CMA IND- FOUNDATION

The Foundation Course of the Cost and Management Accountancy (CMA) program offered by the Institute of Cost Accountants of India (ICMAI) is the entry-level qualification for individuals aspiring to become Cost and Management Accountants. Here are the details of the CMA Foundation course:

1. Eligibility:

• Candidates must have completed 10+2 or its equivalent from a recognized board or institution.

2. Registration:

• Candidates who meet the eligibility criteria can register for the CMA Foundation course.
• Registration for the Foundation course is open throughout the year. However, there are specific examination cycles.

3. Syllabus:

• The CMA Foundation course consists of four papers.
  • Paper 1: Fundamentals of Economics and Management
  • Paper 2: Fundamentals of Accounting
  • Paper 3: Fundamentals of Laws and Ethics
  • Paper 4: Fundamentals of Business Mathematics and Statistics
• The syllabus covers basic concepts in economics, management, accounting, business laws, ethics, mathematics, and statistics.

4. Examination Pattern:

• The CMA Foundation examination is conducted twice a year, usually in June and December.
• Each paper is of 100 marks and is conducted in English medium.
• The examination is conducted in offline (pen and paper) mode.
• Candidates must score a minimum of 40% marks in each paper and an aggregate of 50% marks in all papers to pass the examination.

5. Exemption:

• There are no exemptions available for the CMA Foundation course. All candidates must appear for and pass all four papers.

6. Registration Fee:

• The registration fee for the CMA Foundation course varies depending on the student's location and other factors. It includes registration fees, subscription fees, and examination fees.

7. Career Path:

• After successfully clearing the CMA Foundation examination, candidates can progress to the next level of the CMA course, which is the CMA Intermediate course.
• Upon completion of all levels and fulfilling the required practical training, candidates become eligible for membership of the ICMAI and can practice as Cost and Management Accountants.
• Cost and Management Accountants can pursue various career paths in cost accounting, management accounting, financial management, taxation, auditing, consulting, and corporate management.

The CMA Foundation course provides candidates with a solid foundation in the fundamental concepts of cost and management accounting, laying the groundwork for a successful career in this field.