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CMA Intermediate

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About CMA Intermediate Coaching in Gurgaon

CMA Intermediate is the second level of the CMA course in India, which is offered by the Institute of Cost Accountants of India (ICMAI). The CMA course is a professional course that aims to provide expertise in cost and management accounting to the students. The CMA course has three levels: Foundation, Intermediate, and Final.

Eligibility

Eligibility or Qualification to registration for CMA Inter:
  • A candidate should have passed CMA Foundation Course Eligible for Admission in CMA Intermediate Course. OR
  • Any Candidate who has is Graduate in any discipline other than fine Arts OR
  • Qualified CAT/ICSI Foundation Course / ICAI Intermediate will be Eligible for Admission in Intermediate Course.

Last Date For Admission To CMA Intermediate Course

Last Date to register or admission for CMA Inter Course for June and December Examination
  • For June term examination         –                   31st January of the same calendar year
  • For December term examination            –          31st July of the same calendar year

Registration Fee of CMA Intermediate

Registration Fee of CMA Intermediate Course – Rs22,000. Which can be Pay in two Instalments 1st Instalments Rs12,000 and 2nd Rs10,000.

Last Date of Examination Application Form

Last date of CMA Inter examination application form for June and December term Examination
  • June term Examination –                       10th April
  • December term Examination –             10th October

Examination Fee of CMA Intermediate Course –

Examination Fee of CMA Intermediate Course Rs.1,200 for one Group and Rs. 2,400 for both Group A Registration is valid for a period of 7 (seven) years from the date of registration

After Expiration of 7 years Students can revalidate his registration by depositing Rs 2,000/- as revalidation fees.(DE NOVO)

Training During CMA Intermediate Course

Computer Training – 100 hours and Communication & Soft Skill Training – 3 days. A student appearing for both groups or for remaining group of Intermediate Examination has to undergo Computer Training at Regional Council/Chapter/ Recognized Oral Coaching Centre/CMA Support Centre duly recognized by the Institute. Student should have completed the Computer Training and Communication & Soft Skill Training before filling up the Examination application form.

Syllabus for CMA Intermediate Course

Syllabus for CMA Intermediate Course have been divided in two Groups containing 4 papers of 100 marks each

GROUP – I

GROUP – II

·         Paper-5 Financial Accounting ·         Paper-9 Operations Management & Strategic Management
·         Paper-6 Laws and Ethics ·         Paper-10 Cost & Management Accounting and Financial Management
·         Paper-7 Direct Taxation ·         Paper-11 Indirect Taxation (Including Customs Act)
·         Paper-8 Cost Accounting ·         Paper-12 Company Accounts & Audit

Passing Criteria

CMA Inter Examination Passing Criteria:
  • A Candidate shall be declared to have passed in a group of an examination, if he secures minimum 40% marks in each paper of the group and an aggregate of 50% of total marks
  • If a Candidate is unsuccessful in passing a group but secures 60% or more in any paper or papers, he shall be exempted in the paper from appearing in subsequent examination.

Declaration of Result CMA Inter

Result of CMA Inter Examination conducted in June and December will be  Declared
  • Declaration of Results of June 2020 Examination – 25thAugust
  • Declaration of Results of December Examination – 25thFebruary
What is the total duration? of the CMA New Practical Training Scheme-2020?
15 months
[for every student having registered for the intermediate course on
or after 11th February, 2020]
What a r e the Objectives of the CMA New Practical Training Scheme-2020?
▪ Developing necessary skill-sets among the students enabling them to
apply theoretical knowledge of cost and management accounting to
practical situations in various professional fields
▪ Providing practical exposure to the eco-system under which
different organizations operate
▪ Providing on-job experience of practical and contemporary aspects
of cost and management accounting arena
▪ Developing a nd nourishing pool o f employable and future - ready
professionals
▪ Developing disciplined attitude required to grow as a professional
▪ Creating awareness and consciousness on ethical values in the
professional journey
Who are to undergo the CMA New Practical Training Scheme-2020?
Every student having registered for the intermediate course on
or after 11th February, 2020 shall be required to undergo practical
training for a period of 15 months before the date of declaration of
examination result of both or remaining group of final examination
to the satisfaction of Council in any one or more of the organization(s)
specified in ‘Appendix A’, and in areas as specified in ‘Appendix B’ for
the recognition for training [UDIN is mandatory wherever applicable].
However, a student t o become eligible t o appear i n the final
e x a m i n a t i o n must satisfy the criteria on such cut -off date a s
ma y be specified from time to time. The cut -off date for certification
of Form T -5 shall b e 3 1 set August for appearing i n December e x a m i
n a t i o n w h i c h s h a l l s p e c i f y completion of at least 10 months
of training a s on t hat date .The cut-off date for
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examination which shall specify completion of at least 10 months of
training as on that date.
When should I start the CMA New Practical Training Scheme-2020?
You can start the Practical Training immediately on registration the
Course at the Intermediate Level.
Which are the Organizations Recognized for the CMA New Practical Training Scheme-2020?
A Cost & Management Trainee shall undergo practical training under:
(1) Practicing Cost Accountant or
(2) a firm of Cost Accountants or
(3) in any of the following organizations:
i. Central/State Government / Semi-Government / Public Utilities.
ii. Banks/Insurance/ other Financial Institution
iii. Public Sector Undertakings
iv. Universities, Ma na g eme nt Ins titut es a nd a n y o t h e r
r e c o g n i z e d educational institute
v. Co-operative societies and NGOs
vi. If the firm of Chartered Accountants/ Company Secretaries has
separate Management Consultancy Division and if the applicant has
exclusively worked in that division, credence to such service is given on
percentage basis depending on the nature of job related with cost/
management accounting/ financial accounting/ taxation/ MIS or of
similar nature, size of the firm, nature of duties handled by the applicant,
size of the client companies etc.
CA/CS articleship will not be set off/entertained / not be recognized
for CMA Practical Trainingvii. Management Consultant in individual capacity depending on the
size of the firm, nature of duties handled by the applicant related with
cost and management accounting/ financial accounting/ taxation/ MIS or
of similar nature, size of the client companies etc.
viii. Any other organization(s) with a turnover of `25 Lakhs in case
service sector or `50 Lakhs in case of other than service sector.
ix. MSME/ Start-Up organizations
x. Any other organization(s) as approved by the Council
Which are the Recognized areas for the CMA New Practical Training Scheme2020?
i. Management Accounting
ii. Cost Accounting
iii. Financial Accounting
iv. Financial Management
v. Auditing
vi. Regulatory compliances
vii. Direct Taxation
viii. Indirect taxation
ix. Corporate Laws, Industrial Laws, Commercial Laws
x. Systems Analysis, Information Technology (including ERP system)
xi. Project Management
xii. Banking Operation
xiii. Insurance
xiv. Insolvency & Valuation
xv. Financial Services
xvi. Teaching in Finance, Accounts, Costing, Taxation and Management.
xvii. Management Consultancy Services as defined in appendix 6 under
Regulation 111 of CWA Regulation, 1959.
xviii. Engineering Services involved in production of power or any
manufacturing activities, Project Planning & Management, Quality
Assessment, and Supply Chain Management.
xix. Any other areas approved by the Council.
How can you claim Exemption from the CMA New Practical Training Scheme-2020?
A student of the Institute who is working or has already worked in any
of the recognized Organizations as given in ‘Appendix A’ and in any
of the recognized areas as given in ‘Appendix B’, can claim exemption from
Practical Training by following the procedures given below:
▪ Submission of Online Form T-3 to Directorate of Training and
Placement of the Institute along with a Payment for `2000/-.
▪ The students whose applications are received and found eligible on or
before 31st May will be eligible to appear for June Examination and
30th November will be eligible to appear for December Examination
respectively.
▪ A student can seek exemption from Practical Training immediately
after joining the Intermediate course, or at any time during the
course of studies subject to dates given above if the student is
otherwise eligible.
Practicing Chartered Accountants/ Company Secretaries are
exempted from the Practical Training Scheme and they will have
to seek exemption after duly following the procedures on payment of
exemption fee as prescribed above.
What is the procedure for the CMA New Practical Training Scheme-2020?
A student desirous of undergoing Practical Training can approach any
Organizations as defined in ‘Appendix A’ or Practicing Cost Accountants.
A student after joining an Organization/ Practicing Cost Accountants
has to intimate the Institute within 30 days from the date of joining
about the fact of his/her Training by following the below mentioned
procedures:
a. Online Submission o f Form No. T-1 (with UDIN) i n case o f
PCMA/firm of Cost Accountants.
b. The documents that need to be submitted along with Form T-3 are as
follows:
▪ Scan copy of Experience certificate (stating designation, area of
work & duration), duly signed by the Competent Authority of the
organization in which employed/were employed.
▪ Scan Copy of Audited balance sheet of employers or any other proof
of turnover, wherever required (A letter mentioning the turnover of
the company on the letterhead of the company, signed with seal)
▪ Scan Copy of current salary slip duly attested by employer.
c. Online Submis s io n o f T-4 in case of training with recognized
Organizations as specified in ‘Appendix A’.d. Online Submission of Form T-5 before applying for both or
remaining group in Final Examination.
e. All the forms T-1, T-4, T-5, relating to Practical Training can be
downloaded from the link http://eicmai.org/training-forms-new/
f. In order to help the students. Institute will also maintain database
of organizations and firms interested to impart practical training to
the students, in its website www.icmai.in
How do I submit the Forms related to the Practical Training Scheme 2020?
The entire process for submitting the Forms related to the Practical
Training Scheme is online.
No Offline Forms/Hard Copies related to the Practical Training is
entertained.
The required link for the same is as follows:
https://eicmai.in/Training-forms-new/login.aspx
What are the documents that need to be submitted along with Form T-3?
The documents that need to be submitted along with Form T-3 are as
follows:
▪ Scan copy of Experience certificate (stating designation, area of work
& duration), duly signed by the Competent Authority of the
organization in which employed/were employed.
▪ Scan Copy of Audited balance sheet of employers or any other
proof of turnover, wherever required (A letter mentioning the turnover
of the company on the letterhead of the company, signed
with seal)
Can I do Practical Training in a CA/CS Firm under the CMA New Practical Training Scheme-2020?
CA/CS articleship will not be set off / entertained / not be recognized
for CMA Practical Training.
If the firm of Chartered Accountants/ Company Secretaries has
separate Management Consultancy Division and if the applicant has
exclusively worked in that division, credence to such service is given on
percentage basis depending on the nature of job related with cost/
management accounting/ financial accounting/ taxation/ MIS or of
similar nature, size of the firm, nature of duties handled by the applicant,
size of the client companies etc.
6
Management Consultant in individual capacity depending on the size of
the firm, nature of duties handled by the applicant related with cost
and management accounting/ financial accounting/ taxation/ MIS
or of similar nature, size of the client companies etc.
In case, the Company/ Organisation is not providing the Balance Sheet of the organisation, what can I do?
Audited balance sheet of employers or any other proof of turnover (A
letter mentioning the turnover of the company on the letterhead
of the company, signed with seal) (Any other organization(s) with a
turnover of `25 Lakhs in case service sector or `50 Lakhs in case of
other than service secto
How can I apply for a refund of fees in case of excess payment in case of Practical Training?
Kindly place in a request via mail for refund to the Training mail ID
Training@icmai.in.
What is the difference between Acknowledged mail and Approved mail in case of the System Generated mail related to Practical Training?
Acknowledged means we are in receipt of the documents related to
Practical Training and is the first phase. But, the process is not yet
complete.
Approved means the second phase and the process related to Practical
Training is now complete. You are now eligible to sit for the exams.
In which all cases, we will not require the Balance Sheet of an Organisation related to Practical Training?
You do not require/need a Balance Sheet in case of Educational
Organisations, MNCs, PSUs, Govt. Organisations, Banking, Insurance
Companies and MSME/ Start-Up organizations.
What will happen in case there is a change of employer during the tenure of Practical Training?
A student shall inform any change in the Principal or employer to
the Institute within 30 Days of such changes with all the relevant
documents i . e . New online Form T-1 (with UDIN)/T-4, experience
certificate from principal or employer along with a fee of ` 1000/-.
In case of change of Principal/Employer, i.e. students serving under
different Principal/Employer, the accumulated period of training shall
include training periods undergone with different Principal/Employers,
including the days of leave availed as per rules but leave availed, if any. Not more than three (3) changes shall be allowed
within a period of fifteen months of training
Which Form needs to be submitted after completion of Training?
On completion of minimum fifteen months of Training, you have to
upload Form T5 in the Practical Training Portal.
From where can I get complete Training Scheme to verify the Organizations recognized for Training and for recognized areas for Training and other related matters?
You can see Training Scheme at:
http://icmai.in/studentsIbsite/Training_prac_train.php
I have already completed 3 years/15 months of Training but failed to inform the Institute about the same. Can I inform the Institute now?
Yes,
You should immediately inform the Institute with application for reason
of delay and upload the respective forms.
I have registered with the CMA Institute before 1st January 2008. Am I required to undergo Practical Training?
No.
Training is not applicable on you and you can appear in the final
examination without submitting any form to the institute.
If I am not able to find any employer, can Institute help me to join an Organization who imparts Training under the Training Scheme of the Institute?
If you are not able to find an employer who can impart the Training, you
may visit the website of the Institute. The List of Practicing Cost
Accountants are given at:
http://icmai.in/studentsIbsite/Training_cost_account_firm_register.
php and list of Organizations are given at
http://icmai.in/studentsIbsite/Training_org_register.php for imparting
Training you may search these PCMAs/Organizations “City wise” and
approach them with your resume for tying up for Practical Training.
Opportunities are also being uploaded in the Training Portal of the
Institute as and when it arises.
If I want to undergo Practical Training in an Organization as per my choice but its name is not appearing in the empaneled list, can I get Training from that Organization?
Yes, you can
Can I avail leave in excess of my entitlement? If I avail excess leave, what would be consequences?
The trainees availing leave in excess of the period of leave to which he
is entitled to, shall be required to undergo Training for a further period
equivalent to the excess leave taken by him.
I have already completed 15 months of Training and now eligible to appear for final examination. Am I supposed to intimate the Institute every time, before I submit my examination form?
No.
Only one time Intimation is required for appearing in the examinations
(Form T-5).
Can I apply for exemption through email?
Only Online Submission of Practical Training Forms is applicable.
No off line mode or e-mail communication is entertained.
In which address, application for exemption need to be sent?
Only Online Submission of Practical Training Forms is applicable.
No off line mode or e-mail communication is entertained.
Which items are required in case of submission of Audited Balance Sheet?
The Profit and Loss figures are not required.
We need the audited Balance Sheet figures stating the total revenue or
total sales or total liabilities
What is the rule for Leave to Cost & Management Trainee?
i. A Cost & Management trainee shall be entitled to one day’s leave
with pay per month excluding the normal holidays.
ii. The trainee shall be eligible for 60 days leave without pay for appearing
in the examination of the Institute in the total span of training period.
The trainees availing leave in excess of the period of leave to which
he/she is entitled to shall be required to undergo training for a further
period equivalent to the excess leave taken by him.
What is the Working Hours of Cost & Management Trainee?
▪ The working hours of a Cost & Management Trainee shall be 35
hours per week.
▪ Hours spent on any conference, course, seminar organized by the
Institute/Region/Chapter shall be treated as period covered under
training
What is the restriction on Number of Trainees in case of Practical Training under a PCMA?
Practicing Cost Accountant No. of Trainees
a) Practicing Cost Accountant (Associate Member) 10
b) Practicing Cost Accountant (Fellow Member) 15
Is the Old Practical Training Scheme still valid?
Yes. Old Practical Training Scheme is valid for the students who have
registered for Intermediate Course before 11th February, 2020.
How long the Old Practical Training Scheme will be continued?
Old Practical Training Scheme for the students who have registered
for Intermediate Course before 11th February, 2020 will be continued
till further notification is released on the same.
Will Practical Training Period tenure be counted to have minimum experience of 3 years to obtain membership of the Institute?
Yes, Practical Training Period tenure will be counted to have minimum
experience of 3 years to obtain membership of the Institute.
What is the full form of ‘UDIN’?
The full form of ‘UDIN’ is Unique Document Identification Number.
Where ‘UDIN’ is required?
From 5
th July 2019, for all practicing Cost &
Management Accountants (CMAs) to generate and obtain UDIN for all
Certificates issued, containing financial information or any other
contents; which are certified by them to be True and Fair.
Unique Document Identification Number (UDIN) is an 18-Digits
system generated unique number for to be entered on every document
certified/attested by Practicing Cost Accountants/CMAs. The concept
of UDIN (Unique Document Identification Number) is implemented to
enable user Authorities and Stakeholders to ensure that the
certification and/or attestation of the Costing Data / documents /
certificates is done by an eligible Practicing Cost Accountant/CMA only.
UDIN secures the certificates attested / certified by practicing CMAs
(in full time practice only).
UDIN Web Portal enables the third parties (Authorities / Regulators /
Banks / Others) to check the authenticity of the documents.
What is the usefulness of ‘UDIN’?
Kindly refer to the following links to know more about UDIN:
✓ https://eicmai.in/udin/Home.aspx
✓ https://icmai.in/upload/pd/FAQs_UDIN.pdf
For further query on Practical Training, where can I approach?
You may drop in an email at training@icmai.in or call at 033-40364750

ECP Achieves 100% Result in CMA Foundation Dec 2024 Exam!

At Excellent Commerce Point (ECP), we take immense pride in announcing our students’ outstanding performance in the CMA Foundation Dec 2024 exam. With a 100% success rate, our students have set a benchmark in achieving academic excellence. This remarkable feat reinforces our reputation as the best CMA coaching in Gurgaon.

Why Choose ECP for CMA Foundation Coaching?

  1. Experienced Faculty:
    Our team comprises seasoned professionals who bring their expertise and dedication to every session, ensuring a clear understanding of CMA concepts.
  2. Personalized Attention:
    Every student is unique, and we ensure tailored guidance to address individual challenges.
  3. Comprehensive Study Material:
    Our meticulously prepared study material is aligned with the latest CMA Foundation syllabus to provide a strong conceptual base.
  4. Interactive Learning:
    We emphasize interactive sessions, which make learning engaging and boost retention.
  5. Mock Tests & Revision Classes:
    Regular mock tests, coupled with revision classes, help students track progress and strengthen weak areas.

What Makes ECP the Best CMA Coaching in Gurgaon?

  • Proven Track Record:
    The consistent success of our students is a testament to our dedication. Achieving a 100% result in the CMA Foundation Dec 2024 exam reflects our unwavering commitment to quality education.
  • Flexible Learning Modes:
    We offer face-to-face classeslive sessions, and recorded lectures, making it convenient for every type of learner.
  • Location Advantage:
    Situated in the heart of Gurgaon, ECP is easily accessible, making it the top choice for CMA Foundation classes in Gurgaon.
  • Affordable Fees:
    We believe quality education should be accessible. Our courses are competitively priced without compromising on the quality of learning.

Success Stories

Our students’ stellar results in the CMA Foundation Dec 2024 exam highlight their hard work and the effective guidance provided by ECP. The personalized attention, structured teaching methods, and focus on conceptual clarity have made us the best CMA coaching in Gurgaon.

Join ECP for CMA Foundation Success

If you’re aspiring to excel in the CMA Foundation exam, ECP is your go-to destination. Whether you’re a beginner or someone looking to strengthen your foundation, our CMA Foundation classes in Gurgaon are designed to ensure success.

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Course details
Duration 400 hours
Lectures 6
Video 9 hours
Quizzes 1
Level Intermediate
6 months
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Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed
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