CMA Foundation Paper 2 (Fundamentals of Financial and Cost Accounting) Scanner - Book By Shuchita Prakashan

Edition : 25th (2026)

For Attempt : Dec 2026 & June 2027

📌 Key Highlights:

✅ Covers ICMAI content (Solved Questions from past 21 exams with June 2026 Ques.)
✅ 6 MQPs with Solution
✅ Star Rating of Chapters with ABC Analysis for focused prep
✅ Updated solutions with latest amendments
✅ MCQs with Crisp Explanations – Every MCQ includes a short and clear explanation to help
✅ Video Study Material Provided on LMS – Access chapter-wise video lectures on the LMS

✅ Question-type classification:

      • MCQs (Multiple Choice Question) • PYQs (Past Year Question)

✅  Unique trend tools:
* Chapter Marks Trend Graph
* Chapter-Wise Marks Analysis
* Paper trend analysis (last 1 exams)
✅ Question-type classification:
 * Objective Question

📘 Content Coverage:

Section A: Fundamentals of Financial Accounting

Module 1: Accounting Fundamentals

• Understanding of Four Frameworks of Accounting and Forms of Organization
• 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

Module 2: Accounting for Special Transactions

• Consignment
• Joint Venture
• Bills of Exchange

Module 3: Preparation of Final Accounts

• Preparation of Financial Statements of Sole Proprietorship
• Preparation of Financial Statements of a Not-For-Profit Organisation

Section B: Fundamentals of Cost Accounting

Module 4: 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) …and much more

 Who is This Book For?

• First-time students who want structured guidance

• Repeaters who need trend-based insights

• Anyone looking for topic-wise clarity—not just solved Qs