CMA 2024: Dec Admit Card (Out), Exam Date (Dec 10 - 17)

CMA 2024 admit card for the December session exam has been issued on Dec 1, 2024. The CMA 2024 hall ticket has been released on the official website in online mode. Applicants are required to enter the login credentials to download their hall ticket.

Further, the exam schedule for the Dec session has been released. The CMA exam date 2024 for Inter and Final subjects is scheduled to take place from Dec 10 to 17, 2024. Further, the exam for CMA Foundation subject has been scheduled for Dec 15, 2024.

In addition, applicants must note that there are four new test centres added by the authority for the December 2024 session examination. The test centre name includes, Muzaffarpur, Kurnool, Sivaganga, and Jeypore.

CMA 2024 Admit Card

CMA exam 2024 Dec session admit cards for the Foundation, Intermediate, and Final exams has been released on Dec 1, 2024. The registered candidates can check and download their Dec session CMA admit card 2024 using their registration number.

Candidates must carry a hard copy of the CMA admit card for the exam else will not be permitted to enter the examination hall and appear for the exam.

Steps to Download CMA Exam 2024 Admit Card

Candidates can follow the steps mentioned below to download the CMA 2024 admit card.

• Step 1: Candidates must visit the official website of ICAI - icmai.in.
• Step 2: They have to click on the ‘Examination’ tab and select the ‘Admit Card’ link that is available.
• Step 3: The link is redirected to a login page where the course must be selected.
• Step 4: Candidates must select ‘Student’ on the displayed page and click on ‘Print Admit Card’.
• Step 5: The link will be redirected to a page where the course must be selected, and the current registration number must be entered.
• Step 6: Candidates can click on ‘Print Admit Card’.

CMA Exam Centres 2024

The CMA exams are conducted in the northern, southern, western, and eastern parts of India in different cities of different states. The students can opt for a centre that is the most convenient for them in any of these cities.

Furthermore, applicants must note that four new test centres added by the authority for the December 2024 session examination. The CMA test centre name includes, Muzaffarpur, Kurnool, Sivaganga, and Jeypore.

The states and number of centres as set by the ICMAI are given below.

CMA India Exam Centres

States	Centres
Jammu & Kashmir	Jammu, Srinagar.
Himachal Pradesh	Shimla
Punjab	Jalandhar, Ludhiana, Patiala
Uttarakhand	Dehradun, Haridwar
Haryana	Faridabad
Delhi	Delhi
Uttar Pradesh	Allahabad, Agra, Ghaziabad, Kanpur, Noida, Lucknow
Rajasthan	Jaipur, Jodhpur, Kota, Beawar City, Bikaner, Udaipur, Bhilwara
Gujarat	Ahmedabad, Vapi, Baroda, Surat, Adipur-Kutch
Madhya Pradesh	Bhopal, Jabalpur, Indore, Vindhyanagar
Jharkhand	Jamshedpur, Dhanbad, Bokaro, Ranchi, Hazaribag
Bihar	Patna
Assam	Duliajan, Guwahati
Odisha	Bhubaneswar, Rourkela, Berhampur, Cuttack, Agartala
Andhra Pradesh	Visakhapatnam, Vijayawada, Nellore, Guntur, Tirupati, Rajahmundry
Maharashtra	Mumbai, Kalyan, Nagpur, Kolhapur, Nashik, Solapur, Pune, Vashi, Aurangabad, Akurdi (Pune)
Chhattisgarh	Raipur, Bilaspur, Bhilai
Goa	Margao- Goa
Andaman	Port Blair
Meghalaya	Shillong
Tripura	Agartala
Tamil Nadu	Chennai, Madurai, Salem, Coimbatore, Vellore, Tiruchirapalli, Neyveli, Erode, Tirunelveli
Puducherry	Puducherry
Telangana	Hyderabad
West Bengal	Kolkata, Naihati, Howrah, Asansol, Siliguri, Durgapur
Karnataka	Bangalore, Mangalore, Mysore
Kerala	Trivandrum, Thrissur, Calicut, Kannur, Ernakulam, Kottayam, Kottakkal (Malappuram), Kollam, Palakkad
Chandigarh	Chandigarh

CMA 2024 exam centres overseas are as follows:

• Bahrain
• Muscat
• Dubai

CMA Application Form 2024

CMA 2024 application form for Dec session is available on the official website at icmai.in. The last date to fill out and submit CMA application form 2024 for the Foundation program was Oct 15, 2024.

To be eligible to take the CMA exam in December 2024, candidates will have to complete the CMA online registration within the time-frame indicated. Further, the last date to register for the Inter and Final program was extended till Oct 17, 2024.

The candidates will be provided a facility to edit and make corrections to the application form shortly. Candidates could register for the exam from the official website of the ICMAI. The applicant must follow the following steps to apply/ register for the examinations.

• The applicant must keep all the necessary documents ready at the time of application. The applicant must thoroughly review the official website's instructions before applying.
• The applicant must submit their application form via postal after filling it out along with the required documents and remittances concerning their regional councils or chapters.
• The candidates can apply online as well. The candidate must fill out the application form available on the official website of ICAI with the necessary details.
• The candidate must pay an application fee, without which the application is incomplete. The fee payment can be made via online mode.
• The applicant must know their registration/ application ID for further registration after the foundation course.

Also Read: How to Become a CMA?

CMA Exam 2024 Fees

CMA exam fees vary for different courses. The detailed fee structure for the CMA December session examination has been given in the tabular below.

CMA Exam 2024 Application Fees

Examination	Application Fee (India)	Application Fee (Overseas)
Foundation Course	INR 1200	USD 60
Intermediate Course (Group 1 or 2)	INR 1200	USD 90
Intermediate Course (Groups Combined)	INR 2400	USD 90
Final Course (Group 1 or 2)	INR 1400	USD 100
Final Course (Groups Combined)	INR 2800	USD 100

CMA 2024 Exam Dates

CMA Dec exam dates 2024 have been released by ICMAI. The CMA Foundation Dec exam is on Dec 15, 2024. The CMA Inter and Final exam is from Dec 10 to 17, 2024.

The Institute of Cost Accountants of India (ICMAI) has released the dates for the CMA Foundation, Intermediate, and Final exams. ICAI conducts CMA exams twice every year in June and December. The official notification for the Dec session are provided below.

CMA 2024 Important Events	Links
CMA Foundation Dec Notification 2024	Download Here
CMA Inter & Final Dec Notification 2024	Download Here
CMA Foundation Notification 2024 (June)	Download Here
CMA Exam 2024 Inter and Final Notification (June)	Download Here

CMA 2024 Exam Date

According to the notification, the CMA Foundation exam 2024 for the Dec session is set to be conducted on Dec 15, 2024. Further, the exam for Inter and Final program will take place from Dec 10 - 17, 2024.

Students must check the table shared below.

Events	Important Dates
Upcoming Events
CMA Exam Dates 2024	Foundation: Dec 15, 2024 Intermediate & Final: Dec 10 - 17, 2024
Past Events
CMA Exam Application Form Last Date	Foundation: Apr 16, 2024 Intermediate & Final: Apr 10, 2024
Application Correction Window	Foundation: May 2024 Intermediate & Final: May 2024
Availability of CMA Admit Card	Foundation: May 31, 2024 Intermediate & Final: May 31, 2024
CMA Exam Dates (Jun Session)	Foundation: Jun 16, 2024 Intermediate & Final: Jun 11 - 18, 2024
CMA December 2024 Term: Last Date of Enrolment	Aug 10, 2024
CMA Jun Result 2024 Dates	Foundation: Jul 11, 2024 (Out) Intermediate & Final: Aug 23, 2024 (Out)
CMA Dec Exam Application Form Last Date	Foundation: Oct 15, 2024 (Closed) Intermediate & Final: Oct 17, 2024 (Extended)
CMA Dec Application Correction Window	Foundation: Oct 2024 Intermediate & Final: Oct 2024
Availability of CMA Dec Admit Card	Dec 1, 2024 (Out)

CMA Dec 2024 Foundation Exam Date	CMA Foundation Exam Time (10 AM to 12 Noon)	CMA Foundation Exam Time (2 PM to 4 PM)
Dec 15, 2024	Paper 1: Fundamentals of Business Laws and Business Communication	Paper 3: Fundamentals of Business Mathematics and Statistics
	Paper 2: Fundamentals of Financial and Cost Accounting	Paper 4: Fundamentals of Business Economics and Management

CMA December 2024 Exam Dates: Intermediate & Final

ICMAI will conduct the CMA Intermediate & Final exam from Dec 10 to 17, 2024. Further, CMA students must submit the exam form by Oct 17, 2024, to take the Inter & Final exam in the December 2025 term.

The following table lists the CMA December test dates for Intermediate courses:

CMA 2024 Dec Exam Date	CMA Exam Time (2 PM to 5 PM)
Dec 10, 2024	Paper 5: Business Laws and Ethics
Dec 11, 2024	Paper 9: Operations Management & Strategic Management
Dec 12, 2024	Paper 6: Financial Accounting
Dec 13, 2024	Paper 10: Corporate Accounting and Auditing
Dec 14, 2024	Paper 7: Direct and Indirect Taxation
Dec 15, 2024	Paper 11: Financial Management and Business Data Analytics
Dec 16, 2024	Paper 8: Cost Accounting
Dec 17, 2024	Paper 12: Management Accounting

About CMA

The Certified Management Accountant (CMA) credential is an advanced professional certification designed to measure an individual's accounting and financial management skills that drive business performance. CMA is a great career move for anyone who wants to make it big in Cost and Management Accounting.

Obtaining a CMA certification shows a high level of competence and a strong commitment to continuous self-improvement and high ethical standards. CMA exam has a 50% global pass rate with over 70,000 peers when the exam is cleared.

CMA exam is conducted twice every year. Candidates can register for CMA exam whenever it is most suitable for them. The applicant must be eligible as per the criteria to apply for different levels of courses.

There are 3 credentials available which are given below in detail. Upon completing all three levels of CMA, candidates can have well-paying careers in accounting, finance, etc. You can read below for more information on CMA exams.

To provide and regulate education for students who intend to pursue a profession in the field of Cost and Management Accountancy, the Institute of Cost Accountants of India (ICAI) conducts CMA (Certified Management Accountant) exam to provide different courses at three levels, foundation course, intermediary course, and the final course.

CMA Exam 2024 Highlights

Particulars	Details
Exam Name	CMA
Full Form	Certified Management Accountant
Conducting Board	Institute of Cost Accountants of India (ICAI)
Number of Parts in the Exam	2 parts (CMA I, CMA II)
Exam Time Duration	4 hours per exam
The Period for Completing Both the Exam Parts	3 years
Recommended Study Hours Per Part	150-170 hours of study
Salary Advantage	55% on a global scale, 70% of CMAs between the ages of 20-29
Available testing windows for CMA Exam	Jan/Feb or May/June or Sept/Oct, every year

Note: This credential is not supposed to be confused with “Certified Medical Assistant”.

There are various CMA credentials available based in the country where the course and exam are being conducted. They are CMA-US, CMA-India, CIMA-UK. A few highlights about these credentials are as follows:

Highlights of CMA in Different Countries

	CMA-US	CMA-India	CIMA-UK
Credential Issued By	IMA (Institute of Management Accountants), US	ICAI(The Institute of Cost Accountants of India), India	CIMA(Chartered Institute of Management Accountants), UK
Course Duration	6 months	3-4 Years	2-4 Years
Approximate Cost (Training + Examination)	INR 120k - 150k	INR 100k	INR 200k
Academics	2 papers, single-level exams	20 papers, 3 levels of examination	16 papers, 5 levels of examinations
Recognition	Globally Recognized	India	The UK and other Soviet Nations

CMA Eligibility Criteria 2024

As mentioned before, the CMA course has 3 levels such as foundation, intermediate, and final courses. The student is awarded a CMA credential after passing all three level exams. The CMA Eligibility Criteria 2024 for students appearing for the exam are different for each level of the course.

The applicants must check the criteria given on the official website of ICAI. Only those who are eligible based on these criteria are allowed to attend the exams.

To appear for CMA foundation exam candidate must have passed class 10+2 or equivalent from a recognized educational institute.

Candidates who are appearing for CMA intermediate level need to have passed the foundation exam and before taking the CMA final exam, candidates need to have passed the CMA intermediate and also need to have practical work experience as required.

The applicants must make sure that they satisfy all the criteria before registering. The eligibility criteria for the CMA exam are given below:

Education Qualifications

Bachelor’s degree from an accredited college or university. If a bachelor’s degree is not available, then there is an option to sit for the exam and then acquire the bachelor’s degree within 7 years of taking the exam.

Institute of Management Accountants (IMA)

The candidate needs to hold an active membership with the IMA. The candidate needs to abide by the IMA’s Statement of Ethical Professional Practice.

Institute of Cost Accountants of India (ICAI)

The IMA has an active Mutual Recognition Agreement with the ICAI. Members of the ICAI, upon paying the annual membership fees of the IMA and CMA registration fees, can waive off CMA Exams.

CMAs who wish to be a part of the ICAI can do so and they can also waive off the ICAI Exams.

Note: The candidate is required to clear both parts of the CMA exam.

Experience Requirement for CMA 2024

Two continuous years of experience in management accounting and/or financial management. This requirement too can be completed within 7 years after clearing the exams.

Continuous part-time experience of 20+ hours a week.

CMA Exam Pattern 2024

CMA exam 2024 is conducted twice yearly, in June and December, as a Computer-Based Test (CBT) with a proctor. The questions are of both objective and descriptive nature, conducted for 3 hours with 15 minutes extra reading time, and each paper carries a total of 100 marks.

The question paper has 80% compulsory questions and 20% optional questions where there are choices. The CMA exam pattern 2024 differs for foundation courses and intermediate and final courses, which are discussed in detail below.

• CMA 2024 Foundation Course Exam Pattern: The foundation course exam is objective type. The exam has 4 papers for this course, each out of 100 marks, as mentioned below.
• CMA 2024 Intermediate Course Exam Pattern: The intermediate course is descriptive. This course has 2 groups with 4 papers each.
• CMA 2024 Final Course Exam Pattern: The final course examination is also descriptive, with 2 groups of 4 papers each.

Tips to Plan and Use the Exam Time Strategically

The students are advised to go through the question paper carefully during the reading time, decide on the questions they want to attempt, and first answer the questions that are easy for them and continue in the same order.

The compulsory questions are to be answered as they cost 80% of the total marks. The students are expected to answer the questions completely rather than attempting every question with incomplete answers. If there are numerical questions, they are to be answered in the beginning as it requires more time, and theory questions afterward.

The student must write the answers in detail and write the answer briefly in case of no time. At the time of writing numerical questions, the students are to leave space on the left side of the page to show the work and calculations. The applicants can refer to the official website of ICMAI for guidelines for writing the exams.

CMA Syllabus 2024

The CMA syllabus 2024 is given in detail on the official website. The students must thoroughly review the syllabus at the time of the exam for every paper and gather all possible study materials such as reference books, guidebooks, and other notes.

CMA previous year's question papers are available on the website which can help the students understand the question patterns and prepare accordingly. They can attend the mock tests regularly, which will also help them understand time management.

The foundation course has 4 papers and the intermediate and final courses are divided into 2 groups with 4 papers in each group, with a total of 8 papers in each course. The courses and the papers are as mentioned below.

CMA 2024 Syllabus for Foundation Course: This course has 4 papers in total, each for 100 marks. The subjects are as mentioned below

• Fundamentals of Laws and Ethics
• Fundamentals of Business Mathematics and Statistics
• Fundamentals of Economics and Management
• Fundamentals of Accounting.

CMA 2024 Syllabus for Intermediate Course: The intermediate course has 2 groups, with 4 papers each. The total mark for each paper is 100. The subjects are as follows:

• Direct Taxation
• Indirect Taxation
• Operations Management and Strategic Management
• Cost Accounting
• Company Accounts and Audit
• Cost & Management Accounting and Financial Management
• Laws and Ethics
• Financial Accounting.

CMA 2024 Syllabus for Final Course: The final course has 2 groups with 4 papers as well of a total of 100 marks each. The subjects for each paper are as given below:

• Indirect Tax Laws and Practise
• Tax Laws and International Taxation
• Corporate Laws & Compliance
• Strategic Performance Management & Business Valuation
• Strategic Financial Management
• Cost and Management Audit
• Strategic Cost Management- Decision-Making
• Corporate Financial Reporting.

The candidate may check the official website of ICMAI for detailed information regarding the syllabus for CMA 2024 examinations.

CMA Reference Books 2024

CMA 2024 reference books are an important part of CMA 2024 preparation. Candidates must collect these CMA books to study the topics of the syllabus as these reference books are the most helpful for aspirants of CMA 2024.

CMA 2024 syllabus includes financial concepts like budgeting, cost management, risk management, etc. The syllabus for the different level courses is different. It is important to pass the exam in a single attempt as the fees of the exam can be expensive. To qualify for all the levels in one attempt, candidates must prepare well for the exam by studying every topic in the syllabus and having a deep understanding of the basic concepts.

Candidates should assess themselves by taking a sample test or mock test and prepare accordingly for the exam. They can also take the help of reference books. Candidates must ensure that the books which they buy are the latest editions with each topic of the CMA 2024 syllabus. The student can visit the official website of ICMAI for the syllabus and related study materials.

• Wiley CMA Excel Learning System Exam Review and Online Intensive Review: Part 1 - IMA
• Wiley CMA Excel Learning System Exam Review and Online Intensive Review: Part 2 - IMA
• Wiley CMA Excel Exam Review Flashcards - IMA
• Introduction to Management Accounting - Charles T. Horngren

CMA 2024 Exam Preparation

CMA 2024 aspirants must prepare for the exam months in advance. The study routines and practice must be thorough. The revisions must be weekly to improve accuracy and time management. CMA aspirants must gather all the right study materials to be able to study thoroughly for CMA exam.

The preparation of the candidates depends on the amount of hard work they put into their studies. Candidates must not only study but also make effective study routines. The preparation tips for CMA 2024 aspirants are given below.

Follow a Study Plan

To plan is to prepare for success. An in-depth study plan can ensure you cover all essential material and keep you on track.

Choose a study plan that is flexible to your lifestyle. If you are preparing for CMA exam 2024 while doing a job or have family commitments, you need to have a plan that will lead you to success. The candidates must also revise weekly to check their progress and whether their study routine has helped them.

Perhaps, this will require evening and weekend study sessions for several more weeks than someone who does not a full-time job or family commitments.

Use the SQ3R Technique

The best study technique is the SQ3R technique. It helps you retain over 80% of what you study by using a simple method.

S-Survey the material you are about to study. Surveying can be as basic as skimming through the headings and sub-headings of the chapter you are about to study.

Q-Question yourself, ask yourself what the key points are or what formulas you need to memorize. This will help you connect the dots as you make your way through the material. This will also help you point out the subjects and topics that you need to work on and improve effectiveness.

R-Read actively read the material and keep your questions at the forefront of your mind. Another technique of active reading is to highlight or make notes as you go along. This helps you to not just study but also understand the topics and the subjects and remember them more thoroughly.

R-Recite. After reading a section, close your textbook and try to recite as much information back as you can remember. This is another effective technique to check your memory and how effectively you are studying.

R-Review. Go back to your textbook and review your highlighted points and points to drive it all home.

Previous Year Question Papers and Mock Tests

Another important practice that the candidates must take up is taking mock tests daily or at least weekly. Practicing previous year's question papers will give the candidates a good idea of what the CMA exam 2024 will be like. This will also help the candidates to track their progress and check their accuracy. Practice will also help the candidates remain confident during CMA Exam 2024.

Lastly, if the candidates have doubts or are unclear about any particular topic they can always seek professional guidance. The candidates must be clear about the topics and the subjects they have studied

CMA Coaching Centres

The ICMAI provides coaching for those who aspire to complete the CMA exam 2024 for all three courses. The organization provides coaching via postal as well as online modes. The students must opt for the postal coaching at the time of either admission for the foundation course, register for the intermediate course exam, or enroll for the final course exam.

Foreign students can only attend coaching via postal mode. The students must mention their identification/ registration number in all the interactions with the Regional Council, and the Directorate of Studies, Kolkata.

The students must get admission to either a recognized oral coaching centre, CMA support centre, chapter, or regional council to attend the course through online coaching. The lecture or coaching is for 4 months with 240 lectures minimum per course, with each lecture for 45 minutes. For further details of postal and online coaching, the student can refer to the official website of ICMAI for a better understanding of the process of application and other related matters.

CMA Exam Paper Analysis 2024

CMA exam 2024 paper analysis for the Inter, Final, and Foundation exam scheduled for December session will be released probably by Dec 2024. The analysis will be shared with the students as and when released.

Further, the paper analysis for the Jun session exam commenced for the Foundation program on Jun 16, 2024 has been released. Candidates must check the table shared below showing the analysis for the exam shared.

The analysis will help students learn the exam pattern, question structure, etc.

Particulars	Link
CMA Exam Foundation Paper Analysis 2024	Download Here

CMA Exam Answer Key 2024

CMA unofficial answer key 2024 for the Inter, Final, and Foundation program for the December session will probably be released by Dec 2024. The answer keys will be released by the authority on the official website.

Further, the answer key has been released for the Foundation exam that commenced on Jun 16, 2024. The answer key, for now, has been released based on the reviews received from the candidates who appeared.

Applicants must check the answer keys shared.

Particulars	Link
CMA Exam Unofficial Answer Key 2024	Download Here

CMA Exam Results 2024

The Institute of Cost and Management Accountants of India (ICMAI) announced the CMA Inter & Final results on Aug 23, 2024. Candidates can view the results by entering their 17-digit registration number on the ICMAI login portal.

Further, the CMA Foundation Jun 2024 results was released on Jul 11, 2024. Candidates who took the CMA exam can check their results on the official website, icmai.in.

Steps to Check CMA 2024 Results

Candidates can follow the steps mentioned below to check and download the CMA Final results 2024.

• Step 1: Candidates must visit the official website of ICMAI and click on the 'Examination' tab.
• Step 2: They gave to select the 'Result' link available on the dropdown menu.
• Step 3: The link will be redirected to display a list of links for the results of different exams for each term. Select the link for the correct exam.
• Step 4: A new window will open. Candidates will have to click on the 'Online Results' link.
• Step 5: Candidates are not required to enter the identification number and click 'View Result'.
• Step 6: Finally, the candidates can click on the 'Download' option to download the result for future reference.

Don't Miss: CMA Direct Entry Eligibility 2024

CMA Topper 2024

ICMAI has released the CMA Inter and Final 2024 June session toppers list. The list has been released along with the results on Aug 23, 2024 on the official website.

Nikita Bansal from Surat and Tejaswini Kothapeta from Tirupati has secured AIR 1 in Inter and Final, respectively. Students must check the toppers list for both the programs shared below.

CMA Inter 2024 June Toppers List

CMA 2024 topper for the Inter June session is Nikita Bansal. Candidates must check the detailed list shared.

CMA Final 2024 June Toppers List

The CMA Final program 2024 toppers list has been released and Tejaswini Kothapeta from Tirupati secured AIR 1. The detailed toppers list of June 2024 session is given below.

CMA Scholarship 2024

The Institute of Cost Accountants of India (ICAI) offers financial aid and scholarship programs for high-achieving students to facilitate them to earn a CMA credential and kick-start their career as and when they graduate from college.

The organization offers financial support to provide economically challenged students who have excellent merit records, waiver of the fees paid by students who are handicapped, and other government scholarship programs. The financial assistance programs are discussed in detail below.

Eligibility for CMA Scholarship

Students must check the CMA 2024 eligibility details for the scholarship given below.

• High Achieving students (students can be studying anywhere between undergraduate through PhD.)
• Students who attend an accredited college or university.
• 10 students per year per academic year can be nominated for a scholarship.
• All students who are nominated by a professor can land a scholarship.
• The application forms for the professor to nominate students for the scholarship can be found on the official website. The students cannot self-nominate.

The scholarship includes the following.

• Entrance Fee into the CMA program.
• Exam support package with question papers that appeared in the previous years plus a glossary of terms.
• Registration fees cover both parts of the exam (excluding the fees for retaking the exam).
• Wiley CMAexcel Online Test Bank for both exam parts is valid for up to two years(all regions except China and India).
• Up to three years of IMA membership while pursuing the certification.

Note: The student is required to activate the scholarship within two weeks of notification from the IMA.

Why Take the CMA Exam While Studying?

• Students have demonstrated a high ability to succeed in the exam as most of the exam content is covered in the coursework.
• Both exam parts can be taken and Experience requirements can be fulfilled after graduation.
• The amazing ROI of holding both CPA and CMA certifications.
• CMAs between the age of 20-29 can earn 70% more in compensation than non-CMAs globally.

Financial Assistance Scheme for Economically Challenged and Meritorious Students

This program provides financial support to eligible students to help them get a quality education and pursue a career in Management and Accounting without any obstacles due to their economic status. The applicant must be eligible for this program as per the parameters set by the institute.

They can apply to the Directorate of Studies by sending the application form to the address given along with the required documents, which are then verified, and a list of eligible students is created. The criteria for receiving this assistance are different for different level courses.

Refund or Waiver of Fees Paid by Handicap Students

Students who are disabled due to an incident or by birth who cannot acquire the required amount of fees who are qualified and experienced and who wish to pursue their education in the field of CMA are eligible for this program.

Students who suffer from blindness, low vision, hearing impairment, locomotor disability, permanent or total loss of voice, or any other sort of disability can apply for this program. Physically challenged students with more than 40% of these disabilities are eligible to apply for full fee exemption.

Government Scholarship Programs

The central and state governments provide different scholarship programs to those who belong to the minor categories. The eligibility criteria and amount are different for all these scholarship programs.

The Ministry of Affairs of the central government provides Merit cum Means Based Scholarships to students who belong to minorities and who are eligible based on the criteria set. Some state governments provide scholarships to those who are eligible.

States like Meghalaya, Karnataka, Assam Tripura, Bihar, Arunachal Pradesh, Chandigarh, and Uttarakhand provide Post Matric Scholarships (PMS) to students who belong to the OBC/SC/ST categories.

The students can refer to the official website of ICAI for further information regarding the financial aid and scholarship programs.

Career Prospects After CMA Exam 2024

Cost Accountants are a requirement in various organizations globally. They are necessary for different sectors like banking and finance, development agencies, private and government sectors, and education, training, and research sectors.

CMAs are appointed in important positions such as managing directors, financial controllers, marketing managers, finance directors, chairman, chief financial officers, chief internal auditors, and so on. Educated and qualified CMAs are considered assets in different organizations as they act as the spine of the companies by taking care of their financial status.

Obtaining CMA certification will open a lot of opportunities in the domestic as well as the global market, such as employment in private firms, small-scale companies, MNCs, large publicly listed companies, and academia for different profiles like Analyst, Manager, and Controller in Finance and Accounting departments.

The Cost Accountants can either work with different organizations as well as individually.

Some job roles that can be expected are:

• Financial Analyst
• Financial Controller
• Finance Risk Manager
• Budget Analyst
• Internal Auditor
• Finance Manager
• Cost Manager
• Chief Financial Officer
• Chief Executive Officer

CMA is the leading and fastest-growing accounting credential globally. Getting a certification now will help to secure a place in a highly respected position at a company or firm.

Careers After CMA in India

CMAs in India are in great demand in the government sector, private sector, and banking & finance sector. Some key areas are:

• Top management positions in big Fortune 500 companies and companies that are relatively big in their sectors.
• Professors in major online and offline coaching centres in India.
• Owners of private financing firms.
• Auditors for big companies.
• Management consultants for big companies.

Careers After CMA in the USA

Individuals who have completed and received CMA certification have a lot of job opportunities open to them. Some of these include:

• Financial Analysts
• Accounting Managers
• Controllers
• Chief Financial Officers

Distinction Between CMA USA vs CMA INDIA

Here are a few points of distinction between CMA USA vs CMA INDIA

CMA USA vs CMA India

Parameters	CMA USA	CMA INDIA
Duration	The course duration of CMA USA is one year	The course duration of CMA INDIA is three years
Eligibility	Eligibility criteria for CMA USA are class 12 pass or UG	The eligibility criteria for CMA INDIA are 12 pass
Pass Criteria	The pass criteria for CMA USA are 360/500	The pass criteria for CMA INDIA is 40% for individual papers and 50% aggregate in each group
Course format	The course format is in two parts for CMA USA and CMA INDIA; the course comprises three levels, which are Foundation, Intermediates, and Final Level
Recognition	CMA USA is globally recognized	CMA INDIA is an Indian certification
Area of focus	CMA USA focuses on Cost Management i.e. Cost Reduction	CMA INDIA focuses on Cost Management i.e Cost Controlling
Article ship	Article ship is not applicable in CMA USA	Articles ship is applicable six months is CMA India