CMA Foundation Syllabus pdf for June 2021 & Dec 2021 – Syllabus 2024

Download CMA Foundation Syllabus pdf for June 2021 & Dec 2021. Get CMA Foundation New Syllabus 2016 Details. Earlier we’ve provided CMA Foundation Study Material for 2021 (Syllabus 2016). The following article contains the Latest Syllabus 2016 which is applicable for CMA Foundation 2021 and also contains the CMA Foundation Syllabus weightage of the chapters. We all know that ICAI (earlier ICWAI) has made changes in CMA Foundation Syllabus and it is known as CMA Syllabus 2018 which is applicable from Dec 2016 onwards. 

Download CMA Foundation Syllabus pdf for 2021

In the latest syllabus 2021 for CMA Foundation, There are Four Subjects

• Fundamental of Economics and Management is the Paper-1,
• Fundamentals of Accounting is Paper 2,
• Fundamentals of Laws and Ethics is the Paper 3 and
• Fundamentals of Business Mathematics & Statistics is the Paper 4.

Each Paper is for 100 marks in the exam and duration of 3 hours. CMA Foundation New Syllabus 2016 which is applicable from 1^st August 2016 that means from December 2016 attempt. Students who wants to prepare for CMA Foundation 2021 exam, should prepare revised CMA Foundation Study material only(Only Syllabus 2016).

Subjects in CMA Foundation Syllabus 2024 

CMA Foundation Syllabus 2016 – Contents and Weightage

PAPER – 1: FUNDAMENTALS OF ECONOMICS AND MANAGEMENT (FEM)

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.

PAPER – 2: FUNDAMENTALS OF ACCOUNTING (Accounts)

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

PAPER – 3: FUNDAMENTALS OF LAWS AND ETHICS (Law)

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

PAPER – 4: FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS (FBMS)

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

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