The CMA or Cost Management Accountant exam is a national professional exam that opens myriad career options for individuals. Mostly it is a perfect fit for all those who belong to the finance background and want to upgrade their degree quotient with a more viable and sustainable option. The main requirement of this course is for individuals to understand the needs of particular companies and frame out proformas as to how they can move forth and make their finances more manageable. Every year the ICMAI or Institute of Cost and Management Accountants of India conducts the CMA exams in three sections- the foundation, intermediate and finals. Each student has to qualify for all three exams to claim the degree. Due to an ongoing pandemic, the board has this year released specific ICWAI notifications for online exams.
Dates For Registration & Examination Of 2021 As Per ICMAI
As per the ICMAI notification 2021, the registration for the exams has set up. The most important takeaways from the announcement include:
● Registration: According to the ICMAI amendments for June 2021, the registration for the CMA exam were extended till 30th May. Students can register themselves without any hindrances by going online from the official website of ICMAI.
● Postponement: Originally, the CMA exams were supposed to be held in June. However, with the covid-19 pandemic emerging powerful than ever, the exam has been postponed to July. The foundation exam will commence from July 23rd, while the intermediate, and finals will start from July 26th and August 2nd respectively.
● Examination Fee: Students who wish to appear for the exam have to pay an examination fee which amounts to Rs. 1200 for both foundation as well as intermediate exams. The Final exam however corresponds to Rs.1400.
Eligibility Criteria for CMA:
In a recent disclosure by the UGC, it was decided that the CMA degree will be held in equivalence with the other postgraduate degrees. Apart from the ICWAI notification for June 2021, the criteria for appearing in the exams include:
● Foundation course: In order to appear for the foundation course, the students have to pass their higher secondary exam from any recognized board of education. A diploma from any rural body in education will also suffice.
● Intermediate course: The examinee has to pass the higher secondary exam from any recognized school or board of education. Besides, they must have qualified for the foundation course as well.
● Final course: The student has to have completed the higher secondary exam from any recognized board. The student also must be a graduate from any UGC authorized University. However, students with a degree in fine arts won’t be eligible to appear in the exam. And lastly, every student has to clear all of the eight papers that were a part of the CMA Intermediate course.
So, these were some of the recent updates on one of the most sought-after exams in India. CMA Nation ought to keep the aspirants up-to-date with ICMAI Notification 2021 For more such updates, stay tuned to https://blog.cmanation.com/.