The CMA Foundation course takes a few months to complete if preparing in a coaching institute. The updated syllabus is followed by the coaching institutes.The CMA Foundation course consists of four groups, final (2 groups) and inter (2 groups). In order to be eligible for writing these papers, one needs to qualify the foundation course of the ICWAI or CPT course. Each group includes four subjects. The exams are conducted two times in a year, June and December. To qualify the exams, one needs to score a minimum of forty marks in each subject and an aggregate of two hundred marks in every group. If one considers both the groups at once, one requires to score at least forty marks in every subject and if two groups are put together then an aggregate of four hundred marks are needed to qualify the exam. So, the advantage of considering both the groups at once is that one does not have the need to obtain two hundred marks in each group. If the candidate scores one hundred and sixty marks in one group and two hundred and forty marks in the other then also it is possible for the candidate to clear the examination. Time management entirely depends on the candidate. Once the student gets the eligibility, he or she can take two groups at once or even a single group. Even if one takes a single group at a time and if the student clears it in the first attempt then it takes two and a half years for completing the entire course.
CWA Has Changed Its Name to CMA that Is Cost and Management Accountants. Just like CS and CA, CMA also has three Levels:-
- CMA Foundation – If the candidate is a graduate then he or she does not have to sit for this level and can straightforwardly register for the second level.
- CMA Intermediate
- CMA Final
It takes a minimum time period of two and a half years from the date of registration or from the first level. After scoring the pass marks in the Foundation or the first level, one becomes eligible to apply for the CMA Inter level and sit for this exam after one year. As soon as one cracks the intermediate level, he or she can register for the third or the final level and can appear for the exam after one year again. This degree is equivalent to several other professional degrees like CS and CA and is recognized by the Government too.
The only difficulty is that as compared to the CA course, the syllabus of CMA is a bit broader. The passing percentage is lower as compared to the qualifying marks of CA exam. This makes CMA a time-consuming course. But preparing for this exam is not possible alone. One needs the right guidance for it. Browse the list of Top 10 CMA Inter Coaching in Kolkata and join the best one to qualify all the levels of it.