Full Details About CMA Inter Group 1

Currently, the CMA course has gained a lot of popularity among commerce students who plan to pursue a career in the field of Cost and Management accounting. Students who plan to give this exam are quite curious to know about the CMA course syllabus, CMA course exam dates, CMA course subjects and CMA course career prospects. Thus, if you are also interested, then this guide is indeed for you as we have covered almost all the details for CMA. Generally, people tend to confuse between some terms, including CMA, ICMAI, CWA and ICWAI. But now all the confusion has been sorted as the Institute of Cost & Works Accountants of India (ICWAI) has changed its name to The Institute of Cost Management Accountants of India (ICMAI).

Additionally, CMA is also renamed from ICWA. There is no significant difference between ICWAI and CMA and these both are the same. Just that two words are used to describe one single term. CMA stands for Cost Management Accounting while on the other hand, ICWAI stands for Institute of Cost and Work Accountant of India. Besides the literal meaning, there is no significant difference at all.

The three stages of the CMA course are:

CMA Foundation

CMA Intermediate

CMA Final

Under this article, we shall be focusing much more on the CMA Inter Group 1 Course. If you want to become a cost management accountant, then you need to clear 10+2 to become eligible. By being so, you are eligible to appear for the foundation course. Every year, the Institute of Cost Accountants of India conducts the CMA Foundation exam twice, which is in the months of June and December. If you have cleared the CMA foundation course successfully, then you are eligible to appear for the CMA Inter Group 1 Course. You can directly attend CMA Inter Group 1 Video Lectures without appearing for the foundation level provided you have a graduate degree.

Eligibility criteria to Buy Online CMA Inter Group 1 Courses

A candidate should have cleared the Senior Secondary School Examination (10+2)and Foundation Course of the Institute of Cost Accountants of India.
Graduation in any discipline other than Fine Arts.
Institute's CAT Foundation (Entry Level) Part I examination.
The Institute's CAT has Foundation (Entry Level) Part I examination and Competency Level Part II examination.
Passed Foundation of ICSI/Intermediate of ICAI by whatever it is known as with 10+2

Syllabus details of CMA Inter Group 1;

Paper 5 Financial Accounting
Paper 6 Laws, Ethics and Governance
Paper 7 Direct Taxation
Paper 8 Cost accounting and financial management
Paper 9 Operation Management Information System
Paper 10 Cost and Management Accounting
Paper 11 Indirect Taxation
Paper 12 Company Accounts & Audit

The last date for joining the Intermediate Course while pursuing their Undergraduate degree:

As per the current laws, the students can join the CMA intermediate course while they are pursuing their Undergraduate studies, but it is all based on provisional admission. The student will only be eligible to appear for the exam after qualifying for the graduation examination. Thus, qualifying the Graduation examination makes the candidate suitable to get converted from Provisional to Regular status. Therefore, students would be considered as regular Students and shall be eligible to appear in the Intermediate Course Examination, provided they have appeared for CMA Foundation/CS Foundation/Intermediate.

How can you clear the Financial accounting paper under CMA Inter Group 1 Course?

You can quickly learn financial accounting by writing down the journal entries for various transactions on paper and then memorize. You can practice writing and draw financial statements by hand. It would be best if you do not skip some chapters, including Accounting Standards, Accounting for Non-Profit Organizations (NPO), Royalties and Partnerships.