CMA Intermediate Syllabus (2026): 8 Papers Across 2 Groups
CMA Intermediate is the second level of the Cost and Management Accountant course under ICMAI's Syllabus 2022. It has eight papers across two groups. Here's the full CMA Inter syllabus with the official paper names and numbering.
The papers below are the official ICMAI Syllabus 2022 Intermediate papers. Always cross-check the current study material on icmai.in.
CMA Intermediate papers (ICMAI Syllabus 2022)
Eight papers (Papers 5–12), across two groups:
| Group | Paper | Name |
|---|---|---|
| Group 1 | Paper 5 | Business Laws and Ethics |
| Group 1 | Paper 6 | Financial Accounting |
| Group 1 | Paper 7 | Direct and Indirect Taxation |
| Group 1 | Paper 8 | Cost Accounting |
| Group 2 | Paper 9 | Operations Management and Strategic Management |
| Group 2 | Paper 10 | Corporate Accounting and Auditing |
| Group 2 | Paper 11 | Financial Management and Business Data Analytics |
| Group 2 | Paper 12 | Management Accounting |
CMA Intermediate papers — ICMAI Syllabus 2022.
How to study the CMA Inter syllabus (concept-first)
CMA Intermediate blends costing, accounting, law, tax and management — a lot of ground where a shaky concept quietly costs marks across papers. The students who clear both groups are the ones who know exactly which concepts are weak. Concept-wise MCQ practice that pinpoints the concept behind each wrong answer makes that clear fast.
Frequently asked questions
How many papers are there in CMA Intermediate?
Eight papers (Papers 5 to 12), split across two groups of four, under ICMAI Syllabus 2022.
What are the CMA Inter Group 1 papers?
Business Laws and Ethics; Financial Accounting; Direct and Indirect Taxation; and Cost Accounting.
Can I attempt one group at a time in CMA Inter?
Yes. You can appear for one group or both together, subject to ICMAI's current rules.