CMA Foundation is the initial step of the CMA course that prepares students for the second stage. ICMAI conducts this national-level test. The ICMAI conducts the CMA Foundation exams twice a year, in June and December. The mode of this examination is offline now. Students who have passed their 12th board exam from a recognised board are eligible to enroll in the CMA Foundation Course. This blog will lead you through the procedures while registering for and preparing for the CMA Foundation Exams. 

1. Important Dates of CMA Foundation.

Admission for the CMA Foundation course is open throughout the year. However, Students desirous to appear for the June Term Examination should apply before 31st January of that year and for the December Term Examination should apply before 31st July of that year.

2. What are the Eligibility Criteria of the CMA Foundation?

To be eligible for the CMA Foundation exam, candidates must meet certain requirements established by the Institute of Cost Accountants of India (ICMAI). These eligibility conditions are given on the ICMAI official website, and candidates should examine them before registering for the exam.

The following are the eligibility requirements for the CMA Foundation exam: 

• Candidates must have completed class 10 or a similar examination from a Recognized Board or Institution. 

• Candidates must also have passed the Senior Secondary Examination under the 10+2 scheme from a recognized board.

  OR

• Candidates must have passed the National Diploma in Commerce examination administered by the All India Council for Technical Education ( AICTE).

• Candidates who are awaiting the results can apply for provisional admission to the CMA Foundation exam.

3. CMA Foundation Registration Application Procedures.

Candidates can fill out the CMA Foundation application form by following the steps outlined below.-

Step 1 - Go to the ICMAI official website - icmai.in - Once on the ICMAI official website, click on the "Students" tab visible on the menubar.

Step 2 - Now click on the "Admission" link in the menu bar. 

Step 3 - Once on the admission page, click the "Online admission" link on the left side of the page.

Step 4: You will be taken to the online application page. Click  the "Apply for Foundation Course" option

Step 5 - Generate an OTP for CMA Foundation registration by entering the required information such as highest qualification, registration type, coaching type, email ID, and so on.

Step 6 - Log in with your CMA Foundation login credentials and fill out the CMA Foundation application form. Enter information such as your name, parent's name, gender, address, date of birth, qualifications, and so on. Check the information and then press the 'Save and Next' button.

Step 7 - Upload the required documents in accordance with the specifications specified by ICMAI. Identity proof, age proof, Class 10 mark sheet, and Class 12 mark sheet are all required documents.

Step 8 - Finish the payment process - Once you've completed all of the preceding steps, finish the registration process by making the payment. The fees must be paid in accordance with the type of coaching (oral or postal) that you have chosen. A confirmation receipt will be generated once the CMA Foundation registration fee has been successfully paid. It is recommended that you keep a copy of the receipt for future reference.

4. Documents to be Submitted During Registration of CMA Foundation.

5. CMA Foundation Registration Fees.

The CMA Foundation course has a registration fee of Rs. 6000. Students can pay their registration fees either online (net banking, cards, IDBI bank challan) or by postal service. After you pay the fees, your registration form is submitted to the ICMAI and your application is confirmed.

*Please keep in mind that fees for June exams must be paid by January 31st, and fees for December exams must be paid by July 31st.

The examination fee for the CMA Foundation Course is INR 1200 for Indian students and US $60 for international students.  Candidates must also pay the examination fee online using credit/debit cards or net banking.

6. CMA Foundation Subjects 

7. CMA Foundation Syllabus 2023

The CMA Foundation course syllabus consists of four subjects. The following is a list of the subjects and topics covered: 

Paper 1: FBLC 

The Indian Contracts Act of 1872

Negotiable Instruments Act of 1881

Business Communication 

SOGA 1930

Paper 2:  FFCA 

Accounting Fundamentals

Accounting for Special Transactions

Preparation of Final Accounts

Fundamentals of Cost Accounting

Paper 3: FBMS 

Arithmetic 

Algebra 

Calculus - Applications in Business 

Statistical Data Representation

Central Tendency and Dispersion 

Correlation and Regression 

Probability  

Time Series

Indexes

Paper 4:  FBEM

Basic Concepts

Forms of Market

Money and Banking

Economic and Business Environment

Fundamentals of Management

The updated syllabus for the CMA Foundation course for the exams is available here. Students can also use this direct ICMAI link to download the entire CMA Foundation syllabus 2023 pdf for the upcoming exams.

8. CMA Foundation Exam Study Material.

To pass the CMA exam, one must put in the effort while remaining focused and dedicated. Candidates should also follow the syllabus as directed by ICMAI and concentrate on the study materials provided by the institute. The CMA Foundation study materials and modules provided by ICMAI are important. In addition, students should concentrate on the Mock test series and the previous year's questions, which serve as the best revision and practice guide. Students can download it from the ICMAI website.

• 1st Paper – FBLC
• 2nd Paper – FFCA
• 3rd Paper – FBMS
• 4th Paper – FBEM
  

9. How to Fill the CMA Foundation Exam Form?

The conducting council has made the ICMAI CMA Foundation's online application form available on the official website. Candidates must keep track of the Exam deadlines and try to complete their forms on time. The following are the major steps that must be taken when filling out the forms for the CMA Foundation Course:

• Open the official ICMAI website, and select the Examination tab.

• Click on the "Online Exam form”

• Now, go to the online application form select the "Apply for Foundation Course" option CLICK HERE  and follow these steps:

Step 1: Enter your current registration number and click the "Click Here" button.

Step 2: Fill out the Student Details and click the "Submit" button.

Step 3: Upload your photo and signature in.jpg/.jpeg/.bmp format, under 40KB, and perfectly cropped.

Step 4: Payment -> Select Payable Mode -> Click the "Pay Now" button.

Once you've finished uploading the documents, you simply need to pay the required fee online.

10. How to get a CMA Foundation Admit Card?

Students must visit the ICMAI website to download the CMA Foundation admit card. After visiting the portal, Students should follow the following steps:

• You must obtain the CMA Foundation admit card online.

• To download their admit cards, candidates will need to enter their registration number.

• Keep a printout of the entire admit card on hand.

• Check that your basic information on the admit card is correct, such as the timings, candidate name, and location of the exam.

11. Procedure to Check the CMA Foundation Result 

•  Open the official website of ICMAI.

•  Click on the examination section Open the “result” tab from the dropdown menu.

•  Now select the exam for which you are appearing 
  
  
• Enter your identification number to see the results.
  
  
•  Check and download for future use.
  

12. How will SJC Help Our CMA Foundation Students to Clear their Exams?

Preparing for the CMA Foundation exams requires a systematic approach, and students can greatly benefit from such an approach. It's crucial for students to find the right mentor who can provide them with proper guidance from the very beginning. This mentorship helps students understand the syllabus thoroughly and ensures they complete it on time.

In today's fast-paced world, time is precious, and students often face challenges attending live classes due to college commitments, lack of available classes in their cities, or the need to travel long distances. To address these issues, SJC, with 15 years of experience in teaching CMA students, has introduced a groundbreaking solution for CMA Foundation students called the Revolutionary Batch.

In this innovative approach, classes will be conducted live online, enabling students to attend classes from the comfort of their homes. They can even interact with the teachers by using their microphones to ask questions and clarify doubts. Additionally, students will have access to unlimited video backups of the classes, ensuring they don't miss out on any important content.

Regular class tests will be conducted after the completion of each chapter, along with term-wise tests, which play a crucial role in helping students cover the syllabus effectively. The entire program is designed to be completed in 4-5 months, ensuring timely preparation for the exams.

SJC is committed to supporting students throughout their CMA Foundation journey. The dedicated team will provide continuous guidance and consultation to address any doubts that may arise after each class. CA Satish Jalan Sir will also be mentoring, imparting not only academic knowledge but also valuable life lessons to help students become not just good students but also good human beings.

The experienced faculty members of the CMA Foundation Revolution Batch include:

CA Abhimanyyu Agarrwal Sir - Accounts.

Prof. Vikash Poddar Sir - Economics.

CA Vivek Patwari - Maths, Statistics, and Logical Reasoning.

CS Nitin Chaturvedi -  Business Law.

Watch this video to get more details about our CMA Foundation Revolutionary Batch :