Is the syllabus for BCom (Hons) and CMA identical?
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2 Answers
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CMA syllabus is much more elaborate in nature when it is compared to BCom or MCom. The syllabus of BCom (Hons) and CMA is similar depending on the major chosen by the candidate in the degree course of graduation.
The CMA syllabus includes:
Fundamentals of business laws and business communication
Fundamentals of financial and cost accounting
Fundamentals of business mathematics and statistics
Fundamentals of business economics and management
The BCom (Hons) syllabus includes:
Banking and financial systems
Cost accounting
Marketing management
Income tax
Contemporary Indian economics
Mercantile law
Indirect taxes
Advance Accounting -
CMA syllabus is far more in-depth when it is compared to BCom or MCom. Similarity in the syllabus of B.Com Honours and CMA depends on the major chosen by the candidate in the graduate degree course. CMA does not deal with selective/non-core subjects, including Economics, Marketing, Capital Markets, Statistics, etc. In contrast, CMA course has major accounting subjects, such as Financial Management, Taxation, Law among others. BCom syllabus can only be compared with the CMA Intermediate or CMA Foundation syllabus. On comparing CMA Final syllabus with any other Commerce course, the CMA syllabus is far more thorough.
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Absolutely! Many subjects like Financial Accounting, Corporate Law, Taxation, and Auditing directly overlap with professional courses. Students often say that their B.Com (Hons) syllabus gives them a head start in cracking CA/CS/CMA exams, saving them study time later.
To become a CMA in the USA, you need to:
- Become a member of the Institute of Management Accountants (IMA).
- Meet the required education and work experience criteria.
- Successfully pass both parts of the computer-based CMA exam.
- Complete required continuing education units to keep your certification active.
We have listed below the CMA US eligibility criteria for international students:
- Register yourself with the IMA.
- You must have a Bachelor's degree from an accredited college or university. If you are pursuing your graduation, you are still eligible for the US CMA. Degree verification must be done within 7 years of finishing the CMA examination.
- In order to earn a CMA certification, you must have 2 years of continuous work experience. This work experience must be in Management Accounting and/or Financial Management field.
The average CMA in USA salary is USD 126,000, but may vary on factors like experience, industry, company size, and location. The details are given below:
- Mean Salary: USD 86,924 (INR 72.2 L)
- Median Salary: USD 67,500 (INR 56.5 L)
Conversion Rate: 1 USD = INR 83.70
The CMA programme in USA, offers flexibility for aspiring management accountants to complete the course. While CMA in USA typically takes 12 to 18 months to complete both exam parts, however, dedicated students can finish in 6 to 9 months also. Candidates also have a three-year window to complete the CMA course in USA starting from the date of registration to earn their CMA certification.
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