This book is specifically designed to meet the requirements of the Foundation Level Cost & Management Accountancy Examination. It includes comprehensive past exam questions and detailed answers aligned with the latest ICMAI syllabus.

The Present Publication is the Latest Edition for the CMA Foundation | Dec. 2024/June 2025 Exams. This book is authored by CA Tarun Agarwal, with the following noteworthy features:

• [Strictly as per the Latest ICMAI Syllabus] Ensures complete alignment with the latest requirements
• [Comprehensive Content Coverage]
  • Chapter-wise Introductions highlighting essential concepts
  • 1000+ MCQ-based Past Exam Questions, including the CMA Foundation | June 2024 Exam covering both theory questions and numerical questions
  • Practice Questions at the end of each chapter for thorough preparation
• [Detailed and Well-Structured Answers] to aid in conceptual clarity and exam-oriented study
• [Point-wise Answers] Designed for quick and easy recall
• [Marks Distribution Analysis] Module-wise breakdown from December 2022 onwards
• [Comparison with ICMAI Study Material] for a better understanding of module coverage

The contents of this book are as follows:

• Accounting Fundamentals
  • Understanding of Four Frameworks of Accounting and Forms of Organisation
  • Accounting Principles, Concepts and Conventions
  • Capital and Revenue Transactions
  • Accounting Cycle
  • Journal and Ledger
  • Cashbook and Bank Reconciliation Statement
  • Trial Balance
  • Adjustment Entries and Rectification of Errors
  • Depreciation
  • Accounting Treatment of Bad Debts and Provision for Doubtful Debts
• Accounting for Special Transactions
  • Consignment
  • Joint Venture
  • Bills of Exchange
• Preparation of Final Accounts
  • Preparation of Financial Statements of Sole Proprietorship
  • Preparation of Financial Statements of a Not-for-profit Organisation
• Fundamentals of Cost Accounting
  • Meaning, Definition, Significance of Cost Accounting, its Relationship with Financial Accounting
  • Application of Cost Accounting for Business Decisions
  • Definition of Cost, Cost Centre, Cost Unit and Cost Drivers
  • Classification of Costs
  • Ascertainment of Cost and Preparation of Statement of Cost and Profit (Cost Sheet)