CMA Foundation Syllabus 2020
CMA Foundation Syllabus 2020 - The Institute of Cost Accountants of India (ICMAI) released the syllabus of CMA Foundation 2020 which is currently being followed in 2016. CMA Foundation 2020 syllabus includes topics from which the questions will appear in the exams. Candidates who are to appear for CMA Foundation 2020 exams must go through the syllabus thoroughly so that they do not miss out on any of the topics. CMA Foundation syllabus 2020 is prescribed for four papers of the programme - Fundamentals of Economics and Management, Fundamentals of Accounting, Fundamentals of Commercial Laws & Ethics, and Fundamentals of Business Mathematics and Statistics. Candidates can also check the section-wise weightage alongside the CMA Foundation 2020 syllabus on this page. It is of utmost importance that the candidates are familiar with the CMA Foundation syllabus and exam pattern before they start their preparations of the exam. All the details of CMA Foundation syllabus 2020 have been provided in the article below.
CMA Foundation Syllabus 2020
Candidates can check the paper-wise and section-wise syllabus of CMA Foundation 2020 in the following table. The weightage of each section has also been provided below so that the candidates can know the topics that need more focus while preparing for the exams.
CMA Foundation Syllabus
CMA Foundation Subjects
Paper 1 - Fundamentals of Economics and Management (F.E.M.)
Section A - Fundamentals of Economics
Basic Concepts of Economics – Micro & Macro Economics
Forms of Market
Money and Banking
Section B - Fundamentals of Management
Paper 2 - Fundamentals of Accounting (FoA)
Section A - Fundamentals of Financial Accounting
Accounting for Special Transactions
Preparation of Final Accounts:
Section B - Fundamentals of Cost Accounting
Fundamentals of Cost Accounting
Paper 3 - Fundamentals of Commercial Laws & Ethics
Section A - Fundamentals of Commercial Laws
Indian Contracts Act, 1872
Sale of Goods Act, 1930
Negotiable Instruments Act, 1881
Section B - Fundamentals of Ethics
Ethics and Business
Paper 4 - Fundamentals of Business Mathematics and Statistics (FBMS)
Section A - Fundamentals of Business Mathematics
Section B - Fundamentals of Business Statistics
Statistical Representation of Data
Measures of Central Tendency and Dispersion
Correlation and Regression
CMA Foundation Exam Pattern 2020
Candidates must be familiar with the exam pattern as well as the CMA Foundation syllabus 2020. The exam pattern explains the scheme of the exams. Details like mode of the exam, medium, marks, time duration, etc. Candidates can check all these details in the table below.
CMA Foundation Exam Pattern
Mode of Examination
Offline (Pen and Paper based)
Type of Questions
Objective and Subjective
100 for each paper
3 hours per paper
The exam authorities provide the study material of CMA Foundation on their official website. The study material includes all the topics of the CMA Foundation syllabus 2020. Candidates can download the study material for each paper from the table below. Candidates can click on the link provided below to get more study material like mock tests, question papers, etc.
CMA Foundation Study Material
CMA Foundation Question Papers
ICMAI releases the question papers of CMA Foundation on their website. Once the candidates have completed studying the study material and have covered all the topics of the CMA Foundation syllabus 2020, they can start solving the question papers. Previous years’ CMA Foundation question papers make a great resource for practice while preparations. The download links for the question papers of CMA Foundation 2019 June session have been provided below for the convenience of the candidates.
CMA Foundation Question Papers 2019 (June Session)
Other Relevant Links
Frequently Asked Question (FAQs) - CMA Foundation Syllabus 2020
Question: How many exams are there in CMA Foundation?
There are four papers of CMA Foundation -
Fundamentals of Economics and Management (FEM)
Fundamentals of Accounting (FOA)
Fundamentals of Laws and Ethics (FLE)
Fundamentals of Business Mathematics and Statistics (FBMS)
Question: Are CMA Foundation exams subjective or objective?
The exams include both objective and subjective types of questions.
Question: What are the total marks for CMA Foundation papers?
Each paper of the CMA Foundation holds 100 marks.
Question: Is there any negative marking in CMA Foundation?
No, there is no negative marking in CMA Foundation exams.
Question: Is the syllabus of CMA Foundation and CA Foundation the same?
No, there is a slight difference in both the syllabi. There are some topics that are covered in detail in one and dealt in brief as per the other.