About Fundamentals of Accounting 

Accounting is basically an art of recording, classifying and summarizing financial transactions of an organisation.Accounting is universally applicable as it aids in decision making of every economic activity.

Being a CMA aspirant, you should understand the fundamental and elementary concepts of Accounting.You will develop the skill of understanding, classifying, recording and presenting financial statements at an elementary level.This paper is divided into 2 Parts. In part 1, you will be gaining knowledge on Fundamentals of Accounting and in Part B, you will be learning Fundamentals of Cost Accounting.