Get to Know The Subjects About CMA final 3

Gone are the days when all the students look forward to becoming an engineer or a doctor. In the past few years, not only the time has changed but also there is an increase in the new vocational career options in various fields, including CS, CA & CMA. If you are someone who is planning to pursue the CMA Final Group 3 Course, then this blog post is undoubtedly for you as we will dig deep into the CMA final exam and how you can prepare for it. There are high chances that you might have completed Foundation and Intermediate levels of the CMA exams if you have completed this. As this is the final exam, you can only pass it by diving deeper. The final exam is conducted by ICMAI or The Institute of Cost Management. You can watch the CMA Final Group 3 Video Lectures to pass the pen and paper-based offline descriptive exam. The exam is of 100 marks and the duration is 3 hours. The exams are held twice in a year, that is June and in December.

CMA Final Group 3 Online Courses and subjects:

  • Paper 13-

Section A- CORPORATE LAWS & COMPLIANCE (CLC)- Section A: The Companies Act, 2013 (60%):

  • Company Formation and Conversion
  • Investment and loans
  • Dividends
  • Accounts and Audit
  • Board of Directors & Managerial Personnel
  • Board Meetings and Procedures
  • Inspection, Inquiry, and investigation
  • Compromises, Arrangements, and amalgamations

Section B- Other Corporate Laws

  • SEBI Laws and Regulation
  • . The Competition Act, 2002
  •  Foreign Exchange Management Act, 1999
  •  Laws related to Banking Sector
  • . Laws related to Insurance Sector

Section C- Corporate Governance:

  • Corporate Governance
  •  Social, Environmental and Economic Responsibilities of Business.
  • Paper 14-Strategic finance management

Section A- Investment decisions:

  • Investment Decisions, Project Planning and Control
  •  Evaluation of Risky Proposals for Investment decisions
  •  Leasing Decisions

Section B- Financial Markets and Institutions 

  • Institutions in Financial Markets
  • Instruments in the Financial Market
  • Capital Markets
  • Commodity Exchange

Section C- Security Analysis and Portfolio Management

  • Security Analysis & Portfolio Management including Equity Research

Section D- Financial Risk Management

  • Financial Risks
  • Financial Derivatives – Instruments for Risk Management
  • Financial Risk Management in International Operations
  • Paper 15- Strategic Cost Management- Decision Making (SCMD)

Section A- Cost Management

  • Developments in Cost Management
  •  Cost Control and Cost Reduction

Section B- Strategic Cost Management Tools Techniques-

  • Decision-Making Techniques
  • Standard Costing in Profit Planning
  • Activity-Based Cost Management – JIT and ERP
  • Cost of Quality and Total Quality Management

Section C- Strategic Cost Management- Application of Statistical Techniques in Business Decisions

  • Application of Operation Research and Statistical Tools in Strategic Decision Making
  • Paper 16- Direct Tax Laws and International Taxation

    Section A- Advanced Direct Tax Laws
  • Tax Management, Return and Assessment Procedure
  • Grievance Redressal
  •  Penalties and Prosecutions
  • Assessment of Income and Computation of Tax Liability of Various Entities
  • Business Restructuring
  •  A different aspect of Tax Planning 
  •  CBDT & Other Authorities
  •  E-Commerce Transaction and Liability in Special Cases
  •  Income computation and Disclosure Standards (ICDS)
  •  Black Money Act, 2015

Section B- International Taxation

  • Double Taxation and Avoidance Agreements (DTAA) [Sec. 90, 90A and 91]

              Section C-Case Study Analysis

Career Prospects after CMA & Salary Packages:

Here is a brief list of job options along with the salaries and profiles post your degree in CMA

Anyone who holds the CMA certificate gets the reach to multiple doors of opportunities for themselves in both the domestic as well as international world. CMA majorly helps in enhancing the financial management and accounting skills of the individual.

Major job roles offered after the CMA certification are:

  •  Financial analyst 
  • Cost Manager
  • Financial Manager
  • Relationship Manager
  • Financial Risk Manager
  • Chief Financial Officer
  • Financial Controller
  • Cost Accountant 

CMA salary distribution on the basis of age and years of work experience:

Freshers, who have just cleared the CMA certification in the age group 20-29 years, earn about 10% lesser than the ones who are in the age group 40-49 years and have had an experience of over 20+ years.

Major companies hiring CMA’s

Here is a list of the prospectus companies, that hire CMA’s both in the domestic market as well as globally are:

  • IBM
  • Walmart
  • Tata
  • Citi
  • Nestle
  • EY
  • KPMG
  • Deloitte
  • PwC
  • Larsen & Toubro
  • Walmart
  • Quin Street
  • Standard Chartered

As per researches, CMA also comes under the top 10 most preferred professionals worldwide both in terms of salary packages and knowledge.Thus, you can Buy Online CMA Final Group 3 Courses, which will help you in clearing the finals quickly. After clearing Group 3, you can appear for Group 4. Lastly, you can appear for the examination only if you have passed the Intermediate course of ICMAI and also completed a mandatory seven-day Industry Oriented Training Programme (IOTP).

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