ICMAI CMA 2021 (ICWAI): Exam Dates, Foundation, Intermediate, and Final Exams in December

CMA Exam

Want to get hired by big organizations like Public Sector Undertakings, Insurance, Electricity, Banking Companies, Public/Private Limited Companies, Infrastructure Companies and Manufacturing and Service Industries as a Cost and Management Accountant? If yes, you must clear the ICMAI CMA exam. The national level exam is conducted by the Institute of Cost Accountants of India (ICAI), previously known as the Institute of Cost & Works Accountants of India (ICWAI). The exam is generally conducted twice a year in June and December. For more details about the eligibility, pattern, syllabus, important dates, etc. for the ICAI CMA exam 2021, check out the complete article.

After completing a CMA programme, a candidate can work in the following areas:

  • Academia-as Faculties
  • Auditing, Internal Control
  • Financial/Business Analyst, Systems Analysis & System Management
  • Cost Accounting, Financial Management
  • Implementing Business Intelligence Systems
  • Process Analysis in BPO Houses
  • ERP Implementation

Three Stages of Cost and Management Accountant –

To become a CMA, candidates must appear in all the three stages of Cost and Management Accountant by the Institute of Cost Accountants of India.

  • CMA Foundation Examination
  • CMA Intermediate Examination
  • CMA Final Examination

ICAI invites applications for the Foundation and Intermediate examinations throughout the year. As mentioned above, for the year 2020, candidates can submit their applications before 10th October 2020.

ICWAI CMA 2021 Latest Updates – ICWAI completed the application process on 10th February 2021. The CMA Foundation exam is scheduled for 12th June 2021. And, the Intermediate and Final exams (June session) will be conducted from 11th to 18th June 2021. The exam will be conducted through home-based online mode.

Last year, the June and December session exams were merged due to COVID-19. The ICMAI CMA exam was conducted from 3rd to 10th January 2021.

NOTE: UGC has recently announced that the ICWAI courses will be treated equivalent to a postgraduate degree.

ICWAI/ ICMAI CMA 2021 - Overview

Name of Exam

ICWAI/ ICMAI CMA

Exam Conducting Authority

Institute of Cost Accountants of India

Year

2021

Purpose

To pursue CMA courses –

Foundation, Inter and Final

Mode of Exam

Offline

Application Mode

Online

Eligibility

10+2 pass

Official Website

http://icmai.in/

Exam Date

12th June 2021 (Foundation Exam)

11th to 18th June 2021 (Intermediate and Final Exam)


Available Application Forms

CMA Exam 2021 Important Dates

Registrations for the Foundation and Intermediate courses are open throughout the year. The last dates for registration are as under:

  • Last date for Registration (June Session) - 31st January of the exam year
  • Last date for Registration (December Session) - 31st July of the exam year

The important dates for different examinations are:

Exam Events (June Session)

Important Dates

Last date for registration

10th February 2021 (extended for 2021)

Foundation Exam

12th June 2021

Intermediate and Final Exam

11th to 18th June 2021

Exam Schedule

The exam schedule will be announced later on the official website.


CMA Exam 2021 Pattern & Syllabus

ICMAI Foundation Course –

Section-wise marks distribution for each paper is as under:

Foundation Course - Paper-1 (Fundamentals of Economics & Management)

Sections

Topics

Weightage

Section A - Fundamentals of Economics

Basic concepts of Economics

20 marks

Forms of Market

20 marks

Money and Banking

10 marks

Section B - Fundamentals of Management

Management Process

50 marks

TOTAL

 

100 marks

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Foundation Course - Paper-2 (Fundamentals of Accounting)

Sections

Topics

Weightage

Section A: Fundamentals of Financial Accounting

Accounting Fundamentals

35 marks

Accounting for Special Transations

20 marks

Preparation of Final Accounts

25 marks

Section B: Fundamentals of Cost Accounting

Fundamentals of Cost Accounting

20 marks

TOTAL

 

100 marks

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Foundation Course - Paper-3 (Fundamentals of Laws & Ethics)

Sections

Topics

Weightage

Section A: Fundamentals of Commerical Laws

Indian Contracts Acts, 1872

40 marks

Sales of Goods Act, 1930

20 marks

Negotiable Instruments Act, 1881

10 marks

Section B: Fundamentals of Ethics

Ethics and Business

30 marks

TOTAL

 

100 marks

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Foundation Course - Paper-4 (Fundamentals of Business Mathematics and Statistics)

Sections

Topics

Weightage

Section A: Fundamentals of Business Mathematics

Arithmetic

20 marks

Algebra

20 marks

 

Statistical Representation of Data

10 marks

Section B: Fundamentals of Business Statistics

Measures of Central Tendency and Dispersion

30 marks

Correlation and Regression

10 marks

Probability

10 marks

TOTAL

 

100 marks

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ICMAI Intermediate Course –

ICWAI Intermediate Course comprises two groups (Group I and group II), covering 4 papers. Group-I comprises Financial Accounting (Paper V), Laws & Ethics (Paper VI), Direct Taxation (Paper VII) and Cost Accounting (Paper VIII). Group-II covers Operations Management & Strategic Management (Paper IX), Cost & Management, Accounting and Financial Management (Paper X), Indirect Taxation (Paper XI) and Company Accounts & Audit (Paper XII).

ICMAI Final Course –

The Final Course has two groups (Group III and Group IV). Each group has 4 papers.

Group III: Corporate Laws & Compliance (Paper XIII), Strategic Financial Management (Paper XIV), Strategic Cost Management – Decision Making (Paper XV) and Direct Tax Laws and International Taxation (Paper XVI)

Group IV: Corporate Financial Reporting (Paper XVII), Indirect Tax Laws & Practice (Paper XVIII), Cost & Management Audit (Paper XIX) and Strategic Performance Management and Business (Paper XX)

ICWAI CMA Course Subjects –

ICMAI CMA has 20 subjects in all three stages. They are –

ICMAI CMA Foundation –

  • Paper I: Fundamentals of Economics and Management
  • Paper II: Fundamentals of Accounting
  • Paper III: Fundamentals of Laws and Ethics
  • Paper IV: Fundamentals of Business Mathematics & Statistic

ICMAI CMA Intermediate –

  • Paper V: Financial Accounting
  • Paper VI:  Laws, Ethics and Governance
  • Paper VII: Direct Taxation
  • Paper VIII: Cost accounting and financial management
  • Paper IX: Operation Management Information System
  • Paper X: Cost and Management Accounting
  • Paper XI: Indirect Taxation
  • Paper XII: Company Accounts & Audit

ICMAI CMA Final –

  • Paper XIII: Corporate Laws and Compliance
  • Paper XIV: Advanced Financial Management
  • Paper XV: Business Strategy & Strategic Cost Management
  • Paper XVI: Tax Management and Practice
  • Paper XVII: Strategic Performance Management
  • Paper XVIII: Corporate Financial Reporting
  • Paper XIX: Cost and Management Audit
  • Paper XX: Financial Analysis & Business Valuation


CMA Exam 2021 Eligibility

Eligibility for ICWAI CMA 2021 Foundation –

  • Must have completed 10th or equivalent from a recognised institute or Board
  • Or, should have done 10+2 or equivalent from a recognised Board
  • Or, must have held a certificate in National Diploma in Commerce by All India Council for Technical Education
  • Or, must have passed the Diploma in Rural Service Examination by the National Council of Higher Education

Eligibility for ICWAI CMA Intermediate (Inter) –

  • 10+2 (Senior Secondary School Examination) and must have completed Foundation Course from ICMAI (the Institute of Cost Accountants of India)/ a bachelor’s degree in any discipline (other than Fine Arts) from recognised University/ should have done Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I exam and Competency Level Part II exam of CAT of the Institute
  • The candidates should have cleared Foundation of ICSI/ Intermediate of ICMAI with 10+2

Eligibility for ICWAI CMA Final –

  • Senior Secondary School Examination (10+2) and Foundation Course of ICWAI/ Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I exam and Competency Level Part II exam of CAT of the Institute/ Graduation in any discipline other than Fine Arts
  • Must have passed Foundation of ICSI/ Intermediate of ICWAI with 10+2

CMA Exam 2021 Application Process

The Institute of Cost Accountants of India invites applications from eligible and interested candidates online. Students must complete the application form submission process till 10th February 2021. The form needs to be filled in online and the application fees must be remitted through online mode. Candidates opting for foreign centres must complete the process offline.

Steps to Complete CMA Foundation 2021 Registration –

  • Visit the authorised website (www.icmai.in)
  • Select the link ‘Students Portal’
  • Click on the ‘Online Examination Form’
  • Look for the icon ‘Students
  • Click on the icon and get directed to another page. Here, under the section ‘Activities’ candidates are required to select ‘Online Application Form’
  • From the drop-down menu, select ‘Foundation’ course
  • Now, apply online, provide all important details after reading the instructions, upload documents, remit the application fee and submit the form

Note: Keep all the log-in credentials for future reference. They are application number, email ID, registration number, mobile number and DOB. Documents to be enclosed with the application form are attested copy of the 10th certificate, 10+2 certificate and 3 passport-size photos.

CMA Intermediate Registration –

  • Get an application form for the Foundation Course and apply for registration
  • Submit the application form along with the attested copy of the 10th certificate, 12th certificate and mark sheet or attested copy of Graduation
  • Attach recent photograph along with the application form

CMA Final Registration –

  • Candidates after completing ICMAI CMA 2021 Intermediate course become eligible for Final Course registration
  • Documents required to be submitted - Class 10th and 12th mark sheet and certificate, photograph, age proof, signature specimen and ICAI or CMA Intermediate Pass certificate
  • The duly filled in application form should be sent at the Postal address of the Regional Centres of ICAI

Things Required during Registration -

Candidates need to keep the following details beforehand while completing the registration process.

  • Address, email ID and mobile number
  • Attachment documents:
  1. Scanned image of passport size photo in JPEG/ JPG format
  2. Signature in JPEG/ JPG format
  3. Age proof in PDF format (600 kb)
  4. Academic qualification certificates in PDF format (600 kb)

ICMAI CMA 2021 Application Fee –

Courses

Fees Amount

Foundation Course

₹ 1200/-

Intermediate Course (1st Group)

₹ 1200/-

Intermediate Course (2nd Group)

₹ 2400/-

Final Course (1st Group)

₹ 1400/-

Final Course (2nd Group)

₹ 2800/-

Application Fee for Foreign Students –

Particulars

Foundation

Intermediate

Final

Admission/ Registration/ Enrolment

$250

$1100

$800

Qualification based subject Exemption (For Engineers and graduating Engineers, CS and LLBs)

Not applicable

$100 per subject

$ per subject

Computer Training Exemption Fee

Not Applicable

$600

Not Applicable

Additional 50 hours computer training exemption fee

Not Applicable

Not Applicable

$340

Communication and Soft Skill Training Exemption Fee

Not Applicable

$100

Not Applicable

IOTP Exemption Fee

Not Applicable

Not Applicable

$130

Registration Denovo

Not Applicable

$40

$40

Coaching Revalidation Single group Both groups

Not Applicable

$40

$80

$50

$100

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As per the fee structure section of ICMAI Information Bulletin, “Students registered in India under  any Regional Council/ Chapter/ Recognized Oral Coaching Centres, but now residing outside India for the purpose of employment or otherwise, shall also be eligible to claim exemption from CSS and/or Computer Training (for Intermediate), IOTP (for Final), provided they apply to the  Directorate  of  Studies, along with the prescribed fees, as applicable to a Foreign Student, within the prescribed time limit.


Other Details

ICMAI CMA Exam Centres –

The Institute of Cost of Accountants of India will organise the Foundation, Inter and Final examinations in the following cities.

A: Agra, Adipur-Kachchh (Gujarat), Agartala, Akurdi, Asansol, Ahmedabad, Allahabad, Aurangabad

B: Baroda, Bangalore, Berhampur (Ganjam), Bhilwara, Bhilai, Bhopal, Bhubaneswar, Bewar City (Rajasthan), Bilaspur, Bokaro

C: Calicut, Chandigarh, Coimbatore, Chennai, Cuttack

D: Delhi, Dhanbad, Duliajan (Assam), Dehradun, Durgapur

E: Erode, Ernakulam

F: Faridabad

G: Ghaziabad, Guwahati, Guntur

H: Hazaribagh,  Haridwar, Howrah, Hyderabad

I: Indore

J: Jabalpur, Jaipur, Jamshedpur, Jalandhar, Jammu, Jodhpur

K: Kannur, Kalyan, Kanpur, Kolkata, Kolhapur, Kottakkal (Malappuram), Kota, Kottayam

L: Ludhiana, Lucknow

M: Mangalore, Madurai, Mysore, Mumbai

N: Naihati, Nagpur, Neyveli, Nasik, Nellore, Noida

P: Palakkad, Patiala, Panaji (Goa), Pondicherry, Patna, Pune, Port Blair

R: Rajahmundry, Raipur, Rourkela, Ranchi

S: Salem, Shillong, Sambalpur, Solapur, Siliguri, Surat, Srinagar

T: Trivandrum, Thrissur, Tirunelveli, Tiruchirapalli

U: Udaipur

V: Vindhyanagar, Vapi, Vellore, Vashi, Vijayawada

W: Waltair

Overseas Exam Centres –

The Institute also organises the examination outside India for foreign students. The overseas centres are Bahrain, Dubai and Muscat.

ICMAI CMA 2021 Admit Card –

The ICMAI CMA admit card 2021 is a mandatory possession to appear in the examination. The hall ticket of CMA examination 2021 will not be available in offline mode. Students can get it downloaded from the official website by selecting the course and providing the registration number. The admit card will have the following details on it –

  • Candidate’s name
  • Photo and signature
  • Exam centre address and code name
  • Roll number
  • Registration number
  • Group

ICWAI Result 2021 –

The date of the ICMAI CMA result 2021is not announced yet. The results will be declared on the authorised website of ICWAI CMA. To see the results –

  • Visit the official web portal
  • Choose the Examination tab and click on ‘Result’
  • Enter the log-in details to ‘View Result’
  • Download the result and take a printout

ICMAI CMA 2021 Frequently Asked Questions (FAQs)

Q: I’ve done 12th in 2019. Am I eligible for the 2021 June Term examination to pursue the ICMAI course?

A: Yes, you are eligible to pursue the course. However, you need to clear the entrance examination. The Institute of Cost Accountants of India conducts the exam twice a year – June Term Examination and December Term Examination.

Q: What is the minimum academic condition to appear in the test?

A: 10+2 pass

Q: When will the application form be available for the June Term Examination?

A: The application forms are available throughout the year. The last date for registration was extended till 10th February 2021.

Q: Will the application form be available only in online mode?

A: Yes. The mode of application is online, while the mode of exam is offline.

Q: Hello, my name is Om Prakash. I’ve cracked CA CPT. Do I need to appear in the ICWAI CMA Foundation course?

A: Not needed. You can skip the Foundation Course exam.

Q: Can I be briefed about the exam pattern and syllabus?

A: Please refer to the above section.

Q: I’m residing outside India. Where can I give the test outside India? Also, I wish to know the application fee.

A: The Institute organises the examination outside India for foreign students. The overseas centres are Bahrain, Dubai and Muscat.

The application fee for the Foundation course is $250, for the Intermediate course is $1100 and for the Final is $800. For details, read the application fee section above.

Q: When will ICMAI/ ICWAI CMA result 2021 (June term) be declared?

A: There is no update on the result announcement date yet.


3 Comments

venkatesh
May 18, 2019
how to send specimen signature for registration
Exams Planner
May 31, 2019
By post in the format prescribed by the institute. Check out the official website for the same.
NIKHILESH MONDAL
May 10, 2019
HOW MANY TOTAL MARKS OF PERCENTAGE B.COM HONS
Exams Planner
May 14, 2019
There is no percentage required.
shamshuddin
March 15, 2019
What is the duration of ICWA course
Exams Planner
March 18, 2019
The course is of 3 to 3.5 years duration.