CMA Foundation June 2026: Complete Syllabus, Subjects, and Exam Pattern

The CMA Foundation June 2026: Complete Syllabus, Subjects, and Exam Pattern consists of four papers on law, accounting, mathematics, statistics, economics, and management, designed to build a strong base for higher CMA levels. For better preparation, students can join a CMA course in Bangalore, attend CMA Foundation classes, or enroll in the best CMA institute in Bangalore for expert guidance

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CMA Foundation June 2026: Complete Syllabus, Subjects, and Exam Pattern

You’ll find the CMA Foundation course syllabus directly on the ICMAI website. If you're planning to take the June 2026 exam, give it a close look - it’s key for studying smart. Knowing what’s covered, how it’s arranged, will help focus your efforts.

The CMA Foundation covers four main areas: how economies and businesses work, accounting basics, legal/ethical considerations, then business math alongside stats. Essentially, these courses give you core knowledge for further study in commerce, money matters, and leading organizations.

The curriculum at ICMAI changes regularly, mirroring what’s happening in the real world - so students learn skills that are current and useful. Knowing exactly what each subject covers helps people concentrate on key concepts, plan their studying smartly, then sharpen their test-taking abilities with previous exams CMA Foundation June 2026: Complete Syllabus, Subjects, and Exam Pattern.

CMA Foundation Syllabus

Students learn essential skills for advanced cost and management accounting through the CMA Foundation syllabus. Four main subjects - accounting, economics, law, moreover mathematics - build understanding of key ideas. This prepares people to succeed on the exam while also creating a firm foundation for later stages within the CMA course.

CMA Foundation Subjects 2026

For 2026, the CMA Foundation learning plan divides into four sections - accounting, economics, business law, alongside skills in using numbers. Taken together, these areas give future cost accountants a solid start before moving on.

Paper	Subject	Marks
Paper 1	Fundamentals of Business Laws and Communication	100
Paper 2	Fundamentals of Financial and Cost Accounting	100
Paper 3	Fundamentals of Business Mathematics and Statistics	100
Paper 4	Fundamentals of Business Economics and Management	100

Detailed CMA Foundation Syllabus 2026

Here’s what you need to study for the 2026 CMA Foundation exam – a look at the main subjects within each of the four papers.

Paper 1: Fundamentals of Business Laws and Communication

The report unfolds in two parts - first a look at rules governing business, then how people within businesses connect.

Business Laws

• Introduction – 10%

• The Indian Contract Act, 1872 – 30%

• The Sale of Goods Act, 1930 – 20%

• The Negotiable Instruments Act, 1881 – 20%

Business Communication

How we connect - the basics alongside how those skills are used - counts for a fifth of the grade

Paper 1: Fundamentals of Business Laws and Communication

SECTION A: Business Laws

Introduction

• 1.1 Sources of Law

• 1.2 Law-making process in India

• 1.3 The rules governing how things work alongside India’s courts - how cases move through them

• 1.4 Laws come from two main sources: rules made directly by Parliament, alongside those created by people or groups given authority to do so

Indian Contract Act, 1872

• 2.1 To have a deal that sticks, you need a clear proposal alongside an enthusiastic "yes." That’s pretty much it

• 2.2 Contracts can be scrapped - or maybe undone later. For a deal to stick, something of value must switch hands

• 2.3 What it takes to make something lawful - a look at how things are weighed

• 2.4 Who can make a deal, moreover, must genuinely agree to it

• 2.5 Contingent contracts

• 2.6 Performance of contracts

• 2.7 Agreements covering protection from loss, promises to pay debts, using assets as security, moreover representing another party

• 2.8 What are electronic contracts, what do digital signatures need to work - a quick look

• 2.9 How a contract can end. It happens through several ways - like both parties agreeing, one side breaking the rules, impossibility of completion, or when time simply runs out

• 2.10 When an agreement gets broken, here’s what you can typically do about it

Sale of Goods Act, 1930

• 3.1 Meaning and scope

• 3.2 When stuff changes hands - who has it now versus who had it before

• 3.3 A sales agreement hinges on a few core things: what’s being sold, the agreed-upon price, when ownership transfers, plus any guarantees about the item’s condition. Essentially, it spells out who gets what, for how much, by when – offering security to everyone involved

• 3.4 Conditions and warranties

• 3.5 How well the sales agreement worked out

• 3.6 If someone sells something but doesn’t get paid, they have certain options. These involve holding onto the goods until payment arrives, reclaiming them if the buyer can’t pay, or even selling them to someone else. It’s about protecting the person who extended credit - giving them ways to recover what is owed

Negotiable Instruments Act, 1881

• 4.1 Things that make a financial document usable as payment include a clear promise to pay, an exact amount owed, who should receive the money, plus details about when and where payment is due. It also needs a signature - a commitment from someone responsible

• 4.2 A promise to pay - that’s a promissory note. A written order to transfer funds? That would be a bill of exchange. Then there’s the cheque, a demand for payment from a bank

• 4.3 Let’s untangle those financial papers. A promissory note is basically an IOU – one party promises to pay another. However, a bill of exchange involves three parties; someone instructs payment to a third person. Meanwhile, a cheque directs your bank to hand over cash. So, it's a promise, an order, then a direct instruction - each moving money differently

• 4.4 What happens when you write on a check - a look at how it works, what it means, alongside different kinds.

• 4.5 If a cheque bounces - meaning there aren’t enough funds to cover it - the person who wrote it could face legal consequences under Section 138

SECTION B: Business Communication

Business Communication

• 5.1 Work moves forward when people exchange thoughts. A quick conversation, an email, a talk to the team, or even a written document – all rely on getting your point across. Truly connecting means hearing others, selecting how you speak, moreover confirming they grasped your meaning. Effective workplace talk builds relationships alongside results

• 5.2 Really connecting with others - what matters. How to get your message across, so people actually hear you. It’s about clarity, listening, then responding thoughtfully

• 5.3 Communication process

• 5.4 How companies connect: verbal exchanges, written notes, visual displays - even just body language. It’s all about getting messages across, one way or another

  
  

  • Formal and informal

  • How things are communicated - through writing, speaking, moreover body language

  • Upright, across, also slanting

  • Upward and downward

  
  

• 5.5 Digital chats alongside web connections

• 5.6 What works - also what doesn’t - when you’re talking on social platforms

• 5.7 Crafting documents - reports, emails, proposals - for work

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  • Letters and memos

  • News stories - official or casual

  • Business proposals

  • Improving writing skills

    
    

• 5.8 Talking across cultures when doing business worldwide

• 5.9 Things that get in the way of talking at work. It could be misunderstandings, differing views, or simply not listening well - all hindering clear exchange

• 5.10 How work talk gets regulated. It covers the rules for what you say on the job

• 5.11 To make work papers clearer, incorporate pictures, charts, likewise supporting details

Paper 2: Fundamentals of Financial and Cost Accounting

You’ll get acquainted with how money flows through businesses - looking at finances likewise figuring out expenses. It sets you up for more advanced coursework down the road in this certification.

Subject	Topics	Weightage
Financial Accounting	Accounting Basics	30%
Accounting for Special Transactions	Consignment, Joint Venture, Bills of Exchange	15%
Preparation of Final Accounts	Financial statements of sole proprietorship and NPOs	25%
Cost Accounting	Fundamentals of Cost Accounting	30%

SECTION A: Fundamentals of Financial Accounting

Accounting Basics

• 1.1 Let’s look at how we track finances - the ideas behind it, what the law says, how things are set up, also rules to follow. Moreover, consider different ways businesses can operate

• 1.2 Accounting’s rules, traditions, moreover its core ideas

• 1.3 How money comes in - sales, income - contrasts with how it goes out - costs, purchases

• 1.4 The flow of bookkeeping involves organizing finances using a list of categories, a standardized system, examining what happened with money, the basic balance sheet formula, recording changes on both sides, detailed records, then wrapping things up for each period

• 1.5 Record keeping involves starting, moving, finishing, correcting, fixing information - then putting it into account books

• 1.6 Records of money coming in, money going out - whether held at hand, deposited in the bank, or small funds for immediate needs - together with checks confirming everything matches up

• 1.7 Trial balance preparation

• 1.8 Fixing mistakes, getting things right

• 1.9 Two ways to account for an asset losing value: a steady drop each year, or faster declines initially that slow over time

• 1.10 Dealing with uncollectible amounts, setting aside funds for potentially lost money

Accounting for Special Transactions

• 2.1 Consignment

• 2.2 Joint venture

• 2.3 Payment orders - not for covering debts or bankruptcies

Final Accounts Preparation

• 3.1 A business owned by one person keeps track of money coming in via an income report, alongside a snapshot of what it owns versus owes on a balance sheet

• 3.2 Reports showing a charity’s money coming in, going out - a picture of its financial health

• Records of money coming in alongside outgoing funds

• A record showing money coming in alongside what goes out

• Balance sheet

SECTION B: Fundamentals of Cost Accounting

• 4.1 Cost accounting figures out how much things actually cost to make - not just what appears on standard company reports. It delves into specific projects or products, whereas financial accounting gives a broad overview of the entire business. Because of this detailed look, cost accounting helps managers make decisions like pricing or cutting expenses; financial accounting mostly informs investors also creditors. Both deal with money, nevertheless they serve different purposes, consequently utilize diverse methods

• 4.2 How businesses use expense tracking to choose what to do

• 4.3 Expenses come down to where money goes – a cost centre. Figuring out how much things actually cost happens at the cost unit level. What makes those costs go up or down? Those are the cost drivers

• 4.4 Cost classification as per Cost Accounting Standard – 1

• 4.5 Figure out how much things cost, then build a simple report showing costs alongside profits

Paper 3: Fundamentals of Business Mathematics and Statistics

For anyone studying business, this course delivers key math skills alongside ways to interpret data - vital for smart choices. It dives into calculations yet also stresses thinking things through, equipping you to tackle actual challenges faced in managing money or running a company.

Subject	Topics	Weightage
Business Mathematics	Arithmetic	15%
	Algebra	20%
	Calculus – Business Applications	5%
Business Statistics	Statistical Representation of Data	5%
	Measures of Central Tendency & Dispersion	15%
	Correlation and Regression	15%
	Probability	15%
	Index Numbers and Time Series	10%

SECTION A: Business Mathematics

Arithmetic

• 1.1 How things measure up, change, or differ

• 1.2 How cash changes over time - whether through straightforward growth, building up returns, or regular payments

• 1.3 Sequences where numbers increase by adding a constant value - or multiplying by one.

• 1.4 Figuring out how far something goes, given when it started also how fast it was moving - that sort of thing

Algebra

• 2.1 Exploring how collections work, illustrated with overlapping circles

• 2.2 Exploring indices - how numbers grow when multiplied by themselves - together with logarithms, which figure out what index creates a specific number

• 2.3 Figuring out different arrangements - or selections - of things. It’s about how many ways you can order items, likewise how many groups you might pick

• 2.4 Let’s explore squared relationships. These involve expressions where a variable is raised to the power of two. Solving them means finding values that make the equation true - a bit like uncovering hidden numbers

Calculus – Applications in Business

• 3.1 Calculus - the core ideas, also how those ideas show up in real-world business problems

• 3.2 How income relates to expenses - a look at those connections

• 3.3 Ways to make things better. A look at how we can refine processes

SECTION B: Business Statistics

Statistical Data Representation

• 4.1 Visual displays of information - graphs, pictures showing facts

• 4.2 Frequency distribution tables

• 4.3 Ways to picture data: histograms, frequency polygons, ogives, also pie charts

Measures of Central Tendency & Dispersion

• 5.1 Average, middle value, most frequent, also how spread out things are

• 5.2 How spread out numbers are - looking at ranges, then splitting them into fourths to get a sense of that distribution alongside how much things typically differ from the middle

• 5.3 Standard deviation

• 5.4 Coefficient of variation

• 5.5 Measures of skewness – Karl Pearson’s and Bowley’s

Correlation and Regression

• 6.1 Scatter diagrams

• 6.2 Karl Pearson’s coefficient of correlation

• 6.3 Regression analysis basics

Probability

• 7.1 Essential ideas about chance, alongside what things truly mean when we talk about likelihood

• 7.2 How core chance rules get used

Index Numbers & Time Series

• 8.1 Index numbers matter; they show how things change over time. Building them involves picking a base point - a starting value - then figuring out later values relative to that original benchmark. It’s about tracking shifts, whether in prices or quantities

• 8.2 Unraveling patterns within data that unfolds over time - specifically how to spot long-term shifts utilizing smoothed averages

Paper 4: Fundamentals of Business Economics and Management

Economics along with management get a look here - how they shape choices, guide companies, then help tackle hurdles businesses face.

Subject-wise Weightage

Subject	Topics	Weightage
Fundamentals of Business Economics	Basic Concepts	15%
	Forms of Market	20%
	Money and Banking	20%
	Economic & Business Environment	15%
Fundamentals of Management	Core Principles of Management	30%

SECTION A: Business Economics

1. Basic Concepts

1.1 How money works - the basic ideas behind it

1.2 What people want (utility), what they have (wealth), then how things get made (production) - those are core ideas about how economies work

1.3 How much people want things - what that means, what affects it, the basic rules, how sensitive desires are to price shifts, income changes, or related goods, why folks buy what they do, also predicting future wants

1.4 How available things are – what affects it, the basic rules, how much changes when prices do, also where supply meets demand

1.5 How things get made: what goes into it, how changing one thing affects output, also whether bigger means more

1.6 How much things cost to make: steady expenses, changing expenses, overall expense, expense per item, also the expense of one more item - whether looking at now or down the road

1.7 Means of production

2. Forms of Market

2.1 How prices are set when many companies compete, one company dominates, several offer similar things, two battle it out, or just a few control the market

2.2 Price discrimination

3. Money and Banking

3.1 How cash works, its different forms, also what it does

3.2 What banks do, why they matter, also how they should work

3.3 Commercial banks handle everyday money matters for people like savings, loans, yet central banks oversee everything to keep the financial system stable. One manages your funds; the other guides the whole economy - a sort of referee ensuring fair play alongside economic health

3.4 How banks manage finances - specifically, tools they use to influence borrowing alongside how money flows between institutions

4. Economic & Business Environment

4.1 Economic, Social, Technological, Environmental, Political, and Legal are the acronyms for PESTEL analysis.

4.2 The idea of VUCAFU (Fear of the Unknown, Complexity, Ambiguity, and Unprecedented Challenges)

SECTION B: Fundamentals of Management

5.1 Get a grip on how things get done. This covers the basics of leading people, organizing work, so projects actually happen

5.2 How managers act - do they focus on their own interests, or genuinely care for the company? Agency theory suggests people primarily pursue what benefits them, while stewardship proposes a sense of responsibility drives behavior. Both offer different angles on how to understand leadership within organizations

5.3 Getting things done involves figuring out what to do, arranging everything neatly, finding people to help, then guiding them

5.4 Sharing ideas, working together, keeping track, then steering things

5.5 How teams get arranged, who does what, owning outcomes, likewise passing on power

5.6 How people take charge, alongside what gets them going - key ideas explored

5.7 How we choose - different ways, what happens when we do

Aspect	Details
Exam Mode	Offline, center-based exam
Question Type	Objective (MCQs)
Duration	3 hours
Marks per Paper	100
Total Papers	Four
Medium	English
Negative Marking	No

To truly get ready for becoming a Cost and Management Accountant, the CMA Foundation course walks students through essential subjects - law, bookkeeping, math, data analysis, business studies, plus administration. Doing well on these initial tests builds a firm foundation for moving ahead to the CMA Intermediate then Final stages.