Cost & Management Accountancy Foundation Course Examination
Overview
About CMA Foundation
The CMA Foundation is the entry-level stage of the Cost and Management Accountant qualification in India. It is conducted by the Institute of Cost Accountants of India (ICMAI), a statutory professional body set up under the Cost and Works Accountants Act, 1959, and working under the Ministry of Corporate Affairs.
Passing the Foundation is the route into the CMA Intermediate course. It sits at the base of ICMAI's three-tier structure of Foundation, Intermediate and Final, so it is a gateway within that qualification rather than an admission test for outside colleges or universities. Registration requires a pass in Class 10 or an equivalent examination, while completion of the Foundation requires a pass in the Senior Secondary (10+2) examination or its equivalent. ICMAI conducts it twice a year, in June and December.
Sources: ICMAI – Overview of CMA Course, Course Eligibility · Institute of Cost Accountants of India – Wikipedia
At a glance
CMA Foundation highlights
Every figure traces to an official source.
| Full name | Cost & Management Accountancy Foundation Course Examination |
| Conducting body | Institute of Cost Accountants of India (ICMAI) |
| Level | UG |
| Mode of exam | Offline (pen-paper, objective MCQ) |
| Frequency | 2 (June and December) per year |
| Scope | National |
| Sections | 4 papers: (1) Fundamentals of Business Laws and Business Communication, (2) Fundamentals of Financial and Cost Accounting, (3) Fundamentals of Business Mathematics and Statistics, (4) Fundamentals of Business Economics and Management |
| Marking scheme | Objective MCQ; each paper 100 marks (50 questions x 2 marks); no negative marking. Pass = 40% per paper and 50% aggregate. |
Deep dives
Everything you need to know
Eligibility
- ·Candidate must have passed the Senior Secondary (10+2) examination or equivalent and registered for the CMA Foundation course. There is no age limit.
Exam pattern
- ·Sections: 4 papers: (1) Fundamentals of Business Laws and Business Communication, (2) Fundamentals of Financial and Cost Accounting, (3) Fundamentals of Business Mathematics and Statistics, (4) Fundamentals of Business Economics and Management
- ·200 questions
- ·400 total marks
- ·Marking: Objective MCQ; each paper 100 marks (50 questions x 2 marks); no negative marking. Pass = 40% per paper and 50% aggregate.
Syllabus
- ·Business laws and communication; financial and cost accounting fundamentals; business mathematics and statistics; business economics and management.
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