CMA Foundation Course

The CMA Foundation is the first step in the CMA course, leading students to the second stage. It is a national-level exam conducted by ICMAI (The Institute of Cost and Management Accountants of India) twice a year in June and December. The exam is now held offline.

Any student who has passed their 12th board exam from a recognized board can register for the CMA Foundation Course 2023 by paying a fee of Rs.6000. Once registered, students can begin preparing for the foundation exams. The CMA Foundation syllabus includes 4 subjects:

  1. Business Laws and Business Communication
  2. Financial and Cost Accounting
  3. Business Mathematics and Statistics
  4. Business Economics and Management

To clear the CMA Foundation exams, students need a minimum of 40% marks in each subject and an aggregate of 50% overall to qualify for the CMA Intermediate Course.

This comprehensive guide provides all the information you need, including eligibility, registration, syllabus, exam application form, fees, exam pattern, dates, admit card, result, and more. Embark on your journey towards a successful CMA career with this valuable resource!

CMA Foundation Course 2023 – Important Dates

Candidates appearing for the CMA Foundation 2023 exam should take note of the important dates mentioned in the table below:

Events Dates
Registration For CMA Foundation Open
Last date to fill the registration form July 31, 2023
Availability of exam form October 2023
Release of admit card November 2023
CMA Foundation exam date December 2023

In addition to this, registration for the CMA Foundation course is always open. For those aiming to appear in the June attempt, the registration form must be filled out by Jan 31. Keep an eye out for the upcoming CMA exam dates for the December 2023 attempt, which will be issued by ICMAI soon. Prepare well and best of luck for your exams!

Register NowCMA Foundation Coaching for December 2023

CMA Foundation Eligibility 2023

Before proceeding with the CMA Foundation Registration Form, it’s crucial for students to ensure they meet the eligibility criteria set by ICMAI. Fulfilling these criteria is essential as failing to do so may result in the examination not being considered. The major eligibility criteria include:

  1. The candidate must have passed class 10 or an equivalent examination from a recognized board.
  2. Candidates should have cleared the senior secondary exam under the 10+2 scheme from a recognized board.
  3. Alternatively, candidates should have passed the National Diploma in Commerce exams conducted by AICTE or any other recognized body under the All India Council.
  4. Students who are awaiting their class 12th or equivalent exam results are also eligible for provisional registration in the CMA Foundation course.

How To Register for the CMA Foundation Course?

To appear in the CMA Foundation exam, it’s essential for all students to complete their registration process. You can do this by following the simple steps provided below:

  1. Visit the official website of ICMAI and click on the CMA Foundation registration tab.
  2. Fill in all the required details as asked and click on the save and continue button.
  3. Upload scanned copies of all the necessary documents and click on the submit button.
  4. Proceed to make the payment for your chosen course through the online payment method.
  5. After successful registration, take a printout of the registration form for future reference.

Documents required for CMA Foundation Registration

  • Passport-sized photo
  • Signature of candidate
  • Class 10th Marksheet
  • Class 12th Marksheet

CMA Foundation Registration Fees

The registration fee for the CMA Foundation course is Rs. 6000. You can conveniently pay this fee online through various methods like net banking, debit/credit cards, or IDBI bank challan. Alternatively, you can also make the payment through postal mode.

Once the payment is successfully made, your registration form will be submitted to the ICMAI, and your application for the CMA Foundation course will be confirmed.

Total CMA Foundation Fees

Particulars Amount
CMA Foundation Fees Rs. 6000

*Note – Please ensure that the fees are paid before 31st January for the June exams and 31st July for the December exams to avoid any last-minute hassles.

The examination fee for the CMA Foundation Course is INR 1200 for Indian students and US $60 for overseas centers. To make the payment of the examination fee, candidates can conveniently use online modes such as Credit/Debit cards or net banking. This hassle-free process allows you to complete the payment easily and focus on your exam preparation with a stress-free mind.

CMA Foundation Syllabus

Certainly! Here is the list of subjects along with the topics included in the CMA Foundation course syllabus:

Fundamentals of Economics and Management:

  • Introduction to Economics
  • Laws of Demand and Supply
  • Forms of Market and Price Determination
  • National Income and Related Aggregates
  • Money and Banking
  • Management Concepts
  • Planning and Organizing
  • Staffing and Directing
  • Controlling and Decision Making


  • Introduction to Accounting
  • Accounting Process
  • Bank Reconciliation Statement
  • Inventories
  • Concept and Accounting of Depreciation
  • Accounting for Special Transactions
  • Final Accounts
  • Accounting for Non-Profit Organizations
  • Introduction to Company Accounts

Fundamentals of Laws and Ethics:

  • Indian Contract Act, 1872
  • Sale of Goods Act, 1930
  • Indian Partnership Act, 1932
  • Negotiable Instruments Act, 1881
  • Basics of Ethics

Business Mathematics and Statistics:

  • Arithmetic
  • Algebra
  • Calculus
  • Permutations and Combinations
  • Measures of Central Tendency and Dispersion
  • Correlation and Regression
  • Probability and Expected Value
  • Theoretical Distributions

CMA Foundation Study Material

To excel in the CMA examination, one must put in dedicated hard work and maintain proper focus. Sticking to the ICMAI syllabus is crucial, and the study material provided by the institute holds great importance. The CMA Foundation study material and modules are valuable resources for preparation.

In addition, candidates should take advantage of test series and previous year’s question papers, as they serve as excellent revision and practice guides. To access study material and mock test papers for the CMA Foundation course, students can conveniently download them from the ICMAI official website.

Here are the subject’s study material covered in the CMA Foundation course:

CMA Foundation Exam Pattern and Marks Weightage

To excel in the CMA Foundation exams, it’s essential for candidates to be familiar with the exam pattern set by ICMAI. Understanding the CMA Foundation exam pattern will provide insights into the weightage given to each subject in the syllabus. Below is a comprehensive table detailing the CMA Foundation exam pattern:

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%

Accounting Exam 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%

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 60%
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%

Business Economics Exam Pattern

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 Exam Form

Welcome to the hassle-free process of applying for the ICMAI CMA Foundation course! Here’s a step-by-step guide to ensure a smooth application:

  1. Visit the official ICMAI website,, and click on the “Students” tab from the menu bar.
  2. Find the “Admission” link in the menu bar and select the online admission option on the left side of the page.
  3. Click on “Apply for Foundation Course.” The application for CMA Foundation is currently open, and you’ll be directed to a new page.
  4. Fill in all the required information, such as email ID, coaching type, registration type, and qualification. You’ll receive a one-time password on your registered mobile number for verification.
  5. Use the login credentials to log in and proceed with filling out your CMA Foundation exam application form for June 2023. Enter all the necessary details and verify the information before clicking on “Save and Next.”
  6. Upload the required documents to the portal. Essential documents include identity proof, class 10 mark sheet, class 12 mark sheet, and age proof in scanned mode.
  7. Once you’ve successfully uploaded the documents, proceed to make the required fee payment through online mode. After a successful payment, you’ll receive a confirmation receipt. Keep the receipt copy handy for future reference.

CMA Foundation Admit Card for June 2023

Getting the CMA Foundation admit card for 2023 is a breeze! Just follow these simple steps:

  1. Visit the ICMAI website.
  2. Click on the “Admit Card” section.
  3. Select the exam you are appearing for (CMA Foundation).
  4. Enter your registration number.
  5. Download your admit card from the portal.

Here are some important points to keep in mind while downloading your admit card:

  • Remember, the CMA Foundation admit card is available online only.
  • Make sure to have your registration number handy to access the admit card.
  • Once you download the admit card, take a printout of the whole document.
  • Double-check all your basic details, including timings, candidate name, exam center, registration number, etc., for accuracy.

With your admit card in hand, you’re all set for the CMA Foundation exam. Make sure to keep it safe and don’t forget to carry it to the examination center along with a valid ID proof. Best of luck for your exams!

CMA Foundation Result

Once the ICMAI Council announces the CMA Foundation examination results, candidates can follow these simple steps to check their results:

  1. Visit the official website of ICMAI.
  2. Download the CMA Foundation report card from the website.
  3. Please note that ICMAI does not send any hard copies of the report card via mail.
  4. The mark sheet downloaded from the ICMAI website is considered the authentic document for CMA Intermediate registration.
  5. Candidates who successfully clear the CMA Foundation course will receive a pass certificate or a Rank certificate from ICMAI.

Make sure to keep a copy of your report card and certificates safely for future references.

Procedure to Check CMA Foundation Result

To check your ICMAI CMA Foundation exam results, follow these simple steps:

  1. Visit the official website of ICMAI.
  2. Click on the “Examination” section.
  3. Open the “Result” tab from the dropdown menu.
  4. Select the exam for which you have appeared (CMA Foundation).
  5. Enter your identification number.
  6. View your result and check your scores.
  7. You can also save the result for future reference.

How to Get an Exemption in CMA Foundation Exam?

To be eligible for exemption in the CMA Foundation exam, candidates must meet the following criteria:

  1. Possess a valid identification number provided by the ICMAI.
  2. Not be debarred from registering for the CMA Foundation Course by the ICMAI institute.
  3. Fill out the examination form within the specified time and submit the required fees as fixed by the ICMAI council.

What to Do After CMA?

The CMA Foundation course is the stepping stone to CMA Intermediate, the second stage of the CMA examination. By successfully completing all the exams, you open the doors to top-level management jobs, presenting you with exciting career opportunities. After becoming a CMA, you can apply for prestigious job positions such as Cost Accountant, Financial Controller, Finance Manager, Financial Analyst, Corporate Controller, Chief Investment Officer, and Chief Financial Officer.

Upon landing a job as a CMA, you can expect a starting package of 7 lakhs per annum. However, with your individual skills and expertise, this amount can soar up to 20 lakhs per annum. Hence, the CMA Foundation course is a crucial step for all aspiring candidates. Proper preparation, staying updated on exam dates and syllabus, and dedication are essential for success in the CMA Foundation exam. Embrace this opportunity and pave the way for a rewarding and fulfilling career in the world of finance and management.

Frequently Asked Questions (FAQs)

Q1. How to study for the CMA Foundation Course?

Ans. To clear the CMA Foundation exam in your first attempt, follow these tips: Understand the syllabus thoroughly, create a study timetable, regularly solve question papers, and stay focused and consistent in your preparation.

Q2. What are the eligibility criteria to appear in the CMA Foundation exam?

Ans. Students who have passed the class 12th board exam from any recognized board are eligible to appear in the CMA Foundation exam.

Q3. How will I get the CMA Foundation syllabus and study materials?

Ans. After registration, you can order the ICMAI CMA Foundation module, which will be delivered to you via post. Additionally, you can download the CMA Foundation syllabus from the ICMAI official website.

Q4. What are the subjects in CMA Foundation?

Ans. The CMA Foundation exam consists of four subjects: Economics and Management, Accounting, Laws and Ethics, and Fundamentals of Business Mathematics & Statistics.

Q5. What are the minimum marks one must obtain to pass the CMA Foundation exam?

Ans. To pass the CMA Foundation exam, you need an aggregate of 50%, i.e., 200 out of 400 marks, with a minimum of 40% marks in each subject.


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