Divaker Prakash Verma

ICWA Institute of Cost and Works Accountants is one of the leading financial schools in India. Since its inception in 1959, the institute has contributed a lot by producing a bunch of scholars in the world of finance and business. The institute holds the distinction of being one of the premier financial institutions in India. If you’re undecided as to which field would better suit you, then have you ever thought of ICWA? Today every private firm is keen on appointing a cost accountant that would promote and monitor the financial information from every department of the firm. If you think that you’re good at all the above mentioned areas then Cost Accountancy and ICWA CMA is the option to go ahead with. 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). Every year, ICWA appoints the best students for its cost accountancy course. Through the test, the institute judges the comprehensive understanding of students in areas like cost and financial management, communication skills and capability to maintain a fine balance between expenditure and the means. The examination is held twice a year i.e. one in the month of June and another in December. Eligibility for ICWA 2015: Admission to ICWA CMA Qualification:- FOUNDATION COURSE:- Eligibility for Admission:- a) Class 10 or equivalent exam from a recognized education higher secondary school board or institution. b) Senior Secondary examination under 10+2 scheme of a recognized board or an examination recognized by the central government as equivalent thereto or should have passed the National Diploma in Commerce Examination directed by the All India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Higher Education. c) Students awaiting their result can also apply for provisional admission. INTERMEDIATE COURSE:- Eligibility for Admission:- a) Should have passed Senior Secondary School examination (10+2) and Foundation Course of the Institute of Cost Accountants of India/ Graduation in any discipline other than Fine arts/Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute. b) Should have passed Foundation of ICSI/Intermediate of ICAI by whatever name called along with class 10+2. c) List of other eligible qualifying examinations is given under Annexure VI of prospectus. d) Students waiting for their result can also apply for provisional admission. FINAL COURSE:- Eligibility for Admission: a)Passed Intermediate b) Graduation in any discipline except Fine Arts or equivalent. c) Candidates who have passed all eight papers of the CMA intermediate course are eligible to apply for CMA Final Course examination.