The Institute of Cost Accountants of India (ICMAI) conducts the CMA Foundation 2024 exam, every year. The CMA Foundation syllabus 2024 has been released on official website. The New CMA foundation syllabus has also been implemented from December 2024.
CMA Foundation Syllabus 2024 PDF Download Link
Candidates must ensure they download the CMA Foundation Syllabus 2024, as it will help them learn more about the exam. Those who wish to seek conversion from the previous syllabus to the new one are required to pay a fee of Rs 250. The details mentioned below will help candidates learn more about the CMA Foundation Syllabus 2024.
- Paper 1: Fundamentals Of Business Laws And Business Communication (FBLC)
- Paper 2: Fundamentals Of Financial And Cost Accounting (FFCA)
- Paper 3: Fundamentals Of Business Mathematics And Statistics (FBMS)
- Paper 4: Fundamentals Of Business Economics And Management (FBEM)
CMA Foundation New Syllabus & Weightage 2024
The table mentioned below consists of the different papers and the weight allotted to each paper.
| Paper Name | Section | Weight |
|---|---|---|
| Fundamentals of BusinessLaws and BusinessCommunication | Section A: Fundamentals of BusinessLaws | 80% |
| Section B: Business Communication | 20% | |
| Fundamentals of Financial and Cost Accounting | Section A: Fundamentals of Financial Accounting | 70% |
| Section B: Fundamentals of Cost Accounting | 30% | |
| Fundamentals of Business Mathematics and Statistics | Section A: Fundamentals of Business Mathematics | 40% |
| Section B: Fundamentals of Business Statistics | 60% | |
| Fundamentals of Business Economics and Management | Section A: Fundamentals of Business Economics | 70% |
| Section B: Fundamentals of Management | 30% |
CMA Foundation Syllabus 2024 for Paper 1 (Fundamentals Of Business Laws And Business Communication (FBLC)
The table mentioned below consists of all the important details regarding the CMA foundation for Paper 1.
| Module Description | Weight |
|---|---|
| Section A: Fundamentals of Business Laws | 80% |
| Introduction | 10% |
| Indian Contracts Act, 1872 | 30% |
| Sale of Goods Act, 1930 | 20% |
| Negotiable Instruments Act,1881 | 20% |
| Section B: Business Communication | 20% |
| Business Communication | 20% |
Important Topics for Paper 1
The important topics for the CMA Foundation Syllabus Paper 1 are divided into sections A and B. The important topics for both sections are mentioned below.
SECTION A: Fundamentals Of Business Laws
- Introduction
- Sources of Law
- Legislative Process in India
- Legal Methods and Court System in India
- Primary and Subordinate Legislation
- Indian Contracts Act, 1872
- Essential Elements of a Contract, Types of Contract, Offer, and Acceptance
- Void and Voidable Agreements, No Consideration No Contract
- Consideration, Legality of Object, and Consideration
- Capacity of Parties, Free Consent
- Quasi and Contingent Contracts
- Performance of Contracts
- Meaning of Indemnity, Guarantee, Pledge, Agent
- E-Contracts and E-Signature – Meanings and Requirements
- Discharge of Contracts
- Breach of Contract and Remedies for Breach of Contract
- Sale of Goods Act, 1930
- Definition
- Transfer of Ownership
- Essential Conditions of a Contract of Sale
- Conditions and Warranties
- Performance of the Contract of Sale
- Rights of Unpaid Seller
- Negotiable Instruments Act, 1881
- Characteristics of Negotiable Instruments
- Definitions of Promissory Note, Bill of Exchange and Cheque
- Difference between Promissory Note, Bill of Exchange and Cheque
- Crossing – Meaning, Definition and Types of Crossing
- Dishonour of Cheques (Section 138)
SECTION B: BUSINESS COMMUNICATION
- Business Communication
- Introduction to Business Communication
- Features of Effective Business Communication
- Process of Communication
- Types of Business Communication
- Formal and Informal Communication
- Verbal, Non-verbal and Written Communication
- Vertical, Horizontal and Diagonal Communication
- Upward and Downward Communication
- Lateral Communication
- Internet-Based Business Communication
- Do’s and Don’ts of Communication through Social Media
- Writing and Drafting for Business Audiences
- Letter and Memorandum
- Report – Formal and Informal
- Business Proposal
- Enhancement of Writing Skills
- Intercultural and International Business Communication
- Barriers to Business Communication
- Legal Aspects of Business Communication
- Use of Graphics and References for Business Communication
CMA Foundation Syllabus 2024 for Paper 2 Fundamentals Of Financial And Cost Accounting (FFCA)
The table mentioned below consists of all the important section-wise topics regarding Paper 2 of the CMA Foundation Syllabus 2024.
| Module Description | Weight |
|---|---|
| Section A: Fundamentals of Financial Accounting | 70% |
| Accounting Fundamentals | 30% |
| Accounting for Special Transactions | 15% |
| Preparation of Final Accounts | 25% |
| Section B: Fundamentals of Cost Accounting | 30% |
| Fundamentals of Cost Accounting | 30% |
Important Topics for Paper 2
The topics for Paper 2 for both sections A and B. A list of all the important topics are mentioned below.
SECTION A: Fundamentals Of Financial Accounting
- Accounting Fundamentals
- Understanding of Four Frameworks of Accounting (Conceptual, Legal, Institutional and
- Regulatory) and Forms of Organisation
- Accounting Principles, Concepts and Conventions
- Capital and Revenue Transactions – Capital and Revenue Expenditures, Capital and Revenue
- Receipts
- Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction –
- Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books and
- Finalisation of Accounts
- Journal (Day Books; Journal Proper – Opening, Transfer, Closing, Adjustment and Rectification
- Entries), Ledger
- Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement
- Trial Balance
- Adjustment Entries and Rectification of Errors
- Depreciation (Straight Line and Diminishing Balance Methods only)
- Accounting Treatment of Bad Debts and Provision for Doubtful Debts
- Accounting for Special Transactions
- Consignment
- Joint Venture
- Bills of Exchange (excluding Accommodation Bill, Insolvency)
- Preparation of Final Accounts
- Preparation of Financial Statements of Sole Proprietorship
- Income Statement, Balance Sheet
- Preparation of Financial Statements of a Not-for-Profit Organisation
- Preparation of Receipts and Payments Account
- Preparation of Income and Expenditure Account
- Preparation of Balance Sheet
Section B: Fundamentals Of Cost Accounting
- Fundamentals of Cost Accounting
- Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting
- Application of Cost Accounting for Business Decisions
- Definition of Cost, Cost Centre, Cost Unit and Cost Drivers
- Classification of Costs (with reference to Cost Accounting Standard 1)
- Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)
CMA Foundation Syllabus 2024 for Paper 3 Fundamentals Of Business Mathematics And Statistics (FBMS)
The table mentioned below consists of all the important section-wise topics regarding Paper 3 of the CMA Foundation Syllabus 2024.
| Module Description | Weight |
|---|---|
| Section A: Fundamentals of Business Mathematics | 40% |
| Arithmetic | 15% |
| Algebra | 20% |
| Calculus – Application in Business | 5% |
| Section B: Fundamentals of Business Statistics | 60% |
| Statistical Representation of Data | 5% |
| Measures of Central Tendency and Dispersion | 15% |
| Correlation and Regression | 15% |
| Probability | 15% |
| Index Numbers and Time Series | 10% |
Important Topics for Paper 3
The topics for Paper 3 for both sections A and B. A list of all the important topics are mentioned below.
Section A: Fundamentals Of Business Mathematics
- Arithmetic
- Ratios, Variations and Proportions
- Time Value of Money and Annuity – Simple and Compound Interest
- Arithmetic Progression and Geometric Progression
- Time and Distance
- Algebra
- Set Theory, including Venn Diagram
- Indices and Logarithms (Basic Concepts)
- Permutation and Combinations (Basic Concepts)
- Quadratic Equations (Basic Concepts)
- Calculus – Application in Business
- Concept of Calculus and its Application in Business
- Revenue and Cost Function
- Optimisation Techniques (Basic Concepts)
Section B: Fundamentals Of Business Statistics
- Statistical Representation of Data
- Diagrammatic Representation of Data
- Frequency Distribution
- Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart
- Measures of Central Tendency and Dispersion
- Mean, Median, Mode, Mean Deviation
- Range, Quartiles and Quartile Deviation
- Standard Deviation
- Co-efficient of Variation
- Karl Pearson and Bowley’s Co-efficient of Skewness
- Correlation and Regression
- Scatter Diagram
- Karl Pearson’s Co-efficient of Correlation
- Regression Analysis
- Probability
- Concepts and Terminologies
- Primary applications of Probability Theorems
- Index Numbers and Time Series
- Uses of Index Numbers, Methods of Construction of Index Number
- Components of Time Series and Calculation of Trend by Moving Average Method
CMA Foundation Syllabus 2024 for Paper 4 Fundamentals Of Business Economics And Management (FBEM)
The table mentioned below consists of all the important section-wise topics regarding Paper 4 of the CMA Foundation Syllabus 2024.
| Module Description | Weight |
|---|---|
| Section A: Fundamentals of Business Economics | 70% |
| Basic Concepts | 15% |
| Forms of Market | 20% |
| Money and Banking | 20% |
| Economic and Business Environment | 15% |
| Section B: Fundamentals of Management | 30% |
| Fundamentals of Management | 30% |
Important Topics for Paper 4
The table mentioned below consists of all the important section-wise topics regarding Paper 4 of the CMA Foundation Syllabus 2024.
Section A: Fundamentals Of Business Economics
- Basic Concepts
- The Fundamentals of Economics
- Utility, Wealth, Production
- Theory of Demand (Meaning, Determinants of Demand, Law of Demand, Elasticity of Demand
- – Price, Income and Cross Elasticity, Theory of Consumer Behaviour, Demand Forecasting) and
- Supply (Meaning, Determinants, Law of Supply and Elasticity of Supply), Equilibrium
- Theory of Production (Meaning, Factors, Laws of Production – Law of Variable Proportion, Laws
- of Returns to Scale)
- Cost of Production (Concept of Costs, Short-run and Long-run Costs, Average and Marginal Costs, Total, Fixed and Variable Costs)
- Means of Production
- Forms of Market
- Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly,
- Oligopoly, Monopoly, Monopolistic Competition
- Price Discrimination
- Money and Banking
- Money – Types, Features and Functions
- Banking – Definition, Functions, Utility, Principles
- Commercial Banks, Central Bank
- Measures of Credit Control and Money Market
- Economic and Business Environment
- PESTEL (Political, Economic, Societal, Technological, Environmental and Legal) Analysis
- Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear of
- Unknown and Unprecedentedness)
Section B – Fundamentals Of Management
- Fundamentals of Management
- Introduction to Management
- Stewardship Theory and Agency Theory of Management
- Planning, Organising, Staffing and Leading
- Communication, Co-ordination, Collaboration, Monitoring and Control
- Organisation Structure, Responsibility, Accountability and Delegation of Authority
- Leadership and Motivation – Concepts and Theories
- Decision-making – Types and Process
CMA Foundation 2024 Exam Pattern
The CMA Foundation 2024 exam consists of important aspects, such as the type of questions asked, the mode of the exam, and the format of the exam. The details mentioned below will help candidates learn more about the CMA Foundation 2024 exam pattern.
| Particulars | Details |
|---|---|
| Mode of exam | Offline centre-based mode |
| Type of questions | Mcq based questions |
| Exam duration | 3 hours |
| Total marks | 100 marks per paper |
| Number of papers | 4 |
| Medium of exam | English |
| Marking scheme | No negative marking |
CMA Foundation 2024 Learning Material
It is of utmost importance for candidates to understand the study material for the CMA Foundation 2024 exam. They must visit the official website and download the CMA Foundation study material 2024. The learning material for candidates will be made available online.
The CMA foundation study material for 2024 will be available online in PDF form. The CMA Foundation 2024 learning material can be downloaded without payment of any additional fees. The CMA Foundation learning material will be dispatched by post after the registration number has been allotted.
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FAQs Related to CMA Foundation Syllabus 2024
Has the CMA Foundation syllabus 2024 been changed?
The CMA Foundation syllabus 2024 has been changed, and new syllabus can be downloaded through the links given above.
How many papers are there in the CMA Foundation syllabus 2024?
There are four papers in the CMA Foundation syllabus 2024.