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).

ICAI Exam 2018 Result Notice – Released

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

Eligibility Criteria

ICWA Syllabus

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: