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%)
|Economics||1||Basic Concepts of Economics|
|2||Forms of Market|
|6(a)||Indian Economy (Overview)|
|6(b)||Infrastructure of Indian Economy|
|Management||7||Management Process & Evolution of Management Thought|
|8||Concept of Power, Leadership & Motivation|
|9||Group Dynamics & Management of Organisational Conflict|
|10||Decission Making - Types & Process|
|2||Journal to Cash Book|
|3||Contingent Assets to ROE|
|5||Accounts & Payable reconcilation statement|
|6||Stock Reconciliation statement|
|8||Final Account-Sole Prop|
|9||Final Account-Not for Profit|
|10||Final Account-Single Entry|
|14||Sale of Goods on Return & Approval|
|Cost Accounting||1||Fundamental of Cost Accounting|
|2||Preparation of Cost statement|
|3||Fundamental of Management Accounting|
|Mercantile Law||1||Laws of Contracts|
|2||Laws relating to Sale of Goods|
|3||Negotiable Instruments Act,1881|
|4||Indian Partnership Act,1932|
|Industrial Law||5||Factories Act,1948|
|6||Payment of Wages Act, 1936 and Minimum Wages Act,1948|
|7||The Employees’ State Insurance Act, 1948|
|8||The Child Labour (Prohibition and Regulation)Act, 1986|
|Ethics||Fundamentals of Ethics|
|Maths||1||Ratios and Proportions|
|8||Truth Tables & Logical Statements|
|12||Permutation and Combinations – basic concepts|
|Determinants and Matrices|
|Statistics||1||Statistical representation of Data|
|2||Measures of Central Tendency and Dispersion|
|3||Correlation and Regression|
|5||Time Series Analysis- basic applications including Moving Average|
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)