CMA Foundation Syllabus 2022 - Paper Wise Syllabus, Important Topics
CMA Foundation Syllabus 2022 - 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. Details related to the papers covered, topics and subtopics included are mentioned under the syllabus of CMA Foundation 2022. As per the exam dates, ICMAI conducts the CMA Foundation exam twice every year - once in June and then in December.
Latest Updates for CMA Foundation
- 6 days ago:
ICMAI CMA Foundation June 2022 result declared, to download the scorecard - Click here
- 01 Feb 2022:
CMA Foundation registration last date has been extended till February 10, 2022.
- 18 Jan 2022:
CMA Foundation result 2021 declared for December session, to check scorecard - Click here
Stay up-to date with CMA Foundation News

As per the official CMA Foundation 2022 syllabus, candidates can gain knowledge about four different papers which include fundamentals of economics and management, fundamentals of accounting, fundamentals of law and ethics, fundamentals of business mathematics and statistics.
Papers Covered: CMA Foundation Syllabus 2022
As per the exam pattern of CMA Foundation, candidates have to study four papers; Each belonging to a different subject area. Tabulated below is the list of papers included by ICMAI in the CMA Foundation exam.
CMA Foundation Papers
Papers | Subjects |
Paper 1 | Fundamentals of Economics and Management |
Paper 2 | Fundamentals of Accounting |
Paper 3 | Fundamentals of Laws and Ethics |
Paper 4 | Fundamentals of Business Mathematics & Statistics |
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Comprehensive Syllabus of CMA Foundation
The following tables list down the learning objectives, complete topics and sub-topics that are covered in the syllabus learning aims and examination question.
Paper 1: Fundamentals of Economics and Management (FEM)
Topics | Sub-heads with weightage | Total % |
Section A: Fundamentals of Economics | 1. Basic concepts of Economics (20%) 2. Forms of Market (20%) 3. Money and Banking (10%) | 50% |
Section B: Fundamentals of Management | 4. Management Process (50%) | 50% |
Section A - Sub-topics
1. Basic Concepts of Economics – Micro & Macro Economics
(a) The Fundamentals of Economics
(b) Utility, Wealth, Production
(c) Theory of Demand (meaning, determinants of demand, law of demand, elasticity of demand-price, income and cross elasticity) and Supply (meaning, determinants, law of supply and elasticity of supply)
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(d) Equilibrium
(e) Theory of Production (meaning, factors, laws of production - law of variable proportion, laws of returns to scale)
(f) Cost of Production (concept of costs, short-run and long-run costs, average and marginal costs, total, fixed and variable costs)
2. Forms of Market
(a) Pricing strategies in various forms of markets
3. Money and Banking
(a) Definition of Money, Types, Features and Functions
(b) Definition, functions, utility, principles of Banking
(c) Commercial Banks, Central Bank
(d) Measures of credit control and Money Market
Section B - Sub-topics
4. Management Process
(a) Introduction, planning, organizing, staffing, leading, control, communication, co-ordination
(b) Concept of Power, Authority, Delegation of Authority, Responsibility, Accountability
(c) Leadership & Motivation – Concept & Theories
(d) Decision-making – types of decisions, decision- making process
Paper 2: Fundamentals of Accounting (FOA)
Topics | Sub-heads with weightage | Total % |
Section A: Fundamentals of Financial Accounting | 1. Accounting Fundamentals (35%) 2. Accounting for Special Transactions (20%) 3. Preparation of Final Accounts (25%) | 80% |
Section B: Fundamentals of Cost Accounting | 4. Fundamentals of Cost Accounting (20%) | 20% |
Section A - Fundamentals of Financial Accounting Sub-topics
1. Accounting Fundamentals
(a) Accounting Principles, Concepts and Conventions
(b) Capital and Revenue transactions- capital and revenue expenditures, capital and revenue receipts
(c) Double entry system, Books of prime entry, Subsidiary Books, Cash Book
(d) Journal , Ledger, Trial Balance
(e) Depreciation – Methods (Straight Line and Diminishing Balance methods only)
(f) Rectification of Errors
(g) Opening entries, Transfer entries, Adjustment entries, Closing entries
(h) Bank Reconciliation Statements
2. Accounting for Special Transactions
(a) Bills of Exchange (excluding accommodation bill, insolvency)
(b) Consignment (cost price, invoice price, commission & valuation of stock)
(c) Joint Venture
3. Preparation of Final Accounts
(a) Of a Profit-making concern (for sole proprietorship concern only)
(i) Accounting treatment of bad debts, reserve for bad and doubtful debts, provision for discount on debtors and provision for discount on creditors.
(ii) Preparation of Trading Account, Profit & Loss Account and Balance Sheet.
(b) Of a Not-for-Profit making concern
(i) Preparation of Receipts and Payments Account
(ii) Preparation of Income and Expenditure Account
Section B: Fundamentals of Cost Accounting Sub-topics
4. Fundamentals of Cost Accounting
(a) Meaning, Definition, Significance of Cost Accounting, its relationship with Financial Accounting & Management Accounting.
(b) Classification of Costs
(c) Format of Cost Sheet
Paper 3: Fundamentals of Laws and Ethics (FLE)
Topics | Sub-heads with weightage | Total % |
Section A: Fundamentals of Commercial Laws | 1. Indian Contract Act, 1872 (40%) 2. Sale of Goods Act, 1930 (20%) 3. Negotiable Instruments Act,1881 (10%) | 70% |
Section B: Fundamentals of Ethics | 4. Ethics and Business (30%) | 30% |
Section A: Fundamentals of Commercial Laws
1. Indian Contracts Act, 1872
(a) Essential elements of a contract, offer and acceptance
(b) Void and voidable agreements
(c) Consideration, legality of object and consideration
(d) Capacity of Parties, free consent
(e) Quasi-contracts, Contingent contracts
(f) Performance of contracts
(g) Discharge of contracts
(h) Breach of Contract and Remedies for Breach of Contract
2. Sale of Goods Act, 1930
(a) Definition
(b) Transfer of ownership
(c) Conditions and Warranties
(d) Performance of the Contract of Sale
(e) Rights of Unpaid Vendor
(f) Auction Sales
3. Negotiable Instruments Act, 1881
(a) Negotiable Instruments–Characteristics of Negotiable Instruments
(b) Definitions of Promissory Note, Bill of Exchange and Cheque
(c) Differences between Promissory Note, Bill of Exchange and Cheque
(d) Crossing – Meaning, Definition and Types of Crossing
Section B: Fundamentals of Ethics
4. Ethics and Business
(a) Ethics – Meaning, Importance
(b) The “Seven Principles of Public Life” – Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership
(c) The relationship between Ethics and Law
(d) Ethics in Business
Paper 4: Fundamentals of Business Mathematics and Statistics (FBMS)
Topics | Sub-heads with weightage | Total % |
Section A: Fundamentals of Business Mathematics | 1. Arithmetic (20%) 2. Algebra (20%) | 40% |
Section B: Fundamentals of Business Statistics | 3. Statistical representation of Data (10%) 4. Measures of Central (30%) 5. Tendency and Dispersion (10%) 6.Correlation and Regression 7. Probability (10%) | 60% |
Section A: Fundamentals of Business Mathematics
1. Arithmetic
(a) Ratios, Variations and Proportions
(b) Simple and Compound Interest
(c) Arithmetic Progression and Geometric Progression
2. Algebra
(a) Set Theory
(b) Indices and Logarithms (basic concepts)
(c) Permutation and Combinations (basic concepts)
(d) Quadratic Equations (basic concepts)
Section B: Fundamentals of Business Statistics
3. Statistical Representation of Data
(a) Diagrammatic representation of data
(b) Frequency distribution
(c) Graphical representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart
4. Measures of Central Tendency and Dispersion
(a) Mean, Median, Mode, Mean Deviation
(b) Range, Quartiles and Quartile Deviation
(c) Standard Deviation
(d) Co-efficient of Variation
(e) Karl Pearson and Bowley’s Co-efficient of Skewness
5. Correlation and Regression
(a) Scatter diagram
(b) Karl Pearson’s Coefficient of Correlation
(c) Regression lines, Regression equations, Regression coefficients
6. Probability
(a) Independent and dependent events; Mutually exclusive events
(b) Total and Compound Probability; Baye’s theorem; Mathematical Expectation
Click here to download the CMA Foundation syllabus pdf
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CMA Foundation Exam Pattern 2022
It is essential to refer the official exam pattern along with the CMA Foundation syllabus. 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
Particulars | Details |
Mode of exam | Online home-based mode |
Type of questions | Objective cum descriptive |
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 2022
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.
Frequently Asked Question (FAQs) - CMA Foundation Syllabus 2022 - Paper Wise Syllabus, Important Topics
Question: How many papers are there in CMA Foundation exam?
Answer:
There are a total of 4 papers in CMA Foundation. Each paper covers different aspects.
Question: What is the weightage of Fundamentals of Cost Accounting in Paper 2 of CMA foundation exam?
Answer:
Fundamentals of Cost Accounting section holds 20% weightage in paper 2 of the exam.
Question: Which year’s syllabus will be followed in the CMA Foundation 2022 exams?
Answer:
CMA foundation exam 2022 will follow the 2016 syllabus.
Question: Has ICMAI changed the syllabus of CMA Foundation exam?
Answer:
No, the syllabus is not changed. Candidates have to follow the same syllabus based on 2016.
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Questions related to CMA Foundation
now clear 12th from RBSE Rajasthan want to fill form of CMAQQ foundation,
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!
for CMA course which university is best
Hi aspirant,
Best CMA course offering Colleges in India are listed below.
Siddharth Academy
••Jivkaran Institute of Business Administration
••College of Management and Economic Studies
••Logic School of Management, Kerala
••Sri Medha Junior College, Vijayawada
••Nagarjuna Degree College, Bangalore
••Jivkaran Institute of Business Administration, Anand
••College of Management and Economics Studies, U niversity of Petroleum and Energy Studies, Dehradun
••Government College University
••Indian School of Commerce
••Gandhi Shanti Niketan Mahavidyalaya, Allahabad
Hope this information was helpful to you.
Good Luck!!
cma foundation home based online exam or not?
hey there
hope you doing well
The Institute of Cost Accountants of India (ICMAI) will be conducting the CMA Foundation Exam in Home-Based Mode, but Intermediate and Final Exams will Be conducted in Centre-Based Mode.
However, the mode of Intermediate and Final Exams will be online-center based.
cma foundation june exam online exam or offline exam ?
Hello,
The CMA Foundation exam is conducted in online mode only. The CMA Foundation application form 2022 (June) can be filled from the official website - icmai.in. The last date to register for the CMA Foundation June session exam was January 31, 2021. ICMAI has extended the last date of registration till February 10, 2022. The registration fee is Rs. 6000 which can be paid in two installments. The date of the CMA Foundation exam 2022 (June session) will be notified by ICMAI. Keep an eye on the official website or the link below for the latest information.
https://finance.careers360.com/articles/cma-foundation-registration
CMA foundation 2022 online exam or offline exam
Hi there,
CMA foundation june 2022 exam will be conducted in online mode. Last date of registration for CMA foundation exam for June session was January 31,2022. However ICMAI ,has extended last date of registration of CMA foundation june 2022 exam till February 2022.
Registration fee is 6000 rupess which can be paid via oral or postal mode.
Candidates should check their eligibility before filling application form of CMA foundation exam.
Exam date of CMA foundation june 2022 exam has not been announced yet.
For more details follow this link:
Hope it helps you
For more details follow this link: https://www.google.com/amp/s/finance.careers360.com/articles/cma-foundation-registration/amp
Hope it helps you
Good luck!