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ICMAI CMA Foundation

Institute of Cost Accountants of India CMA Foundation Exam

Online Mode


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

ICMAI CMA Foundation 2023: June Result, Exam Date,

Updated On - August 07 2023 by Abhinandan Singh

ICMAI CMA Foundation 2023 registration process for the June session has been started. ICMAI CMA Foundation 2023 is a national-level exam that gets conducted twice a year in June and December. There are 4 papers in the foundation exam for 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.
The ICMAI CMA Foundation result for the June 2023 session is expected to be declared either today or tomorrow, as announced by CMA Padmanabhan H Pappaniob.

ICMAI foundation, inter, final exam 2023 rescheduled; check dates here

  • The ICMAI has revised the CMA Foundation, Intermediate, and Final 2023 exam dates.
  • Candidates can check the complete schedule online on the official website, icmai.in.
  • The CMA Foundation June 2023 exam will be conducted offline on July 16, according to the rescheduled dates.
  • The CMA Inter and Final 2023 exams will be conducted from July 15 to July 22, 2023.
  • Paper 1 and Paper 2 of the Foundation exam will be for a duration of two hours from 10 AM to 12 noon, while Paper 3 and Paper 4 will be held from 2 PM to 4 PM.
  • Each paper will carry 100 marks and there will be 50 multiple-choice questions carrying two 2 marks each.
  • The CMA Final and Inter exam 2023 is for a duration of three hours.
  • The Final exam is from 10 AM to 1 PM and the Intermediate exam is from 2 PM to 5 PM.
  • The probable date of publication of Inter and Final result is September 26, 2023.
  • Candidates can submit the Foundation examination application form till May 16.
  • However, the last date to apply for the Final and Inter exam is May 15, 2023.

ICMAI CMA Foundation 2023 Exam Status

Candidates can check ICMAI CMA Foundation status from below:

ICMAI CMA Foundation Status

Registration process started


ICMAI CMA Foundation 2023 Important Dates

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

ICMAI CMA Schedule 2023
EventsJune Session
Last Registration Date for the Foundation Course 31 July 2023
Exam dateTo be notified
Result dateTo be notified
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 2023 Admit Card

Candidates can get their ICMAI CMA 2023 Hall Ticket on the official website via 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 2023 Exam Pattern

Candidates must refer to the ICMA CMA Foundation 2023 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 that 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 2023 Question Pattern
Mode of ExaminationWritten Paper
Duration of the Exam3 Hours
Objective Portion60%
Subjective Portion40%

ICMAI CMA Foundation 2023 Syllabus

Following is the syllabus for CMA Foundation for all the Four papers.

Paper 1: Fundamentals of Economics and Management (FEM)
Section – A
Fundamental of Economics
Section – B
Fundamental of Management

– Basic Concepts of Economics – Micro & Macro
 Forms of Market
 Money and Banking

– Management Process
Paper 2: Fundamental of Accounting (FOA)
Section – A
Fundamental of Financial Accounting
Section – B
Fundamental of Cost Accounting

 Accounting Basics
 Accounting for Special Transactions
 Preparation of Final Accounts

Fundamentals of Cost Accounting
Paper 3 : Fundamental of Laws and Ethics
Section – A
Fundamental of Commercial Laws
Section – B
Fundamental Of Ethics
  • Indian Contracts Act, 1872
  • Sale of Goods Act, 1930
  • Negotiable Instruments Act, 1881

Ethics and Business
Paper 4 : Fundamental of Business Mathematics and Statistics (FBMS)
Section – A
Fundamental of Business Mathematics
Section – B
Fundamental of Business Statistics


 Statistical Representation of Data
 Measures of Central Tendency and Dispersion
– Correlation and Regression

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 a PhD.

ICMAI CMA Foundation 2023 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 candidates who 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.

ICMAI CMA Foundation 2023 Application Form

ICMAI CMA Foundation 2023 online application forms will be released by the conducting authorities. The last date for admission into the foundation course. Candidates must read the given below points regarding CMA 2023 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 2023 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 the 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 2023 Application Fees

Candidates can check the ICMAI CMA Foundation 2023 course application fee for the 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 2023 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 2023 Eligibility Criteria

Candidates are advised to check their ICMAI CMA Foundation 2023 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 2023 Course Eligibility

Candidate must check the CMA Foundation 2023 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 whohave 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 2023 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 the Foundation Course examination of this Institute.
  • The 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 2023 Highlights

Candidates can refer to the table below to gather the highlights of ICMAI CMA Foundation 2023 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)
ICMAI Official Websitehttps://icmai.in/studentswebsite/exam_notification.php
Application LinkApply Here
Exam ModeOnline
Exam PurposeThis is a Foundation or basic exam to become eligible for the Intermediate level exam of the ICMAI CMA certification.

Download ICMAI Prospectus Pdf

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 2022 Admission Form End Date28 Feb - 31 Jul 2022
Admit card22 Dec 2022 (Tentative)
ICMAI CMA Foundation 2022 Exam Date15 Apr 2022
ICMAI CMA Foundation 2022 Result19 Feb 2022 (Tentative)

Institute of Cost Accountants of India CMA Foundation Exam Exam Pattern

Paper 1
Exam Duration:

3 hours

Total Marks:


Question Paper Type :

Multiple Choice Questions

Negative Marking:



Frequently Asked Questions




Hello Sir, What if fail in CMA foundation level? Do we have to pay the registration fees again in the institute?

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Sir, My results has been withheld for Dec 2020 exam. i have replied for the mail received from Mail. I have given my explanation with reasons but my results are still be with held. so please confirm can i apply for June 2021 exam.

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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:

28 Feb 2022

Form End Date:

31 Jul 2022

The last date to submit the form was on 31 Jul 2022
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