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

cma inter subjects

The Institute of Cost Accountants of India (ICMAI) oversees and administers CMA Intermediate, the second level of the CMA programme. There are eight subjects total in the extensive CMA Inter syllabus. There are two groups of four subjects each made up of the eight CMA Inter subjects. The official website of ICMAI and this page both contain the CMA Inter syllabus 2023 for all subjects. 

The CMA Inter syllabus provides in-depth details about the themes, topics, and weights assigned to each chapter. To properly study for the tests, students must be aware of the CMA Intermediate 2023 curriculum and the weighting of the marks. You can therefore discover the entire 2023 syllabus for the CMA Inter topics for both groups in this thorough post. Let’s learn all the specifics.

CMA Inter Subjects and Syllabus for the 2023 Exams

The topics covered in the CMA Intermediate course are divided into additional subtopics and are generally pertinent to cost accounting, finance, taxation, etc. The topics covered in the CMA Intermediate curriculum give students a thorough understanding of the law, direct and indirect taxes, management, and financial and cost accounting.

Here are the CMA Inter Subjects:

  • Paper – 5: Financial Accounting
  • Paper – 6: Law and Ethics
  • Paper – 7: Direct Taxation
  • Paper – 8: Cost Accounting
  • Paper – 9: Operations Management & Strategic Management
  • Paper – 10: Cost and Management Accounting and Financial Management
  • Paper – 11: Indirect Taxation
  • Paper – 12: Company Accounts & Audit

The syllabus CMA Inter Group 1 subjects from Paper 5 to Paper 8 are as follows:

Paper – 5: Financial Accounting

Topics Marks
Section – A: Accounting 25 marks
1. Fundamentals of Accounting
2. Accounting for Special Transactions
Section – B: Preparation of Financial Statements 40 marks
3. Preparation of Final Accounts of Profit Oriented organisations, Non-Profit Organizations and from Incomplete Records
4. Partnership Accounts
Section – C: Self-Balancing Ledgers, Royalties, Hire Purchase & Instalment System, Branch & Departmental Accounts 20 marks
5. Self-Balancing Ledgers
6. Royalties, Hire-Purchase and Instalment System
7. Branch and Departmental Accounts
Section – D: Accounting in Computerized Environment and Accounting Standards 15 marks
8. Overview of Computerized Accounting
9. Accounting Standards
Total 100 maximum marks

Paper – 6: Law and Ethics

Topics Marks
Section – A: Commercial Laws 30 marks
1. Laws of Contracts (Advanced level)
2. Laws relating to Sale of Goods (Advanced level)
3. Negotiable Instruments Act,1881 (Advanced Level)
4. Indian Partnership Act, 1932
5. Limited Liability Partnership Act, 2008
Section – B: Industrial Laws 25 marks
6. Factories Act, 1948
7. Payment of Gratuity Act, 1972
8. Employees Provident Fund and Miscellaneous Provisions Act, 1952
9. Employees State Insurance Act, 1948
10. Payment of Bonus Act, 1965
11. Minimum Wages Act, 1948
12. Payment of Wages Act, 1936
13. Pension Fund Regulatory and Development Authority Act, 2013
Section – C: Corporate Law 35 marks
14. Companies Act, 2013
Section – D: Ethics Ten marks
15. Business Ethics
Total 100 maximum marks

Paper – 7: Direct Taxation

Topics Marks
Section – A: Income Tax Act Basics Ten marks
1. Introduction to Income Tax Act, 1961
2. Income which does not form part of Total Income (Section 10, 11 to 13A)
Section – B: Heads of Income and Computation of Total Income and Tax Liability 70 marks
3. Heads of Income and Computation of Total Income under various heads
4. Clubbing Provisions, Set – off and Carry forward of Losses, Deductions
5. Assessment of Income and tax liability of different persons
Section – C: Tax Management, Administrative Procedures, and ICDS 20 marks
6. TDS, TCS and Advance Tax
7 Administrative Procedures
8. Income Computation and Disclosure Standards – (ICDS)
Total 100 maximum marks

Paper – 8: Cost Accounting 

Topics Marks
1. Introduction to Cost Accounting 40 marks
A. Cost Ascertainment – Elements of Cost
B. Cost Accounting Standards
C. Cost Book Keeping
2. Methods of Costing 30 marks
3. Cost Accounting Techniques 30 marks
Total 100 maximum marks

CMA Inter Group 2 Syllabus 2023

The CMA Inter Group 2 subjects are from Paper 9 to Paper 12 and are as follows:

Paper – 9: Operations Management & Strategic Management 

Topics Marks
Section – A: Operations Management 70 marks
1. Operations Management – Introduction 15 marks
2. Operations Planning
3. Designing of Operational Systems and Control 35 marks
4. Production Planning and Control
5. Productivity Management and quality management
6. Project Management 20 marks
7. Economics of Maintenance and spares management
Section – B: Strategic Management 30 marks
8. Strategic Management Introduction
9. Strategic Analysis and Strategic Planning
10. Formulation and Implementation of Strategy
Total 100 maximum marks

Paper – 10: Cost and Management Accounting and Financial Management 

Topics Marks
Section – A: Cost & Management Accounting and Financial Management 50 marks
1. Cost and Management Accounting – Introduction
2. Decision-Making Tools
3. Budgeting and Budgetary Control
4. Standard Costing and Variance Analysis
5. Learning Curve
Section – B: Financial Management 50 marks
6. Introduction to Financial Management
7. Tools for Financial Analysis and Planning
8. Working Capital Management
9. Cost of Capital, Capital Structure Theories, Dividend Decisions, and Leverage Analysis
10. Capital Budgeting – Investment Decisions
Total 100 maximum marks

Paper – 11: Indirect Taxation 

Topics Marks
Section – A: Canons of Taxations – Indirect Tax GST 80 marks
Section – B: Customs Laws 20 marks
Total 100 maximum marks

Paper – 12: Company Accounts & Audit

Topics Marks
Section – A: Accounts of Joint Stock Companies 50 marks
1. Accounting of Shares and Debentures (25 marks)
2. Presentation of Financial Statements (as Per Schedule III)
3. Cash Flow Statement
4. Accounts of Banking, Electricity and Insurance Companies (25 marks)
Section – B: Auditing 50 marks
Part – A: Auditing Concepts (20 marks )
Part – B: Provision relating to Audit under the Companies Act (30 marks )
Total 100 maximum marks

CMA Intermediate Exam Pattern 2023

Students must be familiar with the exam format to achieve the highest CMA results. ICMAI’s website offers official facts about the exam’s format, number of papers, types of questions, grading system, duration, language, and other essential information. 

The table below mentions the CMA Inter exam pattern 2023:

Particulars Details
Mode of the examination Offline, Pen-Paper Based
Type of questions Objective & Subjective
Maximum marks for each subject 100
Number of CA Inter Subjects 8
Exam Duration 3 hours
Negative Marking No negative marketing

Students can enrol in Lecture Kharido’s CMA Intermediate coaching if they are getting ready for the 2023 tests. You’ll receive one-on-one support, mock exams, and lectures from the best teachers here.

Download the CMA Inter Syllabus PDF

By downloading the PDF from the official website, you may also have electronic access to the CMA Inter Syllabus and further information about the CMA Inter Subjects. However, we have listed all of the PDF links to all of the CMA Inter Subjects to make things simpler. Check out these links to download the PDF immediately. 

CMA Inter Subjects Download Link
Paper – 5: Financial Accounting Click Here
Paper – 6: Law and Ethics  Click Here
Paper – 7: Direct Taxation  Click Here
Paper – 8: Cost Accounting  Click Here
Paper – 9: Operations Management & Strategic Management  Click Here
Paper – 10: Cost and Management Accounting & Financial Management Click Here
Paper – 11: Indirect Taxation  Click Here
Paper – 12: Company Accounts & Audit Click Here


FAQs of CMA Inter Subjects

How many papers are in CMA Intermediate?

Groups 1 and 2 are divided into eight CMA Inter Subjects. Furthermore, there is no derogatory marking and each subject is worth 100 points. To qualify for the CMA Final, students must pass each of the eight subjects. 

Which group of CMA Inter is easy?

According to consensus, CMA group 2 is simpler than CMA group 1. Additionally, the passing rates for CMA group 2 are significantly higher than those for group 1.

rom where can I get the syllabus of the CMA Inter subjects?

The CMA Intermediate syllabus is available on the official ICMAI website, where you may also download the CMA Inter Syllabus PDF. Additionally, this site includes direct links to all CMA Inter Subjects, which you may find above.