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

Paper 1: Fundamentals of Economics & Management

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
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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 [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 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 [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