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.
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
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 |
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Helpline |
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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.
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:
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:
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:
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:
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.
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