CMA Course Details Under the New Scheme: Your Complete Guide

CMA Course Details Under the New Scheme: Your Complete Guide

The Cost and Management Accountant (CMA) course, under the new scheme, equips individuals with expertise in cost accounting, financial management, and strategic decision-making. This comprehensive guide provides aspiring candidates with detailed insights into the CMA course structure, outlining the key subjects and stages.

Key Components of the CMA Course:

  1. Foundation Course:
    • The CMA course begins with the Foundation, which can be pursued after completing Class 10 or its equivalent.
    • Foundation subjects include Fundamentals of Economics and Management, Fundamentals of Accounting, Fundamentals of Laws and Ethics, and Fundamentals of Business Mathematics and Statistics.
  2. Intermediate Course:
    • After completing the Foundation Course, candidates progress to the Intermediate level.
    • The Intermediate Course is divided into two groups, each comprising four papers. Subjects include Financial Accounting, Laws and Ethics, Direct Taxation, Cost and Management Accounting, and more.
  3. Final Course:
    • The Final is the last stage of the CMA journey, consisting of two groups with four papers each.
    • It covers advanced topics such as Corporate Laws and Compliance, Strategic Financial Management, Strategic Cost Management and Performance Evaluation, and more.
  4. Practical Training:
    • Candidates undergo practical training as part of the CMA, gaining hands-on experience in real-world scenarios.
    • Practical training provides exposure to the application of cost and management accounting principles in professional settings.
  5. Advanced Studies in Selected Areas (ASSA):
    • ASSA is an advanced level of study in specialized areas chosen by the candidates.
    • It allows candidates to focus on specific domains such as taxation, finance, or information technology.

*NOTEECP will give a special discount to any student of CA/CMA (Foundation & Intermediate) who joins before 31st January. Don’t miss this opportunity to become a CA/CMA.*


The CMA course, under the new scheme, offers a well-structured path through the Foundation, Intermediate, and Final stages, complemented by practical training and advanced studies. This guide serves as a roadmap for individuals aspiring to become Cost and Management Accountants, providing a comprehensive overview of the curriculum and subjects involved in the CMA course.



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