A Guide to CMA Foundation Course

CMA is a short form used for cost management accountants and is one of the most important programs in the financial industry. The “CMA Foundation Course” is definitely your best option if you are someone who has a keen interest and plans to succeed in the field of management accounting. Moreover, over the past few years, CMA has gained considerable importance among commerce aspirants or students aspiring to enter the commerce industry. Suppose you are planning to pursue CMA in India, in that case, it is incredibly essential for you to understand some basics about the course, including the prospects, subject included and the eligibility criteria. You don’t need to stress at all as we have covered some necessary details about the CMA Foundation course under this blog.

All you need to know about the CMA course:

Ideally, Cost management accounting or CMA is a certificate program that is designed uniquely to train students working in various industries and corporate sectors. You can buy Online CMA Foundation Courses if you want to pursue the course. Institute of Cost Accountants of India issues the credentials of the CMA course in India. The program tends to majorly focus on valuation issues, financial statement analysis, working capital policies, external financial reporting, etc.

Levels under CMA course:

Though mainly there are three levels covered under the CMA course, we shall focus on the level 1 or the foundation course under this guide.  

All you need to know about the course duration:

The best part of undertaking the CMA course is that the duration tends to be flexible. All this simply means is that the time required to complete the program depends on the candidate's ability to concentrate and level of dedication. A candidate can complete the course even in 4 months or even in 6 years. In India, candidates usually complete the course in 3 to 4 years, while in the US, students complete it in 6 months.  

Skills one can gain through CMA Foundation Video Lectures:

• Cost Management
• Expertise in Management Accounting
• Profitability Analysis
• Planning and Budgeting
• Risk Management
• Investment Decision
• Cost Management
• Expertise in Management Accounting
• Profitability Analysis
• Planning and Budgeting
• Risk Management
• Investment Decision

Eligibility criteria for CMA foundation course:

If you are planning to appear for the CMA Foundation course, then you must know about the below-mentioned eligibility criteria.

• You must have cleared Class 10 or equivalent level of education from the recognized board.
• You must also have cleared your Senior Secondary Examination (10+2) or equivalent from a recognized examination board.
• Apart from that, if you possess a National Diploma in Business Education awarded by AICTE or any State Board of Technical Education, you will be considered eligible.

All you need to know about the CMA registrations:

The CMA registrations close at least four months prior to the examination day. You can choose the stage you are eligible for and then apply as per suitability. The registration for the ICMAI course is active whole year, but you need to register yourself four months before the intended term. For instance, if you plan to appear for the December term exam, you should apply before July 31st of the same year. You need to register before January 31st if you want to give the exam in June. 

You can register for the course by submitting your application form along with other mandatory documents to the respective registration councils. All Indian states are divided into four regions, so you need to check the regional council of the location. The registration fees for the foundation course is Rs.4000.