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Complete details of ICWAI | CMA Foundation Syllabus 2016

Complete details of ICWAI | CMA Foundation Syllabus 2016 

ICWAI | CMA Foundation Syllabus : We provide ICWAI | CMA Foundation Syllabus 2016 with detail content of each Paper of Foundation Exam.

CMA Syllabus 2016 – Foundation Course:

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 & Statistics

CMA SYLLABUS-2016 FOUNDATION COURSE

ICWAI | CMA Foundation Syllabus 2016:-PAPER – 1: FUNDAMENTALS OF ECONOMICS AND MANAGEMENT

Section A : Fundamentals of Economics

1. Basic Concepts of Economics – Micro & Macro Economics

  • (a) The Fundamentals of Economics
  • (b) Utility, Wealth, Production
  • (c) Theory of Demand (meaning, determinants of demand, law of demand, elasticity of demandprice,
    income and cross elasticity) and Supply (meaning, determinants, law of supply and
    elasticity of supply)
  • (d) Equilibrium
  • (e) Theory of Production (meaning , factors, laws of production- law of variable proportion, laws of
    returns to scale)
  • (f) Cost of Production (concept of costs, short-run and long-run costs, average and marginal costs,
    total, fixed and variable costs)

2. Forms of Market

  • Pricing strategies in various forms of markets

3. Money and Banking

  • (a) Definition of Money, Types, Features and Functions
  • (b) Definition, functions, utility, principles of Banking
  • (c) Commercial Banks, Central Bank
  • (d) Measures of credit control and Money Market

Section B : Fundamentals of Management

4 Management Process

  • (a) Introduction, planning, organizing, staffing, leading, control, communication, co-ordination
  • (b) Concept of Power, Authority, Delegation of Authority, Responsibility, Accountability
  • (c) Leadership & Motivation – Concept & Theories
  • (d) Decision-making – types of decisions, decision-making process.

ICWAI | CMA Foundation Syllabus 2016:-PAPER – 2: FUNDAMENTALS OF ACCOUNTING

Section A : Fundamentals of Financial Accounting [80 Marks]

1. Accounting Basics

  • (a) Accounting Principles, Concepts and Conventions
  • (b) Capital and Revenue transactions – capital and revenue expenditures, capital and revenue
    receipts
  • (c) Double entry system, Books of prime entry, Subsidiary Books, Cash Book
  • (d) Journal, Ledger, Trial Balance
  • (e) Depreciation – Methods (Straight Line and Diminishing Balance methods only)
  • (f) Rectification of Errors
  • (g) Opening entries, Transfer entries, Adjustment entries, Closing entries
  • (h) Bank Reconciliation Statements

2. Accounting for Special Transactions

  • (a) Bills of Exchange (excluding accommodation bill, insolvency)
  • (b) Consignment (cost price, invoice price, commission & valuation of stock)
  • (c) Joint Venture

3. Preparation of Final Accounts:

  • (a) Of a Profit making concern (for sole proprietorship concern only)
  • (i) Accounting treatment of bad debts, reserve for bad and doubtful debts, provision for
    discount on debtors and provision for discount on creditors.
  • (ii) Preparation of Trading Account, Profit & Loss Account and Balance Sheet.
  • (b) Of a Not-for- Profit making concern
  • (i) Preparation of Receipts and Payments Account
  • (ii) Preparation of Income and Expenditure Account

Section B : Fundamentals of Cost Accounting [20 Marks]

4. Fundamentals of Cost Accounting

  • (a) Meaning, Definition, Significance of Cost Accounting, its relationship with Financial
    Accounting & Management Accounting.
  • (b) Classification of Costs
  • (c) Format of Cost Sheet

CMA Syllabus 2016:-PAPER – 3: FUNDAMENTALS OF LAWS AND ETHICS

Section A : Fundamentals of Commercial and Industrial Laws

1. Indian Contracts Act, 1872

  • (a) Essential elements of a contract, offer and acceptance
  • (b) Void and voidable agreements
  • (c) Consideration, legality of object and consideration
  • (d) Capacity of Parties, free consent
  • (e) Quasi Contracts, Contingent Contracts
  • (f) Performance of contracts
  • (g) Discharge of contracts
  • (h) Breach of Contract and Remedies for Breach of Contract

2. Sale of Goods Act, 1930

  • (a) Definition
  • (b) Transfer of ownership
  • (c) Conditions and Warranties
  • (d) Performance of the Contract of Sale
  • (e) Rights of Unpaid Vendor
  • (f) Auction Sales

3 Negotiable Instruments Act, 1881

  • (a) Negotiable Instruments –Characteristics of Negotiable Instruments
  • (b) Definitions of Promissory Note, Bill of Exchange and Cheque
  • (c) Differences between Promissory Note, Bill of exchange and Cheque
  • (d) Crossing – Meaning, Definition and Types of Crossing.

Section B : Fundamentals of Ethics

4. Ethics and Business

  • (a) Ethics – Meaning, Importance
  • (b) The “Seven Principles of Public Life” – selflessness, integrity, objectivity, accountability, openness,honesty and leadership
  • (c) The relationship between Ethics and Law
  • (d) Ethics in Business

CMA Syllabus 2016:-PAPER – 4 : FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS

Section A : Fundamentals of Business Mathematics [40 Marks]

1. Arithmetic

  • (a) Ratios, Variations and Proportions
  • (b) Simple and Compound interest
  • (c) Arithmetic Progression and Geometric Progression.

2. Algebra

  • (a) Set Theory
  • (b) Indices and Logarithms (basic concepts)
  • (c) Permutation and Combinations (basic concepts)
  • (d) Quadratic Equations (basic concepts)

Section B : Fundamentals of Business Statistics [60 Marks]

3. Statistical Representation of Data

  • (a) Diagrammatic representation of data
  • (b) Frequency distribution
  • (c) Graphical representation of Frequency Distribution – Histogram, Frequency Polygon Curve,
    Ogive, Pie-chart

4. Measures of Central Tendency and Dispersion

  • (a) Mean, Median, Mode, Mean Deviation
  • (b) Range, Quartiles and Quartile Deviation
  • (c) Standard Deviation
  • (d) Co-efficient of Variation
  • (e) Karl Pearson and Bowley’s Co-efficient of Skewness

5. Correlation and Regression

  • (a) Scatter diagram
  • (b) Karl Pearson’s Coefficient of Correlation
  • (c) Regression lines, Regression equations, Regression coefficients

6. Probability

  • (a) Independent and dependent events; Mutually exclusive events
  • (b) Total and Compound Probability; Baye’s theorem; Mathematical Expectation

CMA Syllabus 2016 – Foundation Course:

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