Cost Accounting Foundation Exam 2021

# Mar 31, 2021 by Harshita Nandal

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Cost Accounting Foundation Exam 2021: The Cost Accounting Foundation Exam 2021 will be conducted by the Institute of Cost Accountants of India for admission of students into the Intermediate course of Cost Accountancy after class 12th.

The Examination is conducted Twice every year in June and December, but due to the Covid-19 Pandemic in the year 2020 both the examinations were merged in the month December, 2020.

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The Cut off Dates for admission to the Foundation Course are as follows:

For June term examination: 31st January of the same calendar year

For December term examination: 31st July of the same calendar year

The students desirous of giving the examination have to register for the examination after they clear the Class 10th or equivalent and are eligible to appear for the Foundation Exam once they pass the Class 12th or Equivalent.

After applying for the Foundation Exam the Student has to start studying for the Foundation Programme or Foundation Course via Oral or Postal Coaching provided at various Coaching Centres (For Oral) and via post in Postal coaching.

The objective of Coaching is to impart training to the students to equip themselves to pass the examination and develop the professional skill in management accounting. A student eligible for admission to a course has to undergo and complete Coaching for the relevant course.

TWO MODES OF COACHING

  • Postal Coaching
  • Oral Coaching

POSTAL COACHING

  • A student desirous of undergoing Postal Coaching need to opt for same at the time of admission in Foundation/Registration in Intermediate/Enrollment in Final Course. Foreign Student shall have to undergo Tuition through Postal Coaching only. Application in the prescribed form must be sent at Headquarters to Directorate of Studies, “THE INSTITUTE OF COST ACCOUNTANTS OF INDIA”, CMA Bhawan, 12, Sudder Street, Kolkata-700016, India.
  • The Identification Number/Registration Number should be clearly and correctly quoted in all correspondence with the Directorate of Studies, Kolkata and the Regional Council.
  • Any change in student’s address should immediately be communicated to the Directorate of Studies at Headquarters and the respective Regional Council.
  • A student once registered and enrolled for Postal Coaching for the Intermediate / Final Examination with any Regional Council shall continue to be attached with the same Regional Council till he / she obtains Coaching Completion Certificate(s) for the entire course even if he / she shifts his / her residence to area covered by other Regional Council.
  • Enrolment for coaching (Postal or Oral) must be at least 4 (four) months prior to the month of Examination.
  • Study Materials for each subject are provided to the students.
  • A student of Foundation, Intermediate and Final Course has to complete the Postal Coaching by answering the postal test papers provided in the website: www.icmai.in

ORAL COACHING

  • A student desirous of pursuing the course under Oral Coaching has to get admitted in a Regional Council or Chapter or Recognized Oral Coaching Centre or CMA Support Centre with coaching facilities at the time of admission in Foundation/ Registration in Intermediate/Enrollment in Final Course.
  • Duration of Oral Coaching for Foundation course or a group in Intermediate/ Final Course is 4 months having a minimum of 240 lecture hours for Lectures and Tutorial classes per group.
  • Each lecture hour shall be of 45 minutes duration.
  • A student has to appear for written examination (of 3 hours duration) for each subject conducted by the Regional Council/Chapter/Oral Coaching Centre and has to secure a minimum of 40% marks in each subject.

COACHING COMPLETION CERTIFICATE

On successful completion of Postal/Oral Coaching, a student will be issued with a Coaching Completion Certificate.
 

Cost Accounting Foundation Exam Key Points:

Cost Accounting Foundation Exam Full Form

Cost Accounting Foundation Examination

Conducting Body

Institute of Cost Accountants of India or ICMAI

Exam Level

National

Mode of Application

Online

Mode of Exam

Offline

Exam Duration

4 hours (Paper 1 and 2: 2 hours and Paper 3 and 4: 2 hours respectively)

Exam Frequency

Twice a year

Score Validity

Same year

Number of Questions

200 (50 Questions in each paper)

Questions Type

MCQs

Application Fee

INR 4000

Total Seats Offered

NA

Accepting Colleges

NA

Official Website

https://icmai.in/

Helpline

 

 

Cost Accounting Foundation Exam Application Form 2021:

The Cost Accounting Foundation Exam Application Form 2021 can be filled online on the ICMAI Official website: https://icmai.in/. The Application Fee for the examination is INR 4000 and can be paid online or offline via DD.

Students can apply online or offline via postal application form.

Prospectus along with the Admission Form will be available at Regional Council Offices, Chapters, Recognized Oral Coaching Centres (ROCCs) & CMA Support Centres.

  • A candidate seeking admission as a student should submit duly filled in Admission Form and Identity Card (which are enclosed in the prospectus) to the concerned Regional Council/Chapter/ Recognized Oral Coaching Centres (ROCCs)/ CMA Support Centres.
  • Student from foreign countries should submit the forms to the Headquarters only.
  • Copies of document giving the proof of qualification and age are also to be furnished.
  • Admission must be at least (4) four months prior to the commencement of Examination.
  • A student will be issued an Identification Number which will be valid for 3 (three) years along with the Identity Card.

Before applying for the Cost Accounting Foundation Exam students must carefully read the prospectus and check important details like Eligibility, Admission Criteria, Passing marks required etc.

Cost Accounting Foundation Exam Eligibility Criteria 2021: The Cost Accounting Foundation Exam Eligibility Criteria 2021 is necessary for students to read before doing registration for the examination.

The Eligibility Criteria is important for any examination because even if a candidate does not fulfill a single criterion of the eligibility criteria declared for the examination then the candidate is not allowed to appear for the examination or even after appearing for the examination and clearing the same the admission through the examination stands cancelled or void.

 

The Cost Accounting Foundation Exam Eligibility Criteria 2021 in detail are as follows: 

  • Candidates will become eligible after clearing the 10th class for registration of Cost Accounting Foundation Exam.
  • After clearing the 12th class, candidate will become eligible to appear for Foundation Course Examination.
  • To appear in foundation course exam, candidate must have passed class 10+2 or its equivalent from any recognized Board/University.

Procedure:

  • A candidate seeking admission as a student should submit duly filled in Admission Form and Identity Card to the concerned Regional Council/Chapter/ Recognized Oral Coaching Centres (ROCCs)/ CMA Support Centres.
  • Student from foreign countries should submit the forms to the Headquarters only.
  • Copies of document giving the proof of qualification and age are also to be furnished.
  • Admission must be at least four months prior to the commencement of Examination.
  • A student will be issued an Identification Number which will be valid for three years along with the Identity Card.

 

Cost Accounting Foundation Exam Pattern 2021: The Cost Accounting Foundation Exam Pattern 2021 is important to read for every student who wishes to appear for it.

The Cost Accounting Foundation Exam Pattern 2021 gives a clear idea to the student about the type of questions, exam duration exam language and various other important details about the examination.

The Cost Accounting Foundation Exam Pattern 2021 also helps in the planning of preparation for the examination and successfully clearing the same.

Cost Accounting Foundation Exam Pattern 2021 are as follows:

Particulars

Details

Mode of Examination

Computer Based Test (from home)

Exam Duration

2 hours (for Paper 1 & Paper 2)

2 hours (for Paper 3 & Paper 4)

Papers

Paper 1: Fundamentals of Economics & Management

Paper 2: Fundamentals of Accounting

Paper 3: Fundamentals of Laws & Ethics

Paper 4: Fundamentals of Business Mathematics & Statistics

Type of Question

MCQ’s

Total No. of Questions

50 questions (for each paper)

Marking Scheme

+2 will be awarded for every wrong answer

Total Marks

100 marks (for each paper)

 

In Detail:

Paper 1: Fundamentals of Economics & Management

Fundamentals of Economics

50%

Fundamentals of Management

50%

 

Paper 2: Fundamentals of Accounting

Fundamentals of Financial Accounting

80%

Fundamentals of Cost Accounting

20%

 

Paper 3: Fundamentals of Laws & Ethics

Fundamentals of Commercial Laws

80%

Fundamentals of Ethics

20%

 

Paper 4: Fundamentals of Business Mathematics & Statistics

Fundamentals of Business Mathematics

40%

Fundamentals of Business Statistics

60%

 

Cost Accounting Foundation Exam Participating Colleges: The course of cost accountancy does not have a specific college or university and is governed by The Institute of Cost Accountants of India. A student can also pursue other graduate degree programmes along with completing this course in order to increase their chances of getting better job and career opportunities.

 

Cost Accounting Foundation Exam Admit Card 2021:  The Cost Accounting Foundation Exam Admit Card 2021 or Cost Accounting Foundation Exam Hall Ticket 2021 will be available on the official website of Cost Accounting Foundation Exam: www.icmai.in .

Download the Cost Accounting Foundation Exam Admit Card 2021 by following below mentioned steps:

  • Go to the official website i.e., www.icmai.in .
  • Select the course
  • After selection of course, new window will appear then, enter the registration number and click on print admit card
  • Admit Card will be displayed on the screen and check all the details.
  • Download Cost Accounting Foundation Exam Admit Card 2021.

 

The Admit Card is an important document and must be carefully kept by the candidates as it is necessary to produce at the Exam centre while appearing for the Entrance Examination.

 

The Admit Card usually contains the details of the Exam Centre, Registration Number, Personal Details of the Candidate like Name and Date of Birth and other important information including the Instructions.

 

Cost Accounting Foundation Exam Result 2021: The Cost Accounting Foundation Exam Result 2021 will be published online on the Cost Accounting Foundation Exam website: www.icmai.in .

List of successful candidates in an examination will be published on the official website.

Candidate can download the marksheet for Foundation Examination has to be downloaded from the official website. No hard copy of mark sheet will be sent for Foundation Examination. The downloaded mark sheet will be treated as authentic document for the purpose of admission in Intermediate Course of the Institute.

Candidate passing Foundation examination will not be issued with a Pass Certificate/Rank Certificate.

Check the Cost Accounting Foundation Exam Result 2021 by following the below mentioned steps:

  • Visit the above-mentioned official website.
  • Click on the Result.
  • Candidate have to enter Identification Number, then click on the check result
  • Result will be appearing on the screen

Registration to Intermediate Course after passing Foundation Exam: After a candidate has successfully passed the Cost Accounting Foundation Exam he/she can register for the Intermediate course within the given time frame to enroll in the Intermediate course of the Cost Accountancy Programme.

The Registration for the same can be done by following these steps:

  • Prospectus along with the Registration Form will be available at Regional Council Offices, Chapters and Recognized Oral Coaching Centres and CMA Support Centres.
  • A candidate seeking registration as a student should submit duly filled in Registration Form and Identity Card which are enclosed with the prospectus to the respective Regional Council Office/Chapters/ROCC/CMA Support Centres.
  • Student from foreign countries should submit the forms to the Headquarters only.
  • Copies of document giving the proof of qualification is to be furnished.
  • Every student on registration will be allotted with Registration Number.
  • The student will be issued Identity Card.
  • Registration fees : ` 500/- (This fee is included in total Fees).
  • Only in case of application for Registration not being accepted by the Institute, the fee may be refunded subject to a deduction of 10 per cent of the amount towards processing charges.
  • Registration must be completed at least 4 (four) months prior to the commencement of Examination.

 

CUT-OFF DATE FOR REGISTRATION TO INTERMEDIATE COURSE:

For June term examination 31st January of the same calendar year

For December term examination 31st July of the same calendar year

 

After the candidates have successfully registered for the Intermediate course they can start studying for the Intermediate course also via oral or postal coaching and clear the Intermediate course later by passing the Intermediate Exam.

 

About Author

Harshita Nandal
Harshita Nandal

Harshita Nandal has worked as a Creative head in Mitrakshar, University of Delhi. She has done her Graduation from the University of Delhi in English Honours. In her free time, she prefers to play the guitar, take short walks in between work and loves to watch Korean dramas. Currently, she is an author at Educere India to fulfil the desire of her passion for writing.