CMA Foundation Syllabus

CMA Foundation Syllabus 2020 – Papers

CMA Foundation Subject – wise topics

The subject- wise topics of CMA foundation syllabus 2020 are as given below: 

Paper 1: Fundamentals of Economics and Management (FEM)

The topics covered under the syllabus of Fundamentals of Economics and Management as per the CMA foundation syllabus 2020 are as given below: 

Section A: Fundamentals of Economics 

As per the syllabus of CMA foundation 2020, the topics covered in the syllabus of Fundamentals of Economics are as given below: 

(1) Basic Concepts of Economics

1. Definition and Scope of Economics
2. Few Fundamental Concepts 

(2) Theory of Demand and Supply

1. Demand
2. Supply 
3. Equilibrium

(3) Theory of Production

1. Meaning of Production
2. Factors of Production and its Classification
3. Production Functions 
4. Law of Variable Proportion
5. Law of Return to Scale 

(4) Theory of Cost

1. Meaning of Cost 
2. Cost Function 
3. Cost Curves 
4. Economies of Scale 

(5) Market

1. Meaning of Market 
2. Perfect Competition 
3. Imperfect Competition 

(6) Money

1. Definition of Money 
2. Functions of Money 
3. Components of Money Supply 
4. Quantity Theory of Money 

(7) Bank

1. Meaning of Banking 
2. Commercial Banks 
3. Central Bank 
4. Financial Institution 

(8) Money Market

1. Meaning of Money Market
2. Structure and Functions of Indian Money Market

Section B: Fundamentals of Management 

As per the syllabus of CMA foundation 2020, the topics covered in the syllabus of Fundamentals of Management are as given below:

(1) Management Process

1. Introduction 
2. Definition of Management 
3. Management – Science, Art, Profession 
4. Management Principles 
5. Management Process 
6. Planning 
7. Organizing 
8. Staffing 
9. Leading 
10. Control 
11. Communication 
12. Co-ordination 
13. Directing 

(2) Management – Concepts

1. Concept of Authority 
2. Concept of Power 
3. Delegation of Authority 
4. Concept of Responsibility 
5. Authority, Responsibility and Accountability 
6. Leadership and Motivation

(3) Leadership 

1. Motivation 

(4) Decision Making

1. Concept and Definition 
2. Types of Decision 
3. Decision – Making Process 
4. Techniques of Decision Making

Paper 2: Fundamentals of Accounting (FOA)

The topics covered under the syllabus of Fundamentals of Accounting (FOA) as per the CMA foundation syllabus 2020 are as given below:

Section A: Fundamentals of Financial accounting 

As per the syllabus of CMA foundation 2020, the topics covered in the syllabus of Fundamentals of Financial accounting are as given below:

(1) Accounting Basics

1. Accounting Principles, Concepts and Conventions 
2. Capital and Revenue transactions – capital and revenue expenditures, capital and revenue receipts 
3. Double entry system, Books of prime entry, Subsidiary Books, Cash Book, Journal, Ledger, Trial Balance Depreciation – Methods (Straight Line and Diminishing Balance methods) 
4. Rectication of Errors 
5. Opening entries, Transfer entries, Adjustment entries, Closing entries 
6. Bank Reconciliation Statements 

(2) Accounting for Special Transactions

1. Bills of Exchange (excluding accommodation bill, insolvency) 
2. Consignment (cost price, invoice price, commission & valuation of stock) 
3. Joint Venture 

(3) Preparation of Final Accounts

1. Profit making concern (for sole proprietorship concern only) 
2. Not – for – Profit making concern 

Section – B: Fundamentals of Cost Accounting

As per the syllabus of CMA foundation 2020, the topics covered in the syllabus of Fundamentals of Cost Accounting are as given below:

(1) Fundamentals of Cost Accounting

1. Meaning, Definition, Significance of Cost Accounting, its relationship with Financial
2. Accounting & Management Accounting 
3. Classification of Costs 
4. Format of Cost Sheet

Paper 3: Fundamentals of Laws and Ethics (FLE)

The topics covered under the syllabus of Fundamentals of Laws and Ethics (FLE) as per the CMA foundation syllabus 2020 are as given below:

Section A: Fundamentals of Commercial Laws 

As per the syllabus of CMA foundation 2020, the topics covered in the syllabus of fundamentals of Commercial Laws are as given below:

(1) Indian Contract Act, 1872

1. Essential elements of a contract, offer and acceptance 
2. Void and voidable agreements 
3. Consideration, legality of object and consideration 
4. Capacity of Parties, Free consent 
5. Quasi Contracts, Contingent Contracts 
6. Performance of Contracts 
7. Discharge of contracts 
8. Breach of Contract and Remedies for Breach of Contract 

(2) Sale of Goods Act, 1930

1. Definition       
2. Transfer of ownership 
3. Conditions and Warranties 
4. Performance of the Contract of Sale 
5. Rights of Unpaid Vendor 
6. Auction Sales 

(3) Negotiable Instruments Act, 1881

1. Negotiable Instruments –Characteristics of Negotiable Instruments 
2. Definition of Promissory Note, bill of exchange and Cheque       
3. Differences between Promissory Note, bill of exchange and Cheque 
4. Crossing – Meaning, Definition and Types of Crossing   

Section B: Fundamentals of Ethics 

As per the syllabus of CMA foundation 2020, the topics covered in the syllabus of fundamentals of ethics are as given below:

(1) Ethics and Business

1. Ethics – Meaning, Importance 
2. The “Seven Principles of Public Life” – Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership. 
3. The relationship between Ethics and Law 
4. Ethics in Business

Paper 4: Fundamentals of Business Mathematics and Statistics (FBMS)

The topics covered under the syllabus of Fundamentals of Business Mathematics and Statistics (FBMS) as per the CMA foundation syllabus 2020 are as given below:

Section A: Fundamentals of Business Mathematics 

As per the syllabus of CMA foundation 2020, the topics covered in the syllabus of fundamentals of Business Mathematics are as given below:

(1) Arithmetic

1. Ratios, Variations and Proportions
2. Simple and Compound interest
3. Arithmetic Progression and Geometric Progression

(2) Algebra

1. Set Theory
2. Indices and Logarithms (basic concepts)
3. Permutation and Combinations (basic concepts)
4. Quadratic Equations (basic concepts)

Section B: Fundamentals of Business Statistics 

As per the syllabus of CMA foundation 2020, the topics covered in the syllabus of fundamentals of Business Statistics are as given below:

(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

(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 Coefficient of Skewness

(3) Correlation and Regression

1. Scatter diagram
2. Karl Pearson’s Coefficient of Correlation
3. Regression lines, Regression equations, Regression coefficients

(4) Probability

1. Independent and dependent events, Mutually exclusive events
2. Total and Compound Probability; Baye’s theorem; Mathematical Expectation
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