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What is demand explain the theory of law of demand in detail? Video Lecture In this video lecture, we are going to learn the Theory of Demand in accordance with Fundamentals of Economics and Management, Paper 1 of CMA Foundation.   Difference between the law of demand and the theory of demand? Theory of Demand is the principle/law that correlates the demand for a product with the price of the product. The Law of Demand is the basis for price determination in an open market. We will also look at the Elasticity of Demand and the concept of Demand Schedule. Theory of Demand, tells the connection between the cost of the merchandise and its amount requested. In the event that the cost of any great or administration expands, at that point its interest diminishes and the other way around. Theory of Demand The relationship between the cost of a product and the amount demanded is described by the Theory of Demand. When the expense of a good or administration rises, so does its appeal, and vice

CMA Foundation Syllabus  2021 Check Details  CMA Foundation Syllabus & CMA Foundation Exam The Institute of Cost Management Accountants of India administers the CMA Foundation  Exam , which is a disconnected expressive test administered by pen and paper. The test consists of four papers. Each is worth 100 stamps and lasts three hours. The exam will last for at least four days. It takes place twice a year, once in June and once in December.   Eligibility Criteria and Registration Process You must appear for the Secondary School Examination (10+2) or a proportional examination as determined by the Central Government.   If you meet this requirement, you are qualified to enroll. It's worth noting that if you're waiting for your results, you can apply for temporary enrollment.   You can enlist in one of two different ways: Offline registration Online registration In the event that you pick disconnected enrollment, you’ll need to mail in your application to your individual territ

What is ICMAI ? Its  History and the primary qualification of the ICMAI History of ICMAI The Institute of Cost and Management Accountants of India (ICMAI) was established in 1944 as a registered limited liability company (LLC) under the terms of the Companies Act of 1913. ICMAI's goals include regulating, promoting, and growing the field of value accounting. This law was passed to give ICWAI statutory registration as an independent professional institute. On December 12, 2011, the CWA Amendment Bill was introduced in both houses of parliament — the Lok Sabha and the Rajya Sabha. The CWA Amendment law was approved by the Honorable President of India on January 12, 2012. The amendments were published in India's Official Gazette on January 13, 2012.   ICMAI qualifications and curriculum   CMA completion is the ICMAI's primary qualification, which entails passing up to three levels of examinations – Foundation, Intermediate , and  Final  – as well as three years of practical tr

What is Cost and Management Accounting Video Lectures - CMA Foundation INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING Cost and management accounting  is a type of accounting that aims to maximize profit by managing revenues and expenses and providing data and reports that managers can use to inform their long-term profit and growth goals and objectives.   Meaning of Cost Cost is the monetary value of the utility that has yet to be obtained from the resources employed by the company to generate revenue. In plain terms, the cost is the benefit we expect to receive in the future from an asset or assets, whether we use them for business purposes or sell them in an arm's length transaction.   WHAT IS COST ACCOUNTING? Essentially, cost accounting  is the act of monetizing outflows of cash or losses of advantages in relation to a certain part of the business for which the user requires information that is primarily used in the decision-making process. It is a type of cost accounting that

 Fundamentals of Accounting - Bill of Exchange (CMA Foundation) About Bill of Exchange The Negotiable Instruments Act 1881 governs the provisions for bills of exchange. According to Section 5 of this act, the bill of exchange is defined as. A bill of exchange means a binding agreement by one party to pay a fixed amount of money to another party as on a specified date or on-demand. In other words, it is a written negotiable instrument containing an unconditional order to pay a specified sum of money to a certain person or to the bearer of the instrument, as directed in the instrument by the maker. The bill of exchange is either payable on demand or after a specified period.   Meaning of Bill of Exchange A bill of exchange is a document that is drawn by one person and directs another person to pay another person a specific sum of money. If the individual who is supposed to pay the sum accepts the bill of exchange, it is of practical use.   Features of the bill of exchange It must be in w