CMA Institutes in Karnataka

G.C RAO academy started in 2012 by Mr. G.C.Rao, A Young and Dynamic mentor to students aspiring to bring changes in commerce education in Karnataka. In a span of 10 years, produced No of qualified & semi-qualified CMA’s along with 31 ALL INDIA RANK HOLDERS.We offer coaching for both Regular classes for students and Weekend classes for working professionals.

This is the primary qualification of the ICMAI following completion of up to three levels (Foundation, Intermediate, and Final) examinations and three years of practical training in areas like management accounting, cost accounting, financial accounting, taxation, cost audits, GST audits, internal audit, corporate laws, etc. and enables an individual to become a CMA (cost & management accountant).

  • The Institute has introduced new Syllabus 2022 Which Fulfils the requirements of new education policy 2020 and has increased level of skill development and improved Course learning objectives
  • The Old syllabus was introduced in August 2016 following the International Education Guidelines (IEG) of IFAC to get the advantages in the process of Mutual Recognition Agreement (MRA) among different member countries of the world under GATS
  • Subjects for examinations include management accounting, financial accounting, strategic management, taxation, corporate law, financial management, business valuation, financial reporting and cost & management audit etc.
  • Students who have passed the degree examination of any recognized university or equivalent are eligible for admission directly to the Intermediate level.
  • Paper-wise exemptions on the basis of reciprocal arrangement are available to students who have passed Institute of Company Secretaries of India Final Examinations.
  • Examinations are held twice a year in June and December in various examination centers in India and overseas centers. The results are declared in August and February for the June term and December term exams respectively.

Foundation

  • An aspirant can enroll for Foundation Level of Cost And Management Accountant (India) after completion of 10th class from recognized Board or Institution.
  • He can also enroll after passing out 1. from recognised board exam held at Senior Secondary level as per 10+2 scheme 2.from Central Government recognised examination for senior secondary level 3. All India Council for Technical Education examination in commerce for National diploma 4. All India Council recognised exam for senior secondary levels organised by State Board of Technical Education 5. Exam conducted by National Council of Rural Higher Education for Diploma in Rural Service.

Intermediate

  • An aspirant can enroll for Intermediate Level of Cost And Management Accountant (India) after passing of 12th class(10+2) from recognized Board or Institution and foundation level exam conducted by Institute of Cost Accountants of India .
  • Is a graduate from any recognised university or institution in any discipline other than fine arts.
  • Passed out examination on Part 1 conducted for Foundation (entry-level) by CAT of Institute of Cost Accountants of India.
  • Passed out examination on Part 1 along with Competency level Part 2 conducted for Foundation (entry-level) by CAT of Institute of Cost Accountants of India.
  • Cleared foundation level examination from Institute of Company Secretaries of India or The Institute of Cost & Works Accountants of India (ICWA) after passing out 10+2 level examination.

Final

  • Passed out Intermediate level examination conducted by Institute of Cost Accountants of India in addition to practical training

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