ICMAI CMA Foundation: Papers, Eligibility, Fee, Scope

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.

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.

ICMAI Foundation Course Examination	Jun 2020	Dec 2020
Fundamentals of Economics & Management	02 Sep 06 Sep 2020	10-17 Dec 05 Dec 2020
Fundamentals of Accounting	04 Sep 06 Sep 2020	10-17 Dec 05 Dec 2020
Fundamentals of Laws & Ethics	08 Sep 06 Sep 2020	10-17 Dec 05 Dec 2020
Fundamentals of Business Mathematics & Statistics	10 Sep 06 Sep 2020	10-17 Dec 05 Dec 2020

Instruction Notice for Foundation Examination December 2020

• Click here to download the above notice.

Earlier Instruction –

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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

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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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