CMA Foundation - Full Details [Syllabus, Fees, Exam Details]

All you wanted to know about CMA Foundation - Complete Details

The Cost and Management Accountant course, offered by the Institute of Cost Accountants of India (ICMAI), is a professional qualification that equips individuals with in-depth knowledge of cost and management accounting principles. The journey begins with the CMA Foundation, the first stage of the program.  

A. CMA Foundation Subjects

The CMA Foundation exam assesses a candidate's foundational knowledge across key areas of business. The 1st stage comprises four subjects:  

1. Fundamentals of Business Laws and Communication (FBLC)

2. Fundamentals of Financial and Cost Accounting (FFCA)

3. Fundamentals of Business Mathematics and Statistics (FBMS)

4. Fundamentals of Business Economics and Management (FBEM)

B. Eligibility

Candidates can apply for admission to the CMA course after completing their 10th standard. However, they can appear for the CMA Foundation exam only after appearing for or passing the 12th standard examination.  

C. Exam Pattern:

- The exam is entirely objective, consisting of 50 multiple-choice questions (MCQs) for each subject.

- Each MCQ carries 2 marks, resulting in a total of 100 marks per subject.

- There is no negative marking for incorrect answers.  

D. Exam Schedule: The CMA Foundation exam is conducted twice a year, typically in June and December.  

Exam Timing:

Paper 1 & 2 (FBLC & FFCA): 10:00 AM to 12:00 PM

Paper 3 & 4 (FBMS & FBEM): 2:00 PM to 4:00 PM

E. Result declaration

CMA Foundation results normally declared within one month of examination

F. Registration Fees

- The registration fee for the CMA Foundation course is INR 6,000.

- Students from the North-Eastern States, Jammu & Kashmir, and Ladakh are eligible for a 50% exemption (Male)/100% exemption (Female) in the registration fee.

G. Final Conclusion

Clearing this stage is very easy as compared to other Intermediate or final. The CMA Foundation exam serves as a crucial stepping stone towards a rewarding career in the field of cost and management accounting. By diligently preparing for the four subjects and understanding the exam pattern, candidates can increase their chances of success and embark on a fulfilling journey towards becoming a CMA.

Frequently asked questions (FAQ)

1. What is CMA foundation?

CMA also known as Cost and Management Accountant is a professional course offered by ICAI. The CMA foundation is the first stage of the CMA program that the candidates need to clear to get on to the next stage.

2. Can a 10th pass apply for CMA?

Candidates can apply for admission to the CMA course after completing their 10th standard. However, they can appear for the CMA Foundation exam only after appearing for or passing the 12th standard examination.

3. When CMA Foundation results are out?

Results are out within one month of examination.

4. What is the examination fees of CMA foundation exam?

Rs. 1200

5. Is CMA Foundation registration fees exempted?

Yes, but only for the students of north-eastern region, J&K and Ladakh.