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ICMAI ( Institute of Cost and Management Accountants of India)

Levels : Foundation, Inter and Final

Course Duration : Two to Three years

Admission to ICWAI Qualification :-
Foundation Course: Eligibility for Admission:
a) 17 years of age; and
b) Passed Senior Secondary Examination under 10+2 scheme
Intermediate Course: Eligibility for Admission:
a)Passed Senior Secondary School Examination (10+2)and Foundation Course of the Institute of Cost Accountants of India

b) Graduation in any discipline other than Fine Arts

c) Passed Foundation of ICSI/Intermediate of ICAI by what ever name called along with 10+2. Incumbents waiting for the result can apply for provisional admission 

When to Apply?
Foundation Course - 

For June 2016 Exam

31st Jan 2016

For Sep 2016 Exam

30th Apr 2016

For Dec 2016 Exam

31st Jul 2016

For Mar 2017 Exam

31st Oct 2016


Intermmediate Course -  To appear for June Term examination apply before 31st January of that year and for December term Examination apply before 31st July of that year. 

ICWAI Course Contents

The subjects for Foundation Course are :

  • Paper 1 Fundamentals of Economics and Management
  • Paper 2 Fundamentals of Accounting
  • Paper 3 Fundamentals of Law and Ethics
  • Paper 4 Fundamentals of Business Mathematics and Statistics 

The Intermediate Course :
Group – I

  • Paper 5 Financial Accounting
  • Paper 6 Law , Ethics and Governance
  • Paper 7 Direct Taxation
  • Paper 8 Cost Accounting and Financial Management 

Group – II

  • Paper 9 Operation Management & Information System
  • Paper 10 Cost and Management Accounting
  • Paper 11 Indirect Taxation
  • Paper 12 Company Accounts and Audit

The Final Course consists :

Group – III

  • Paper 13 Corporate Laws and Compliance
  • Paper 14 Advanced Financial Management
  • Paper 15 Business Strategy and Strategic Cost Management
  • Paper 16 Tax Management and Practice

Group – IV

  • Paper 17 Strategic Performance Management
  • Paper 18 Corporate Financial Reporting
  • Paper 19 Cost and Management Audit
  • Paper 20 Financial Analysis and Business Valuation

CMA 2016 Syllabus

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