Important Updates About Conversions of CMA Syllabus From 2016 to 2022.

As CMA Syllabus 2022 was introduced last year by ICMAI, students had questions about whether they should convert to the new syllabus or not, how the exception will work in the CMA Intermediate level and CMA Final level, when the last attempt of syllabus 2016 will be, and whether all students will be converted to the new syllabus. Read the entire blog to get answers to all of your questions.

Key Features Of CMA New Syllabus 2022

The ICMAI CMA course is expanding globally, preparing professionals for the future with comprehensive mentoring. It aims to develop future-ready professionals equipped with the necessary skills to succeed in the global market.

The goal is to nurture present-day students into becoming future CMA professionals who will take on leadership roles in various industries, as well as become practitioners offering their management and audit skills to these sectors.

Introducing Contemporary Topics  

• Data Analytics 
• Business Communication 
• Entrepreneurship & Start-up 
• Risk Management in Banking & Insurance 
• Lean Accounting
• Six Sigma 
• Forensic Audit 
• Information Systems Security Audit 
• ESG (Environmental, Social and Governance 
• Digital Strategy
• Digital Finance 
• Decision Theory 
• Quantitative Techniques in Decision Making 
• Cyber Security & Data Privacy Laws 
• Anti-money Laundering Laws 
• Financial Derivatives 
• International Financial Management 
• Equity & Bond Valuation 
• Business Forecasting Models 
• Financial Modelling 
• Leadership 
• Emotional Intelligence 

Introducing Tutorial Workshops On Contemporary Topics 

• Tools and Techniques of Data Analytics
• Financial Modelling, Forecasting, Valuation and Derivatives, Financial Consultancy 
• Consultancy Services for Strategic Cost Management 
• Forensic Audit 
• Information System and Security Audit  
• Preparation of Cost Audit Reports 
• Sessions with Founders of Unicorn

Official circular: Clarifications regarding the CMA syllabus 2022

Till When is the CMA Syllabus 2016 Valid?

The syllabus 2016 is valid until August 2023 and the last term in which students can take exams under the syllabus 2016 is Dec 2023.

How Will CMA Intermediate Exemptions Work if We Switch From Syllabus 2016 to Syllabus 2022?

Students who are currently pursuing the CMA Intermediate Course under Syllabus 2016, and have qualified in either of the Groups in Intermediate Course under Syllabus 2016, will be granted Exemptions as follows:

• Group-wise Exemption

• Subject-wise exemption

Students who are currently pursuing CMA Intermediate Course under Syllabus 2016 and have Subject exemptions under Syllabus 2016, and who are otherwise eligible under Institute rules, can now avail of exemption(s) in the corresponding/equivalent subject(s) under Syllabus 2022.

If you received an exemption in any subject under the 2016 syllabus, you will be granted an exemption under the 2022 syllabus as well. However, there are some cases where you will not be granted an exemption, such as in Paper 7 i.e. Direct tax because, in the 2016 syllabus, direct tax and indirect tax were separate papers, but in the 2022 syllabus, both papers are combined and included in one paper.

If you received an exemption in both papers under the 2016 syllabus, you will be granted an exemption in paper 7 of the 2022 syllabus. But if you have obtained an exemption in any one paper, you will not be able to obtain an exemption in Paper 7 DITX of the 2022 syllabus.

Furthermore, because Paper 11 (Indirect tax) of syllabus 2016, has been replaced by financial management and business data analytics in syllabus 2022, no exemption will be granted in this subject. because it is a new subject.

Official circular: Clarifications regarding the CMA syllabus 2022

Q: How Will CMA Final Exemptions Work if We Switch From Syllabus 2016 to Syllabus 2022?

Students who are currently pursuing the CMA Final Course under Syllabus 2016, and have qualified in either of the Groups in Final Course under Syllabus 2016, will be granted Exemptions as follows:

• Group-wise Exemption

• Subject-wise Exemption

As well as all subjects for which you secured exemption under syllabus 2016 will also be exempted under syllabus 2022.

Q: Should You Convert From CMA Syllabus 2016 to Syllabus 2022?

If you have already completed the first group under syllabus 2016 and have started studying for the second group, it is not recommended that you switch to syllabus 2022. this is because you won't have as much time to study, give mock tests, or revise after switching to the new syllabus.

However, if you switch to a new syllabus, you will have to wait for the new study material, and as we all know, there are always some errors in the study material. Furthermore, the new syllabus is quite extensive, and you may not be able to cover it all before your exams. As a result, it is best to stick with the 2016 syllabus, as July 2023 is the last term of the old syllabus.

It is only recommended to switch to a new syllabus if you have not taken any classes and have not begun studying.

For More Information Watch this video by Satish Sir:

*** Should you Convert from the Old Syllabus to the New Syllabus? ***

*** Exemptions and Conversions from Old Syllabus to New Syllabus ***

*** Results Declared, What Should be your Plan now? ***