ICWA Syllabus

The Institute of Cost and Works Accountants of India [ICWAI] and its known as Institute of Cost Accountants of India [ICAI], registration is valid for 7 (seven) years from the date of registration.

Applicants who have passed Intermediate Examination of the Institute are eligible for admission to Final Course.

There are three stages of pursuing Cost and Management Accountant course are as follow

• Foundation Course
• Intermediate Course
• Final Course

Foundation Syllabus

Paper 1 Fundamental of Economics and Management

Paper 2 Fundamentals of Accounting

Paper 3 Fundamentals of Laws and Ethics

Paper 4 Fundamentals of Business Mathematics and Statistics

• Paper 1 Fundamental of Economics and Management

Fundamentals of Economics

Fundamentals of Management

• Paper 2 Fundamentals of Accounting

Fundamentals of Financial Accounting

Fundamentals of Cost & Management Accounting

• Paper 3 Fundamentals of Laws and Ethics

Fundamentals of Commercial Laws

Fundamentals of Industrial Laws

Fundamentals of Ethics

• Paper 4 Fundamentals of Business Mathematics and Statistics

Fundamentals of Business Mathematics

Fundamentals of Business Statistics

Intermediate Syllabus

Group – I

Paper 5 Financial Accounting

Paper 6 Laws, Ethics and Governance

Paper 7 Direct Taxation

Paper 8 Cost Accounting and Financial Management

Group – II

Paper 9 Operations Management and Information Systems

Paper 10 Cost & Management Accountancy

Paper 11 Indirect Taxation

Paper 12 Company Accounts and Audit

• Paper 5 Financial Accounting

Generally Accepted Accounting Principles & Accounting Systems

Preparation of Accounts

Control of Accounting Systems

Accounting in Service Sectors

Accounting for Special Transactions

Accounting for Banking, Electricity and Insurance Companies

• Paper 6 Laws, Ethics and Governance

Industrial and Economic Laws

Corporate Laws and Governance

Ethics

• Paper 7 Direct Taxation

Income Tax

Wealth Tax

International Taxation

• Paper 8 Cost Accounting and Financial Management

Cost Accounting – Prime Cost & Overheads

Financial Management

• Paper 9 Operations Management and Information Systems

Operations Management

Information System

• Paper 10 Cost & Management Accountancy

Cost & Management Accounting – Methods & Techniques

Economics for managerial decision-making

• Paper 11 Indirect Taxation

Cannons of taxations – Indirect Taxes

Central Excise

Customs Laws

EXIM Policy

Service Tax

Central Sales Tax Act & VAT Act

International Taxation & Transfer Pricing

• Paper 12 Company Accounts and Audit

Generally Accepted Accounting Principles (GAAP)

Accounts of Joint Stock Companies

Auditing

Final

Group – III

Paper 13 Corporate Laws and Compliance

Paper 14 Advanced Financial Management

Paper 15 Business Strategy & Strategic Cost Management

Paper 16 Tax Management & Practice

Group – IV

Paper 17 Strategic Performance Management

Paper 18 Corporate Financial Reporting

Paper 19 Cost and Management Audit

Paper 20 Financial Analysis & Business Valuation

1. Paper 13 Corporate Laws and Compliance

Corporate Laws

Corporate Governance and Responsibilities

1. Paper 14 Advanced Financial Management

Financial Markets and Institutions

Financial Risk Management

Security Analysis and Portfolio Management

Investment Decisions

1. Paper 15 Business Strategy & Strategic Cost Management

Business Strategy

Strategic Cost Management

1. Paper 16 Tax Management & Practice

Tax Management

Tax Practice & Procedure

1. Paper 17 Strategic Performance Management

Performance Management

IT & Econometric tool in Performance Management

Enterprise Risk Management

1. Paper 18 Corporate Financial Reporting

Generally Accepted Accounting Principles (GAAP)

Business Combinations- Accounting & Reporting

Group Financial Statements

Developments in Financial Reporting

Government Accounting in India

1. Paper 19 Cost and Management Audit

Cost and Management Audit

Case Study on Performance Analysis

1. Paper 20 Financial Analysis & Business Valuation

Financial Analysis

Business Valuation