CMA Foundation Course is the initial step of the Cost & Management Accountant or CMA Course, preparing students for the second level of CMA. ICMAI administers this national-level examination. Moreover, the CMA Foundation examinations are administered twice annually and this exam is home-based and online.
Students who have completed their 12th-grade board examination from a recognized board are eligible to enroll at the CMA Foundation level. In this post, we will bring every detail about the CMA Foundation examination so that CMA aspirants can clearly understand it.
CMA Foundation Course 2022: Important Dates
Before applying, applicants must be aware of the CMA Foundation Exam’s important dates.
| Events | Dates |
| CMA Foundation Registration Form | Closed |
| Last date to fill the application form | July 31, 2022 |
| Exam form Availability | Nov 5, 2022 |
| Admit card Release | Dec 2022 |
| CMA Foundation exam date | Jan 13, 2023 |
Nevertheless, registration is always available for the CMA Foundation. To enroll for the December 2022 exam, you should apply by July 31, while for the June exam, you should apply by January 31.
CMA Foundation Eligibility
On its official web page, the Institute of Cost Accountants of India (ICMAI) outlines the precise qualifying requirements for the CMA Foundation examination. Hence, applicants should verify their eligibility with the organization before filling out the application form. Candidates may review the following CMA Foundation eligibility requirements for 2022 before applying:
- Should have completed the 10th grade or its equivalent from a recognized board or school.
- Candidates awaiting the results of the 12th grade or equivalent examination are also acceptable for provisional enrollment in the CMA Foundation course.
CMA Foundation Registration 2022
Candidates who intend to appear in the CMA Foundation course and meet the eligibility requirements may now register. Students seeking to register for the CMA Foundation should visit the ICMAI website. In addition, complete the instructions below for completing the registration process.
- Access the ICMAI website and go to the CMA Foundation Registration page.
- Now, input the requested information and click save to proceed.
- After that, upload all of the relevant paperwork.
- Then, pay for the Course using any available online payment options.
- Now, have the registration form print.
Note to keep these documents handy while completing the CMA Foundation Course registration process:
- 10th & 12th mark sheet
- A passport-sized photograph
CMA Foundation Syllabus and Subjects
CMA Foundation course has four subjects which are as follows:
- Fundamentals of Economics and Management
- Fundamentals of Accounting
- Fundamentals of Laws and Ethics
- Fundamentals of Business Mathematics & Statistics
Below we will discuss the weightage of each subtopic of each subject:
Paper 1: Fundamentals of Economics and Management (FEM)
| Topics | Sub-heads with weightage | Total % |
| Section A: Fundamentals of Economics | 1. Basic concepts of Economics (20%)2. Forms of Market (20%)3. Money and Banking (10%) | 50% |
| Section B: Fundamentals of Management | 4. Management Process (50%) | 50% |
Paper 2: Fundamentals of Accounting (FOA)
| Topics | Sub-heads with weightage | Total % |
| Section A: Fundamentals of Financial Accounting | 1. Accounting Fundamentals (35%)2. Accounting for Special Transactions (20%)3. Preparation of Final Accounts (25%) | 80% |
| Section B: Fundamentals of Cost Accounting | 4. Fundamentals of Cost Accounting (20%) | 20% |
Paper 3: Fundamentals of Laws and Ethics (FLE)
| Topics | Sub-heads with weightage | Total % |
| Section A: Fundamentals of Commercial Laws | 1. Indian Contract Act, 1872 (40%)2. Sale of Goods Act, 1930 (20%)3. Negotiable Instruments Act,1881 (10%) | 70% |
| Section B: Fundamentals of Ethics | 4. Ethics and Business (30%) | 30% |
Paper 4: Fundamentals of Business Mathematics and Statistics (FBMS)
| Topics | Sub-heads with weightage | Total % |
| Section A: Fundamentals of Business Mathematics | 1. Arithmetic (20%)2. Algebra (20%) | 40% |
| Section B: Fundamentals of Business Statistics | 3. Statistical representation of Data (10%)4. Measures of Central (30%)5. Tendency and Dispersion (10%)6.Correlation and Regression7. Probability (10%) | 60% |
CMA Foundation Exam Pattern
Examining the CMA Foundation Course’s official test structure and the CMA Foundation curriculum is vital. The CMA Foundation examination question paper will follow a specific CMA foundation examination format. Moreover, the exam pattern for CMA Foundation includes information about the mode of the examination, the language used, the total number of points, the duration, and the types of questions.
Here is the table describing the entire CMA Foundation exam pattern:
| Particular | Details |
| Format of exam | MCQ |
| Marks | 100/subject |
| Total Subjects | Four |
| Total Questions | 50 |
| Each Question Mark | 2 |
| Negative Marking | No |
| Exam mode | Online, computer-based |
Students should use the institute’s approved study materials to study for the CMA Foundation examination. ICMAI provides applicants with study materials in pdf format, which may be accessed at no cost. Moreover, ICMAI does not ask applicants for any extra fees to use the PDF learning materials.
Conclusion
So this is all about the CMA Foundation Course. Here are all the relevant details pertaining to the foundation course. CMA Foundation offers the door to CMA Intermediate, the second level of the CMA test. After obtaining the CMA certification by passing all examinations, the doors to executive-level management positions will open. For more such updates, visit CA Wizard.
