CMA Foundation is the first level of the CMA course, or the Cost and Management Accounting course, which prepares a student for its subsequent stages. In this blog, students must know the CMA Foundation Syllabus in brief.
ICMAI, or The Institute of Cost and Management Accountants of India, administers CMA Foundation exams nationally. ICMAI conducts the exams twice annually, in June and December. Students who are 12th board-passed from any recognized board can register for the CMA Foundation Course 2024 and pay fees of Rs 6000. After registration, students can begin preparations for the CMA Foundation examinations. However, before you prepare for the exams, you must familiarize yourself with the CMA Foundation Syllabus. This post will cover the syllabus, subjects, study material, exam pattern, and more. So let’s check.
CMA Foundation: Course Highlights
| Particulars | Details |
| Degree | Certification Course |
| Exam Name | CMA Foundation |
| Governing Body | ICMAI |
| Full form | Cost & Management Accounting |
| Number of Papers | 4 |
| Marks | Each Paper 100 marks |
| Mode Of Exam | Offline, Center-based, Objective Questions |
| Negative Marking | No |
| Minimum Eligibility | Candidates cleared class 12th |
| Average Fees | INR 1,00,000 |
| Average Salary | INR 7,00,000 |
CMA Foundation Subjects and Syllabus 2024
For students who are preparing for the upcoming CMA Foundation exams, they must know the CMA Foundation subjects. The 2016 syllabus of the CMA course is discontinued and the 2022 syllabus is in effect. Hence, candidates must ensure that they follow the latest and new syllabus. So the new subjects for the CMA Foundation exam are as follows:
| Paper | Topics |
|---|---|
| Paper 1 | Fundamentals Of Business Laws And Business Communication (FBLC) |
| Paper 2 | Fundamentals Of Financial And Cost Accounting (FFCA) |
| Paper 3 | Fundamentals Of Business Mathematics And Statistics (FBMS) |
| Paper 4 | Fundamentals Of Business Economics And Management (FBEM) |
CMA Foundation New Syllabus and Subjects 2024
As discussed earlier, the CMA Foundation has four subjects in total. These subjects address fundamental topics that serve as a foundation for more complex topics towards the next levels. So these are the subjects and their sub-topics that the students will learn:
| Paper 1- Fundamentals of Business Law and Business Communication | Paper 2 – Fundamentals of Financial and Cost Accounting (FFCA) |
|---|---|
| Introduction | Accounting Fundamentals |
| Indian Contracts Acts, 1872 | Accounting for special transaction |
| Sales of Goods Act, 1930 | Preparation of Final Accounts |
| Negotiable Instruments Act, 1881 | Fundamentals of Cost Accounting |
| Business Communication | – |
| Paper 3- Fundamentals of Business Mathematics and Statistics (FBMS) | Paper 4- Fundamentals of Business Economics and Management (FBEM) |
| Arithmetic | Basic concepts |
| Algebra | Forms of Market |
| Calculus- Application in Business | Money and banking |
| Statistical Representation of Data | Economic and Business Environment |
| Measures of Central Tendency and Dispersion | Fundamentals of Management |
| Correlation and Regression | – |
| Probability | – |
| Index Numbers and Time series | – |
CMA Foundation Exam Pattern 2024
After you have an idea about the CMA Foundation syllabus, now let’s move to understand the CMA Foundation exam pattern 2024. The exam pattern helps students understand what are the type of questions they will expect and accordingly, they will prepare.
We will share both the exam pattern and paper weightage for all the subjects:
CMA Foundation Pattern
| Exam Features | CMA Exam Details |
|---|---|
| Mode of CMA Foundation exam | Offline Centre-Based Test |
| Type of questions in the CMA Foundation exam | Multiple Choice Questions (MCQ) |
| Total marks in each subject paper | 100 |
| Duration of CMA Foundation exam | 120 minutes |
| Number of subject papers | 4 |
CMA Foundation Business Laws Exam Pattern
| Module No. | Module Topics | Weightage |
| Section A: Fundamentals of Business Laws | 80% | |
| 1 | Introduction | 10% |
| 2 | Indian Contracts Act, 1872 | 30% |
| 3 | Sale of Goods Act, 1930 | 20% |
| 4 | Negotiable Instruments Act,1881 | 20% |
| Section B: Business Communication | 20% | |
| 5 | Business Communication | 20% |
CMA Foundation Accounting Paper Pattern
| Module No. | Module Topics | Weightage |
| Section A: Fundamentals of Financial Accounting | 70% | |
| 1 | Accounting Fundamentals | 30% |
| 2 | Accounting for Special Transactions | 15% |
| 3 | Preparation of Final Accounts | 25% |
| Section B: Fundamentals of Cost Accounting | 30% | |
| 4 | Fundamentals of Cost Accounting | 30% |
CMA Foundation Business Mathematics Exam Pattern
| Module No. | Module Topics | Weightage |
| Section A: Fundamentals of Business Mathematics | 40% | |
| 1 | Arithmetic | 15% |
| 2 | Algebra | 20% |
| 3 | Calculus – Application in Business | 5% |
| Section B: Fundamentals of Business Statistics | 30% | |
| 4 | 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% |
CMA Foundation Business Economics Marks Weightage
| Module No. | Module Topics | Weightage |
| 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% |
| Section B: Fundamentals of Management | 30% | |
| 5 | Fundamentals of Management | 30% |
CMA Foundation Study Material 2024
Here is the direct link to access the CMA study material for CMA Foundation exams:
| Topics | Direct Link |
| Fundamentals Of Business Laws And Business Communication (FBLC) | Link |
| Fundamentals Of Financial And Cost Accounting (FFCA) | Link |
| Fundamentals Of Business Mathematics And Statistics (FBMS) | Link |
| Fundamentals Of Business Economics And Management (FBEM) | Link |
CMA Foundation: Registration Fees
The CMA Foundation registration fee is Rs. 6000. Students must pay the registration fees while completing the registration process. They need to pay the fees online by choosing their preferred payment mode. After successful payment, your registration is confirmed and your form will be submitted to the ICMAI.
After paying the registration fees, students also need to complete the CMA exam form before the deadline. Post completing the CMA Foundation exam form, students can be eligible to sit for the exams. They need to pay a fee of Rs. 1200 for this exam form. After that, the admit card will be released before 2 weeks of the exam. Students need to download the admit card as without that they won’t be able to sit for the exams.