The Institute of Cost Accountants of India introduced Paper 4 Fundamentals of Business Mathematics & Statistics in CMA Foundation Syllabus to obtain a better knowledge of the fundamental concepts of mathematics and statistics, as well as how they are applied to business decision-making. This is possible since our educators have a strong mastery of these topics and have done so for many years.
Arithmetic
Ratios, Variations and Proportions
Simple and Compound interest
Arithmetic Progression and Geometric Progression
Algebra
Set Theory
Indices and Logarithms
Permutation and Combinations
Quadratic Equations
Statistical Representation of Data
Diagrammatic representation of data
Frequency distribution
Histogram, Frequency Polygon Curve, Ogive, Pie-chart
Measures of Central Tendency and Dispersion
Mean, Median, Mode, Mean Deviation
Range, Quartiles and Quartile Deviation
Standard Deviation
Correlation and Regression
Scatter diagram
Karl Pearson’s Coefficient of Correlation
Regression lines, Regression equations, Regression coefficients
Probability
Independent and dependent events; Mutually exclusive events
Total and Compound Probability
Hey Learner,
Welcome to PAPER 4: FUNDAMENTALS OF BUSINESS MATHEMATICS & STATISTICS course.
Our bundle offers,
• E-learning lectures that provide comprehensive conceptual explanations of the study material
• Lecture Notes
• Practical tests to assess students’ time management skills, identify knowledge gaps, and prepare them for exams with increased confidence.
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Study Note 1 : Arithmetic
Study Note 2 : Algebra
Study Note 3 : Statistical Representation of Data
Study Note 4 : Measures of Central Tendency and Dispersion
Study Note 5 : Correlation and Regression
Study Note 6 : Probability
Practical Test
Pursuing CMA will build your career by gaining advanced knowledge in fields of decision making, budgeting, Cost audit, financial accounting etc. supported by compulsory practical training in Final level of CMA
After completing CMA course, you can expect job positions of Cost Accountant, Cost Analyst, Cost Controller, Chief Financial officer, Cost Manager etc…
Cost Accountants tend to have more demand in private sector as well as government sector,finance and banking ,strategic cost management etc as the business sector and manufacturing industry is growing.
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Candidates who have passed Foundation course or graduation can register for CMA Intermediate.
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