8 papers, 2 groups — master Cost Accounting, Financial Management, Taxation & Audit with India's most experienced CMA-only faculty.
CMA Intermediate is the second level of the CMA programme conducted by ICMAI. It consists of 8 papers divided into 2 groups, covering core subjects like Cost Accounting, Financial Management, Direct & Indirect Taxation, Corporate Law, and Audit.
CMA Rankers has been coaching CMA Intermediate students in Laxmi Nagar, Delhi since 2000. Our faculty includes CA Deepak Kapoor, CS Arun Chauhan, CA Ranjeet Kunwar, CMA Ajay Kumar, and Prof. Amarendra Kumar — all dedicated exclusively to CMA coaching.
Two routes: (1) Students who have passed CMA Foundation, or (2) Graduates from any discipline (B.Com, BBA, B.Sc, BA — except Fine Arts) can register directly via the direct entry route, skipping Foundation entirely.
| Paper | Subject | Faculty at Rankers |
|---|---|---|
| Paper 5 | Business Laws & Ethics | CS Arun Chauhan |
| Paper 6 | Financial Accounting | CA Deepak Kapoor |
| Paper 7 | Direct & Indirect Taxation | CA Ranjeet Kunwar |
| Paper 8 | Cost Accounting | CMA Ajay Kumar |
| Paper | Subject | Faculty at Rankers |
|---|---|---|
| Paper 9 | Operations Management & Strategic Management | Prof. Amarendra Kumar |
| Paper 10 | Corporate Accounting & Auditing | CA Deepak Kapoor |
| Paper 11 | Financial Management & Business Data Analytics | CMA Ajay Kumar |
| Paper 12 | Management Accounting | CMA Ajay Kumar |
Each paper carries 100 marks. Minimum 40% per paper and 50% aggregate per group is required to pass. Students can attempt Group 1 and Group 2 separately or together. Exams are held in June and December.
Our Intermediate faculty are specialists in their subjects — not generalists teaching across CA, CS, and CMA. CMA Ajay Kumar teaches 3 Intermediate papers (Costing, FM, Management Accounting), bringing deep expertise that multi-course institutes simply cannot match. We provide ICMAI-pattern mock tests, chapter-wise tests, and intensive revision batches before every exam.
Q: Who is eligible for CMA Intermediate?
Students who have passed CMA Foundation, OR graduates from any discipline (except Fine Arts) who can register directly for CMA Intermediate via the direct entry route.
Q: How many papers are in CMA Intermediate?
CMA Intermediate has 8 papers divided into 2 groups of 4 papers each. You can attempt one group at a time or both together.
Q: What subjects are covered in CMA Intermediate?
Group 1: Business Laws & Ethics, Financial Accounting, Direct & Indirect Taxation, Cost Accounting. Group 2: Operations & Strategic Management, Corporate Accounting & Auditing, Financial Management & Business Data Analytics, Management Accounting.