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Get UpdatesThe Institute of Cost Management Accountants of India (ICMAI) has opened the CMA Foundation June 2024 registration till January 31, 2024. The CMA Foundation June 2024 exam will be conducted on June 16, 2024. Candidates can register for CMA Foundation June exam from the official website - eicmai.in. The exam will be conducted in offline mode at test centres across the country.
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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.
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.
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.
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.
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 |
| Papers | Subjects |
|---|---|
| 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 .
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.
| 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 |
| Languages | English, Hindi |
| Mode of Application | Online |
| Application Fee (General) | 6000 Rs [Online] |
| Mode of Exam | Offline |
| Exam Duration | 3 Hours |
Upcoming Dates and Events
16 Jun, 2024
Exam - June Session- paper-1, paper-2, paper-3 & paper-4 (syllabus-2022) | Mode: Offline
11 Jul, 2024
Result - June Session | Mode: Online
Past Dates and Events
23 Apr, 2024
Late Fee Application - June session last date (with late fee of Rs.500/-) | Mode: Online
16 Apr, 2024
Application - June Session- last date for receipt of application forms | Mode: Online
Applications for Admissions are open.
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
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
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
| Oral | Postal |
| 6000 | 6000 |
| 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 |
The CMA Foundation exam application form for June 2024 session is currently open. The last date for receipt for CMA Foundation exam form is April 16, 2024. Candidates desiring to appear for the June 2024 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.
| Category | Quota | Mode | Gender | Amount |
|---|---|---|---|---|
| OBC, General | Online | Female, Male, Transgender | ₹ 6000 |
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) |
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 |
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 |
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 |
Accounting for special transactions |
|---|
| Bills of exchange (excluding accommodation bill, insolvency) |
| Consignment (cost price, invoice price, commission, and valuation of stock) |
| Joint venture |
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 cost accounting |
|---|
| Meaning, definition, significance of cost accounting, its relationship with financial accounting and management accounting |
| Classification of costs |
| Format of cost sheet |
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 |
|---|
| Definition |
| Transfer of ownership |
| Conditions and warranties |
| Performance of the contract of sale |
| Rights of unpaid vendor |
| Auction sales |
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 |
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 |
Arithmetic |
|---|
| Ratios, variations, and proportions |
| Simple and compound interest |
| Arithmetic progression and geometric progression |
Algebra |
|---|
| Set theory |
| Indices and logarithms (basic concepts) |
| Permutation and combinations (basic concepts) |
| Quadratic equations (basic concepts) |
Statistical representation of data |
|---|
| Diagrammatic representation of data |
| Frequency distribution |
| 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 |
| Standard deviation |
| Coefficient of variation |
| Karl Pearson and Bowley’s coefficient of skewness |
Correlation and regression |
|---|
| Scatter diagram |
| Karl Pearson’s coefficient of correlation |
| Regression lines, regression equations, regression coefficients |
Probability |
|---|
| Independent and dependent events; mutually exclusive events |
| Total and compound probability; Bayes theorem; mathematical expectation |
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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.
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 |
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.
| Particulars | Details |
Exam format | MCQ |
Total marks | 100/paper |
Number of papers | 4 |
Number of questions | 50 |
| Marking scheme | 2 marks for each correct answer |
| Mode of exam | Offline centre based |
| Negative Marking | No |
| Type of questions | Objective |
The Institute of Cost Accountants of India (ICMAI) will release the CMA Foundation June 2024 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 2024 exam day.
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
ICMAI will declare the CMA Foundation June 2024 result in online mode on July 11, 2024. 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.
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
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.
Successfully qualified candidates can register for the next level of Certified Management Accountant course which is CMA Intermediate .
| Contacts: | 03322528065 |
| +1 More | |
| Relevant Links: | Official Website Link Click Here |
Answer:
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.
Answer:
After qualifying CMA Foundation exam, candidates can register for CMA Intermediate exam which is the second level of Certified Management Accountant course.
Answer:
CMA Foundation exam fee is Rs. 1200. The fees can be paid in online mode.
Answer:
Candidates who want to fill the CMA Foundation registration form need to pay the registration fee of Rs. 6000.
Answer:
As per the CMA Foundation syllabus 2024, there are a total of 4 papers in the exam
Answer:
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.
Answer:
As per the exam pattern, there is no negative marking in the CMA Foundation exam.
Answer:
The last date to fill the CMA Foundation registration June 2024 session is January 31, 2024.
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
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.
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!
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