ICMAI/ ICWAI CMA Exam 2019: Exam Dates, Eligibility, Application Process, Syllabus

CMA Exam

Want to get hired by big organisations 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 2019. The national level exam is conducted by the Institute of Cost Accountants of India, previously known as the Institute of Cost & Works Accountants of India (ICWAI). Job opportunities for Cost and Management Accountant (CMA) include –

  • 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. For June Term Exam, candidates can complete the application process by 31st January. For December Term Exam, the deadline is 31st July.

ICWAI CMA 2019 Latest Updates – The Institute of Cost Accountants of India has released the ICMAI CMA Admit Card 2019 for the appearing candidates of the foundation, intermediate and final exam 2019. According to official dates, ICMAI carried out exams for foundation course from 10th to 13th December 2019, while Intermediate and Final exam will be held from 10th to 17th December 2019.

ICWAI/ ICMAI CMA Overview 2019

Name of Exam


Exam Conducting Authority

Institute of Cost Accountants of India




To pursue CMA courses –

Foundation, Inter and Final

Mode of Exam


Application Mode



10+2 pass

Official Website


 Exam Date

June 2019


CMA Exam 2019 Important Dates

June Term Examination Dates

ICAI CMA 2019 Events

Foundation Exam (Tentative)

Intermediate/ Final Exams (Tentative)

Last date to complete registration



Issuance of admit card



Exam commences

June 2019

June 2019

Result declaration

August 2019

August 2019

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December Term Examination Dates

ICMAI CMA 2019 Events

Foundation Exam (Tentative)

Intermediate/ Final Exams (Tentative)

Last date to complete registration



Issuance of admit card



Exam commences

December 2019

December 2019

Result declaration

February 2019

February 2019

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CMA Exam 2019 Pattern & Syllabus

ICMAI Foundation Course –

The Foundation Course exam will be held in offline mode (pen and paper-based), which needs descriptive answers. There will be 4 papers such as –

  • Fundamentals of Economics & Management (Paper I)
  • Fundamentals of Accounting (Paper II)
  • Fundamentals of Laws & Ethics (Paper III)
  • Fundamentals of Business Mathematics & Statistics (Paper IV)

Each paper will carry 100 marks. The duration of each paper is 180 minutes.

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 too 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)

CMA Exam 2019 Eligibility

Eligibility for ICWAI CMA 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 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 2019 Application Process

The Institute of Cost Accountants of India invites applications from the eligible and interested candidates online. Students must complete the application form submission process for Foundation as well as Intermediate courses before 31st January 2019. 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.

Step-by-Step to Complete CMA Foundation 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 application form are attested copy of 10th certificate, 10+2 certificate and 3 passport-size photos.

CMA Intermediate Registration –

  • Get 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 marksheet or attested copy of Graduation
  • Attach recent photograph along with the application form

CMA Final Registration –

  • Candidates after completing ICMAI CMA 2019 Intermediate course become eligible for Final Course registration
  • Documents required to be submitted - Class 10th and 12th marksheet 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)

Application Fee –

Course Admission

Fees (Oral)

Fees (Postal)

Foundation Course

₹ 4,000/-

₹ 4,000/-

Intermediate Course

₹ 20,000/-

₹ 20,000/-

Final Course

₹ 17,000/-

₹ 17,000/-

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Application Fee for Foreign Students –





Admission/ Registration/ Enrolment




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


Not Applicable

Additional 50 hours computer training exemption fee

Not Applicable

Not Applicable


Communication and Soft Skill Training Exemption Fee

Not Applicable


Not Applicable

IOTP Exemption Fee

Not Applicable

Not Applicable


Registration Denovo

Not Applicable



Coaching Revalidation Single group Both groups

Not Applicable





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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

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


  • 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

ICMAI CMA 2019 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 2019 Admit Card –

The ICMAI CMA admit card 2019 is a mandatory possession to appear in the examination. The hall ticket of CMA examination 2019 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 in it –

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

ICWAI Result 2019 –

The probable date of the ICMAI CMA result 2018 (December term) is 21st February 2019. 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

ICWAI CMA 2019 Frequently Asked Questions (FAQs)

Q: I’ve done 12th in 2017. Am I eligible for 2019 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 official announcements are yet to be made. Well, the last date to fill and submit the form would be 31st July.

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

Q: When will ICMAI/ ICWAI CMA result 2018 (December term) be declared?

A: Probable date of publication of result: 21st February 2019.


venkatesh - May 18, 2019REPLY

how to send specimen signature for registration

Exams Planner - May 31, 2019REPLY

By post in the format prescribed by the institute. Check out the official website for the same.



Exams Planner - May 14, 2019REPLY

There is no percentage required.

shamshuddin - March 15, 2019REPLY

What is the duration of ICWA course

Exams Planner - March 18, 2019REPLY

The course is of 3 to 3.5 years duration.