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ICWAI | CMA Foundation exam pattern for December 2018

ICWAI | CMA Foundation exam pattern for December 2018

CMA Foundation exam pattern: The entrance exam for CMA is held twice a year i.e. in the month of June and December.

The Foundation Examination for CMA will consist of multiple choice questions (MCQ) and will be conducted in online mode.

There are 2 sessions Morning and Afternoon. Morning session contains paper 1 & 2. Afternoon session contains paper 3 & 4.

 Total Questions : 100 (Multiple Choice Questions)

Maximum Marks : 100 (Each Question will carry 1 Mark).

There will be no negative marking for wrong answers.

ICWAI | CMA Foundation exam pattern for all subjects

Following table shows the allotment of marks for each subject:

ICWAI | CMA Foundation Exam Pattern December 2018

Following table shows the allotment of marks for each subject:

CMA Foundation exam pattern: Paper 1 : Organization & Management Fundamentals
[One paper: Three Hours – 100 marks]
Section I : Organization — 30%
Sl noSubjectTopicsWeightage
1Nature and functional areas of organization
Organizational structures.
Functional areas of business and their operations
Activities of different functions
Formal & informal organizations: principles of organizations
Criteria for grouping
 10% 
2 Schools of Organizational theory
Classical, behavioural and systems
Current trend and approaches
Behaviour in organizations
Role of behavioural science
 10%
3 Organizational Management
Objectives ( missions, goals and targets)
Conflicts between objectives
Appropriate strategy formulation
Determinants of culture
Different models available for categorizing cultures
Different models of organizational model managementavailable to achieve goal congruence.
  10%
Section II : Management — 70%
4 Human resource management
Human resource plan
Human issues relating to recruitment, dismissal, retirement and redundancy
Activities of different functions
Models of Human Behaviour and Motivation and itsapplications (Taylor, McGregor, Maslow, Hertzberg etc).
Training & development.
Development and design of reward system
  20%
5Management of Relationship
Process of Management covering planning, organizing,staffing, directing, motivating, communicating andcontrol
Concept of power, authority, responsibility anddelegation
Characteristics of leaders and managers
Management Style theories
Contingency approach
 20%
6Management of Change
Stages & Process of Management change
Structural change & Cultural change
Approaches to the management of organizationaldevelopment
Importance of managing critical period of change
Ways of handling these periods of change
 15%
7Pattern of Management
Broad policies and functions
Structural pattern of Board of Directors.
Concept of public sector, social objectives, publicsector management
Current management thoughts
 15%
CMA Foundation exam pattern: Paper 2 : Accounting
[One paper: Three Hours – 100 marks]
1Basics of Bookkeeping and accounting
Definitions and its usefulness
Financial Accounting principles, concept and convention – measurement of business income
Position statement
Accounting Standards – national and international ( basic knowledge)
 10%
2Systems of Bookkeeping
Double entry system, books of prime entry, subsidiarybooks
Recording of cash and Bank transactions
Preparation of ledger accounts
Preparation of trial balance — interpretation andusefulness
 10%
3Bank Reconciliation statements
Need for reconciliation between cashbook and bank passbook and problems relating to the preparation of bankreconciliation statements.
5%
4Accounting System
Concept of capital, revenue, deferred revenue expenditures, opening entries, closing entries, adjustmententries and rectification entries.
Accounting treatment for bad debts, reserve for baddebts and other adjusting entries.
Depreciation- significance, accounting and variousmethods of calculation of depreciation.
Concept of single entry system, conversion of singleentry system into double entry system of accounting.
Preparation of receipts and payments accounts, incomeand expenditure accounts.
Significance of reserves and provisions.
Bill of Exchange, consignment and joint venture
 25%
5Elements of Cost Accounting
Basics of cost and management accounting:
Evolution of cost accounting and managementaccounting, cost concepts and cost object,
Cost classification, cost organization and its relationshipwith other departments.
Elements of cost and cost determination.
Material cost-purchase procedure, store keeping andstock control, pricing issue of material and accountingthereof, perpetual inventory and physical stock taking,identification of slow, non-moving and fast movingitems, ABC analysis, JIT system, level of inventoriesand economic order quantity, analysis, investigation and corrective steps for treatment of stock discrepancies – control through othermeans.
Labour costs – remuneration methods, monetary and non-monetary incentive schemes, payroll procedures, labouranalysis and idle time, measurement of labour efficiencyand productivity, analysis of non productive time and itscost, labour turnover and remedial measures, treatmentof idle time and overtime.
Direct expenses – nature, collection, classification andtreatment of direct expenses.
Overheads – nature, collection and classification.
Production overheads – collection, apportionment,absorption, use of predetermined recovery rates,treatment of under and over absorption, fixed, variableand semi variable overhead, report for control ofoverhead cost.
Administration, selling and distribution overheads –analysis, accounting and control, treatment ofmiscellaneous items in cost accounting.
         15%
6Cost Sheets
Cost data collection
Cost Sheet formats
Preparation of cost sheets.
15%
7Behaviour of Costs
Fixed & Variable costs
Direct & Indirect costs
Cost Behaviour for decision making
Marginal Costing and Break Even Analysis
20%
CMA Foundation exam pattern: Paper 3 : Economics and Business Fundamentals
[One paper: Three Hours – 100 marks]
A. ECONOMICS (60 marks)
1Basic Concepts of economics
The Fundamentals of Economics & EconomicOrganizations
Utility, Wealth,
Basic Elements of Supply and Demand, elasticity
Equilibrium
Theory of Production
Cost of production.
  10%
2Forms of Market
Perfect competition and Imperfect competition
Pricing in perfect and imperfect competition
5%
3National Income
Gross National Product
Net National Product
Measurement of National Income
Economic growth and fluctuations
Consumptions, savings and investments
 5%
4Theory of Employment
Type of unemployment
Concepts of full employment
Labour and Population theories
Definition of capital and growth of capital
Steps in capital formation
      5%
5Money
Definition and functions of money
Quantity theory of money
Inflation and effect of inflation on production anddistribution of wealth
Control of inflation
Money supply
Liquidity preference and marginal efficiency
Rate of interest and investment
    10%
6Banking
Definition
Functions and utility of Banking
Principle of commercial banking
Essentials of sound banking system
Multiple credit creation
Functions of Central Bank
Weapons of credit control and money market
National & International Financial Institutions
  10%
7International Trade
Basic feature of export and import
Competitive advantage of trade
5%
8Public Finance
Direct and indirect taxes
Principle of taxation
Effect of taxation on production and distribution
Deficit financing system
10%
B. Business Fundamentals (40 marks)
9Type of Business Unit
Sole proprietorship, Partnership, Companies,Cooperatives
Hindu Undivided Family
Joint Stock Companies
Public Utilities services
State Enterprises
Limited Liability Partnership
10%
10Company Organization and Management
Types of companies and their formation
Incorporation and commencement of business
Memorandum of Association, Articles of Association and Prospectus
Shares and debentures
Board of Directors and General Meeting
 10%
11Business Objectives
Concept and rationale of social responsibility
Business and its environment, interface with legal,political, economic, social and cultural aspects
5%
12Stock Exchange and its workings
Dealers and brokers transactions
Economic significance, condition of membership
Role of stock exchanges , Depository participant
10%
13Business Communication and Report Writing5%
Paper 4 : Business Mathematics and Statistics Fundamentals
[One paper: Three Hours – 100 marks]
1Arithmetic
Average, mixtures
Ratios and proportions
Computation of interest
Discounting of bills
 10%
2Algebra
Real and imaginary number, rational and irrationalnumber
Set theory and simple application of Venn diagram
Truth table and its applications
Indices and surds
Variation, Logarithms
Permutations and Combinations
Compound interest
Linear simultaneous equations ( 3 variables only)
Quadratic equations
Solution of linear inequalities ( by geometric methodonly)
    15%
3Mensuration
Area and perimeter of triangles, circles, parallelogram,regular polygon
Volume and surface of cube, prism, cylinder, pyramid,cone, and spheres ( including zone and segments)
     15%
4Co–ordinate Geometry
Plain co–ordinate Geometry ( Rectangular Cartesianco–ordinates only)
Length of line segments, Section ratio
Gradient of a line, equation of straight line, Circles,parabola, ellipse and hyperbola ( standard forms only)
 10%
5Calculus
Constant &Variables, Functions, Limit & Continuity
Differentiability & Differentiation, Derivatives and theiruse, Successive & partial differentiation
Maxima & Minima, Maxima & Minima under constraintusing Lagrange transform
Indefinite Integrals: as primitives, integration bysubstitution, integration by part
Definite Integrals: Evaluation of standard integrals, asarea under curve
Applications of Calculus
   15% 
6Statistical Methods
Data tabulation and presentation, frequency distribution
Measures of Central Tendency ( Mean, Median, mode)
Measurement of Dispersion ( range, mean deviation, standard deviation, variance)
Measures of Skewness & kurtosis
 35%

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