CMA Foundation Syllabus 2025 - Paper Wise Syllabus, Important Topics

The Institute of Cost Accountants of India (ICMAI) prescribes the syllabus of CMA Foundation on its official website - icmai.in. Candidates planning to appear for the upcoming June 2025 exam should refer to the official syllabus before starting their preparation. ICMAI earlier released the CMA Foundation 2022 syllabus which was applicable for June 2024 term. CMA Foundation exam under 2016 syllabus has been discontinued. Details related to the papers covered, topics and subtopics included are mentioned under the syllabus of CMA Foundation 2025. As per the exam dates, ICMAI conducts the CMA Foundation exam twice every year - once in June and then in December.

This Story also Contains

1. CMA Subjects 2025
2. CMA Foundation New Syllabus 2025
3. Comprehensive CMA Foundation New syllabus
4. CMA Foundation Exam Pattern 2025
5. CMA Foundation Study Material 2025

The ICMAI Foundation syllabus 2022 has been discussed in this article. Read the complete article to know more about CMA Foundation syllabus 2025 June session, topics covered and other related information.

CMA Subjects 2025

Given in the table below are the CMA Foundation subjects 2025 covered in the syllabus.

CMA Foundation New Syllabus 2025

Also, check - CMA Foundation Registration 2025

Comprehensive CMA Foundation New syllabus

CMA Foundation Fundamentals Of Business Laws And Business Communication (FBLC) Syllabus - Paper 1

SECTION A: Fundamentals Of Business Laws

1. Introduction

1.1 Sources of Law

1.2 Legislative Process in India

1.3 Legal Methods and Court System in India

1.4 Primary and Subordinate Legislation

2. Indian Contracts Act, 1872

2.1 Essential Elements of a Contract, Types of Contract, Offer and Acceptance

2.2 Void and Voidable Agreements, No Consideration No Contract

2.3 Consideration, Legality of Object and Consideration

2.4 Capacity of Parties, Free Consent

2.5 Quasi and Contingent Contracts

2.6 Performance of Contracts

2.7 Meaning of Indemnity, Guarantee, Pledge, Agent

2.8 E-Contracts and E-Signature – Meanings and Requirements

2.9 Discharge of Contracts

2.10 Breach of Contract and Remedies for Breach of Contract

3. Sale of Goods Act, 1930

3.1. Definition

3.2. Transfer of Ownership

3.3. Essential Conditions of a Contract of Sale

3.4. Conditions and Warranties

3.5. Performance of the Contract of Sale

3.6. Rights of Unpaid Seller

4. Negotiable Instruments Act, 1881

4.1. Characteristics of Negotiable Instruments

4.2. Definitions of Promissory Note, Bill of Exchange and Cheque

4.3. Difference between Promissory Note, Bill of Exchange and Cheque

4.4. Crossing – Meaning, Definition and Types of Crossing

4.5. Dishonour of Cheques (Section 138)

Section B: Business Communication

5. Business Communication

5.1 Introduction to Business Communication

5.2 Features of Effective Business Communication

5.3 Process of Communication

5.4 Types of Business Communication

5.4.1 Formal and Informal Communication

5.4.2 Verbal, Non-verbal and Written Communication

5.4.3 Vertical, Horizontal and Diagonal Communication

5.4.4 Upward and Downward Communication

5.4.5 Lateral Communication

5.5 Internet Based Business Communication

5.6 Do’s and Don’ts of Communication through Social Media

5.7 Writing and Drafting for Business Audiences

5.7.1 Letter and Memorandum

5.7.2 Report – Formal and Informal

5.7.3 Business Proposal

5.7.4 Enhancement of Writing Skills

5.8 Intercultural and International Business Communication

5.9 Barriers to Business Communication

5.10 Legal Aspects of Business Communication

5.11 Use of Graphics and References for Business Communication

CMA Foundation Fundamentals Of Financial And Cost Accounting (FFCA) Syllabus - Paper 2

Section A: Fundamentals Of Financial Accounting

1. Accounting Fundamentals

1.1 Understanding of Four Frameworks of Accounting (Conceptual, Legal, Institutional and

Regulatory) and Forms of Organisation

1.2 Accounting Principles, Concepts and Conventions

1.3 Capital and Revenue Transactions - Capital and Revenue Expenditures, Capital and Revenue

Receipts

1.4 Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction –

Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books and

Finalisation of Accounts

1.5 Journal (Day Books; Journal Proper – Opening, Transfer, Closing, Adjustment and Rectification

Entries), Ledger

1.6 Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement

1.7 Trial Balance

1.8 Adjustment Entries and Rectification of Errors

1.9 Depreciation (Straight Line and Diminishing Balance Methods only)

1.10 Accounting Treatment of Bad Debts and Provision for Doubtful Debts

2. Accounting for Special Transactions

2.1 Consignment

2.2 Joint Venture

2.3 Bills of Exchange (excluding Accommodation Bill, Insolvency)

3. Preparation of Final Accounts

3.1 Preparation of Financial Statements of Sole Proprietorship

3.1.1 Income Statement, Balance Sheet

3.2 Preparation of Financial Statements of a Not-for-Profit Organisation

3.2.1 Preparation of Receipts and Payments Account

3.2.2 Preparation of Income and Expenditure Account

3.2.3 Preparation of Balance Sheet

Section B: Fundamentals Of Cost Accounting

4. Fundamentals of Cost Accounting

4.1 Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting

4.2 Application of Cost Accounting for Business Decisions

4.3 Definition of Cost, Cost Centre, Cost Unit and Cost Drivers

4.4 Classification of Costs (with reference to Cost Accounting Standard 1)

4.5 Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)

CMA Foundation Fundamentals Of Business Mathematics And Statistics (FBMS) Syllabus - Paper 3

Section A: Fundamentals Of Business Mathematics

1. Arithmetic

1.1 Ratios, Variations and Proportions

1.2 Time Value of Money and Annuity – Simple and Compound Interest

1.3 Arithmetic Progression and Geometric Progression

1.4 Time and Distance

2. Algebra

2.1 Set Theory, including Venn Diagram

2.2 Indices and Logarithms (Basic Concepts)

2.3 Permutation and Combinations (Basic Concepts)

2.4 Quadratic Equations (Basic Concepts)

3. Calculus - Application in Business

3.1 Concept of Calculus and its Application in Business

3.2 Revenue and Cost Function

3.3 Optimisation Techniques (Basic Concepts)

Section B: Fundamentals Of Business Statistics

4. Statistical Representation of Data

4.1 Diagrammatic Representation of Data

4.2 Frequency Distribution

4.3 Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart

5. Measures of Central Tendency and Dispersion

5.1 Mean, Median, Mode, Mean Deviation

5.2 Range, Quartiles and Quartile Deviation

5.3 Standard Deviation

5.4 Co-efficient of Variation

5.5 Karl Pearson and Bowley’s Co-efficient of Skewness

6. Correlation and Regression

6.1 Scatter Diagram

6.2 Karl Pearson’s Co-efficient of Correlation

6.3 Regression Analysis

7. Probability

7.1 Concepts and Terminologies

7.2 Primary applications of Probability Theorems

8. Index Numbers and Time Series

8.1 Uses of Index Numbers, Methods of Construction of Index Number

8.2 Components of Time Series and Calculation of Trend by Moving Average Method

CMA Foundation Fundamentals Of Business Economics And Management (FBEM) Syllabus - Paper 4

Module no.	Module Description	Weight
	Section A: Fundamentals of Business Economics	70%
1.	Basic Concepts	15%
2.	Forms of Market	20%
3.	Money and Banking	20%
4.	Economic and Business Environment	15%
4.	Section B: Fundamentals of Management	30%
	Fundamentals of Management	30%

Section A: Fundamentals Of Business Economics

1. Basic Concepts

1.1 The Fundamentals of Economics

1.2 Utility, Wealth, Production

1.3 Theory of Demand (Meaning, Determinants of Demand, Law of Demand, Elasticity of Demand

- Price, Income and Cross Elasticity, Theory of Consumer Behaviour, Demand Forecasting) and

Supply (Meaning, Determinants, Law of Supply and Elasticity of Supply), Equilibrium

1.4 Theory of Production (Meaning, Factors, Laws of Production - Law of Variable Proportion, Laws

of Returns to Scale)

1.5 Cost of Production (Concept of Costs, Short-run and Long-run Costs, Average and Marginal Costs,

Total, Fixed and Variable Costs)

1.6 Means of Production

2. Forms of Market

2.1 Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly,

Oligopoly, Monopoly, Monopolistic Competition

2.2 Price Discrimination

3. Money and Banking

3.1 Money - Types, Features and Functions

3.2 Banking - Definition, Functions, Utility, Principles

3.3 Commercial Banks, Central Bank

3.4 Measures of Credit Control and Money Market

4. Economic and Business Environment

4.1 PESTEL (Political, Economic, Societal, Technological, Environmental and Legal) Analysis

4.2 Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear of

Unknown and Unprecedentedness)

Section B – Fundamentals Of Management

5. Fundamentals of Management

5.1 Introduction to Management

5.2 Stewardship Theory and Agency Theory of Management

5.3 Planning, Organising, Staffing and Leading

5.4 Communication, Co-ordination, Collaboration, Monitoring and Control

5.5 Organisation Structure, Responsibility, Accountability and Delegation of Authority

5.6 Leadership and Motivation – Concepts and Theories

5.7 Decision-making – Types and Process

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CMA Foundation Exam Pattern 2025

It is essential to refer the official exam pattern along with the CMA foundation syllabus 2025 pdf. The CMA Foundation question paper will be based on a particular CMA foundation exam pattern. Details such as mode of the exam, medium of language, total marks, time duration, type of questions and related are included in the exam pattern of CMA Foundation.

CMA Foundation Exam Pattern June 2025

CMA Foundation Study Material 2025

To commence their preparation for the CMA Foundation exam, candidates should refer to the official study material issued by ICMAI. Candidates can refer to the official study material in an online mode. It is available in PDF format on the official website of ICMAI and can be downloaded without any additional fee. Candidates who register with postal means are also dispatched the study material by Post after allotment of the registration number.

Also, check - CMA Foundation Exam Form 2025