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COST AND MANAGEMENT ACCOUNTANCY (CMA) ICAI (ICWAI as it was previously known) is the ultimate name in the field of cost accountancy. It is the essential professional programme for anyone who dreams of building a rewarding career in cost accountancy. ICAI is the statutory professional accountancy body in India. It is also the only licensing and regulatory body of cost and management accountancy profession in the country. Primarily endowed with the task of setting the auditing standards for statutory cost audit and the audit of cost statements in India, ICAI also issues other technical guidelines on several aspects like internal audit, management accounting etc. to be followed by practicing cost accountants during their services.
To get the CMA certification, you must have: Membership of IMA A Bachelor’s degree from an accredited university Two years of relevant experience Passed both the parts of CMA Exams CMA Exams CMA exams are divided into two parts (four hours for each part) the syllabus of which is as below: Syllabus for CMA Exam Part 1 External Financial Reporting Decisions Planning, Budgeting and Forecasting Performance Management Cost Management Internal Controls Syllabus for CMA Exam Part 2 Financial Statement Analysis Corporate Finance Decision Analysis Risk Management Investment Decisions Professional Ethics The candidates have to clear both these parts within 3 years of registering for CMA. When can you appear for the exam? The candidate can appear for the exam in the following months CMA Exams are administered by Prometric which has centers all over the world. You’ll have to schedule your exams atleast 72 hours prior (It is advisable to schedule atleast 4 week in advance)