CMA Syllabus 2026: Download Latest Syllabus PDF

Certified Management Accountant 2026 ( CMA )

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CMA June 2026 Inter & Final Exam

11 Jun '26 - 18 Jun '26

Nupur Jain
Updated on Jun 3, 2026 13:04 IST

By Nupur Jain, Senior Executive - Editorial

Overview

The Institute of Cost Accountants of India (ICMAI) has released the CMA 2026 syllabus for all three levels - Foundation, Intermediate and Final, at icmai.in. ICMAI is following the CMA syllabus last prescribed in 2022. Students preparing for CMA exam 2026 must know the topics included in each paper of CMA levels to know what to study for the examinaton. Scroll down for more information on CMA syllabus for Foundation, Intermediate and Final courses.

Table of contents
  • CMA Syllabus 2026
  • CMA Foundation Paper-wise Syllabus
  • CMA Intermediate Paper-wise Syllabus
  • CMA Final Paper-wise Syllabus
  • CMA Exam Pattern 2026
  • CMA Exam Preparation Strategy
  • FAQs on CMA Syllabus 2025
View More
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CMA Syllabus 2026

The official CMA syllabus PDF for Foundation, Intermediate and Final courses have been released by the Institute of Cost Accountants of India. The syllabus includes chapters and their topics for all papers of the course. There are 4 papers in CMA Foundation exam, 8 papers in CMA Intermediate exam and 8 papers in CMA Final exam. Students preparing for the upcoming session must download CMA syllabus PDF to begin their preparation.

Download Free PDF for CMA Syllabus:

CMA Foundation Syllabus PDF

CMA Intermediate Syllabus PDF

CMA Final Syllabus PDF

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Commonly asked questions
Q:   Is it easy to crack CMA exam?
A: 

CMA exam is usually considered difficult to crack in one attempt. However, if a candidate is diligent with his/her preparation and practices mock exams, past papers and sample papers thoroughly before exam, their chances of passing the exam increases.

Q:   Has ICMAI released CMA June 2026 exam dates?
A: 

Yes, ICMAI has released exam dates for CMA June exam 2026. The CMA June 2026 Inter and Final exams will be conducted between June 11 and June 18, 2026. CMA June 2026 Foundation exam will be held on June 14.

Q:   Can I take CMA exam two times in a year?
A: 

CMA exam is conducted twice a year - June and December. The Institute of Cost Accountants of India allows candidates to appear for the exam twice in a year, provided they fill and submit the exam form before last date for both sessions.

 

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CMA Foundation Paper-wise Syllabus

The CMA Foundation course syllabus is broadly divided into four fundamental courses. The topics under the CMA Foundation exam syllabus stated by ICWAI or ICAI are as follows:

CMA Foundation Paper Topics
PAPER 1: Fundamentals Of Business Laws and Business Communication (FBLC)

Section A: Fundamentals of Business Laws

  • Introduction
  • Indian Contracts Act, 1872
  • Sale of Goods Act, 1930
  • Negotiable Instruments Act,1881

Section B: Business Communication

  • Business Communication
PAPER 2: Fundamentals Of Financial and Cost Accounting (FFCA)

Section A: Fundamentals of Financial Accounting

  • Accounting Fundamentals
  • Accounting for Special Transactions
  • Preparation of Final Accounts

Section B: Fundamentals of Cost Accounting

  • Fundamentals of Cost Accounting
PAPER 3: Fundamentals Of Business Mathematics and Statistics (FBMS)

Section A: Fundamentals of Business Mathematics

  • Arithmetic
  • Algebra
  • Calculus - Application in Business

Section B: Fundamentals of Business Statistics

  • Statistical Representation of Data
  • Measures of Central Tendency and Dispersion
  • Correlation and Regression
  • Probability
  • Index Numbers and Time Series
PAPER 4: Fundamentals Of Business Economics and Management (FBEM)

Section A: Fundamentals of Business Economics

  • Basic Concepts
  • Forms of Market
  • Money and Banking
  • Economic and Business Environment

Section B: Fundamentals of Management

  • Fundamentals of Management
Q&A Icon
Commonly asked questions
Q:   Is CMA more difficult than CA?
A: 

CA is usually considered tougher than CMA if we consider the volume of syllabus and study. Also, the pass rate for CA exam is lower than that for CMA exam.

Q:   Where can I find CMA syllabus?
A: 

Candidates can find the CMA syllabus on the official website. Candidates can also find the CMA syllabus on the shiksha's CMA syllabus webpage (https://www.shiksha.com/accounting-commerce/accounting/cma-exam-syllabus)

Q:   What is the syllabus for CMA Foundation exam?
A: 

CMA Foundation exam has four subject papers, namely

  1. Business Economics and Management (FBEM)
  2. Business Lawns and Business Communication (FBLC)
  3. Business Mathematics and Statistics (FBMS)
  4. Financial and Cost Accounting (FFCA)
View Syllabus
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CMA Intermediate Paper-wise Syllabus

CMA Intermediate course has two groups. Check group wise CMA Intermediate syllabus below:

CMA Intermediate Paper Topics
CMA Intermediate Course Group - I
PAPER 5: Business Laws and Ethics (BLE)

Section A: Commercial Laws

  • Introduction to Law and Legal System in India
  • Indian Contracts Act, 1872
  • Sale of Goods Act, 1930
  • Negotiable Instruments Act, 1881
  • Indian Partnership Act, 1932
  • Limited Liability Partnership Act, 2008

Section B: Industrial Laws

  • Factories Act, 1948
  • Payment of Gratuity Act, 1972
  • Employees Provident Fund and Miscellaneous Provisions Act,
    1952
  • Employees State Insurance Act, 1948
  • The Code on Wages, 2019

Section C: Corporate Laws

  • Companies Act, 2013

Section D: Business Ethics

  • Business Ethics and Emotional Intelligence
PAPER 6: Financial Accounting (FA)

Section A: Accounting Fundamentals

  • Accounting Fundamentals

Section B: Accounting for Special Transactions

  • Bills of Exchange, Consignment, Joint Venture

Section C: Preparation of Financial Statements

  • Preparation of Final Accounts of Commercial Organisations, Not-for-Profit Organisations and from Incomplete Records

Section D: Partnership Accounting

  • Partnership Accounting

Section E: Lease, Branch and Departmental Accounts etc.

  • Lease Accounting 
  • Branch (including Foreign Branch) and Departmental Accounts
  • Insurance Claim for Loss of Stock and Loss of Profit
  • Hire Purchase and Installment Sale Transactions

Section F: Accounting Standards

  • Accounting Standards
PAPER 7: Direct and Indirect Taxation (DITX)

Section A: Direct Taxation

  • Basics of Income Tax Act
  • Heads of Income
  • Total Income and Tax Liability of Individuals & HUF

Section B: Indirect Taxation

  • Concept of Indirect Taxes
  • Goods and Services Tax (GST) Laws
  • Customs Act & Rules
PAPER 8: Cost Accounting (CA)

Section A: Introduction to Cost Accounting

  • Introduction to Cost Accounting
  • Cost Ascertainment – Elements of Cost
  • Cost Accounting Standards (CAS 1 to CAS 24)
  • Cost Book Keeping

Section B: Methods of Costing

  • Methods of Costing

Section C: Cost Accounting Techniques

  • Cost Accounting Techniques
CMA Intermediate Course Group - II
PAPER 9: Operations Management and Strategic Management (OMSM) 

Section A: Operations Management

  • Introduction
  • Operations Planning
  • Designing of Operational Systems and Control
  • Application of Operation Research - Production Planning and Control
  • Productivity Management and Quality Management
  • Project Management, Monitoring and Control
  • Economics of Maintenance and Spares Management

Section B: Strategic Management

  • Introduction
  • Strategic Analysis and Strategic Planning
  • Formulation and Implementation of Strategy
  • Digital Strategy
PAPER 10: Corporate Accounting and Auditing (CAA)

Section A: Corporate Accounting

  • Accounting for Shares and Debentures
  • Preparation of the Statement of Profit and Loss and Balance Sheet (As Per Schedule III of Companies Act, 2013)
  • Cash Flow Statement
  • Accounts of Banking, Electricity and Insurance Companies
  • Accounting Standards

Section B: Auditing

  • Basic Concepts of Auditing
  • Provisions Relating to Audit under Companies Act, 2013
  • Auditing of Different Types of Undertakings
PAPER 11: Financial Management and Business Data Analytics (FMDA) 

Section A: Financial Management

  • Fundamentals of Financial Management
  • Institutions and Instruments in Financial Markets
  • Tools for Financial Analyses
  • Sources of Finance and Cost of Capital
  • Capital Budgeting
  • Working Capital Management
  • Financing Decisions of a Firm

Section B: Business Data Analytics

  • Introduction to Data Science for Business Decision-making
  • Data Processing, Organisation, Cleaning and Validation
  • Data Presentation: Visualisation and Graphical Presentation
  • Data Analysis and Modelling
PAPER 12: Management Accounting (MA)

Section A: Introduction to Management Accounting

  • Introduction to Management Accounting

Section B: Activity Based Costing

  • Activity Based Costing

Section C: Decision Making Tools

  • Marginal Costing
  • Applications of Marginal Costing in Short Term Decision Making
  • Transfer Pricing

Section D: Standard Costing and Variance Analysis

  • Standard Costing and Variance Analysis

Section E: Forecasting, Budgeting and Budgetary Control

  • Forecasting, Budgeting and Budgetary Control

Section F: Divisional Performance Measurement

  • Divisional Performance Measurement

Section G: Responsibility Accounting

  • Responsibility Accounting

Section H: Decision Theory

  • Decision Theory
Q&A Icon
Commonly asked questions
Q:   What is the ideal study time to pass CMA exam?
A: 

Students must give at least 8-10 hours daily for each group of CMA exam for about 3 months to prepare well of the exam.

Q:   What are the test papers for CMA Intermediate course level?
A: 

CMA Intermediate Course Group - I

  • PAPER 5: Business Lawns and Ethics (BLE)
  • PAPER 6: Financial Accounting (FA)
  • PAPER 7: Direct and Indirect Taxation (DITX)
  • PAPER 8: Cost Accounting (CA)

CMA Intermediate Course Group - II

  • PAPER 9: Operations Management and Strategic Management (OMSM) 
  • PAPER 10: Corporate Accounting and Auditing (CAA)
  • PAPER 11: Financial Management and Business Data Analytics (FMDA) 
  • PAPER 12: Management Accounting (MA)
Q:   Is the syllabus for BCom (Hons) and CMA identical?
A: 

CMA syllabus is far more in-depth when it is compared to BCom or MCom. Similarity in the syllabus of B.Com Honours and CMA depends on the major chosen by the candidate in the graduate degree course. CMA does not deal with selective/non-core subjects, including Economics, Marketing, Capital Markets, Statistics, etc. In contrast, CMA course has major accounting subjects, such as Financial Management, Taxation, Law among others. BCom syllabus can only be compared with the CMA Intermediate or CMA Foundation syllabus. On comparing CMA Final syllabus with any other Commerce course, the CMA syllabus is far more thorough.

Candidates choosing a major subject in BCom carefully can help them prepare for a CMA course.

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CMA Final Paper-wise Syllabus

The CMA syllabus for the Final course exam is divided into Group III and Group IV. The topics are of advanced level. Take a look at the topics below. 

CMA Final Paper Topics
Final Course Group – III

PAPER 13: Corporate and Economic Laws (CEL) 

Section A: Corporate Laws

  • The Companies Act, 2013
  • Insolvency and Bankruptcy Code, 2016
  • Corporate Governance and Social Responsibility and Sustainability

Section B: Economic Laws and Regulations

  • SEBI Regulations
  • The Competition Act, 2002
  • Foreign Exchange Management Act, 1999
  • Laws and Regulations related to Banking Sector
  • Laws and Regulations related to Insurance Sector
  • Specific Legal Provisions related to MSME Sector 
  • Laws and Regulations related to Cyber Security and Data Privacy
  • Laws and Regulations related to Anti-Money Laundering
PAPER 14: Strategic Financial Management (SFM)

Section A: Investment Decisions

  • Investment Decisions, Project Planning and Control
  • Evaluation of Risky Proposal for Investment Decisions
  • Leasing Decisions
  • Securitization

Section B: Security Analysis and Portfolio Management

  • Introduction
  • Equity and Bond Valuation and Evaluation of Performance
  • Mutual Funds
  • Portfolio Theory and Practice
  • Asset Pricing Theories
  • Portfolio Performance Evaluation and Portfolio Revision
  • Efficient Market Hypothesis

Section C: Financial Risk Management 

  • Risks in Financial Market
  • Financial Derivatives - Instruments for Risk Management 

Section D: International Financial Management

  • The International Financial Environment
  • Foreign Exchange Market
  • Foreign Exchange Risk Management

Section E: Digital Finance

  • Digital Finance
PAPER 15: Direct Tax Laws and International Taxation (DIT) 

Section A: Direct Tax Laws

  • Assessment of Income and Computation of Tax Liability of Various Entities
  • Tax Management, Return and Assessment Procedure
  • Grievance Redressal
  • Penalties and Prosecutions
  • Business Restructuring
  • Different Aspects of Tax Planning
  • CBDT and Other Authorities
  • E-commerce Transaction and Liability in Special Cases
  • Income Computation and Disclosure Standards (ICDS)
  • Black Money Act, 2015
  • Case Study

Section B: International Taxation

  • Double Taxation and Avoidance Agreements (DTAA) [Sec.90. 90A and 91]
  • Transfer Pricing
  • GAAR
PAPER 16: Strategic Cost Management (SCM)

Section A: Strategic Cost Management for Decision Making

  • Introduction to Strategic Cost Management
  • Quality Cost Management
  • Decision Making Techniques
  • Activity Based Management and Just in Time (JIT)
  • Evaluating Performance

Section B: Quantitative Techniques in Decision Making 

  • Linear Programming
  • Transportation
  • Assignement
  • Game Theory
  • Simulation
  • Network analysis – PERT, CPM
  • Learning Curve
  • Business Application of Maxima and Minima
  • Business Forecasting Models – Time Series and Regression Analysis
  • Introduction to Tools for Data Analytics
Final Course Group – IV

PAPER 17: Cost and Management Audit (CMAD) 

Section A: Cost Audit

  • Basics of Cost Audit
  • Companies (Cost Records and Audit) Rules, 2014 (as amended)
  • Cost Auditor
  • Overview of Cost Accounting Standards and GACAP
  • Cost Auditing and Assurance Standards
  • Cost Audit Programme
  • Cost Audit Documentation, Audit Process and Execution
  • Preparation and Filing of Cost Audit Report

Section B: Management Audit

  • Basics of Management Audit
  • Management Reporting Issues and Analysis
  • Management Audit in Different Functions 
  • Evaluation of Corporate Image
  • Information Systems Security Audit

Section C: Internal Control, Internal Audit, Operational Audit and Other Related Issues

  • Internal Control and Internal Audit
  • Operational Audit and Internal Audit under Companies Act, 2013
  • Audit of Different Service Organisations

Section D: Forensic Audit and Anti-Money Laundering

  • Forensic Audit
  • Anti-Money Laundering
PAPER 18: Corporate Financial Reporting (CFR) 

Section A: Indian Accounting Standards

  • Specific Accounting Standards

Section B: Valuation of Shares, Accounting and Reporting of Financial Instruments and NBFCs

  • Valuation of Shares (Including Determination of Goodwill, Post - Valuation of Tangible and Intangible Assets)
  • Accounting of Financial Instruments
  • NBFCs – Provisioning Norms, Accounting and Reporting

Section C: Accounting for Business Combination and Restructuring (in Compliance with Ind ASs)

  • Accounting for Business Combinations and Restructuring

Section D: Consolidated Financial Statements and Separate Financial Statements (in Compliance with Ind ASs)

  • Consolidated Financial Statements and Separate Financial Statements

Section E: Recent Developments in Financial Reporting

  • Recent Developments in Financial Reporting

Section F: Government Accounting in India

  • Government Accounting in India
PAPER 19: Indirect Tax Laws and Practice (ITLP)

Section A: Goods and Services Tax Act & Rules

  • Supply under GST - A Refresh
  • Time of Supply (Advanced)
  • Place of Supply
  • Valuation (Advanced)
  • Input Tax Credit (Advanced)
  • Zero Rated Supplies and Deemed Exports
  • TDS & TCS under GST
  • E-way Bill
  • GST Refunds- Inverted Duty Structure and Zero-rated Supplies
  • GST Returns
  • Accounts and Records
  • GST Annual Return and GST Audit Return
  • Transition to GST (Transitional Provisions)
  • Dispute Resolution Mechanism under GST
  • Inspection, Search, Seizure, Arrest and Prosecution
  • Anti-profiteering
  • Walkthrough of GSTN Portal

Section B: Customs Act and Rules

  • Valuation and Related Party Transactions
  • Customs Procedures - Baggage & Courier / Post
  • Manufacture in Bond
  • Duty Drawback
  • Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
  • Remission of Duties
  • Refund
  • Trade Facilitation Measures
  • Export Promotion Schemes under Foreign Trade Policy
  • Special Economic Zone Scheme (With Amended SEZ Rules)

PAPER 20: One of the following subjects

PAPER 20A: Strategic Performance Management and Business Valuation (SPMBV)

PAPER 20B: Risk Management in Banking and Insurance (RMBI) 

PAPER 20C: Entrepreneurship and Start Up (ENTS)

Paper 20A:

Section A: Strategic Performance Management

  • Introduction to Performance Management
  • Performance Measurement, Evaluation and Improvement Tools
  • Economic Efficiency of the Firm – Performance Analysis
  • Enterprise Risk Management

Section B: Business Valuation

  • Fundamentals of Business Valuation
  • Laws and Compliance in Business Valuation
  • Business Valuation Methods and Approaches
  • Valuation of Assets and Liabilities
  • Valuation in Mergers and Acquisitions

Paper 20B:

Section A: Risk Management in Banking

  • Introduction to Risk Management
  • Interest Rate Risk and Market Risk
  • Credit Risk and Liquidity Risk
  • Sovereign Risk and Insolvency Risk
  • Operational Risk and Off-Balance Sheet Risk

Section B: Risk Management in Insurance

  • Introduction to Insurance Business
  • Insurance Intermediaries, General Insurance, Health Insurance and Life Insurance
  • Managing Risk in Insurance Business

Paper 20C:

Section A: Entrepreneurial Skill Sets

  • Entrepreneurial Skill Sets

Section B: The Entrepreneurial Eco-system

  • The Entrepreneurial Eco-system

Section C: Idea to Action

  • Idea to Action

Section D: Value Addition 

  • Value Addition

 Section E: Scale up

  • Scalability, Scaling up and Stabilisation of Sustainable Business

Section F: Risk Management Strategies

  • Risk Management Strategies

Section G: Leadership

  • Leadership

Section H: Types of New Age Business

  • Types of New Age Business
Q&A Icon
Commonly asked questions
Q:   How many papers are there in CMA exam?
A: 

CMA exam has three course levels, namely CMA Foundation, CMA Intermediate and CMA Final. CMA Foundation course has four test papers. Candidates need to appear for all four test papers. The Intermediate course of CMA exam have two groups. Candidates appearing for CMA Intermediate exam will have option to appear for both the groups in one exam session. Candidates planning to attempt both groups of CMA Intermediate course have to appear for eight test papers. Passing test papers in both the groups of Intermediate course is mandatory. Candidates can appear for one group in one session or both the groups in one session.

Identical to CMA Intermediate, CMA Final course also has two groups with four test papers each. Candidates can choose to appear for the test papers under both the course groups in one session. Passing all the test papers will be mandatory to get the CMA destination. 

Q:   How to clear CMA exam in one attempt?
A: 

To clear CMA Foundation, Inter or Final exam in first attempt, candidates must strengthen their basics, cover syllabus, practice as much as possible, stay away from distraction, attempt full-length mock tests, use smart revision techniques and evaluate their progess weekly or monthly.

Q:   What are the test papers included in CMA Final course level?
A: 

CMA Final exam has two-course groups. Candidates can either appear for a single course group or both course groups in one session. The space below mention the test papers for both the course groups of the CMA Final exam:

Final Course Group - III

  • PAPER 13: Corporate and Economic Lawns (CEL)
  • PAPER 14: Strategic Financial Management (SFM)
  • PAPER 15: Direct Tax Lawns and International Taxation (DIT)
  • PAPER 16: Strategic Cost Management (SCM)

Final Course Group - IV

  • PAPER 17: Cost and Management Audit (CMAD)
  • PAPER 18: Corporate Financial Reporting (CFR) 
  • PAPER 19: Indirect Tax Lawns and Practice (ITLP)
  • PAPER 20: One of the following subjects
    • PAPER 20A: Strategic Performance Management and Business Evaluation (SPMBV)
    • PAPER 20B: Risk Management in Banking and Insurance (RMBI) 
    • PAPER 20C: Entrepreneurship and Start Up (ENTS)
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CMA Exam Pattern 2026

Check below to know CMA exam pattern 2026 for Foundation, Intermediate and Final course:

Exam Features CMA Exam Details 
Mode of CMA exam (All three levels)

Offline Centre-Based Test

Type of questions

CMA Foundation Exam: Multiple Choice Questions (MCQ)

CMA Inter & Final Exam: Descriptive

Total marks in each subject paper 100
Exam Duration

CMA Foundation: 120 minutes

CMA Inter & Final: 180 minutes

Frequency of Exam Twice a Year - June & December
Passing Marks

40% marks in each paper

50% overall aggregate

 

Q&A Icon
Commonly asked questions
Q:   What are the types of questions in the CMA exam?
A: 

The type of questions in the CMA exam varies based on the course level. The space below mentions the course-wise type of questions in the CMA exam based on the course levels:

  • CMA Foundation course exams have multiple choice questions. Candidates have to answer as many as 50 MCQs with four answer options. Out of the four options only one is correct.
  • CMA Intermediate course exam has both objective types questions and descriptive type questions.
  • Similar to the Intermediate level exam, questions in CMA Final course exams are both objective and discriptive. 
Q:   What is the mode of CMA exam?
A: 

CMA exam is conducted at three course levels, namely Foundation, Intermediate and Final. CMA exam for all three course levels are conducted as an offline centre based exam. In the past sessions, ICMAI, the conducting body of the CMA exam, had conducted the Intermediate and Final course exams as an online centre based exam. While the CMA Foundation was conducted as a remotely proctored exam from home. However, the mismanegement in the online exams led ICMAI to shift back to the offline centre based exam.

ICMAI may change the mode of the CMA exams in the upcoming exam sessions. Stay tuned to shiksha's CMA exam pattern article for key developments in the test structure from time to time (https://www.shiksha.com/accounting-commerce/accounting/cma-exam-pattern)

Q:   What is the passing score for the CMA exam?
A: 

The passing score for all three levels of the CMA course levels is the same. Candidates securing a minimum of 40 per cent in all test papers and 50 per cent aggregate score pass the CMA exam. Candidates securing less marks even in one of the subjects will fail the entire group or course level for ICMAI CMA.

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CMA Exam Preparation Strategy

Students planning to appear for the upcoming session of CMA exam must check out below mentioned preparation tips:

  • Make sure to download the latest syllabus and pattern.
  • Prepare a study plan based on the number of days left for the exam.
  • Set weekly and monthly targets and analyze your performance.
  • After 60% of the syllabus is covered, start practicng from previous year papers.
  • Take CMA mock exams regularly after the entire syllabus is covered.
  • Do not compare your preparation level with others as it will only demotivate you.

CMA June 2026 Practice Test Paper

ICMAI has released practice tests for each paper of CMA Foundation, Intermediate and Final exam for June 2026 session. To download and practice papers for better preparation, candidates can follow steps below:

  • Visit official CMA website and look for CMA syllabus portal, or directly open icmai.in
  • Scroll Down and navigate 'Practice Test Paper for June 2026 Term of Examination'.
  • Click on the desired course level - Foundation, Intermediate or Final.
  •  Select the paper and download test paper.
  • Take the practice test paper in exam-like environment and analyze the same.
Q&A Icon
Commonly asked questions
Q:   How many times is CMA exam conducted in one year?
A: 

The Institute of Cost Accountants of India, also known as ICMAI, conducts the CMA exam twice in one year. The two terms of the CMA exam are conducted in December and June sessions. CMA students need to fill the exam form until a specified date to participate in the examination process under a particular exam session.

Candidates who need a new admission in CMA course must fill the regisatration form to enrol themselves to the course. Candidates must enrol themselves until January 31 to appear for CMA exam in June session. On the contrary, to appear for CMA December term exams, candidates need to complete the admission process until July 31. The registration deadlines for the CMA enrolment may or may not extend in a particular exam session.

Q:   What are the maximum marks in CMA exam?
A: 

Maximum marks in the CMA exam is similar irrespective of the course level. Papers under all three course levels have a maximum of 100 marks. Candidates answering all the questions correctly will get 100 marks. In the CMA Foundation eaxam, each exam paper has 50 multiple choice questions. Each question fetches two marks. Whereas, the CMA Intermediate and CMA Final have different marking scheme with descriptive and objective type questions. Marks for each question of Intermediate or Final exam paper ranges from seven marks to 15 marks.

Q:   Will ICMAI conduct CMA thrice?
A: 

ICMAI conducts CMA exam twice a year in June and December term. If ICMAI decides to conduct CMA exam thrice it will be notified on the official website.

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FAQs on CMA Syllabus 2025

Refer to the space below for frequently asked questions on CMA syllabus:

Q:   Who prescribes CMA syllabus?
A: 

The Institute of Cost Accountants of India, the agency that conducts and regulates CMA courses in the country, prescribes the CMA syllabus for all three levels, namely Foundation, Intermediate and Final. The institute, comnmonly known as ICMAI is the sole authority in India for deciding the CMA syllabus, pedagogy, exam, eligibility, fees and CMA certification. When candidates complete the Foundation, Intermediate and Final courses, then the ICMAI offers CMA certification. Only ICMAI certification is considered valid CMA certification in India for practice.

Q:   What is the release date for CMA Foundation June 2026 result?
A: 

According to official notice released by ICMAI, the CMA Foundation result for June 2026 exam will be released the latest by July 09, 2026.

Q:   What is registration fee for CMA Intermediate course?
A: 

The CMA Intermediate course registration fee is INR 23,100. Candidates can pay this amoung in two installments - INR 12,000 at the time of registration, and INR 11,100 before January 31 and July 31 for June and December term exams.

Q:   Which is tougher to study; CMA or CA?
A: 
The difficulty level cannot be measured as it is very subjective. Though the course content of CMA is huge, CA has a very different and difficult question pattern. CMA modules more or less guide you properly as to what kind of questions are asked in the exams but the same is not true when it comes to CA. So, if your criteria of judging difficulty is whether you will be able to pass the exam or not, I guess you got your answer, which is it is really uncertain. Whose scope is better? Well, CAs undoubtedly have a huge market opened for them, the same is not true for a CMA. But again, if you are interested in the course structure of CMA more than that of CA, it is advisable to take up the former.
Q:   Will the CMA syllabus change year to year?
A: 

No, CMA syllabus does not change every year. CMA syllabus was changed in 2016 after 2012. The Institute of Cost Accountants, also known as ICMAI, has recently changed the CMA syllabus in 2022. CMA syllabus goes through a change after every four to five years to move forward with the market trends. For example, GST was not included in the CMA syllabus 2012; however, it is included under inderect taxation of CMA 2022 syllabus.

CMA students need to prepare using the new CMA syllabus prescribed by the ICMAI.

Q:   What is registration fee for CMA Final course?
A: 

Candidates have to pay INR 25,000 as CMA Final course registration fee. ICMAI allows candidates to pay this amount in two installments as follows:

  • 1st Installement: INR 15,000 (at the time of registration)
  • 2nd Installment: INR 10,000 (before January 31 and July 31 for June and December term exams)
Q:   What is registration fee for CMA Foundation course?
A: 

The registration fee for ICMAI CMA foundation course is INR 6,000.

Q:   When will ICMAI CMA admit card be released for June session?
A: 

CMA June admit card will be releases around 10 days before the exam dates. ICAMI does not release the schedule for download of admit card. Therefore, candidates can stay tuned to Shiksha's CMA admit card page to get all updates.

Q:   What is the release date for CMA Intermediate June 2026 result?
A: 

Release date for CMA Inter result for June 2026 exam is August 05, 2026. Candidates who will appear for CMA Inter exam between June 11 and June 18, will be able to check their scores.

Q:   Has ICMAI announced release date for CMA Final June 2026 exam?
A: 

Yes, ICMAI has announced release date for CMA Final exam to be conducted between June 11 and June 18 on its official website. As per the notice, the result will be announced the latest by August 05, 2026.

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Answered a month ago

The Institute of Chartered Accountants of India (ICAI) has announced 301 exam centres across India for the 2026 cycle. In Kerala, centres include:

  • Malappuram (Kottakkal)

  • Kozhikode

  • Thrissur

  • Ernakulam

  • Thiruvananthapuram

  • Kannur

  • Palakkad

  • Kottayam

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Sidhartha Singh

Contributor-Level 10

Answered a month ago

CA is usually considered tougher than CMA if we consider the volume of syllabus and study. Also, the pass rate for CA exam is lower than that for CMA exam.

Y

Yatendra Choudhury

Contributor-Level 6

Answered a month ago

Students must give at least 8-10 hours daily for each group of CMA exam for about 3 months to prepare well of the exam.

Y

Yatendra Singh

Contributor-Level 6

Answered a month ago

To clear CMA Foundation, Inter or Final exam in first attempt, candidates must strengthen their basics, cover syllabus, practice as much as possible, stay away from distraction, attempt full-length mock tests, use smart revision techniques and evaluate their progess weekly or monthly.

S

Shailja Singh

Contributor-Level 6

Answered a month ago

CMA exam is usually considered difficult to crack in one attempt. However, if a candidate is diligent with his/her preparation and practices mock exams, past papers and sample papers thoroughly before exam, their chances of passing the exam increases.

N

Nupur Jain

Contributor-Level 6

Answered a month ago

Candidates have to pay INR 25,000 as CMA Final course registration fee. ICMAI allows candidates to pay this amount in two installments as follows:

  • 1st Installement: INR 15,000 (at the time of registration)
  • 2nd Installment: INR 10,000 (before January 31 and July 31 for June and December term exams)

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Rachit Katariya

Contributor-Level 6

Answered a month ago

The CMA Intermediate course registration fee is INR 23,100. Candidates can pay this amoung in two installments - INR 12,000 at the time of registration, and INR 11,100 before January 31 and July 31 for June and December term exams.

V

Vikrant Kaur

Contributor-Level 6

Answered a month ago

The registration fee for ICMAI CMA foundation course is INR 6,000.

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Nishtha Singh

Contributor-Level 6

Answered a month ago

CMA June admit card will be releases around 10 days before the exam dates. ICAMI does not release the schedule for download of admit card. Therefore, candidates can stay tuned to Shiksha's CMA admit card page to get all updates.

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Nishtha Rai

Contributor-Level 6

Answered 2 months ago

Release date for CMA Inter result for June 2026 exam is August 05, 2026. Candidates who will appear for CMA Inter exam between June 11 and June 18, will be able to check their scores.

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Rachit Katariya

Contributor-Level 6

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