CMA Foundation syllabus

Offline OMR examination of four multiple-choice papers, 50 questions and 100 marks each, sat as two sessions of two papers in 120 minutes. A question carries 2 marks, and there is no negative marking.

Paper 1: Fundamentals of Business Laws and Business Communication

50 questions, 100 marks · Shares the 2 hours of Session 1 with Paper 2

Section A, Fundamentals of Business Laws, is 80% and Section B, Business Communication, is 20% in the Syllabus 2022 document. Each question carries 2 marks; there is no negative marking.

  • Introduction to law: sources, legislative process, courts (10%)
  • Indian Contract Act, 1872 (30%)
  • Sale of Goods Act, 1930 (20%)
  • Negotiable Instruments Act, 1881 (20%)
  • Business Communication (20%)

Paper 2: Fundamentals of Financial and Cost Accounting

50 questions, 100 marks · Shares the 2 hours of Session 1 with Paper 1

Section A, Financial Accounting, is 70% and Section B, Cost Accounting, is 30%. Each question carries 2 marks; there is no negative marking.

  • Accounting fundamentals: concepts, books, bank reconciliation, trial balance, rectification, depreciation (30%)
  • Special transactions: consignment, joint venture, bills of exchange (15%)
  • Final accounts of a sole proprietor and a not-for-profit organisation (25%)
  • Fundamentals of cost accounting and the cost sheet (30%)

Paper 3: Fundamentals of Business Mathematics and Statistics

50 questions, 100 marks · Shares the 2 hours of Session 2 with Paper 4

Section A, Business Mathematics, is 40% and Section B, Business Statistics, is 60%. Each question carries 2 marks; there is no negative marking.

  • Arithmetic: ratio, interest and annuity, progressions, time and distance (15%)
  • Algebra: sets, indices and logarithms, permutations and combinations, quadratic equations (20%)
  • Calculus in business (5%)
  • Statistical representation of data (5%)
  • Central tendency and dispersion (15%)
  • Correlation and regression (15%)
  • Probability (15%)
  • Index numbers and time series (10%)

Paper 4: Fundamentals of Business Economics and Management

50 questions, 100 marks · Shares the 2 hours of Session 2 with Paper 3

Section A, Business Economics, is 70% and Section B, Management, is 30%. Each question carries 2 marks; there is no negative marking.

  • Basic concepts: demand, supply, production, cost (15%)
  • Forms of market and price discrimination (20%)
  • Money and banking (20%)
  • Economic and business environment: PESTEL, VUCAFU (15%)
  • Fundamentals of management (30%)