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CMA Foundation New Syllabus 2016 – Chapter Wise Details

CMA Foundation New Syllabus 2016 – Chapter Wise Details, Hi Friends Check Complete Details for CWA/CMA Foundation New Syllabus 2016. In this article you can find chapter wise details for CMA Foundation Syllabus 2016. We provide all 4 subject details with marks weighted. ICMAI Foundation New Course Details, CMA New Course Topic Wise Details. Now you can scroll down below n check “CMA Foundation New Syllabus 2016 – Chapter Wise Details”


CMA Foundation New Syllabus 2016

CMA Foundation New Syllabus 2016

P1Fundamentals of Economics & Management
P2Fundamentals of Accounting
P3Fundamentals of Laws and Ethics
P4Fundamentals of Business Mathematics & Statistics

Paper 1: Fundamentals of Economics & Management

Section A : Fundamentals of Economics
1. Basic concepts of Economics25%
2. Forms of Market25%
3. Money and Banking10%
Section B : Fundamentals of Management
4. Management Process40%

Section A : Fundamentals of Economics [50 Marks]

1. Basic Concepts of Economics – Micro & Macro Economics

  • (a) The Fundamentals of Economics
  • (b) Utility, Wealth, Production
  • (c) Theory of Demand ( meaning, determinants of demand, law of demand, elasticity of demandprice, income and cross elasticity) and Supply (meaning, determinants, law of supply and elasticity of supply)
  • (d) Equilibrium
  • (e) Theory of Production ( meaning , factors, laws of production- law of variable proportion, laws of returns to scale)
  • (f) Cost of Production ( concept of costs, short-run and long-run costs, average and marginal costs, total, fixed and variable costs)

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2. Forms of Market

  • Pricing strategies in various forms of markets

3. Money and Banking

  • (a) Definition of Money, Types, Features and Functions
  • (b) Definition, functions, utility, principles of Banking
  • (c) Commercial Banks, Central Bank
  • (d) Measures of credit control and Money Market

Section B : Fundamentals of Management [50 Marks]

4 Management Process

  • (a) Introduction, planning, organizing, staffing, leading, control, communication, co-ordination
  • (b) Concept of Power, Authority, Delegation of Authority, Responsibility, Accountability
  • (c) Leadership & Motivation – Concept & Theories
  • (d) Decision-making – types of decisions, decision-making process.

Paper – 2: Fundamentals of Accounting

Section A : Fundamentals of Financial Accounting
1. Accounting Fundamentals35%
2. Accounting for Special Transactions20%
3. Preparation of Final Accounts25%
Section B : Fundamentals of Cost Accounting
4. Fundamentals of Cost Accounting20%

Section A : Fundamentals of Financial Accounting [80 Marks]

Accounting Basics

  • Accounting Principles, Concepts and Conventions
  • Capital and Revenue transactions – capital and revenue expenditures, capital and revenue receipts
  • Double entry system, Books of prime entry, Subsidiary Books, Cash Book
  • Journal, Ledger, Trial Balance
  • Depreciation – Methods (Straight Line and Diminishing Balance methods only)
  • Rectification of Errors
  • Opening entries, Transfer entries, Adjustment entries, Closing entries
  • Bank Reconciliation Statements

Accounting for Special Transactions

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

Preparation of Final Accounts:

  • Of a Profit making concern (for sole proprietorship concern only)
  • Accounting treatment of bad debts, reserve for bad and doubtful debts, provision for discount on debtors and provision for discount on creditors.
  • Preparation of Trading Account, Profit & Loss Account and Balance Sheet.
  • Of a Not-for- Profit making concern
  • Preparation of Receipts and Payments Account
  • Preparation of Income and Expenditure Account

Section B : Fundamentals of Cost Accounting [20 Marks]

Fundamentals of Cost Accounting

  • Meaning, Definition, Significance of Cost Accounting, its relationship with Financial Accounting & Management Accounting.
  • Classification of Costs
  • Format of Cost Sheet

Paper 3 – Fundamentals of Laws and Ethics

Section A : Fundamentals of Commercial Laws
1. Indian Contracts Act, 187240%
2. Sale of Goods Act, 193020%
3. Negotiable Instruments Act, 188110%
Section B : Fundamentals of Ethics
4. Ethics and Business30%

Section A : Fundamentals of Commercial and Industrial Laws

1 Indian Contracts Act, 1872

  • Essential elements of a contract, offer and acceptance
  • Void and voidable agreements
  • Consideration, legality of object and consideration
  • Capacity of Parties, free consent
  • Quasi Contracts, Contingent Contracts
  • Performance of contracts
  • Discharge of contracts
  • Breach of Contract and Remedies for Breach of Contract

2 Sale of Goods Act, 1930

  • Definition
  • Transfer of ownership
  • Conditions and Warranties
  • Performance of the Contract of Sale
  • Rights of Unpaid Vendor
  • Auction Sales

3 Negotiable Instruments Act, 1881

  • Negotiable Instruments -Characteristics of Negotiable Instruments
  • Definitions of Promissory Note, Bill of Exchange and Cheque
  • Differences between Promissory Note, Bill of exchange and Cheque
  • Crossing – Meaning, Definition and Types of Crossing.

Section B : Fundamentals of Ethics

Ethics and Business

  • Ethics – Meaning, Importance
  • The “Seven Principles of Public Life” – selflessness, integrity, objectivity, accountability, openness, honesty and leadership
  • The relationship between Ethics and Law
  • Ethics in Business

Paper 4: Fundamentals of Business Mathematics & Statistics

Section A : Fundamentals of Business Mathematics
Section B : Fundamentals of Business Statistics
3.Statistical representation of Data10%
4.Measures of Central Tendency and Dispersion30%
5.Correlation and Regression10%

Section A : Fundamentals of Business Mathematics [40 Marks]


  • Ratios, Variations and Proportions
  • Simple and Compound interest
  • Arithmetic Progression and Geometric Progression.


  • Set Theory
  • Indices and Logarithms (basic concepts)
  • Permutation and Combinations (basic concepts)
  • Quadratic Equations (basic concepts)

Section B : Fundamentals of Business Statistics [60 Marks]

Statistical Representation of Data

  • Diagrammatic representation of data
  • Frequency distribution
  • Graphical representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart

Measures of Central Tendency and Dispersion

  • Mean, Median, Mode, Mean Deviation
  • Range, Quartiles and Quartile Deviation
  • Standard Deviation
  • Co-efficient of Variation
  • Karl Pearson and Bowley’s Co-efficient of Skewness

Correlation and Regression

  • Scatter diagram
  • Karl Pearson’s Coefficient of Correlation
  • Regression lines, Regression equations, Regression coefficients


  • Independent and dependent events; Mutually exclusive events
  • Total and Compound Probability; Baye’s theorem; Mathematical Expectation

About Raju Choudhary

Article by Raju Choudhary Raju has written 810 articles. If you like This post, you can follow CAknowledge on Twitter. Subscribe to CAknowledge feed via RSS or EMAIL to receive instant updates.

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