ICMAI CMA Intermediate Final Exams will Start on December 8

ICMAI CMA Intermediate 2021 According to updates, the Institute of Cost Accountants of India (ICMAI) will conduct the CMA Intermediate and Final Exam from December 8-15, 2021. The exam will be conducted in an online center mode in 96 Indian cities and three overseas centers. Two cycles of CMA exams June 2021 and December 2021 will be held together for the 2016 program. Although the authorities have not yet issued the admission card, it should be issued online soon.

ICMAI CMA December Intermediate Exam 2021 Dates

Financial Accounting (P-05)8th December 2021
Operations Management & Strategic Management (P-09)9th December 2021
Laws & Ethics (P-06)10th December 2021
Cost & Management Accounting and Financial Management (P-10)11th December 2021
Direct Taxation (P-07)12th December 2021
Indirect Taxation (P-11)13th December 2021
Cost Accounting (P-08)14th December 2021
Company Accounts & Audit (P-12)15th December 2021

December Final Exam 2021 Dates

Corporate Laws & Compliance (P-13)8th December 2021
Corporate Financial Reporting (P-17)9th December 2021
Strategic Financial Management (P-14)10th December 2021
Indirect Tax Laws & Practice (P-18)11th December 2021
Strategic Cost Management – Decision Making (P-15)12th December 2021
Cost & Management Audit (P-19)13th December 2021
Direct Tax Laws and International Taxation (P-16)14th December 2021
Strategic Performance Management and Business Valuation (P-20)15th December 2021

Online Examinations, Admit Card

Meanwhile, ICMAI’s decision to hold the online exam has caused some dissatisfaction with some candidates.

These candidates request that the exam take place offline. Find other exam information on ICMAI’s official website soon.

However, some applicants are concerned about the admission card as they say they may be assigned a center far from the city, and delaying the admission card will make it difficult for them to travel.

CMA Inter 2021 final exam postponed to June

Previously the Institute of Cost Accountants of India postponed the ICMA CMA Intermediate and Final exam to the June session due to inevitable circumstances. The 2021 Intermediate and Final Exam were scheduled for October 21-28, 2021.

In addition, the June 2021 Exam has been merged with the December 2021 Intermediate and Final Exam, with all benefits postponed. related already available to students, including fee payment and disciplinary exemption.

ICMAI CMA Intermediate Eligibility Criteria

ICMAI CMA Intermediate
ICMAI CMA Intermediate

ICMAI has certain registration criteria for the Intermediate CMA course. Candidates who wish to register for the CMA Intermediate Exam must meet this criterion.

If the candidate does not do so, his candidacy is canceled or rejected. Candidates who successfully complete the CMA Core Course or who meet the following academic criteria may register for the exam.

CMA Intermediate Eligibility 2021

Entry RouteEligibility
Through the Foundation courseQualifying CMA foundation exam/course
Through Direct entry routeGraduation in any course other than Fine arts
Qualifying CAT Foundation Entry level part I
Qualifying Foundation Entry Level Part I Exam and Competency Level Part II Examination of CAT
Qualified ICSI CS Foundation
Qualified ICAI CA Intermediate
Through provisional routeCandidates who are waiting for the results of their exam.

Registration Process

The CMA Inter registration process for both the direct entry route and the foundation route will be done online. The institution recommends that applicants have certain documents ready before starting the registration process.

Applicants must provide basic information, upload the necessary documents and pay the CMA Inter registration fee.
The documents to be attached to the online registration form are

  • 3 passport size photographs
  • Candidate’s signature
  • Proof of age
  • 10th and 12th mark sheet
  • Graduation mark sheets or
  • Marksheets for qualified – CAT-CMA, CMA Foundation, CS Foundation, IPCC-CA Inter


Option 1
Full Fee
Option 2 InstallmentsOption 1
Full Fee
Option 2 Installments
23100/-12000/- (1st Installment)11100/- (2nd Installment)23100/-12000/- (1st Installment)11100/- (2nd Installment)

Exam Form

After registering for the CMA Intermediate course, candidates will have a few months to prepare.

To apply for the CMA Intermediate Exam, candidates must also complete a form for the CMA 2021 Intermediate Exam was available until October 8, 2021.

The online exam request form was available on the exam tab of the ICMAI website. Candidates must provide their registration number and pay a separate CMA Inter registration fee for the exam.

Exam Centers

The CMA Intermediate Exam is held at 3 overseas locations and 96 exam centers in India. Candidates have the option of choosing an exam center based on their convenience and availability.

Offices abroad include Dubai, Muscat, and Bahrain. The test centers in India are shown in the table below. The   CMA Intermediate and Final exams for December 2021 will be held at the following exam centers in India.

CMA Inter examination centers December 2021 

  • Adipur-Kachchh (Gujarat), Agartala, Agra, Ahmedabad, Akurdi, Allahabad, Angul Talcher, Asansol, Aurangabad
  • Bangalore, Bankura, Baroda, Berhampur – Ganjam (Odisha), Bharuch Ankleshwar, Bhilai, Bhilwara, Bhopal, Bewar City(Rajasthan), Bhubaneswar, Bilaspur, Bikaner (Rajasthan), Bokaro
  • Calicut, Chandigarh, Chennai, Coimbatore, Cuttack
  • Dindigul, Dehradun, Delhi, Dhanbad, Duliajan (Assam), Durgapur
  • Ernakulam, Erode
  • Faridabad
  • Ghaziabad, Guntur, Gurgaon, Guwahati
  • Haridwar, Hazaribagh, Hosur, Howrah, Hyderabad
  • Indore
  • Jaipur, Jabalpur, Jalandhar, Jammu, Jamshedpur, Jodhpur
  • Kalyan, Kannur, Kanpur, Kolhapur, Kolkata, Kollam, Kota, Kottakkal (Malappuram), Kottayam
  • Lucknow, Ludhiana
  • Madurai, Mangalore, Meerut, Mumbai, Mysore
  • Nagpur, Naihati, Nasik, Nellore, Neyveli, Noida
  • Palakkad, Panaji (Goa), Patiala, Patna, Pondicherry, Port Blair, Pune
  • Raipur, Rajahmundry, Ranchi, Rourkela
  • Salem, Sambalpur, Shillong, Shimla, Siliguri, Solapur, Srinagar, Surat
  • Thrissur, Tiruchirapalli, Tirunelveli, Tirupati, Trivandrum
  • Udaipur
  • Vapi, Vashi, Vellore, Vijayawada, Vindhyanagar, Visakhapatnam
  • Overseas Centres are Bahrain, Dubai and Muscat.

Exam Template

The CMA 2021 Intermediate Exam will take place in an online center. It is important to know the exam pattern for the 3-hour exam. Each test will take place on a different intermediate CMA exam date.

2021 CMA Intermediate Exam Template 

Mode of examOnline center-based
Type of examObjective and descriptive
Marks per paper100
Number of papers4
Duration of exam3 hours per paper
Total Number of questions120
Marking schemeNo negative marking

ICMAI CMA Intermediate Syllabus

The CMA Intermediate 2021 exam will be based on the 2016 program. It is important to deepen the CMA Intermediate 2021 program as it will help the candidate to prioritize certain subjects.

Each section and each topic has a different weight. The 2021 CMA Intermediate Program will help create an effective curriculum.

The 2021 Intermediate CMA exam will build on the 2016 syllabus. It is important to deepen the 2021 Intermediate CMA syllabus as it will help the candidate prioritize certain topics.

Each section and each topic has a different weight. The CMA 2021 Intermediate Program will help create an effective curriculum.

CMA intermediate syllabus 2021: Group 1 

Paper 5: Financial Accounting (FAC)
Section A- Accounting – BasicsFundamentals of Accounting25%
Accounting for Special Transactions
Section B- Preparation of Financial StatementsPreparation of Final Accounts of Profit Oriented organizations and Non-Profit Organizations40%
Partnership Accounts
Section C- Self Balancing of Ledgers, Royalties, Hire Purchase & Installment System, Branch and Departmental AccountsSelf-Balancing Ledgers20%
Royalties, Hire-Purchase and Installment System
Branch and Departmental Accounts
Section D- Accounting in Computerised Environment and StandardsOverview of Computerised Accounting15%
Accounting Standards (Specified only)
Paper 6: Laws and Ethics
Section A- Commercial LawsLaws of Contracts (Advanced level)30%
Laws relating to Sale of Goods (Advanced level)
Negotiable Instruments Act,1881 (Advanced Level)
Indian Partnership Act, 1932
Indian Partnership Act, 1932
Section B- Industrial LawsFactories Act, 194825%
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 LawCompanies Act, 201335%
Section D- EthicsBusiness Ethics10%
Paper 7- Direct Taxation (DTX)
Section A- Income Tax Act Basics 10%Introduction to Income Tax Act, 196110%
Income is not part of Total Income
Section B- Head of Income, Computation of Total Income and TaxHeads of Income and Computation of Total Income70%
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 Procedures, and ICDSTDS, TCS, and Advance Tax20%
Administrative Procedures
Income Computation and Disclosure Standards – (ICDS)
Paper 8- Cost Accounting (CA)
Section A- Introduction to Cost AccountingCost Ascertainment – Elements of Cost40%
Cost Accounting Standards
Cost Bookkeeping
Methods of Costing30%
Cost Accounting TechniquesMarginal Costing30%
Standard Costing & Variance Analysis
Budget and Budgetary Control (simple problems only)

CMA intermediate syllabus 2021: Group 2 

Paper 9- Operation Management & Strategic management (OMSM)
Section A- Operations Management (70%)Operations Management – Introduction15%
Operations Planning
Designing of Operational Systems and Control35%
Production Planning and Control
Productivity Management and quality management
Project Management20%
Economics of Maintenance and spares management
Section B- Strategic ManagementStrategic Management Introduction30%
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 ManagementCost and Management Accounting – Introduction50%
Decision Making Tools
Budgeting and Budgetary Control
Standard Costing and Variance Analysis
Learning Curve
Section B- Financial ManagementIntroduction to Financial Management50%
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- Cannons of Taxations – Indirect Tax GST80%
Section B- Customs LawsBasic Concepts20%
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 Debentures25%
Presentation of Financial Statements
Cash Flow Statement
Section B- Auditing (50%)Accounts of Banking, Electricity and Insurance Companies25%
Accounting Standards

ICMAI CMA Intermediate Pass Criteria

The ICMAI CMA Intermediate, final exams will start on December 8 is worth 100 points for each document. Applicants must achieve an overall score of 50% in the examinations of each group to qualify for the Intermediate CMA course.

The criteria for success are shown in the following table.

CMA Intermediate 2021 Pass criteria 

CMA intermediate subjects 2021Sectional cut off %Overall cut off %
Financial Accounting4050%
Laws & Ethics40
Direct Taxation40
Cost Accounting and Financial Management40
Operations Management & Strategic Management40
Cost & Management Accounting and Financial Management40
Indirect Taxation40
Company Accounts & Audit40

ICMAI CMA Intermediate Results

The 2021 CMA Intermediate Exam Score will be published after candidates have been notified of the 2021 CMA Intermediate Score on their registered mobile phone number or email ID. You will need to enter your registration number and captcha code to view it.

After 30 days of reporting the ICMAI CMA Intermediate results, candidates can submit their answer books for review.

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