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 What are Bills of Exchange? | CMA Foundation When we thought of one of the subjects of CMA Foundation Fundamentals of Accounting , then the bill of exchange seems an important topic to understand. So here in this article we sprinkle on the: All these subtopics will help you in understanding the concept of CMA Foundation Bill of Change of Fundamentals of Accounting. Bill of exchange Meaning Bill of exchange definition Bill of exchange example Features of the bill of exchange Parties of the bill of exchange A bill of exchange is a legally enforceable agreement between two parties to pay a specific sum of money to the other party on a specific date or upon demand. In other terms, it is a written negotiable document that contains an unconditional order from the creator to pay a set sum of money to a specific person or to the bearer of the instrument, as directed in the instrument. The bill of exchange might be paid immediately or after a set length of time.   The bill of exchange is issu

What is Arithmetic Progression & Geometric Progression? Video Lecture About Arithmetic Progression and Geometric Progression An arithmetic progression  is a sequence of numbers in which each term is derived from the preceding term by adding or subtracting a fixed number called the common difference "d". A geometric progression  is a sequence in which each term is derived by multiplying or dividing the preceding term by a fixed number called the common ratio. For example, the sequence 4, -2, 1, - 1/2,.... is a Geometric Progression (GP) for which - 1/2 is the common ratio. This article on Arithmetic Progression will sprinkle on all the aspects of AP and is helpful for both Class 10 Maths and CA/CMA Foundation Fundamentals of Business Mathematics and Statistics.   Properties Of Arithmetic Progression On the off chance that a similar number is included or deducted from each term of an A.P, at that point, the subsequent terms in the succession are likewise in A.P with simil

What is the syllabus for CMA Foundation Exam? ICMAI Foundation Syllabus 2021 for the exam in 2021. This page will present you with the most up-to-date curriculum for the 2021 attempt. Use this syllabus to begin your preparation as soon as possible so that you can pass the exam with the desired score and rank. Study with us to achieve your goal of passing the exam on your first try. CMA Foundation Exam & CMA Foundation Syllabus 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.   QUALIFICATION REQUIREMENTS You’ll need to show up for The Secondary School Examination (10+2) or its perceived proportionate by the Central Government. On the off chance that you’ve met this essential, you can en

Fundamentals of Accounting Joint Venture Meaning CMA Foundation JOINT VENTURE MEANING A joint venture is an agreement between two or more parties to combine their resources for the goal of completing a certain job or transaction. This task could be a new project or a different type of commercial activity. Each partner of a joint venture is liable for the earnings, losses, and expenditures associated with it. The enterprise, on the other hand, is a separate entity from its participants.   JOINT-VENTURE ACCOUNTING Coming to the Joint-Venture accounting, the parties can maintain the records of the joint venture business transactions in different ways, such as:   1)   Entities maintain the records of the joint business transactions, in their own business entity books, and reconcile them with other ventures as and when required, including at the end for final settlement. 2)  SEPARATE SET OF BOOKS OF ACCOUNTS  is maintained for and by the joint venture business including a profit loss accou

CMA Foundation Business Mathematics Arithmetic Progression Formula Arithmetic Progression (AP) is a set of integers in which the difference between any two consecutive numbers is a fixed value. The number sequence 2,4,6,8,..., for example, is an AP because the difference between two consecutive terms is 4-2=2. Indeed, we can demonstrate that the basic contrast between two progressive terms will be comparable to 2 even if the integers are odd and even. In the event that we see in our everyday lives, we regularly go through Arithmetic progression. For example, the number of students in a class, the number of days in a week, or the number of months in a year. Mathematically, this kind of organization and successions is known as progressions. This post on AP will cover all areas of the subject and will be useful for both Class 10 Maths and CA/ CMA Foundation  Fundamentals of Business Mathematics and Statistics. Let's have a look at an example of arithmetic progression. PROPERTIES OF AR

How to Decide Which Course to Join CS, CA, or CMA Which is the best option for your career? CA, CS, or CMA  A person who is choosing between these two, i.e. Chartered Accountants , Company Secretary  or CMA Foundation course must be interested in playing with numbers. It really depends on the student’s interest. Here is a simple guide for you to choose between these courses under various categories. In this blog, we tell you about the differences between  Chartered Accountants (CA), Company Secretary   (CS), or CMA. Go through it completely to know in detail.   Introduction There are tons of similarities when it involves the syllabus altogether three courses – CA, CS, and  Cost Management Accounting  (CMA). However, the most focus of CA is Finance, Auditing, and Tax. The most focus of CMA is that the in-depth study of Cost and Management Accounting whereas CS gives you an in-depth study structure for Company Law and Company Secretaryship. At the top of the day, you’ll get to have a tr

CMA Foundation Fundamentals Of Economics And Management In this article, we will provide an overview of one of the CMA Foundation  topics, Fundamentals of Economics and Management . Let's take a quick look at the subject.   Meaning Economics is the study of how we work together to transform scarce resources into products and services in order to fulfill our natural desires. While several academics have characterized economics in various ways, the most commonly accepted definition is that it is the study of money. The research of how to get things done by and with the people involved in an operation is what management is all about.   Fundamentals of Management  is an introduction to management that explains how management plays a critical role in organizations since they need a high level of management to accomplish their goals and objectives. There are numerous writers who describe management from various viewpoints, and the best one is to think about understanding management. Top-

Why is the cash flow statement concerned with cash equivalents? In this article, we'll Discuss  Cash Flow Statement & Cash Equivalents For  CA Inter  &  CMA Inter .   Cash Flow Statement & Cash Equivalents Data on a company's cash flows are useful for providing financial statement clients with a foundation for evaluating the company's ability to generate cash and cash equivalents, as well as the company's needs to use those cash flows. Clients' monetary decisions necessitate an evaluation of a company's ability to generate cash and cash equivalents, as well as the certainty of their production. The standard arrangements with the provision of data about a venture's historical changes in cash and cash equivalents by methods for a cash flow statement that characteristic  cash flows from operating, spending, and financial activities over the period.   BENEFITS OF CASH FLOW STATEMENT When used in conjunction with the following financial statements, a

Why Ethics and Law are not the Same Things - CMA Foundation E thics provides us with guides on what is the right thing to do in all aspects of life, while the law generally provides more specific rules so that societies and their institutions can be maintained.- CMA Foundation Paper 3 - Fundamentals of Laws and Ethics.   What is the definition of the law? The legislation specifies what we are not permitted to do and what we are required to do. This seems to be evolving as the legislation tends to impose broader responsibilities in areas such as company and corporate action, such as directors' obligations and well-being agreements for financial advice. Lawful responsibilities and ethical obligations, on the other hand, aren't always comparable. Even if something is legal, we can find it unsatisfactory. Also, we may think anything is right, but it may not be legal. Several companies are facing public backlash for failing to pay adequate expenditures in different wards. While this