CA INTERMEDIATE CMA (COST AND MANAGEMENT ACCOUNTING) OLD VS NEW
With the implementation of the new scheme for education and training by ICAI, effective from 1 July 2023, there have been certain changes in the CA syllabus and today we are going to brief you about what has been added and deleted simultaneously in Cost and Management accounting(CMA), CA Intermediate level.
- Format of question paper – Under the old scheme, CMA was a descriptive practical based subject comprising of 100 marks but according to the new scheme, case based MCQs have been added comprising of 30 marks with no negative marking whereas descriptive practical questions will come for 70 marks now.
- Changes in the module-
ADDITION | DELETION |
1)“ Direct expenses” concept is now clubbed with “Employee cost” chapter | 1) “Contract costing” which was earlier part of with “Job costing” chapter has now been deleted. |
- Specific changes in chapters-
(As per ICAI Module)
CHAPTERS | ADDITION | DELETION |
Introduction | Concept of Digital costing system | |
Material costing | -Government E-marketplace, -Illustration 7 | Illustration 1,2,3,8 |
Overheads | Question 12 part (ii) | |
Cost sheet | Question 4 | |
Cost accounting systems | Question 4 & “Accounting for management information and cost control” is also removed. | |
Unit and batch costing | Question 5 | |
Job costing | – Theory question 2 – Practical question 2 | -Illustration 3,4,5,6,7 – MCQ 3,6,9 – Theory questions 3,4,5 – Practical questions 3,4 |
Joint products and by products | – Question 5 and 6 & definition of “by product” has been improved further. -“Methods of apportionment of joint cost to join products” is elaborated further. | |
10)Service costing | Illustration 15 & concept of “Key performance” has been introduced | |
11)Standard costing | Question 8 | |
12) Marginal costing | Illustration 9 is discussed in detail | Illustration 10,11,12,13,14 & Question 21 |
13) Budgets and budgetary controls | Concept of feedback and feed forward control is newly added |
- Specific changes in chapters-
(As per CA Ashish Kalra sir’s books )
CHAPTERS | ADDITION | DELETION |
Introduction | Concept of Digital costing system | |
Material costing | -Government E-marketplace, -Illustration 7 | Illustration 1,2,3,8 |
Cost accounting systems | Question 4 & “Accounting for management information and cost control” is also removed. | |
4)Service costing | Illustration 15 & concept of “Key performance” has been introduced | |
5)Standard costing | Question 8 | |
6) Budgets and budgetary controls | Concept of feedback and feed forward control is newly added |
We hope we made it pretty easy for you. Let us know by leaving a comment below!
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