CMA Foundation Exam – ICWAI Foundation Course Details

Are you looking for how to become CMA (Cost and Management Accountant)? Right, here you can get complete CMA Course details like CMA Syllabus, Admission, ICWAI CMA Fee Exam Dates and more. So read the article completely to get full knowledge and browse this website for more information.

CMA Foundation Course Details

Previously The Institute of Cost Accountants of India (ICAI) called as the Institute of Cost and Work Accountants of India (ICWAI) is a foremost statutory professional accountancy body in India. The main objects of ICAI is promoting, regulating and developing the profession of Cost Accountancy. Also, ICWA course has turned into CMA course. There are different stages of Cost and Management Accountancy (CMA):

Entry level: Foundation course

First stage: Intermediate

Final stage: Final

You can take register yourself directly to CMA Foundation or CMA Intermediate level depending on your eligibility.

Foundation Course Structure

The ICWAI Foundation Examination consists of only theoretical examinations. There are 6 subjects to be considered prepared into 4 papers of 100 marks each. To pass a student has to obtain a minimum of 40% in each paper and an aggregate of 50% in all the papers together. A student has to get through Foundation Course to be eligible to go to the next level i.e. INTERMEDIATE.


A candidate may appear for the CMA Foundation examination after passing the 10+2/plus two (twelfth standard) examinations.

Passed 10+2 from a recognized Board or an Examination recognized by the Central Government as equivalent thereto or has passed National Diploma in Commerce Examination held by the All India Council for Technical Education or any State Board of Technical Education

Required Documents:

  • 10+2 Pass Certificate & Mark sheet.
  • 3 Passport Size Photos.
  • The certificate and photographs will be attested on the production of originals at the time of Admission.

Admission Fees:

Coaching fees including Registration fees with Cost of Study Materials – Rs 4,000/-

ICWAI CMA Foundation Syllabus & Exam Pattern

Read below ICWAI Syllabus for CMA Foundation Exam.

  • Paper 1: Fundamentals of Economics & Management
  • Paper 2: Fundamentals of Accounting
  • Paper 3: Fundamentals of Laws & Ethics
  • Paper 4: Fundamentals of Business Mathematics & Statistics
  • Foundation Course Examination: Online MCQ Mode.
  • Foundation Examinations – 4 times in a year in every 3 months.

Study Weightage

ICWAI Foundation Syllabus 2016
Paper 1: Fundamentals of Economics and Management (FEM)
Fundamentals of Economics50%
Fundamentals of Management50%
Paper 2: Fundamentals of Accounting (FOA)
Fundamentals of Financial Accounting60%
Fundamentals of Cost & Management Accounting40%
Paper 3: Fundamentals of Laws and Ethics (FLE)
Fundamentals of Commercial and Industrial Laws80%
Fundamentals of Ethics20%
Paper 4: Fundamentals of Business Mathematics and Statistics(FBMS)
Fundamentals of Business Mathematics40%
Fundamentals of Business Statistics60%

CMA Foundation Dec Examination Schedule:

Last Date to apply for Foundation Examination without late fee: Soon Updated

Last Date to apply for Foundation Examination with late fee: Soon Updated

Availability of CMA Foundation Admit Card for Dec Exam: Soon Updated

Date of Exam: Soon Updated

Declaration of Result: Soon Updated

Note: Registration for the ICAI course is open throughout the year But, Students eager to appear

For June Term Exam should apply before 31st January of that year &

For December Term Exam should apply before 31st July of that year.

Important Dates:

ICWAI or CMA Foundation Registration Last Dates For June Examination of the same calendar year31st January
For December Examination of the same year31st July

ICWAI or CMA Foundation Registration Last Dates

For June 2016 Examination31st January 2016
For December 2016 Examination31st July 2016



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