COST AND MANAGEMENT ACCOUNTANCY INTERMEDIATE
CMA Intermediate: connect accounting, tax and business decisions
Deepen your financial and cost accounting while connecting law, tax, operations, strategy and data. Build a group-wise preparation plan, work through the logic behind a calculation, and turn regular review into a clearer professional approach.
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CMA Intermediate at a glance
Official information (opens in a new tab)Institute
Institute of Cost Accountants of India (ICMAI)
Level
Intermediate
Current curriculum
Syllabus 2022
Groups
Group I and Group II
Paper areas
Eight papers: four per group
Next stage
Final, after meeting the progression requirements
Who this is for
Foundation-qualified learners and candidates entering through an ICMAI-approved direct route. Confirm admission eligibility, term cut-offs and any training or skills requirements with the institute before examination enrolment.
Explain the method. Interpret the result. Connect it to the decision.
Why the Intermediate stage is more than a calculation exercise
Use technical knowledge to understand a business situation and communicate what the numbers mean.
A group-wise progression
Organise eight paper areas across Groups I and II under Syllabus 2022.
Financial and cost perspectives
Compare information prepared for reporting with information used for decisions.
Law and tax application
Learn to identify the relevant rule before starting a computation.
Management and data
Connect operations, strategic choices and analytics with accounting insight.
Exam pattern overview
Understand the structure so you can plan your preparation.
Group I: business foundation
Business Laws and Ethics; Financial Accounting
Group I: measurement and tax
Direct and Indirect Taxation; Cost Accounting
Group II: operations and reporting
Operations/Strategic Management; Corporate Accounting/Auditing
Group II: decision support
Financial Management/Business Data Analytics; Management Accounting
Reference duration
3 hours per paper in the June 2026 timetable
Confirm the timetable for your own term
Syllabus 2022 reference. Group I contains Direct and Indirect Taxation—not a separate business mathematics/statistics paper. The term's timetable and examination instructions determine the assessment details; tax and legal amendments have their own applicability cut-offs. Check the institute's enrolment notice, syllabus, applicable amendments, exemptions and training requirements for your own examination term. Passing an examination is not the same as completing all qualification or membership requirements.
Official sources checked : ICMAI Syllabus 2022 Intermediate curriculum (opens in a new tab) · ICMAI official examination papers (opens in a new tab) · ICMAI official model papers (opens in a new tab) · ICMAI current Intermediate/Final examination notices (opens in a new tab)
Subjects and preparation areas
Follow the group you are preparing for, and keep a separate list of applicable law and tax amendments. The topic map is a learning guide, not a complete reproduction of ICMAI's paper-wise curriculum.
Group I
Business Laws and Ethics, Financial Accounting, Direct and Indirect Taxation, and Cost Accounting.
Business Laws and Ethics
Commercial, corporate and ethical frameworks.
Explore 2 topics
Financial Accounting
Preparation and interpretation of financial statements.
Explore 2 topics
Cost Accounting
Costing methods and techniques.
Explore 1 topic
- Study
Cost Ascertainment
Compute cost using standard methods.
Group II
Management, corporate accounting, auditing and financial management.
Operations Management and Strategic Management
Operations and strategy.
Explore 2 topics
Corporate Accounting and Auditing
Company accounts and audit basics.
Explore 2 topics
Financial Management and Business Data Analytics
Finance and data.
Explore 2 topics
Management Accounting
Decision-support accounting.
Explore 1 topic
- Study
Management Accounting
Use costing data to support decisions.
This map is a discovery guide, not a substitute for the official syllabus. Eligibility, subject choices and selection rules can differ by cycle or programme.
Try a sample lessonA simple preparation path
Build understanding first. Practise regularly, review your mistakes and keep improving.
- 1
Confirm your route and group plan
- 2
Build financial and cost concepts
- 3
Apply laws and term-specific tax rules
- 4
Practise integrated business problems
- 5
Review workings and revise each group
How EveryAgeLearn helps
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Topic map
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Sample lessons
Try an example of concept-led learning without an account.
Adaptive practice
Learn and practise with feedback after signup. Availability varies by exam.
Saved progress
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CMA Intermediate FAQ
Clear answers to common preparation questions.
Is there a mathematics/statistics paper in Group I?
No. Under Syllabus 2022, Group I has Business Laws and Ethics, Financial Accounting, Direct and Indirect Taxation, and Cost Accounting. Business mathematics/statistics is a Foundation area, not a separate Intermediate Group I paper.
What belongs in Group II?
Operations Management and Strategic Management; Corporate Accounting and Auditing; Financial Management and Business Data Analytics; and Management Accounting.
Can I use last year's tax material unchanged?
Do not assume so. Check ICMAI's term-specific amendments and applicability guidance. Mark the relevant assessment year, law and cut-off alongside your notes.
Do graduates always have automatic direct entry?
No blanket assumption is safe. ICMAI specifies which qualifications and conditions support direct admission or exemptions. Verify your own qualification using the institute's current admission rules.
How should I connect accounting with management questions?
After a calculation, write one sentence explaining its consequence for the business. Compare alternative assumptions, identify the decision being made and note which information would change your recommendation.
Build your CMA Intermediate preparation with purpose.
Choose your starting point and build understanding, one concept at a time.
- Learn clearly
- Practise thoughtfully
- Review and improve