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

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)

Must Read –

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