CMA Final · exam guide
CMA Final Rules and Regulations
Checked against ICMAI's official pages, as of 12 October 2026. Rules and fees change; confirm on the official site before you act.
Final students must complete coaching, skills training, the IOTP and 15 months of practical training before appearing in both or the remaining group of the Final exam.
- Conditions to sit the exam: Intermediate passed in the penultimate term, a valid registration number, completion of the prescribed Final training, not being debarred, and an exam form submitted on time with the fee.
- Skills training of 80 hours is required at Final level (ERP software and business or data analytics).
- The 10-day Industry Oriented Training Programme (IOTP) is compulsory and must be completed before filling in the exam form for both or the remaining group.
- Practical training of 15 months (CMA New Practical Training Scheme 2020) must be completed before appearing in both or the remaining group of Final. Form T-5 must certify at least 10 months of training by 31 August for the December exam or by 28/29 February for the June exam.
- CA or CS articleship is not set off against CMA practical training. Students with qualifying work experience can claim exemption (Form T-3, fee Rs 4,500); applications found eligible by 31 May count for June and by 30 November for December.
- Coaching clearance must be revalidated if it lapses; the last dates are 15 March for the June term and 15 September for the December term.
- The registration taken at Intermediate is valid for 7 years for completing both Intermediate and Final.
Official sources
CMA Final: questions students ask
Can I sit CMA Final in June if I passed Intermediate in December?
No. ICMAI requires Intermediate to be passed in the penultimate term, so a December Intermediate pass cannot sit the very next June Final exam.
When do I choose my CMA Final elective?
At the time of enrolment for the Final Course, from Papers 20A, 20B and 20C.
Is practical training compulsory before CMA Final?
Yes. Fifteen months of practical training must be completed before appearing in both or the remaining group of Final, with at least 10 months certified on Form T-5 by the cut-off date (31 August for December, 28/29 February for June).
Does CA articleship count as CMA practical training?
No. ICMAI states that CA or CS articleship is not set off against CMA practical training.
What happens after passing CMA Final?
To become an Associate Member (ACMA) of ICMAI you also need at least three years of qualifying practical experience, which can be gained before or after the Final exam.
What is the CMA Final exam fee?
For the December 2026 term: Rs 1,800 for one group or Rs 3,200 for both groups at inland centres, and USD 100 or USD 150 at overseas centres.