Subject-wise list of highly recommended textbooks for the CMA 2022 syllabus (as per student reviews, coaching feedback, and exam trends) for Inter and Final levels:

Now a days there is a tendency of the CMA students to avoid text book and depend on different coaching classes and Institute Study Notes and Scanner. In our days, there was no plenty of *****sir’s class, or coaching classes here and there. Also Study Notes were not up to the mark at that time. We used to read 1st Text Book and then Suggested Answers of previous terms. There was no scanner. Thus, our main study tool was Text Book.

Text Book not only clears your doubts but also strengthen your knowledge and enhance your conception which are very essential for passing exams as well as getting through interviews.

In view of my observations about recent students and my own experience, I suggest you to read Text Books of different subjects and then use any other study tools like Suggested Answers of previous terms, Study Notes of the Institute (Now a days these are quite good), RPT, Mock Test etc and avoid ***** sir’s Notes.

 

Subject-wise list of highly recommended textbooks for the CMA 2022 syllabus (as per student reviews, coaching feedback, and exam trends) for Inter and Final levels:

CMA INTER (2022 Syllabus)

Group 1:

1. Paper 5 – Financial Accounting

CA/CMA Rakesh Agarwal (Agarwal Classes)

CA/CMA DG Sharma (DG Education)

CA/CMA MP Vijay Kumar (excellent for concepts)

 

2. Paper 6 – Laws & Ethics

CS Anoop Jain (clearly explained in simplified language)

CMA Ankit Oberoi (for ethics & case-based questions)

 

3. Paper 7 – Direct Taxation

CA Bhanwar Borana (BB Sir – known for simplified concepts)

CA Vijay Sarda (for conceptual clarity and summary charts)

Taxmann’s CMA Inter DT book (updated and syllabus aligned)

 

4. Paper 8 – Cost Accounting

CA/CMA Purushottam Aggarwal

CMA Rakesh Rathi

ICAI Institute material + scanner (compulsory)

 

 

 

 

 

Group 2:

1. Paper 9 – Operations Management & Strategic Management

CA Satish Jalan (easy flow charts and SM summaries)

CMA Institute Module + Class Notes (OM is best studied from ICAI)

 

2. Paper 10 – Cost & Management Accounting and Financial Management

CMA Purushottam Aggarwal (for CMA FM)

CA Gaurav Jainn (FM part)

ICAI Institute books (for case-study questions)

 

3. Paper 11 – Indirect Taxation

CA Rajkumar (best for GST clarity and flow charts)

CA Vishal Bhattad (for conceptual + revisionary videos)

Taxmann or ICAI Institute Material

 

4. Paper 12 – Company Accounts and Audit

CA/CMA MP Vijay Kumar

CA Pankaj Garg (for Audit)

CMA Institute Book + Scanner

 

CMA FINAL (2022 Syllabus)

 

Group 3:

1. Paper 13 – Corporate and Economic Laws

CA Munish Bhandari (Handbook)

CA Sankalp Kanstiya

CS Anoop Jain (for clarity and case studies)

ICAI Material + Past Year Questions

 

 

 

2. Paper 14 – Strategic Financial Management

CA Sanjay Saraf (SSF)

CA CFA Nikhil Jobanputra

CA Aaditya Jain (also covers stock market angle)

CMA Institute Book for case studies

 

3. Paper 15 – Direct Tax Laws and International Taxation

CA Bhanwar Borana + CA Durgesh Singh Combo

Taxmann’s CMA Final DT Book

CA Vinod Gupta (for detailed understanding)

 

4. Paper 16 – Strategic Cost Management – Decision Making

CMA Sanjay Aggarwal

CMA Ashish Kalra

ICAI Institute Book + Practice Manual

 

Group 4:

 

1. Paper 17 – Cost & Management Audit

CMA Sanjay Aggarwal

CMA Institute Book (mostly practical and report-oriented)

 

2. Paper 18 – Financial Reporting

CA/CMA MP Vijay Kumar (top-rated for AS, IND AS)

CA Parveen Sharma

ICAI Module + RTPs

 

3. Paper 19 – Indirect Tax Laws & Practice

CA Rajkumar (for GST + Custom)

Taxmann’s CMA Final IDT Book

ICAI Module + Practical Case Studies

4. Paper 20 – Strategic Performance Management and Business Valuation

CA/CMA Sanjay Aggarwal

CMA Institute Module

CA Shubham Singhal (for Valuation concepts)