Fundamentals of Management – CMA Foundation

CMA Foundation Syllabus 2020

Fundamentals of Management

Section B (Fundamentals of Management)

Business Management

Management, Characteristics of Management, Objectives of Management, Importance of Management, Nature of Management, Levels of Management, Functions of Management, Co-ordination, Characteristics of Co-ordination, Importance of Co-ordination

Management Principles 

Nature of Management Principles, Significance of Management Principles, Taylor’s scientific Management, Scientific Management Principles, Scientific Management Techniques, Work Standardisation & Simplification, Method study, Motion study, Time study, Fatigue study, Wage system, Fayol’s Management  Principles

Business Environment

Business Environment, Importance of Business Environment, Dimensions of Business Environment, Economic environment, Government policy on Business & industry


Concept of Planning, Importance of planning, Features of planning, Limitations of planning, Panning Process, Types of Plans, Objectives, Strategy, Policy, Procedure, Method, Rule, Programme, Budget


Organising, Organising Process, Objectives of Organising, Organisation Structure, Types of Organisation Structure, Formal  Organisation, Informal Organisation,  Delegation, Objectives of Delegation, Decentralisation, Objectives of Decentralisation, 


Staffing, Need for Staffing, Staffing Process, Recruitment, Sources of Recruitment, Selection of Personnel, Personnel Selection Process, Personnel Training and Development, Training Methods


Directing, Objective of Directing, Principles of Directing, Elements of Direction, Supervision, Motivation, Leadership, Leadership Qualities, Communication, Communication Process, Objectives of Communication, Formal Communication,  Informal Communication, Grapevine Network, Barriers to Communication, Communication Effectiveness


Controlling, Objectives of Controlling, Controlling Process, Control Techniques, Responsibility Accounting, Management Audit, PERT, CPM, Management Information System