CMA Foundation Passing Criteria and Marking Scheme

CMA Foundation Passing Criteria and Marking Scheme

Thinking about becoming a Cost Accountant or Management Accountant? You begin with the CMA Foundation course. This guide shows you who can take the CMA Foundation exam, how to sign up, how grades are calculated.

What is the CMA Course?

The Cost plus Management Accountant program, from The Institute of Cost Accountants of India, gives students skills in figuring out costs, managing money, making smart choices for a business CMA Foundation Passing Criteria and Marking Scheme.

The program has three parts: Foundation, Intermediate, then Final. Each part builds on what you learned, teaching you more complex ideas about money, taxes, running a business.

People finishing high school can start with the Foundation level. Most people finish the CMA course in three or four years, but it depends on how quickly they learn. People with CMA credentials find jobs in:

• Keeping track of, then lowering expenses

• Looking at money stuff, figuring out how to spend it, then seeing how things are going

• Checking records inside a company, also inspecting them from the outside

• Helping businesses with expert advice, offering guidance on important decisions

• How businesses plan things, make choices

Eligibility for CMA Foundation

Students can take the CMA Foundation course if they have:

• Completed twelfth grade studies with a school approved by the Institute of Chartered Accountants of India.

• High school students finishing their final year can sign up now, even before graduation. They can take the test after they receive their high school diploma.

How to Register for CMA Foundation

People can submit applications via the ICAI website. After you sign up, your registration lasts for three years. You can take the exam many times during those three years, as ICAI offers it regularly.

Documents Required

To register easily, applicants need to have these documents available:

• Your grades from tenth grade

• Your grade report from twelfth grade, if you’ve finished school

• Valid government-issued photo ID

• Recent passport-size photograph

• Scanned digital signature

• Active email ID and mobile number

CMA Foundation Exam Cycle

The CMA Foundation test happens two times each year, in June, then again in December. To do well in school, students need to study when assignments are given. This helps them learn the material, improving their grades.

CMA Course Structure

The CMA program has three stages: a beginning level, a middle level, a concluding level. Students need to pass three parts to get a CMA certificate. The courses move step by step, starting with simple ideas then building to harder concepts in business leadership, money choices.

CMA Foundation – Subjects & Syllabus

The first stage of learning covers basic accounting topics, also how organizations are run, with four courses:

• Paper 1: Fundamentals of Economics & Management

• Paper 2: Fundamentals of Accounting

• Paper 3: Fundamentals of Laws & Ethics

• Paper 4: Fundamentals of Business Mathematics & Statistics

Exam Pattern – Foundation

• Each paper takes three hours to complete

• Each subject provides one hundred points for evaluation

• Passing Requirement: Minimum 40 marks in each paper

• Question Type: Objective and short descriptive questions

• Negative Marking: None

CMA Intermediate – Eligibility & Subjects

You need to pass the Foundation exam before you can take the CMA Intermediate exam.

You can go straight in sometimes, like when:

• We need people who finished a business degree, earning a grade of 55% or better.

• ICMAI accepts other qualifications you might have.

  
  

Subjects – Intermediate Level

The middle level has two sections, they include bookkeeping, taxes, business operations.

Group 1:

• Cost Accounting

• Laws & Ethics

• Direct Taxation

• Company Accounts & Audit

Group 2:

• Financial Accounting

• Operations & Strategic Management

• Indirect Taxation

• Cost & Management Accounting and Financial Management

Exam Pattern – Intermediate

• Each paper takes three hours to complete

• Each subject earns students a total of 100 points

• You need to score at least 40% on each test. Your total score across all tests must be 50% or higher to pass

• The material mixes ideas with real-world problems

CMA Final – Eligibility & Subjects

To register for the Final Level, students must:

• Complete both parts of the Intermediate level.

• Finish 15 months of hands-on training following ICMAI rules.

Subjects – Final Level

Group 3:

• Corporate Laws & Compliance

• Strategic Financial Management

• Strategic Cost Management – Decision Making

• Direct Tax Laws & International Taxation

Group 4:

• Corporate Financial Reporting

• Strategic Performance Management & Business Valuation

• Strategic Cost Management – Advanced Strategies

• Indirect Tax Laws & Practice

Exam Pattern – Final

• Each subject takes three hours to complete

• Each assignment receives a maximum score of 100

• You need to score at least 40 percent on each test, also achieve a total score of 50 percent to pass

• The material focuses on real situations, questions test how you use the information

Salary Scope for CMA Professionals in India

A CMA certification leads to great jobs in many types of businesses. Pay changes depending on how much experience someone has, what they are good at, how big the company is, the specific job they do. Here’s a look at common jobs, with typical yearly pay in India:

Job Title	Average Salary (INR per annum)
Cost Controller	₹6.94 LPA
Finance Manager	₹10.86 LPA
Chief Financial Officer	₹36.98 LPA
Senior Financial Analyst	₹8.17 LPA
Certified Management Accountant	₹5.00 LPA
Cost Accountant	₹7.05 LPA
Finance Analyst	₹5.40 LPA
Internal Auditor	₹5.85 LPA
Financial Controller	₹24.35 LPA