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CMA Foundation Registration June 2024 (Started)


June 2024 CMA Foundation Registration, aspiring CMAs, fulfilling career, entry-level exam, Institute of Cost Accountants of India, ICMAI, foundational knowledge, cost and management accounting, diverse range of career opportunities, finance, management consulting, auditing, CMA Foundation course curriculum, Fundamentals of Economics and Management, Fundamentals of Accounting, Fundamentals of Laws and Ethics, Fundamentals of Business Mathematics and Statistics, eligibility criteria, Senior Secondary Examination, 10+2 scheme, National Diploma in Commerce, Diploma in Rural Service, exam pattern, four CMA papers, 100 marks per paper, offline, center-based format, multiple-choice questions, MCQs, no negative marking, OMR-based system, designated centers, examination environment, application process, Payfee Module, credit/debit cards, net banking, Demand Draft, application deadline, exam schedule, session division, marking scheme, foundational principles, professional growth, personal development, career advancement, networking prospects, prestigious credential, iProledge, Bangalore, highly qualified faculties.

The registration window for the June 2024 CMA (Certified Management Accountant) Foundation exam is officially open, welcoming aspiring CMAs on their journey towards a fulfilling career. This entrylevel exam, administered by the Institute of Cost Accountants of India (ICMAI), equips candidates with the foundational knowledge and skills crucial for success in cost and management accounting. 

June 2024 CMA foundation registration marks the first step for prospective CMAs to embark on their path to earning the prestigious CMA designation. This coveted qualification unlocks doors to a diverse range of career opportunities across various industries, including finance, management consulting, auditing, and many more. The CMA foundation course curriculum delves into essential subjects like Fundamentals of Economics and Management, Fundamentals of Accounting, Fundamentals of Laws and Ethics, and Fundamentals of Business Mathematics and Statistics. 

The Institute of Cost Accountants of India (ICMAI) has opened registrations for the CMA Foundation exam for the June 2024 session. Aspiring candidates must complete their registration by January 31, 2024, to be eligible for the exam. The exam is scheduled to be held on June 16, 2024. 


CMA Foundation Exam Pattern 


Demystifying the CMA Foundation Exam Pattern 

The CMA (Certified Management Accountant) Foundation exam is meticulously designed to assess the foundational knowledge of aspiring CMAs (Certified Management Accountants) seeking a career in cost and management accounting. Here's a comprehensive breakdown of the CMA Foundation exam structure.


CMA Foundation Structure and Format 


  • Number of CMA Papers: The exam is comprised of four distinct CMA papers, each focusing on a critical area of knowledge for cost and management accounting professionals. 

  • Marks Distribution: Each individual CMA paper carries a weightage of 100 marks, resulting in 400 marks for the entire CMA Foundation exam. 

  • Exam Sessions: The CMA Foundation exam is divided into two sessions, with two CMA papers administered in each session. This division allows candidates to manage their time and effort effectively throughout the exam. 


CMA Foundation Papers and Content 


  • Fundamentals of Economics and Management: This foundational CMA paper delves into core economic concepts and management principles, equipping candidates with a strong understanding of the economic environment and managerial functions. 

  • Fundamentals of Accounting: This core CMA paper focuses on the fundamental principles and procedures of accounting, encompassing financial statements, accounting cycles, and the basics of bookkeeping. 

  • Fundamentals of Laws and Ethics: This essential CMA paper explores the fundamental legal framework governing businesses and the ethical considerations faced by professionals, including corporate laws and ethical practices. 

  • Fundamentals of Business Mathematics and Statistics: This crucial CMA paper covers the mathematical techniques and statistical tools utilized in business decisionmaking, encompassing algebra, calculus, probability, and data interpretation. 

 

CMA Foundation Mode of Examination 


  • Offline, CenterBased Format: The CMA Foundation exam is conducted in an offline mode at designated examination centers. Candidates must appear at these predetermined centers to take the CMA exam. 


  • Multiple Choice Questions (MCQs): The CMA Foundation exam follows a standardized MCQ format. Each individual CMA paper consists of 50 multiplechoice questions, designed to assess candidates' knowledge and understanding of the relevant subject matter. 


  • Marking Scheme: Each MCQ in the CMA Foundation exam carries 2 marks, resulting in a total of 100 marks obtainable per paper. There's no penalty for incorrect answers, allowing candidates to attempt all questions strategically without the fear of losing marks for wrong choices. 


CMA Foundation Examination Schedule 


Session Division: The CMA Foundation exam is divided into two sessions


  • Session 1: This session typically includes two CMA papers, such as Fundamentals of Economics and Management and Fundamentals of Accounting. 


  • Session 2: This session encompasses the remaining two CMA papers, such as Fundamentals of Laws and Ethics and Fundamentals of Business Mathematics and Statistics. 


Duration: Each session of the CMA Foundation exam typically lasts for a few hours, with adequate breaks allocated between sessions to ensure optimal performance for candidates. 


Examination Environment 


  • OMR Based System: The CMA Foundation exam utilizes an Optical Mark Recognition (OMR) system for answer sheets. Candidates mark their answers on designated OMR sheets, which are then scanned and evaluated electronically. 


  • Designated Centers: Examination centers for the CMA Foundation exam are equipped to provide a conducive environment for testtaking. Candidates are assigned to centers based on their geographical location and exam availability. 


By thoroughly understanding the CMA Foundation exam pattern, candidates can develop a strategic study plan, focusing on the specific requirements of each CMA paper and mastering the techniques required for effective MCQ response. This structured approach empowers aspiring CMAs to be wellprepared and achieve success in the CMA Foundation exam. 

 

CMA Foundation Fees 

The registration fee for the CMA Foundation exam is Rs. 6,000, which can be paid online or through postal mode. 


CMA Foundation Eligibility 

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Eligibility Requirements for the CMA Foundation Exam 


To register for the CMA Foundation Exam, candidates must fulfill the eligibility criteria set by the ICMAI. They should have passed Class 10 or an equivalent exam from a recognized board or institution. Additionally, candidates must have passed the Senior Secondary Examination under the 10+2 scheme from a recognized board or an equivalent examination recognized by the central government. 


Alternatively, candidates can qualify if they have passed one of the following: 


  • The National Diploma in Commerce examination conducted by AICTE or any State Board of Technical Education under the All India Council. 

  • The Diploma in Rural Service examination conducted by the National Council of Higher Education. 


Remember, these qualifications are essential for registering for the CMA Foundation Exam. 


CMA Foundation Syllabus 


The CMA Foundation course consists of 4 subjects, namely:

 

Paper 1: Fundamentals of Business Laws and Business Communication (FBLC) 

Paper 2: Fundamentals of Financial and Cost Accounting (FFCA) 

Paper 3: Fundamentals of Business Mathematics and Statistics (FBMS) 

Paper 4: Fundamentals of Business Economics and Management (FBEM) 


Step by step tutorial for CMA Foundation Registration


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Here’s a step-by-step guide to register for the CMA Foundation June 2024 exam: 


  •  Click on the “Students” tab on the menu bar. 

  •  Click on the “Online Services” option from the drop menu. 

  • Select the “Students” option from the next dropdown menu. 

  •  Click on the “Foundation” option under the “Course/Programme” section. 

  • Fill in the required details such as personal information, educational qualifications, and contact information. 

  •  Upload a scanned copy of your passportsized photograph and signature. 

  •  Pay the registration fee of Rs. 6,000 through online or postal mode. 

  • Submit the application form. 


Additional points to remember 

Key Points to Remember for Your CMA Foundation Exam Application: 


CMA Foundation Exam Application Process:


  • Applications for the CMA Foundation Exam must be submitted online through the ICMAI website ([invalid URL removed]). Fees can be paid online using the Payfee Module of IDBI Bank or through the website's payment gateway using credit/debit cards or net banking. 

  • Overseas candidates must submit their applications offline and include a Demand Draft with their application form. 

 

How to Apply Online for the CMA Foundation Exam


  • You can use your credit/debit card or net banking to pay the application fee through the integrated payment gateway. 

  • Alternatively, you can make the payment through the Payfee Module of IDBI Bank. 

 

CMA Foundation Exam Application Deadline


  • Don't miss out! The deadline to submit your application form for the June 2024 CMA Foundation Exam is April 16, 2024. There will be strictly no extensions granted after this date. 

 

CMA Foundation Exam Details


  • The CMA Foundation Exam will be conducted offline using an OMRbased system, where you will answer Multiple Choice Questions (MCQs). 

  • Each CMA Foundation Exam paper is worth 100 marks and consists of 50 MCQs, with each question carrying 2 marks. 

  • As part of the exam format, you must appear at a designated offline exam center equipped with OMR sheets. 

 

CMA Foundation Exam Eligibility and Exam Conditions


  • Only candidates who fulfill all the eligibility criteria as outlined by ICMAI regulations will be permitted to participate in the CMA Foundation Exam. 

  • It's important to note that there is no negative marking in the CMA Foundation Exam. 

 

CMA Foundation Exam Results


  • The results for the June 2024 CMA Foundation Exam are expected to be released by July 11, 2024. 


Conclusion


The CMA Foundation Exam is a critical stepping stone for those seeking a career in cost and management accounting. The application window for the June 2024 session is currently open, and candidates must complete their registration by January 31, 2024. The exam itself consists of four separate CMA Foundation Exam papers, each with a value of 100 marks, and is conducted in an offline format. The registration fee for the CMA Foundation Exam is Rs. 6,000, payable online or through postal methods. 

  

FAQs on the CMA Foundation Exam Registration for June 2024 


What is the last date to register for the CMA Foundation exam for the June 2024 session? 

The last date to register for the CMA Foundation exam for the June 2024 session is January 31, 2024. Ensure that all application forms are submitted and fees are paid by this deadline. 

What is the exam pattern for the CMA Foundation exam? 

How can candidates pay the registration fee for the CMA Foundation exam?

What are the eligibility criteria for registering for the CMA Foundation exam?

When and where will the CMA Foundation exam be held? 


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