The CMA programme, short for Cost Management Accounting is one of the most viable programmes in the finance sector. For someone who dreams to make it big in the management accounting field, the CMA course would be a great choice. In recent times, the programme has become a quite popular choice amongst commerce students or the ones aspiring to enter the commerce field.
Cost Accounting Management is a certificate programme designed to train students for working in different industries and corporate functions. In India, the credentials of the CMA course are issued by the Institute of Cost Accountants of India (ICAI). The programme mainly focuses on valuation issues, financial statement analysis, working capital policies, external financial reporting, etc.
The CMA programme comprises three levels. One only become eligible for a higher level after she/ he has passed the previous level. Following are the three stages of the CMA course.
Paper 1 – Fundamentals of Business Mathematics and Statistic
Paper 2 – Fundamentals of Laws and Ethics
Paper 3 – Fundamentals of Accounting
Paper 4 – Fundamentals of Economics and Management
Paper 5 – Company Accounts & Audit
Paper 6 – Indirect Taxation
Paper 7 – Cost and Management Accounting
Paper 8 – Operation Management Information System
Paper 9 – Cost accounting and financial management
Paper 10 – Direct Taxation
Paper 11 – Laws, Ethics and Governance
Paper 12 – Financial Accounting
Paper 13 – Financial Analysis & Business Valuation
Paper 14 – Cost and Management Audit
Paper 15 – Corporate Financial Reporting
Paper 16 – Strategic Performance Management
Paper 17 – Tax Management and Practice
Paper 18 – Business Strategy & Strategic Cost Management
Paper 19 – Advanced Financial Management
Paper 20 – Corporate Laws and Compliance