Best CMA Foundation Coaching

The CMA Foundation course syllabus is broadly divided into four fundamental courses. The topics under the CMA Foundation exam syllabus stated by ICWAI or ICAI are as follows:

Foundation Course:

• PAPER.1. Basic Concepts of Economics – Micro & Macro Economics
• Paper 2: Fundamentals of Accounting (FOA)
• Paper 3: Fundamentals of Laws and Ethics (FLE)
• Paper 4: Fundamentals of Business Mathematics and Statistics (FBMS)

DETAILED SYLLABUS FOR best CMA foundation coaching in jaipur

PAPER.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 demand-price, 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)

2. Forms of Market

(a) 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 – Sub-topics

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 (FOA)

Section A – Fundamentals of Financial Accounting Sub-topics

1. Accounting Fundamentals

(a) Accounting Principles, Concepts and Conventions

(b) Capital and Revenue transactions- capital and revenue expenditures, capital and revenue receipts

(c) Double entry system, Books of prime entry, Subsidiary Books, Cash Book

(d) Journal , Ledger, Trial Balance

(e) Depreciation – Methods (Straight Line and Diminishing Balance methods only)

(f) Rectification of Errors

(g) Opening entries, Transfer entries, Adjustment entries, Closing entries

(h) Bank Reconciliation Statements

2. Accounting for Special Transactions

(a) Bills of Exchange (excluding accommodation bill, insolvency)

(b) Consignment (cost price, invoice price, commission & valuation of stock)

(c) Joint Venture

3. Preparation of Final Accounts

(a) Of a Profit-making concern (for sole proprietorship concern only)

(i) Accounting treatment of bad debts, reserve for bad and doubtful debts, provision for discount on debtors and provision for discount on creditors.

(ii) Preparation of Trading Account, Profit & Loss Account and Balance Sheet.

(b) Of a Not-for-Profit making concern

(i) Preparation of Receipts and Payments Account

(ii) Preparation of Income and Expenditure Account

Section B: Fundamentals of Cost Accounting Sub-topics

4. Fundamentals of Cost Accounting

(a) Meaning, Definition, Significance of Cost Accounting, its relationship with Financial Accounting & Management Accounting.

(b) Classification of Costs

(c) Format of Cost Sheet

Paper 3: Fundamentals of Laws and Ethics (FLE)

Section A: Fundamentals of Commercial Laws

1. Indian Contracts Act, 1872

(a) Essential elements of a contract, offer and acceptance

(b) Void and voidable agreements

(c) Consideration, legality of object and consideration

(d) Capacity of Parties, free consent

(e) Quasi-contracts, Contingent contracts

(f) Performance of contracts

(g) Discharge of contracts

(h) Breach of Contract and Remedies for Breach of Contract

2. Sale of Goods Act, 1930

(a) Definition

(b) Transfer of ownership

(c) Conditions and Warranties

(d) Performance of the Contract of Sale

(e) Rights of Unpaid Vendor

(f) Auction Sales

3. Negotiable Instruments Act, 1881

(a) Negotiable Instruments–Characteristics of Negotiable Instruments

(b) Definitions of Promissory Note, Bill of Exchange and Cheque

(c) Differences between Promissory Note, Bill of Exchange and Cheque

(d) Crossing – Meaning, Definition and Types of Crossing

Section B: Fundamentals of Ethics

4. Ethics and Business

(a) Ethics – Meaning, Importance

(b) The “Seven Principles of Public Life” – Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership

(c) The relationship between Ethics and Law

(d) Ethics in Business

Paper 4: Fundamentals of Business Mathematics and Statistics (FBMS)

Section A: Fundamentals of Business Mathematics

1. Arithmetic

(a) Ratios, Variations and Proportions

(b) Simple and Compound Interest

(c) Arithmetic Progression and Geometric Progression

2. Algebra

(a) Set Theory

(b) Indices and Logarithms (basic concepts)

(c) Permutation and Combinations (basic concepts)

(d) Quadratic Equations (basic concepts)

Section B: Fundamentals of Business Statistics

3. Statistical Representation of Data

(a) Diagrammatic representation of data

(b) Frequency distribution

(c) Graphical representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart

4. Measures of Central Tendency and Dispersion

(a) Mean, Median, Mode, Mean Deviation

(b) Range, Quartiles and Quartile Deviation

(c) Standard Deviation

(d) Co-efficient of Variation

(e) Karl Pearson and Bowley’s Co-efficient of Skewness

5. Correlation and Regression

(a) Scatter diagram

(b) Karl Pearson’s Coefficient of Correlation

(c) Regression lines, Regression equations, Regression coefficients

6. Probability

(a) Independent and dependent events; Mutually exclusive events

(b) Total and Compound Probability; Baye’s theorem; Mathematical Expectation

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• Experienced and professional faculty team for Best CMA Foundation Coaching in Jaipur having experience of years in renowned institutions.
• Extensive, up to date and exhaustive learning about course material.
• Special instructions for improvising the reply writing talent and presentation in examinations.
• Practical getting to know strategy for principle topics alongside sizeable study room discussions on each and every topic.
• Timely completion of batches so as to supply applicable revision time to college students earlier than exams.