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CMA Foundation Syllabus 2026, Exam Pattern
CMA Foundation Syllabus 2026, Exam Pattern, Exam Date 2026
Detail Information about ICMAI CMA has published notification 2026 for the notification of CMA Foundation Entrance Exam. Those Candidates who are Interested to the following Entrance exam and completed all Eligibility Criteria can read the Notification & Apply Online. In this page we provide the Complete Syllabus of this Notification with Latest Update Exam Pattern and the Exam Date also.
CMA Foundation Syllabus 2026 – Overview
|
Organization Name
|
Institute of Cost Accountants of India (ICMAI), CMA |
| Course Name | CMA Foundation |
| Application Mode | Online |
| Category | Syllabus and Exam Pattern |
|
Official Website
|
www.icmai.in |
CMA Foundation Syllabus 2026
PAPER 1: Fundamentals Of Business Laws and Business Communication (FBLC)
Section A: Fundamental of Business Laws
1. Introduction :
1. Sources of Law
2. Legislative Process in India
3. Legal Methods and Court System in India
4. Primary and Subordinate Legislation
1. Sources of Law
2. Legislative Process in India
3. Legal Methods and Court System in India
4. Primary and Subordinate Legislation
2. Indian Contract Act, 1872 :
1. Essential Elements of a Contract, Offer and Acceptance
2. Void and Voidable Agreements, No Consideration No Contract
3. Consideration, Legality of Object and Consideration
4. Capacity of Parties, Free Consent
5. Contingent Contracts
6. Performance of Contracts
7. Meaning of Indemnity, Guarantee, Pledge, Agent
8. E-Contracts and E-Signature – Meanings and Requirements
9. Discharge of Contracts
10. Breach of Contract and Remedies for Breach of Contract
3. Sale of Goods Act, 1930 :
1. Definition
2. Transfer of Ownership
3. Essential Conditions of a Contract of Sale
4. Conditions and Warranties
5. Performance of the Contract of Sale
6. Rights of Unpaid Seller
1. Essential Elements of a Contract, Offer and Acceptance
2. Void and Voidable Agreements, No Consideration No Contract
3. Consideration, Legality of Object and Consideration
4. Capacity of Parties, Free Consent
5. Contingent Contracts
6. Performance of Contracts
7. Meaning of Indemnity, Guarantee, Pledge, Agent
8. E-Contracts and E-Signature – Meanings and Requirements
9. Discharge of Contracts
10. Breach of Contract and Remedies for Breach of Contract
3. Sale of Goods Act, 1930 :
1. Definition
2. Transfer of Ownership
3. Essential Conditions of a Contract of Sale
4. Conditions and Warranties
5. Performance of the Contract of Sale
6. Rights of Unpaid Seller
4. Negotiable Instruments Act, 1881 :
1. Characteristics of Negotiable Instruments
2. Definitions of Promissory Note, Bill of Exchange and Cheque
3. Difference between Promissory Note, Bill of Exchange and Cheque
4. Crossing – Meaning, Definition and Types of Crossing
5. Dishonour of Cheques (Section 138)
1. Characteristics of Negotiable Instruments
2. Definitions of Promissory Note, Bill of Exchange and Cheque
3. Difference between Promissory Note, Bill of Exchange and Cheque
4. Crossing – Meaning, Definition and Types of Crossing
5. Dishonour of Cheques (Section 138)
Section B: Business Communication
1. Introduction to Business Communication
2. Features of Effective Business Communication
3. Process of Communication
4. Types of Business Communication
(i) Formal and Informal Communication
(ii) Written, Verbal and Non-verbal Communication
(iii) Vertical, Horizontal and Diagonal Communication
(iv) Upward and Downward Communication
5. Internet-based Business Communication
6. Do’s and Don’ts of Communication through Social Media
7. Writing and Drafting for Business Audiences
(i) Letter and Memorandum
(ii) Report – Formal and Informal
(iii) Business Proposal
(iv) Enhancement of Writing Skills
8. Intercultural and International Business Communication
9. Barriers to Business Communication
10. Legal Aspects of Business Communication
11. Use of Graphics and References for Business Communication
1. Introduction to Business Communication
2. Features of Effective Business Communication
3. Process of Communication
4. Types of Business Communication
(i) Formal and Informal Communication
(ii) Written, Verbal and Non-verbal Communication
(iii) Vertical, Horizontal and Diagonal Communication
(iv) Upward and Downward Communication
5. Internet-based Business Communication
6. Do’s and Don’ts of Communication through Social Media
7. Writing and Drafting for Business Audiences
(i) Letter and Memorandum
(ii) Report – Formal and Informal
(iii) Business Proposal
(iv) Enhancement of Writing Skills
8. Intercultural and International Business Communication
9. Barriers to Business Communication
10. Legal Aspects of Business Communication
11. Use of Graphics and References for Business Communication
Paper 2: Fundamentals of Financial and Cost Accounting
Section A: Fundamentals of Financial Accounting
1. Accounting Fundamentals
1. Understanding of Four Frameworks of Accounting (Conceptual, Legal, Institutional and Regulatory) and Forms of Organization
2. Accounting Principles, Concepts, and Conventions
3. Capital and Revenue Transactions – Capital and Revenue Expenditures, Capital and Revenue Receipts
4. Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction – Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books and Finalization of Accounts
5. Journal (Day Books; Journal Proper – Opening, Transfer, Closing, Adjustment, and Rectification Entries), Ledger
6. Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement
7. Trial Balance
8. Adjustment Entries and Rectification of Errors
9. Depreciation (Straight Line and Diminishing Balance Methods only)
10. Accounting Treatment of Bad Debts and Provision for Doubtful Debts
2. Accounting for Special Transactions
1. Consignment
2. Joint Venture
3. Bills of Exchange (excluding Accommodation Bill, Insolvency)
1. Understanding of Four Frameworks of Accounting (Conceptual, Legal, Institutional and Regulatory) and Forms of Organization
2. Accounting Principles, Concepts, and Conventions
3. Capital and Revenue Transactions – Capital and Revenue Expenditures, Capital and Revenue Receipts
4. Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction – Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary Books and Finalization of Accounts
5. Journal (Day Books; Journal Proper – Opening, Transfer, Closing, Adjustment, and Rectification Entries), Ledger
6. Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement
7. Trial Balance
8. Adjustment Entries and Rectification of Errors
9. Depreciation (Straight Line and Diminishing Balance Methods only)
10. Accounting Treatment of Bad Debts and Provision for Doubtful Debts
2. Accounting for Special Transactions
1. Consignment
2. Joint Venture
3. Bills of Exchange (excluding Accommodation Bill, Insolvency)
3. Preparation of Final Accounts
1. Preparation of Financial Statements of Sole Proprietorship
(i) Income Statement, Balance Sheet
2. Preparation of Financial Statements of a Not-for-Profit Organisation
(i) Preparation of Receipts and Payments Account
(ii) Preparation of Income and Expenditure Account
(iii) Preparation of Balance Sheet
1. Preparation of Financial Statements of Sole Proprietorship
(i) Income Statement, Balance Sheet
2. Preparation of Financial Statements of a Not-for-Profit Organisation
(i) Preparation of Receipts and Payments Account
(ii) Preparation of Income and Expenditure Account
(iii) Preparation of Balance Sheet
Section B: Fundamentals of Cost Accounting
1. Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting
2. Application of Cost Accounting for Business Decisions
3. Definition of Cost, Cost Centre, Cost Unit, and Cost Drivers
4. Classification of Costs (concerning Cost Accounting Standard 1)
5. Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)
1. Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting
2. Application of Cost Accounting for Business Decisions
3. Definition of Cost, Cost Centre, Cost Unit, and Cost Drivers
4. Classification of Costs (concerning Cost Accounting Standard 1)
5. Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)
Paper 3: Fundamentals of Business Mathematics and Statistics
Section A: Fundamentals of Business Mathematics
1. Arithmetic
1. Ratios, Variations and Proportions
2. Time Value of Money and Annuity – Simple and Compound Interest
3. Arithmetic Progression and Geometric Progression
4. Time and Distance
1. Ratios, Variations and Proportions
2. Time Value of Money and Annuity – Simple and Compound Interest
3. Arithmetic Progression and Geometric Progression
4. Time and Distance
2. Algebra
1. Set Theory, including Venn Diagram
2. Indices and Logarithms (Basic Concepts)
3. Permutation and Combinations (Basic Concepts)
4. Quadratic Equations (Basic Concepts)
1. Set Theory, including Venn Diagram
2. Indices and Logarithms (Basic Concepts)
3. Permutation and Combinations (Basic Concepts)
4. Quadratic Equations (Basic Concepts)
3. Calculus – Application in Business
1. Concept of Calculus and its Application in Business
2. Revenue and Cost Function
3. Optimisation Techniques (Basic Concepts)
1. Concept of Calculus and its Application in Business
2. Revenue and Cost Function
3. Optimisation Techniques (Basic Concepts)
Section B: Fundamentals of Business Statistics
1. Statistical Representation of Data
1. Diagrammatic Representation of Data
2. Frequency Distribution
3. Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve,
Ogive, Pie-chart
1. Diagrammatic Representation of Data
2. Frequency Distribution
3. Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve,
Ogive, Pie-chart
2. Measures of central tendency and dispersion
1. Mean, Median, Mode, Mean Deviation
2. Range, Quartiles and Quartile Deviation
3. Standard Deviation
4. Co-efficient of Variation
5. Karl Pearson and Bowley’s Co-efficient of Skewness
1. Mean, Median, Mode, Mean Deviation
2. Range, Quartiles and Quartile Deviation
3. Standard Deviation
4. Co-efficient of Variation
5. Karl Pearson and Bowley’s Co-efficient of Skewness
3. Correlation and Regression
1. Scatter Diagram
2. Karl Pearson’s Co-efficient of Correlation
3. Regression Analysis
1. Scatter Diagram
2. Karl Pearson’s Co-efficient of Correlation
3. Regression Analysis
4. Probability
1. Concepts and Terminologies
2. Primary applications of Probability Theorems
1. Concepts and Terminologies
2. Primary applications of Probability Theorems
5. Index Numbers and Time Series
1. Uses of Index Numbers, Methods of Construction of Index Number
2. Components of Time Series and Calculation of Trend by Moving Average Method
1. Uses of Index Numbers, Methods of Construction of Index Number
2. Components of Time Series and Calculation of Trend by Moving Average Method
Paper 4: Fundamentals of Business Economics and Management
Section A: Fundamentals of Business Economics
1. Basic Concepts
1. The Fundamentals of Economics
2. Utility, Wealth, Production
3. Theory of Demand (Meaning, Determinants of Demand, Law of Demand, Elasticity of Demand Price, Income and Cross Elasticity, Theory of Consumer Behaviour, Demand Forecasting) and Supply (Meaning, Determinants, Law of Supply and Elasticity of Supply), Equilibrium
4. Theory of Production (Meaning, Factors, Laws of Production – Law of Variable Proportion, Laws of Returns to Scale)
5. Cost of Production (Concept of Costs, Short-run and Long-run Costs, Average and Marginal Costs, Total, Fixed and Variable Costs)
6. Means of Production
2. Forms of Market
1. Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly, Oligopoly, Monopoly, Monopolistic Competition
2. Price Discrimination
1. The Fundamentals of Economics
2. Utility, Wealth, Production
3. Theory of Demand (Meaning, Determinants of Demand, Law of Demand, Elasticity of Demand Price, Income and Cross Elasticity, Theory of Consumer Behaviour, Demand Forecasting) and Supply (Meaning, Determinants, Law of Supply and Elasticity of Supply), Equilibrium
4. Theory of Production (Meaning, Factors, Laws of Production – Law of Variable Proportion, Laws of Returns to Scale)
5. Cost of Production (Concept of Costs, Short-run and Long-run Costs, Average and Marginal Costs, Total, Fixed and Variable Costs)
6. Means of Production
2. Forms of Market
1. Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly, Oligopoly, Monopoly, Monopolistic Competition
2. Price Discrimination
3. Money and Banking
1. Money – Types, Features and Functions
2. Banking – Definition, Functions, Utility, Principles
3. Commercial Banks, Central Bank
4. Measures of Credit Control and Money Market
1. Money – Types, Features and Functions
2. Banking – Definition, Functions, Utility, Principles
3. Commercial Banks, Central Bank
4. Measures of Credit Control and Money Market
4. Economics and Business Environment
1. PESTEL (Political, Economic, Societal, Technological and Legal) Analysis
2. Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear of Unknown and Unprecedentedness)
1. PESTEL (Political, Economic, Societal, Technological and Legal) Analysis
2. Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear of Unknown and Unprecedentedness)
Section B: Fundamentals of Management
1. Introduction to Management
2. Stewardship Theory and Agency Theory of Management
3. Planning, Organizing, Staffing and Leading
4. Communication, Co-ordination, Collaboration, Monitoring and Control
5. Organisation Structure, Responsibility, Accountability and Delegation of Authority
6. Leadership and Motivation – Concepts and Theories
7. Decision-making – Types and Process
1. Introduction to Management
2. Stewardship Theory and Agency Theory of Management
3. Planning, Organizing, Staffing and Leading
4. Communication, Co-ordination, Collaboration, Monitoring and Control
5. Organisation Structure, Responsibility, Accountability and Delegation of Authority
6. Leadership and Motivation – Concepts and Theories
7. Decision-making – Types and Process
CMA Foundation Exam Pattern 2026
Duration : 120 Minutes
Session 1
| Paper | Subject | No.of Question | Marks |
| Paper 1 | Fundamentals of Business Laws and Business Communication | 50 | 100 |
| Paper 2 | Fundamentals of Financial and Cost Accounting | 50 | 100 |
| Total | 100 | 200 |
Session 2
| Paper | Subject | No.of Question | Marks |
| Paper 3 | Fundamentals of Business Mathematics and Statistics | 50 | 100 |
| Paper 4 | Fundamentals of Business Economics and Management | 50 | 100 |
| Total | 100 | 200 |
CMA Foundation Exam Date 2026 : 14th June 2026
Starting Date of Application Form : 10th February 2026
Last Date of Application Form : 15th April 2026
Starting Date of Application Form : 10th February 2026
Last Date of Application Form : 15th April 2026
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