ICAI Exam 2018 Result, Dates, Counseling, Admission Procedure

ICAI Exam 2018 Result Notice has been Released. Institute of Cost and works accountants of India is the ICWAI full form. The course offered by the ICWAI is known as “CWA Course” later name changed into CMA. There are three different stages in the icai course. The stages are CMA Foundation, intermediate and final. According to a notification released CMA intermediate name Changed to CMA Executive and CMA Final name changed to CMA Professional.

After completion of the 12th class, a candidate can apply for the foundation course. ICWAI has changed its name to The Institute of Cost Accountants of India and also ICWA course name is changed into CMA course. Full form of CMA is Cost Management Accounting. There is no difference between CMA and ICWAI Course.

To be a cost accountant is not so easy a job as it sounds. You need to clear all three levels of the ICWA CMA exam. The ICWA CMA exam conducted by the Insititute of Cost Accountants of India (ICAI) consists of three stages (Foundation / Intermediate/ Final).

Every year, ICWA appoints the best students for its cost accountancy course. Through the test, the institute judges the comprehensive understanding of students in areas like cost and financial management, communication skills and capability to maintain a fine balance between expenditure and the means. The examination is held twice a year i.e. one in the month of June and another in December.

ICAI Exam 2018 Result Notice – Released

New ICAI Exam 2018 Result Notice has been Released. Click Here to Check notice

Eligibility Criteria

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Eligibility for Admission:-
a) Class 10 or equivalent exam from a recognized education higher secondary school board or institution.
b) Senior Secondary examination under 10+2 scheme of a recognized board or an examination recognized by the central government as equivalent thereto or should have passed the National Diploma in Commerce Examination directed by the All India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Higher Education.
c) Students awaiting their result can also apply for provisional admission.
Eligibility for Admission:-
a) Should have passed Senior Secondary School examination (10+2) and Foundation Course of  the Institute of Cost Accountants of India/ Graduation in any discipline other than Fine arts/Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute.
b) Should have passed Foundation of ICSI/Intermediate of ICAI by whatever name called along with class 10+2.
c) List of other eligible qualifying examinations is given under Annexure VI of prospectus.
d) Students waiting for their result can also apply for provisional admission.
Eligibility for Admission: 
a)Passed Intermediate
b) Graduation in any discipline except Fine Arts or equivalent.
c) Candidates who have passed all eight papers of the CMA intermediate course are eligible to apply for CMA Final Course examination.

ICWA 2017 dates

The entrance exam for ICWA is held twice a year i.e. in the month of June and December. Candidates wishing to apply for ICAI Foundation examination for December term are required to apply latest by 30th June of the same year. At the same time candidates wishing to apply for June term are required to apply before 31st December of the previous year.

Registration for ICWA intermediate examination is open throughout the academic year. However those wishing to apply for June term are required to do so before 30th November of the previous year and those wising to apply for December term  examination are required to do so before 31st May of the same year.

ICWA Syllabus

ICWAI Foundation Syllabus (Subjects in Foundation)
  • Paper 1: Fundamentals of Economics & Management
  • Paper 2: Fundamentals of Accounting
  • Paper 3: Fundamentals of Laws & Ethics
  • Paper 4: Fundamentals of Business Mathematics & Statistics.
ICWAI Intermediate Syllabus (Subjects in Inter)
  • Paper 5: Financial Accounting
  • Paper 6: Laws, Ethics & Governance
  • Paper 7: Direct Taxation
  • Paper 8: Cost Accounting and Financial Management
  • Paper 9: Operations Management $ Information Systems
  • Paper 10: Cost & Management Accountancy
  • Paper 11: Indirect Taxation
  • Paper 12: Company Accounts & Audit
ICWAI Final Syllabus (Subjects in Final)
  • Paper 13: Corporate Laws & Compliance
  • Paper 14: Advanced Financial Management
  • Paper 15: Business Strategy & Strategic Cost Management
  • Paper 16: Tax Management & Practice
  • Paper 17: Strategic Performance Management
  • Paper 18: Corporate Financial Reporting
  • Paper 19: Cost & Management Audit
  • Paper 20: Financial Analysis and Business Valuation

1. Basic Concepts of Economics – Micro & Macro Economics (a) The Fundamentals of Economics (b) Utility, Wealth, Production (c) Theory of Demand (meaning, determinants of demand, law of demand, elasticity of demandprice, income and cross elasticity) and Supply (meaning, determinants, law of supply and elasticity of supply) (d) Equilibrium (e) Theory of Production (meaning , factors, laws of production- law of variable proportion, laws of returns to scale) (f) Cost of Production (concept of costs, short-run and long-run costs, average and marginal costs, total, fixed and variable costs)

2. Forms of Market Pricing strategies in various forms of markets 3. Money and Banking (a) Definition of Money, Types, Features and Functions (b) Definition, functions, utility, principles of Banking (c) Commercial Banks, Central Bank (d) Measures of credit control and Money Market Section B : Fundamentals of Management 4 Management Process (a) Introduction, planning, organizing, staffing, leading, control, communication, co-ordination (b) Concept of Power, Authority, Delegation of Authority, Responsibility, Accountability (c) Leadership & Motivation – Concept & Theories (d) Decision-making – types of decisions, decision-making process.

1. Accounting Basics (a) Accounting Principles, Concepts and Conventions (b) Capital and Revenue transactions – capital and revenue expenditures, capital and revenue receipts (c) Double entry system, Books of prime entry, Subsidiary Books, Cash Book (d) Journal, Ledger, Trial Balance (e) Depreciation – Methods (Straight Line and Diminishing Balance methods only) (f) Rectification of Errors (g) Opening entries, Transfer entries, Adjustment entries, Closing entries (h) Bank Reconciliation Statements

2. Accounting for Special Transactions (a) Bills of Exchange (excluding accommodation bill, insolvency) (b) Consignment (cost price, invoice price, commission & valuation of stock) (c) Joint Venture 3. Preparation of Final Accounts: (a) Of a Profit making concern (for sole proprietorship concern only) (i) Accounting treatment of bad debts, reserve for bad and doubtful debts, provision for discount on debtors and provision for discount on creditors. (ii) Preparation of Trading Account, Profit & Loss Account and Balance Sheet. (b) Of a Not-for- Profit making concern (i) Preparation of Receipts and Payments Account (ii) Preparation of Income and Expenditure Account

ICWA CMA Test Centers: 

Latest Applications For Various UG & PG Courses Open 2021:

    1. UPES UG, Dehradun | Admissions Open for All Courses 2021. Apply Now
    2. UPES PG, Dehradun | Admissions Open for All Courses 2021. Apply Now
    3. Chandigarh University, Punjab | Admissions Open for All Courses 2021. Apply Now
Agartala, Ahmedabad, Akurdi, Allahabad, Asansol, Aurangabad, Bangalore, Baroda, Berhampur(Ganjam), Bhilai, Bhilwara, Bhopal, Bhubaneswar, Bilaspur, Bokaro, Calicut, Chandigarh, Chennai, Coimbatore, Dehradun, Delhi, Dhanbad, Durgapur, Ernakulam, Faridabad, Gandhidham, Ghaziabad, Guwahati, Hardwar, Howrah, Hyderabad, Indore, Jaipur, Jabbalpur, Jalandhar, Jammu, Jamshedpur, Jodhpur, Kalyan, Kannur, Kanpur, Kolhapur, Kolkata, Kota, Kottayam, Lucknow, Ludhiana, Madurai, Mangalore, Mumbai, Mysore, Nagpur,Nasik, Nellore, Noida, Panaji (Goa), Patiala, Patna, Pondicherry, Port Blair, Pune, Rajahmundry, Ranchi, Rourkela, Salem, Sambalpur, Shillong, Siliguri, Solapur, Srinagar, Surat, Thrissur, Tiruchirapalli, Tirunelveli, Trivandrum, Udaipur, Valsad, Vashi, Vellore, Vijayawada, Vindhyanagar, Waltair and Overseas Centres at Bahrain, Dubai and Muscat. (If no examination centre is available at a particular location, examinees will be accommodated at thenearest Centre available)

ICWA Preparation

Candidate should keep one thing in mind that CMA is a professional course hence success can only be achieved if practical approach is adopted. Mugging out thoroughly the whole night before the exam won’t work. Try to make proper time table for your studies and ensure that you are implementing the time table. Make such a schedule for preparation that you can easily allocate 2-3 hrs to each subject. Keep changing your time table such that you don’t get bored of following same schedule. Make sure that you refer to only those study materials by the institute.

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  1. abhishek mishra says:

    best study matterial for icwa

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