ICMAI CMA Intermediate Exam 2021: Know Exam Dates, Eligibility Criteria and More.

CMA Intermediate Exam

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.   

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