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CMA Foundation

Certified Management Accountant (CMA) certification is a professional certification credential in the management, accounting and financial fields.
Info About CMA Foundation
  • Field
  • Eligibility
  • Subjects
    Fundamentals of Economics, Management, Accounting, Law etc.
  • Questions Type
  • Difficulty Level
    Medium to Hard
What you will learn


You will be familiarized with the basic concepts and theories of economics.
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You will learn and understand basic aspects of accounting, auditing concepts, and relevant provisions and principles that are applicable for effective accounting of transactions and conducting audits.
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Business Management

You will learn about the different nature of business, forms of organisations, nature of business, business environment, along with an exposure to elements of business management.
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You will learn provisions of select business laws, like International law, mercantile laws, and law of torts.
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You will master new concepts in integrals, statistics, probability, permutations and combinations and linear equations.
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How to prepare for CMA Foundation with Toppr

  1. Get your concepts right

    To crack CMA, you need to understand your concepts well. With the help of Toppr’s video lectures, you can get a clear understanding of any topic at any time of the day.
    They are taught by experienced teachers, and are available in Hinglish & English – covering all the concepts you can possibly think of.

    Get your concepts right
  2. Practice regularly

    The best students spend 80% of their time practicing questions, and 20% learning theory. Improve your skills by practicing only the right questions.
    At Toppr, we customize them for you by gradually increasing the degree of difficulty – for it ensures a full coverage of the scope of the examination.

    Practice regularly
  3. Get your doubts cleared

    A doubt can weaken your foundation, or even reduce your confidence.
    Don’t get stuck at a doubt. Seek help immediately using our Doubts on Chat app. Here, you can get your queries solved 24x7 by a community of experts.

    Get your doubts cleared
  4. Take All-India Tests

    All-India tests help you monitor your progress, and gauge how well prepared you are for D-day. On Toppr, you can compete with students from all over the country!

    Take All-India Tests

All you need to know about CMA Foundation


Facts, Syllabus & Pattern

  • What is CMA Foundation?
  • Syllabus for CMA Foundation
  • Exam Pattern for CMA Foundation

How to apply

  • Eligibility Criteria for CMA Foundation
  • Registration for CMA Foundation
  • Application Fee for CMA Foundation
  • Admit Card for CMA Foundation

Important Dates

  • Exam Dates for CMA Foundation
  • Results for CMA Foundation

How to Prepare for CMA Foundation

  • Preparation Tips for CMA Foundation
  • Sample Papers for CMA Foundation
  • Previous Years’ Papers for CMA Foundation

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What is CMA Foundation?

  • The course offered by the ICWAI Foundation is known as CMA, which helps one become a certified management accountant and develop expertise in both financial accounting and strategic management.
  • In addition to teaching the core strategy, management and accounting, it also focuses on regulatory.
  • The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics.

Syllabus for CMA Foundation

econimics Fundamentals of Economics and Management (FEM)
  1. Fundamentals of Economics
  2. Fundamentals of Management
Fundamentals of Accounting (FOA)
  1. Fundamentals of Financial Accounting
  2. Fundamentals of Cost and Management Accounting
Fundamentals of Laws and Ethics (FLE)
  1. Fundamentals of Commercial and Industrial Law
  2. Fundamentals of Ethics
maths Fundamentals of Business Mathematics and Statistics(FBMS)
  1. Fundamentals of Business Mathematics
  2. Fundamentals of Business Statistics

Exam Pattern for CMA Foundation

  • CMA Foundation will be a pen and paper based test consisting of questions that need to be answered descriptively for each of the four papers.
  • Each paper is of 100 marks and for the duration of 3 hours each.
  • Conceptual clarity across topics is a must in each subject.
  • Questions will be asked on the following topics:
    • Fundamentals of Economics and Managements
    • Fundamentals of Accounting
    • Fundamentals of Laws and Ethics
    • Fundamentals of Business Mathematics and Statistics

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Eligibility Criteria for CMA Foundation

  • You should have passed Class 10 or equivalent from a recognized board or institution
  • Or, you should have passed Senior Secondary School Examination under the 10+2 format from a recognized board or an examination recognized by the Central Government of the country.
  • Or, you should have passed the National Diploma in Commerce Examination organized by the All India Council for Technical Examination or by any state board of Technical Education, under the authority of the said All India Council.
  • Or, you should have achieved the Diploma in Rural Service Examination conducted by the National Council of Higher Education.
  • If you have cleared the Foundation examination conducted by the Institute of Company Secretaries of India, you will be exempted from the Foundation course and vice versa.
  • Or if you have passed the intermediate examination conducted by the Institute of Chartered Accountants of India, you will be exempted from the Foundation Course.
  • If you have passed the intermediate examination, you will be exempted from the Common Proficiency Test conducted by ICAI.
  • If you have cleared the qualifying examination for direct admission to intermediate course, you are exempted from the Foundation Course.

Registration for CMA Foundation

Steps to apply for CMA foundation

  1. Visit
  2. Click on the ‘Students Portal’ link.
  3. Choose the ‘Online Examination Form’ link on the page.
  4. Click on the ‘Students’ tab.
  5. Choose the ‘Activities’ menu and select ‘Online Application Form’.
  6. Choose the Foundation course from the drop down list that is shown.
  7. Read the instructions carefully and carry out the application formalities.

Check your application status, or login to ICWAI/ICMAI Student Account for other details such as syllabus. Application details, etc.

The following parameters are essential for login:

  • Application number
  • Registration number
  • Email id
  • Mobile number
  • Date of birth

Here is what you need to know:

  • If you have enrolled yourself in the Foundation Course 4 months prior to the June examination, the you are eligible to give the Foundation Examination.
  • Application form for the same can be procured from the official website.
  • The form is to be filled online and the fee payment too is strictly to be made online.
  • If you are applying for centres overseas, you need to apply offline and pay via DD along with the form.

Application Fee for CMA Foundation

The examination fees is as follows:

Inland Centres - Rs 1200

Overseas Centres - $60

Admit Card for CMA Foundation

  • Once you have successfully completed the registration process, you will be directed to download the admit card.
  • The ICWAI admit card is an essential document required for verification, which must be brought to the examination centre.
  • The admit card can be downloaded by selecting the chosen course and then entering the registration number.
  • The document will contain important details about the ICWAI CMA Foundation examination such as date, venue, timings, etc.

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Exam Dates for CMA Foundation

Event Date
Deadline for receipt of application form 10th October 2018
Availability of admit card (expected) 19th November 2018
Results declaration 21st February 2019
Dates for papers
Fundamentals of Economics and Management 10th December 2018 (Monday)
Fundamentals of Accounting 11th December 2018 (Tuesday)
Fundamentals of Laws and Ethics 12th December 2018 (Wednesday)
Fundamentals of Business Mathematics and Statistics 13th December 2018 (Thursday)

Results for CMA Foundation

  • CMA Foundation results of December 2018 will be declared by the Institute of Cost Accountants of India on 21st February 2019.
  • They will be announced online at
  • To check for the same, you are required to enter your Identification/Registration number.
  • Along with the results, the percentage of clearance is also announced.
  • You can check the entire schedule for the ICWAI results of December 2018 from the table mentioned below:
ICMAI Exam Date Result Date
CMA Foundation 10th to 13th December 2018 21st February 2019
CMA Intermediate 10th to 17th December 2018 21st February 2019
CMA Final 10th to 17th June 2018 21st February 2019

How to check the results of December 2018:

Check your results online, as the same will not be communicated by post or any other medium.

Here are the steps to check the CMA Foundation results 2018:

  1. Open the results webpage.
  2. Enter the Identification/ Registration number.
  3. Click on the ‘View Result’ button.
  4. The results will be displayed, which can be checked and downloaded.
Rank List
  • Along with the results, the rank list of the exam too will be released.
  • The list will contain the details of the top 50 candidates who scored the highest in the CMA Intermediate and CMA Final examinations.
  • The CMA December 2018 Rank list will contain the following details:
    • Rank
    • Syllabus
    • Roll number
    • Registration number
    • Name
    • Gender
    • Photograph
    • Center code
    • Center name
CMA Results Percentage 2018
  • The candidates who clear the qualifying pass percentage will only be termed as having qualified the CMA Results 2018.
  • However, it should be noted that the qualifying marks and the pass percentage are different from each other.
  • Qualifying marks: You are deemed to pass in an examination if you score at least 40 percent marks in each paper of the group and at least 50 percent marks in aggregate in non-exempted papers of the group.
  • Pass percentage: Meanwhile, the pass percentage is the percentage of candidates who will qualify for the examination.

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Preparation Tips for CMA Foundation

  • Practice is the key: Practice as much as you can. 70% of your CMA preparation comprises of practice. Toppr offers over 3.5 lakh questions in our question bank to help you learn and strengthen concepts in each chapter.
  • Take All-India Level mock tests: Give time-bound mock tests in a completely exam-like environment to improve your efficiency at attempting questions. Toppr offers an All-India Test Series that lets you compete with other students from all over India.
  • Clear all your doubts: Don't get stuck with doubts. Discuss and clarify them with Subject Experts at Toppr to get an instant reply.
  • Study from the best sources: NCERT and several recommended books for CMA are the minimum resources you need. Toppr offers the best study material from all over the web to help you prepare better.
  • Revision is important: When you go through a formula or concept, maintain revision notes in the form of bullet points. Revision will be useful when the exam is close and a good revision pattern will take less time. Normally, without these notes, you would have to go through the entire chapter to understand important points once again.

Sample Papers for CMA Foundation

Solving sample papers and previous year papers is not only advisable, but also mandatory if you want to stay ahead of the stiff competition in CMA 2018. Solving sample papers will help you prepare for the paper and its pattern while also assisting you in learning efficient time management. You can also assess your own performance by practicing sample papers and judge your level of preparation for CMA 2018.

Previous Years’ Papers for CMA Foundation

Practising previous years’ CMA papers is important as it helps you simulate the real exam. Toppr provides you with a complete set of all question banks from previous years which you can practice to sharpen your skills.