Best Books for CMA Intermediate

Last updated on 21st Nov,2024 23

The CMA (Cost and Management Accounting) Intermediate exam is an essential step for college kids pursuing the Certified Management Accountant designation. This degree checks your know-how of accounting, Taxation, regulation, and monetary management concepts, which will lay the muse for your future profession as a price control accountant.  Preparing for these assessments requires now not only a deep knowledge of principles but additionally regular exercise and the use of exceptional take-a-look at materials. To help you excel on your CMA Intermediate examination, we've compiled a list of satisfactory books to support your studying and decorate your exam readiness.

1. Taxmann Students; Guide to Accounting Standards by using D.S. Rawat

Why this ebook?

Accounting Standards play an important role in the CMA Intermediate syllabus and D.S.

Rawat's book is one of the most famous and extensively advocated publications. It explains the requirements in a manner that is easy to understand, and the writer affords detailed reasons with real-global examples, making sure college students grasp the significance of every accounting standard.

What makes it brilliant?

·         Clarity: D.S. Rawat's ebook breaks down the accounting standards into smaller, digestible portions. For someone analyzing on the intermediate level, it is miles vital to have a clear knowledge of those concepts, and this ebook offers that.

·         Practical Application: The ebook offers numerous examples, case research, and sensible scenarios to assist students in observing theoretical information.

·         Exam Focus: As CMA Intermediate students, you want to make certain that your exam material aligns with the exam necessities, and this guide does just that. It's examination-oriented, with plenty of questions and issues to practice.

2. Corporate & Other Laws by way of Munish Bhandari

Why this book?

Corporate regulation is a topic that may be intimidating for plenty of students, given the enormous quantity of legal jargon and complex provisions. Munish Bhandari's ebook simplifies those principles and makes it simpler for CMA Intermediate aspirants to recognize company and other laws. The ebook is established to cater to novices and people who desire to dive deep into the problem.

What makes it extremely good?

·         Simplified Explanations: This ebook is understood for making complicated criminal ideas approachable for students. Bhandari provides factor-clever causes, making it less difficult to comprehend key provisions and concepts.

·         Coverage of Case Laws: Case laws are a crucial part of the Corporate Law syllabus for CMA Intermediate, and this book covers all the applicable instances in a simple way.

·         Chart Presentation: Bhandari makes use of go-with-the-flow charts and diagrams to summarize vital factors, which aids in retention and makes ultimate-minute revision smoother.

3. Cost & Management Accounting with the aid of P.C. Tulsian & Bharat Tulsian

Why this ebook?

Cost and management accounting is one of the middle subjects for CMA Intermediate students. It includes expertise in various costing strategies, cost control strategies, and managerial decision-making tactics. P.C. Tulsian and Bharat Tulsian's book is an excellent aid for college kids seeking out a mixture of ideas and practical questions.

What makes it extremely good?

Comprehensive Coverage: The e book covers all elements of value and management accounting, from fundamental principles like task costing, manner costing, and marginal costing, to extra superior topics along with budgetary manipulate and fashionable costing.

Practical Problems: A sizable strength of this book is the huge style of issues and case studies it gives, which gives college students adequate exercise. Practising those problems guarantees that you are ready to tackle the type of questions you will come across during the examination. Easy-to-understand Language: Despite protecting a wide variety of subjects, the authors have ensured that the language used is straightforward, making it reachable even to those new to the subject.

4. Indirect Taxation by using V.S. Datey

Why this ebook?

Indirect Taxation, which includes GST and customs laws, is a crucial part of the CMA Intermediate syllabus. V.S. Datey's ebook is one of the exceptional resources for this subject, supplying comprehensive coverage of all indirect tax laws applicable to the examination.

What makes it brilliant?

Detailed Coverage of GST: GST is a sizeable subject matter, and the book explains the intricacies of the Goods and Services Tax with clarity. It covers subjects like enter tax credit, registration, returns, and refunds in detail, making sure students understand the middle concepts.

·         Customs Law: The ebook additionally offers with customs laws, providing reasons about the valuation of products, responsibilities, and exemptions.

·         Practical Examples: Datey's ebook consists of several examples and case research to make the topics extra relatable and less difficult to understand. This is vital, as indirect taxation laws can be complex with out sensible application.

5. Advanced Accounting through P.C. Tulsian

Why this ebook?

Advanced Accounting is a critical difficulty within the CMA Intermediate syllabus, and P.C. Tulsian's ebook is a trusted resource. It provides detailed explanations of diverse accounting ideas and practices, making sure students develop a robust foundation in the difficulty.

What makes it exquisite?

Wide Range of Topics: The e book covers key subjects like partnership money owed, amalgamation, liquidation, and forex transactions, amongst others.

·         Conceptual Clarity: One of the standout capabilities of this ebook is its ability to make tough concepts easy to recognize. The use of examples, precise factors, and step-by-step step-by-step answers allow college students to master even the toughest subjects.

·         Numerous Problems: The ebook incorporates lots of problems and answers, giving college students lots of opportunities to exercise and refine their competencies.

6. Financial Management & Business Economics by Dr. R.P. Rustagi

Why this ebook?

This book covers two crucial subjects for CMA Intermediate students: Financial Management and Business Economics. Dr. R.P. Rustagi's book is properly dependent and designed to make sure that scholars benefit from a thorough knowledge of each topic.

What makes it top-notch?

Financial Management Focus: The e book delves into key financial control subjects like capital budgeting, fee of capital, operating capital control, and monetary evaluation. It balances theoretical explanations with practicals.