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 2019

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

Subjects	Weightage
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

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%

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.

CMA Intermediate

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.

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.

ICMAI