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Career Chart for Cost Accountants

  1. Higher Secondary (class 10+2) Passed Candidates
  2. Foundation Examination
  3. Intermediate Course (18 months minimum) [Direct admission for graduates (any discipline)]
  4. Intermediate Examination
  5. Final Course (18 months minimum)
  6. Final Examination Passed Candidates with 3 years Practical Experience Cost Accountants (Members of the Institute)

Those who are known as “Cost Accountants” in India are called “Management Accountants” all over the World.

How are the ICWAI examinations held ?

The ICWAI examinations are held in three stages :

• Foundation

A candidate may appear for the Foundation examination after passing the plus two (twelfth standard) examinations and completing coaching either postal or oral The students are tested in and Management Fundamentals, Financial Accounting Fundamentals, Economics and Business Fundamentals and Business Mathematics and Statistics Fundamentals. The Foundation is waived in the case of officers, post graduates, qualified engineers holding a degree and graduates from other They are generally allowed to register with the institute for the intermediate examination.

• Intermediate

For the intermediate exam, there are eight papers Cost and Management Accounting, Information Systems and Technology, Business Laws and Communication Skill, Business Taxation, Management Accounting-Performance Management, Advanced Financial Accounting, Auditing, Quantitative Methods.

With a view to bridge the gap between theoretical knowledge and to practical orientation training requirements for Intermediate ICWAI students have been presented as given below:-

  • Two Group Discussions
  • Two Business Communication Seminars
  • Computers hands on 50 hours

• Final

For the Final exam, there are eight papers-Operation and Project Management and Control, Advanced Financial Management and International Finance, Strategic Management and Marketing, Strategic Tax Management, Management Accounting-Decision Making, Management Accounting-Financial Strategy and Reporting, Cost Audit and Management Audit, valuation management & study case.

Practical orientation training requirements for Final ICWAI students are as given below:-

  • Dissertation 5000 words.
  • Computer Hands on 100 hours
  • Modular training 15 days
  • Audit / Industrial training 6 months

The institute has made it mandatory for registered candidates to undergo coaching either directly or through correspondence and training, before appearing for the examinations.

All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances to their respective Regional Councils only. Regional Councils and area covered by the region are given below:

Candidates of Foundation, Intermediate and Final Examinations are allowed to exercise option for answering questions in Hindi


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