What is the exam pattern of the CMA Foundation on Dec 17?

Tushar Bharti

Tushar Bharti, studied Computer Science at Indian Institute of Technology, Delhi

Répondu il y a 57w · L'auteur dispose de réponses 92 et de vues de réponses 44.4k


Institute of Cost and Works Accountants is one of the leading financal schools in India. Since its inception in 1959, the institute has contributed a lot by producing a bunch of scholars in the world of finance and business. The institute holds the distinction of being one of the premier financial institutions in India.

If you’re undecided as to which field would better suit you, then have you ever thought of ICWA? Today every private firm is keen on appointing a cost accountant that would promote and monitor the financial information from every department of the firm. If you think that you’re good at all the above mentioned areas then Cost Accountancy and ICWA CMA is the option to go ahead with.

To be a cost accountant is not so easy a job as it sounds. You need to clear all three levels of the ICWA CMA exam. The ICWA CMA exam conducted by the Insititute of Cost Accountants of India (ICAI) consists of three stages (Foundation / Intermediate/ Final).

Every year, ICWA appoints the best students for its cost accountancy course. Through the test, the institute judges the comprehensive understanding of students in areas like cost and financial management, communication skills and capability to maintain a fine balance between expenditure and the means. The examination is held twice a year i.e. one in the month of June and another in December.

Admission to ICWA CMA Qualification:-


Eligibility for Admission:-

a) Class 10 or equivalent exam from a recognized education higher secondary school board or institution.

b) Senior Secondary examination under 10+2 scheme of a recognized board or an examination recognized by the central government as equivalent thereto or should have passed the National Diploma in Commerce Examination directed by the All India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Higher Education.

c) Students awaiting their result can also apply for provisional admission.


Eligibility for Admission:-

a) Should have passed Senior Secondary School examination (10+2) and Foundation Course of the Institute of Cost Accountants of India/ Graduation in any discipline other than Fine arts/Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute.

b) Should have passed Foundation of ICSI/Intermediate of ICAI by whatever name called along with class 10+2.

c) List of other eligible qualifying examinations is given under Annexure VI of prospectus.

d) Students waiting for their result can also apply for provisional admission.


Eligibility for Admission:

a)Passed Intermediate

b) Graduation in any discipline except Fine Arts or equivalent.

c) Candidates who have passed all eight papers of the CMA intermediate course are eligible to apply for CMA Final Course examination.

ICWA Registration / Application Form

ICWA 2017 Online Application Form / Registration:-

Individuals wishing to apply for ICWA CMA exam(Foundation/ Intermediate/ Final) are required to apply online on Institute of Cost Accountants of India online student registration system.

ICWAI Online Application Form

ICWA Exam Dates

ICWA 2017 dates

The entrance exam for ICWA is held twice a year i.e. in the month of June and December. Candidates wishing to apply for ICAI Foundation examination for December term are required to apply latest by 30th June of the same year. At the same time candidates wishing to apply for June term are required to apply before 31st December of the previous year.

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Registration for ICWA intermediate examination is open throughout the academic year. However those wishing to apply for June term are required to do so before 30th November of the previous year and those wising to apply for December term examination are required to do so before 31st May of the same year.

Paper Pattern

ICWA 2017 Paper Pattern:
Syllabus 2017 – Foundation Course:

Paper –1 - Fundamentals of Economics and Management
Paper –2 - Fundamentals of Accounting
Paper – 3 - Fundamentals of Laws and Ethics
Paper – 4 - Fundamentals of Business Mathematics & Statistics

ICWA Preparation

Candidate should keep one thing in mind that CMA is a professional course hence success can only be achieved if practical approach is adopted. Mugging out thoroughly the whole night before the exam won’t work. Try to make proper time table for your studies and ensure that you are implementing the time table. Make such a schedule for preparation that you can easily allocate 2-3 hrs to each subject. Keep changing your time table such that you don’t get bored of following same schedule. Make sure that you refer to only those study materials by the institute.

ICWAI | CMA Foundation exam pattern : The entrance exam for CMA is held twice a year i.e. in the month of June and December. The Foundation Examination for CMA will consist of multiple choice questions (MCQ) and will be conducted in online mode. There are 2 sessions Morning and Afternoon. Morning session contains paper 1 & 2. Afternoon session contains paper 3 & 4.

ICWAI | CMA Foundation Exam Pattern For June 2017

ICWAI | CMA Foundation exam pattern : Total Questions : 100 (Multiple Choice Questions)

Maximum Marks : 100 (Each Question will carry 1 Mark).

There will be no negative marking for wrong answers.

ICWAI | CMA Foundation exam pattern for all subjects

Following table shows the allotment of marks for each subject:

ICWAI | CMA Foundation Exam Pattern For June 2017

ICWAI | CMA Foundation exam pattern : Following table shows the allotment of marks for each subject:

Paper 1 : Organization & Management Fundamentals
[One paper: Three Hours – 100 marks]

Section I : Organization — 30%

  1. Nature and functional areas of organization

Organizational structures.

Functional areas of business and their operations

Activities of different functions

Formal & informal organizations: principles of organizations

Criteria for grouping


2. Schools of Organizational theory

Classical, behavioural and systems

Current trend and approaches

Behaviour in organizations

Role of behavioural science weightage- 10%

3. Organizational Management

Objectives ( missions, goals and targets)

Conflicts between objectives

Appropriate strategy formulation

Determinants of culture

Different models available for categorizing cultures

Different models of organizational model managementavailable to achieve goal congruence. Weightage- 10%

Section II : Management — 70%

4.Human resource management

Human resource plan

Human issues relating to recruitment, dismissal, retirement and redundancy

Activities of different functions

Models of Human Behaviour and Motivation and itsapplications (Taylor, McGregor, Maslow, Hertzberg etc).

Training & development.

Development and design of reward system weightage- 20%

5.Management of Relationship

Process of Management covering planning, organizing,staffing, directing, motivating, communicating andcontrol

Concept of power, authority, responsibility anddelegation

Characteristics of leaders and managers

Management Style theories

Contingency approach weightage- 20%

6.Management of Change

Stages & Process of Management change

Structural change & Cultural change

Approaches to the management of organizationaldevelopment

Importance of managing critical period of change

Ways of handling these periods of change weightage- 15%

7.Pattern of Management

Broad policies and functions

Structural pattern of Board of Directors.

Concept of public sector, social objectives, publicsector management

Current management thoughts weightage- 15%

Paper 2 : Accounting
[One paper: Three Hours – 100 marks]

1.Basics of Bookkeeping and accounting

Definitions and its usefulness

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Financial Accounting principles, concept and convention – measurement of business income

Position statement

Accounting Standards – national and international ( basic knowledge) weightage 10%

2.systems of Bookkeeping

Double entry system, books of prime entry, subsidiarybooks

Recording of cash and Bank transactions

Preparation of ledger accounts

Preparation of trial balance — interpretation andusefulness weightage 10%

3.Bank Reconciliation statements

Need for reconciliation between cashbook and bank passbook and problems relating to the preparation of bankreconciliation statements. Weightage %

4.Accounting System

Concept of capital, revenue, deferred revenue expenditures, opening entries, closing entries, adjustmententries and rectification entries.

Accounting treatment for bad debts, reserve for baddebts and other adjusting entries.

Depreciation- significance, accounting and variousmethods of calculation of depreciation.

Concept of single entry system, conversion of singleentry system into double entry system of accounting.

Preparation of receipts and payments accounts, incomeand expenditure accounts.

Significance of reserves and provisions.

Bill of Exchange, consignment and joint venture weightage 25%

5.Elements of Cost Accounting

Basics of cost and management accounting:

Evolution of cost accounting and managementaccounting, cost concepts and cost object,

Cost classification, cost organization and its relationshipwith other departments.

Elements of cost and cost determination.

Material cost-purchase procedure, store keeping andstock control, pricing issue of material and accountingthereof, perpetual inventory and physical stock taking,identification of slow, non-moving and fast movingitems, ABC analysis, JIT system, level of inventoriesand economic order quantity, analysis, investigation and corrective steps for treatment of stock discrepancies – control through othermeans.

Labour costs – remuneration methods, monetary and non-monetary incentive schemes, payroll procedures, labouranalysis and idle time, measurement of labour efficiencyand productivity, analysis of non productive time and itscost, labour turnover and remedial measures, treatmentof idle time and overtime.

Direct expenses – nature, collection, classification andtreatment of direct expenses.

Overheads – nature, collection and classification.

Production overheads – collection, apportionment,absorption, use of predetermined recovery rates,treatment of under and over absorption, fixed, variableand semi variable overhead, report for control ofoverhead cost.

Administration, selling and distribution overheads –analysis, accounting and control, treatment ofmiscellaneous items in cost accounting. Weightage 15%

6.Cost Sheets

Cost data collection

Cost Sheet formats

Preparation of cost sheets. Weightage 15%

7.Behaviour of Costs

Fixed & Variable costs

Direct & Indirect costs

Cost Behaviour for decision making

Marginal Costing and Break Even Analysis weightage 20%

Paper 3 : Economics and Business Fundamentals
[One paper: Three Hours – 100 marks]

A. ECONOMICS (60 marks)


Basic Concepts of economics

The Fundamentals of Economics & EconomicOrganizations

Utility, Wealth,

Basic Elements of Supply and Demand, elasticity


Theory of Production

Cost of production weightage 10%


Forms of Market

Perfect competition and Imperfect competition

Pricing in perfect and imperfect competition weightage 5%


National Income

Produit National Brut

Net National Product

Measurement of National Income

Economic growth and fluctuations

Consumptions, savings and investments weightage 5%


Theory of Employment

Type of unemployment

Concepts of full employment

Labour and Population theories

Definition of capital and growth of capital

Steps in capital formation weightage 5%



Definition and functions of money

Quantity theory of money

Inflation and effect of inflation on production anddistribution of wealth

Control of inflation

Rentrée d'argent

Liquidity preference and marginal efficiency

Rate of interest and investment weightage 10%




Functions and utility of Banking

Principle of commercial banking

Essentials of sound banking system

Multiple credit creation

Functions of Central Bank

Weapons of credit control and money market

National & International Financial Institutions weightage 10%


Commerce international

Basic feature of export and import

Competitive advantage of trade weightage 5%


Finance publique

Direct and indirect taxes

Principle of taxation

Effect of taxation on production and distribution

Deficit financing system weightage 10%

B. Business Fundamentals (40 marks)


Type of Business Unit

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Sole proprietorship, Partnership, Companies,Cooperatives

Hindu Undivided Family

Joint Stock Companies

Public Utilities services

Entreprises d'État

Limited Liability Partnership weightage 10%


Company Organization and Management

Types of companies and their formation

Incorporation and commencement of business

Memorandum of Association, Articles of Association and Prospectus

Shares and debentures

Board of Directors and General Meeting weightage 10%


Business Objectives

Concept and rationale of social responsibility

Business and its environment, interface with legal,political, economic, social and cultural aspects weightage 5%


Stock Exchange and its workings

Dealers and brokers transactions

Economic significance, condition of membership

Role of stock exchanges , Depository participant weightage 10%


Business Communication and Report Writing. weightage 5%

Paper 4 : Business Mathematics and Statistics Fundamentals
[One paper: Three Hours – 100 marks]



Average, mixtures

Ratios and proportions

Computation of interest

Discounting of bills weightage 10%



Real and imaginary number, rational and irrationalnumber

Set theory and simple application of Venn diagram

Truth table and its applications

Indices and surds

Variation, Logarithms

Permutations and Combinations

Intérêts composés

Linear simultaneous equations ( 3 variables only)

Quadratic equations

Solution of linear inequalities ( by geometric methodonly)

Weightage 15%



Area and perimeter of triangles, circles, parallelogram,regular polygon

Volume and surface of cube, prism, cylinder, pyramid,cone, and spheres ( including zone and segments)

Weightage 15%


Co–ordinate Geometry

Plain co–ordinate Geometry ( Rectangular Cartesianco–ordinates only)

Length of line segments, Section ratio

Gradient of a line, equation of straight line, Circles,parabola, ellipse and hyperbola ( standard forms only)

Weightage 10%



Constant &Variables, Functions, Limit & Continuity

Differentiability & Differentiation, Derivatives and theiruse, Successive & partial differentiation

Maxima & Minima, Maxima & Minima under constraintusing Lagrange transform

Indefinite Integrals: as primitives, integration bysubstitution, integration by part

Definite Integrals: Evaluation of standard integrals, asarea under curve

Applications of Calculus

Weightage 15%


Méthodes statistiques

Data tabulation and presentation, frequency distribution

Measures of Central Tendency ( Mean, Median, mode)

Measurement of Dispersion ( range, mean deviation, standard deviation, variance)

Measures of Skewness & kurtosis

Weightage 35%

Prabhat Rathi

Prabhat Rathi, Business and Operation Head, AfterGraduation

Répondu il y a 57w · L'auteur dispose de réponses 1.1k et de vues de réponses 1m

The CMA Foundation Dec 2017 exams will be held on 10, 11, 12 and 13 December 2017. Interested and eligible candidate can apply for CMA Foundation Dec 2017 exams before the last date, Oct 10, 2017.

The Foundation Examination will be conducted in descriptive (Pen & Paper) Offline mode only. Each paper will be of 3 hours duration and of 100 marks.

Foundation Course Examination for Inland Centres Rs. 1200/- and for Overseas Centres US $ 60. Govt. of India has implemented GST w.e.f 1st July 2017, by virtue of which the examination fees of the Institute are subject to GST. Accordingly, members are requested to add GST @ 18% on exam fees payable by them to the Institute.

CMA Foundation Dec 2017 Exam Time Table and Other Details - AfterGraduation

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