The Institute of Cost Accountants of India (ICMAI) has made significant changes for the June 2023 session of the CMA Foundation. The exam will now be held on July 16, 2023, according to the new schedule. The application form submission date has also been extended by ICMAI till May 16, 2023.

Furthermore, the Institute has implemented a new approach to CMA Foundation exams. Exams will henceforth be administered offline at designated locations in the coming months. Another noteworthy change is that the exam style will now incorporate objective or multiple-choice questions, giving applicants an opportunity to demonstrate their knowledge.

These changes are intended to improve the examination process and provide a more thorough evaluation of candidates' abilities for the CMA Foundation exam, which is the entry-level course for cost and management accounting.

In this article, we will look at the exam format, eligibility requirements, application process, and exam pattern for the CMA Foundation June 2023 session. We'll provide complete information on each component, ensuring that potential candidates have a thorough understanding of the examination process.

CMA Foundation June 2023 Dates

Exam Pattern for CMA Foundation 2023

The CMA Foundation Exam is structured around multiple-choice questions (MCQ). There are four papers in all, each worth 100 marks. There will be 50 questions in total on each exam, and each question will be worth two marks. More importantly, no marks are deducted for wrong answers.

The exam is divided into two sessions: Session I and Session II. The first session runs from 10:00 AM to 12:00 PM, while the second session runs from 2:00 PM to 4:00 PM. Paper I (100 marks) and Paper II (100 marks) are included in Session I, which is worth 200 marks. Paper III (100 marks) and Paper IV (100 marks) are both part of Session II.

During the exam, students are only authorized to carry the question paper. It is not authorised to leave the examination room until the exam has been completed. It is worth noting that the CMA Foundation Exam has no negative marking. In each session, the invigilator will only collect bubbled OMR sheets.

This exam pattern attempts to give an organised and synchronised method to evaluate candidates' knowledge and understanding at the foundation level.

CMA Foundation Eligibility Requirements for 2023

Candidates are recommended to check the official eligibility criteria specified by the Institute of Cost Accountants of India (ICMAI) on its official website prior to filling out the CMA Foundation exam application form. The following are the requirements for 2023's CMA Foundation eligibility:

• Candidates must have passed class 10 or an equivalent examination from a recognised board or institution.
• Candidates must have successfully passed either a test recognised by the federal government or the Senior Secondary Examination offered under the 10+2 Scheme by a recognised board. Students also need to have passed the National Diploma in Commerce exam offered by the All India Council for Technical Education (AICTE) or any State Board of Technical Education. Another accepted credential is the Diploma in Rural Service test from the National Council of Higher Education.

Candidates can fill out the CMA Foundation exam application form with confidence by making sure they meet the required eligibility requirements.

Application Process for CMA Foundation 2023

Candidates may select between online and postal (e-learning) registration options for the CMA Foundation Exam 2023. The application procedure is still open all year long, however before submitting the form, you must be aware of the deadlines for registration. The June 2023 registration period was open until February 10, 2023.

CMA Foundation registration documents required:

• copy of the Class 10 mark sheet.
• A certified copy of the Class 12 mark sheet.
• Three passport-sized photographs of the candidate.

By following the below-mentioned steps you can register for the CMA Foundation Exam in 2023:

Step 1: Go to the official ICMAI website- icmai.in/studentswebsite.

Step 2: Click on the "Online Admission" link.

Step 3: Select "Apply for Foundation" and set up your login details.

Step 4: Complete the CMA Foundation application, add the required files, and make a payment using one of the various options available, such as NEFT, a credit card, a debit card, or net banking.

Step 5: Download and preserve the confirmation receipt for your records.

Candidates can successfully register for the CMA Foundation Exam 2023 and acquire the required confirmation receipt as verification of their registration by following these instructions.

Official Notice of CMA Foundation Exam: Click Here

Check this video to get more details.