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CMA Foundation Eligibility Criteria – Dec 2020

CMA Foundation Eligibility Criteria – Dec 2020

The Institute of Cost Accountants of India (erstwhile The Institute of Cost and Works Accountants of India) was first established in 1944 as a registered company under the Companies Act with the objective of promoting, regulating and developing the profession of Cost Accountancy. The Institute of Cost Accountants of India is the only recognized statutory professional organisation and licensing body in India specializing exclusively in Cost and Management Accountancy.

cma foundation eligibility criteria

cma foundation eligibility criteria

ICWAI | CMA Foundation Eligibility Criteria – After completion of the 12th class, a candidate can apply for the foundation course. ICWAI has changed its name to ICAI and also ICWA course name is changed into CMA course.The minimum age required for registering for the CWA/ICWA Foundation is 17 years on the date of registration.

ICWAI | CMA Foundation Eligibility Criteria | ICWAI foundation:

The candidate has to pass 10th class or equivalent from a recognized board.
10+2 from a recognized board or an examination equivalent to 10+2 which is recognized by the central government. Or diploma in commerce examination held by all India council of technical education.or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Higher Education.
The minimum age required for registering for the CWA/ICWA Foundation is 17 years on the date of registration.It should be noted that, for registering for the subsequent level i.e. intermediate level a candidate should have completed 18 years age on the date of making application for registration for the level.
Those who have qualified National Diploma in Commerce Examination by AICTE / State Board of Technical Education are also eligible for CMA Foundation exam.

CMA Foundation-Course Duration

Eligibility for CMA foundation : The minimum course duration as per the regulations of the institution is 6 months The course duration is the minimum time that a student has to spend on taking up the course at this level. It is the period starting from the time the student gets registered for the course, to the time the student completes the course at this level.

The actual time that a student has to spend on the course would be dependent on the actual date of registration.

ICMAI CMA Foundation Syllabus

Following is the syllabus for CMA Foundation for all the Four papers.

Paper 1: Fundamentals of Economics and Management (FEM)

Section – A
Fundamental of Economics
Section – B
Fundamental of Management
– Basic Concepts of Economics – Micro & Macro
 Forms of Market
 Money and Banking
– Management Process

Paper 2: Fundamental of Accounting (FOA)

Section – A
Fundamental of Financial Accounting
Section – B
Fundamental of Cost Accounting
 Accounting Basics
 Accounting for Special Transactions
 Preparation of Final Accounts
Fundamentals of Cost Accounting

Paper 3 : Fundamental of Laws and Ethics

Section – A
Fundamental of Commercial Laws
Section – B
Fundamental Of Ethics
 Indian Contracts Act, 1872
 Sale of Goods Act, 1930
– Negotiable Instruments Act, 1881
Ethics and Business

Paper 4 : Fundamental of Business Mathematics and Statistics (FBMS)

Section – A
Fundamental of Business Mathematics
Section – B
Fundamental of Business Statistics
 Statistical Representation of Data
 Measures of Central Tendency and Dispersion
– Correlation and Regression

Important Notification regarding Foundation Examination

Eligibility for CMA foundation : This is for the information of all concerned that effective from June 2017, the examination for Foundation course of the Institute will be held twice a year (i.e., June & December) in descriptive mode for all the four subjects, each carrying 100 marks as opposed to online examination (MCQ based) of four subjects of 50 marks each that is being conducted currently. That is, December 2015 term will be the last term for conducting MCQ based online examination and those candidates who will be unsuccessful in June 2017 will be given another opportunity in March 2016 for appearing in the MCQ based online examination.

Along with CMA Foundation Eligibility Criteria , you must read other articles for CMA Foundation Exam

CMA Foundation exam important links for CMA students

CMA Foundation question paper

CMA Foundation Exam Best Resources

CMA Foundation Video classes by Gold medalist ICMAI faculty

ICMAI CMA Telegram channel

No 1 CMA Foundation Android App

ICMAI CMA Foundation Exam youtube channel


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