CMA Foundation Exam & CMA Foundation Syllabus
CMA Foundation Exam is a pen and paper-based disconnected expressive test conducted by the Institute of Cost Management Accountants of India.. There are four papers in the test. Each is worth 100 stamps and is of 3 hours’ length. The test is directed for more than four days. It is held twice yearly: one in June and the other in December.
QUALIFICATION REQUIREMENTS AND REGISTRATION
You’ll need to show up for The Secondary School Examination (10+2) or its perceived proportionate by the Central Government.
On the off chance that you’ve met this essential, you can enroll. Note that on the off chance that you are sitting tight for your outcomes, you can apply for temporary enlistment.
You can enlist in one of two different ways:
- Offline registration
- Online registration
In the event that you pick disconnected enrollment, you’ll need to mail in your application to your individual territorial boards/parts.
For online registration, you will need to register on the ICMAI website itself.
CMA FOUNDATION EXAM OVERVIEW
As we said previously, there are four papers in the test. The span of each paper is 3 hours. Each paper is worth 100 imprints. The table underneath shows the breakdown:
|1||Fundamentals of Economics and Management||100|
|Section A: Fundamentals of Economics||50|
Fundamentals of management
|2||Fundamentals of Accounting||100|
|Section A: Fundamentals of Financial Accounting||80|
|Section B: Fundamentals of Cost Accounting||20|
|3||Fundamentals of Laws and Ethics||100|
|Section A: Fundamentals of Commercial Laws||70|
|Section B: Fundamentals of Ethics||30|
|4||Fundamentals of Business Mathematics & Statistics||100|
|Section A: Fundamentals of Business Mathematics||40|
|Section B: Fundamentals of Ethics||60|
PAPER 1: FUNDAMENTALS OF ECONOMICS AND MANAGEMENT (100 Marks)
As per the ICMAI, the target of this paper, Fundamentals of Economics and Management is for you to “increase essential information in Economics and comprehend the idea of the board at the large scale and miniature level.” furthermore, you ought to have the option to “conceptualize the essential standards of the executives.”
The absolute length of the paper is 3 hours. The paper is part into two segments – arrangements with the Fundamentals of Economics while Section B manages the Fundamentals of Management. It is a distinct paper and the mode is disconnected (pen and paper based). The paper is worth 100 imprints. Each part is worth 50 stamps separately.
Here is the breakdown of the prospectus and the imprints distributed to every theme:
PAPER 2: FUNDAMENTALS OF ACCOUNTING (100 Marks)
As indicated by ICMAI, the goal of the paper is for you “to increase far reaching comprehension of all angles identified with fiscal summaries, standards, systems of bookkeeping and their application to various viable circumstances.”
The term of the paper is 3 hours. It is part into two areas. Segment an arrangement with the Fundamentals of Financial Accounting. Area B manages the Fundamentals of Cost Accounting. It is a clear paper and the mode is disconnected (pen and paper based). The paper is worth 100 imprints. Section A is worth 80 imprints while Section B is worth 20 imprints.
The table beneath shows the breakdown of the prospectus and imprints allotted to every theme:
PAPER 3: FUNDAMENTALS OF LAWS AND ETHICS (100 Marks)
As per ICMAI, the goal is “to increase fundamental information parents in law and Ethics to comprehend the ideas of administrative consistence, necessities and wanted morals anticipated from experts.”
The length of the paper is 3 hours. It is part into two segments – An arrangement with the Fundamentals of Commercial Laws. Area B manages the Fundamentals of Ethics. It is an enlightening paper and the mode is disconnected (pen and paper based). The paper is worth 100 imprints. Segment and is worth 70 imprints while Section B is worth 30 imprints.
The table underneath shows the breakdown of the prospectus and imprints assigned to every point:
PAPER 4: FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS
As per ICMAI, the goal is “to increase understanding on the essential ideas of science and measurements and its application in business dynamic.”
The length of the paper is 3 hours. It is part into two areas. Segment An arrangements with the Fundamentals of Business Mathematics. Segment B manages the Fundamentals of Business Statistics. It is an illustrative paper and the mode is disconnected (pen and paper based). The paper is worth 100 imprints. Segment An is worth 40 imprints while Section B is worth 60 imprints.
The table below shows the breakdown of the syllabus and marks allocated to each topic:
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CMA EXAM PREPARATION TIPS:
- Experience past inquiry papers and false tests: When you’ve experienced the schedule, it’s an ideal opportunity to get it together of past inquiry papers and false tests. You can locate some fake tests in the previously mentioned sites in the understudy gateways. After you have the inquiry papers, it’s an ideal opportunity to do an examination. Separate each paper and check whether the inquiries follow the weightage/design given by the prospectuses. You will see that generally, they do. You may think then this is an exercise in futility. Why dissect the papers if the weightage is as of now spread out? The bit of leeway is that your mind learns by model. Hypothetically you know from the prospectuses, the unpleasant weightage. It’s something else to see it! What’s more, it primes your cerebrum for additional investigation.
- Setting up a Timetable: Since you realize what will in the paper, you have to draw up a schedule. Record for all your normal everyday exercises. Maybe you are in your article-ship stage. Maybe you are doing BCom or something as an afterthought. Whatever it is, you have to save time for that. Additionally, allow for relaxation and exercise. Try to remember the examination systems that we talk about beneath. This guarantees your examination will be as proficient as could be expected under the circumstances.
- Use Study Strategies: Prior to hopping carelessly, it’s a smart thought to make sense of best investigation rehearses. You may have utilized a portion of these previously, and some might be totally new to you. Yet, trust us. Utilizing these techniques will improve your effectiveness of study! People gain proficiency with the best when they don’t pack. Rather than experiencing similar material 8 hours in a row, it’s ideal to separate this investigation into short time frames an hour or two. Actually, it might be useful to leave a day or two between study meetings on a similar subject! The way in to this is reliable investigation after some time. Coincidentally, when you proceed onward to the following investigation stretch, make a point to update ideas from prior. Audit the past meeting’s information, at that point significant subjects from like seven days prior, etc till the start of the material. It’s speedy modification, so there’s no compelling reason to go into substantial subtleties. Also, it’s not tied in with rehashing significant thoughts. (Utilize different techniques in this rundown for how to do this concise survey.) After this short modification, proceed onward to fresher stuff. Study along these lines on the grounds that:
(a) Its more productive and
(b) You don’t sit around later on relearning a similar material.
Likewise, first make a rundown of the thoughts that you have to know from the examination material and prospectus. A smart thought is to drill down the investigation headings maybe. At that point, as you go down the rundown, ask yourself inquiries regarding how and for what reason these thoughts work. Record the inquiries on a different bit of paper. At that point answer the inquiries by taking a gander at the investigation material.
How to Become a CMA | Cost and Management Accountant
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