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FAQs About ICWAI-CMA Syllabus 2016 For Foundation Inter Final

FAQs About ICWAI-CMA Syllabus 2016 For Foundation Inter Final

FAQs About ICWAI-CMA Syllabus 2016 – ICWAI has issued a notification regarding CMA New Syllabus 2016 Changes & Applicability and other information. Since the release of the notification of the Introduction of CMA Syllabus 2016, Students asking us so many queries regarding CMA Foundation Syllabus changes, CMA Inter Syllabus Changes, Applicability of New CMA Syllabus, about the New Study material of Syllabus 2016 and about the CMA Old Syllabus Students.

FAQs About ICWAI-CMA Syllabus 2016 For Foundation Inter Final

Examinations under both Syllabus shall be conducted simultaneously as per the dates mentioned below:

Examination to be held inExaminations to be held under
December 2016Syllabus 2012Syllabus 2016
June 2017Syllabus 2012Syllabus 2016
December 2017 and onwards (until further notice)Syllabus 2016

This issues with the approval of the competent authority.

Institute of Cost and Works Accountants of India made some changes in ICWAI Foundation, Inter and Final syllabus from 2016.

ICWAI Syllabus 2016 For CMA Foundation

Syllabus 2016 – Foundation Course
P1Fundamentals of Economics & Management
P2Fundamentals of Accounting
P3Fundamentals of Laws and Ethics
P4Fundamentals of Business Mathematics & Statistics
Foundation Course Examination: On-line MCQ Mode.

Foundation Examinations – Four (4) times in a year in every three (3) months.

Recommended Read : CMA Foundation Syllabus for dec 2017

ICAI Syllabus 2016 For CMA Inter

Syllabus 2016 – Intermediate Course: Group – 1

Paper – 5 Financial Accounting

Paper – 6 Laws & Ethics

Paper – 7 Direct Taxation

Paper – 8 Cost Accounting

Syllabus 2016 – Intermediate Course: Group – 2

Paper – 9 Operations Management & Strategic Management

Paper – 10 Cost & Management Accounting and Financial Management

Paper – 11 Indirect Taxation

Paper – 12 Company Accounts & Audit

Recommended Read : CMA Inter syllabus for Dec 2017 exam

ICWAI Syllabus 2016 For CMA Final

Syllabus 2016 – Final Course: Group – 3

Paper – 13 Corporate Laws & Compliance
Paper – 14 Strategic Financial Management
Paper – 15 Strategic Cost Management – Decision Making
Paper – 16 Direct Tax Laws and International Taxation

Syllabus 2016 – Final Course: Group – 4

Paper – 17 Corporate Financial Reporting
Paper – 18 Indirect Tax Laws & Practice
Paper – 19 Cost & Management Audit
Paper – 20 Strategic Performance Management and Business Valuation


(1) Detailed contents of the Syllabus to be uploaded by 18th July, 2015.

(2) Option for Switchover/changeover from Syllabus 2012 to Syllabus 2016 – detailed guidelines to be uploaded by 18th July,2015.

Recommended Read : CMA Final Syllabus for Dec 2017 exam

FAQs About ICWAI-CMA Syllabus 2016

Is CMA 2016 syllabus a good news?

Yes, ICMAI introducing a new syllabus for 2016 is a very good news

When is the new syllabus being introduced by ICMAI?

ICMAI is introducing the new syllabus from August 1, 2016 for the attempt in June 2017. This is applicable for the Foundation, Intermediate and Final levels

To whom is the new syllabus applicable

New syllabus is applicable for students registered for Foundation,Intermediate and Final on or after August 1, 2016. For students who have registered before August 1, 2016, old syllabus is applicable

What is the validity of the old syllabus for Intermediate and Final students?

The last term for Intermediate and Final students will be December 2017. Before extension it was Dec 2016.

When is the last attempt of 2012 syllabus?

The last attempt for 2012 syllabus is December 2017 and the first attempt for new syllabus would be on June 2017

What is new in the CMA 2016 syllabus?

The syllabus 2016 has considerably been reduced as compared to syllabus 2012. The reduction of the syllabus is as much as 40%. Whenever something new comes it is always better. The new syllabus shall be more oriented towards industry requirements

What are some of the significant changes in Study material due to changes in the syllabus?

The very fact that the syllabus is changed to the advantage of students gets reflected in the number of pages in the Study Material. For instance, please take a look the below information:

Number of Pages in Material

Foundation2016 Syllabus2012 Syllabus
Fundamentals of Economics and Management248 pages(27% reduction)336 pages
Fundamentals of Accounting289 pages(29% reduction)402 pages
Fundamentals of Laws and Ethics168 pages(35% reduction)256 pages
Fundamentals of Business and Statistics242 pages(44% reduction)426 pages
Financial Accounting534 pages(52% reduction)1104 pages
Laws and Ethics440 pages(30% reduction)624 pages
Cost Accounting400 pages(29% reduction)560 pages
Cost and Financial Management422 pages(15% reduction)496 pages

I have registered before 1-8-2016, I am in old syllabus 2012. What should be my strategy?

You should follow the following strategy

December 2017
CMA FoundationShift to Inter New SyllabusShift to Foundation New Syllabus
CMA InterShift to Final New SyllabusShift to Inter New Syllabus
Even if you pass a single group then shift to New Syllabus for second group
CMA FinalYou are CMA. But if you have cleared only one group then give another group in the new syllabus.Shift to Inter New syllabus

Must Read : FAQs About ICWAI-CMA Syllabus 2016

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