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CMA Foundation

ICAI (Institute of Cost Accountants of India) Foundation Exam is based on multiple choice questions format.Exams are conducted 4 times in a year. CMA Foundation Exams are in the month of April /June/Sep and Dec.

Subjects (Marks Weightage ):

Paper 1.Fundamental of Economics (50%) & Management (50%)
Paper 2.Fundamental of Accounting (60%) & Cost Management(40%)
Paper 3.Fundamentals of Laws - Commercial(70%) , Industrial(20%) & Ethics(10%)
Paper 4.Fundamentals of Business Mathematics (40%)& Statistics (60%)

SectionSl NoChapter
Economics1Basic Concepts of Economics
2Forms of Market
3National Income
6(a)Indian Economy (Overview)
6(b)Infrastructure of Indian Economy
Management7Management Process & Evolution of Management Thought
8Concept of Power, Leadership & Motivation
9Group Dynamics & Management of Organisational Conflict
10Decission Making - Types & Process
SectionSl NoChapter
Accountancy1Theoretical Framework
2Journal to Cash Book
3Contingent Assets to ROE
5Accounts & Payable reconcilation statement
6Stock Reconciliation statement
8Final Account-Sole Prop
9Final Account-Not for Profit
10Final Account-Single Entry
14Sale of Goods on Return & Approval
Cost Accounting1Fundamental of Cost Accounting
2Preparation of Cost statement
3Fundamental of Management Accounting
SectionSl NoChapter
Mercantile Law1 Laws of Contracts
2 Laws relating to Sale of Goods
3Negotiable Instruments Act,1881
4Indian Partnership Act,1932
Industrial Law5Factories Act,1948
6Payment of Wages Act, 1936 and Minimum Wages Act,1948
7The Employees’ State Insurance Act, 1948
8The Child Labour (Prohibition and Regulation)Act, 1986
Ethics Fundamentals of Ethics 
SectionSl NoChapter
Maths1Ratios and Proportions
4Bill Discounting
5Mathematical Reasoning
7Set Theory 
8Truth Tables & Logical Statements
11 Indices, Logarithms
12Permutation and Combinations – basic concepts
13 Equations
 Determinants and Matrices
Statistics1 Statistical representation of Data
2Measures of Central Tendency and Dispersion
3Correlation and Regression
4Index Numbers
5Time Series Analysis- basic applications including Moving Average
7Theoretical Distribution

Exam Format :

MCQ Format, Computer based test.
Four Paper each of 50 Marks .Each question of 1 marks.
To clear the exam Student has to score Minimum 40% marks in each subject and 50% in aggregate.
There are no negative marks.
Foundation exam has 2 sessions Morning and Afternoon. Morning session(10am to 12 Noon) contains paper 1 & 2. Afternoon session (2pm to 4 pm) contains paper 3 & 4 . CMA Foundation exam is Only in New Syllabus 2012

Computer Based Test

CMA Foundation Exam is conducted only through Computer thus replacing Paper & Pencil altogether.
Computer Interface is easy to navigate with each question having 4 options. Students are expected to select the correct option.
Computer Interface is easy user friendly and easy to navigate.Students who know how to use a mouse can smoothly manage the test.However an IT person will be there in the center in case students require any help.


Students who have cleared Class12 Examination from any stream and board which is recognized by Central Govt.
Provisional admission is also available for students who have appeared for Class12 Exam. 

Where are Exam's Conducted

Examination Centres: Adipur-Kachchh(Gujarat), Agartala, Ahmedabad, Akurdi, Allahabad, Asansol, Aurangabad, Bangalore, Baroda, Berhampur(Ganjam), Bhilai, Bhilwara, Bhopal, Bhubaneswar, Bilaspur, Bokaro, Calicut, Chandigarh, Chennai,
Coimbatore, Cuttack, Dehradun, Delhi, Dhanbad, Durgapur, Ernakulam,Erode, Faridabad, Ghaziabad, Guwahati, Hardwar,Hazaribagh, Howrah, Hyderabad, Indore, Jaipur, Jabbalpur, Jalandhar, Jammu, Jamshedpur, Jodhpur, Kalyan, Kannur,
Kanpur, Kolhapur, Kolkata, Kota, Kottayam, Lucknow, Ludhiana, Madurai, Mangalore, Mumbai, Mysore, Nagpur, Naihati, Nasik, Nellore, Neyveli, Noida, Panaji (Goa), Patiala, Patna, Pondicherry,Port Blair, Pune, Rajahmundry, Ranchi, Rourkela,
Salem, Sambalpur, Shillong, Siliguri, Solapur, Srinagar, Surat, Thrissur, Tiruchirapalli,Tirunelveli, Trivandrum, Udaipur, Vapi, Vashi, Vellore, Vijayawada, Vindhyanagar, Waltair and Overseas Centres at Bahrain, Dubai and Muscat.(If no examination centre is available at a particular location, examinees will be accommodated at the nearest Centre available)

How to Apply for examination

Students can apply online through ICAI website
CMA Foundation Fees 

New Updates

CMA Foundation New Course Applicable from Dec2016

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