CMA Final Chapter Wise Weightage
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Preparing for CMA Final exam for the next session? Check out this article to get CMA Final chapter-wise weightage and important topics for both groups. Also, find CMA syllabus, pattern and study material for exam preparation.
CMA Final Chapter-Wise Weightage
The Institute of Cost Accountants of India (ICMAI) has released CMA Final chapter-wise weightage on its official website for candidates to prepare for the exam. With the help of weightage for each chapter, candidates can get an idea of the percentage weightage each chapter of the CMA Final paper holds and can make a study plan accordingly. Students are advised to consider the weightage, but at the same time, not neglect the chapters with low weightage as they can prove to be scoring topics.
ICMAI states that to qualify CMA Final course, a candidate must have at least 40% marks in each paper and 50% aggregate marks. Once a canddiate clears CMA Final course, she/she will be considered as a certified CMA. Candidates studying for CMA exam can get chapter and topic-wise weightage for the final level from this page.
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- CMA Final Chapter-Wise Weightage
- CMA Final Group 3 Chapter-Wise Weightage
- CMA Final Group 4 Chapter-Wise Weightage
- ICMAI CMA Final Syllabus
- CMA Final Exam Pattern
- CMA Final Study Material
CMA Final Chapter-Wise Weightage
There are two groups in CMA Final exam as per ICMAI pattern. Each group has four papers and candidates must qualify all papers to clear the Final level. The CMA chapter-wise weightage for Final course has been released by ICMAI on the official website. Check below space to get the weightage and important topics for CMA Final course.
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CMA Final Group 3 Chapter-Wise Weightage
Find the chapter-wise weightage for CMA Final Group 3 papers in table below:
| Topic | Weightage |
|---|---|
| GROUP III | |
| Paper 13 - Corporate and Economic Laws (CEL) | |
| Section A: Corporate Laws | 60% |
| The Companies Act, 2013 | 40% |
| Insolvency and Bankruptcy Code, 2016 | 10% |
| Corporate Governance and Social Responsibility and Sustainability | 10% |
| Section B: Economic Laws and Regulations | 40% |
| SEBI Regulations | 10% |
| The Competition Act, 2002 | 5% |
| Foreign Exchange Management Act, 1999 | 5% |
| Laws and Regulations related to Banking Sector | 5% |
| Laws and Regulations related to Insurance Sector | |
| Specific Legal Provisions related to MSME Sector | 5% |
| Laws and Regulations related to Cyber Security and Data Privacy | 5% |
| Laws and Regulations related to Anti-Money Laundering | 5% |
| Paper 14 - Strategic Financial Management (SFM) | |
| Section A: Investment Decisions | 25% |
| Investment Decisions, Project Planning and Control | 10% |
| Evaluation of Risky Proposal for Investment Decisions | 10% |
| Leasing Decisions | 15% |
| Securitization | |
| Section B: Security Analysis and Portfolio Management | 35% |
| Introduction | 5% |
| Equity and Bond Valuation and Evaluation of Performance | 15% |
| Mutual Funds | |
| Portfolio Theory and Practice | 15% |
| Asset Pricing Theories | |
| Portfolio Performance Evaluation and Portfolio Revision | |
| Efficient Market Hypothesis | |
| Section C: Financial Risk Management | 20% |
| Risks in Financial Market | 20% |
| Financial Derivatives - Instruments for Risk Management | |
| Section D: International Financial Management | 15% |
| The International Financial Management | 5% |
| Foreign Exchange Market | 10% |
| Foreign Exchange Risk Management | |
| Section E: Digital Finance | 5% |
| Digital Finance | 5% |
| Paper 15 - Direct Tax Laws and International Taxation (DIT) | |
| Section A: Direct Tax Laws | 60% |
| Assessment of Income and Computation of Tax Liability of Various Entities |
60% |
| 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 | 40% |
| Double Taxation and Avoidance Agreements (DTAA) [Sec.90. 90A and 91] | 40% |
| Transfer Pricing | |
| GAAR | |
| Paper 16 - Strategic Cost Management (SCM) | |
| Section A: Strategic Cost Management for Decision Making | 60% |
| Introduction to Strategic Cost Management | 5% |
| Quality Cost Management | 5% |
| Decision Making Techniques | 25% |
| Activity Based Management and Just in Time (JIT) | 10% |
| Evaluating Performance | 15% |
| Section B: Quantitative Techniques in Decision Making | 40% |
| Linear Programming | 15% |
| Transportation | |
| Assignment | |
| Game Theory | 15% |
| Simulation | |
| Network analysis – PERT, CPM | |
| Learning Curve | |
| Business Application of Maxima and Minima | 10% |
| Business Forecasting Models – Time Series and Regression Analysis | |
| Introduction to Tools for Data Analytics | |
CMA Final Group 4 Chapter-Wise Weightage
The CMA Final chapter wise weightage for Group 4 papers is as follows:
| Topic | Weightage |
|---|---|
| GROUP IV | |
| Paper 17 - Cost and Management Audit (CMAD) | |
| Section A: Cost Audit | 50% |
| Basics of Cost Audit | 5% |
| Companies (Cost Records and Audit) Rules, 2014 (as amended) | 10% |
| Cost Auditor | 10% |
| Overview of Cost Accounting Standards and GACAP | 10% |
| Cost Auditing and Assurance Standards | |
| Cost Audit Programme | 5% |
| Cost Audit Documentation, Audit Process and Execution | 5% |
| Preparation and Filing of Cost Audit Report | 5% |
| Section B: Management Audit | 25% |
| Basics of Management Audit | 5% |
| Management Reporting Issues and Analysis | 5% |
| Management Audit in Different Functions | 5% |
| Evaluation of Corporate Image | 5% |
| Information Systems Security Audit | 5% |
| Section C: Internal Control, Internal Audit, Operational Audit and Other Related Issues | 15% |
| Internal Control and Internal Audit | 5% |
| Operational Audit and Internal Audit under Companies Act, 2013 | 5% |
| Audit of Different Service Organisations | 5% |
| Section D: Forensic Audit and Anti-Money Laundering | 10% |
| Forensic Audit | 5% |
| Anti-Money Laundering | 5% |
| Paper 18 - Corporate Financial Reporting (CFR) | |
| Section A: Indian Accounting Standards | 25% |
| Specific Accounting Standards | 25% |
| Section B: Valuation of Shares, Accounting and Reporting of Financial Instruments and NBFCs | 15% |
| Valuation of Shares (Including Determination of Goodwill, Post - Valuation of Tangible and Intangible Assets) | 15% |
| Accounting of Financial Instruments | |
| NBFCs – Provisioning Norms, Accounting and Reporting | |
| Section C: Accounting for Business Combination and Restructuring (in Compliance with Ind ASs) | 20% |
| Accounting for Business Combination and Restructuring | 20% |
| Section D: Consolidated Financial Statements and Separate Financial Statements (in Compliance with Ind ASs) | 20% |
| Consolidated Financial Statements and Separate Financial Statements | 20% |
| Section E: Recent Developments in Financial Reporting | 10% |
| Recent Developments in Financial Reporting | 10% |
| Section F: Government Accounting in India | 10% |
| Government Accounting in India | 10% |
| Paper 19 - Indirect Tax Laws and Practice (ITLP) | |
| Section A: Goods and Services Tax Act & Rules | 70% |
|
70% |
| Section B: Business Data Analytics | 30% |
|
30% |
| Paper 20A - Strategic Performance Management & Business Valuation | |
| Section A: Strategic Performance Management | 50% |
| Introduction to Performance Management |
10% |
| Performance Measurement, Evaluation and Improvement Tools | 15% |
| Economic Efficiency of the Firm – Performance Analysis | 10% |
| Enterprise Risk Management | 15% |
| Section B: Business Valuation | 50% |
| Fundamentals of Business Valuation | 5% |
| Laws and Compliance in Business Valuation | 5% |
| Business Valuation Methods and Approaches | 10% |
| Valuation of Assets and Liabilities | 15% |
| Valuation in Mergers and Acquisitions | 15% |
| Paper 20B - Risk Management in Banking & Insurance | |
| Section A: Risk Management in Banking | 60% |
| Introduction to Risk Management |
5% |
| Interest Rate Risk and Market Risk | 15% |
| Credit Risk and Liquidity Risk | 15% |
| Sovereign Risk and Insolvency Risk | 10% |
| Operational Risk and Off-Balance Sheet Risk | 15% |
| Section B: Risk Management in Insurance | 40% |
| Introduction to Insurance Business | 10% |
| Insurance Intermediaries, General Insurance, Health Insurance and Life Insurance | 15% |
| Managing Risk in Insurance Business | 15% |
| Paper 20C - Entrepreneurship & Startup | |
| Section A: Entrepreneurial Skill Sets | 15% |
| Entrepreneurial Skill Sets |
15% |
| Section B: The Entrepreneurial Eco-system | 15% |
| The Entrepreneurial Eco-system | 15% |
| Section C: Idea to Action | 15% |
| Idea to Action | 15% |
| Section D: Value Addition | 15% |
| Value Addition | 15% |
| Section E: Scale Up | 10% |
| Scalability, Scaling up and Stabilisation of Sustainable Business | 10% |
| Section F: Risk Management Strategies | 10% |
| Risk Management Strategies | 10% |
| Section G: Leadership | 10% |
| Leadership | 10% |
| Section H: Types of New Age Business | 10% |
| Types of New Age Business | 10% |
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ICMAI CMA Final Syllabus
The Institute of Cost Accountants of India has released CMA syllabus for the Final exam at icmai.in. Get important topics included in Final course syllabus below:
| CMA Final Paper | Topics |
|---|---|
| Final Course Group – III | |
| PAPER 13: Corporate and Economic Laws (CEL) |
Section A: Corporate Laws
Section B: Economic Laws and Regulations
|
| PAPER 14: Strategic Financial Management (SFM) | Section A: Investment Decisions
Section B: Security Analysis and Portfolio Management
Section C: Financial Risk Management
Section D: International Financial Management
Section E: Digital Finance
|
| PAPER 15: Direct Tax Laws and International Taxation (DIT) | Section A: Direct Tax Laws
Section B: International Taxation
|
| PAPER 16: Strategic Cost Management (SCM) | Section A: Strategic Cost Management for Decision Making
Section B: Quantitative Techniques in Decision Making
|
| Final Course Group – IV | |
| PAPER 17: Cost and Management Audit (CMAD) |
Section A: Cost Audit
Section B: Management Audit
Section C: Internal Control, Internal Audit, Operational Audit and Other Related Issues
Section D: Forensic Audit and Anti-Money Laundering
|
| PAPER 18: Corporate Financial Reporting (CFR) | Section A: Indian Accounting Standards
Section B: Valuation of Shares, Accounting and Reporting of Financial Instruments and NBFCs
Section C: Accounting for Business Combination and Restructuring (in Compliance with Ind ASs)
Section D: Consolidated Financial Statements and Separate Financial Statements (in Compliance with Ind ASs)
Section E: Recent Developments in Financial Reporting
Section F: Government Accounting in India
|
| PAPER 19: Indirect Tax Laws and Practice (ITLP) | Section A: Goods and Services Tax Act & Rules
Section B: Customs Act and 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
Section B: Business Valuation
Paper 20B: Section A: Risk Management in Banking
Section B: Risk Management in Insurance
Paper 20C: Section A: Entrepreneurial Skill Sets
Section B: The Entrepreneurial Eco-system
Section C: Idea to Action
Section D: Value Addition
Section E: Scale up
Section F: Risk Management Strategies
Section G: Leadership
Section H: Types of New Age Business
|
Download Detailed: CMA Final Syllabus PDF
CMA Final Exam Pattern
The Institute of Cost Accountants of India has shared CMA exam pattern on official website. Check below to know the same:
- Mode of CMA Final exam: Offline Mode
- Types of Questions: Descriptive
- Total Marks: 100 marks per paper
- Exam Duration: 180 minutes
CMA Final Study Material
Students preparing for CMA Final exam for the next session must have the official study material to prepare well for the examination. Check out the steps to download official CMA Final study material from the website.
- Visit ICMAI official website - icmai.in or click on direct link - icmai.in/ClntStudents/CMASyllabus.
- Click on CMA Study Material 2022
- Select Final Study Materials
- Click on the desired paper.
- Download CMA study material PDF.
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Student Forum
Anything you would want to ask experts?Answered 2 months ago
The Institute of Chartered Accountants of India (ICAI) has announced 301 exam centres across India for the 2026 cycle. In Kerala, centres include:
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S
Contributor-Level 10
Answered 2 months 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
Contributor-Level 6
Answered 2 months 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.
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Contributor-Level 6
Answered 2 months 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
Contributor-Level 6
Answered 2 months 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
Contributor-Level 6
Answered 2 months 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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Contributor-Level 6
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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.
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Contributor-Level 6
Answered 2 months ago
The registration fee for ICMAI CMA foundation course is INR 6,000.
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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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Contributor-Level 6
Nupur Jain started with a passion for educational content writing, which soon grew into a meaningful journey of helping students through reliable guidance. A commerce graduate from Delhi University, she has spent ov
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