HomeCommerce ExamsCMA Foundation

CMA Foundation Exam Dec 2024 - Dates (OUT), Exam Form (Out), Registration, Syllabus & Pattern, Preparation Tips

Upcoming Event
CMA Foundation Exam Date : 15 Dec' 2024 - 15 Dec' 2024
Updated on 19th October, 2024 by rashidul.haque

About CMA Foundation 2024

The Institute of Cost Management Accountants of India (ICMAI) has released the CMA Foundation December 2024 exam date. It will conduct CMA Foundation December 2024 on December 15, 2024. The institute has also opened CMA Foundation December 2024 exam form online. Candidates can apply from the official website - icmai.in. The last date to apply is October 15, 2024. Earlier the institute conducted the CMA Foundation June 2024 exam on June 16 ,2024. The CMA Foundation result for June 2024 session was declared on July 11, 2024. 

The CMA Foundation exam is the entry-level course for the Cost and Management Accounting consisting of 4 papers. The CMA Foundation exam is conducted twice every year - June and December. The registration for CMA Foundation is open throughout the year. However, candidates will be required to register before a cut-off date to appear for a specific session.

Exemption to CAT Pass out Students for pursuing CMA Course

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 had released the CMA foundation syllabus 2022 which came in effect from June 2023 term. CMA Foundation exam under 2016 syllabus has been discontinued now.

CMA Foundation syllabus 2024 (New syllabus)

Paper No.


Paper Name


Paper 1

Fundamentals of Business Laws and Business Communication

Paper 2

Fundamentals of Financial and Cost Accounting

Paper 3 

Fundamentals of Business Mathematics and Statistics

Paper 4 

Fundamentals of Business Economics and Management

CMA Foundation Old syllabus

PapersSubjects
Paper – 1Fundamentals of Economics & Management
Paper – 2Fundamentals of Accounting
Paper – 3Fundamentals of Laws & Ethics
Paper – 4Fundamentals 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.

Read more

CMA Foundation 2024 Highlights

Full Exam Name
CMA Foundation
Conducting Body
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
Frequency Of Conduct
Twice a year
Exam Level
National Level Exam
Languages
English +1 more
Mode Of Application
online
Application Fee
Online : 6000
Mode Of Exam
offline
Exam Duration
3 Hours

CMA Foundation Important Dates

CMA Foundation (session 2024)

15 Dec' 2024 - 15 Dec' 2024 . Online
Exam Date
December session - paper-1, paper-2, paper-3 & paper-4 (syllabus-2022)
09 Jan' 2025 - 09 Jan' 2025 . Online
Result Date
December session
16 Apr' 2024 - 16 Apr' 2024 . Online
Application Date
June session - last date for receipt of application forms
23 Apr' 2024 - 23 Apr' 2024 . Online
Late Fee Application Date
June session - last date (with late fee of Rs.500/-)
31 May' 2024 - 31 May' 2024 . Online
Admit Card Date
June session

Read More

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. However, ICMAI has extended the CMA Foundation December 2024 registration till August 10, 2024.

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 2024:

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 2024

OralPostal
60006000

Cutoff Dates

TermLast date to register

For June term 

January 31 of the same calendar year

For December term 

July 31 of the same calendar year

CMA Foundation Exam Form 2024

 The CMA Foundation exam application form for December 2024 session is open. The last date for receipt for CMA Foundation exam form is October 15, 2024. Candidates desiring to appear for the December 2024 session of CMA Foundation examination can fill the exam form from the official website.

Inland candidates have to pay exam fees of Rs. 1500. The fees for overseas candidates is USD 100.

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 2024 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

CMA Foundation Previous Year Sample Papers

Free download CMA Foundation Previous Year Sample Papers

Click Here

Documents Required at Exam CMA Foundation 2024

CMA Foundation 2024

  • CMA Foundation admit card
  • Government ID Proof such as Aadhaar card/ pan card/ voter ID card
KL University B.Com Admissions 2024

A++ Grade by NAAC | Recognized as Category-1 University by UGC | 100% Placement, 60 LPA Highest CTC, 300+ Recruiters

TOEFL ® Registrations 2024

Accepted by more than 11,000 universities in over 150 countries worldwide

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 2024

ParticularsDetails

Exam format

MCQ

Total marks

100/paper

Number of papers

4

Number of questions

50

Marking scheme2 marks for each correct answer
Mode of examOffline centre based
Negative MarkingNo
Type of questions

Objective 


Other Finance Exams

Pearson Test of English Academic
Register now for PTE & Unlock 20% OFF : Use promo code: 'C360SPL20'. Valid till 30th NOV'24! Trusted by 3,500+ universities globally
Test of English as Foreign Language
Accepted by more than 11,000 universities in over 150 countries worldwide

CMA Foundation 2024 Syllabus

CMA Foundation 2024 CMA Foundation 2024

Fundamentals of economics and management (FEM)-fundamentals of economics: Unit 01


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)
  • Equilibrium
  • 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)

Fundamentals of economics and management (FEM)-fundamentals of economics: Unit 02


Forms of market
  • Pricing strategies in various forms of markets

Fundamentals of economics and management (FEM)-fundamentals of economics: Unit 03


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: Unit 01


Management Process
  • 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: Unit 01


Accounting fundamentals
  • 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

Fundamentals of accounting (FOA)-fundamentals of financial accounting: Unit 02


Accounting for special transactions
  • Bills of exchange (excluding accommodation bill, insolvency)
  • Consignment (cost price, invoice price, commission, and valuation of stock)
  • Joint venture

Fundamentals of accounting (FOA)-fundamentals of financial accounting: Unit 03


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: Unit 01


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: Unit 01


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

Fundamentals of laws and ethics (FLE)-fundamentals of commercial laws: Unit 02


Sale of goods act, 1930
  • Definition
  • Transfer of ownership
  • Conditions and warranties
  • Performance of the contract of sale
  • Rights of unpaid vendor
  • Auction sales

Fundamentals of laws and ethics (FLE)-fundamentals of commercial laws: Unit 03


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: Unit 01


Ethics and business
  • Ethics-meaning, importance
  • 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: Unit 01


Arithmetic
  • Ratios, variations, and proportions
  • Simple and compound interest
  • Arithmetic progression and geometric progression

Fundamentals of business mathematics and statistics (FBMS)-fundamentals of business mathematics: Unit 02


Algebra
  • Set theory
  • 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: Unit 01


Statistical representation of data
  • Diagrammatic representation of data
  • Frequency distribution
  • Graphical representation of frequency distribution-histogram, frequency polygon curve, ogive, pie-chart

Fundamentals of business mathematics and statistics (FBMS)-fundamentals of business statistics: Unit 02


Measures of central tendency and dispersion
  • Mean, median, mode, mean deviation
  • Range, quartiles, and quartile deviation
  • Standard deviation
  • Coefficient of variation
  • Karl Pearson and Bowley’s coefficient of skewness

Fundamentals of business mathematics and statistics (FBMS)-fundamentals of business statistics: Unit 03


Correlation and regression
  • Scatter diagram
  • Karl Pearson’s coefficient of correlation
  • Regression lines, regression equations, regression coefficients

Fundamentals of business mathematics and statistics (FBMS)-fundamentals of business statistics: Unit 04


Probability
  • 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

Paper name

Details

Paper 1

Fundamentals of Economics and Management

Paper 2 

Fundamentals of Accounting

Paper 3

Fundamentals of Commercial Laws & Ethics

Paper 4 

Fundamentals of Business Mathematics and Statistics


The Institute of Cost Accountants of India (ICMAI) will issue the CMA Foundation December 2024 admit card in online mode tentatively ten days before the exam. The admit card can be downloaded by 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 2024 exam day. 

How to download CMA Foundation admit card

  1. Go to the official website and click on the download link for admit card

  2. Select the course “Foundation” from the drop-down menu

  3. Enter your CMA Foundation registration number and click on the show status option after entering your registration number

  4. The CMA Foundation admit card will appear on the screen

  5. Download and save a copy for future references                                                                           

ICMAI will declare the CMA Foundation December 2024 result in online mode by January 9, 2025.  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 2024 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?

Successfully qualified candidates can register for the next level of Certified Management Accountant course which is CMA Intermediate.

General Information

Contacts

03322528065 , 9609793616

Relevant Links

Official Website Link Click Here + 1 more
Pearson | PTE

Register now for PTE & Unlock 20% OFF : Use promo code: 'C360SPL20'. Valid till 30th NOV'24! Trusted by 3,500+ universities globally

Frequently Asked Questions

1. Where can I find the CMA Foundation study material for June 2024 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.

2. 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.

3. What is the CMA Foundation exam application fee?

CMA Foundation exam fee is Rs. 1200. The fees can be paid in online mode. 

4. 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.

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

As per the CMA Foundation syllabus 2024, there are a total of 4 papers in the exam

6. What is the paper pattern of CMA Foundation exam 2024?

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. 

7. Is there any negative marking in CMA Foundation exam?

As per the exam pattern, there is no negative marking in the CMA Foundation exam.

8. What is the last date to register for CMA Foundation exam June 2024 session?

The last date to fill the CMA Foundation registration June 2024 session  was January 31, 2024.

Questions related to

Have a question related to ?

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!

View All
Back to top