Cost Accountancy

Cost Accountancy is a professional course administered by The Institute of Cost Accountants of India (ICMAI). A Cost Accountant has expertise in directing managerial decisions through establishing budgets and standards, assessing operational efficiency, designing Management Information Systems, implementing cost records maintenance systems and procedures, and identifying factors for profit variance.

Cost Accountants in Employment: Many members of the ICMAI are holding top management positions of Managing Directors, Finance Directors, Financial Controllers, Chief Accountants, Cost Controllers, Chief Internal Auditors, CEOs, CFOs in business houses across the country.

Cost Accountants in Practice: Cost Accountants in Practice conduct statutory Cost Audits as prescribed in the Companies Act, as well as other audits as specified under various statutes such as the Excise Laws, Customs Laws and VAT Laws. They also act as management consultants and undertake assignments related to efficiency and operational consultants to manufacturing units in various industries. ...Read more...

Steps to Become a Cost & Management Accountant

Certificate in Accounting Technicians (CAT) Course
Course Details                          Course Prospectus

Exam Resources & Papers

(Postal Coaching Papers, Scanners, Revalidation Papers, Revisionary Test Papers - RTPs, Practice Test Papers, Past Year Papers)

Postal Coaching Test Papers for December 2013

IntermediateGroup 1                    FinalGroup 3

IntermediateGroup 2                    FinalGroup 4

Scanners

Intermediate Level	Final Level
Group 1	Group 3
Financial Accounting	Capital Market Analysis & Corporate Laws
Commercial and Industrial Law & Auditing	Financial Mgmt & International Finance
Applied Direct Taxation	Mgmt Accounting -Strategic Management
	Indirect & Direct- Tax Management
Group 2	Group 4
Cost & Management Accounting	Mgmt. Acc. - Enterprise Performance Mgmt.
Operation Management & Information Systems	Advanced Financial Accounting & Reporting
Applied Indirect Taxation	Cost Audit & Operational Audit
	Business Valuation Management

Papers for Revalidation of Coaching Completion

Intermediate Level	Final Level
Group 1	Group 3
Financial Accounting	Capital Market Analysis & Corporate Laws
Commercial and Industrial Law & Auditing	Financial Mgmt & International Finance
Applied Direct Taxation	Mgmt Accounting -Strategic Management
	Indirect & Direct- Tax Management
Group 2	Group 4
Cost & Management Accounting	Mgmt. Acc. - Enterprise Performance Mgmt.
Operation Management & Information Systems	Advanced Financial Accounting & Reporting
Applied Indirect Taxation	Cost Audit & Operational Audit
	Business Valuation Management

Revisionary Test Papers (Old Syllabus 2008)

	2010	2011	2012	2013
Intermediate Level
Financial Accounting	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Commercial & Industrial Law and Auditing	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Applied Direct Taxation	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Cost & Management Accounting	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Operation Mgmt & Information System	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Applied Indirect Taxation	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Final Level
Capital Market Analysis & Corporate Laws	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Financial Mgmt & International Finance	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Mgt. Accounting-Strategic Management	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Indirect & Direct-Tax Management	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Mgt. Acc. -Enterprise Performance Mgt.	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Advanced Financial Accounting & Reporting	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Cost Audit & Operational Audit	Jun Dec	Jun Dec	Jun Dec	Jun Dec
Business Valuation Management	Jun Dec	Jun Dec	Jun Dec	Jun Dec

Revisionary Test Papers (New Syllabus 2012)

Intermediate Level	Final Level
Paper 5: Financial Accounting	Paper 13: Corporate Laws & Compliance
Paper 6: Laws, Ethics & Governance	Paper 14: Advanced Financial Management
Paper 7: Direct Taxation	Paper 15: Business Strategy and Strategic Cost Mgmt
Paper 8 : Cost Accounting and Financial Mgmt	Paper 16: Tax Management and Practice
Paper 9 : Operations Mgmt & Information System	Paper 17: Strategic Performance Management
Paper 10: Cost & Management Accountancy	Paper 18: Corporate Financial Reporting
Paper 11: Indirect Taxation	Paper 19: Cost and Management Audit
Paper 12: Company Accounts & Audit	Paper 20: Financial Analysis & Business Valuation

Practice Test Papers (New Syllabus) December 2013

Intermediate Level	Final Level
Paper 5: Financial Accounting	Paper 13: Corporate Laws & Compliance
Paper 6: Laws, Ethics & Governance	Paper 14: Advanced Financial Management
Paper 7: Direct Taxation	Paper 15: Business Strategy and Strategic Cost Mgmt
Paper 8 : Cost Accounting and Financial Mgmt	Paper 16: Tax Management and Practice
Paper 9 : Operations Mgmt & Information System	Paper 17: Strategic Performance Management
Paper 10: Cost & Management Accountancy	Paper 18: Corporate Financial Reporting
Paper 11: Indirect Taxation	Paper 19: Cost and Management Audit
Paper 12: Company Accounts & Audit	Paper 20: Financial Analysis & Business Valuation

Past Year Papers (Old & New Syllabus) 2013

December 2013 (New Syllabus)

Intermediate Level	Final Level
Paper 5: Financial Accounting	Paper 13: Corporate Laws & Compliance
Paper 6: Laws, Ethics & Governance	Paper 14: Advanced Financial Management
Paper 7: Direct Taxation	Paper 15: Business Strategy and Strategic Cost Management
Paper 8 : Cost Accounting and Financial Mgt	Paper 16: Tax Management and Practice
Paper 9 : Operations Mgt & Information System	Paper 17 : Strategic Performance Management
Paper 10: Cost & Management Accountancy	Paper 18: Corporate Financial Reporting
Paper 11: Indirect Taxation	Paper 19: Cost and Management Audit
Paper 12: Company Accounts & Audit	Paper 20: Financial Analysis & Business Valuation

Old Syllabus

June and December 2013
Intermediate Level
Financial Accounting	June		December
Commercial & Industrial Law and Auditing	June		December
Applied Direct Taxation	June		December
Cost & Management Accounting	June		December
Operation Management & Information System	June		December
Applied Indirect Taxation	June		December
Final Level
Capital Market Analysis & Corporate Laws	June		December
Financial Management & International Finance	June		December
Mgt. Accounting-Strategic Management	June		December
Indirect & Direct-Tax Management	June		December
Mgt. Accounting-Enterprise Performance Mgt.	June		December
Advanced Financial Accounting & Reporting	June		December
Cost Audit & Operational Audit	June		December
Business Valuation Management	June		December

Results

To check the results of the CMA/ICWAI December 2013 exam session, click here.

December 2013 List of Rankholders
Click here to view the December 2013 term Provisional Rank list for Inter 2012 Syllabus
Click here to view the December 2013 term Provisional Rank list for Inter 2008 Syllabus

Click here to view the December 2013 term Provisional Rank list for Final 2012 Syllabus
Click here to view the December 2013 term Provisional Rank list for Final 2008 Syllabus

June 2014 Datesheet
Click here to view the schedule for Inter and Final

MoU with CIMA (UK)
Members of the Institute of Cost Accountants of India desirous of obtaining membership of CIMA, UK can now follow a fast track route which has been worked out mutually between ICAI and CIMA in a Memorandum of Understanding. The details for the same can be viewed from the following links:

A Brief of the MoU,         Fast Track Route to CIMA,         Salient Features of MoU