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About CMA Foundation 2023
CMA Foundation 2023 December session:The Institute of Cost Management Accountants of India (ICMAI) has released the exam dates of CMA Foundation December 2023 session. CMA Foundation December 2023 exam will be conducted on December 17, 2023 in offline mode at test centres across the country. The CMA Foundation Dec 2023 admit card will be released online tentatively a week before the exam. The last date to apply for CMA Foundation December 2023 was October 17, 2023. CMA Foundation exam is the entry level course for the Cost and Management Accounting consisting of 4 papers.
June 2023 Session - The Institute of Cost Accountants of India (ICMAI) has released the CMA June 2023 exam result in online mode on August 9, 2023. ICMAI had conducted the CMA Foundation 2023 on July 16, 2023. ICMAI had also extended the last date to fill application form till May 16, 2023. Earlier, ICMAI released the CMA Foundation exam aplication form for June 2023 session. The CMA Foundation exam for June session will be conducted on July 16, 2023 in offline centre based mode.
Exemption to CAT Pass out Students for pursuing CMA Course under Syllabus 2022
The ICMAI has announced an exemption for CAT pass-out candidates under CMA Intermediate Course syllabus course. As per the recent notification, such candidates are now exempted from appearing in the Business Laws and Ethics (BLE) paper of CMA Intermediate.
What is the CMA Foundation Exam?
The CMA Foundation exam is the first level of the Certified Management Accountant course and is conducted twice in a year: Once in June and then again in December. The Institute of Cost Accountants of India (ICMAI) conducts the national-level CMA Foundation exam in an offline centre mode.
CMA Foundation Exam Pattern
As per the CMA Foundation paper pattern, the frequency of the exam is twice a year - in June and in December. Candidates can register and fill the exam form for any session as their convenience. There are total 4 papers in CMA Foundation exam. ICMAI has released the CMA foundation syllabus 2022 which will come in effect from June 2023 term. CMA Foundation exam under 2016 syllabus will continue till December 2023 term.
CMA Foundation syllabus 2023 (New syllabus)
Fundamentals of Business Laws and Business Communication
Fundamentals of Financial and Cost Accounting
Fundamentals of Business Mathematics and Statistics
Fundamentals of Business Economics and Management
CMA Foundation syllabus 2023 (Old syllabus)
|Paper – 1||Fundamentals of Economics & Management|
|Paper – 2||Fundamentals of Accounting|
|Paper – 3||Fundamentals of Laws & Ethics|
|Paper – 4||Fundamentals of Business Mathematics & Statistics|
To prepare for the exam, candidates should refer to the official CMA Foundation study material.
Passing Criteria for CMA Foundation
To qualify the CMA Foundation exam, candidates need to secure a minimum of 40% marks in each subject and a total aggregate of 50% in all the papers.
CMA Foundation Rank Holders (December 2020)
|1||EDDE NIKHIL KUMAR REDDY||02171013972|
Pass percentage CMA foundation June 2019
CMA foundation exam June 2019
Pass percentage CMA foundation Dec 2019
CMA foundation exam June 2019
CMA Foundation 2023 Highlights
|Full Exam Name||CMA Foundation|
|Conducting Body||THE INSTITUTE OF COST ACCOUNTANTS OF INDIA|
|Frequency of Conduct||2 times a year|
|Exam Level||National Level Exam|
|Mode of Application||Online|
|Application Fee (General)||6000 Rs [Online]|
|Mode of Exam||Offline|
|Exam Duration||3 Hours|
CMA Foundation 2023 Important Dates
Upcoming Dates and Events
17 Dec, 2023
Exam - Foundation exam date | Mode: Offline
Past Dates and Events
17 Oct, 2023
Application Correction - Last date-December session | Mode: Online
17 Oct, 2023
Last date to fill exam form for December 2023 session | Mode: Online
17 Aug, 2023
Application - Last date to register for December session | Mode: Online
09 Aug, 2023
Result - June session | Mode: Online
16 May, 2023
Application - Last date to fill exam form for June 2023 | Mode: Online
10 Feb, 2023
Application - Last date to fill application form | Mode: Online
CMA Foundation 2023 Eligibility Criteria
The Institute of Cost Accountants of India (ICMAI) prescribes official eligibility criteria of the CMA Foundation exam on its official website. Before filling the application form, candidates should check the official eligibility requirements. Given below CMA Foundation eligibility criteria 2023 can be checked by candidates before they fill the application form-
Should have passed class 10 or equivalent exam from a recognized board or institution
Should have passed the Senior Secondary Examination under the 10+2 scheme of a recognized board or examination recognized by the central government or has passed the National Diploma in commerce examination conducted by AICTE or any State Board of Technical Education under All India Council, or the Diploma in Rural Service examination conducted by the National Council of Higher Education.
Note- Those who are waiting for their final results can also apply on a provisional basis for CMA Foundation exam
Mode of Application : Online
Mode of Payment : Net Banking | Credit Card | Debit Card | NEFT | Other
ICMAI keeps the registration for CMA Foundation open throughout the year. However, candidates need to check the cutoff dates for registration before filling the application form. The cut off date for registration for December session is July 31 of that calendar year and for June session the cut off date for registration is January 31 of that calendar year.
Documents required for registration
1. An attested copy of Class 10 certificate/ marksheet
2. An attested copy of Class 12 certificate/ mark sheet
3. Three passport size photos of the candidate
Steps to register for CMA Foundation Exam 2023:
Step 1 - Visit the official website of ICMAI - icmai.in/studentswebsite
Step 2 - Click on the link "Online Admission"
Step 3 - Select the option "Apply for Foundation" and generate login credentials
Step 4 - Fill the CMA Foundation application form; upload documents and make payment
Step 5 - Download the confirmation receipt and save it for future reference
CMA Foundation Registration Fees 2023:
|Term||Last date to register|
For June term
January 31 of the same calendar year
For December term
July 31 of the same calendar year
ICMAI will closed the CMA Foundation exam application form for December session on October 17, 2023. Candidates desiring to appear for the December session of CMA Foundation examination were required to fill the exam form in online mode.
Inland candidates have to pay exam fees of Rs. 1200, apart from the application and course fees.
|OBC, General||Online||Transgender, Male, Female||₹ 6000|
Fundamentals of economics and management (FEM)-fundamentals of economics
Basic concepts of economics-micro and macro economics
|The fundamentals of economics|
|Utility, wealth, production|
|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)|
|Theory of production (meaning, factors, laws of production-law of variable proportion, laws of returns to scale)|
|Cost of production (concept of costs, short-run and long-run costs, average and marginal costs, total, fixed and variable costs)|
Forms of market
|Pricing strategies in various forms of markets|
Money and banking
|Definition of money, types, features, and functions|
|Definition, functions, utility, principles of banking|
|Commercial banks, central bank|
|Measures of credit control and money market|
Fundamentals of economics and management (FEM)-fundamentals of management
|Introduction, planning, organizing, staffing, leading, control, communication, coordination|
|Concept of power, authority, delegation of authority, responsibility, accountability|
|Leadership and motivation-concept and theories|
|Decision-making-types of decisions, decision-making process|
Fundamentals of accounting (FOA)-fundamentals of financial accounting
|Accounting principles, concepts, and conventions|
|Capital and revenue transactions-capital and revenue expenditures, capital and revenue receipts|
|Double entry system, books of prime entry, subsidiary books, cash book|
|Journal, ledger, trial balance|
|Depreciation-methods (straight line and diminishing balance methods only)|
|Rectification of errors|
|Opening entries, transfer entries, adjustment entries, closing entries|
|Bank reconciliation statements|
Accounting for special transactions
|Bills of exchange (excluding accommodation bill, insolvency)|
|Consignment (cost price, invoice price, commission, and valuation of stock)|
Preparation of final accounts
|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|
|Of a profit making concern (for sole proprietorship concern only): (ii) preparation of trading account, profit and loss account and balance sheet|
|Of a not-for-profit making concern: (i) Preparation of receipts and payments account, (ii) preparation of income and expenditure account|
Fundamentals of accounting (FOA)-fundamentals of cost accounting
Fundamentals of cost accounting
|Meaning, definition, significance of cost accounting, its relationship with financial accounting and management accounting|
|Classification of costs|
|Format of cost sheet|
Fundamentals of laws and ethics (FLE)-fundamentals of commercial laws
Indian contracts act, 1872
|Essential elements of a contract, offer, and acceptance|
|Void and voidable agreements|
|Consideration, legality of object, and consideration|
|Capacity of parties, free consent|
|Quasi contracts, contingent contracts|
|Performance of contracts|
|Discharge of contracts|
|Breach of contract and remedies for breach of contract|
Sale of goods act, 1930
|Transfer of ownership|
|Conditions and warranties|
|Performance of the contract of sale|
|Rights of unpaid vendor|
Negotiable instruments act, 1881
|Negotiable instruments-characteristics of negotiable instruments|
|Definitions of promissory note, bill of exchange, and cheque|
|Differences between promissory note, bill of exchange, and cheque|
|Crossing-meaning, definition, and types of crossing|
Fundamentals of laws and ethics (FLE)-fundamentals of ethics
Ethics and business
|The “seven principles of public life”-selflessness, integrity, objectivity, accountability, openness, honesty and leadership|
|The relationship between ethics and law|
|Ethics in business|
Fundamentals of business mathematics and statistics (FBMS)-fundamentals of business mathematics
|Ratios, variations, and proportions|
|Simple and compound interest|
|Arithmetic progression and geometric progression|
|Indices and logarithms (basic concepts)|
|Permutation and combinations (basic concepts)|
|Quadratic equations (basic concepts)|
Fundamentals of business mathematics and statistics (FBMS)-fundamentals of business statistics
Statistical representation of data
|Diagrammatic representation of data|
|Graphical representation of frequency distribution-histogram, frequency polygon curve, ogive, pie-chart|
Measures of central tendency and dispersion
|Mean, median, mode, mean deviation|
|Range, quartiles, and quartile deviation|
|Coefficient of variation|
|Karl Pearson and Bowley’s coefficient of skewness|
Correlation and regression
|Karl Pearson’s coefficient of correlation|
|Regression lines, regression equations, regression coefficients|
|Independent and dependent events; mutually exclusive events|
|Total and compound probability; Bayes theorem; mathematical expectation|
To prepare for the CMA Foundation exam, candidates should refer to the official study material provided by the institute. The study material provided by ICMAI is available in pdf format and can be downloaded by candidates free of cost. ICMAI does not charge any additional amount for allowing candidates to access the pdf study material.
CMA Foundation Study material
|Fundamentals of Economics and Management|
|Fundamentals of Accounting|
|Fundamentals of Commercial Laws & Ethics|
|Fundamentals of Business Mathematics and Statistics|
CMA Foundation 2023 Exam Pattern
Details related to the CMA Foundation exam mode, duration of the exam, number of papers included, type and number of questions marks, marks allotment and marking scheme is mentioned in the CMA exam pattern. ICMAI prescribes the exam pattern officially for the CMA Foundation exam.
CMA Foundation Exam Pattern 2023
Number of papers
Number of questions
|Marking scheme||2 marks for each correct answer|
|Mode of exam||Offline centre based|
|Type of questions|
The Institute of Cost Accountants of India (ICMAI) will release the CMA Foundation December 2023 admit card in online mode tentatively one week before the exam. The admit card is released for those candidates who have filled the exam application form. It will be mandatory for all candidates to download the admit card and carry the same on the CMA Foundation 2023 exam day.
How to download CMA Foundation admit card-
Go to the official website and click on the download link for admit card
Select the course “Foundation” from the drop-down menu
Enter your CMA Foundation registration number and click on the show status option after entering your registration number
The CMA Foundation admit card will appear on the screen
Download and save a copy for future references
Documents Required at Exam
- CMA Foundation admit card
- Government ID Proof such as Aadhaar card/ pan card/ voter ID card
ICMAI will release the CMA Foundation 2023 result in online mode for December 2023. Earlier, ICMAI released the CMA Foundation result for June session in online mode on August 9, 2023. Candidates can check their results simply by logging into their registered accounts. In case a candidate is not satisfied with the result, he/she can apply for the verification of answer sheets within 30 days of the declaration of the CMA Foundation Result. A verification fee of Rs.250 for each paper is to be paid by candidates.
How to download CMA Foundation result-
Step 1: Visit the official ICMAI website - icmai.in
Step 2: Enter the identification number or registration number and click on "View Result"
Step 3: CMA Foundation result 2023 will appear on the screen
Step 4: Download and save the result for future reference
Passing criteria for CMA Foundation result
To qualify CMA Foundation exam, candidates should secure a minimum of 40% marks in each paper and a total aggregate of 50% in all the papers.
What after qualifying the CMA Foundation exam?
Frequently Asked Questions (FAQs)
Question:Where can I find the CMA Foundation study material for June 2023 exams?
CMA Foundation study material is available on the official website of ICMAI. It is available in pdf format and can be downloaded free of cost.
Question:What is the next level of exam after CMA Foundation?
After qualifying CMA Foundation exam, candidates can register for CMA Intermediate exam which is the second level of Certified Management Accountant course.
Question:What is the CMA Foundation exam application fee?
CMA Foundation exam fee is Rs. 1200. The fees can be paid in online mode.
Question:What is the CMA Foundation registration fee?
Candidates who want to fill the CMA Foundation registration form need to pay the registration fee of Rs. 6000.
Question:How many papers are there in CMA Foundation exam?
As per the CMA Foundation syllabus 2022, there are a total of 4 papers in the exam
Question:What is the paper pattern of CMA Foundation exam 2022?
CMA Foundation is the first level of the Certified Management Accountant course. As per the exam pattern, ICMAI will conduct the CMA Foundation exam in offline centre mode.
Question:Is there any negative marking in CMA Foundation exam?
As per the exam pattern, there is no negative marking in the CMA Foundation exam.
Question:What is the last date to register for CMA Foundation exam December 2023 session?
The last date to fill the CMA Foundation application form for December session exam is August 10, 2023.
Questions related to CMA Foundation
What is the process of admission in Institute of Advanced Research, Gandhinagar?
For admission to the programmes offered by IAR university, a merit list is prepared based on the entrance exam, and candidates are called for interview and counselling. Selection of the candidates is done on the basis of merit including qualifying marks, inetrview score and counselling process.
if i fail in CMA Foundation Exam, and i have to attempt again for exam. Does i have to register again or i have pay registration fees again? or Just i have to pay for Examination form?
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!
now clear 12th from RBSE Rajasthan want to fill form of CMAQQ foundation,
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.
where is the exam center located? and what is the date of exam for December session.?
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.
for CMA course which university is best
Best CMA course offering Colleges in India are listed below.
••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.