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.
ICWAI CMA Foundation
All the candidates can apply for ICWAI CMA Foundation June and December exam. Check the schedule for the exam from below.
|Foundation Course Examination||Dec 2019||Jun 2019|
|Fundamentals of Economics & Management||10 Dec 2019||11 Jun 2019|
|Fundamentals of Accounting||11 Dec 2019||12 Jun 2019|
|Fundamentals of Laws & Ethics||12 Dec 2019||13 Jun 2019|
|Fundamentals of Business Mathematics & Statistics||13 Dec 2019||14 Jun 2019|
ICMAI CMA Foundation Papers
Following are the Papers included in ICMAI CMA Foundation course.
Paper 1 : Fundamentals of Economics and Management
|Fundamentals of Economics||50%|
|Fundamentals of Management||50%|
Paper 2 : Fundamentals of Accounting
|Fundamentals of Financial Accounting||60%|
|Fundamentals of Cost & Management Accounting||40%|
Paper 3 : Fundamentals of Laws and Ethics
|Fundamentals of Commercial Laws||70%|
|Fundamentals of Industrial Laws||20%|
|Fundamentals of Ethics||10%|
Paper 4 : Fundamentals of Business Mathematics and Statistics
|Fundamentals of Business Mathematics||40%|
|Fundamentals of Business Statistics||60%|
CMA Foundation Exam Pattern
- 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
|Section A: Fundamentals of Economics|
|Basic concepts of Economics||20%|
|Forms of Market||20%|
|Money and Banking||10%|
|Section B: Fundamentals of Management|
Paper 2: Fundamentals of accounting
|Section A: Fundamentals of Financial Accounting|
|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
|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
|Section A: Fundamentals of Business Mathematics|
|Section B: Fundamentals of Business Statistics|
|Statistical representation of Data||10%|
|Measures of Central Tendency and Dispersion||30%|
|Correlation and Regression||10%|
Click Here to download detailed information regarding CWA Foundation Syllabus.
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.
How to apply for CMA Foundation ?
Candidates aspiring to appear in CMA Foundation can follow the below given steps.
Step 1 : Visit the official website, icmai.in.
Step 2 : Click the Students Portal link.
Step 3 : On this page candidates will see Online Examination Form link, click it.
Step 4 : Now tap the Students icon.
Step 5 : You will reach a page in which there are various headings namely Activities, Online Examination Application, Offline Examination Application Form (Overseas Centers only) etc. Navigate to Online Application Form under Activities.
Step 6 : Then once again click the form link.
Step 7 : Select your course as Foundation from the drop down that appears.
Step 8 : Read instructions and apply online.
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.
nstitute 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.
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.