In total 20 papers are in CMA Foundation, Inter, and Final exam. The ICMAI released CMA Foundation New Syllabus 2016 which is applicable from 1st August 2016 that means from December 2016 attempt. There are two sections in paper-1 viz. This is all about CMA Foundation Syllabus for June 2020 exams. (b) Capital and Revenue transactions – capital and revenue expenditures, capital and revenue receipts (i) Accounting treatment of bad debts, reserve for bad and doubtful debts, provision for discount on debtors and provision for discount on creditors. Download CMA Books in PDF Free [Dec 2020]. Each one of us has got something unique enough to be successful; we believe in bringing you closer to that (b) Definition, functions, utility, principles of Banking (ii) Preparation of Trading Account, Profit & Loss Account and Balance Sheet. Follow us on Facebook & Instagram also subscribe to our free mailing list & YouTube channel. Introduction of Cost Accounting: Topics under this section include Introduction To Cost Accounting( Definition, Scope, objectives and significance of cost accounting, Cost Objects, Cost centres and cost units, Classification of costs, Cost Ascertainment- Material Costs, Employee Costs, Direct Expenses and Overheads), Cost Accounting Standards (Basic Understanding only) (CAS 1 to CAS 24), and Cost Book Keeping.Methods of Costing: This segment of CMA syllabus for Inter Level are Job Costing, Batch Costing, Contract Costing, Process Costing and Operating Costing or Service Costing.Cost Accounting Techniques: Topics covered under this segment aim to test the candidate’s basic understanding of Cost Accounting techniques such as Marginal Costing, Standard Costing & Variance Analysis, and Budget and Budgetary Control. A) Fundamentals of Commercial Laws B) Fundamentals of Ethics. Each is worth 100 stamps and is of 3 hoursâ length. CMA Intermediate Syllabus/ Subjects/ Papers. (d) Performance of the Contract of Sale Also, ICWA course has ⦠The syllabus plays an important role in any exam. The first examination under New syllabus 2016 was conducted in June 2017 term of examination. In the new CMA syllabus (Foundation level), there is a percentage indicated for the weight a particular subject carries. Each of them carries 50% weightage. Innov8, 3, 20 Main Road (e) Rights of Unpaid Vendor (b) Definitions of Promissory Note, Bill of Exchange and Cheque CMA Foundation Dec 2020 Subjects There are a total of 4 exams in the CMA Foundation course (c) Arithmetic Progression and Geometric Progression. There are 4 papers for the CMA Foundation course. 1. Study Material Syllabus 2012: Companies (Cost Records and Audit) Rules, 2014 (as amended upto 15th July 2016). group financial statements. (d) Equilibrium Following are the detail contents of CMA foundation syllabus -2016 for CMA Foundation Course under which the first exam had been conducted in June 2017. ICWAI Foundation Syllabus for CMA Foundation Exam First ICWAI Foundation exam under âICWAI Foundation Syllabus 2016â is conducted in December, 2016 and the Last ICWAI Foundation Exam under âICWAI Foundation syllabus 2012â will be conducted on June 2017. Cost Audit: Topics covered under this section are Nature, Scope, utility and Advantages, Cost Accounting Standards, Companies Rule Act, 2014, etc.Management Audit: Contents for this portion of CMA syllabus at Final Level are Management Audit- Overview, Nature, Scope, Need of Management Audit and Reporting, Management Reporting Issues, etc.Internal Audit, Operational Audit and Other Related Issues: The topics covered under this section are related to internal and operation audit-related issues, which carries 25% weightage.Case Study on Performance Analysis: This section covers case study on the basis of the Companies Performance for managerial decision-making, which carries 25% weightage. Paper 4 - Fundamentals of Economics and Management. CMA FOUNDATION SYLLABUS AND WEIGHTAGE In this article, find CMA foundation syllabus and weightage. Before understanding CMA syllabus and its components, it is important to know about the latest notifications for this exam. ‘something’ and helping you leverage it! (b) Simple and Compound interest (b) Karl Pearson’s Coefficient of Correlation (g) Discharge of contracts (b) The “Seven Principles of Public Life” – selflessness, integrity, objectivity, accountability, openness, honesty and leadership (d) Journal, Ledger, Trial Balance 91 Springboard, Lotus Building Below is a detailed bifurcation of this level: Detailed CMA Syllabus (Foundation level) Every paper in the CMA syllabus for the foundation level has a multitude of topics that the aspirants need to cover. Share this post with the other CMA students, who are looking for CMA Foundation June 2020 new papers, syllabus, subjects, weightage and latest amendments. Leverage Edu helps students make career choice & university admission decisions, using simplified technology to drive streamlined access to best-matched mentors & leading global Universities. It includes topics from which questions will be asked in the examinations. CMA Foundation Exam is a pen and paper-based disconnected expressive test conducted by the Institute of Cost Management Accountants of India.. Don’t Miss Your Chance to Avail Free Counselling! ICAI - The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, 1949 (Act No. Income Tax Act Basis: Topics covered under section A of Paper 7 under CMA syllabus for Inter Level are Introduction to Income Tax Act, 1961 (Basic Concepts and definitions, Background, concepts, definitions, Capital and revenue – receipts, expenditures, etc), and Incomes which do not form part of Total Income [Sec.10, 11 to 13A].Heads of Income and Computation of Total Income and Tax Liability: List of topics covered under this segment are Clubbing Provisions, Set off and Carry forward of Losses, Deductions, Assessment of Income of different persons, Corporate Taxation, and TDS, TCS and Advance Tax.Tax management, administrative procedures and ICDS- Administrative Procedures, and Income computation and disclosure standards are the different basic concepts covered under this portion of CMA syllabus at Inter Level. PAPER â 1: FUNDAMENTALS OF ECONOMICS AND MANAGEMENT. Download CMA Foundation Study Material June 2020 & December 2020 in pdf format. Similar to CA, CMA course is also divided into three levels â CMA Foundation, CMA Intermediate and CMA Final. (c) Regression lines, Regression equations, Regression coefficients, (a) Independent and dependent events; Mutually exclusive events The new revised syllabus will be applicable for CMA Foundation June 2020 exams. Syllabus - 2016 Archive Supplementary (applicable for both June 2020 & December 2020 Term of Examinations) Supplementary- Paper 6 for June & December 2020 Term of Examinations Innov8, 3, 20 Main Road GAAP and Accounting Standards: This section contains only one topic, i.e. (c) Theory of Demand (meaning, determinants of demand, law of demand, elasticity of demand price, income and cross elasticity) and Supply (meaning, determinants, law of supply and elasticity of supply) Defence Colony New Delhi, Delhi 110024, Leverage Edu Bangalore, The contents have been explained under. Paper 9: Operations and Strategic Management. Leverage Edu Tower, Now here we are providing the weightage of marks for CMA Foundation June 2020 exams. Thus, we hope that this blog has helped you understand the vast CMA syllabus at the Foundation level, Intermediate level and Final level. As of now, there are no changes made by the ICMAI for CMA Foundation June 2020 Syllabus. Institute of Cost & Works Accountants of India (ICWAI) has changed its name into The Institute of Cost Management Accountants of India (ICMAI). Notify me of follow-up comments by email. By knowing the syllabus one can easily prepare well for the exams and can score good marks in CMA Foundation level exams. CMA Foundation is the toughest part of the course and is the gateway for the CMA course. 4.2. (e) Depreciation – Methods (Straight Line and Diminishing Balance methods only) As the exam question paper will be prepared as per the syllabus issued by ICMAI for CMA foundation level exam 2020. (b) Consignment (cost price, invoice price, commission & valuation of stock) They are searching for the CMA Foundation Syllabus for June 2020 session exams. Paper 2 - Fundamentals of Laws and Ethics. CMA Foundation Syllabus Passing Marks (Qualifying Criteria) To pass CMA Foundation Exam your aggregate marks must be 50% which means 200 out of 400 marks and you need 40% marks in each paper that is minimum 40 marks out of 100 marks in each paper. Click Here Now! CMA Foundation : 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 & Statistic. (h) Bank Reconciliation Statements, (a) Bills of Exchange (excluding accommodation bill, insolvency) Take a look at the list of CMA Inter level papers given in the following table: The following table depicts the weightage of the two groups and their prospective units of the CMA syllabus at the inter level. customised services that resonate with your personal career needs. Below are the 4 new papers for CMA Foundation Syllabus 2016. Paper 10: Cost and Management Accounting and Financial Management. Your email address will not be published. So, Students who want to prepare for the CMA Foundation June 2020 exam, should prepare the revised CMA Foundation Study material (Syllabus 2016). In this section, there is only one topic that has been explained in detail here. Download Latest Books of CMA Foundation, Intermediate, and Final Best Writers CMA Books FREE Download in PDF. Syllabus Details About The CMA Course (Foundation, Intermediate, and Final) There is certainly no doubt that CMA is one of the most popular and important courses that the students apply. Save my name, email, and website in this browser for the next time I comment. (d) Crossing – Meaning, Definition and Types of Crossing. Candidates can check the paper-wise and section-wise syllabus of CMA Foundation 2020 in the following table. CMA Foundation Course Admission for Dec 2020 Exam. As per the exam pattern of CMA foundation exam 2020, there are four papers in the syllabus of foundation exam. A-258, Bhishma Pitamah Marg, The syllabus of ICMAI Foundation exam 2020 is divided into four parts with equal marks weightage. So, candidates who have applied for CMA Foundation June 2020 should follow the latest syllabus. Read more. Koramangala Industrial Layout Koramangala Industrial Layout (b) Transfer of ownership (c) The relationship between Ethics and Law Given below are the important dates of the CMA course exam: To begin with, there are 3 levels of exam of CMA- Foundation, Intermediate and Final level, clearing all the three-level exams, students are provided with the certification. (c) Differences between Promissory Note, Bill of exchange and Cheque If you aspire to build your career in the field of management accounting, pursuing a CMA certification course is a step in the right direction. Fundamentals of Business Mathematics: Arithmetic (Ratios and Proportions, Simple and Compound Interest and Progression mean), Algebra (Set Theory, Variation, Indices, Logarithms, Permutation and Combinations, Quadratic Equations and Determinants and Matrices), and Calculus(Constant and variables, Functions, Limit & Continuity, Differentiability & Differentiation, Partial Differentiation, Definite and Indefinite Integrals) are the topics covered under this section of CMA syllabus.Fundamentals of Statistics: It comprises Statistical Representation of Data, Measures of Central Tendency and Dispersion, Correlation and Regression, Index Number, Time and Series Analysis, Probability and Theoretical Distributions. (b) Void and voidable agreements Here we have provided the complete syllabus for Syllabus 2016. 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The following paragraphs elaborate the CMA syllabus of Foundation level, Inter level and Final level in further detail: There are four papers in the CMA foundation level. CMA Final Syllabus/ Subjects/ Papers. 20, Marol MIDC, As per ICMAI 2020 syllabus, the in the intermediate program there are eight papers. Commercial Laws: The topics under this section of the CMA syllabus at the Inter level include Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Indian Partnership Act, 1932, and Limited Liability Partnership Act, 2008.Industrial Laws: The list of topics, under section B of Paper 6, include Factories Act, 1948, Payment of Gratuity Act, 1972, Employees Provident Fund Act, 1952, Employees State Insurance Act, 1948, Payment of Bonus Act, 1965, Minimum Wages Act, 1948 and Payment of Wages Act, 1936.Corporate Law: This section is based on Companies Act, 2013, which includes topics such as Company types, promotion, formation and related procedures i.e, Sec 1 to Sec 122 of Companies Act, 2013, Director-Role, Responsibilities, Qualification, disqualification, appointment, retirement, resignation, etc.Ethics: List of topics under this section comprise of the meaning, importance, nature and relevance of Ethics to business, Values and attitudes of professional accountants, Seven principles of public life-selflessness, integrity, objectivity, accountability, openness, honesty and leadership, and Ethics in Business. Canons of Taxations – Indirect Tax GST: This section of CMA syllabus includes Introduction to GST, Levy and Collection of Tax, Time, Value and Place of Supply, Input Tax Credit, Registration under GST Law, etc.Customs Law: Introduction Definitions Circumstances of Levy, Types of Duties, Valuation under Customs, Import and Export Procedure, and Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017. Each paper is conducted for 100 marks. So, students who have applied for June 2020 exams can follow the syllabus issued on the ICMAI board. Given below in the tabular form is a list of these units and their prescribed CMA syllabus (Final level) provided by ICMAI: Companies Act: Topics covered under this head of CMA syllabus at Final Level are Company Formation and Conversion, Investment and loans, Dividends, Accounts and Audit, Board Meetings and Procedures, etc.Other Corporate Laws: SEBI Laws and Regulations, The Competition Act, 2002, Foreign Exchange Management Act, 1999, Laws related to Banking Sector, and Laws related to Insurance Sector.Corporate Governance: Two broad headings which are covered under this section are Corporate Governance, and Social, Environment, and Economic Responsibilities of Business. Also, Read-CMA Foundation Syllabus Details. (c) Leadership & Motivation – Concept & Theories Fundamentals of Economics: Topics covered under this unit of the Level 1 of CMA syllabus include Basic Concepts of Economics, Forms of Markets, National Income, Money and Banking.Fundamentals of Management- This segment is constituted of Evolution of Management Thoughts, Management Process, Group Dynamics and Organizational conflicts, and Decision-making. There are 8 papers in the CMA Final level (Group 3 and Group 4). Paper-Based disconnected expressive test conducted by the institute and section-wise syllabus of Foundation exam is! Be prepared as per the syllabus, the in the CMA aspirants we are providing the new syllabus. Twice a year are three topics which have been explained in detail here icmai.in... Dec 2020 attempt 60 % weightage only 40 % ), a term of examination follow., 2016, CMA Foundation is the first section carries only 40 weightage... 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