CMA Inter Overview
CMA (Certified Management Accountant) certification is a professional credential that can be earned in the advanced management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics, the skills most in demand on finance teams around the world.
- To develop the area of management accounting as a recognized profession by identifying the role of the management accountant in the field of risk management, internal decision making, planning and cost management, budgeting etc.
- To administer a certification designed to validate competence and practical skills of accountants employed by today’s dynamic business entities.
- To set minimum
criteria inmeasuring academic standards in the field of management accounting.
- To embolden management accountants to keep abreast of the changing conditions in the global business environment and pursue continuing professional development.
Intermediate Course: INR 15,700/-
Intermediate Program- 12 months
To be fully certified, you must have 2 continuous years of professional experience.
And as a CMA you need to maintain your license with active IMA membership and 30 hours (including two in ethics training) of CPE credits annually.
CMA Inter Course Syllabus
GROUP – I
1 – Financial Accounting
Sec-A: Accounting – Basics
Fundamentals of Accounting
Accounting for Special Transactions
Sec-B: Preparation of Financial Statements
Preparation of Final Accounts of Profit Oriented organizations, Non-Profit
Organizations and from Incomplete Records.
Sec-C: Self Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts.
Royalties, Hire-Purchase and Installment System
Branch and Departmental Accounts
Sec-D: Accounting in Computerized Environment and Accounting Standards
Overview of Computerized Accounting
Accounting Standards (Specified only)
6 – LAWS AND ETHICS
Sec A: Commercial Laws
Indian Contract Act, 1872
Sale of Goods Act, 1930
Negotiable Instruments Act, 1881
Indian Partnership Act, 1932
Limited Liability Partnership Act, 2008
Sec B: Industrial Laws
Factories Act, 1948
Payment of Gratuity Act, 1972
Employees Provident Fund Act, 1952
Employees State Insurance Act, 1948
Payment of Bonus Act, 1965
Minimum Wages Act, 1948
Payment of Wages Act, 1936
Sec C: Corporate Law
Companies Act 2013
Sec D: Ethics
7 – DIRECT TAXATION
SECTION – A: INCOME TAX ACT BASICS
Introduction to Income Tax Act, 1961
Income which does not form part of Total Income (Section 10, 11 to 13A)
SECTION – B: HEADS OF INCOME AND COMPUTATION OF TOTAL INCOME AND TAX
Heads of Income and Computation of Total Income under various heads.
Clubbing Provisions, Set off and Carry forward of Losses, Deductions.
Assessment of Income of different persons.
TDS, TCS and Advance Tax.
SECTION C: ADMINISTRATIVE PROCEDURES AND ICDS
Income computation and disclosure standards – Basic Concepts only
8 – COST ACCOUNTING
Introduction to Cost
Cost Ascertainment – Elements of Cost
Cost Accounting Standards
Methods of Costing 30%
Cost Accounting Techniques
GROUP – II
9 – OPERATIONS MANAGEMENT & STRATEGIC MANAGEMENT
Section – A: Operations Management
Operations Management – Introduction
Designing of operational systems and control
Production planning and control
Productivity management and quality management
Economics of Maintenance and spares management
Section – B: Strategic Management
Strategic Management Introduction
Strategic Analysis and Strategic Planning
Formulation and Implementation of Strategy
10 – COST & MANAGEMENT ACCOUNTING AND FINANCIAL MANAGEMENT
Section A: Cost & Management Accounting
Cost and Management Accounting – Introduction
Decision Making Tools
Budgeting and Budgetary Control
Standard Costing and Variance Analysis
Section B: Financial Management
Introduction to Financial Management
Tools for Financial Analysis and Planning
Working Capital Management
Cost of Capital, Capital Structure Theories, Dividend Decisions and
Capital Budgeting – Investment Decisions
11 – INDIRECT TAXATION
Canons of Taxation – Indirect Tax
Customs Law 15%
Service Tax 30%
Central Sales Tax and VAT
12 – COMPANY ACCOUNTS AND AUDIT
Section A: Accounts of Joint Stock Companies
Accounting of Shares and Debentures
Presentation of Financial Statements (as Per Schedule III)
Cash Flow Statement
Accounts of Banking, Electricity and Insurance Companies
Accounting Standards (AS-11, 12, 15, 16, 17, 18 and 19)
Section B: Auditing
Provision relating to Audit under Companies Act