Cost and Management Accountancy has three levels: CMA Foundation CMA Intermediate CMA Final CMA Foundation CMA Intermediate CMA Final 20 Papers Duration: 3 Years Validity - 2 Attempts(Per Level) Instalments Select Plan CMA Foundation CMA Intermediate CMA Final 20 Papers Duration: 3 Years Validity - 2 Attempts(Per Level) Instalments Select Plan CMA Foundation CMA Intermediate CMA Final 12 Papers Duration: 1.5 Years Validity - Lifetime Instalments Select Plan