CMA Inter Overview
CMA- certified professionals work inside organizations of all sizes, industries, and types, including manufacturing and services, public and private enterprises, not-for-profit organizations, academic institutions, government entities, and multinational corporations.
What are the course objectives?
- To develop the area of management accounting as a recognized profession by identifying the role of the management accountant in the field of risk management, internal decision making, planning and cost management, budgeting etc.
- To administer a certification designed to validate competence and practical skills of accountants employed by today’s dynamic business entities.
- To set minimum criteria in measuring academic standards in the field of management accounting.
- To embolden management accountants to keep abreast of the changing conditions in the global business environment and pursue continuing professional development.
Who should enroll for this training?
The CMA program lets you proceed at your own pace. You can earn a CMA in just six months or over 3 years. Busy professionals will find the CMA program to be time-efficient.
Who will benefit from this course?
The CMA is an advanced professional certification specifically designed to measure the critical accounting and financial management skills. This is especially relevant for success in a business environment. Here are some tangible benefits you can get after becoming a CMA.
CMA Inter Course Syllabus:
1 – Financial Accounting
- Fundamentals of Accounting
- Accounting for Special Transactions
- Preparation of Final Accounts of Profit Oriented organizations, Non-Profit
Organizations and from Incomplete Records.
- Partnership Accounts
- Self-Balancing Ledgers
- Royalties, Hire-Purchase and Installment System
- Branch and Departmental Accounts
- Overview of Computerized Accounting
- Accounting Standards (Specified only)
2 – LAWS AND ETHICS
- Indian Contract Act, 1872
- Sale of Goods Act, 1930
- Negotiable Instruments Act, 1881
- Indian Partnership Act, 1932
- Limited Liability Partnership Act, 2008
- Factories Act, 1948
- Payment of Gratuity Act, 1972
- Employees Provident Fund Act, 1952
- Employees State Insurance Act, 1948
- Payment of Bonus Act, 1965
- Minimum Wages Act, 1948
- Payment of Wages Act, 1936
- Companies Act 2013
- Business Ethics
3 – DIRECT TAXATION
SECTION – A: INCOME TAX ACT BASICS
- Introduction to Income Tax Act, 1961
- Income which
donot form part of Total Income (Section 10, 11 to 13A)
SECTION – B: HEADS OF INCOME AND COMPUTATION OF TOTAL INCOME AND TAX
- Heads of Income and Computation of Total Income under various heads.
- Clubbing Provisions, Set off and Carry forward of Losses, Deductions.
- Assessment of Income of different persons.
- Corporate Taxation
- TDS, TCS and Advance Tax.
- Administrative Procedures.
- Income computation and disclosure standards – Basic Concepts only
4 – COST ACCOUNTING
- Introduction to Cost Accounting
- Cost Ascertainment – Elements of cost.
- Cost Accounting Standards.
- Cost Book Keeping
- Methods of Costing 30%
- Cost Accounting Techniques.
GROUP – II
5 – OPERATIONS MANAGEMENT & STRATEGIC MANAGEMENT
Section – A: Operations Management
- Operations Management – Introduction
- Operations Planning
- Designing of operational systems and control
- Production planning and control
- Productivity management and quality management
- Project Management
- Economics of Maintenance and spares management
Section – B: Strategic Management
- Strategic Management Introduction
- Strategic Analysis and Strategic Planning
- Formulation and Implementation of Strategy
6 – COST & MANAGEMENT ACCOUNTING AND FINANCIAL MANAGEMENT
Section A: Cost & Management Accounting
- Cost and Management Accounting – Introduction
- Decision Making Tools
- Budgeting and Budgetary Control
- Standard Costing and Variance Analysis
- Learning Curve
Section B: Financial Management
- Introduction to Financial Management
- Tools for Financial Analysis and Planning
- Working Capital Management
- Cost of Capital, Capital Structure Theories, Dividend Decisions and
- Capital Budgeting – Investment Decisions
7 – INDIRECT TAXATION
- Canons of Taxation – Indirect Tax
- Central Excise
- Customs Law 15%
- Service Tax 30%
- Central Sales Tax and VAT
8 – COMPANY ACCOUNTS AND AUDIT
- Accounting of Shares and Debentures
- Presentation of Financial Statements (as Per Schedule III)
- Cash Flow Statement
- Accounts of Banking, Electricity and Insurance Companies
- Accounting Standards (AS-11, 12, 15, 16, 17, 18 and 19)
- Auditing Concepts
- Provision relating to Audit under Companies Act
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I have gained extensive knowledge in accounting & finance through this Institute. The faculty and placement team is totally dedicated and provided extensive training. I am so proud to be a product of this Institute
I am doing this course to enhance my accounting skills and to have a better career in this domain. it is providing me with the course which will help me to have all the necessary knowledge with the well-qualified faculties.
I found this course very interesting, it is giving me practical exposure to the accounting concepts. This course would surely give me edge in accounting domain and would be very beneficial for future perspective.