ICMAI CMA Intermediate Exam 2021: The ICMAI Exams are conducted by The Institute of Cost Accountants of India (ICAI). This CMA Intermediate Exam 2021 is the second phase of the ICMAI and Management Accountants program. However, the CMA Intermediate Exam is conducted twice a year.
CMAI has extended the deadline for requesting CMA Intermediate December 2021 exams until October 27, 2021. Candidates who wanted to sit for the December 2021 exams had to fill out the exam form online by October 8, 2021. To know more, read the whole blog.
ICMAI CMA Intermediate 2021: Overview
Name of exam |
Cost & Management Accountancy (CMA)- Intermediate course |
Conducting body |
Institute of Cost and Management Accountants of India(ICMAI) |
Exam level |
National |
Scope of exam |
The University Grants Commission(UGC) now recognises CMA qualification as equivalent to a PG degree making CMA qualified students eligible to pursue a PhD in commerce and allied domains. |
Mode of exam |
Online- Centre based |
Medium of exam |
English |
Number of papers |
8 |
Exam duration |
3 hours |
Type of questions |
Objective and descriptive |
ICMAI CMA Intermediate 2021: Exam Dates
The ICMAI released the schedule of CMA intermediate 2021 in online mode. The table given below mentions the complete schedule of CMA Intermediate Dec 2020.
Events |
Date(June 2021) – (Rescheduled) |
Date(December 2021) |
Last date for CMA Intermediate Registration 2021 |
January 31, 2021 |
August 10, 2021 (Extended) July 31, 2021 |
Issue of CMA Intermediate Admit card 2021 |
NA |
To be notified |
Last date to apply for CMA intermediate 2021 exam |
August 21, 2021 |
October 8, 2021 |
Exam date for CMA Intermediate 2021 |
To be conducted with December exams October 21-28, 2021 (NEW) |
December 8-15, 2021 (Released) |
Announcement of CMA Intermediate result 2021 |
NA |
To be notified |
Verification CMA intermediate answer books 2021 |
NA |
To be notified |
Application for a photocopy of answer sheets |
NA |
To be notified |
ICMAI CMA Intermediate 2021: Eligibility Criteria
To be able to apply for the ICMAI CMA Exam 2021, you must fulfil the eligibility criteria. Here is the ICMAI CMA Eligibility Criteria 2021, mentioned below:
Entry Route |
Eligibility |
Through the Foundation course |
Qualifying CMA foundation exam/course |
Through Direct entry route |
Graduation in any course other than Fine arts |
Qualifying CAT Foundation Entry level part I |
|
Qualifying Foundation Entry Level Part I Exam and Competency Level Part II Examination of CAT |
|
Qualified ICSI CS Foundation |
|
Qualified ICAI CA Intermediate |
|
Through provisional route |
Candidates who are waiting for the results of their exam. |
ICMAI CMA Intermediate 2021: Registration Process
Before beginning the registration process, you have to gather a few documents. Candidates must provide basic information, upload required documents, and pay the CMA Inter registration fees.
Documents to be attached along with the online registration form are:
- 3 passport size photographs
- Candidate’s signature
- Proof of age
- 10th and 12th mark sheet
- Graduation mark sheets or
- Marksheets for qualified – CAT-CMA, CMA Foundation, CS Foundation, IPCC-CA Inter
ICMAI CMA Intermediate 2021: Application Form
The online exam application form was available on the ICMAI website under the examinations tab. Candidates must provide their registration number and pay a separate CMA Inter examination registration fee.
ICMAI CMA Intermediate examination fees 2021
Examination |
Group |
Fee amount |
Overseas Fee amount |
CMA 2021 Intermediate |
Group 1 or 2 |
Rs 1200/- |
US$90 |
CMA 2021 Intermediate |
Both Group 1 and 2 |
Rs, 2400/- |
US$90 |
ICMAI CMA Intermediate 2021: Admit Card
Around two weeks before the CMA Intermediate exam date, candidates can download the admit card for CMA Intermediate 2021 online from the official ICMAI website. Candidates will receive notification of their admit card via email and text message to their registered email address and mobile number. It is a required document to bring to the CMA Inter exam centre in 2021. CMA 2021 admit cards can only be downloaded from the official website.
ICMAI CMA Intermediate 2021: Exam Centres
The CMA intermediate exam is conducted at 3 overseas locations and 96 exam centres in India. Candidates have an option to choose an exam centre as per their convenience and availability. Overseas locations include Dubai, Muscat and Bahrain. Test centres in India are given in the table below.
CMA Intermediate and Final December 2021 exams will be held at the following exam centres in India.
CMA Inter Exam centres December 2021
- Adipur-Kachchh (Gujarat), Agartala, Agra, Ahmedabad, Akurdi, Allahabad, Angul Talcher, Asansol, Aurangabad
- Bangalore, Bankura, Baroda, Berhampur – Ganjam (Odisha), Bharuch Ankleshwar, Bhilai, Bhilwara, Bhopal, Bewar City(Rajasthan), Bhubaneswar, Bilaspur, Bikaner (Rajasthan), Bokaro
- Calicut, Chandigarh, Chennai, Coimbatore, Cuttack
- Dindigul, Dehradun, Delhi, Dhanbad, Duliajan (Assam), Durgapur
- Ernakulam, Erode
- Faridabad
- Ghaziabad, Guntur, Gurgaon, Guwahati
- Haridwar, Hazaribagh, Hosur, Howrah, Hyderabad
- Indore
- Jaipur, Jabalpur, Jalandhar, Jammu, Jamshedpur, Jodhpur
- Kalyan, Kannur, Kanpur, Kolhapur, Kolkata, Kollam, Kota, Kottakkal (Malappuram), Kottayam
- Lucknow, Ludhiana
- Madurai, Mangalore, Meerut, Mumbai, Mysore
- Nagpur, Naihati, Nasik, Nellore, Neyveli, Noida
- Palakkad, Panaji (Goa), Patiala, Patna, Pondicherry, Port Blair, Pune
- Raipur, Rajahmundry, Ranchi, Rourkela
- Salem, Sambalpur, Shillong, Shimla, Siliguri, Solapur, Srinagar, Surat
- Thrissur, Tiruchirapalli, Tirunelveli, Tirupati, Trivandrum
- Udaipur
- Vapi, Vashi, Vellore, Vijayawada, Vindhyanagar, Visakhapatnam
- Overseas Centres are Bahrain, Dubai and Muscat.
ICMAI CMA Intermediate 2021: Exam Pattern
Mode of exam |
Online centre based |
Type of exam |
Objective and descriptive |
Marks per paper |
100 |
Number of papers |
4 |
Duration of exam |
3 hours per paper |
Total Number of questions |
120 |
Marking scheme |
No negative marking |
ICMAI CMA Intermediate 2021: Syllabus
CMA intermediate syllabus 2021: Group 1
Paper 5: Financial Accounting (FAC) |
||
Section A- Accounting – Basics |
Fundamentals of Accounting |
25% |
Accounting for Special Transactions |
||
Section B- Preparation of Financial Statements |
Preparation of Final Accounts of Profit Oriented organizations and Non-Profit Organizations |
40% |
Partnership Accounts |
||
Section C- Self Balancing of Ledgers, Royalties, Hire Purchase & Installment System, Branch and Departmental Accounts |
Self-Balancing Ledgers |
20% |
Royalties, Hire-Purchase and Installment System |
||
Branch and Departmental Accounts |
||
Section D- Accounting in Computerised Environment and Standards |
Overview of Computerised Accounting |
15% |
Accounting Standards (Specified only) |
||
Paper 6: Laws and Ethics |
||
Section A- Commercial Laws |
Laws of Contracts (Advanced level) |
30% |
Laws relating to Sale of Goods (Advanced level) |
||
Negotiable Instruments Act,1881 (Advanced Level) |
||
Indian Partnership Act, 1932 |
||
Indian Partnership Act, 1932 |
||
Section B- Industrial Laws |
Factories Act, 1948 |
25% |
Payment of Gratuity Act, 1972 |
||
Employees Provident Fund and Miscellaneous Provisions Act, 1952 |
||
.Employees State Insurance Act, 1948 |
||
Payment of Bonus Act, 1965 |
||
Minimum Wages Act, 1948 |
||
Payment of Wages Act, 1936 |
||
Pension Fund Regulatory and Development Authority Act, 2013 |
||
Section C- Corporate Law |
Companies Act, 2013 |
35% |
Section D- Ethics |
Business Ethics |
10% |
Paper 7- Direct Taxation (DTX) |
||
Section A- Income Tax Act Basics 10% |
Introduction to Income Tax Act, 1961 |
10% |
Income is not part of Total Income |
||
Section B- Head of Income, Computation of Total Income and Tax |
Heads of Income and Computation of Total Income |
70% |
Clubbing Provisions and the Set-off and Carry forward of Losses |
||
Assessment of Income and tax liability of different people |
||
Section C- Tax Management, Administrative Procedures and ICDS |
TDS, TCS and Advance Tax |
20% |
Administrative Procedures |
||
Income Computation and Disclosure Standards – (ICDS) |
||
Paper 8- Cost Accounting (CA) |
||
Section A- Introduction to Cost Accounting |
Cost Ascertainment – Elements of Cost |
40% |
Cost Accounting Standards |
||
Cost Bookkeeping |
||
Methods of Costing |
30% |
|
Cost Accounting Techniques |
Marginal Costing |
30% |
Standard Costing & Variance Analysis |
||
Budget and Budgetary Control (simple problems only) |
CMA intermediate syllabus 2021: Group 2
Paper 9- Operation Management & Strategic management (OMSM) |
||
Section A- Operations Management (70%) |
Operations Management – Introduction |
15% |
Operations Planning |
||
Designing of Operational Systems and Control |
35% |
|
Production Planning and Control |
||
Productivity Management and quality management |
||
Project Management |
20% |
|
Economics of Maintenance and spares management |
||
Section B- Strategic Management |
Strategic Management Introduction |
30% |
Strategic Analysis and Strategic Planning |
||
Formulation and Implementation of Strategy |
||
Paper 10- Cost and Management Accounting, Financial Management |
||
Section A- Cost, Management Accounting and Financial Management |
Cost and Management Accounting – Introduction |
50% |
Decision Making Tools |
||
Budgeting and Budgetary Control |
||
Standard Costing and Variance Analysis |
||
Learning Curve |
||
Section B- Financial Management |
Introduction to Financial Management |
50% |
Tools for Financial Analysis and Planning |
||
Working Capital Management |
||
Cost of Capital, Capital Structure Theories, Dividend Decisions |
||
Capital Budgeting – Investment Decisions |
||
Paper 11- Indirect Taxation (ITX) |
||
Section A- Cannons of Taxations – Indirect Tax GST |
|
80% |
Section B- Customs Laws |
Basic Concepts |
20% |
Types of Duties |
||
Valuation under Customs |
||
Import and Export Procedure |
||
Customs Rules, 2017 |
||
Paper 12- Company Accounts and Audit (CAA) |
||
Section A- Accounts of Joint Stock Companies (50%) |
Accounting of Shares and Debentures
|
25% |
Presentation of Financial Statements
|
||
Cash Flow Statement
|
||
Section B- Auditing (50%) |
Accounts of Banking, Electricity and Insurance Companies |
25% |
Accounting Standards |
ICMAI CMA Intermediate 2021: Passing Criteria
The CMA intermediate exam 2021 is worth 100 marks for each paper. Candidates need to score an aggregate of 50% in the papers of each group to qualify the CMA intermediate course. The passing criteria are mentioned in the table below.
CMA Intermediate 2021 Passing Criteria
CMA intermediate subjects 2021 |
Sectional cut off % |
Overall cut off % |
Financial Accounting |
40 |
50% |
Laws & Ethics |
40 |
|
Direct Taxation |
40 |
|
Cost Accounting and Financial Management |
40 |
|
Operations Management & Strategic Management |
40 |
|
Cost & Management Accounting and Financial Management |
40 |
|
Indirect Taxation |
40 |
|
Company Accounts & Audit |
40 |
ICMAI CMA Intermediate 2021: Result
The CMA intermediate 2021 exam results will be released following the exams. Candidates will be notified of their CMA intermediate 2021 results via their registered mobile number or email address. To view the results, they must enter their registration number and Captcha code. Candidates will be able to send their answer books for verification 30 days after the results are announced.
We have covered complete details on the ICMAI CMA Intermediate 2021. If you have any queries related to the ICMAI CMA Exam, feel free to comment below.
Frequently Answered Questions on ICMAI CMA Intermediate 2021:
When will CMA exam 2021 will conduct?
The CMA 2021 will conduct on 23 July 2021.
What is the application fee paid by the Indian national?
The application fee paid by the Indian national is INR 20,000.
What are the steps to fill CMA Exam form?
You can refer to the steps mentioned in the article above.
Where are overseas centre located for CMA Exam?
The overseas centre located for CMA Exam are Bahrain Dubai Muscat
What are the topics included in Group-I of CMA Intermediate Exam?
Paper 5: Financial Accounting
Paper 6: Law and Ethics
Paper 7: Direct Taxation
Paper 8: Cost Accounting
What are the topics included in Group-II of CMA Intermediate Exam?
Paper 9: Operations Management and Strategic Management
Paper 10: Cost and Management Accounting and Financial Management
Paper 11: Indirect Taxation
Paper 12: Company Accounts and Audit
Can I pay CMA Exam fee offline?
Yes, you can pay through Challan of Punjab National Bank, IDBI Bank, or Central Bank of India.