CMA Inter Study Material: What ICMAI Publishes
ICMAI's own books, workbooks and term supplementaries cover every Inter paper; no outside book is needed to start.
The official CMA Inter study material is ICMAI's own: one study material book per Intermediate paper under Syllabus 2022, published on icmai.in in the Students section. ICMAI's coaching rules state that study materials for each subject are provided to registered students, so the books you receive and the files on the site are the same base text.
Around the study material sit five more ICMAI resources: workbooks, term-wise supplementaries, model question papers, an MCQ bank and postal test papers. Used in order, they cover reading, practice and revision without a single outside book.
CMA Inter Study Material by Paper (Syllabus 2022)
Paper 5: Business Laws and Ethics
Group
I
Study material
One book
ICMAI workbook
Not listed
Paper 6: Financial Accounting
Group
I
Study material
One book
ICMAI workbook
Yes
Paper 7: Direct and Indirect Taxation
Group
I
Study material
Two books: Section A Direct Taxation, Section B Indirect Taxation
ICMAI workbook
Yes, Sections A and B
Paper 8: Cost Accounting
Group
I
Study material
One book
ICMAI workbook
Yes
Paper 9: Operations Management and Strategic Management
Group
II
Study material
One book
ICMAI workbook
Yes
Paper 10: Corporate Accounting and Auditing
Group
II
Study material
One book
ICMAI workbook
Yes
Paper 11: Financial Management and Business Data Analytics
Group
II
Study material
One book
ICMAI workbook
Yes
Paper 12: Management Accounting
Group
II
Study material
One book
ICMAI workbook
Yes
| Paper | Group | Study material | ICMAI workbook |
|---|---|---|---|
| Paper 5: Business Laws and Ethics | I | One book | Not listed |
| Paper 6: Financial Accounting | I | One book | Yes |
| Paper 7: Direct and Indirect Taxation | I | Two books: Section A Direct Taxation, Section B Indirect Taxation | Yes, Sections A and B |
| Paper 8: Cost Accounting | I | One book | Yes |
| Paper 9: Operations Management and Strategic Management | II | One book | Yes |
| Paper 10: Corporate Accounting and Auditing | II | One book | Yes |
| Paper 11: Financial Management and Business Data Analytics | II | One book | Yes |
| Paper 12: Management Accounting | II | One book | Yes |
The Other ICMAI Resources
- Workbook
- Practice questions set against the study material, paper by paper. Listed for Intermediate and Final under Syllabus 2022.
- Supplementary
- A term-specific update to the study material, mostly for law and tax papers. For the December 2026 term ICMAI lists supplementaries for Inter Papers 5, 6, 7A and 7B.
- MCQ Bank
- Objective questions by paper, published for Foundation, Intermediate and Final under Syllabus 2022.
- Model Question Paper (MQP)
- A sample paper in the exam's format, published term by term. Covered on the previous year papers page.
- Postal Test Paper
- Test papers on icmai.in that postal coaching students answer to complete coaching.
- Students' E-Bulletin
- ICMAI's periodic bulletin for students, listed among the e-learning resources.
A Syllabus-Led Way to Use Them
- 1
Start from the syllabus
Read the Syllabus 2022 Intermediate curriculum for the paper so you know which chapters the study material must cover.
- 2
Read the study material chapter
Work through one chapter at a time, with its illustrations solved by hand, not just read.
- 3
Apply the term's supplementary
For law and tax papers, mark the supplementary's changes into the book before revising. An unamended book is out of date for the term.
- 4
Practise from the workbook
Attempt the workbook questions for the chapter without looking at the solution first.
- 5
Close with the MCQ bank and an MQP
Use the MCQ bank for quick recall checks, then sit an MQP in three hours to test answer writing.
General costing questions, not ICMAI papers. No signup.
The Old-Syllabus Trap
ICMAI still hosts archived Syllabus 2016 material, and the paper numbers do not match. Under Syllabus 2016, Paper 8 was Cost Accounting but Paper 10 was Cost & Management Accounting and Financial Management; under Syllabus 2022, Paper 10 is Corporate Accounting and Auditing. The Revision Test Papers page, for example, lists its latest set for the June 2018 term under Syllabus 2016. Check that every file you download says Syllabus 2022.
How Inter Papers Use the Material
Intermediate papers are largely descriptive, three hours each. The study material's worked illustrations are close to the shape of exam questions in numerical papers such as Cost Accounting and Financial Accounting: a scenario, a required statement, and marks for workings. The common trap is reading the theory sections and skipping the illustrations, then losing marks on presentation and working notes rather than on concepts.
Foundation and Final
ICMAI publishes study materials for Foundation and Final under Syllabus 2022 in the same section of the site. Final also has workbooks, an MCQ bank and postal test papers for Papers 13 to 20C, and the December 2026 supplementaries cover Final Papers 13, 15, 17, 18 and 19. Foundation has an MCQ bank and postal test papers, which suit its objective format.
FAQs
Where can I get the official CMA Inter study material?expand_more
From ICMAI. It publishes one study material book per Intermediate paper under Syllabus 2022 in the Students section of icmai.in, and provides study materials to registered students.
Is ICMAI study material enough for CMA Inter?expand_more
It is the base text the exam is set from. Pair it with the term's supplementary, the workbook, the MCQ bank and a model question paper, all from ICMAI, and you cover reading, practice and revision.
What is the CMA Inter supplementary?expand_more
A term-specific update to the study material, mainly for law and tax. For the December 2026 term ICMAI lists supplementaries for Inter Papers 5, 6, 7A and 7B.
Why are there two study materials for Paper 7?expand_more
Paper 7, Direct and Indirect Taxation, is split into Section A Direct Taxation and Section B Indirect Taxation, and ICMAI publishes a separate book for each section.
Next steps
- Syllabusarrow_forward
- Question Papersarrow_forward
- Preparationarrow_forward
- CMA (ICMAI) Guidearrow_forward
Free study material and a free diagnostic test.