CMA Syllabus 2024: Download Latest Syllabus PDF

Candidates can find the CMA syllabus on the official website. The CMA 2022 syllabus PDF and CMA 2016 syllabus PDF are available on the official student website. Candidates can download the course level-wise curriculum from the student website. Candidates need to follow the steps mentioned below to get the CMA syllabus PDF:

1. Visit the official website and click on the student's tab
2. Click on the 'Syllabus 2022' tab from the sidebar
3. Click on the course level and group PDF to access the CMA syllabus

Candidates can also find the CMA syllabus on the shiksha's CMA syllabus webpage (https://www.shiksha.com/accounting-commerce/accounting/cma-exam-syllabus)

CMA exam has three course levels, namely CMA Foundation, CMA Intermediate and CMA Final. CMA Foundation course has four test papers. Candidates need to appear for all four test papers. The Intermediate course of CMA exam have two groups. Candidates appearing for CMA Intermediate exam will have option to appear for both the groups in one exam session. Candidates planning to attempt both groups of CMA Intermediate course have to appear for eight test papers. Passing test papers in both the groups of Intermediate course is mandatory. Candidates can appear for one group in one session or both the groups in one session.

Identical to CMA Intermediate, CMA Final course also has two groups with four test papers each. Candidates can choose to appear for the test papers under both the course groups in one session. Passing all the test papers will be mandatory to get the CMA destination. 

CMA syllabus is far more in-depth when it is compared to BCom or MCom. Similarity in the syllabus of B.Com Honours and CMA depends on the major chosen by the candidate in the graduate degree course. CMA does not deal with selective/non-core subjects, including Economics, Marketing, Capital Markets, Statistics, etc. In contrast, CMA course has major accounting subjects, such as Financial Management, Taxation, Law among others. BCom syllabus can only be compared with the CMA Intermediate or CMA Foundation syllabus. On comparing CMA Final syllabus with any other Commerce course, the CMA syllabus is far more thorough.

Candidates choosing a major subject in BCom carefully can help them prepare for a CMA course.

The CMA syllabus for all three course levels is as follows

CMA Foundation Course Syllabus:

• Paper 1: Fundamentals of Business Laws and Business Communication (FBLC)
• Paper 2: Fundamentals of Financial and Cost Accounting (FFCA)
• Paper 3: Fundamentals of Business Mathematics and Statistics (FBMS)
• Paper 4: Fundamentals of Business Economics and Management (FBEM)

CMA Intermediate Course Syllabus:

• CMA Intermediate Course Group I
  • Paper 5: Business Laws and Ethics (BLE)
  • Paper 6: Financial Accounting (FA)
  • Paper 7: Direct and Indirect Taxation (DITX)
  • Paper 8: Cost Accounting (CA)
• CMA Intermediate Course Group II
  • Paper 9: Operations Management and Strategic Management (OMSM)
  • Paper 10: Corporate Accounting and Auditing (CAA)
  • Paper 11: Financial Management and Business Data Analytics (FMDA)
  • Paper 12: Management Accounting (MA)

CMA Final Course Syllabus

• CMA Final Course Group III
  • Paper 13: Corporate and Economic Laws (CEL)
  • Paper 14: Strategic Financial Management (SFM)
  • Paper 15: Direct Tax Laws and International Taxation (DIT)
  • Paper 16: Strategic Cost Management (SCM)
• CMA Final Course Group IV
  • Paper 17: Cost and Management Audit (CMAD)
  • Paper 18: Corporate Financial Reporting (CFR)
  • Paper 19: Indirect Tax Laws and Practice (ITLP)
  • Paper 20: One of the following subjects
    • Paper 20A: Strategic Performance Management and Business Valuation (SPMBV)
    • Paper 20B: Risk Management in Banking and Insurance (RMBI)
    • Paper 20C: Entrepreneurship and Start-Up (ENTS)

For more detailed information, you may visit the Shiksha CMA Exam page. (https://www.shiksha.com/accounting-commerce/accounting/cma-exam-syllabus).

CMA course is divided into three-course levels, namely Foundation, Intermediate, and Final. The CMA Foundation course has four different test papers. Candidates need to appear for all four test papers and pass the same to be marked eligible for the CMA Intermediate course. Four test papers included in the CMA Foundation course are as follows:

1. Paper 1: Fundamentals of Business Lawns and Business Communication (FBLC)
2. Paper 2: Fundamentals of Financial and Cost Accounting (FFCA)
3. Paper 3: Fundamentals of Business Mathematics and Statistics (FBMS)
4. Paper 4: Fundamentals of Business Economics and Management (FBEM)

CMA 2022 syllabus is being followed for the June 2024 exams. Old CMA students who enrolled into the course before the CMA 2022 syllabus came into existence were allowed to appear for the exam with CMA 2016 syllabus. However, now the CMA students will have to prepare for the exam using the CMA 2022 syllabus.

The CMA 2016 syllabus has now been discontinued after December 2023 exam session. Candidates planning to take the CMA exam in the sessions after December 2023 have to prepare as per the CMA 2022 syllabus.

CMA Intermediate course level has two different groups. Candidates can either take the test papers for both groups or a single group. The test papers included in the CMA Intermediate course level are as follows:

CMA Intermediate Course Group - I

• PAPER 5: Business Lawns and Ethics (BLE)
• PAPER 6: Financial Accounting (FA)
• PAPER 7: Direct and Indirect Taxation (DITX)
• PAPER 8: Cost Accounting (CA)

CMA Intermediate Course Group - II

• PAPER 9: Operations Management and Strategic Management (OMSM) 
• PAPER 10: Corporate Accounting and Auditing (CAA)
• PAPER 11: Financial Management and Business Data Analytics (FMDA) 
• PAPER 12: Management Accounting (MA)

CMA Final exam has two-course groups. Candidates can either appear for a single course group or both course groups in one session. The space below mention the test papers for both the course groups of the CMA Final exam:

Final Course Group - III

• PAPER 13: Corporate and Economic Lawns (CEL)
• PAPER 14: Strategic Financial Management (SFM)
• PAPER 15: Direct Tax Lawns and International Taxation (DIT)
• PAPER 16: Strategic Cost Management (SCM)

Final Course Group - IV

• PAPER 17: Cost and Management Audit (CMAD)
• PAPER 18: Corporate Financial Reporting (CFR) 
• PAPER 19: Indirect Tax Lawns and Practice (ITLP)
• PAPER 20: One of the following subjects
  
  • PAPER 20A: Strategic Performance Management and Business Evaluation (SPMBV)
  • PAPER 20B: Risk Management in Banking and Insurance (RMBI) 
  • PAPER 20C: Entrepreneurship and Start Up (ENTS)

No, CMA syllabus does not change every year. CMA syllabus was changed in 2016 after 2012. The Institute of Cost Accountants, also known as ICMAI, has recently changed the CMA syllabus in 2022. CMA syllabus goes through a change after every four to five years to move forward with the market trends. For example, GST was not included in the CMA syllabus 2012; however, it is included under inderect taxation of CMA 2022 syllabus.

CMA students need to prepare using the new CMA syllabus prescribed by the ICMAI.

The Institute of Cost Accountants of India, the agency that conducts and regulates CMA courses in the country, prescribes the CMA syllabus for all three levels, namely Foundation, Intermediate and Final. The institute, comnmonly known as ICMAI is the sole authority in India for deciding the CMA syllabus, pedagogy, exam, eligibility, fees and CMA certification. When candidates complete the Foundation, Intermediate and Final courses, then the ICMAI offers CMA certification. Only ICMAI certification is considered valid CMA certification in India for practice.