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The Institute of Cost Accountants of India (ICMAI) provides the syllabus of CMA Foundation on its official website - icmai.in. Students registered for the exam should refer to the official syllabus before starting their preparation. ICMAI has released the CMA Foundation syllabus which is applicable for June 2024 term. CMA Foundation exam under 2016 syllabus has been discontinued.

CMA Foundation Syllabus & Subjects 2024

  • Paper 1: Fundamentals of Business Laws and Business Communication
  • Paper 2: Fundamentals of Financial and Cost Accounting
  • Paper 3: Fundamentals of Business Mathematics and Statistics
  • Fundamentals of Business Economics and Management

CMA Foundation Syllabus 2024

Paper-1 : Fundamentals of Business Laws and Business Communication

The CMA Foundation Fundamentals of Business Laws and Business Communication syllabus for the exams is as follows:

Section A: Fundamentals of Business Laws
  1. Introduction
  2. Indian Contracts Act, 1872
  3. Sale of Goods Act, 1930
  4. Negotiable Instruments Act,1881
Section B: Business Communication
  1. Business Communication
Paper-2 : Fundamentals of Financial and Cost Accounting

The CMA Foundation syllabus of paper 2 for the exams is as follows:

Section A: Fundamentals of Financial Accounting
  1. Accounting Fundamentals
  2. Accounting for Special Transactions
  3. Preparation of Final Accounts
Section B : Fundamentals of Cost Accounting
  1. Fundamentals of Cost Accounting
Paper-3 : Fundamentals of Business Mathematics and Statistics (FBMS)

The CMA Foundation Fundamentals of Business Mathematics and Statistics (FBMS) syllabus for the exams is as follows.

Section A: Fundamentals of Business Mathematics
  1. Arithmetic
  2. Algebra
  3. Calculus - Application in Business
Section B: Fundamentals of Business Statistics
  1. Statistical Representation of Data
  2. Measures of Central Tendency and Dispersion
  3. Correlation and Regression
  4. Probability
  5. Index Numbers and Time Series
Paper-4: Fundamentals of Business Economics and Management

The CMA Foundation syllabus for the exams in Fundamentals of Business Economics and Management is as follows.

Section A: Fundamentals of Business Economics
  1. Basic Concepts
  2. Forms of Market
  3. Money and Banking
  4. Economic and Business Environment
Section B: Fundamentals of Management
  1. Fundamentals of Management
Course Eligibility :
  • A candidate should have passed Class 10 or equivalent from a recognized Board or Institution; Or,
  • Passed the Senior Secondary School Examination under the 10+2 scheme of a recognized Board or an Examination recognized by the Central Government as equivalent thereto or has passed the National Diploma in Commerce Examination held by the All India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Rural Higher Education.
  • Any Candidate who has passed the Foundation examination conducted by the Institute of Company Secretaries of India will be exempted from Foundation Course & vice versa ; Or,
  • Any Candidate who has passed the Intermediate Examination (by whatever name called) conducted by the Institute of Chartered Accountants of India will be exempted from Foundation Course. Similarly, any candidate who has passed the Intermediate examination will be exempted from Common Proficiency Test (i.e. entry level examination, by whatever name called) conducted by the Institute of Chartered Accountants of India.

Frequently Asked Questions

Ques 1 : How many papers are there in CMA Foundation exam?

Ans : Total of 4 papers are there in CMA Foundation exam. Each paper covers different aspects.

Ques 2 : Which year’s syllabus will be followed in the CMA Foundation 2024 exams?

Ans : ICMAI has released the CMA foundation syllabus 2022 which will be applicable for June 2024 term.

For More details visit icmai.in

CMA Foundation Course