ICWAI Examinations
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The Cost Accountancy Certification examinations conducted by the Institute of Cost Accountants of India, earlier known as the Institute of Cost and Works Accountants of India (ICWA ) are held in three steps, Foundation, Intermediate and Final. Cost Accounts, known internationally as Management Accountants bridge the gap between Chartered Accountants and Finance Executives. Their domain is assimilating and managing financial information from all areas of an organization.
- Eligibility criteria
The courses can be joined at Foundation and Intermediate Levels.
- Foundation – Eligibility for foundation course registration is Class 10, and the eligibility to give examination is Class 10+2.
- Intermediate – Eligibility for intermediate course is either by clearing Foundation course or a Graduation Degree in any field.
- How to apply
Registration to Foundation and Intermediate courses is possible throughout the year by filling in application and attaching relevant documents, online and through the registered centers.
- Paper Pattern
Two different syllabi are used¸ the Syllabus 2008 and Syllabus 2012 with different exam dates although the paper pattern remains the same.
- Foundation Exams: Each Exam consists of 100 multiple choice questions of 1 mark each with total 100 maximum marks covering.
- Intermediate and Final Exams: Both exams consist of short and long answer questions with 100 maximum marks for each paper respectively.
In all three examinations there is no negative marking.
- How To Prepare
- Study the syllabus thoroughly, try to complete 2 revisions
- Utilize the Study Material provided by the Institute of Cost Accountants of India,
- Practice using calculator so you are able to increase speed using it before examinations
- Attempt sample/previous year papers
- Use examples wherever applicable
- For Law related subjects, read relevant case stories
- Stay updated with current affairs
- Write answers according to mark weightage; avoid over-writing
Important dates
FOUNDATION COURSE EXAMINATION
Syllabus 2008
Saturday, 28th December 2013
o 10 AM to 12 Noon (Paper 1 & 2 for 100 Marks)
o Paper 1 : Organization and Management Fundamentals (50 Marks)
o Paper 2 : Accounting ( 50 Marks)
o 2 PM to 4 PM (Paper 3 & 4 for 100 Marks)
o Paper 3 : Economics and Business Fundamentals (50 Marks)
o Paper 4 : Business Mathematics and Statistics Fundamentals (50 Marks)
Syllabus 2012
Sunday, 29th December 2013
o 10 AM to 12 Noon (Paper 1 & 2 for 100 Marks)
o Paper 1 : Fundamentals of Economics and Management (50 Marks)
o Paper 2 : Fundamentals of Accounting (50 Marks)
o 2 PM to 4 PM (Paper 3 & 4 for 100 Marks)
o Paper 3 : Fundamentals of Laws & Ethics (50 Marks)
o Paper 4 : Fundamentals of Business Mathematics and Statistics (50 Marks)
INTERMEDIATE COURSE EXAMINATION
9.30 A.M. to 12.30 P.M
Syllabus 2008
Wednesday, 11th December, 2013
o Financial Accounting
Thursday, 12th December, 2013
o Commercial and Industrial Law & Auditing
Friday, 13th December, 2013
o Applied Direct Taxation
Saturday, 14th December, 2013
o Cost & Management Accounting
Monday, 16th December, 2013
o Operation Management and Information Systems
Tuesday, 17th December, 2013
o Applied Indirect Taxation
Syllabus 2012
Tuesday, 10th December 2013
o Financial Accounting
Wednesday, 11th December, 2013
o Laws, Ethics and Governance
Thursday, 12th December, 2013
o Direct Taxation
Friday, 13th December, 2013
o Cost Accounting & Financial Management
Saturday, 14th December, 2013
o Operation Management and Information Systems
Sunday, 15th December, 2013
o Cost & Management Accountancy
Monday, 16th December, 2013
o Indirect Taxation
Tuesday, 17th December, 2013
o Company Accounts and Audit
o
FINAL COURSE EXAMINATION
2.00 P.M. to 5.00 P.M.
Syllabus 2008
Tuesday, 10th December, 2013
o Capital Market Analysis & Corporate Laws
Wednesday, 11th December, 2013
o Financial Management & International Finance
Thursday, 12th December, 2013
o Management Accounting – Strategic Management
Friday, 13th December, 2013
o Indirect & Direct – Tax Management
Saturday, 14th December, 2013
o Management Accounting – Enterprise Performance Management
Sunday, 15th December, 2013
o Advanced Financial Accounting & Reporting
Monday, 16th December, 2013
o Cost Audit & Operational Audit
Tuesday, 17th December, 2013
o Business Valuation Management
Syllabus 2012
Tuesday, 10th December 2013
o Corporate Laws and Compliance
Wednesday, 11th December, 2013
o Advanced Financial Management
Thursday, 12th December, 2013
o Business Strategy & Strategic Cost Management
Friday, 13th December, 2013
o Tax Management & Practice
Saturday, 14th December, 2013
o Strategic Performance Management
Sunday, 15th December, 2013
o Corporate Financial Reporting
Monday, 16th December, 2013
o Cost & Management Audit
Tuesday, 17th December, 2013
o Financial Analysis & Business Valuation
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