ICMAI has introduced CMA Syllabus -2022. This new syllabus is designed to nurture young business leaders of tomorrow who can convert the dream of “MAKE IN INDIA” into reality. The syllabus 2022 is based on International Standards set by IFAC and IAESB, Initial Professional development – Professional Skills (Revised) through IEG and National Education Policy 2020.
CMA Foundation is the Entry Level Programme for non graduate students.
The different stages of examination includes the following-
- Foundation Programme
- CMA Intermediate Programme
- CMA Final Programme
Syllabus – Foundation Course Curriculum
- 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)
Marks weightage of the Four Subjects
Paper 1- FUNDAMENTALS OF BUSINESS LAWS AND BUSINESS COMMUNICATION (FBLC)
| Module no | Module Description | Weight |
| Section A: Fundamentals of Business Laws 80% | ||
| 1 | Introduction | 10% |
| 2 | Indian Contracts Act, 1872 | 30% |
| 3 | Sale of Goods Act, 1930 | 20% |
| 4 | Negotiable Instruments Act,1881 | 20% |
| Section B: Business Communication 20% | ||
| 5 | Business Communication | 20% |
Paper 2 FUNDAMENTALS OF FINANCIAL AND COST ACCOUNTING (FFCA)
| Module no | Module Description | Weight |
| Section A: Fundamentals of Financial Accounting 70% | ||
| 1 | Accounting Fundamentals | 30% |
| 2 | Accounting for Special Transactions | 15% |
| 3 | Preparation of Final Accounts | 25% |
| Section B: Fundamentals of Cost Accounting 30% | ||
| 4 | Fundamentals of Cost Accounting | 30% |
Paper 3 FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS (FBMS)
| Module no | Module Description | Weight |
| Section A: Fundamentals of Business Mathematics 40% | ||
| 1 | Arithmetic | 15% |
| 2 | Algebra | 20% |
| 3 | Calculus- Application in Business | 05% |
| Section B: Fundamentals of Business Statistics 60% | ||
| 4 | Statistical Representation of Data | 05% |
| 5 | Measures of Central Tendency and Dispersion | 15% |
| 6 | Correlation and Regression | 15% |
| 7 | Probability | 15% |
| 8 | Index Numbers and Time Series | 10% |
Paper 4 FUNDAMENTALS OF BUSINESS ECONOMICS AND MANAGEMENT (FBEM)
| Module no | Module Description | Weight |
| Section A: Fundamentals of Business Economics 70% | ||
| 1 | Basic Concepts | 15% |
| 2 | Forms of Market | 20% |
| 3 | Money and Banking | 20% |
| 4 | Economic and Business Environment | 15% |
| Section B: Fundamentals of Management 30% | ||
| 5 | Fundamentals of Management | 30% |
When to apply:
Admission to foundation course for the ICAI course is open throughout the year However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination should apply before 31st July of that year.
CMA Foundation Important dates
| CMA Registration 2023 | Dates for July session | Dates for December session |
| Last date for registration to Foundation course | July 2023 | August 2023 |
| Last date for Registration to Intermediate course | To be Announced | July 2023 |
| Last date for Enrollment to Intermediate course | To be Announced | July 2023 |
| Last date of Revalidation for Inter/Final Course | To be Announced | September 2023 |
| Last Date of Application for Paper-wise Exemptions, Submitting Training Completion Certificates and De-Novo Registration | Before filling an application form | Before filling an application form |
| Last date for Submission of Exam Form | To be Announced | October 2023 |
| Last Date for Submitting Online T-4 Form | To be Announced | November 2023 |
| Exam date | September 2023 | December 2023 |
Study Plan for CMA Foundation Exam to clear it in the 1st attempt
1. Ensure Conceptual Clarity of the Subjects from the CMA Foundation Study Material
Study Material provided by the Institute should be studied thoroughly. The practical papers require a lot of practice. Theory papers should not memorized blindly as it is important to link various topics and understand them along with developing an ability to re call them in the exams.
2. Create a proper Time Table and stick to it.
Prepare a timetable so that the CMA Syllabus is covered within a given time period. After doing that, refer to the practice manual, scanner and appear for tests.
3. Set achievable targets.
Set targets for a day that is achievable. Do not set such targets which are impossible to achieve. It will only lead to exam burden and not help in any way. Aspirants must try to finish the entire syllabus at least three months before the main exam. One and a half months should be dedicated for revision. During the revision phase-only go through the previous chapters which are completed, and focus on improving the weaknesses
4. Create Notes & mindmaps
While studying the chapters make short and handy notes of the topics. Try to make mind maps or charts to easily remember things. These will be handy for last day of revision too.
5. Keep enough time for atleast 2-3 revisions of all the portions.
All the best for CMA Foundation Exams. CMA intermediate requires a higher study time, focus and commitment.
