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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%)

Section Sl No Chapter
Economics 1 Basic Concepts of Economics
2 Forms of Market
3 National Income
4 Money
5 Banking
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
Section Sl No Chapter
Accountancy 1 Theoretical Framework
2 Journal to Cash Book
3 Contingent Assets to ROE
5 Accounts & Payable reconcilation statement
6 Stock Reconciliation statement
7 Depreciation
8 Final Account-Sole Prop
9 Final Account-Not for Profit
10 Final Account-Single Entry
11 BOE
12 Consignment
13 JV
14 Sale of Goods on Return & Approval
Cost Accounting 1 Fundamental of Cost Accounting
2 Preparation of Cost statement
3 Fundamental of Management Accounting
Section Sl No Chapter
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 
Section Sl No Chapter
Maths 1 Ratios and Proportions
2 Averages
3 Interest
4 Bill Discounting
5 Mathematical Reasoning
7 Set Theory 
8 Truth Tables & Logical Statements
9 Inequalities
10 Variation,
11  Indices, Logarithms
12 Permutation and Combinations – basic concepts
13  Equations
  Determinants and Matrices
14 Functions
15 Limits
16 Continuity
17 Derivatives
Statistics 1  Statistical representation of Data
2 Measures of Central Tendency and Dispersion
3 Correlation and Regression
4 Index Numbers
5 Time Series Analysis- basic applications including Moving Average
6 Probability
7 Theoretical 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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