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CMA Foundation Syllabus 2024 - Paper Wise Syllabus, Important Topics

CMA Foundation Syllabus 2024 - Paper Wise Syllabus, Important Topics

Edited By Team Careers360 | Updated on Feb 16, 2024 02:43 PM IST | #CMA Foundation

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.

CMA Subjects 2024

Given in the table below are the CMA Foundation subjects 2024 covered in the syllabus.

SubjectsMarks
Fundamentals of Business Laws and Business Communication100

Fundamentals of Financial and Cost Accounting


100

Fundamentals of Business Mathematics and Statistics


100

Fundamentals of Business Economics and Management


100
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CMA Foundation New Syllabus 2024

Paper No.Paper NameSectionWeight

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%

CMA Foundation Previous Year Sample Papers
Free download CMA Foundation Previous Year Sample Papers
Click Here

Also, check - CMA Foundation Registration 2024

Comprehensive CMA Foundation New syllabus

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

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%

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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

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%

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

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%

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 2024

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.

CMA Foundation Exam Pattern June 2024

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

CMA Foundation Study Material 2024

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

Frequently Asked Question (FAQs)

1. How many papers are there in CMA Foundation exam?

There are a total of 4 papers in CMA Foundation. Each paper covers different aspects.

2. What is the weightage of Fundamentals of Cost Accounting in Paper 2 of CMA foundation exam?

Fundamentals of Cost Accounting section holds 20% weightage in paper 2 of the exam.

3. Which year’s syllabus will be followed in the CMA Foundation 2024 exams?

ICMAI has released the CMA foundation syllabus 2022 which will be applicable for June 2024 term.

4. Has ICMAI changed the syllabus of CMA Foundation exam?

Yes, ICMAI has released the CMA Foundation syllabus 2022 that camee into effect from June 2023 term exam.

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Questions related to CMA Foundation

Have a question related to CMA Foundation ?

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;

  • Observe at your admit card. There should be mentioned about your exam centre location.
  • If it is not mentioned, then there might be some portal in organization website. Login to your portal and observe if there is an option to locate your exam centre.
  • If not, I strongly suggest you to contact the organization helpline as it might be a bug for your admit card. You can also ask your friends if they are facing the same issue.

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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