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ICMAI CMA Foundation

Institute of Cost Accountants of India CMA Foundation Exam 2020

Pen & Paper Mode


  • 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 2020 (06 Sep): Admit Card, Exam Pattern

Updated On - August 28 2020 by Akriti Maurya

ICMAI CMA Foundation 2020 for June session is scheduled to be held on 06 September 2020 viainternet proctored mode. This is a national level exam that gets conducted twice a year in June and December. Candidates need to register firstly for the course and go through the coaching and then for the examination separately. There are 4 papers in the foundation exam which the candidates need to qualify. Once a candidate qualifies 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 2020 important Dates, Application Form, Eligibility Criteria, Exam Pattern, Syllabus, Admit Card, etc.

Latest Updates

  • The Institute of Cost Accountants of India has decided to conduct Foundation Examination
    of June, 2020 on 06 September via home based online mode due to pandemic Novel Corona Virus (COVID-19) to ensure the interest of all the stakeholders and in particular the candidates/students.

ICMAI CMA Foundation 2020 Important Dates

Candidates can check the important dates and events regarding the CMA Foundation 2020 form the below-given table:

The candidates can check the complete schedule for ICMAI CMA Registration from the table below. 

CMA registration 2020Important Dates for June sessionImportant dates for Dec session
Last date for registration to Foundation course20 May 2020
31 May 2020
10 Jul 2020
18 July 2020
31 July 2020
Last date for Registration to Intermediate course20 May 2020 31 May 202031 July 2020
Last date for Enrolment to Intermediate course20 May 2020 31 May 202031 July 2020
Last date of Revalidation for Inter/Final Course15 Mar 202015 September 2020
Last Date of Application for Paper-wise Exemptions,
Submitting Training Completion Certificates and De-Novo Registration
Before filling application formBefore filling application form
Last date for Submission of Exam Form10 Apr 202010 October 2020
Last Date for Submitting Online T-4 Form31 May 202030 November 2020 (Tentative)
Exam date06 September 202010-17 December 2020
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 2020 Admit Card

Candidates can get their ICMAI CMA 2020 Hall Ticket through online mode on the official website. Candidates can check the given below points related 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 2020 Exam Pattern

Candidates must refer to the ICMA CMA Foundation 2020 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 provided as a guide to the proportion of study time each topic requires. Applicants must check the CMA foundation question paper pattern before starting the preparation for the exam. The study weightage also indicate the approximate proportional distribution of marks that may be allocated to topics in any single examination.

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

CMA Foundation 2020 Question Pattern
Mode of ExaminationWritten Paper
Duration of the Exam3 Hours
Objective Portion60%
Subjective Portion40%

ICMAI CMA Foundation 2020 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/-.
  • Candidate passing Foundation examination will not be issued with a Pass Certificate/Rank Certificate. 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 2020 Application Form

ICMAI CMA Foundation 2020 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 2020 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 2020 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 2020 Application Fees

Candidates can check the ICMAI CMA Foundation 2020 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 2020 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 2020 Eligibility Criteria

Candidates are advised to check their ICMAI CMA Foundation 2020 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 2020 Course Eligibility

Candidate must check the CMA Foundation 2020 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.
  • Candidate who has passed the Foundation examination conducted by the Institute of Company Secretaries of India will be exempted from Foundation Course & vice versa, or
  • 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 candidate who has passed the Intermediate examination will be exempted from the Common Proficiency Test (i.e. entry-level examination, by whatever name called) conducted by the Institute of Chartered Accountants of India.
  • Candidates who have passed the qualifying examination for direct admission to Intermediate Course are exempted from Foundation 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.
  • On successful completion of Postal/Oral Coaching, a student will be issued with a Coaching Completion Certificate.

ICMAI CMA Foundation 2020 Examination Eligibility

For admission to Foundation examination the following conditions are to be fulfilled by a candidate:

  • 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 2020 Highlights

Candidates can refer to the table below to gather the highlights of ICMAI CMA Foundation 2020 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), previously known as The Institute of Cost & Works Accountants of India (ICWAI), is a premier statutory professional accountancy body in India with the objects of promoting, regulating and developing the profession of Cost & Management Accountancy. It is the only licensing cum regulating body of the Cost & Management Accountancy profession in India. It recommends the Cost Accounting Standards to be followed by companies in India to which statutory maintenance of cost records applicable. ICMAI is solely responsible for setting the auditing and assurance standards for statutory Cost Audit to be followed in the Audit of Cost statements in India. It also issues other technical guidelines on several aspects like Internal Audit, Management Accounting, etc. to be followed by practicing Cost Accountants while discharging their services. It works closely with the industries, various departments of Government of India, State governments in India, and other Regulating Authorities in India e.g. Reserve Bank of India, Insurance Regulatory and Development Authority, Securities and Exchange Board of India, etc. on several aspects of performance, cost optimization, and reporting.

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ICMAI CMA Foundation 2020 Admission Form End Date10 Feb - 31 Jul 2020
ICMAI CMA Foundation 2020 Exam Date06 Sep 2020

Institute of Cost Accountants of India CMA Foundation Exam 2020 Exam Pattern

Paper 1
Exam Duration:

3 hours

Total Marks:


Question Paper Type :


Negative Marking:



Frequently Asked Questions




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 Feb 2020

Form End Date:

31 Jul 2020

The last date to submit the form was on 31 Jul 2020
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