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 duration of the CMA course is flexible. Which means that the time taken to complete the CMA programme depends on a candidate’s level of focus and dedication.
The course can be completed from 6 months to 4 years.
Usually in India, students take at least 3-4 years to complete the course.
In the US, the course is completed in just 6 months.
The CMA course registrations end at least four months prior to the day of the examination of the intended level. You can only apply for the stage that you are eligible for.
The registration/ application for the ICAI course remains active throughout the year. However, you will have to register four months prior to the intended term. For instance, if you are interested in appearing for December Term Exam, you will have to apply before the 31st of July in the same year. Likewise, if you are interested in the June Term Exam, you must register before the 31st of January in the same year.
In order to register for the course, you will have to submit your duly filled Postal Application form, along with the relevant documents to your respective Regional Councils. Every Indian state is divided into four regions and come under the regional council of that area. The Regional Council of Western India is in Mumbai, Southern India is situated in Chennai, Eastern India in Kolkata and Northern India in New Delhi.
Facts about the course
Institute of Cost Accountants of India (ICAI) previously known as the Institute of Cost & Works Accountants of India (ICWA) promotes, regulates, and develops the profession of Cost & Management Accountancy in India.
ICWA/ (CMA-INDIA) course comprises of three levels
Foundation level: Those who had passed Class 10 or equivalent from a recognized Board or Institution.
Intermediate level: Those who had passed Senior Secondary School Examination (10+2) & Foundation Course of CMA (ICAI)/ Graduation in any discipline other than Fine Arts/ Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute OR Passed Foundation of ICSI/Intermediate of along with 10+2.