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The Institute of Cost Accountants of India (ICMAI) provides the syllabus of CMA Foundation on its official website - icmai.in. Candidates registered for the exam should refer to the official syllabus before starting their preparation. ICMAI has released the CMA Foundation syllabus which is applicable for June 2024 term. CMA Foundation exam under 2016 syllabus has been discontinued.
Candidates seeking conversion from old syllabus to new syllabus need to pay Rs. 250 for conversion. Details related to the papers covered, topics and subtopics included are mentioned under the syllabus of CMA Foundation 2024. As per the exam dates, ICMAI conducts the CMA Foundation exam twice every year - once in June and then in December.
CMA Foundation syllabus 2022 has been discussed in this article. Read the complete article to know more about CMA Foundation syllabus 2024 June session, topics covered and other related information.
Given in the table below are the CMA Foundation subjects 2024 covered in the syllabus.
Subjects | Marks |
---|---|
Fundamentals of Business Laws and Business Communication | 100 |
Fundamentals of Financial and Cost Accounting | 100 |
Fundamentals of Business Mathematics and Statistics | 100 |
Fundamentals of Business Economics and Management | 100 |
Paper No. | Paper Name | Section | Weight |
---|---|---|---|
1. | Fundamentals of Business Laws and Business Communication | Section A: Fundamentals of Business Laws | 80% |
Section B: Business Communication | 20% | ||
2. | Fundamentals of Financial and Cost Accounting | Section A: Fundamentals of Financial Accounting | 70% |
Section B: Fundamentals of Cost Accounting | 30% | ||
3. | Fundamentals of Business Mathematics and Statistics | Section A: Fundamentals of Business Mathematics | 40% |
Section B: Fundamentals of Business Statistics | 60% | ||
4. | Fundamentals of Business Economics and Management | Section A: Fundamentals of Business Economics | 70% |
Section B: Fundamentals of Management | 30% |
Also, check - CMA Foundation Registration 2024
CMA Foundation Fundamentals Of Business Economics And Management (FBEM) Syllabus - Paper 4 | Module Description | Weight |
Section A: Fundamentals of Business Laws | 80% | |
Introduction | 10% | |
Indian Contracts Act, 1872 | 30% | |
Sale of Goods Act, 1930 | 20% | |
Negotiable Instruments Act,1881 | 20% | |
Section B: Business Communication | 20% | |
Business Communication | 20% |
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)
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
Module no. | Module Description | Weight |
Section A: Fundamentals of Financial Accounting | 70% | |
1. | Accounting Fundamentals | 30% |
2. | Accounting for Special Transactions | 15% |
3. | Preparation of Final Accounts | 25% |
4. | Section B: Fundamentals of Cost Accounting | 30% |
Fundamentals of Cost Accounting | 30% |
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
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)
Module no. | Module Description | Weight |
Section A: Fundamentals of Business Mathematics | 40% | |
1. | Arithmetic | 15% |
2. | Algebra | 20% |
3. | Calculus - Application in Business | 5% |
4. | Section B: Fundamentals of Business Statistics | 60% |
Statistical Representation of Data | 5% | |
5. | Measures of Central Tendency and Dispersion | 15% |
6. | Correlation and Regression | 15% |
7. | Probability | 15% |
8. | Index Numbers and Time Series | 10% |
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)
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
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% |
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
2.1 Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly,
Oligopoly, Monopoly, Monopolistic Competition
2.2 Price Discrimination
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
4.1 PESTEL (Political, Economic, Societal, Technological, Environmental and Legal) Analysis
4.2 Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear of
Unknown and Unprecedentedness)
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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It is essential to refer the official exam pattern along with the CMA foundation syllabus 2024 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.
Particulars | Details |
---|---|
Mode of exam | Offline centre-based mode |
Type of questions | Mcq based questions |
Exam duration | 3 hours |
Total marks | 100 marks per paper |
Number of papers | 4 |
Medium of exam | English |
Marking scheme | No negative marking |
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 2024
There are a total of 4 papers in CMA Foundation. Each paper covers different aspects.
Fundamentals of Cost Accounting section holds 20% weightage in paper 2 of the exam.
ICMAI has released the CMA foundation syllabus 2022 which will be applicable for June 2024 term.
Yes, ICMAI has released the CMA Foundation syllabus 2022 that camee into effect from June 2023 term exam.
Hello aspirant,
The CMA foundation exam question papers are made available on the official website of the Institute of Cost Accountants of India (ICMAI). There are CMA Foundation Question papers available by year. The first level of the Chartered Management Accountancy course is called CMA Foundation. The CMA Foundation Exam is offered in June and December of each year.
To download the previous year cma papers, you can visit our website by clicking on the link given below.
https://finance.careers360.com/articles/cma-foundation-question-paper
Thank you
Hope this information helps you.
Hello,
It usually takes 5-7 days for getting confirmation and the registration number through email. However, if you have still not received any confirmation, I highly recommend you to connect with the support team or the concerned authority regarding this because there might have been some technical issue with the website and it's best to connect with the support team to get the best solution.
Hope this helps,
Thank you
Hello Aspirant,
Hope you are doing well. If you fail the CMA Foundation Exam and are attempting it again you must register for the exam and pay the exam fee again. As long as you retake the exam within the 3 year period, you don't have to pay the program entrance fee again. You only need to retake the exam part that was not cleared.
All the best!
Hi,
I hope you are concerned to CMA (Cost and Management Accountant) Foundation Exam . It is organised by The Institute Of Cost Accountants Of India. The duration of the exam is 3 hours.
To be eligible for the exam, candidate needs to pass class 12/diploma from recognized board . It is going to be conducted on 8th July,2022 , the last date for registration was on 25 Feb 2022 .
Positions that are offered are Consultancy, jobs in PSU and private companies or even you can open your own practice.
I hope it clarifies your doubt.
Thank you!
Hi Candidate,
In order to know about your exam center, you can do the following;
Once the exam centre is located, I suggest you to visit your exam centre at most a day before the examination. It will help you to save time during the exam.
Thank you!
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