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ICMAI CMA Foundation

Institute of Cost Accountants of India CMA Foundation Exam

Form Date: 10 Mar - 10 Apr 2021 (Tentative)

Pen & Paper Mode

Form Date: 10 Mar - 10 Apr 2021


  • Application Fee:₹ 1,200
  • Number Of Attempts:2
  • Examination Modes:Pen & Paper Mode
  • Exam Conducting Body:Institute of Cost Accountants of India (ICMAI)

ICMAI CMA Foundation 2021: Application Form, Eligibility Criteria

Updated On - February 16 2021 by Bhumika Singh

ICMAI CMA Foundation 2021 is a national level exam that gets conducted twice a year in June and December. First of all, candidates must register for the course and go through the coaching and then separately for the test. There are 4 papers in the foundation exam which the candidates need to qualify. Once a candidate qualifies for the Foundation exam, then the candidate becomes eligible for the Intermediate exam. On passing the Intermediate exam, the candidate can apply for the final exam. The candidates need to go through the complete article to know all information about CMA Foundation Exam 2021 important Dates, Application Form, Eligibility Criteria, Exam Pattern, Syllabus, Admit Card, etc.

Latest Update

Result 2020 will be announced soon.

ICMAI CMA Foundation 2021 Important Dates

Candidates can check the important dates and events regarding the CMA Foundation 2021 form the below-given table:

From the table below, candidates can review the complete schedule for ICMAI CMA Registration. 
CMA registration 2021Important Dates for June session (Tentative)Important dates for Dec session (Tentative)
Last Registration Date for the Foundation Course 
July 2021July 2021
Last date for Registration to Intermediate courseMay 2021July 2021
Last date for Enrolment to Intermediate courseMay 2021July 2021
Last date of Revalidation for Inter/Final CourseMarch 2021September 2021
Last Filing Date for Paper-wise Exemptions, Submitting certificates of completion of training and De-Novo Registration 
Before filling application formBefore filling application form
Last date for Submission of Exam FormApril 2021October 2021
Last Date for Submitting Online T-4 FormMay 2021November 2021
Exam dateSeptember 2021December 2021
Stages for Becoming CMA

The candidate has to clear three stages for becoming a Cost and Management Accountant as follows:

  1. CMA Foundation
  2. CMA Intermediate
  3. CMA Final

ICMAI CMA Foundation 2021 Application Form

ICMAI CMA Foundation 2021 online application forms have already been released by the conducting authorities. The last date for admission into the foundation course. Candidates must read the given below points regarding CMA 2021 application forms:

  • Application forms will be available through online mode only. No application would be entertained in offline mode.
  • Candidates opting for overseas centres have to apply offline and send Demand Draft (DD) along with the form. 
  • Candidates must pay the fees after filling application for the completion of the application process.
  • CMA Foundation registration for June 2021 term examination, candidates need to visit the ICMAI official site.
  • After selecting the 'Foundation' option, the candidate needs to select the coaching type - Oral or Postal.
  • In the next screen, the applicant needs to fill in and complete the following sections of the online application form:
    1. Personal Details
    2. Address Details
    3. Qualification details
    4. Payment
    5. Uploading attachment
  • Once the candidate has successfully uploaded all the above-scanned documents & make payment online, he/she will receive a welcome message.
  • Identification/ Registration Number will be generated only after the completion of document verification and authentication from the Directorate of studies.
  • Study Material will only be dispatched after generation of Identification/ Registration Number.
  • Candidates need to complete the application form comprising every step within 30 days from the date of the original application.
  • The life of an incomplete application would be a maximum of 30 days(T+30) and after 30 days, the application will be physically deleted from the database.

ICMAI CMA Foundation 2021 Application Fees

Candidates can check the ICMAI CMA Foundation 2021 course application fee for June term examination in the given below table:

CMA Foundation Course Fees
CMA Coaching OptionApplication Fees
Fees (Oral)Rs.4000
Fees (Postal)Rs.4000


ICMAI CMA Foundation 2021 Examination Fees
Foundation Course Examination Fee - June TermInland CentresRs.1200
Overseas CentresUS $60
Mode of Examination: Candidates have to make payment through Credit/Debit card or Net banking. Students can also pay their requisite fee through the pay-fee module of IDBI Bank.

ICMAI CMA Foundation 2021 Eligibility Criteria

Candidates are advised to check their ICMAI CMA Foundation 2021 Eligibility before applying for the course as well as the examination. As the eligibility for the application to the course and the exam contains different points and information, the same has been given below separately.

ICMAI CMA Foundation 2021 Course Eligibility

Candidate must check the CMA Foundation 2021 Course eligibility before applying for the exam which is given below:

  • Candidates must have passed the Class 10th or equivalent from a recognised board or institution, or
  • Passed the Senior Secondary School Examination under the 10+2 scheme of a recognised Board, or
  • Passed an examination recognised by the Central Government as equivalent thereto, or
  • Candidate must have as passed the National Diploma in Commerce Examination held by the All India Council for Technical Education, or
  • Passed any State Board of Technical Education under the authority of the said All India Council, or
  • Passed Diploma in Rural Service Examination conducted by the National Council of Rural Higher Education.
  • Candidates who have passed the Foundation test carried out by the Indian Institute of Company Secretaries 
    would be exempted from the Foundation Course and vice versa, or exempted from the Foundation Course. 
    Those applicants who have passed the Intermediate Examination (by whatever name called) conducted by the Institute of Chartered Accountants of India will be exempted from Foundation Course are also eligible for the post. Similarly, any applicant who has passed the Intermediate Examination will be exempted from the Traditional Proficiency Test conducted by the Institute of Chartered Accountants of India (i.e. the entry-level examination, by whatever name).
  • The Foundation Course exempts applicants who have passed the qualifying test for direct entry to the Intermediate Course.
  • Admission to the course must be done 4 months before the commencement of the examination.
  • Course Scheme for Foundation Course - A student taking admission in Foundation Course has to undergo coaching - Oral or Postal.
  • Students under Postal or Oral Coaching will be provided with study material of the institute.
  • student will be presented with Coaching Completion Certificate on successful completion of Postal/aural Coaching.

ICMAI CMA Foundation 2021 Examination Eligibility

The following criteria must be met by an applicant for admission to the Foundation examination: 
  • He/she should have a valid Identification Number.
  • The candidate is not debarred from appearing in Foundation Course examination of this Institute.
  • Candidate has submitted the Examination form duly filled in within the specified time. The form needs to be submitted along with the requisite fees as fixed by the Council from time to time to the Directorate of Examination.

ICMAI CMA Foundation 2021 Admit Card

Candidates can get their ICMAI CMA 2021 Hall Ticket on the official website via the online mode. Candidates can review the following points relevant to the admit card:
  • Admit cards will not be sent by post or courier to the candidate.
  • Candidates need to log in with their registration number to download the admit card.
  • Candidates must keep the printout of their admit card for examination.
  • The admit card contains details like - Centre of the examination, Timings, Candidate Name, Registration number, etc.

ICMAI CMA Foundation 2021 Exam Pattern

Candidates must refer to the ICMA CMA Foundation 2021 Paper Pattern before going ahead with the preparation or registration in the Foundation Course. They can check the exam pattern and the information given below to get an entire idea of the same. With a syllabus subject, a percentage of weightage is shown against each subject-section/topic. This is given as guide to the percentage of research time each subject needs. Applicants must check the CMA foundation question paper pattern before starting the preparation for the exam. The weighting of the sample also indicates the approximate proportional distribution of marks which may be assigned to subjects in any single examination. The weighting of the sample also indicates the approximate proportional distribution 

Candidates can check below the partition of the syllabus and the duration of the examination:

CMA Foundation 2021 Question Pattern
Mode of ExaminationWritten Paper
Duration of the Exam3 Hours
Objective Portion60%
Subjective Portion40%

ICMAI CMA Foundation 2021 Results

A list of successful candidates in the CMA Foundation examination will be published by the ICMAI Council in the result declaration. Candidates should refer to the points given below for details related to result announcement by ICMAI:

  • Marksheet for Foundation Examination has to be downloaded from the website only. No hard copy of the mark sheet will be sent for Foundation Examination.
  • The downloaded mark sheet will be treated as an authentic document for admission in the Intermediate Course of the Institute.
  • A duplicate mark sheet of an examination held within 5 (five) years will be available on payment of fees of Rs. 100/-.
  • Pass Certificate Rank Certificate will not be given to candidateswho pass the Foundation examination.
    Only candidates passing Intermediate will be issued with Pass Certificate. However, Candidates passing the Final Examination will be issued with Pass Certificate in such manner as the Council may direct.
  • In case the result of a candidate in an examination has been affected by error or fraud or using unfair means during the examination, the Examination Committee shall have the power to amend the result suitably.

Job Opportunities for CMAs

  • Cost & Management Accounting
  • Financial Management
  • Financial/Business Analyst
  • Systems Analyst & Systems Management
  • Auditing, Internal Control
  • Tax Management - Direct and Indirect Tax
  • Capital Market Analyst, Fund Manager
  • Portfolio Analyst
  • ERP Implementation
  • Process Analysis in BPO/KPO Sector
  • Implementing Business Intelligence Systems
  • Professors in Accounting & Finance
  • Opportunities for pursuing PhD.

ICMAI CMA Foundation 2021 Highlights

Candidates can refer to the table below to gather the highlights of ICMAI CMA Foundation 2021 exam in one-view:

Name of the ExamICMAI CMA Foundation Exam
Conducting AuthorityInstitute of Cost Accountants of India (ICMAI)
LevelNational Level
Course3 Stages (Foundation, Intermediate and Final)
Official WebsiteICMAI
Exam Modehttps://icmai.in
Exam PurposeThis is a Foundation or basic exam to become eligible for the Intermediate level exam of the ICMAI CMA certification.

 Institute of Cost Accountants of India

The Institute of Cost Accountants of India (ICMAI)formerly known as The Institute of Cost Works Accountants of India (ICWAI)is India's leading statutory professional accounting body for the promotion, regulation and growth of the Cost Management Accountancy profession.  It is the only licensing cum regulating body of the Cost & Management Accountancy profession in India. It suggests that businesses in India follow the Cost Accounting Principles to which the statutory management of cost records relates. In the audit of cost statements in India, ICMAI is solely responsible for establishing the auditing and assurance criteria for statutory cost audits to be followed. It also issues other professional guidance on certain things to be practised by the profession of cost accountants when discharging their services, such as internal audit, management accounting, etc. It works closely with companies, different government departments in India, state governments in India, and other Indian regulatory authorities, e.g. On several aspects of efficiencycost optimization, and reporting, the Reserve Bank 
of India, Insurance Regulatory and Development Authority, Securities and Exchange Board of India, etc. 

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ICMAI CMA Foundation 2020 Admission Form End Date10 Mar - 10 Apr 2021 (Tentative)
ICMAI CMA Foundation 2020 Exam Date24 May - 31 May 2021 (Tentative)

Institute of Cost Accountants of India CMA Foundation Exam Exam Pattern

Paper 1
Exam Duration:

3 hours

Total Marks:


Question Paper Type :


Negative Marking:



Frequently Asked Questions




Hello, Sir, I have not cleard Foundation Exam for December 2020 Term. So Can I Fill the form for June 2021 ? And Same Examination Fees 1200 ?

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sir how many days leave for each exams

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When is the ICMAI Foundation Exam for December-2020 Term??

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When is the icma foundation exam dates for December 2020?

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The last date was 31 Jul 2020

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What's the last date for foundation examination form for June 2020 ?

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Admission to foundation course for the ICAI course is open throughout the year However, Students desirous to appear for June Term Examination should apply before 31st January of that year and for December Term Examination should apply before 31st July of that year.

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Form Start Date:

10 Mar 2021

Form End Date:

10 Apr 2021

The forms will open on 10 Mar 2021



Examination Date (Online):

24 May - 31 May 2021

Application Fees:

₹ 1,200

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