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ICMAI CMA exam 2020. check here for all details

Sheena | Updated: May 04, 2020, 12:35 IST

ICMAI CMA 2020 - The Institute of Cost Accountants of India has decided to postpone the examinations for June, 2020 term due to outbreak of Novel Coronavirus (COVID-19) and subsequent lockdown situation across the country. This is a national level exam which is conducted twice a year in June and December. Students need to register firstly for the course and go through the coaching and then attend the examination. All important notifications released about ICMAI CMA 2020 from the officials will be updated in this article. This article gives all details about ICMAI CMA exam 2020.

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ICMAI CMA exam 2020. check here for all details

ICMAI CMA exam 2020. check here for all details

ICMAI CMA 2020 exam - Postponed

Due to the COVID-19 outbreak and subsequent lockdown, the Institute of Cost Accountants of India (popularly known as ICMAI) has postponed the CMA examinations scheduled to be held in June. Earlier, the Institute had extended the closing date for submission of online application form for June examinations. According to a statement released by the Institute, now, the CMA examinations will be held from July.

"The Foundation, Intermediate and Final examinations that were scheduled from 11th - 18th June, 2020 will now commence from 20th July, 2020," the Commission said in the statement. 

The revised schedule of the examinations in detail will be announced soon, it added.

ICMAI CMA foundation 2020 - Highlights 

There are 4 papers in the foundation exam which the candidates need to qualify. Once a candidate qualifies the Foundation exam, then the candidate becomes eligible for the Intermediate exam. On passing the Intermediate exam, the candidate can apply for the final exam. The exam is conducted by Institute of Cost Accountants of India (ICMAI)

Features 

Overview  

Name of the exam 

ICMAI CMA foundation course 

Conducting authority 

Institute of Cost Accountants of India (ICMAI)

Level 

National level 

Course 

3 Stages (Foundation, Intermediate and Final)

Official website 

www.icmai.in

Purpose of the exam 

This is a Foundation or basic exam to become eligible for the Intermediate level exam of the ICMAI CMA certification.

What are the stages to become a CMA?

An individual has to clear three stages to become a Cost and Management Accountant. The three stages are mentioned below. 

  • CMA foundation 
  • CMA intermediate 
  • CMA final

What are the eligibility criteria for ICMAI CMA 2020?

Before applying for the examination it is better to check the eligibility criteria we have furnished the eligibility criteria below.

  • Candidates must pass the Class 10th examination or equivalent from a recognised board or institution 

  • Pass the Senior Secondary School Examination under the 10+2 scheme of a recognised Board

  • Pass an examination recognised by the Central Government as equivalent thereto

  • Candidate must  pass the National Diploma in Commerce Examination held by the All India Council for Technical Education,

  • Pass any State Board of Technical Education under the authority of the said All India Council

  • Pass Diploma in Rural Service Examination conducted by the National Council of Rural Higher Education.

  • Candidate who pass the Foundation examination conducted by the Institute of Company Secretaries of India will be exempted from Foundation Course & vice versa

  • Those applicants who have passed the Intermediate Examination (by whatever name called) conducted by the Institute of Chartered Accountants of India will be exempted from Foundation Course and are also eligible for the post. Any candidate who has passed the Intermediate examination will be exempted from Common Proficiency Test (i.e. entry-level examination)conducted by the Institute of Chartered Accountants of India.

  • Candidates who pass the qualifying examination for direct admission to Intermediate Course are exempted from Foundation Course.

  • Admission to the course must be done 4 months before the commencement of the examination.

  • Course Scheme for Foundation Course - A student taking admission in Foundation Course has to undergo coaching - Oral or Postal.

  • Students under Postal or Oral Coaching will be provided with study material of the institute.

  • On successful completion of Postal/Oral Coaching, a student will be issued with a Coaching Completion Certificate.

ICMAI CMA Foundation 2020 Examination Eligibility

For admission into Foundation examination the following conditions are to be fulfilled by a candidate:

  • He/she should have a valid Identification Number.

  • The candidate is not debarred from appearing in Foundation Course examination of this Institute.

  • Candidate has submitted the Examination form duly filled in within the specified time. The form needs to be submitted along with the requisite fees as fixed by the Council from time to time to the Directorate of Examination.

What is the application process for ICMAI CMA exam 2020?

ICMAI CMA Foundation 2020 online application forms have already been released by the conducting authorities. The last date for admission into the foundation course is 30 April 2020. Candidates must read the given below points regarding CMA 2020 application forms:

  • Application forms will be available in online mode only. No application would be entertained in offline mode.
  • Candidates opting for overseas centres have to apply offline and send Demand Draft (DD) along with the form. 

  • Candidates must pay the fees after filling the application for the completion of the application process.

  • CMA Foundation registration for June 2020 term examination, candidates need to visit the ICMAI official site.

  • After selecting the 'Foundation' option, the candidate needs to select the coaching type - Oral or Postal.

  • In the next screen, the applicant needs to fill in and complete the following sections of the online application form:

Personal Details

Address Details

Qualification details

Payment

Uploading attachment

  • Once the candidate has successfully uploaded all the above-scanned documents & make payment online, he/she will receive a welcome message.

  • Identification/ Registration Number will be generated only after the completion of document verification and authentication from the Directorate of studies.

  • Study Material will only be dispatched after generation of Identification/ Registration Number.

  • Candidates need to complete the application form comprising every step within 30 days from the date of the original application.

  • The life of an incomplete application would be a maximum of 30 days(T+30) and after 30 days, the application will be physically deleted from the database.

What is the application fee for ICMAI CMA exam 2020?

CMA coaching fees is mentioned below

  1. Coaching (oral) - Rs. 4000

  2. Coaching (postal) - Rs.4000

CMA foundation course Fees

Foundation course exam fee are mentioned below

  1. Inland centres - Rs.1200

  2. Overseas centres - US $60

Mode of Payment: Candidates have to make payment through Credit/Debit card or Net banking. Students can also pay their requisite fee through the pay-fee module of IDBI Bank.

ICMAI CMA Foundation 2020 Results

A list of successful candidates in the CMA Foundation examination will be published by the ICMAI Council in the result declaration. Candidates should refer to the points given below for details about result announcement by ICMAI:

  • Marksheet for Foundation Examination has to be downloaded from the website only. No hard copy of the mark sheet will be sent for Foundation Examination.

  • The downloaded mark sheet will be treated as an authentic document for admission in the Intermediate Course of the Institute.

  • A duplicate mark sheet of an examination held within 5 (five) years will be available on payment of fees of Rs. 100/-.

  • Candidate passing Foundation examination will not be issued with a Pass Certificate/Rank Certificate. Only candidates passing Intermediate will be issued with a Pass Certificate. Pupils passing Final Examination will be issued with a Pass Certificate

  • In case the result of a candidate in an examination has been affected by error or fraud or using unfair means during the examination, the Examination Committee shall have the power to amend the result suitably.

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