Preparing for CMA exams requires more than just understanding concepts. You need access to diverse study materials and resources. It's crucial to practice applying your knowledge accurately and efficiently within the allotted time. Simply knowing the answers isn't sufficient; you must also present information in the requested format without exceeding expectations. For example, "Explain" questions require providing the meaning or purpose, while "Illustrate" questions demand an accompanying example. How can you acquire this expertise? By actively engaging in question papers and practicing extensively. This approach will equip you with the skills and familiarity needed to excel in your CMA exams.
You can access the CMA final papers with solutions and learn effective strategies for tackling them in group 3 and group 4 through the provided link.
You can access and download ICMAI's CMA final papers without solutions through the provided link.
The CMA final paper is structured into two groups: Group 3 and Group 4. Each group consists of four papers, with each paper carrying 100 marks. All the papers within Group 3 and Group 4 are assessed out of 100 marks. The duration of the exam is three hours.
Mode of exam
Objective and Subjective
Online center-based exam
Total marks
100 marks in each paper
3 hours
Eight-4 papers in each group
Two-Group 3 & Group 4
No of groups
No of papers
Duration of exam
Type of question
No negative marking
120 questions in each
No of questions
Marking scheme
Hindi or English
Passing criteria
40% in all papers and 50% in total
Language
CMA Final Question paper – Marking Scheme
GROUP 3
The CMA final paper follows a specific marking scheme, and it is important to note that there is no negative marking in CMA exams.
Other Corporate Laws - 25%
Investment Decisions - 25%
Companies Act - 60%
Corporate Governance - 15%
Paper 13: Corporate Laws & Compliance (CLC)
Paper 14: Strategic Financial Management (SFM)
Financial Markets and Institutions - 20%
Financial Risk Management - 30%
Security Analysis and Portfolio Management - 25%
Paper 15: Strategic Cost Management – Decision Making (SCMD)
Strategic Cost Management Tools and Techniques - 50%
Cost Management - 20%
Strategic Cost Management Application of Statistical Techniques in Business Decisions - 30%
Paper 16: Direct Tax Laws and International Taxation (DTI)
Advanced Direct Tax Laws - 50%
Case Study Analysis - 20%
International Taxation - 30%
Paper 17: Corporate Financial Reporting (CFR)
GAAP and Accounting Standards - 20%
GROUP 4
Consolidated Financial Statements - 20%
Paper 18: Indirect Tax Laws and Practice (ITP)
Government Accounting in India - 15%
Tax Practice and Procedures - 20%
Advanced Indirect Tax & Practice - 80%
Accounting of Business Combinations & Restructuring -20%
Developments in Financial Reporting - 25%
Paper 19: Cost and Management Audit
Cost Audit - 35%
GROUP 4
Internal Audit, Operational Audit and other related issues - 25%
Paper 20: Strategic Performance Management and Business Valuation
Strategic Performance Management - 50%
Business Valuation - 50%
For CMA Final study material and other quality resources,
Management Audit - 15%
Case Study on Performance Analysis - 25%
: CMA Study Material
CMA Final Question Papers: How to Get the Best Results
Once you have thoroughly studied all the subjects/papers of your CMA final course, it is time to begin attempting the question papers.
Carefully review all the CMA final papers you have and familiarize yourself with the exam pattern. Take note of the question types in each section of the paper.
CMA Final Question Papers
If you have downloaded TopLad's CMA final question papers with solutions provided by our faculties, study how to correctly answer these questions.
Start attempting the question papers.
Make an effort to complete the paper in one sitting to develop a habit.
Strive to finish the paper within the allotted exam time. If you are unable to do so, make daily attempts to increase your speed.
Evaluate your performance and track your progress daily. Aim to improve your score day by day.
With dedicated practice and ample time, you can overcome any obstacles and achieve success.
Identify your strengths (sections where you perform well) and weaknesses (sections where you struggle). Focus on enhancing your weak areas. Also, recognize any sections that pose consistent challenges (areas where improvement seems difficult despite extensive studying). It may be better to prioritize other sections and not spend excessive time on these challenging areas.
Keep practicing!