Credential type: professional designation earned by examination · verified on the issuer's site September 25, 2026 issuer page

1 Paper 5: Financial Accounting (Partnership, Corporate, Banking, Insurance Accounts) 25%

2 Paper 6: Laws and Ethics (Companies Act, FEMA, Competition Act, Business Ethics) 25%

3 Paper 7: Direct Taxation (Income Tax Act — computation of total income, deductions, TDS) 25%

4 Paper 8: Cost Accounting (Material, Labour, Overhead, Job/Batch/Process Costing) 25%

Online ProctoringNot available

ID RequirementsICMAI Registration Number + valid government-issued photo ID (Aadhaar, Passport, Voter ID, Driving Licence)

RenewalNot required -- CMA membership is for lifetime; Certificate of Practice holders must complete 30 CPD hours every 3 years

PrerequisitesCMA Foundation qualified (or graduate with direct entry scheme); registered with ICMAI (recommended)

Retake PolicyExams held in June and December; no limit on total attempts; exemption in passed papers valid for next 3 attempts

LanguagesEnglish

CMA Intermediate Group I Exam Blueprint