CMA Final Exam Pattern 2021, CMA Final Course Syllabus & Preparation Tips

CMA Final Exam Pattern 2021, CMA Final Course Syllabus 2021 & Preparation Tips

The Institute of Cost Accountants of India (ICMAI) has issued the exam pattern of the CMA final exam 2021. The candidates must refer to the exam pattern of the CMA final 2021 exam to get brief information about the exam question paper. As per the exam pattern of CMA final 2021, the question paper will include both descriptive and objective types of questions. The duration of the exam will be of three hours as per the CMA final exam pattern 2021. The candidates will also get the idea about the sectional mark’s weightage in the question paper of CMA final exam pattern 2021. The syllabus of the CMA final is divided into two parts as per the exam pattern of the CMA final 2021. The candidates can get a detailed analysis of the exam by referring to the CMA final 2021 exam pattern. There will be no negative marking in the exam as per the CMA final 2021 exam pattern. The question paper of every subject will cover 100 marks as provided in the exam pattern of the CMA final.

 

Exam Pattern of CMA final 2021

Before appearing in the exam of CMA final 2021, the candidates must refer to the exam pattern provided by the institute. The highlights of the exam question paper as per the exam pattern of CMA final 2021 are as given below:

Exam Highlights	Exam Details of CMA Final
Types of questions	Objective and descriptive both
Mode of exam	Pen and Paper-based exam(Offline mode)
Medium of exam	English and Hindi
Exam conducting body	Institute of Cost Management Accountant of India(ICMAI)
Duration of exam	3 hours each paper
Marking pattern	100 marks each paper
Negative marking	No negative marking
Total groups	Total 2 groups (Four papers in each group)
Total number of papers	Total 8 papers
Frequency	Two times a year (June and December)

 

CMA Final Syllabus 2021

Paper – 13: Corporate Laws and Compliance

The topics covered under the syllabus of Corporate Laws and Compliance as per the CMA final syllabus 2021 are as given below:

Section – A: Companies Act 2013 (60 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Companies Act 2013 are as given below:

Topic as per the CMA Syllabus	Brief Details
1.      The Companies Act, 2013 – rules regulations prescribed thereunder with special reference to:	a)      Company Formation and Conversion b)      Investment and Loans c)      Dividends d)      Accounts and Audit e)      Board of Directors & Managerial Personnel f)       Board Meetings and Procedures g)      Inspection, Inquiry, and Investigation h)      Compromises, arrangements, and amalgamations i)       Revival and Rehabilitation of Sick Industrial Companies j)       Corporate winding up and dissolution k)      Companies Incorporated Outside India l)       Offences and Penalties m)    National Company Law Tribunal and Special Courts Insolvency and Bankruptcy Code, 2016 (Annexure-1)
2.      Insolvency and Bankruptcy Code, 2016

Section – B: Other Corporate Laws (25 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Other Corporate Laws are as given below:

Topic as per CMA Syllabus

3. SEBI Laws and Regulations

4. The Competition Act, 2002

5. Foreign Exchange Management Act, 1999

6. Laws related to Banking Sector

7. Laws related to Insurance Sector

Section – C: Corporate Governance (15 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Corporate Governance are as given below:

Topic as per CMA Syllabus

8. Corporate Governance

9. Social, Environmental, and Economic Responsibilities of Business

Paper – 14: Strategic Financial Management (SFM)

The topics covered under the syllabus of Strategic Financial Management (SFM) as per the CMA final syllabus 2021 are as given below:

Section – A: Investment Decisions (25 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Investment Decisions are as given below:

Topics as per CMA Syllabus

1. Investment Decisions, Project Planning and Control

2. Evaluations of Risky Proposals for Investment Decisions

3. Leasing Decisions

Section – B: Financial Markets and Institutions (20 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Financial Markets and Institutions are as given below:

Topics as per CMA Syllabus

4. Institutions in Financial Markets

5. Instruments in Financial Markets

6. Capital Markets

7. Commodity Exchange

Section – C: Security Analysis and Portfolio Management (25 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Security Analysis and Portfolio Management are as given below:

Topics as per CMA Syllabus

8. Security Analysis & Portfolio Management including Equity Research

Section – D: Financial Risk Management (30 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Financial Risk Management are as given below:

Topics as per CMA Syllabus

9. Financial Risks

10. Financial Derivatives- Instruments for Risk Management

11. Financial Risk Management in International Operations

Paper – 15: Strategic Cost Management – Decision Making (SCMD)

The topics covered under the syllabus of Strategic Cost Management – Decision Making (SCMD) as per the CMA final syllabus 2021 are as given below:

Section – A: Cost Management (20 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Cost Management are as given below:

Topics as per CMA Syllabus	Brief Details
1. Cost Management	(a) Developments in Cost Management (b) Cost Control & Cost Reduction- Basics, Process, Methods & Techniques of Cost Reduction program.

Section – B: Strategic Cost Management Tools and Techniques (50 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Strategic Cost Management Tools and Techniques are as given below:

Topics as per CMA Syllabus

2. Decision Making Techniques

3. Standard Costing in Profit Planning

4. Activity Based Cost Management- JIT and ERP

5. Cost of Quality and Total Quality Management

 

Section – C: Strategic Cost Management – Application of Statistical Techniques in Business Decisions (30 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Strategic Cost Management – Application of Statistical Techniques in Business Decisions are as given below:

Topics as per CMA Syllabus	Brief Details
6. Application of Operation Research & Statistical tools in Strategic Decision Making	(a) Learning Curve (b) Linear Programming (Formulation only) (c) Assignment (d) Transportation (e) Simulation (f) Network Analysis – CPM/PERT

 

Paper – 16: Direct Tax Laws and International Taxation (DTI)

The topics covered under the syllabus of Direct Tax Laws and International Taxation (DTI) as per the CMA final syllabus 2021 are as given below:

Section – A: Advanced Direct Tax Laws (50 Marks)

Topics as per CMA Syllabus

1. Assessment of income & Computation of Tax Liability of Various Entities

2. Tax Management, Return & Assessment Procedure

3. Grievance Redressal

4. Penalties and Prosecutions

5. Business Restructuring

6. Different aspect of Tax Planning

7. CBDT & other Authorities

8. E-commerce Transaction & Liability in special cases

9. Income Computation & Disclosure Standards (ICDS)

10. Black Money Act. 2015

Section – B: International Taxation (30 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of International Taxation are as given below:

Topics as per CMA Syllabus

11. Double Taxation & Avoidance Agreements (DTAA) [Sec. 90. 90A and 91]

12. Transfer Pricing

Section C: Case Study Analysis (20 Marks)

 

Paper – 17: Corporate Financial Reporting (CFR)

The topics covered under the syllabus of Corporate Financial Reporting (CFR) as per the CMA final syllabus 2021 are as given below:

Section – A: GAAP And Accounting Standards (20 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of GAAP And Accounting Standards are as given below:

Topics as per CMA Syllabus	Brief Details
1. Accounting Standards	(a) Generally Accepted Accounting Principles in India (b) Overview of Accounting Standards (AS) (c) International Financial Reporting Standards (d) Overview of Ind AS

 

Section – B: Accounting of Business Combinations & Restructuring (20 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Accounting of Business Combinations & Restructuring are as given below:

Topics as per CMA Syllabus

Brief Details

2. Accounting of Business Combinations & Restructuring (as per Ind AS)

(a) Relevant terms, types of merger, methods of accounting, treatment of Goodwill arising on merger, Purchase consideration and settlement (b) Accounting in books of vendor/ transferor and transferee (c) Accounting for investment in subsidiary (d) Accounting for mergers/ Acquisitons (including chain holdings, cross holdings, multiple holdings.) (e) Corporate Financial Restructuring, Restruction schemes, De-merger, Reverse merger. (f) Notes of accounts and related disclosures under amalgamation

 

Section – C: Consolidated Financial Statements (20 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Consolidated Financial Statements are as given below:

Topics as per CMA Syllabus

3. Group Financial Statements

Section – D: Developments in Financial Reporting and Other Item of Reporting (25 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Developments in Financial Reporting and Other Item of Reporting are as given below:

Topics as per CMA Syllabus

4. Recent Trends in Financial Reporting

5. Valuation, Accounting & Reporting of Financial Instruments and others

6. Share based payments transactions (Ind AS)

7. Reporting through XBRL (Extended Business Reporting Language)

Section – E: Government Accounting in India (15 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Government Accounting in India are as given below:

Topics as per CMA Syllabus

8. Government Accounting

 

Paper – 18: Indirect Tax Laws and Practice

The topics covered under the syllabus of Indirect Tax Laws and Practice as per the CMA final syllabus 2021 are as given below:

Section – A: Advanced Indirect Tax and Practice (80 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Advanced Indirect Tax and Practice are as given below:

Topics as per CMA Syllabus

1. Goods & Services Tax Act & Rules (50 marks)

2. Customs Law (20 marks)

3. Foreign Trade Policy (10 marks)

Section – B: Tax Practice and Procedures (20 Marks)

As per the syllabus of CMA final 2021, the syllabus of Tax Practice and Procedures covers all the Case Study Analysis under the provided laws.

 

Paper 19: Cost and Management Audit (CMAD)

The topics covered under the syllabus of Cost and Management Audit (CMAD) as per the CMA final syllabus 2021 are as given below:

Section – A: Cost Audit (35 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Cost Audit are as given below:

Topics as per CMA Syllabus

1. Nature, Scope, Utility & advantages of Cost Audit

2. Companies (Cost Records and Audit) Rules, 2014

3. Professional Ethics, Misconduct, Offenses & Penalities

4. Cost Accounting Standards

5. Cost Auditing & Assurance Standards

6. Format of Cost Audit Report- XBRL- Salient features

 

Section – B: Management Audit (15 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Management Audit are as given below:

Topics as per CMA Syllabus

7. Management Reporting issues under Cost Audit

8. Management Audit- Meaning, Nature, Scope, etc.

9. Energy Audit, Efficiency Audit, Propriety Audit & System Audit

10. Evaluation of Corporate image- Corporate development Audit

11. Impact of Environmental Pollution

 

Section – C: Internal Audit, Operational Audit and other related issues (25 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Internal Audit, Operational Audit and other related issues are as given below:

Topics as per CMA Syllabus

12. Concept of Internal Audit

13. Provisions of Internal Audit Under Companies Act, 2013

14. Audit Planning, Audit Programme, Audit working papers

15. Receivables Audit, Audit of Services & Local Bodies

Section – D: Case Study on Performance Analysis (25 Marks)

 

Paper 20: Strategic Performance Management and Business Valuation (SPBV)

The topics covered under the syllabus of Strategic Performance Management and Business Valuation (SPBV) as per the ICMAI final syllabus 2021 are as given below:

Section – A: Strategic Performance Management (50 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Strategic Performance Management are as given below:

Topics as per CMA Syllabus

1. Conceptual Framework of Performance Management

2. Performance Evaluation & Improvement tools

3. Economic Efficiency of the firm- Performance Analysis

4. Enterprise Risk Management

Section – B: Business Valuation (50 Marks)

As per the syllabus of CMA final 2021, the topics covered in the syllabus of Business Valuation are as given below:

Topics as per CMA Syllabus

5. Business Valuation Basics

6. Valuation in Mergers & Acquisitions

7. Fair Value in Accounting Management

8. Valuation of Intangibles

 

Ultimate CMA Exam Preparation Tips to Crack the Exam

There are various ways you can plan for a test dependent on your premium, learning style, substance commonality, and how well you can rehearse for the test. The following are some CMA Exam Preparation tips by specialists.

i. Make A Proper Plan: Make an examination plan initially. Apportion time for every subject and ensure you complete the bits on schedule.

ii. Appropriate Concentration: Avoid taking breaks basically while considering. Attempt to finish a point at one stretch with no breaks.

iii. Feature Key Concepts: When perusing, feature key thoughts, particularly new ones. Rehash later to guarantee appreciation.

iv. Purchase Enough Books: Make sure you have the best CMA Books PDF for readiness. Purchase the most recent and refreshed CMA Books on the web.

v. Clear the Concepts from Text Books: Pay specific thoughtfulness regarding the terms and conditions featured in your course reading, and make certain to become familiar with the abbreviations in the CMA group of information. You can purchase a wide scope of CMA Foundation Books accessible on the web.

vi. Feature Important Points: Use the cheat sheet for recording significant focuses, watchwords, and other essential stuff.

vii. Reexamine Properly: Try to amend points again after you have finished one round of considering. During your amendment period take out the inquiries you can without much of a stretch answer from your stack so you can focus on the additionally testing subjects and terms.

viii. Step through CMA Mock Examinations: Take up CMA Mock tests to guarantee you have arranged well. This aids in breaking down your planning levels and improve your speed.

ix. Legitimate Utilization of Time: Make sure you complete concentrating all the points in a specified time. Attempt to finish every bit once prior to beginning your update.

x. Settle CMA Previous year Question Papers: Solve a greater amount of CMA Previous year Question Papers which can assist you with getting investigated to various sorts of inquiries. This way you can improve your speed and precision. You will likewise figure out how to deal with your time.

xi. Learn Essay Answers: Learn to compose a compelling exposition answer utilizing Essay Exam Support Materials in the Books of CMA.

xii. Utilize Important Points in Essay Answers: Learn how focuses are granted for exposition answers, guaranteeing that you get the most focuses feasible for each answer, in any event when you are tested by an inquiry.

xiii. Plan Correctly for The Exam: Ensure you are both all-around rested and genuinely ready for the test day as every test is four hours long without any breaks.

xiv. Practice to Answer More MCQs and Essay questions: Learning how to answer a different decision and article test and being intellectually and genuinely arranged can improve your evaluation fundamentally.

xv. Give Right Concentration: Know the substance and be set up to manage difficulties with an engaged, certain, and adaptable mentality.

 

Takshila learning provides the entire syllabus of CMA through Video Lectures that can be browsed any number of times. Takshila Learning’s CMA Final Online Classes and CMA Final Pen drive Classes were conducted by professional and trained faculty covering the updated syllabus approved by ICMAI for the June/Dec Session. Our sequential CMA Final Video Lectures browsed along with CMA Final Study Material CMA Final Mock Tests, and Quizzes will give you a detailed understanding of the subject and prepare you for the examinations without any hassles, and gets you through the same effectively.

 

Takshila learning and CMA preparation go together for a successful and accomplished future.         

 

 

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