The Institute of Cost Accountants of India (ICMAI) is a premier organization dedicated to the profession of Cost and Management Accounting in India. As part of its academic calendar, ICMAI conducts CMA Foundation, Intermediate, and Final examinations to assess the knowledge and skills of prospective cost accountants. The upcoming examination period is crucial for many candidates seeking to advance their careers in this profession.
Examination Schedule
The ICMAI has officially announced its examination schedule for the December 2019 session. Here’s a detailed look at the important dates:
| Examination Level | Examination Dates |
|---|---|
| CMA Foundation | December 10 – December 13, 2019 |
| CMA Intermediate & Final | December 10 – December 17, 2019 |
Overview of CMA Examinations
CMA Foundation
The CMA Foundation exam serves as the entry point for candidates entering the CMA program. It tests candidates on fundamental concepts of Accounting, Business Laws, and Economics. A strong understanding of these subjects is vital, as they form the backbone of more advanced topics in the Intermediate and Final levels.
CMA Intermediate
The Intermediate level is where candidates dive deeper into various aspects of management accounting, including Financial Management, Performance Management, and Strategic Management. This stage helps in building analytical skills and practical knowledge required in the field of accounting.
CMA Final
The CMA Final examination is the culmination of the CMA program, assessing a candidate’s preparedness for professional practice. The final level focuses on advanced topics such as Corporate Financial Reporting, Risk Management, and Financial Analysis, which are essential for a successful career in cost management and consultancy.
Preparation Tips for Candidates
- Understand the Syllabus: Thoroughly review the syllabus for each level to ensure that you cover all the necessary topics.
- Develop a Study Plan: Create a timeline that allocates sufficient time for each subject to enhance understanding and retention.
- Practice Previous Years’ Papers: Attempting past examination papers helps in familiarizing candidates with the exam format and types of questions.
- Join Study Groups: Collaborating with peers can provide motivation, support, and deeper insights into complex topics.
Conclusion
The ICMAI CMA examinations scheduled from December 10 to December 17, 2019, mark a significant milestone for many aspiring cost accountants. With proper preparation and a commitment to understanding the core principles of Cost and Management Accounting, candidates can approach these examinations with confidence. By staying informed and organized, they can not only clear these exams but also build a solid foundation for their future careers in this dynamic field.
