done his 10+2 exam. However a candidate can get himself registered for the foundation course after doing his 10th, but his status would be termed as provisional. Only after submitting his 12th mark sheet or certificate candidate enrollment would be converted into ‘Regular’.

Time period allotted for the Provisional status of the course 

Course Name

Period of the Course

Foundation Course

36 months

Intermediate Course

18 months

Intermediate Course

Candidate who has done the Foundation course is eligible to get enrolled for the Intermediate course directly, even if he has not completed his Graduation.

If the student has not completed his graduation yet he is eligible to get enrolled for the Intermediate course on the provisional basis. He would be required to submit his graduation degree for getting enrolled as regular student.


CMA Exam Admission Process

Registration Fee Details 

Stage of Course

Fee required

Foundation

4000

Intermediate

20,000

Final

17,000

Registration Process for the Foundation Course

  • A candidate should have passed the 10th exam or equivalent to become eligible for their enrollment on provisional basis.
  • To get enrolled on Regular basis candidate should have done his 12th standard from any recognized board or University of India.

How To Apply

  • Candidate can apply for registration by getting the application form for the Foundation Course.
  • Candidate should attach the attested copy of the 10th or 12th mark sheet along with application form.
  • He should also paste his recent photograph on the application form.
  • The application form should get attested by the any member of ICAI/ Institute of Chartered Accountant of India/ Institute of Company Secretary/ State Legislative Assembly.

Registration Process for the Intermediate Course

  • A candidate should have done his 12th standard or passed the ICAI Foundation course.
  • Candidates who have done their graduation in any discipline except in Fine Arts are also eligible to apply for the Intermediate course.

How To Apply

  • Candidate can apply for registration by getting the application form for the Foundation Course.
  • Candidate should submit along with the application form attested copy of the 10th certificate, 12th certificate and mark sheet or attested copy of the Graduation.
  • He should also give his recent photograph along with the application form.

Registration Process for the Final Course

  • Those candidates who have completed their Intermediate course becomes eligible for registration in the Final Course.
  • Candidate should submit his 10th and 12th mark sheet and certificate, photograph, age proof, signature specimen and ICAI or CMA Intermediate Pass certificate along with the application form.
  • The duly filled in application form should be sent at the Postal address of the Regional Centres of ICAI.

CMA Exam Important Dates

Student should get himself registered as per the following dates for the Foundation Course -

Month of Foundation Registration

 Date of Registration

March

31st October

June

31st January

September

30th April

December

31st July

The registration for the Intermediate and Final course can be done as follows –

Month of Intermediate/ Final Registration

Date of Registration

For June Examination

31st January

For December Examination

31st July

F.A.Q

Q. If ICAI and CMA are different?

They are same.

Q. Who is eligible to apply for the enrollment in the Foundation course?

Candidates after passing their 10th exams are eligible to get enrolled for the Foundation Course but on provisional basis. A candidate should convert his status into Regular only after passing the 12th standard.

Q. Who is eligible to apply for the Intermediate course of CMA?

Candidate who has completed the CMA foundation course or has passed the 12th exams or has done graduation is eligible to get enrolled for the Intermediate Course.

Q. What is the registration fee for the Foundation course of CMA?

The Registration fee is Rs.4000.

Q. What is the registration fee for the Intermediate Course of CMA?

The registration fee is Rs. 20,000.

Q. What is the provisional period for conversion of status to Regular for Foundation Course?

The given period of conversion is 36 months.

Q. What is the provisional period for conversion of status to Regular for Intermediate Course?

The given period of conversion is 18 months.