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ICMAI CMA Syllabus 2018 | Changes in the CMA syllabus


ICMAI Syllabus 2018 For CMA Foundation | CMA Inter | CMA Final

ICMAI had released new syllabus in 2016. This new ICMAI Syllabus 2018 is applicable for CMA Foundation, CMA Inter CMA Final. The First Examination under “ ICMAI Syllabus 2016” was conducted in December 2016. The Last Examination under “Syllabus 2012” was conducted in June 2017. If you are looking for complete information on ICMAI syllabus or CMA syllabus, changes in ICMAI syllabus or CMA syllabus, read the complete article.

Read below the official notification for Changes in ICMAI Foundation, Inter, and Final as per new syllabus 2016:

No. CMA (3) /2015 : In pursuance of sub-regulation (b) of Regulation 20B and Regulation 31 of the Cost and Works Accountants Regulations, 1959, it is hereby notified that in exercise of powers conferred by clause (a) of sub-section (2) of Section 15 of the Cost and Works Accountants Act,1959, the Council of the Institute of Cost Accountants of India at its 293rd Meeting held on 20/5/2015 has approved the “Syllabus 2016” for introduction w.e.f. 1st February 2016 as annexed in Annexure 1. Students admitted to the Courses of the Institute w.e.f. 1st February 2016 shall pursue Courses under “Syllabus 2016”.


  • The First Examination under “Syllabus 2016” shall be conducted in June 2017.
  • The Last Examination under “Syllabus 2012” shall be conducted in December 2016.


Examinations under both Syllabi shall be conducted simultaneously as per the dates mentioned below:

Examination to be held in Examinations to be held under
December 2016 Syllabus 2012 Syllabus 2016
June 2017 Syllabus 2012 Syllabus 2016
December 2017 and onwards (until further notice) Syllabus 2016

This issues with the approval of the competent authority.

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Institute of Cost and Works Accountants of India made some changes in ICMAI Foundation, Inter and Final syllabus from 2016. Click on the below links to read the complete details

ICMAI Foundation Syllabus 2016

ICMAI Inter Syllabus 2016 (Executive Course)

ICMAI Final Syllabus 2016 (Professional Course)

New ICMAI Syllabus 2016 For CMA Foundation

Syllabus 2016 – Foundation Course
P1 Fundamentals of Economics & Management
P2 Fundamentals of Accounting
P3 Fundamentals of Laws and Ethics
P4 Fundamentals of Business Mathematics & Statistics

Foundation Course Examination: Online MCQ Mode.

Foundation Examinations – Four (4) times in a year in every three (3) months.

 ICMAI Syllabus 2016 For CMA Inter

Syllabus 2016 – Intermediate Course: Group – 1

Paper – 5 Financial Accounting

Paper – 6 Laws & Ethics

Paper – 7 Direct Taxation

Paper – 8 Cost Accounting

Syllabus 2016 – Intermediate Course: Group – 2

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Paper – 9 Operations Management & Strategic Management

Paper – 10 Cost & Management Accounting and Financial Management

Paper – 11 Indirect Taxation

Paper – 12 Company Accounts & Audit

ICMAI Syllabus 2016 For CMA Final

Syllabus 2016 – Final Course: Group – 3

Paper – 13 Corporate Laws & Compliance
Paper – 14 Strategic Financial Management
Paper – 15 Strategic Cost Management – Decision Making
Paper – 16 Direct Tax Laws and International Taxation

Syllabus 2016 – Final Course: Group – 4

Paper – 17 Corporate Financial Reporting
Paper – 18 Indirect Tax Laws & Practice
Paper – 19 Cost & Management Audit
Paper – 20 Strategic Performance Management and Business Valuation


ICMAI New Syllabus 2017 Official Notification

Click Here to see ICMAI Syllabus 2016 For Foundation, Inter and Final Exams.

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  1. uttam makwana says

    i am student of the cma i am residency of rajpura dist botad city ahemadabad. My family position is very poor. I complete std 12 with 99.47 pr so help me for scholarship and send mail of my site

  2. aman vaid says

    uttam makwana how you got 99.47% in class 12th please share your story and study tips with me please please send your story and study tips to my email id

  3. Nitesh Daga says

    Hi…I need online coaching classes for ICWAI Inter to enable me to prepare for it.

  4. Jalandar says

    Hi. ..I have just completed cwa intermediate. …

    I want iNformation regarding modular training…. Is it compulsory. .And without modular training can we apper for final grp. ..pls reply

  5. sahu says

    dekh bhai, karna he to CA kar, CMA me mat ghush.

  6. Nagaraj says

    I already complete my online computer test ,but not complete inter now syllabus change I reright my computer exam also it’s necessary

  7. Ankit says

    6month trainnig compulsry. In appear of final exam.

  8. subramani says

    i am doing cima uk, if i complete cima uk is it possible to register icwa or to be write some exam ?

  9. kannan says

    When last date of applying Intermediate

  10. Nikhil says

    If a student has pass cpt exam can he start from intermediate course or not plz help

  11. chandru says

    New Syllabus will be applicable from June 2017 EXAM as per CMA institute circular

  12. rohan sharma says

    Only four paper

  13. ashwini says

    Hyy hw did u completed inter is tat easy?? And pls give sme tips

  14. Naina says

    I have taken exemption from practical training as i am in service. Is there any exemption from 7 days Industry Oriented Program?

  15. kalpna varun says

    no, not

  16. kalpna varun says

    no online comp test is not necessary

  17. Piyush Aggarwal says

    any body can please share the study material of ICWA(syllabus-2012) Inter Group-1 in Hindi

  18. Piyush Aggarwal says

    my email id is

  19. dibakar samantaray says

    what is the last date of registration to apper december term exam of 2016?

  20. dibakar samantaray says

    i have completed my B. Com from 2015 and now wants to register in icwai intermediate . What will be the registration and extra classes fee required for my study?

  21. hari says

    Hai i am hari i completed ICWAI Inter , can i covert to 2016 syllabus please let me know

  22. mani says

    but institute says 1wst attempt 2016 syllbus exam hald on june 2017

  23. Praveen Prasad says

    hi,i confused that which course is better *ca or cma*.i got 85.6% in class 12 under west bengal please suggest me.

  24. Chetna Chaudhary says

    Dear Praveen,

    We understand your concern, and would like to refer a video by Professor KK Agrawal
    Click here to watch the video :
    In this video SuperProf KK Agrawal discussed the salient features of the CA, CS, CMA courses and presents
    the career prospects of each of these options so that students may then introspectively decide on their key strengths and choose the right career.

    I hope this will help!

    Warm Regards,
    Team SuperProfs

  25. SuperProfs Team says

    Dear Praveen,
    We understand your concern,
    We request you to go through this videos by superProfs.
    Here, we discussed on the salient features of the CA, CS, CMA courses and presents the career prospects of each of
    these options so that students may then introspectively decide on their key strengths and choose the right career and
    tips to clear CA, CS and CMA exam.
    I hope this will help you.

    Team SuperProfs

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