ICMAI CMA Inter Subjects & Syllabus 2023 of Group 1 & 2

Are you interested in becoming a certified management accountant? If so, you may want to consider the Institute of Cost Accountants of India (ICMAI) CMA Inter program. The program covers a wide range of subjects that are essential for anyone looking to make a career in management accounting. In this article, we will take a closer look at the ICMAI CMA Inter Subjects & Syllabus 2023 of Group 1 & 2.

Introduction

The ICMAI CMA Inter program is divided into two groups, with each group consisting of four papers. The program is designed to provide students with a comprehensive understanding of cost and management accounting, as well as other important aspects of finance and accounting.

Group 1

Paper 5: Financial Accounting

The first paper in Group 1 is Financial Accounting. This paper covers topics such as accounting principles, financial statements, accounting for partnerships, and accounting for companies.

Paper 6: Laws & Ethics

The second paper in Group 1 is Laws & Ethics. This paper covers topics such as the Indian Contract Act, the Sale of Goods Act, the Companies Act, and the ethical considerations that arise in the field of accounting.

Paper 7: Direct Taxation

The third paper in Group 1 is Direct Taxation. This paper covers topics such as the Income Tax Act, tax planning, and the computation of taxable income.

Paper 8: Cost Accounting & Financial Management

The final paper in Group 1 is Cost Accounting & Financial Management. This paper covers topics such as cost accounting, financial management, and capital budgeting.

Group 2

Paper 9: Operations Management & Strategic Management

The first paper in Group 2 is Operations Management & Strategic Management. This paper covers topics such as operations management, project management, and strategic management.

Paper 10: Cost & Management Accounting & Financial Management

The second paper in Group 2 is Cost & Management Accounting & Financial Management. This paper covers topics such as cost and management accounting, financial management, and management control systems.

Paper 11: Indirect Taxation

The third paper in Group 2 is Indirect Taxation. This paper covers topics such as the Goods and Services Tax (GST), customs duty, and central excise duty.

Paper 12: Company Accounts & Audit

The final paper in Group 2 is Company Accounts & Audit. This paper covers topics such as the preparation of final accounts, audit and internal control, and professional ethics.

Conclusion

The ICMAI CMA Inter program covers a wide range of subjects that are essential for anyone looking to make a career in management accounting. The program is divided into two groups, with each group consisting of four papers. The topics covered in the program range from financial accounting and taxation to strategic management and audit.

FAQs

1. What is the ICMAI CMA Inter program? The ICMAI CMA Inter program is a professional certification program for management accountants.

2. How many papers are there in the ICMAI CMA Inter program? There are eight papers in the ICMAI CMA Inter program, divided into two groups.

3. What are the subjects covered in Group 1 of the ICMAI CMA Inter program? Group 1 of the ICMAI CMA Inter program covers subjects such as financial accounting, laws & ethics, direct taxation, and cost accounting & financial management.

4. What are the subjects covered in Group 2 of the ICMAI CMA Inter program? Group 2 of the ICMAI CMA Inter program covers subjects such as operations management & strategic management, Cost & Management Accounting & Financial Management, indirect taxation, and company accounts & audit.

5. Is the ICMAI CMA Inter program recognized internationally? Yes, the ICMAI CMA Inter program is recognized internationally as a professional certification program for management accountants.