CMA Foundation Course – Complete Overview
CMA Foundation is the entry level exam for the students who want to pursue a CMA course. This course is designed by board members of ICAI (Institute of cost and management accounting). CMA foundation exams are conducted twice a year in the months of June and December. This year due to pandemic CMA foundation is going to conduct in the month of July 2021. Students who want to pursue this course must check their eligibility before filling the registration form. Here in this article, you will find the complete details about the CMA foundation course like registration, last date to fill the form, duration of course, syllabus, exam pattern etc.
Let us explore the various aspects of the CMA foundation course in detail.
ICAI CMA Foundation Important Dates:
Students who are eligible for the CMA foundation exam must check the date of registration on the official website for this course. The July exams date to fill the registration form is expired but you can fill the CMA Foundation registration form for December exams.
Every year exams are conducted by ICAI twice in the months of June and December. As stated CMA foundation candidates must register themselves four months prior to the examination. Students need to register themselves in the month of January to appear in the June exam and register in the month of July to appear for exams in the month of December.
Students can register themselves by visiting the official website. Forms are subject to fill via the online mode only. While filling the details students need to be very careful.
Check out the important dates for CMA foundation exam in the table given below:
| CMA Foundation 2021 Examination | June 2021 |
|---|---|
| Last Date to submit application form | 20th May 2021 |
| Admit Card Date | To be announced |
| Exam Date | 23rd July 2021 |
| Result Date | To be announced |
CMA Foundation Course Eligibility:
Students of commerce, science and arts who have completed their 12th examination are eligible to register for CMA foundation exams. Commerce students have a slight advantage of opting this course as they are familiar with the subjects. Science and Arts students can also apply for a CMA course with the same enthusiasm as they have a good analytical approach.
Students after appearing in 12th board exams from any recognized board can register for the CMA foundation course. Graduate or postgraduate students can apply for this course directly by registering themselves for the CMA intermediate course.
CMA Foundation Syllabus:
The CMA Foundation course has four subjects.
1) Fundamental of Economics and Management
2) Fundamentals of Accounting
3) Fundamentals of Laws and Ethics
4) Fundamentals of Business Mathematics & Statistics
Each CMA foundation paper weightage is 100 marks and duration of 3 hours. CMA foundation syllabus is updated by the ICAI so students are advised to study with the latest syllabus which is available on the official website.
CMA Foundation Application Form:
Eligible students can fill the CMA foundation application form online. Those who want to register for CMA foundation exams need to fill the form before 31st July to appear for December month exams. To register for the exams you have to visit the official website of ICAI. After submitting the CMA foundation application fee, students will be able to download the form.
| CMA Foundation Application Form Fees | Rs 6000 |
|---|
| CMA-FOUNDATION | AMOUNT | TIME |
| 1stINSTALLMENT | 11,000.00 | On Spot |
| 2nd INSTALLMENT | 10,000.00 | Within One Month |
| Total | 21,000.00 | |
| Note: If lumsum fee, deposit 20,000.00 only | ||
CMA Foundation Exam Pattern:
Before registering for the CMA foundation course students should check the exam pattern carefully.
| Mode of Exam | Online |
|---|---|
| Type of Exam | MCQ |
| Weightage | 100 marks each paper |
| Number of Papers | 4 Papers |
How to Apply for CMA Foundation Online:
Follow the steps given below to fill the CA foundation registration form under New syllabus 2016. This year exams will be conducted in the months of July and December. As July exams forms are closed, students should start filling the CMA foundation application form for December 2021 exams.
Note: Students must fill the form four months prior to the exams. The last date to fill the CMA foundation application form is 31st July for December exams.
Step 1: Visit the official website to fill the Application form.
Step 2: Click selecting the application form option, you will be redirected to a new page where you have to choose either oral or postal coaching.
Step 3: Fill the details:
a) Select the course: Coaching type, course type.
b) Personal information: Name, Father’s/Mother’s name, Nationality, DOB, Gender, Marital Status.
c) Address Details: Permanent Address mentioned in your Aadhar card
d) Submit your documents like 10th and 12th board marksheet
e) Pay the CMA Foundation application fees
f) Upload your passport size photograph and signature.
About ICMAI:
The Institute of Cost Accountants of India (ICAI) was established in 1944 in India. This body is formed to build with an objective to promote, develop and regulate the Cost Accountancy. Demand of CMA certified candidates is increasing and thus it is the only statutory body which is specialized in Cost and Management Accountancy.
FAQs on CMA Foundation Course 2021:
Q: How do I become a CMA Foundation?
A: To become a CMA in India students need to register themselves and clear the three levels of foundation, intermediate and final.
Q: What is CMA course fees in India?
A: Complete CMA Course fees in India is Rs 6000.
Q: Is CMA Foundation Course easy?
A: CMA foundation course is the first level to become a professional cost and management accountant. Students should take it seriously as it is not easy to pass this level.
Q: How many years course is CMA?
A: It generally takes around 3- 4 years to become a CMA.
