To become a Certified Management Accountant (CMA) in India, you need to go through three main stages:
Foundation Course:
This is the entry-level course.
Eligibility: Typically requires completion of 10th grade and passing 12th grade from a recognized board.
One needs to pass the Foundation Exam which is conducted by ICMAI (Institute of Cost Accountants of India)
Intermediate Course:
After passing the Foundation course, you can enroll in the Intermediate course.
Eligibility: Requires passing the Foundation course or holding a graduate degree from a recognized university.
Practical Experience:
Before attempting to write the Final Course exams one needs to complete the IOTP (Industry Oriented Training Program) of 10 Days. Post this one has to complete 3 years of Practical Training (15 months mandatory). Only then can they progress to the Final stage.
Final Course:
The final stage after completing the Intermediate course & Practical Experience.
Eligibility: Requires passing the Intermediate course. After passing the Final course and completing the required practical training, you can apply for CMA membership.
In order to save time many working professional prefer going for international management accounting qualifications like the CMA USA which has only 2 parts, no entrance exams and can be completed within 6 months. Globalfti is a training provider for several international qualifications like ACCA, CMA US and CPA Australia which can be pursued by students & working professionals.
