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CMA Foundation Subjects: An Overview

CMA Foundation Subjects: An Overview

The first phase of the CMA course, which is CMA Foundation, is the qualification stage for the students to enter the second stage. The Institute of Cost and Management Accountants of India, or ICMAI, is the organisation that administers this national test. The CMA Foundation tests are administered by the ICMAI twice a year, in December and June. This exam is currently being administered offline.

Students may sign up for the CMA Foundation Course 2024 if they have passed their 12th board examination from an accredited board. Students must pay the Rs. 6000 registration fee to complete their CMA Foundation registration. Students can begin preparing for the foundation tests as soon as they register. The four CMA Foundation subjects that make up the  course are:

1. Business Laws and Business Communication

2.  Financial and Cost Accounting

3. Business Mathematics and Statistics

4. Business Economics and Management

A candidate is required to score at least 40% in each of the four subjects to clear CMA Foundation exams. To qualify for the CMA Intermediate Course a student is required to obtain an aggregate of 50% of the possible points. This guide will provide you with all the necessary information you need about eligibility, registration, and the CMA Foundation syllabus in the CMA Foundation course.

CMA Foundation Course 2024 – Important Dates

Each candidate appearing in the CMA Foundation 2024 exam should know. Therefore, we have mentioned the important

CMA Foundation exam dates are in the table mentioned below.

Events Dates
Registration For CMA Foundation  Open
Last date to fill out the registration form Jan 31, 2024
Availability of exam form April 2024
Release of admit card May 2024
CMA Foundation exam date June 2024


CMA Foundation: Eligibility

The eligibility requirements for the ICMAI CMA Foundation must be known to the candidates. Before completing the form, candidates must make sure they meet the eligibility requirements. Below is a discussion of some of the significant qualifying requirements for your reference.

1. Only Indian citizens are eligible to apply. Other nationalities are not eligible.

2. The programme has no minimum age requirement.

3. Applicants need to be a Class 10 graduate.

4. Candidates must have graduated from a recognised board in class 12 with a minimum cumulative score of 50% or higher.

5. Those who have passed the National Council of Higher Education's Diploma in Rural Service Examination or any state board of technical education under the authority of the All India Council.

6. Candidates may also apply for provisional admission while they wait for their results.


Steps required for the registration of CMA Foundation Course

Every student needs to register themselves if they want to appear in the CMA Foundation exam. This can be done by candidates from the official site of ICMAI. After that students are required to follow the steps to fill out the CMA Foundation registration form.

1. Go to the ICMAI official website and select the CMA Foundation registration link.

2. After providing the requested information, click "Save" to proceed.

3. After clicking "Submit," upload the scanned copies of each of the necessary documents.

4. Next, use the online payment option to complete the payment for the relevant course.

 5. For later use, print off the registration form.


Documents required for CMA Foundation Registration

1. Passport-size photo

2. Signature of candidate

3. Class 10th Marksheet

4. Class 12th Marksheet


CMA Foundation Syllabus and Subjects 2024:

Completing the certification process successfully requires an understanding of the CMA Foundation subjects. There are four CMA foundation subjects in the syllabus for the CMA Foundation course. The following is a list of the subjects and the topics covered:

Paper 1 Fundamentals of Business Laws and Business Communication (FBLC)
1 Introduction
2 Indian Contract Act,1872
3 Sale of Goods Act, 1930
4 Negotiable Instruments Act,1881
5 Business Communication


Paper 2 Fundamentals of Financial and Cost Accounting (FFCA)
1 Accounting Fundamentals
2 Accounting for Special Transactions
3 Preparation of Final Accounts
4 Fundamentals of Cost Accounting


Paper 3 Fundamentals of Business Mathematics and Statistics (FBMS)
1 Arithmetic
2 Algebra
3 Calculus – Application in Business
4 Statistical Representation of Data
5 Measures of Central Tendency and Dispersion
6 Correlation and Regression
7 Probability
8 Index Numbers and Time Series


Paper 4 Fundamentals of Business Economics and Management (FBEM)
1 Basic Concepts
2 Forms of Market
3 Money and Banking
4 Economic and Business Environment
5 Fundamentals of Management


CMA Foundation: Study Material

To pass the exam one needs to work hard, be dedicated, and maintain the right focus. The candidates must adhere to the syllabus according to the ICMAI standards. Candidates are required to concentrate on the study materials given by the institute. 

The modules offered by ICMAI and the CMA Foundation study materials are crucial. Students must concentrate on the test series and last year's questions as they serve as the best resources for practice and revision.

The study material of CMA Foundation is available online at various websites. You can also go with Akash Agarwal Classes online modules as they have covered every part of CMA Intermediate as well as Foundation. 


For aspiring CMA’s the CMA foundation subjects provide a comprehensive foundation. Students who complete each topic will have the knowledge and abilities needed to thrive in the fast-paced area of management accounting. The first step to a successful career in management accounting, regardless of when you are considering becoming a CMA or have already started your journey, is to have a firm understanding of these core disciplines.

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