What is in the CMA Foundation Exam? Introduction of CMA Foundation Accounting Video Lecture

 What is in the CMA Foundation Exam? Introduction of  CMA Foundation Accounting Video Lecture

In this Video post, we will talk about The Institute of Cost Management Accountants of India’s entry-level requirements into the Cost Management Accountancy Course. The nature of exams, number of papers, and weightage of each topic. Whether it is offline-based or online-based.

Introduction of CMA Foundation

The exam is known as the CMA Foundation exam. ICMAI is the conducting body. The full form is The Institute of Cost Management Accountants of India. Previously the body was known as the Institute of Cost & Works Accountants of India.

 

Introduction Of CMA Foundation Accounting

Accounting is the process of recording, classifying, and summarising a company's financial activities. Accounting is widely used since it aids in the decision-making process in all economic activities.

 

As a CMA Foundation candidate, you should be familiar with the fundamentals and fundamental ideas of accounting. At an elementary level, you will learn how to comprehend, classify, record, and present financial statements. There are two parts to this study. Fundamentals of Accounting will be covered in part one, and Fundamentals of Cost Accounting will be covered in part two.

 

The goal of the paper, according to ICMAI, is for you to gain a full understanding of all areas connected to financial statements, accounting concepts, procedures, and their application to various practical situations.

The paper will take 3 hours to complete. It is divided into two parts. The Fundamentals of Financial Accounting are covered in Section A. The Fundamentals of Cost Accounting are covered in Section B. It's a descriptive paper with an offline mode (pen and paper-based). The paper is worth a total of 100 points. Section A has an 80-point value, while Section B has a 20-point value.

Contents	Marks Allocated
Section A: Fundamentals of Financial Accounting
1.  Accounting Fundamentals	35
2.  Accounting for Special Transactions	20
2. Preparation of Final Accounts	25
Section B: Fundamentals of Cost Accounting
Fundamentals of Cost Accounting	20

 

Browse this Full Video for More Detail About CMA Foundation Accounting

 

We hope that you have found the information outlined in the post useful. Good luck with your upcoming exams!

Do you have any questions about anything in this post? Tell us what you think in the comments section below. Also, don't forget to enroll in our CMA Foundation Online Video Lectures, which cover the full curriculum.

Here, at Takshila Learning, we offer CMA Foundation Online Classes via CMA Foundation Video Lectures and Online Tuition Classes. Prepare now for CMA Foundation Exam with us right from your home. Call Us @ 8800999280/83/84 and Book A Demo Now.