[FAQs] Certified Management Accountant (CMA) – Result Related Questions

  • Exam|CMA|
  • 7 Min Read
  • By Taxmann
  • |
  • Last Updated on 23 December, 2023

CMA result related faqs; CMA faqs

FAQ 1. What is the date sheet of CMA Exams for June 2022?

  • CMA Foundation Course Examination

Paper Subject

(Each for 100 Marks with 50 Multiple Choice Questions)

Date Duration Timing
1 Fundamentals of Economics & Management 8th July, 2022

(Friday)

 

 

 

10.00 am to 12.00 pm

 

2 Hours

 

2 Fundamentals of Accounting
3 Fundamentals of Laws & Ethics 2.00 pm to 4.00 pm

 

2 Hours
4 Fundamentals of Business Mathematics & Statistics

The link for the official notification is below:
https://icmai.in/upload/Examination/Notification/J22_FOUNDATION_NOTIFICATION_ONLINE.pdf

  • CMA Intermediate Course Examination

Paper Subject

(Duration: 3 Hours

Timing: 10.00 pm to 1.00 pm)

Date
Group-I
5 Financial Accounting 27th June 2022
6 Laws & Ethics 29th June 2022
7 Direct Taxation 1st July 2022
8 Cost Accounting 3rd July 2022
Group-II
9 Operations Management & Strategic Management 28th June 2022
10 Cost & Management Accounting and Financial Management 30th June 2022
11 Indirect Taxation 2nd July 2022
12 Company Accounts & Audit 4th July 2022
Paper Subject

(Duration: 3 Hours

Timing: 10.00 pm to 1.00 pm)

Date
Group-I
5 Financial Accounting 27th June 2022
6 Laws & Ethics 29th June 2022
7 Direct Taxation 1st July 2022
8 Cost Accounting 3rd July 2022
Group-II
9 Operations Management & Strategic Management 28th June 2022
10 Cost & Management Accounting and Financial Management 30th June 2022
11 Indirect Taxation 2nd July 2022
12 Company Accounts & Audit 4th July 2022

The link for the official notification is below:
https://icmai.in/upload/Examination/Notification/June_2022_Inter_Final_Exam_Notification.pdf

  • CMA Final Course Examination

Paper Subject

(Duration: 3 Hours

Timing: 2.30 pm to 5.30 pm)

Date
Group-I
13 Corporate Laws & Compliance 27th June 2022
14 Strategic Financial Management 29th June 2022
15 Strategic Cost Management – Decision Making 1st July 2022
16 Direct Tax Laws and International Taxation 3rd July 2022
Group-II
17 Corporate Financial Reporting 28th June 2022
18 Indirect Tax Laws & Practice 30th June 2022
19 Cost & Management Audit 2nd July 2022
20 Strategic Performance Management and Business Valuation 4th July 2022

The link for the official notification is below:
https://icmai.in/upload/Examination/Notification/June_2022_Inter_Final_Exam_Notification.pdf

For complete CMA Time Table, refer to the various official notifications by ICMAI: https://icmai.in/studentswebsite/exam_notification.php

FAQ 2. How to fill out the CMA Examination Form?

The examination forms for Foundation, Intermediate and Final Examinations have to be filled up through online mode only. However, the payment for examination fee can be made either through payment gateway by using Credit/Debit card or Net banking or through pay-fee module of IDBI Bank.

Note: Students from overseas have to apply offline and send DD along with the form. The Demand Draft should be made in favour of ‘The Institute of Cost Accountants of India’, payable at Kolkata.

A candidate needs to follow the following process to fill up the exam form:

    • Visit CMA’s official exam website and click on “Online Exam Application Form” (https://icmai.in/studentswebsite/exam_notification.php).
    • A new page will open. Now click on “Online Application”.
    • Now select Foundation/Intermediate/Final, click on submit and enter the registration number.
    • After entering the registration number, all the details of the candidate will be filled automatically.
    • Check the details and also the city of examination, exam center name and group/stage that the candidate is applying for, then click on submit.
    • In the next step, the candidate needs to upload his/her passport size photograph as well as his/her signature. The size of the documents shall not exceed 40kb and it shall be properly cropped.
    • Now click on submit and make the payment. After successful payment, an acknowledgment on registered e-mail will be received.

FAQ 3. Is any examination fee levied on filing CMA Examination Form?

Yes, a candidate, after getting registered to the CMA Foundation/ Intermediate/ Final Course, should fill a separate online examination form along with the applicable fee in order to appear for the examination. Below is the examination fee required to be paid as per the current ICMAI guidelines at all the three levels:

Level of Examination Indian Centres Fee Overseas Centres Fees
  Single Group Both Groups  
Foundation Rs. 1,200 60 USD
Intermediate Rs. 1,200 Rs. 2,400 90 USD
Final Rs. 1,400 Rs. 2,800 100 USD

Usually, a late fee of Rs. 300 shall also be applicable if the payment is made beyond a stipulated date; thereafter the examination form shall not be allowed to be submitted by the candidate. However, the details of the same can vary as may be decided by the Institute.

Students are advised to refer the Examination Notifications for each term on the website http://www.icmai.in.

FAQ 4. Which is the last date to fill the CMA examination form for June 2022 exams?

The CMA examination forms are usually required to be filled before 2 months of the exams. The last date for submitting the application form for CMA Intermediate and Final (June Session) is April 27, 2022. For CMA Foundation (June Session), the application form can be submitted by May 8, 2022.

FAQ 5. What is the expected date of result for CMA Examinations?

The results for CMA Foundation/ Intermediate/ Final Examinations conducted in months of June and December are usually declared within 6-8 weeks (https://icmai.in/studentswebsite/exam_results.php), as follows:

Foundation Intermediate Final
For examination conducted in Result is generally declared in
June Mid-July Between last week of July to first week of August Between last week of July to first week of August
December Mid-January Between last week of January to first week of February Between last week of January to first week of February

FAQ 6. What are the Passing Criteria for CMA Examinations?

CMA Foundation:

    • Minimum 40% marks in each subject alongwith an overall aggregate of at least 50% marks.

For instance, if a candidate scores 40 out of 100 marks each in all the four papers, his/her overall aggregate would be 160 marks; however, the second condition that needs to be fulfilled in order to pass in CMA Foundation is that the overall aggregate should be at least 50% viz. 200 out of 400 marks. So, even if the candidate has cleared in all the four subjects individually, the overall aggregate criteria would not permit him/her to clear the CMA Foundation Exam.

CMA Intermediate/ Final:

    • Minimum 40% marks in each paper of group alongwith an overall aggregate in all the non-exempted papers of that group of at least 50% marks.

For instance,

Paper 1 Paper 2 Paper 3 Paper 4 Total of Group I Paper 5 Paper 6 Paper 7 Paper 8 Total of Group II Grand Total
50 45 42 40 177 48 52 62 55 217 394
Pass Pass Pass Pass Failed Group I Pass Pass Pass Pass Passed Group II Passed Group II

Thus, even if the candidate has cleared in all the four Papers individually in Group I, the overall aggregate criteria of at least 50% marks viz. 200 out of 400 marks would not permit him/her to clear the particular group.

FAQ 7. Does passing criteria remain the same in case of subsequent attempts?

Yes, a minimum 40% in each paper along with 50% aggregate of all the papers attempted shall make a candidate clear his/her exams.

For Instance, if a candidate earns exemption in two papers with 70 and 80 marks respectively in a group (comprising 4 papers), then in the next attempt, for the remaining two papers, he/she has to score at least 40 in each paper as well as at least 100 out of 200 marks to satisfy the minimum aggregate 50% criteria.

FAQ 8. What was the Passing Percentage in December 2021 CMA Examinations?

  • CMA Intermediate Passing Percentage December 2021

Group Appeared Passed Pass Percentage
I 20,934 3,445 16.46%
II 9,881 2,140 21.66%
Both Groups 11,860 Passed Either Group – 847

Passed Both Groups – 1,402

7.14%

11.82%

  • CMA Final Passing Percentage December 2021

Group Appeared Passed Pass Percentage
III 8,276 900 10.87%
IV 3,647 426 11.68%
Both Groups 4,270 Passed Either Group – 308

Passed Both Groups – 281

7.21%

6.58%

Note: On declaration of results, 1,166 candidates completed CMA Final in December 2021 Examination.

FAQ 9. Who were the top achievers in December 2021 CMA Examinations?

  • CMA Foundation Topper’s List December 2021

Name of Candidate All India Rank City
Yash Kumar 1 Jaipur
Logesh Kannan R 1 Coimbatore
Arman Ansari 2 Lucknow
Ayush Jaiswal 3 Kolkata
  • CMA Intermediate Topper’s List December 2021

Name of Candidate All India Rank City
Sarvesh Saboo 1 Ranchi
Piyush Gupta 2 Delhi
Himanshu Babulal Ostwal 3 Vapi
  • CMA Final Topper’s List December 2021

    Name of Candidate All India Rank City
    Meera Kuttappan 1 Thrissur
    Ayush Shekhar Agarwal 2 Surat
    Rohini J 3 Delhi

FAQ 10. When does a student get an exemption in CMA Examination?

    • A candidate should have appeared in all the papers comprised in a group.
    • Securing a minimum of 60 marks in a paper makes one eligible for exemption and the same shall be automatically indicated in the statement of marks issued by ICMAI.
      Note: For claiming an exemption secured, a candidate is not required to fill any form or give any intimation to the institute.

FAQ 11. What is the validity of exemption secured in CMA Examination?

If any candidate scores 60% and above in any paper then he/she is eligible for exemption in that paper i.e. he/she need not appear for that subject paper in the next exam.
Such exemption remains valid up to 3 attempts only.

For example, if exemption is secured in June 2020 examination, then one can claim exemption for same paper in December 2020, June 2021, December, 2021 examinations only.

FAQ 12. How to get certified copies of answer books in CMA Examination? Or, Can evaluated answer sheets be inspected?

One can apply for the certified copies of answer books or get the evaluated answer books inspected either through RTI process (https://rtionline.gov.in/) or through the official website of ICMAI (https://examicmai.in/emsweb/result/an_photocopyrequest.aspx) in which case the application should be done within 21 days from the date of declaration of results of the concerned examination with a fee of Rs. 500 per paper.

13. How to apply for Verification of Answers papers of CMA Examinations?

The verification of answer books can be requested for at the ICMAI either physically or online (https://examicmai.in/emsweb/result/an_subjverifiappli.aspx) within 30 days from the date of declaration of results on payment of the requisite fees of Rs. 250 per paper.
Students have to give the following details:

1. Registration No.,
2. Roll No.,
3. Name,
4. Course name and
5. Name of subject for which verification is applied.

On receipt of such application, following aspects are checked:

    • Whether any question or part thereof has remained unvalued and if so, to evaluate the same and issue a revised statement of marks.
    • Whether there is any totaling error in any question or total marks on the cover page.
    • Whether there is any discrepancy between the marks for each question and or/part thereof and marks for each question indicated on the cover page of the answer book.

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Leave a Reply

Your email address will not be published. Required fields are marked *

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied