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
| P1 | Fundamentals of Economics & Management |
| P2 | Fundamentals of Accounting |
| P3 | Fundamentals of Laws and Ethics |
| P4 | Fundamentals of Business Mathematics & Statistics |
Paper 1: Fundamentals of Economics & Management
| Contents | Weightage |
| Section A : Fundamentals of Economics | |
| 1. Basic concepts of Economics | 25% |
| 2. Forms of Market | 25% |
| 3. Money and Banking | 10% |
| Section B : Fundamentals of Management | |
| 4. Management Process | 40% |
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)
Must Read –
- CMA Foundation Study Material for Syllabus 2016
- CMA Foundation, CMA Inter, CMA Final New Syllabus 2016
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
| Contents | Weightage |
| Section A : Fundamentals of Financial Accounting | |
| 1. Accounting Fundamentals | 35% |
| 2. Accounting for Special Transactions | 20% |
| 3. Preparation of Final Accounts | 25% |
| Section B : Fundamentals of Cost Accounting | |
| 4. Fundamentals of Cost Accounting | 20% |
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
| CONTENTS | Weightage |
| Section A : Fundamentals of Commercial Laws | |
| 1. Indian Contracts Act, 1872 | 40% |
| 2. Sale of Goods Act, 1930 | 20% |
| 3. Negotiable Instruments Act, 1881 | 10% |
| Section B : Fundamentals of Ethics | |
| 4. Ethics and Business | 30% |
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
| CONTENTS | Weightage | |
| Section A : Fundamentals of Business Mathematics | ||
| 1. | Arithmetic | 20% |
| 2. | Algebra | 20% |
| Section B : Fundamentals of Business Statistics | ||
| 3. | Statistical representation of Data | 10% |
| 4. | Measures of Central Tendency and Dispersion | 30% |
| 5. | Correlation and Regression | 10% |
| 6. | Probability | 10% |
Section A : Fundamentals of Business Mathematics [40 Marks]
Arithmetic
- Ratios, Variations and Proportions
- Simple and Compound interest
- Arithmetic Progression and Geometric Progression.
Algebra
- 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
Probability
- Independent and dependent events; Mutually exclusive events
- Total and Compound Probability; Baye’s theorem; Mathematical Expectation
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