Institute of Cost and Works Accountants (ICWA) Exam

ICWA stands for Cost and Work Accountancy. On 28th May, 1959 the Institute of Cost and works Accountants of India (ICWAI) was setup under the Cost and Works Accountants Act, 1959. Cost and Work Accountants structures the business policy of a company and to give a forecast for projects to be carried out on the basis of past and present financial performances.

ICWA stands for Cost and Work Accountancy. The Institute of Cost and Works Accountants of India (ICWAI) was established on 28th May, 1959 under the cost and works accountants Act, 1959. This structures the business policy of a company and to give a forecast of the projects to be carried out on the basis of previous and current financial performances of the company.

Basic Eligibility

To commence with ICWA courses the candidate must have completed 17 years of his/her age and mainly completed (10+2) or any equivalent examination from the boards recognized by State and central government. An ICWA passed candidate specializes in Statistics, Tax laws and Tax planning, Auditing, and Cost & Management accountancy.

Few job types under this field: -

• Associate Professor
• Accountant
• Chief Auditor
• Chief Accountant
• Finance Manager
• Financial Controller
• Marketing Manager
• Managing Director
• Professor

Other Courses related to ICWA

1. Foundation course of ICWAI (Institute of Cost & Work Accountants of India):-

• The CWA ICWA course at the Foundation level (ICWAI: Foundation Examination) consists of only theoretical examinations. There are 6 subjects to be studied arranged into 4 papers of 100 marks each.

• To pass a student has to obtain a minimum of 40% in each paper and an aggregate of 50% in all the papers together, failing which the student has to reappear in all the 4 papers again.

2. Intermediate Courses of ICWAI:

• The CWA ICWA course at the Intermediate level (ICWAI: Intermediate Examination) consists of theoretical examinations as well as compulsory practical trainings. The theoretical examinations consist of 12 subjects to be studied arranged into 2 stages of 4 papers of 100 marks each.

• To pass a student has to obtain a minimum of 40% in each paper and an aggregate of 50% in all the papers of a stage together, failing which the student has to reappear in all the papers again. Even if the student appears in both the stages together each stage will be considered separately for assessing the result.

Professional Course:

The limited number of seats in the Professional colleges means that only the best students get selected. They are then trained by some of the finest faculty members. Add to this, the guest lectures delivered by industry experts, and you know that Professional degrees have a definite edge over others.

Few Courses in ICWA
Foundation course of ICWAI
Intermediate course of ICWAI

Specializations:
Few specializations in these fields are :
ICWA - Statistics, Tax laws and Tax planning , Auditing, Cost and management accountancy