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CMA Intermediate exam is conducted by the Institute of Cost Accountants of India twice in a year and students are required to appear for the exam in three phases. The eligibility criteria include that students must have passed Senior Secondary and secured the Foundation course from ICAI. They should have secured a course into engineering or degree examination from a recognized and prestigious University. They should have qualified entry-level of the Foundation course Part 1 in CAT of the ICAI. This program includes two groups that consist of 12 papers of 100 marks, with 3 hours of exam duration and 60% objective & 40% subjective as the mode of examination.