CMA Final – Overview
CMA Final Course: A Complete Guide
If you wish to pursue a rewarding career as a Cost & Management Accountant (CMA), you have to take the Advanced CMA Exam, which is considered the last phase of achieving this huge qualification.
CMA Course Structure comprises three levels, providing comprehensive theoretical and practical knowledge in:
- Financial Reporting
- Advanced Management Accounting
- Strategic Financial Management
- Advanced Taxation
As per the Institute of Cost Accountants of India (ICMAI) new scheme:
- The Advanced CMA Exam is held twice a year: June and December
- This exam is the concluding step in your CMA journey
CMA Final Course Complete Details
Before aspirants start applying for the Professional CMA Exam, they must ensure that they know the basic details of the exam, presented below:
| Particular | Details |
|---|---|
| Exam Name | CMA Final |
| Conducted by | Institute of Cost Accountants of India (ICMAI) |
| Exam Level | National Level |
| Eligibility | Completion of CMA Intermediate Course |
| Preparation Period | 6-12 Months |
| Papers | 8 Papers |
| Duration of Exam | 3hrs per paper |
| Mode of Exam | Offline/Online |
| CMA Final Total Fees | ₹25,000 (approx.) |
| Frequency | 2 times a year i.e. June and December |
| Passing Criteria | Per subject – 40% | Aggregate – 50% |
CMA Final Important Dates
CMA Last Stage Exam Date
| Events | Dates |
|---|---|
| Term of Exams | June/December |
| Last date of registration with ICMAI | 31st January for June term / 31st July for December term |
| Where to apply | www.icmai.in (online) with respective regional chapters (offline) |
| Availability of exam form | Approx. 2 months before the exams |
| Availability of admit card | Around 10 days before the exam |
| CMA Final exam date | (To be confirmed by ICMAI) |
| Announcement of CMA Final result | (To be confirmed by ICMAI) |
Eligibility Criteria for the Final Level CMA Course
Eligibility for Admission:
(a) A candidate must have completed the CMA Intermediate examination from ICMAI or any other equivalent qualification.
How To Register For Final Level CMA Course?
All eligible students can register for the CMA Last Stage Exam. The registration process for ICMAI is open throughout the year, but to join the CMA Final course, one must register before the dates mentioned.
- For June 2025 exams, register before 31st January 2025.
- For December 2025 exams, register before 31st July 2025.
Professional CMA Course Registration
For the Professional CMA Registration process, here are the documents you need:
- Attested copy of CMA Intermediate Marks Statement
- Attested copy of 12th/Graduation certificate
- Passport size photographs (three)
Final Level CMA Registration Process
Follow these steps to complete the registration:
- Visit the ICMAI website and navigate to the ‘Online Admission’ section.
- Select ‘Apply for Final Level CMA Registration’.
- Create a new login account.
- Fill in personal and academic details.
- Upload the required documents.
- Pay the registration fees online through credit/debit card or net banking.
- Upon successful registration, you will receive login credentials and a confirmation email.
Advanced CMA Exam Passing Criteria
To pass the Advanced CMA Exam, students must:
- Secure at least 40% in each paper.
- Achieve an aggregate score of 50% across all subjects.
Final Level CMA Exam Form
The fee for exam will be 1800/- for single group and 3200/- for both groups
Advanced CMA Admit Card & Updates
Obtaining the Admit Card:
- Admit cards can be downloaded from the ICMAI website.
- Available 10 days before the exam.
- ICMAI does not send admit cards physically.
Corrections & Reminder:
- Print 3-4 copies of your admit card.
- Ensure Center and Medium details are accurate.
- Admit cards can be downloaded up to 3 times.
- Bring valid ID proof and multiple copies of the admit card to the exam center.
Syllabus for the Final CMA Level
Group-III
- Paper 13: Corporate and Economic Laws (CEL)
- Paper 14: Strategic Financial Management (SFM)
- Paper 15: Direct Tax Laws and International Taxation (DIT)
- Paper 16: Strategic Cost Management (SCM)
Group-IV
- Paper 17: Cost and Management Audit (CMAD)
- Paper 18: Corporate Financial Reporting (CFR)
- Paper 19: Indirect Tax Laws and Practice (ITLP)
Electives
- Paper 20A: Strategic Performance Management and Business Valuation (SPMBV)
Crack the CMA Final Exams with Confidence!
Here are tips to pass your Advanced CMA Exam with confidence:
- Read through the syllabus followed by the exam pattern and the topic weights.
- Prepare a study timetable with time for a break with practicing tests thereafter.
- Prepare short notes in order to revise in quick time.
- Aim to finish the syllabus a month before the exams for revision.
- Take care of yourself, seek guidance, and keep your spirits high.
FAQs
Ans. CMA Final is basically the final examination in chronological order of the CMA course providing greater insight into various topics of cost and management accounting.
Ans.
Group-III
- Paper 13: Corporate and Economic Laws (CEL)
- Paper 14: Strategic Financial Management (SFM)
- Paper 15: Direct Tax Laws and International Taxation (DIT)
- Paper 16: Strategic Cost Management (SCM)
Group-IV
- Paper 17: Cost and Management Audit (CMAD)
- Paper 18: Corporate Financial Reporting (CFR)
- Paper 19: Indirect Tax Laws and Practice (ITLP)
Electives
- Paper 20A: Strategic Performance Management and Business Valuation (SPMBV)
Ans. To qualify the CMA Final examination, the candidates should obtain 40 percent marks in each exam and an overall 50% aggregate.