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CMA Logo for exclusive use by Indian CMAs. Cost And Management Accountant (India) aka CMA is a professional qualified certification issued by Institute of Cost Accountants of India (ICMAI). [1] A Cost and Management Accountant (CMA) in India plays a pivotal role in the financial and operational management of organizations.
Institute of Cost Accountants of India Abbreviation ICMAI Formation 28 May 1959 ; 65 years ago (1959-05-28) Legal status Active Headquarters CMA Bhawan, 12 Sudder Street, Kolkata – 700016 India Kolkata, India Coordinates 22°33′29″N 88°21′13″E / 22.558103°N 88.353672°E / 22.558103; 88.353672 Region India Members 98,500 President CMA Ashwinkumar G. Dalwadi Vice ...
Candidates are given 3 hours to complete the multiple choice section and one hour to complete the essays. Candidates must show their work for the essay questions in order to receive credit. Parts 1 and 2 of the CMA exam are scored on a scale of 0–500 with a candidate's raw score converted to a uniform scaled score against all exam candidates.
From 2020, part 1 will include Technology and analytics component into its syllabus. This is to ensure CMA students are well versed with latest technological advancement which affects their future or current jobs. The worldwide pass rate for the exam is 35% for Part I and 49% for Part II in 2014. [13]
The Intermediate Exam consists of two groups- Group 1 and Group 2. Both the groups consist of 3 papers each. Each subject exam is of 100 marks. [7] GROUP 1. Paper 1: Advanced Accounting Paper 2: Corporate and Other Laws Part 1: Company Law and Limited Liability Partnership Law (70 marks) Part 2: Other Laws (30 marks) Paper 3: Taxation
The CMA Preparatory Program was only open to those with a university degree in accounting; or a recognised professional qualification in accounting. In addition to passing the two subjects, one needed to have 5-years of business experience to qualify as a Certified Management Accountant (CMA). [14]
In 1972, the institute was re-established in the name of Bangladesh Institute of Industrial Accountants again. The Government of Bangladesh renamed it as The Institute of Cost and Management Accountants of Bangladesh through promulgation of The Cost and Management Accountants Ordinance 1977 (Ordinance No LIII of 1977).
Every incorrect answer on the CPT exam carries a 0.25 negative mark. A candidate is required to secure a minimum of 30 per cent marks in each Section and a minimum of 50 per cent marks in aggregate, in all the four Sections to pass the Common Proficiency Test.