CMA Foundation Accounts Coaching in Pune
Build a rock-solid accounting foundation with Pune’s most trusted CMA coaching institute. Concept-first teaching, ICMAI-aligned material, and a proven track record of first-attempt results.
What CMA Foundation Accounts Actually Covers
Paper 2 of the CMA Foundation exam — officially called Fundamentals of Financial and Cost Accounting — is a 100-mark paper that covers two broad areas: financial accounting principles and an introduction to cost accounting. ICMAI has designed this paper to test both conceptual understanding and problem-solving ability.
Here is what you will study:
Section A: Fundamentals of Financial Accounting
Module 1: Accounting Fundamentals
- Understanding of Accounting Frameworks (Conceptual, Legal, Institutional, Regulatory) & Forms of Organisation
- Accounting Principles, Concepts and Conventions
- Capital & Revenue Transactions (Capital/Revenue Expenditure and Receipts)
- Journal (Day Books) (Opening, Transfer, Closing, Adjustment & Rectification Entries)
- Accounting Cycle (Chart of Accounts, Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books, Finalisation of Accounts)
- Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement
- Trial Balance
- Adjustment Entries & Rectification of Errors
- Depreciation (Straight Line & Diminishing Balance Methods)
- Bad Debts & Provision for Doubtful Debts
Module 2: Accounting for Special Transactions
- Consignment
- Joint Venture
- Bills of Exchange (excluding Accommodation Bill & Insolvency)
Module 3: Preparation of Final Accounts
- Financial Statements of Sole Proprietorship (Income Statement & Balance Sheet)
- Financial Statements of Not-for-Profit Organisations Receipts & Payments Account Income & Expenditure Account Balance Sheet
Section B: Fundamentals of Cost Accounting
Module 4: Fundamentals of Cost Accounting
- Meaning, Definition & Significance of Cost Accounting (and its relationship with Financial Accounting)
- Application of Cost Accounting in Business Decisions
- Classification of Costs (as per Cost Accounting Standard 1)
- Ascertainment of Cost & Preparation of Cost Sheet (Statement of Cost and Profit)
Why This Subject Trips Up So Many CMA Foundation Students
It is not a lack of intelligence. In more than a decade of coaching CMA students, we have seen that the biggest challenge in CMA Foundation Accounts is the gap between school-level commerce and professional-level accounting. School teaches you what a journal entry is. CMA Foundation expects you to apply it under time pressure, across unfamiliar scenarios, with precision.
Specific pain points we hear from students almost every batch:
Confusion between similar-looking entries — especially around depreciation and provisions
Forgetting adjustment entries when preparing final accounts
Struggling with partnership questions that combine multiple events
Not knowing how to read and reconstruct a cost sheet from scratch
Running out of time in the exam because problems take too long
Each of these is solvable. But only if they are addressed systematically — not through last-minute cramming.
How We Teach CMA Foundation Accounts
We Start from the Ground Up
Whether you are a commerce graduate or coming from science or arts, we start from the fundamentals. No student is assumed to already know anything. This is not a shortcut approach — it is the only way to build the kind of accounting intuition that holds up under exam pressure.
Concept Clarity Before Problem Practice
Every chapter begins with the logic behind the accounting treatment. Why do we debit the receiver? Why is depreciation charged even when there is no cash outflow? Students who understand the ‘why’ can solve new question types. Students who only memorise entries cannot.
Structured Problem-Solving
After concept sessions, we shift to graded practice — starting from basic numerical problems and moving to full exam-level questions. Each problem type is dissected step by step, with common mistakes pointed out explicitly so students do not repeat them.
Chapter Tests After Every Topic
Immediately after completing a chapter, students take a chapter-wise test. This locks in learning, identifies gaps, and builds a habit of applying knowledge quickly — critical for an exam where time is limited.
Full Mock Exams with Review
Before the CMA Foundation exam, we conduct multiple full-length mock tests under actual exam conditions. Post-test reviews are just as important — students see where they lost marks and why, and those mistakes are corrected before the real exam.
Quick Revision Notes
Our faculty has developed concise, subject-specific revision notes for CMA Foundation Accounts. These are not generic summaries — they are targeted at what ICMAI actually tests, covering key formulas, adjustment patterns, and important concepts that students tend to forget under pressure.
What You Get With This Course
- Live + recorded HD video lectures by experienced faculty
- ICMAI syllabus-aligned notes and practice material
- Full-length mock exam series with review sessions
- Dedicated doubt-solving support via app and sessions
- Offline classes at Vishrantwadi, Pune — or online via the AAC app
- Access for students from Lohegaon, Dhanori, Viman Nagar, Wagholi, Kharadi
FAQs
Frequently Asked Questions
Find answers to the most common questions about our courses, enrolment, and
support.
What topics are covered under Fundamentals of Financial Accounting?
It includes accounting principles, accounting cycle, journal entries, ledger, trial balance, depreciation, rectification of errors, and preparation of financial statements.
What is the accounting cycle in CMA Foundation?
The accounting cycle covers recording transactions, posting to ledger, preparing trial balance, passing adjustment entries, and finalizing accounts.
What are capital and revenue transactions?
Capital transactions relate to long-term benefits (like asset purchase), while revenue transactions are related to day-to-day business operations.
Which special transactions are included in the syllabus?
The syllabus includes consignment, joint venture, and bills of exchange (excluding accommodation bills and insolvency).
What financial statements are taught in this course?
Students learn to prepare income statements, balance sheets, and accounts for not-for-profit organizations like receipts & payments and income & expenditure accounts.
What is the role of cost accounting in this syllabus?
Cost accounting helps in cost determination, cost control, and decision-making by analyzing different types of costs.
What is a cost sheet and why is it important?
A cost sheet shows detailed cost components of a product and helps businesses determine profit and control expenses effectively.