CMA Final Group 3 Course consists of 4 papers which are to be attempted either independently or together with Group 4 (also consisting of 4 papers) depending on a student’s preference or preparation. CMA Final group 3 exams are held twice in a year, once in the month of June and once in December
A student is eligible to appear in CMA Final group 3 exam only after fulfilling the following conditions:
Registration for the CMA final course is open throughout the year However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination, students should apply before 31st July of that year. To apply for CMA final course, visit icmai’s official website and fill out the admission form.
To register for CMA final group 3 course, a student can visit icmai’s official website and fill out the admission form and pay a fee of Rs.25000 (for both groups). The fee can be paid in two instalments:
CMA final group 3 syllabus consists of 4 subjects/papers namely Corporate laws and compliance, Strategic Financial Management, Strategic Coast Management and Direct Tax Laws and International Taxation. CMA final group 3 subjects and topics to be covered along with their respective weightage in final examination are mentioned below.
CMA Final Group 3 Subjects:
Correct understanding of a question is the first step in delivering the right answer. In our courses you will learn how to tackle every question correctly and according to the exam pattern and objective of the question. The question paper will comprise of knowledge, comprehension, application and analysis based sections. Following is an explanation on how to formulate your answers on that basis.
|Learning objectives||Verbs used||Definition|
What you are expected to know
|List||Make a list of|
|State||Express. fully or dearly. The details/facts or|
|Define||Give the exact meaning of|
What you are expected to understand
|Describe||Communicate the key features or|
|Distinguish||Highlight the differences between|
|Explain||Make clear or Intelligible/ state the meaning or purpose of|
|Identify||Recognize, establish, or select after consideration|
|Illustrate||Use an example to describe or explain something|
How you are expected to apply your knowledge
|Apply||Put to practical use|
|Calculate||Ascertain or reckon mathematically|
|Demonstrate||Prow with certainty or exhibit by practical means|
|Prepare||Make or get ready for use|
|Reconcile||Make or prove consistent/ compatible|
|Solve||Find an answer to|
|Tabulate||Arrange in a table|
How you are expected to analyse the details of what you have learned
|Analyse||Examine in details the structure of|
|Categorise||Place into a defined class or division|
|Compart and contrast||Show the similarities and/ or differences between|
|Construct||Build up or compile|
|Discuss||Examine in details by argument|
|Interpret||Translate into intelligible or familiar terms|
|Prioritise||Place in order of priority or sequence for action|
|Produce||Create or bring into existence|
A student appearing for CMA final exam, is required to complete 15 months of practical training adhering to the guidelines provided by The institute of cost accountants of India (icmai) on their website. Practical Training is to be done in a cost accounting firm or any other recognized organization in areas mentioned in the practical training scheme provided by icmai. A student is required to complete 10 months of his practical training 4 months before the month in which he is giving his final examination and 15 months of training before the declaration of his CMA final result.
To pass CMA final exam, a candidate is required to obtain a minimum of 40% in all individual papers and an aggregate of 50% in total. If a candidate who failed to fulfill the criteria and is declared failed in any group, but has obtained 60% or more in any one paper or more, will be exempted to appear in that particular paper or papers in subsequent examination and after passing, the marks for each of the exempted papers will be reckoned as 50.
A student who has successfully cleared all 4 papers of CMA final group 3 in adherence to the passing criteria mentioned above, can appear in Group 4 in the forthcoming attempt and if he has already cleared CMA final Group 4 as well, He is entitled to be addressed as Qualified Cost Accountant.