ACCA-CMA Exemption Mapping (as per MoU)

CMAs for pursuing ACCA, UK

ACMA/FCMA CMA passed finalists

Exempted from
Exempted from
7 Papers of Fundamental Level
All 9 Papers of Fundamental Level
( Papers F1, F2, F3, F4, F6, F7, F9)
( F1 to F9)

Appear and Qualify in

2 papers at the Fundamental Level ( F5 & F8)

Appear and Qualify in 5 (five) Papers at the Professional Level

( P1 to P3 - Essential/ Compulsory After completion of Fundamental Level, appear and Qualify in 5
P4 to P7 - any two papers - which are Optional ) (five) papers at the Professional Level
( P1 to P3 - Essential/ Compulsory
P4 to P7 - any two papers - which are Optional )

For further details please visit relevant websites: www.accaglobal.com/www.icmai.in

Operational modalities for CMAs to pursue ACCA [ Refer Annexure I - ACCA_online Application Guidelines_India]

Directorate of Studies, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1/3
 ACCA-CMA Exemption Mapping (as per MoU)

Exemptions for ACCAs for pursuing CMA Course

Exempted from All 4 (four) papers of Foundation Course

Intermediate Course
Exempted Papers - 5, 6, 8, 9, 10,12
Appear in Papers -7,11

Final Course
Exempted Papers - 14, 15, 17,20
Appear in Papers - 13, 16, 18, 19
For further details please visit relevant websites: www.accaglobal.com/www.icmai.in

NOTE : CMA Papers referred are based on CMA "Syllabus 2016". With every subsequent change in CMA Syllabus corresponding papers available for
exemption would be notified, in consultation with ACCA,UK.

ACCA Members shall be exempt from Computer, Communication and Soft Skill training besides the exemption from the Practical Training requirement.

Directorate of Studies, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 2/3
 ACCA-CMA Exemption Mapping (as per MoU)
ACCA - CMA Syllabus _ Papers (at a glance)

ACCA CMA (Syllabus 2016)

Fundamentals Foundation
F1 Accountant in Business P1 Fundamentals of Economics & Management
F2 Management Accounting P2 Fundamentals of Accounting
F3 Financial Accounting P3 Fundamentals of Laws and Ethics
F4 Corporate and Business Law P4 Fundamentals of Business Mathematics & Statistics
F5 Performance Management Intermediate
F6 Taxation P5 Financial Accounting
F7 Financial Reporting P6 Laws and Ethics
F8 Audit and Assurance P7 Direct Taxation
F9 Financial Management P8 Cost Accounting
Professional (Essentials) P9 Operations Management & Strategic Management
P1 Governance, Risk and Ethics P10 Cost & Management Accounting and Financial Management
P2 Corporate Reporting P11 Indirect Taxation
P3 Business Analysis P12 Company Accounts & Audit
Professional Options (any two papers) Final
P4 Advanced Financial Management P13 Corporate Laws & Compliance
P5 Advanced Performance Management P14 Strategic Financial Management
P6 Advanced Taxation P15 Strategic Cost Management- Decision Making
P7 Advanced Audit and Assurance P16 Direct Tax Laws and International Taxation
P17 Corporate Financial Reporting
P18 Indirect Tax Laws and Practices
P19 Cost and Management Audit
P20 Strategic Performance Management and Business Valuation

Directorate of Studies, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 3/3