CMA Final Chapter Wise Weightage
Certified Management Accountant 2026 ( CMA )
CMA Dec 2026 Exam Dates (Inter & Final)
10 Dec '26 - 17 Dec '26
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 | |
Commonly asked questions
CMA Foundation exam has four subject papers, namely
- Business Economics and Management (FBEM)
- Business Lawns and Business Communication (FBLC)
- Business Mathematics and Statistics (FBMS)
- Financial and Cost Accounting (FFCA)
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.
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 days ago
ICMAI will conduct CMA Foundation Dec 2026 exam for all four papers on December 13, 2026.
N
Contributor-Level 6
Answered 2 days ago
The Institute of Cost Accountants of India (ICMAI) will conduct the CMA Final exam for the December 2026 session between Dec 10 and Dec 17, 2026.
R
Contributor-Level 6
Answered 2 days ago
ICMAI will conduct CMA Intermediate exam 2026 for December session between December 10 and December 17, 2026. The subject-wise schedule is available on Shiksha page.
V
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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