CMA Foundation Syllabus 2019 Download pdf – Subjects in ICWAI Foundation, Marks & Weightage

Download CMA Foundation Syllabus for June 2019 & December 2019 in PDF. ICWAI (ICMAI) has updated the CMA Foundation Syllabus for 2019 in India. Here you can download the CMA / CWA Foundation New Syllabus, Subjects list Chapters and topics in pdf format. There are 4 subjects in CMA Foundation Course. Following are the applicable syllabus of CMA Foundation 2019. You can also download old CMA Foundation Syllabus 2018. Earlier we’ve provided CMA Foundation Syllabus for June 2018 and December 2018 also.

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Subjects in CMA Foundation (Syllabus – 2016)

  • 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

ICMAI Foundation Syllabus Weightage 2018

ICMAI Foundation Syllabus 2018
Paper 1: Fundamentals of Economics and Management (FEM)
Fundamentals of Economics50%
Fundamentals of Management50%
Paper 2: Fundamentals of Accounting (FOA)
Fundamentals of Financial Accounting60%
Fundamentals of Cost & Management Accounting40%
Paper 3: Fundamentals of Laws and Ethics (FLE)
Fundamentals of Commercial and Industrial Laws80%
Fundamentals of Ethics20%
Paper 4 : Fundamentals of Business Mathematics and Statistics(FBMS)
Fundamentals of Business Mathematics40%
Fundamentals of Business Statistics60%

Note : Subjects related to provisions of law/ applicable statutes shall be read with amendments made from time to time.

ICWAI Foundation Syllabus | CMA Foundation Syllabus 2019

Now we are providing ICMAI CMA Foundation syllabus which is applicable from 2016 in PDF format. Click below links to download

1Fundamentals of Economics and Management (FEM)Download
2Fundamentals of Accounting (FOA)Download
3Fundamentals of Laws and Ethics (FLE)Download
4Fundamentals of Business Mathematics and Statistics(FBMS)Download

CMA Foundation Syllabus Chapters & Topic-wise

Following are the contents of syllabus-2016 for CMA Foundation Course which is applicable for Dec 2018 & June 2019.

CMA Foundation Syllabus Paper 1 Fundamentals of Economics and Management (FEM)

There are two sections in paper-1 viz. A) Fundamentals of Economics and B) Fundamentals of Management. Each of them carries 50% weightage.

Section A: Fundamentals of Economics
1. Basic concepts of Economics20%
2. Forms of Market20%
3. Money and Banking10%
Section B: Fundamentals of Management
4. Management Process50%

Section A (Fundamentals of Economics):

In this section there are mainly three topics which has been explained in detail hereunder.

1. Basic Concepts of Economics – Micro & Macro Economics (20 Marks)

(a) The Fundamentals of Economics
(b) Utility, Wealth, Production
(c) Theory of Demand (meaning, determinants of demand, law of demand, elasticity of demand price, 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 (20 Marks)

Pricing strategies in various forms of markets

3. Money and Banking (10 Marks)

(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):

In this section there are only one topic which has been explained in detail hereunder.

4. Management Process (50 Marks)

(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.

CMA Foundation Syllabus Paper 2 Fundamentals of Accounting (FOA)

There are two sections in paper-1 viz. A) Fundamentals of Financial Accounting B) Fundamentals of Cost Accounting. The first section carries 80% weightage whereas the second section carries the balance 20% weightage

Section A: Fundamentals of Financial Accounting
1. Accounting Fundamentals35%
2. Accounting for Special Transactions20%
3. Preparation of Final Accounts25%
Section B: Fundamentals of Cost Accounting
4. Fundamentals of Cost Accounting20%

Section A (Fundamentals of Financial Accounting):

This section is very important for the second paper of CMA foundation course as it carries 80% weightage. The detail contents have been explained below.

1. Accounting Basics (35 Marks)

(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 (20 Marks)

(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 (25 Marks)

(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):

Only one main topic is covered under this section which itself carries 20% weightage. The contents have been explained under.

4. Fundamentals of Cost Accounting (20 Marks)

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

CMA Foundation Syllabus Paper 3 Fundamentals of Laws and Ethics (FLE)

There are two sections in paper-1 viz. A) Fundamentals of Commercial Laws B) Fundamentals of Ethics. The first section carries 70% weightage whereas the second section carries the balance 30% weightage.

Section A: Fundamentals of Commercial Laws
1. Indian Contracts Act, 187240%
2. Sale of Goods Act, 193020%
3. Negotiable Instruments Act, 188110%
Section B: Fundamentals of Ethics
4. Ethics and Business30%

Section A (Fundamentals of Commercial and Industrial Laws):

Section A of paper-3 of CMA Foundation course contains three topics which are site below in detail.

1. Indian Contracts Act, 1872 (40 Marks)

(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 (20 Marks)

(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 (10 Marks)

(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):

In this section there is only one topic of which the detail contents have been explained hereunder.

4. Ethics and Business (30 Marks)

(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 Foundation Syllabus Paper 4 Fundamentals of Business Mathematics and Statistics (FBMS)

There are two sections in paper-1 viz. A) Fundamentals of Business Mathematics B) Fundamentals of Business Statistics. The first section carries only 40% weightage whereas the second section carries 60% weightage.

Section A: Fundamentals of Business Mathematics
1. Arithmetic20%
2. Algebra20%
Section B: Fundamentals of Business Statistics
3. Statistical representation of Data10%
4. Measures of Central Tendency and Dispersion30%
5. Correlation and Regression10%
6. Probability10%

Section A (Fundamentals of Business Mathematics):

There are only two topics covered in the section A of Paper-4 of CMA Foundation Course syllabus.

1. Arithmetic (20 Marks)

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

2. Algebra (20Marks)

(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):

Section B of Paper-4 of CMA Foundation Course discussed six topics in detail as sited below.

3. Statistical Representation of Data (10 Marks)

(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 (30 Marks)

(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 (10 Marks)

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

6. Probability (10 Marks)

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

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