CMA Intermediate New Syllabus – ICMAI

CMA Inter New Syllabus

The Institute of Cost Accountants of India (ICMAI) has recently released the CMA Intermediate 2023 new syllabus. To excel in the upcoming exam, candidates are strongly advised to review the CMA Intermediate 2023 new syllabus. This syllabus is available on the official website, This syllabus offers a comprehensive breakdown of the subjects and topics included in the program, complete with their respective weightage. Candidates can enhance their preparation for the CMA Intermediate examination by familiarizing themselves with these topics and understanding the section-wise weightage. Exploring the details of the CMA Intermediate 2023 syllabus is essential for effective exam preparation. Additionally, understanding the exam pattern and other essential information is crucial. This article aims to provide candidates with the necessary insights to ensure they are well-prepared for their upcoming exams.

CMA Inter Subjects

The CMA Intermediate curriculum comprises subjects that encompass a wide range of financial and cost accounting aspects as well as business laws. It is divided into four subjects for both Group 1 and Group 2 in the CMA Inter syllabus for 2023. Below, you will find a table detailing the subjects in the CMA Intermediate 2023 syllabus:

CMA Inter Group 1 Subjects
Paper Number Subject
5 Financial Accounting
6 Law and Ethics
7 Direct Taxation
8 Cost Accounting
CMA Inter Group 2 Subjects
Paper Number Subject
9 Operations Management & Strategic Management
10 Cost and Management Accounting and Financial Management
11 Indirect Taxation
12 Company Accounts & Audit

ICMAI CMA Intermediate New Sylllabus

CMA Inter Syllabus for June 2023 session is structured around finance, cost accounting, taxation, and related subjects. The syllabus covers two groups and consists of 8 papers (5-12), adhering to the “Syllabus 2016.” Below is the detailed syllabus for candidates preparing for the CMA exam.

Group 1

Paper 5: Financial Accounting (FAC)
Section A- Accounting – Basics 25%
Fundamentals of Accounting
Accounting for Special Transactions
Section B- Preparation of Financial Statements 40%
Preparation of Final Accounts of Profit-Oriented
organizations and Non-Profit Organizations
Partnership Accounts
Section C- Self Balancing of Ledgers, Royalties, 20%
Hire Purchase & Installment System, Branch &
Departmental Accounts
Self-Balancing Ledgers
Royalties, Hire-Purchase and Installment System
Branch and Departmental Accounts
Section D- Accounting in Computerized Environment 15%
Overview of Computerized Accounting
Accounting Standards (Specified only)
Paper 6: Laws and Ethics
Section A- Commercial Laws 30%
Laws of Contracts (Advanced level)
Laws relating to Sale of Goods (Advanced level)
Negotiable Instruments Act, 1881 (Advanced Level)
Indian Partnership Act, 1932
Section B- Industrial Laws 25%
Factories Act, 1948
Payment of Gratuity Act, 1972
Employees Provident Fund and Miscellaneous
Provisions Act, 1952
Employees State Insurance Act, 1948
Payment of Bonus Act, 1965
Minimum Wages Act, 1948
Payment of Wages Act, 1936
Pension Fund Regulatory and Development
Authority Act, 2013
Section C- Corporate Law 35%
Companies Act, 2013
Section D- Ethics 10%
Business Ethics
Paper 7: Direct Taxation (DTX)
Section A- Income Tax Act Basics 10%
Introduction to Income Tax Act, 1961
Income is not part of Total Income
Section B- Head of Income, Computation of Total 70%
Income and Tax
Heads of Income and Computation of Total Income
Clubbing Provisions and the Set-off and Carry
forward of Losses
Assessment of Income and tax liability of
different people
Section C- Tax Management, Administrative 20%
Procedures and ICDS
TDS, TCS and Advance Tax
Administrative Procedures
Income Computation and Disclosure Standards –
Paper 8: Cost Accounting (CA)
Section A- Introduction to Cost Accounting 40%
Cost Ascertainment – Elements of Cost
Cost Accounting Standards
Cost Bookkeeping
Methods of Costing
Section B- Cost Accounting Techniques 30%
Marginal Costing
Standard Costing & Variance Analysis
Budget and Budgetary Control (simple problems
Group 2
Paper 9: Operation Management & Strategic Management (OMSM)
Section A- Operations Management 70%
Operations Management – Introduction
Operations Planning
Designing of Operational Systems and Control
Production Planning and Control
Productivity Management and quality management
Project Management
Economics of Maintenance and spares management
Section B- Strategic Management 30%
Strategic Management Introduction
Strategic Analysis and Strategic Planning
Formulation and Implementation of Strategy
Paper 10: Cost and Management Accounting, Financial Management
Section A- Cost, Management Accounting and Financial Management 50%
Cost and Management Accounting – Introduction
Decision Making Tools
Budgeting and Budgetary Control
Standard Costing and Variance Analysis
Learning Curve
Section B- Financial Management 50%
Introduction to Financial Management
Tools for Financial Analysis and Planning
Working Capital Management
Cost of Capital, Capital Structure Theories, Dividend Decisions
Capital Budgeting – Investment Decisions
Paper 11: Indirect Taxation (ITX)
Section A- Canons of Taxations – Indirect Tax GST 80%

| Section B- Customs Laws | 20% | | Basic Concepts | | | Types of Duties | | | Valuation under Customs | | | Import and Export Procedure | | | Customs Rules, 2017 | |

Paper 12: Company Accounts and Audit (CAA)
Section A- Accounts of Joint Stock Companies 50%
Accounting of Shares and Debentures
Presentation of Financial Statements
Cash Flow Statement

| Section B- Auditing | 50% | | Accounts of Banking, Electricity and Insurance Companies | | | Accounting Standards | |

This table breaks down the CMA Intermediate Syllabus 2022 for both Group 1 and Group 2, detailing the weightage of each section within the papers.

Steps for downloading CMA New Syllabus

Here are the modified steps on how to download CMA Intermediate New Syllabus :

  • Step 1: Go to the official website of the Institute of Cost Accountants of India at
  • Step 2: Navigate to the “Students” tab and locate the “Admission” section.
  • Step 3: Click on “Admission” and then look for “Syllabus 2022 – Contents” in the list provided on the left-hand side of the page.
  • Step 4: Select the option for CMA Intermediate syllabus and proceed to download the file for future reference.
For CMA Foundation/Inter: VISIT HERE

ICMAI CMA Exam Pattern

Candidates preparing for the CMA Intermediate exam in 2023 should familiarize themselves with its new exam pattern. Understanding the exam pattern is essential as it provides insights into the mode of the exam, the number of questions, test duration, marking scheme, and other important details. Those interested in pursuing the CMA qualification can register for the December/June session to appear for the CMA Intermediate exam.

Particulars Details
Mode of exam Online-centre based
Type of questions Objective and descriptive
Maximum marks per paper 100
Number of papers 8
Exam Duration 3 hours per paper
Marking scheme No negative marking
For more details of exam: CLICK HERE

CMA Intermediate Study Material 2023

The ICMAI provides study materials for CMA Intermediate, which candidates can access by visiting its official website. Study materials are crucial for exam preparation. Additionally, candidates can download previous year question papers and other relevant resources from the ICMAI website to aid in their studies.


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