ICMAI CMA Foundation – Aspirants who wish to become Certified Management Accountant (CMA) have to clear CMA Foundation exam. It is an offline exam, which is conducted by Institute of Cost Accountants of India (ICWAI / ICMAI) to give entry to eligible and qualified candidates in CMA course. To take the exam, candidates have to register with ICMAI and the exam is held in the June and December. All the details about ICMAI CMA Foundation is given in this page. Have a look below.
Latest: ICMAI CMA Foundation Dec 2020 result has been announced. Click here to check it.
Contents
ICMAI CMA Foundation
All the candidates can apply for ICMAI CMA Foundation June and December exam. Canddiate can check the important dates pertaining to ICMAI CMA Foundation from the table provided below.
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| ICMAI Foundation Course Examination | Jun 2020 | Dec 2020 |
|---|---|---|
| Fundamentals of Economics & Management | ||
| Fundamentals of Accounting | ||
| Fundamentals of Laws & Ethics | ||
| Fundamentals of Business Mathematics & Statistics |
Instruction Notice for Foundation Examination December 2020
- Click here to download the above notice.
Earlier Instruction –
Click here to download the above notice
Notification for ICMAI CMA Foundation Dec 2020 Exam in Online Home Based Mode
Click here to check the complete notice and exam pattern for home based exams.
Notification for ICMAI CMA Foundation June 2020 Exam in Online Home Based Mode
Click here to check the complete notice and exam pattern for home based exams.
ICMAI CMA Foundation Syllabus
Following is the syllabus for CMA Foundation for all the Four papers.
Paper 1: Fundamentals of Economics and Management (FEM)
| Section – A Fundamental of Economics | Section – B Fundamental of Management |
– Basic Concepts of Economics – Micro & Macro – Forms of Market – Money and Banking | – Management Process |
Paper 2: Fundamental of Accounting (FOA)
| Section – A Fundamental of Financial Accounting | Section – B Fundamental of Cost Accounting |
– Accounting Basics – Accounting for Special Transactions – Preparation of Final Accounts | Fundamentals of Cost Accounting |
Paper 3 : Fundamental of Laws and Ethics
| Section – A Fundamental of Commercial Laws | Section – B Fundamental Of Ethics |
– Indian Contracts Act, 1872 – Sale of Goods Act, 1930 – Negotiable Instruments Act, 1881 | Ethics and Business |
Paper 4 : Fundamental of Business Mathematics and Statistics (FBMS)
| Section – A Fundamental of Business Mathematics | Section – B Fundamental of Business Statistics |
– Arithmetic – Algebra | – Statistical Representation of Data – Measures of Central Tendency and Dispersion – Correlation and Regression – Probability |
- Click Here to check detailed information on CMA Foundation Syllabus.
ICMAI CMA Foundation Exam Pattern
Following is the exam pattern for CMA Foundation. Candidates are required to study the question paper pattern carefully.
- Mode of examination : Offline ( Pen paper based test)
- Duration : Three hours
- Number of Questions : 100 Descriptive type questions
- Papers : CMA Foundation is broadly divided into Four Papers. Distribution of the same is provided below.
Paper 1: Fundamentals of economics and management
| Contents | Weightage |
| Section A: Fundamentals of Economics | |
| Basic concepts of Economics | 20% |
| Forms of Market | 20% |
| Money and Banking | 10% |
| Section B: Fundamentals of Management | |
| Management Process | 50% |
Paper 2: Fundamentals of accounting
| Contents | Weightage |
| Section A: Fundamentals of Financial Accounting | |
| Accounting Fundamentals | 35% |
| Accounting for Special Transactions | 20% |
| Preparation of Final Accounts | 25% |
| Section B: Fundamentals of Cost Accounting | |
| Fundamentals of Cost Accounting | 20% |
Paper 3: Fundamentals of Laws and Ethics
| Contents | Weightage |
| Section A: Fundamentals of Commercial Laws | |
| Indian Contracts Act, 1872 | 40% |
| Sale of Goods Act, 1930 | 20% |
| Negotiable Instruments Act, 1881 | 10% |
| Section B: Fundamentals of Ethics | |
| Ethics and Business | 30% |
Paper 4: Fundamentals of Business Mathematics and Statistics
| Contents | Weightage |
| Section A: Fundamentals of Business Mathematics | |
| Arithmetic | 20% |
| Algebra | 20% |
| Section B: Fundamentals of Business Statistics | |
| Statistical representation of Data | 10% |
| Measures of Central Tendency and Dispersion | 30% |
| Correlation and Regression | 10% |
| Probability | 10% |
CMA Foundation Eligibility Criteria
- A candidate should have passed Class 10 or equivalent from a recognized Board or Institution.
- Candidates must have passed 10+2 / equivalent from a recognized Board.
- Candidates appearing for 10+2 exam in the current session can also apply.
- Those who have qualified National Diploma in Commerce Examination by AICTE / State Board of Technical Education are also eligible for CMA Foundation exam.
Certified Management Accountant (CMA)
Certified Management Accountant (CMA) is a professional certification in the management accounting and financial management field. CMA certified professional can work with orgranizations of all sizes, industries, type etc. CMA Certification shall open a lot of career opportunities for candidates. CMA is a good course and exam choice if a candidate is looking forward to pursue a career in accounting.
CMA Intermediate
Institute of Cost Accountants of India (ICMAI) conduct the CA Intermediated exam twice in a year i.e. June and December. Candidates have to appear in three phases to become a Cost and Management Accountant (CMA). Candidates who want to apply for CMA Intermediate exam, they first need to qualify the Foundation test, Intermediate and then Final test.CMA Intermediate examination is consist of twelve papers.
About ICMAI
The Institute of Cost Accountants of India (erstwhile The Institute of Cost and Works Accountants of India) was first established in 1944 as a registered company under the Companies Act with the objective of promoting, regulating and developing the profession of Cost Accountancy. The Institute of Cost Accountants of India is the only recognized statutory professional organisation and licensing body in India specialising exclusively in Cost and Management Accountancy.
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