CMA Foundation All Details: Syllabus, Eligibility, Admission Process

CMA Foundation All Details: Syllabus, Eligibility, Admission Process

The CMA Foundation exam is a crucial stepping stone for aspiring Cost and Management Accountants in India. It serves as the entry-level examination, providing a comprehensive understanding of the fundamentals in various domains of finance and management. This article covers all essential aspects of the CMA Foundation, including the detailed syllabus, eligibility criteria, admission process, exam pattern, fees, and study material. Whether you’re just beginning your journey or looking for a structured guide to excel in your preparation, this complete overview will equip you with all the necessary information to navigate the CMA Foundation exam successfully.

The CMA Foundation exam is conducted twice a year, in June and December, in an offline mode. Candidates who have passed the class 12th exam are eligible to register for the exam. The registration fee for the CMA Foundation is INR 6,000.

The CMA Foundation syllabus comprises four subjects: Business Laws and Business Communications, Financial and Cost Accounting, Business Mathematics and Statistics, and Business Economics and Management. To pass, candidates must achieve a minimum of 40% in each subject and an overall aggregate of 50% or above.

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CMA Foundation: Course Highlights

Degree Certificate Course
Full Form Cost and Management Accounting (CMA) Foundation
Duration 6 months to 1 year
Minimum Eligibility Passed class 12th exam
Registration Fees INR 6,000
Average Salary INR 7,00,000 (after completing the CMA certification)
Employment Roles Finance Manager, Budget Analyst, Internal Auditor, Financial Analyst, Cost Accountant, etc.
Top Recruiters AT&T, Alcoa, Cargill, Boeing, Bank of America, etc.
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CMA Foundation: Admission Process

To get into the Foundation, candidates are required to follow certain steps. Discussed below are some of the steps that help the candidates to appear for the CMA examination:

  • Eligibility: Candidates can start the CMA Foundation course after completing class 10th or 12th board exams.
  • Enrollment: Candidates need to enroll in the program by providing the required documents, including a class 10th certificate, photographs, class 12th certificate, etc.
  • Examination: To clear the foundation course, candidates need to pass the examination to progress to the next level.

CMA Foundation: Eligibility Criteria

Candidates must be aware of the ICMAI CMA Foundation eligibility criteria. The candidates must check the eligibility criteria before filling up the form. Some of the important eligibility criteria are discussed below for your reference:

  • Citizenship: Candidates must be citizens of India only. Candidates from other nationalities are not eligible.
  • Age Limit: There is no minimum age limit for the program.
  • Educational Qualification:
    • Candidates must have completed class 10th.
    • Candidates must have completed class 12th with a minimum aggregate of 50% or above from a recognized board.
    • Candidates who have completed education from any state board of technical education under the authority of the All India Council, or Diploma in Rural Service Examination conducted by the National Council of Higher Education.
  • Provisional Admission: Candidates waiting for their results can also apply for provisional admission.
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CMA Foundation: Documents Required

There are certain documents that need to be enclosed with the application form. These documents are the following:

  • Attested copy of matriculation certificate
  • Attested copy of 10+2 certificate or marks statement
  • 3 Passport size photos (one pasted on the application form, one pasted on the Identity card and one attached with the application)

CMA Foundation: Application Deadlines

Admission to the foundation course is open throughout the year. It is up to the students when they want to appear. If they want to appear for the June Term Examination, then the candidates must apply before 31st January of the year and for the December term Examination, candidates must apply before 31st July of that year.

Particulars December Cycle June Cycle
Application Period On till 31st July, 2024 On till 1st January, 2025
Exam Date To be Announced To be Announced
Result Declaration To be Announced To be Announced
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CMA Foundation: Syllabus

The syllabus of Foundation comprises 4 subjects. The detailed subjects are discussed below for your reference:

1 Paper: Fundamentals of Business Law and Business Communication

Topics Topics
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

2 Paper: Fundamentals of Financial and Cost Accounting (FFCA)

Accounting Fundamentals
Accounting for special transaction
Preparation of Final Accounts
Fundamentals of Cost Accounting

3 Paper: Fundamentals of Business Mathematics and Statistics (FBMS)

Topics Topics
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
Index Numbers and Time series

4 Paper: Fundamentals of Business Economics and Management (FBEM)

Basic concepts
Forms of Market
Money and banking
Economic and Business Environment
Fundamentals of Management

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CMA Foundation: Exam Pattern

CMA Foundation is the entry-level exam for Cost Accountants. Each paper has a duration of 120 minutes and comprises 4 subjects. The subjects are mentioned below for your reference:

  • Paper 1: Fundamentals of Business Law and Business Communication
  • 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)

The exam pattern of the CMA Foundation is discussed below for your reference:

Mode of Exam Remote Proctored exam from home
Conducting Body Institute of Cost Accountants in India
Types of Questions Multiple Choice Question
Exam Duration 120 Minutes
Total Marks 100
Number of Questions 100
No. of groups 4

CMA: Registration Fees

The Institute of Cost Accountants of India (ICMAI) has released the application for the CMA program. The CMA Foundation fee is paying online and in postal mode.

Candidates can also check the fees on the official website of the ICMAI. The detailed fee structure is given below:

Particulars Amount Remarks
Foundation INR 6000/- Payable on or before 31st January for June term and 31st July for December term for examination
Cost of Prospectus INR 250/-
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CA Foundation Exam Form Fees

Exam Venue Fee Details
India Rs 1,500
Kathmandu, Nepal Rs 2,200
Overseas centre except for Kathmandu $325

CMA 2024 Result

ICMAI will declare the CMA Foundation December 2024 result online after 30 days. Candidates can check their results by logging into their registered accounts.

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Prepare for success in the CMA Foundation exam with ECP’s premier coaching classes. Our experienced faculty and comprehensive study materials ensure that you prepare fully for the December 2024 exam. Benefit from personalized attention, interactive learning, and regular revision classes to enhance your understanding and retention of key concepts. With ECP, you can confidently stride towards your goal of becoming a qualified cost and management accountant. Enroll now and experience the ECP advantage!



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