CMA Intermediate Course Full Details

Get full details CMA Intermediate Course. In previous article we have provided information about CMA Foundation Course DetailsToday we are going to provide information about CMA Inter full details at one place. CMA is the one of the toughest and prestigious course to complete. One must have to work very hard to complete the CMA Course. From this article you can get information about CMA Inter Registration, Eligibility Criteria, Fee Details, How to Register details, Syllabus, Subjects covered & all other important details at one place. CMA Inter exam will be conducted twice a year in the months of June & December by ICAI Board.CMA Inter

About CMA Intermediate Course

Students who are willing to join CMA Inter, must have a clear idea about all the elements covered under CMA Course. We are providing all those details in this article.

Eligibility for CMA Inter Registration

Eligibility for Admission:

Students satisfying any of the condition given below can Register of CMA Intermediate.

  1. Passed Senior Secondary School Examination (10+2)and Foundation Course of the Institute of Cost Accountants of India/
  2. Graduation in any discipline other than Fine Arts/
  3. Foundation (Entry Level) Part I Examination of CAT of the Institute
  4. Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute
  5. Passed Foundation of ICSI/along with 10+2.
  6. Intermediate of ICAI by what ever name called along with 10+2.

Note:-

Registration for the ICAI 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 should apply before 31st July of that year.

CMA Inter Registration Fee Details

Cost of Prospectus Rs.250

CourseAmountRemarks
Intermediate Course (Without Installment)Rs.20,000/-Payable on or before 31st January for June term and 31st July for December term of examinations
Intermediate (With Installment)
  1. Rs.12,000/- (1st installment)
  2. Rs.8,000/- (2nd Installment)
  1. At the time of enrollment into Intermediate course
  2. Payable on or before 31st January for June term and 31st July for December term of examinations

Note –1. To be eligible for appearing in Intermediate examinations, the 2nd Installment amounting to ` 8000/- must be payable on or before 31st January for June term and 31st July for December term of examinations.2. If the student fails to pay 2nd installment within the prescribed time limit as mentioned in point no. 1, the installment facility will be still available till next 3 Consecutive terms. The 2nd installment is to be paid within the cut-off dates (on or before 31st January for June term and 31st July for December term of examinations).3. No student can appear for Intermediate examination without paying 2nd installment.4. Failure to pay the 2nd installment within the prescribed time limits as mentioned in point no. 1 & 2, will lead to forfeiture of the amount already paid as 1st Installment, except Registration Fees which will be valid for 7 years from the date of Registration.5. After paying 1st installment student will get study materials of both groups and can opt for oral/postal coaching of either Group (Group I/II) as per the choice of the student.6. After paying 2nd Installment student will be eligible to opt for oral/postal coaching of other group and computer and other training as applicable.

Documents Required For Registration

Enrollment Type for Intermediate CourseMinimum documents must be uploaded
1) Provisional (Yet to complete Graduation/equivalent)a) Passport Photob) Specimen Signaturec) Age Proofd) 10th Pass Marksheete) 12th Pass Marksheetf) Graduation (1st & 2nd year / 1st to 5th semester) Marksheetg) Graduation (3rd year / 6th semester) Admit Card.
2) Regular (Graduation/equivalent passed)a) Passport Photob) Specimen Signaturec) Age Proofd) 10th Pass Marksheet.e) 12th Pass Marksheet.f) Graduation (1st to 3rd year / 1st to 6th semester) Marksheets/OR.Any one of the following qualified Marksheeti) CAT-CMAii) CMA Foundationiii) CS Foundationiv) IPCC-CA Inter
3)Regular – For Engineering Graduateshaving completed 2nd year/ IV semester / equivalentORGraduate Engineers(qualified Engineering Final Examination)a) Passport Photob) Specimen Signaturec) Age Proofd) 10th Pass Marksheet.e) 12th Pass Marksheet.f) 2nd year or 4th semester Marksheet or equivalent Marksheet(for Engineering students) or Engineering Completion certificate.

Documents to be enclosed with application form:

  • Attested Copy of Matriculation Certificate
  • Attested copy of 10+2 Certificate or Marks Statement
  • Attested copy of the degree
  • 3(Three) Passport size photographs – (One pasted on application form, one pasted on identity card and one to be attached with application)

(Attestation should be by any member of The Institute of Cost Accountants of India /The Institute of Chartered Accountants of India/ The Institute of Company Secretaries of India/Parliament/State Legislative Assembly or a Gazetted Officer or a Principal of a college)

When to Apply for CMA Inter

Registration for the ICAI 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 should apply before 31st July of that year.

How to register for CMA Inter 2017?

Suggested: ICWAI CMA Inter Online Registration – June 2017 – DetailsCMA Inter Students who want to admitted or registered or enrolled to Inter or Intermediate course at least 4 months prior to the month of Examination shall be eligible to appear in the Inter Examination, subject to completion of specified trainings.Step I –  Please Visit to following website – https://cmaicmai.in/students/Home.aspxStep II –  Now click on “Click Here” ButtonStep III – Now you can see Text : Register as a student, Now click on Intermediate CourseStep IV –  Please Select Your Coaching Type and Click on “OK” Button, Now You can see following Screen.cma-inter-registration-formStep V – Fill all columns and submit for Registration

How to pay CMA Inter Registration Fee

The registration fee may be paid in the form of a D.D. or a challan as per the details provided in the application/prospectus and be submitted along with the application for registration.

Download Payfee Challan

You can download CMA Inter Registration Payfee Challan from the official website if CMA (icmai.in). We are directly providing this Challan download link, just click on the below link to download Payfee ChallanClick here: Download Payfee Challan

Check Online Admission Status

Click here to Check : Online Admission Status

Where to submit/dispatch filled-in application form?

All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances to their respective Regional Councils / Chapters only.Regional Councils and area covered by the region are given below:

Address of Regional CouncilsArea Covered
Western India Regional Council “Rohit Chambers”,4th Floor Janmabhoomi Marg,Fort Mumbai – 400 001 Ph : 022-22872010/ 22841138/ 22043406/ 22043416 Fax : 91- 022- 22870763 Email: [email protected] Web site : www.icwai-wirc.orgThe State of Chhattisgarh, Gujarat, Madhya Pardesh, Maharashtra, Goa and the Union Territories: Daman Diu., Dadra, and Nagar Heveli.
Southern India Regional Council 4, Montieth Lane, Egmore,Chennai – 600 008 Ph:044-28554443/28554326/28528219 Fax : 91- 044- 28554651 Website: www.sircoficwai.com Email: [email protected]The State of Andhra Pradesh, Karnatka, Kerala, Tamilnadu, Pondicherry and the Unition Terrritory: the Lakshadweep
Eastern India Regional Council 84, Harish Mukherjee Road,Kolkatta – 700 025 Ph : 033 -24553418 /24555957 Fax : 91 033-2455-7920 Email: [email protected]The States of Assam, Arunachal Pradesh, Bihar, Jharkhand, Manipur, Maghalaya, Mizoram, Nagaland, Orissa, Tripura, West Bengal, Sikkim, the Union Territories: The Andaman and Nicobar Islands and Foreign Countries.
Northern India Regional Council 3, Institutional Area, Lodi Road,New Delhi – 110 003 Ph : 011 – 24626678 / 24615788 Fax : 24622156 Email: [email protected]The States of Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Rajastan, Uttar Pradesh, Uttraanchal and the Union Territory: Chandigarh.

List of Subjects in CMA Intermediate

Also Read: Subjects in New CMA Syllabus 2017 Foundation Inter & FinalSyllabus 2017 – Intermediate Course: Group – 1Paper – 5 Financial AccountingPaper – 6 Laws & EthicsPaper – 7 Direct TaxationPaper – 8 Cost AccountingSyllabus 2017 – Intermediate Course: Group – 2Paper – 9 Operations Management & Strategic ManagementPaper – 10 Cost & Management Accounting and Financial ManagementPaper – 11 Indirect TaxationPaper – 12 Company Accounts & Audit

CMA Inter Syllabus – Contents and Weightage

Group-I

PAPER-5: FINANCIAL ACCOUNTING

There are five sections in paper-5 of CMA Intermediate Course viz. A) Accounting – Basics, B) Preparation of Financial Statements, C) Self Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts, and D) Accounting in Computerised Environment and Accounting Standards.Section A (Accounting – Basics) [25 Marks]:Section A of Paper-5 of CMA Intermediate Course carries 25% weightage. In this section there are two topics which has been discussed below.1. Fundamentals of AccountingAccounting – Meaning, Scope and Significance of Accounting – Accounting Principles, Concepts and Conventions – Capital and Revenue Transactions – Depreciation – Rectification of Errors.2. Accounting for Special TransactionsBills of Exchange – Consignment – Joint Venture – Insurance Claims (Loss of Stock and Loss of Profit)Section B (Preparation of Financial Statements) [40 Marks]:Section A of Paper-5 of CMA Intermediate Course carries 40% weight age. This section contains mainly two topics which has been sited below.3. Preparation of Final Accounts of Profit Oriented organisations, Non-Profit Organisations and from Incomplete Records(i) Preparation of Financial statements of Profit Oriented organisations: P&L Account, Balance Sheet.(ii) Preparation of Financial Statements of Non-Profit making organisations: Preparation of Receipts & Payments Account, Income& Expenditure account and Balance Sheet.(iii) Preparation of Financial Statements from incomplete records (Single entry)4. Partnership AccountsAdmission, Retirement, Death, Treatment of Joint Life Policy, Dissolution of partnership firms including piece meal distribution, Amalgamation of partnership firms, Conversion of partnership firm into a company and sale of partnership firm to a companySection C (Self Balancing Ledgers, Royalties, Hire Purchase & Instalment System, Branch & Departmental Accounts) [20 Marks]:In this section there are three topics, the contents of which has been described in detail here under.5. Self-Balancing Ledgers6. Royalty Accounts, Hire Purchase and Instalment System.7. Branch and Departmental Accounts.Section D (Accounting in Computerised Environment and Accounting Standards) [15 Marks]:Section D of Paper-5 of CMA Intermediate Course contain two topics which has been explained hereunder.8. Computerised Accounting System – Features, Significance, Grouping of Accounts, Ledger hierarchy, Accounting Packages and their selection criteria9. Accounting Standards (AS-1, AS-2, AS-6, AS-7, AS-9, AS-10)

PAPER – 6: LAWS AND ETHICS

There are four sections in Paper-6 of CMA Intermediate Course viz. A) Commercial Laws, B) Industrial Laws, C) Corporate Law, and D) Ethics.Section A (COMMERCIAL LAWS) [30 Marks]:Section A of Paper-6 of CMA Intermediate Course contains topics of the following five laws.1. Indian Contracts Act, 1872(a) Essential elements of a contract, offer and acceptance(b) Void and voidable agreements(c) Consideration(d) Legality of object(e) e-contracts(f) Constraints to enforce contractual obligations(g) Quasi-contracts, contingent contracts, termination or discharge of contracts(h) Special contracts: Indemnity and Guarantee; Bailment and Pledge; Laws of Agency2. Sale of Goods Act, 1930(a) Definition(b) Transfer of ownership(c) Conditions and Warranties(d) Performance of the Contract of Sale(e) Rights of Unpaid Vendor(f) Auction Sales3. Negotiable Instruments Act, 1881(a) Definition and features of NI(b) Crossing, Endorsement and Material Alteration(c) Acceptance, Assignment and Negotiation(d) Rights and liabilities of Parties(e) Dishonor of a Negotiable Instrument.4. Indian Partnership Act, 1932(a) Nature of Partnership(b) Rights and liabilities of Partners(c) Formation, Reconstitution and Dissolution of Firms5. Limited Liability Partnership Act, 2008a) Concept, formation, membership, functioningb) DissolutionSECTION B (INDUSTRIAL LAWS) [25 Marks]:The Objects, Scope and Applicability of the following acts are covered under Section B of Paper-6 of CMA Intermediate Course.6. Factories Act, 19487. Payment of Gratuity Act, 19728. Employees Provident Fund Act, 19529. Employees State Insurance Act, 194810. Payment of Bonus Act, 196511. Minimum Wages Act, 194812. Payment of Wages Act, 1936SECTION C (CORPORATE LAWS) [35 Marks]:This Section covers topics related to the Companies Act, 2013 which carries 35% weight age.13. Companies Act 2013a) Company types, promotion, formation and related procedures i.e. Section 1 to Section 122 of Companies Act, 2013b) Director-Role, Responsibilities, Qualification, disqualification, appointment, retirement, resignation, removal, remuneration and powers, Director Identification NumberSECTION D (ETHICS) [10 Marks]:Section D of the CMA Intermediate Course contain only one topic that is related to business ethic and the contents has been explained in detail as follows.14. Business Ethics:a) Ethics-meaning, importance, nature and relevance to businessb) Values and attitudes of professional accountantsc) Seven principles of public life-selflessness, integrity, objectivity, accountability, openness, honesty and leadershipd) Ethics in Business

PAPER – 7: DIRECT TAXATION

There are three sections in Paper-7 of CMA Intermediate Course viz. A) Income Tax Act Basics, B) Heads of Income and Computation of Total Income and Tax Liability, and C) Administrative Procedures and ICDS.Section A (INCOME TAX ACT BASICS) [10 Marks]:In this section there are two topics which has been sited below.1. Introduction to Income Tax Act, 1961a) Basic Concepts and definitionsb) Background, concepts, definitionsc) Capital and revenue – receipts, expendituresd) Basis of charge and scope of total incomee) Residential Status and Incidence of Tax2. Incomes which do not form part of Total Income [Sec.10, and 11 to 13A]SECTION B (HEADS OF INCOME AND COMPUTATION OF TOTAL INCOME AND TAX LIABILITY) [70 Marks]:Section B of Paper-7 of CMA Intermediate Course is very important as it carries 70% weightage. In this section there are five topics related to Income-Tax Act, 1961. The detail contents have been discussed below.3. Heads of Income and Computation of Total Income under various heads(a) Income from salaries(b) Income from House property(c) Profits and gains from Business or Profession(d) Capital gains(e) Income from other sources4. Clubbing Provisions, Set-off and Carry forward of Losses, Deductions(a) Income of other persons included in Asses see’s Total Income(b) Aggregation of Income and Set off or Carry Forward of Losses(c) Deductions in computing Total Income(d) Rebates & Reliefs(e) Applicable Rates of Tax and Tax Liability5. Assessment of Income of different persons(a) Taxation of Individuals including Non-residents(b) Hindu Undivided Family(c) Firms, LLP, Association of Persons(d) Co-operative Societies(e) Trusts, Charitable and Religious Institutions6. Corporate Taxation(a) Classification, tax incidence, computation of taxable income and assessment of tax liability(b) Dividend Distribution Tax (DDT)(c) Minimum Alternate Tax (MAT)(d) Other special provisions relating to companies7. TDS, TCS and Advance Tax(a) Tax Deduction at Source(b) Tax Collection at Source(c) Advance TaxSECTION C (ADMINISTRATIVE PROCEDURE AND ICDS) [20 Marks]:In this section there are two topics, the contents of which are explained hereunder.8. Administrative proceduresa) Return Filing and Refund proceduresb) Demand, Recovery, Assessment, appeal, revision, and settlement.c) Special Procedure for Assessment of search casesd) E-commerce Transaction and liability in special casese) Penalties, fines and prosecution9. Income computation and disclosure standards – Basic Concepts only

PAPER – 8: COST ACCOUNTING

There are six topics in the Paper-8 of CMA Intermediate Course viz. 1) Introduction to cost accounting, 2) Cost ascertainment – elements of cost, 3) Cost accounting standards, 4) Cost book keeping, 5) Methods of costing, and 6) Cost accounting techniques. The first 4 topics have 40% weightage whereas the remaining two topic carries 30% weightage each.1. INTRODUCTION TO COST ACCOUNTING [10 Marks]a. Definition, Scope, objectives and significance of cost accounting, its relationship with financial accounting and management accountingb. Cost Objects, Cost centers and cost unitsc. Elements of costd. Classification of costs2. COST ASCERTAINMENT – ELEMENTS OF COST [10 Marks]a) Material Costs:i) Procurement of Materials,ii) Inventory Management and Control,iii) Inventory Accounting & Valuationiv) Physical Verification, treatment of lossesv) Scrap, spoilage, defectives and wastage.b) Employee Costs:i) Time keeping, Time booking and payroll,ii) Labour Turnover, Overtime and idle timeiii) Principles and methods of remuneration and incentive schemesiv) Employee cost reporting and measurement of efficiency.c) Direct Expensesd) Overheads:i) Collection, classification and apportionment and allocation of overheadsii) Absorption and treatment of over or under absorption of overheadsiii) Reporting of overhead costs3. COST ACCOUNTING STANDARDS [10 Marks]Only basic understanding of CAS-1 to CAS 23 is covered in this topic.4. COST BOOK KEEPING [10 Marks]a) Cost Accounting Records, Ledgers and Cost Statementsb) Items excluded from cost and normal and abnormal items/costc) Integral accountsd) Reconciliation of cost accounting records with financial accountse) Infrastructure, Educational, Healthcare and Port services5. METHODS OF COSTING [30 Marks]a) Job Costingb) Batch Costingc) Contract Costingd) Process Costing – Normal and abnormal losses, equivalent production, Joint and By Products.e) Operating Costing or Service Costing – Transport, Hotel and Hospital6. COST ACCOUNTING TECHNIQUES [30 Marks]Basic Understanding of the following topics are required for CMA Intermediate Course students.(A) Marginal Costingi) Meaning of Marginal Cost and Marginal Costingii) Absorption Costing vs. Marginal Costingiii) Break-even analysisiv) Margin of safetyv) Application of Marginal Costing for decision making (simple problems only)(B) Standard Costing & Variance Analysisi) Concept of standard cost and standard costingii) Advantages and limitationsiii) Computation of variances relating to material and labour costs only(C) Budget and Budgetary Control (simple problems only)i) Concepts, Types of Budgetsii) Budgetary Control Vs Standard Costingiii) Advantages and limitationsiv) Preparation of Budgets (simple problems only)

Group-II

PAPER – 9: OPERATIONS MANAGEMENT & STRATEGIC MANAGEMENT

There are two sections in the Paper-9 of CMA Intermediate Course viz. A) Operations Management and B) Strategic Management.Section – A (Operations Management) [70 Marks]:In this section there are 7 topics. The first two topics covers 15% weightage, the next three topics covers 35% weightage and the remaining two topics covers the balance i.e. 20% weightage.1. Operation Management IntroductionScope characteristics of modern operations functions – recent trends in production / operations management.2. Operations PlanningDemand forecasting – capacity planning – capacity requirement planning – facility location – facility layout – Resource aggregate planning – Material requirements planning – Manufacturing resource planning – Economic Batch quantity.3. Designing of operational systems and controlProduct Design, Process design – Selection – Product Life Cycle – Process Planning – Process Selection.4. Production planning and ControlIntroduction – Control Measures – Time study, Work study, Method study, Job Evaluation, Job Allocation (Assignment Technique), Scheduling Queuing Models, Simulation and Line Balancing – Optimum Allocation of resources – Lean Operations – JIT – Transportation Model and Linear Programming Technique (Formulation of equations only).5. Productivity Management and Quality ManagementMeasurement techniques of productivity index, productivity of employee, productivity of materials, productivity of management resources, productivity of other factors – productivity improving methods – TQM basic tools and certification – ISO standards basics.6. Project ManagementProject planning – project life cycle – Gantt charts, PERT and CPM.7. Economics of Maintenance and Spares ManagementBreak down Maintenance – Preventive Maintenance – Routine Maintenance – Replacement of Machine – Spare Parts Management.Section – B (Strategic Management) [30 Marks]:There are three topics in this section which covers 30% weightage of Paper-9 of CMA Intermediate Course.8. Strategic Management IntroductionVision- Mission and objective9. Strategic Analysis and Strategic PlanningSituational Analysis –SWOT Analysis – Portfolio Analysis – BCG Matrices – Stages in Strategic Planning – Alternatives in Strategic Planning10. Formulation and Implementation of StrategyStrategy formulation function wise (Production Strategy, Marketing Strategy, Man Power Strategy) – Structuring of Organisation for implementation of strategy – Strategic Business Unit – Business Process re-engineering.

PAPER 10: COST & MANAGEMENT ACCOUNTING AND FINANCIAL MANAGEMENT

There are two sections in Paper-10 of CMA Intermediate Course viz. A) Cost & Management Accounting, and B) Financial Management. Each section carries 50% weight age. The detail contents have been mentioned here under.Section A (Cost & Management Accounting) [50 Marks]:In section A there are five topics and the contents of which have been described as follows.1. Cost and Management AccountingIntroduction to Management Accounting – Relationship between Management Accounting and Cost Accounting2. Decision Making Toolsa) Marginal Costing: Break Even Analysis and cost-volume-profit analysis; break-even charts and profit charts; differential cost analysis; stock valuation under marginal costing vs. absorption costing; applications of marginal costing in decision making.b) Transfer Pricing – Determination of Inter-departmental or Inter-company Transfer Price.3. Budgeting and Budgetary Controla) Budgetary Control and Preparation of Functional and Master Budgetingb) Fixed, Variable, Semi-Variable Budgetsc) Zero Based Budgeting (ZBB)4. Standard Costing & Variance AnalysisComputation of variances for each of the elements of costs, Sales Variances, Investigation of variances – Valuation of Stock under Standard Costing – Uniform Costing and Inter-firm comparison.5. Learning CurveConcept of Learning curve and its applicationSection B (Financial Management) [50 Marks]:In section B of Paper-10 of CMA Intermediate Course, there are five topics and the detail contents have been described hereunder. This section carries 50% weightage.7. Introduction to Financial ManagementMeaning – Objectives – Scope of Financial Management sources of Finance – Introduction to Financial Markets.8. Tools for Financial Analysis and PlanningFinancial Ratio Analysis – Funds Flow Analysis – Cash Flow Analysis.9. Working capital ManagementWorking Capital Management – Financing of Working Capital10. Cost of Capital, Capital Structure Theories, Dividend Decisions and Leverage AnalysisMeaning of Cost of Capital – Computation of Cost of Capital – Capital Structure Theories and Dividend Decisions Theories (Walters – MM – Gordon Models) – Leverage Analysis.11. Capital Budgeting – Investment DecisionsConcept of Capital Budgeting – Non-Discounted and Discounted Cash Flow Method – Ranking of Projects.

PAPER 11: INDIRECT TAXATION

In Paer-11 of CMA Intermediate Course, there are five topics. The first two topics carries 35% weightage and the remaining three topics carries 15%, 30% and 20% weightage respectively.1. Canons of Taxation – Indirect TaxFeatures of Indirect Tax and Constitutional Validity2. Central Excisea) Central Excise Law – Goods – Manufacturer – Valuation Rules – Related Party – Captive Consumption – Registration – Payment of Duty – Monthly Returns – Job Work.b) CENVAT – input Services capital goods and procedures under CENVAT Credit Rulesc) Export proceduresd) SSI provisions3. Customs Lawsa) Concepts of Customs Law – Types of Duties, Anti-dumping dutiesb) Valuation rules – Import Procedures – Export Procedures – Baggage – Stores – Warehousing – Demurrage4. Service Taxa) Introduction, Nature of Service Tax, Service Provider and Service Receiverb) Registration Procedure, Records to be maintainedc) Negative List of Services, Exemptions and Abatementsd) Valuation of Taxable Services (applicable services will be notified for each term of exam)e) Payment of Service Tax, Returns of Service Taxf) Point of Taxation Rules, 2012g) Place of Provision of Service Rules, 2012h) Other aspects of Service Tax5. Central Sales Tax and VATa) Central Sales Taxi) Introduction, Definitions, Salient Features of CST Actii) Stock Transfer, Branch transfer, Inter State Saleiii) Various forms for filing of returns under CSTiv) Procedures under Central Sales Tax (CST)b) Value Added Tax (VAT)i) Introduction, definitions, salient features of Sate VAT Actii) Treatment of stock & branch transfer under State VAT Actiii) Filing of return under State VAT Activ) Accounting & Auditing VAT

PAPER 12: COMPANY ACCOUNTS AND AUDIT

In Paper-12 of CMA Intermediate Course, there are two sections viz. A) Accounts of Joint Stock Companies, and B) Auditing.Section A (Accounts of Joint Stock Companies) [50 Marks]:This section covers five topics. The first three topics carries 25% weightage and the remaining two carries 25% weightage. The detail contents have been sited below.1. Accounting of Shares and Debenturesa) Issue of shares, rights issue, bonus issue, sweat equity shares, forfeiture of share, buy-back of sharesb) Issue and redemption of preference shares, debenturesc) Under writing of shares and debentures2. Presentation of Financial Statements (as per Schedule III)a) Statement of Profit and Lossb) Balance Sheet3. Cash Flow Statement (AS 3)4. Accounts of Banking, Electricity and Insurance Companiesa) Accounts of Banking Companyb) Accounts of an Electricity Companyc) Accounts of Insurance Company5. Accounting Standards (AS – 11, 12, 15, 16, 17, 18 and 19)Section B (Auditing) [50 Marks]:Section B of Paper-12 of CMA Intermediate Course covers two topics and the contents of which have been described hereunder.6. Auditing Conceptsa) Nature, Scope and Significance of Auditingb) Audit Engagement, Audit Program, Audit Working Papers, Audit Note Book, Audit Evidence and Audit Reportc) Internal Check, Internal Control, Internal Audit – Industry Specific.7. Provision relating to Audit under Companies Acta) Auditor’s qualifications, disqualifications, appointment, remuneration, removal, powers and duties.b) Cost Audit, Secretarial Auditc) Reporting Requirements under Companies Act, Report vs. Certificate, contents of the reports and qualifications in the report.d) Miscellaneous Auditi. Branch Audit, Joint Auditii. Audit of shares and debenturesiii. Audit of divisible profits and dividendsiv. Statutory Auditors Vs Internal Auditorsv. Auditing and Assurance Standards relating to audit of inventories and audit of fixed assetsvi. Auditing of different types of undertaking – Education, Hospitals, Cooperative Societies, Banks, Trusts, Municipalities,Share this Article “CMA Intermediate Course Details” to all students who are willing to do CMA Course. If you have any queries regarding CMA Intermediate Course Details, you can ask us via comment box.

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