Cost & Management Accountant (CMA Inter Group 1 Old Syllabus 2016)

Cost and Management Accountancy (CMA)

Cost and management Accountancy (CMA) provides you an in-depth Knowledge to manage business with the available resources. CMA Course is conducted by Institute of Cost & management Accountants of India (ICMAI).

Cost accountants have to collect and analyze the financial information from all the areas of a company. Cost Accountants are one of the most vital functionaries of entire financial world. Cost Accounting is a management accounting. It is specialized area of expertise concern with analyzing the cost of products, manufactured or sold by the company.

There are 3 stage in CMA Course.

1. FOUNDATION
2. INTERMEDIATE
3. FINAL

Eligibility

• Student are eligible to seek admission to the foundation course after qualification class 10th, but the students will be eligible for CMA Foundation exam only after qualifying class 12th.
• Students who have passed the foundation exam conducted by ICAI and ICSI and students who have any graduate degree will be exempted from foundation Course.
• After completion of Foundation level, students will be eligible to move on to Intermediate level.
• After completing any group of intermediate level, students have to undergo 3 years practical training.After completing this, students can appear for Final exam.

Scope for practicing cost Accountants

CMA provide services, in investment planning, profit planning, project management and overall managerial decision making process. Many members of the Institute are holding top management position which is chairman, CEO/ CFO, managing director, Finance Director, Financial Controller, Chief Accountant, Cost Controller, Marketing Manager, Chief internal auditor etc.

Basic Duties Of CMA

• Maintenance of Cost records and cost audit.
• Stock, Concurrent and due diligence audit of various Banks.
• Tax consultancy

• Project management consultancy
• Financial services
• Adviser to an issue.