CMA Foundation Syllabus | CMA Foundation Subjects | ICMAI Foundation Syllabus. The Institute of Cost Accountants of India conducts CMA Foundation Exams two times in a year in the months of June and December. In our previous article we had provided CMA Foundation Course Details. In this article you will get the CMA Foundation Syllabus Details.
Even though the language used in ICAI (The Institute of Cost Accountants of India) CMA Foundation Study Material is little difficult when compared to the study materials distributed by private coaching centres, examiners only encourage such good vocabulary in the exams. Now you can scroll down and check complete details regarding “CMA Foundation Syllabus| CMA Foundation Subjects | ICMAI Foundation Syllabus”
CMA Foundation Subjects
Paper 1 Fundamentals of Economics and Management (FEM)
Paper 2 Fundamentals of Accounting (FOA)
Paper 3 Fundamentals of Laws and Ethics (FLE)
Paper 4 Fundamentals of Business Mathematics & Statistics (FBMS)
CMA Foundation Syllabus
Now we are providing ICMAI CMA Foundation syllabus PDF format. Click below links to download CMA Foundation Syllabus.
Paper 1 Fundamentals of Economics and Management
Paper 2 Fundamentals of Accounting
Paper 3 Fundamentals of Laws and Ethics
Paper 4 Fundamentals of Business Mathematics & Statistics
CMA Foundation Syllabus Summary
Note: Subjects related to provisions of law / applicable statutes shall be read with amendments made from time to time.
CMA Foundation Syllabus Content
Following are the contents of syllabus-2016 for CMA Foundation Course under which the first exam shall be conducted in June 2017. Follow us on Facebook & Instagram also subscribe to our free mailing list & YouTube channel.
CMA Foundation Syllabus Paper 1 Fundamentals of Economics and Management (FEM)
There are two sections in paper-1 viz. A) Fundamentals of Economics and B) Fundamentals of Management. Each of them carries 50% weightage.
|Section A: Fundamentals of Economics|
|1. Basic concepts of Economics||20%|
|2. Forms of Market||20%|
|3. Money and Banking||10%|
|Section B: Fundamentals of Management|
|4. Management Process||50%|
Section A (Fundamentals of Economics):
In this section there are mainly three topics which has been explained in detail hereunder.
1. Basic Concepts of Economics – Micro & Macro Economics (20 Marks)
(a) The Fundamentals of Economics
(b) Utility, Wealth, Production
(c) Theory of Demand (meaning, determinants of demand, law of demand, elasticity of demand price, income and cross elasticity) and Supply (meaning, determinants, law of supply and elasticity of supply)
(e) Theory of Production (meaning, factors, laws of production- law of variable proportion, laws of returns to scale)
(f) Cost of Production (concept of costs, short-run and long-run costs, average and marginal costs, total, fixed and variable costs)
2. Forms of Market (20 Marks)
Pricing strategies in various forms of markets
3. Money and Banking (10 Marks)
(a) Definition of Money, Types, Features and Functions
(b) Definition, functions, utility, principles of Banking
(c) Commercial Banks, Central Bank
(d) Measures of credit control and Money Market
Section B (Fundamentals of Management):
In this section there are only one topic which has been explained in detail hereunder.
4. Management Process (50 Marks)
(a) Introduction, planning, organizing, staffing, leading, control, communication, co-ordination
(b) Concept of Power, Authority, Delegation of Authority, Responsibility, Accountability
(c) Leadership & Motivation – Concept & Theories
(d) Decision-making – types of decisions, decision-making process.
CMA Foundation Syllabus Paper 2 Fundamentals of Accounting (FOA)
There are two sections in paper-1 viz. A) Fundamentals of Financial Accounting B) Fundamentals of Cost Accounting. The first section carries 80% weightage whereas the second section carries the balance 20% weightage
|Section A: Fundamentals of Financial Accounting|
|1. Accounting Fundamentals||35%|
|2. Accounting for Special Transactions||20%|
|3. Preparation of Final Accounts||25%|
|Section B: Fundamentals of Cost Accounting|
|4. Fundamentals of Cost Accounting||20%|
Section A (Fundamentals of Financial Accounting):
This section is very important for the second paper of CMA foundation course as it carries 80% weightage. The detail contents have been explained below.
1. Accounting Basics (35 Marks)
(a) Accounting Principles, Concepts and Conventions
(b) Capital and Revenue transactions – capital and revenue expenditures, capital and revenue receipts
(c) Double entry system, Books of prime entry, Subsidiary Books, Cash Book
(d) Journal, Ledger, Trial Balance
(e) Depreciation – Methods (Straight Line and Diminishing Balance methods only)
(f) Rectification of Errors
(g) Opening entries, Transfer entries, Adjustment entries, Closing entries
(h) Bank Reconciliation Statements
2. Accounting for Special Transactions (20 Marks)
(a) Bills of Exchange (excluding accommodation bill, insolvency)
(b) Consignment (cost price, invoice price, commission & valuation of stock)
(c) Joint Venture
3. Preparation of Final Accounts (25 Marks)
(a) Of a Profit making concern (for sole proprietorship concern only)
(i) Accounting treatment of bad debts, reserve for bad and doubtful debts, provision for discount on debtors and provision for discount on creditors.
(ii) Preparation of Trading Account, Profit & Loss Account and Balance Sheet.
(b) Of a Not-for- Profit making concern
(i) Preparation of Receipts and Payments Account
(ii) Preparation of Income and Expenditure Account
Section B (Fundamentals of Cost Accounting):
Only one main topic is covered under this section which itself carries 20% weightage. The contents have been explained under.
4. Fundamentals of Cost Accounting (20 Marks)
(a) Meaning, Definition, Significance of Cost Accounting, its relationship with Financial Accounting & Management Accounting.
(b) Classification of Costs
(c) Format of Cost Sheet
CMA Foundation Syllabus Paper 3 Fundamentals of Laws and Ethics (FLE)
There are two sections in paper-1 viz. A) Fundamentals of Commercial Laws B) Fundamentals of Ethics. The first section carries 70% weightage whereas the second section carries the balance 30% weightage.
|Section A: Fundamentals of Commercial Laws|
|1. Indian Contracts Act, 1872||40%|
|2. Sale of Goods Act, 1930||20%|
|3. Negotiable Instruments Act, 1881||10%|
|Section B: Fundamentals of Ethics|
|4. Ethics and Business||30%|
Section A (Fundamentals of Commercial and Industrial Laws):
Section A of paper-3 of CMA Foundation course contains three topics which are site below in detail.
1. Indian Contracts Act, 1872 (40 Marks)
(a) Essential elements of a contract, offer and acceptance
(b) Void and voidable agreements
(c) Consideration, legality of object and consideration
(d) Capacity of Parties, free consent
(e) Quasi Contracts, Contingent Contracts
(f) Performance of contracts
(g) Discharge of contracts
(h) Breach of Contract and Remedies for Breach of Contract
2. Sale of Goods Act, 1930 (20 Marks)
(b) Transfer of ownership
(c) Conditions and Warranties
(d) Performance of the Contract of Sale
(e) Rights of Unpaid Vendor
(f) Auction Sales
3. Negotiable Instruments Act, 1881 (10 Marks)
(a) Negotiable Instruments –Characteristics of Negotiable Instruments
(b) Definitions of Promissory Note, Bill of Exchange and Cheque
(c) Differences between Promissory Note, Bill of exchange and Cheque
(d) Crossing – Meaning, Definition and Types of Crossing.
Section B (Fundamentals of Ethics):
In this section there is only one topic of which the detail contents have been explained hereunder.
4. Ethics and Business (30 Marks)
(a) Ethics – Meaning, Importance
(b) The “Seven Principles of Public Life” – selflessness, integrity, objectivity, accountability, openness, honesty and leadership
(c) The relationship between Ethics and Law
(d) Ethics in Business
CMA Foundation Syllabus Paper 4 Fundamentals of Business Mathematics and Statistics (FBMS)
There are two sections in paper-1 viz. A) Fundamentals of Business Mathematics B) Fundamentals of Business Statistics. The first section carries only 40% weightage whereas the second section carries 60% weightage.
|Section A: Fundamentals of Business Mathematics|
|Section B: Fundamentals of Business Statistics|
|3. Statistical representation of Data||10%|
|4. Measures of Central Tendency and Dispersion||30%|
|5. Correlation and Regression||10%|
Section A (Fundamentals of Business Mathematics):
There are only two topics covered in the section A of Paper-4 of CMA Foundation Course syllabus.
1. Arithmetic (20 Marks)
(a) Ratios, Variations and Proportions
(b) Simple and Compound interest
(c) Arithmetic Progression and Geometric Progression.
2. Algebra (20Marks)
(a) Set Theory
(b) Indices and Logarithms (basic concepts)
(c) Permutation and Combinations (basic concepts)
(d) Quadratic Equations (basic concepts)
Section B (Fundamentals of Business Statistics):
Section B of Paper-4 of CMA Foundation Course discussed six topics in detail as sited below.
3. Statistical Representation of Data (10 Marks)
(a) Diagrammatic representation of data
(b) Frequency distribution
(c) Graphical representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart
4. Measures of Central Tendency and Dispersion (30 Marks)
(a) Mean, Median, Mode, Mean Deviation
(b) Range, Quartiles and Quartile Deviation
(c) Standard Deviation
(d) Co-efficient of Variation
(e) Karl Pearson and Bowley’s Co-efficient of Skewness
5. Correlation and Regression (10 Marks)
(a) Scatter diagram
(b) Karl Pearson’s Coefficient of Correlation
(c) Regression lines, Regression equations, Regression coefficients
6. Probability (10 Marks)
(a) Independent and dependent events; Mutually exclusive events
(b) Total and Compound Probability; Baye’s theorem; Mathematical Expectation
CMA Foundation Syllabus Passing Marks (Qualifying Criteria)
To pass CMA Foundation Exam your aggregate marks must be 50% which means 200 out of 400 marks and you need 40% marks in each paper that is minimum 40 marks out of 100 marks in each paper.
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How to Download CMA Foundation Syllabus / Study Material
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CMA Foundation Syllabus – Conclusion
For the Examination point of view these Study Material are very Important. Every CMA Foundation Ranker has revealed that Institute Modules are the best and one should complete these materials first then refer other books for practice purpose only. In CMA Foundation Exams most of the questions are asked from the study material only. So follow the Study material only. Hope these Study Materials will help you for the Examination.
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