Planning to appear for CMA exam but don't know how and what to prepare in the last 30 days? Check out this page to get CMA last month preparation tips to help prepare well for the examination and qualify for the level.
The Institute of Cost Accountants of India (ICMAI) conducts CMA exam at three levels - Foundation, Intermediate and Final course. To become a certified CMA a candidate must clear these levels as per the CMA qualifying criteria. To pass the CMA exam, a student must score a minimum of 40 per cent in each subject and a 50 per cent aggregate across all papers. CMA Foundation has 4 papers, CMA Intermediate has 8 papers and CMA Final exam has 8 papers.
Last month, before the exam day, is of utmost importance to an aspirant as a nervous candidate can spoil his/her year-long preparation and a confident student with a proper preparation plan can enhance his/her performance in the examination. Scroll down and check out this page to know what to do in the last 30 days to clear CMA exam.
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- CMA Last Month Preparation Tips
- CMA Exam Pattern
- ICMAI CMA Syllabus
- CMA Passing Criteria
CMA Last Month Preparation Tips
CMA aspirants must keep the last month for intensive revision and practice only. Learning new topics around this time can confuse the candidate and make them anxious about their performance in the exam. Below are some useful tips that a student must follow a month before the D-day:
1. Solve Mock Tests: A candidate must have completed the syllabus by now and should focus on solving as many MTPs and Revision Test Papers (RTPs) as possible. Solving mock exams in an exam-like environment can help students build confidence for exam day and improve time management. Mock tests also give an idea of the type of questions asked and can help make a plan for the flow of answering questions on exam day.
2. Revise Formulas: Candidates must have prepared a revision notebook including formula sheets, summary notes, and flashcards. Revise them daily to avoid forgetting them during the exam. Knowing the basic concept and formula is essential in solving a question. With proper concept understanding, solving application-based questions becomes easy, and remembering the formula allows one to actually implement the concept.
3. Analyze Mock Exams: One should not just stop at taking mock exams. Analyzing them and understanding where you lack is important for students. If an answer is marked incorrect, understand the reason behind the correct one and revise that topic one more time to avoid making such mistakes.
4. Full Revision: The last few days before the exam should always be reserved for full-fledged revision. Stop solving complex problems at this time and do not try to indulge in learning something new.
Note: ICMAI releases CMA study material for all three courses on its official website. Students must ensure to check them for the chapters and topics to be covered for the exam.
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CMA Exam Pattern
Candidates can check CMA exam pattern for Foundation, Intermediate and Final course in table below:
| 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 |
| Negative Marking in CMA Foundation | No |
Commonly asked questions
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.
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.
CMA foundation course has four papers. All four papers of CMA Foundation exam will have 50 multiple choice questions of two marks each.
CMA Intermediate course have two groups with four papers each. Each paper of CMA Intermediate has eight questions. Out of these questions, the first question is compulsory, while candidates have to attempt any five questions from the remaining seven questions. While some papers have five questions, first question is compulsory, and out of remaining four questions, three are mandatory.
Similarly, CMA Final course have different question numbers in different test papers.
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)
ICMAI CMA Syllabus
The Institute of Cost Accountants of India (ICMAI) has prescribed CMA syllabus for all three courses and their respective papers on the official website. Candidates preparing for CMA exam for upcoming session can download official syllabus PDFs for free from table below:
CMA Passing Criteria
To qualify in the CMA exam, a candidate must satisfy two criteria simultaneously:
- CMA Passing Marks in Individual Subject: A candidate must obtain at least 40 marks in every individual subject paper.
- CMA Aggregate Passing Marks: A candidate must achieve a total of 50% in aggregate for the group or level they are appearing for. For a single group of 400 total marks, a candidate needs an aggregate of at least 200 marks.
Commonly asked questions
Yes. ICMAI releases the CMA model question papers for all subjects under Foundation, Intermediate and Final courses. Along with the questions, ICMAI releases the answers to all these question papers. Candidates can access the ICMAI CMA MQPs for better preparation of the relevant course. ICMAI releases the CMA MQP separately for both exam sessions, including June and December.

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Student Forum
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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