The Institute of Cost Accountants of India introduced Paper 2 Fundamentals of Accounting in CMA Foundation Syllabus to develop a thorough understanding of all aspects of financial statements, accounting principles, and procedures, as well as their application in a variety of practical scenarios. This is possible since our educators have a strong mastery of these topics and have done so for many years.
Accounting Fundamentals
1. Accounting Principles, Concepts and Conventions
2.Capital and Revenue transactions
3.Double entry system, Books of prime entry, Subsidiary Books, Cash Book
4.Straight Line and Diminishing Balance method
Accounting for Special Transactions
1.Bills of Exchange
2.Consignment
3.Joint Venture
Preparation of Final Accounts
Fundamentals of Cost Accounting
1. Management Accounting.
2. Classification of Costs
3. Format of Cost Sheet FTP
Hey Learner,
Welcome to PAPER 1: FUNDAMENTALS OF ECONOMICS AND MANAGEMENT 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: Accounting Basics
Study Note 2: Accounting for Special Transactions
Study Note 3: Preparation of Final Accounts
Study Note 4: Fundamentals of Cost Accounting
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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