I have completed B.Com, do I need to enrol on CMA Foundation course or can I directly apply for CMA Intermediate course?

No, you need not to apply and pursue the CMA Foundation course. Completing a graduate degree course marks the candidates eligibility for direct entry to CMA Intermediate. The space below mentions the cases where a candidate is marked eligible for the direct admission to CMA Intermediate course: Passed a degree exam of any recognised University or equivalent Passed a degree (honours) exam of anyrecognised University; Pursuing Engineering course (having completed Semester IV/equivalent) or are qualified engineers; Passed a Master degree exam from a recognised University or any of the IIMs; Passed an Engineering degree exam from any recognised University or any of the IITs or IISc; Passed the Final exam of the any of the following Institute of Chartered Accountants of India or England and Wales, or Scotland or Ireland Final exam of the Chartered Institute of Management Accountants, London, Final exam of the ICSI; Final exam of the Association of Chartered Certified Accountants, U.K. Passed the Foundation course exam of this ICMAI; Completed the entry Level-Part I exam of Certificate in Accounting Technicians (CAT) course of ICMAI; Completed the entry Level-Part I exam and Competency Level Part II exam of Certificate in Accounting Technicians (CAT) course of ICMAI can seek admission to Intermediate course of ICMAI; Besides the above mentioned eligibility conditions, there are some other criteria to obtain direct admission to the ICMAI course.

Is it easy to pass CMA exam?

If the preparation is right, CMA is not as hard as students complaint about the same. If the pass percentages is compared with ICAI CA exam, CMA pass percentage is comparatively less. However, the number of candidates appearing in CA Final if compared with CMA Final course is huge. The pass percentage of CMA Final course in December 2022 term stood at 6.85% for both the groups, and 17.77% for candidates who onlyu appeared for Group IV exam. Out of 3751 candidates who appeared in both the groups of CMA Final course, 373 test takers passed the exam for only one course group, while 257 candidates passed the exam for both the groups of CMA Final course in December 2022 term.

Can we appear for CMA exam from home?

No, CMA exam is conducted at test centres only. Candidates have to choose prefered test centre while filling the CMA exam form.

Is there a separate admit card for all three levels of CMA exam?

CMA exam is conducted at three levels, namely Foundation, Intermediate and Final. The admit card for CMA course levels are released separately. Candidates can appear for one exam level in one exam session. Therefore, all three course leveles have a separate admit card for CMA exam. Candidates must complete the download process by providing registration number generated at the time of exam form submission. The admit card download is hosted over the official exam website on separate days. Admit card for CMA Foundation is released on a separate date via a separate login widnow. While the CMA admit card Intermediate and Final course levels have a common login window released on a single day.

How to download CMA admit card?

CMA admit card download process requires the candidates to provide the login credentials generated at the time of exam form submission. Candidates can download the admit card of CMA exam in an online mode only. The space below mentions the CMA admit card download process: Visit the official website of CMA exam Click on the tab stating 'Admit Card' available in the side bar Enter the registration number Click on the 'Login' button Candidates must download the CMA admit card and carry a hard copy of the same on the exam day.

What is the mode of CMA admit card issuance?

CMA admit card is issued to all the CMA students who fill the exam form before the last date. The admit card is issued online on the official exam website. Candidates need to provide their registration number to download the CMA admit card for Foundation, Intermediate or Final course level. ICMAI will not entertain any requests from the students for an offline issuance of the CMA admit card. Besides offline issuance, ICMAI will not entertain requests for CMA admit card via an email. Therefore, CMA students can only obtain the admit card via the login portal available on the official website.

When will ICMAI release CMA admit card?

The Institute of Cost Accountants of India, also known as ICMAI, typically releases the CMA admit card a week before the exam date. CMA students appearing for any of the three levels of the CMA course will get the admit cards on the official examination website. Downloading the CMA admit card will require the candidates to provide their registration number as the login credential. CMA admit card for Intermediate and Final course exam releases on the same date. While the CMA Foundation admit card will release on a separate date.

Can I check CMA results immediately after the exam?

No. CMA results are released within 3 months of the exam date. as per the CMA test structure, the CMA Foundation exam is held as an OMR based test. Therefore, candidates are evaluated only after they have submitted their OMR based answer sheets. On the contrary, CMA exams for Intermediate and Final courses have subjective questions. Therefore, evaluating the performance of each candidate can be done via a subject matter expert. Therefore, candidates cannot check the CMA results immediately after the submitting their answer sheets.

Is there any fee for verification of answer sheets in CMA exam?

Yes. Candidates need to pay INR 250 for each subject paper where they wish to get the answer sheets verified. However, the processing fee is refundable on account of an error in marking the answers. The score can be increased after verification of answer sheets only in cases of: Totalling error Omission to examine any answer Candidates can apply for verification of answer sheets within 30 days of release of CMA results. To apply for verification of answer sheets, candidates need to fill a form online.

What is the CMA admission fee for all three courses?

The CMA course fee varies for all three course levels, including Foundation, Intermediate and Final. Candidates can check this space for the CMA admission fee for all three courses along with the typical deadlines to pay the same. CMA Foundation Course Fee Candidates need to pay INR 6,000 as the CMA Foundation fee on or before January 31 if the candidate plans to take exam in June term. The fee is payable by July 31, if the candidate plans tro appear for the CMA December exam. CMA Intermediate Course Fee Candidates need to pay INR 23,100 as the CMA Intermediate fee on or before January 31 if the candidate plans to take exam in June term. The fee is payable by July 31, if the candidate plans tro appear for the CMA December exam. CMA Final Course Fee Candidates need to pay INR 25,000 as the CMA Final fee on or before January 31 if the candidate plans to take exam in June term. The fee is payable by July 31, if the candidate plans tro appear for the CMA December exam. Candidates will have options to pay the Intermediate and Final course fee in two installments. However, candidates must complete the payment of complete fee before the final admission deadline.

What is the admission process for the CMA Exam?

Candidates can enroll for the CMA course through online mode. The following steps can be followed for successful registration in the course: Visit the official website of the institute and click on the CMA registration process. Fill in all the details required and click on save and continue. Upload the documents required for registration and click submit. Pay the course fees through an online payment method. Print the application form for future use. Documents required for registration: Passport-sized photo Specimen signature Class 10th Marksheet Class 12th Marksheet Graduation degree and Certificates (if applicable) CMA Intermediate Pass (both Group-I & Group-II Marksheet/Certificate (For candidates applying for CMA Final Course)

What is the deadline for the CMA application form for admission?

ICMAI has defined the deadline to fill the CMA application form for admission. Candidates willing to appear for the CMA June exam term must complete the online registration and enrol to the course by July 31. Candidates aspiring to appear for the CMA exam in December session must be enrolled with ICMAI on or before July 31. ICMAI may or may not extend the cutoff date for enrolment; however, the institute will publish a fresh notification mentioning the extension to fill the admission form.

What is the eligibility criteria to pursue CMA?

Candidates must have passed class 12th exam from a recognised board or college with at least 40 per cent marks to be eligible to start the CMA course.

I have cleared CA final exam. Am I eligible for CMA final exam?

You aren't eligible for the CMA final exam as for this you have to clear the CMA inter after clearing the CA final exams.

What is the age criteria for CMA course?

There is no age limit to study. If you want to do CMA at the age of 40, then you can do it and you will directly get admission for executive exam, and after that, you need to clear final. After this, you are eligible to study ICWA.

Is the syllabus for BCom (Hons) and CMA identical?

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.

What is the syllabus for the CMA Exam?

The CMA syllabus for all three course levels is as follows CMA Foundation Course Syllabus: Paper 1: Fundamentals of Business Laws and Business Communication (FBLC) Paper 2: Fundamentals of Financial and Cost Accounting (FFCA) Paper 3: Fundamentals of Business Mathematics and Statistics (FBMS) Paper 4: Fundamentals of Business Economics and Management (FBEM) CMA Intermediate Course Syllabus: CMA Intermediate Course Group I Paper 5: Business Laws 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) CMA Final Course Syllabus CMA Final Course Group III Paper 13: Corporate and Economic Laws (CEL) Paper 14: Strategic Financial Management (SFM) Paper 15: Direct Tax Laws and International Taxation (DIT) Paper 16: Strategic Cost Management (SCM) CMA Final Course Group IV Paper 17: Cost and Management Audit (CMAD) Paper 18: Corporate Financial Reporting (CFR) Paper 19: Indirect Tax Laws and Practice (ITLP) 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) For more detailed information, you may visit the Shiksha CMA Exam page. (https://www.shiksha.com/accounting-commerce/accounting/cma-exam-syllabus).

Where can I find CMA syllabus?

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 )

How many questions are there in the CMA exam?

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.

What is the mode of CMA exam?

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 )

How many papers are there in CMA exam?

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.

Where can I find CMA exam details for Foundation, Intermediate and Final courses?

CMA exam details are published on its official website. Candidates can find all details for CMA foundation, inter, and final courses on the CMA exam website. Along with the CMA exam date notification, ICMAI publishes the exam pattern, test centres, schedule for exam form, and result declaration date. Candidates find CMA exam notification for each term separately.

What are the advantages of CMA?

Candidates having a CMA certification may have higher earning potential that those having a BBA/BCom, or a BA degree. Since CMA is a professional certification if will always have more demand than a regular graduate with a degree course. Therefore, candidates get good job oppotuinities after completing CMA course.

What is the difference between CMA (USA) and CMA (India)?

As per the MoU (Memorandum of Understanding) signed between Institute of Management Accountants (US) and the Institute of Cost Accountants of India, if an Indian candidate pursuing CMA US sit for the exams in any country other than India (provided that country conduct tests under Pro-metric facility, e.g. Sri Lanka, Bhutan etc. these countries don't have Pro-metric centers), he/she will get CMA (India) or Indian Cost Accountant degree by default. To put it simply, candidates can save two important things: INR 1,00,000-1,50,000 (cost of study for CMA India) & 4-5 years of strenuous study. In return, they'll get a prestigious title of Cost Accountant. (Cost-Benefit analysis)

How do I choose an exam center for the ICMAI CMA exam?

Candidates can choose CMA test centre preference while filling the online exam form. ICMAI CMA exam centre will be published in the exam admit card.

Can I appear for CMA exam twice in one year?

The Institute of Cost Accountants of India conducts CMA exam twice in one year. CMA students can appear for both the sessions. However, for every exam take, candidates need to fill and submit the exam form. The exam form releases along with the exam dates of a particular session. The exam fees is released along with the exam dates and form. Candidates need to pay the exam fees based on the course level and the exam centre (inland or overseas). Along with the release of the dates, candidates can find the available exam centres for the CMA test session.

Can I choose desired test centre to appear for CMA exam?

Candidates are allowed to fill the CMA exam form. While filling the exam form, candidates need to choose desired exam city under the ICMAI regional chapter. ICMAI will try and allot a test centre in the city selected by the candidate. ICMAI may allot a the nearest test city if any exam centre does not have enough test takers.

Will ICMAI release CMA MQP for all subject papers?

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.

What are the maximum marks in CMA exam?

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.

How many papers are there in CMA exam?

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.

Can I check CMA results immediately after the exam?

No. CMA results are released within 3 months of the exam date. as per the CMA test structure, the CMA Foundation exam is held as an OMR based test. Therefore, candidates are evaluated only after they have submitted their OMR based answer sheets. On the contrary, CMA exams for Intermediate and Final courses have subjective questions. Therefore, evaluating the performance of each candidate can be done via a subject matter expert. Therefore, candidates cannot check the CMA results immediately after the submitting their answer sheets.

What is the step-wise process to check CMA results?

Candidates need to visit the ICMAI website to check CMA results. Students need to provide the identification number to access the CMA result login.

What is the mode for release of CMA results?

CMA results are declared for all the CMA students who appear for the exam as per the stipulated dates. The results for all three levels of CMA exam are issued online on the official exam website. Candidates need to provide login credentials, including their registration number to check the CMA results for Foundation, Intermediate or Final course level. ICMAI releases the CMA results separately for Foundation course. While the results for both Intermediate and Final exams are released on the same day. ICMAI does not entertain any requests for offline showcase of the CMA results. Therefore, candidates can check the results from the official website only.

What is the difference between CMA exam form and CMA admission form?

ICMAI facilitates two forms for CMA course levels. CMA admission form is to be filled by the candidates who are not enrolled with the institute but are interested in pursuing the CMA course. Whereas, CMA exam form is to be filled by all the candidates who are enrolled in a course and are willing to appear for the CMA exam in the upcoming session. CMA admission form is facilitated throughout the year. While the CMA exam forms are released along with the CMA exam dates. Candidates may have the CMA enrolment but may not be willing to appear for the exam in the current session. Such CMA students are not required to fill the exam form.

What is the exam form fee for the CMA Intermediate course?

Candidates filling the CMA exam form for Intermediate course have to pay the exam fees based on the choice of groups and exam centre preference. Candidates choosing to appear for one group have top pay the exam fee as mentioned below: Inland centres: INR 1,200 Overseas centres: USD 90 Candidates choosing two group levels for CMA Intermediate course have to pay the exam fee as mentioned below: Inland centres: INR 2,400 Overseas centres: USD 90 The exam fees must be paid online by all the candidates choosing an inland exam centre preference. Candidates choosing to appear in an overseas exasm centre must send the exam form offline with a Demand Draft for the exam fees.

What is the CMA admission fee for all three courses?

The CMA course fee varies for all three course levels, including Foundation, Intermediate and Final. Candidates can check this space for the CMA admission fee for all three courses along with the typical deadlines to pay the same. CMA Foundation Course Fee Candidates need to pay INR 6,000 as the CMA Foundation fee on or before January 31 if the candidate plans to take exam in June term. The fee is payable by July 31, if the candidate plans tro appear for the CMA December exam. CMA Intermediate Course Fee Candidates need to pay INR 23,100 as the CMA Intermediate fee on or before January 31 if the candidate plans to take exam in June term. The fee is payable by July 31, if the candidate plans tro appear for the CMA December exam. CMA Final Course Fee Candidates need to pay INR 25,000 as the CMA Final fee on or before January 31 if the candidate plans to take exam in June term. The fee is payable by July 31, if the candidate plans tro appear for the CMA December exam. Candidates will have options to pay the Intermediate and Final course fee in two installments. However, candidates must complete the payment of complete fee before the final admission deadline.

CMA Inter (Dec) 2025: Dates (OUT), Exam Form, Eligibility, Syllabus PDF, Pattern, Centres, MQPs

Exam On - 10 Dec '25

Updated on Nov 18, 2025 13:48 IST

By Abhishek Dhawan, Assistant Manager – Editorial Content

CMA Inter Dec 2025 Exam: ICMAI has released the CMA Inter Dec 2025 exam dates on its official website, icmai.in. As per the schedule, candidates will have to appear for CMA Intermediate exam from December 10 to 17. Candidates who filled the CMA Dec 2025 exam form can now access the form correction window until October 26. Along with the notification for CMA Inter Dec 2025 exam dates, ICMAI has also released the the last date to fill the CMA exam form and the CMA Intermediate result declaration date.

CMA Inter June 2026 Exam: The Institute of Cost Accountants of India (ICMAI) will release CMA June 2026 exam dates soon. CMA students will have to apply for CMA Inter June 2026 exam from the official website, icmai.in. In the previous year's June term, 5491 candidates passed the CMA Intermediate course.

Scroll down to gather complete insights on CMA Intermediate exam for both December and June terms. Also check the difference between the CMA application form and CMA exam form, Intermediate eligibility criteria, admit cards, results, CMA pass percentage, and other critical details.

LATEST: CMA Dec 2025 Admit Card Soon at icmai.in

Table of content

What is CMA Intermediate Exam?
CMA Intermediate Exam Dates 2025
CMA Intermediate Exam Highlights 2025
CMA Intermediate 2025 Admit Card
CMA Intermediate 2025 Exam Pattern
CMA Intermediate Syllabus 2025
CMA Intermediate June 2025 MQP/MTP
CMA Intermediate Eligibility Criteria 2025
CMA Intermediate Exam Process 2025
CMA Intermediate Enrolment 2025
CMA Intermediate Exam Form 2025
CMA Intermediate Results 2025
FAQs on CMA Intermediate

What is CMA Intermediate Exam?

CMA Intermediate Exam Dates 2025

Take a look at the table below for the complete schedule of CMA Intermediate 2025 exam

Dates	Upcoming Exam Dates
Nov ' 25	CMA (Inter) Dec 2025 Admit Card Issuance TENTATIVE
10 Dec ' 25	CMA (Inter) Dec 2025 Exam Date: Business Laws and Ethics (P-05)
10 Dec ' 25 - 17 Dec ' 25	CMA (Inter) Dec 2025 Exam Dates
11 Dec ' 25	CMA (Inter) Dec 2025 Exam Date: Operations Management and Strategic Management (P-09)
12 Dec ' 25	CMA (Inter) Dec 2025 Exam Date: Financial Accounting (P-06)
13 Dec ' 25	CMA (Inter) Dec 2025 Exam Date: Corporate Accounting and Auditing (P-10)
14 Dec ' 25	CMA (Inter) Dec 2025 Exam Date: Direct and Indirect Taxation (P-07)
View more Future Events (4)

Dates	Past Exam Dates
Oct ' 25	CMA (Inter) Dec 2025 exam form correction
11 Oct ' 25	Last Date for CMA Inter Dec 2025 Exam Form Submission
11 Aug ' 25	CMA (Inter) June 2025 Result Date
View More Past Events (9)