CWA/ICWA FoundationThe first level of the cwa/icwa course conducted by the institute of cost and works accountants of india is identified as Foundation.
This is the Lowest level at which a student can start pursuing the Cost Accountancy course.
For those students who are starting their pursuit of the cwa/icwa course after their 10 + 2 or intermediate, this is the entry level.
The course duration is the minimum time that a student has to spend on taking up the course at this level. It is the period starting from the time the student gets registered for the course, to the time the student completes the course at this level.
The actual time that a student has to spend on the course would be dependent on the actual date of registration.
June ExaminationThird Week of June [15th to 18th — 2 pm to 5 pm]
December ExaminationThird Week of December [14th to 17th — 2 pm to 5 pm]
Minimum AgeThe minimum age required for registering for the CWA/ICWA Foundation is 17 years on the date of registration.
It should be noted that, for registering for the subsequent level i.e. intermediate level a candidate should have completed 18 years age on the date of making application for registration for the level.
Minimum Academic/Educational QualificationsA pass at the 10 + 2 or Senior secondary or intermediate examination of a Board/University recognised by the Central Government or State Government or equivalent examination as recognised by the All India Council of Technical Education or National Council of Higher Education.
Group (MPC/MEC/BiPC ...)There is no stipulation as to the group that a student should have taken up at the 10 + 2 examination. Students of all groups are eligible for taking up the course.
Medium (English, Hindi, ... )There is no stipulation as to the medium that a student should have taken up at the 10 + 2 examination. Students of all mediums are eligible for taking up the course.
However, one should note that this course is available only in English and Hindi media.
Minimum Percentage (%)There is no stipulation as to the minimum percentage that a student should have got at the 10 + 2 examination. Just a pass at the examination is sufficient.
A candidate can pursue the course even if he/she is a supplementary passed candidate at the 10 + 2 or intermediate level.
Can start only after 10 + 2The course at this level is designed for being pursued by the students along with their Graduation after their 10 + 2 (senior secondary/intermediate). Thus pursuing this course along with 10 + 2 (intermediate/senior secondary) is not a possibility.
Start immediately after 10 + 2 Exams - By Provisional RegistrationHowever, a student who has appeared for the 10 + 2 (senior secondary/intermediate) examination may apply for the foundation level course provisionally, thereby starting the pursuit of this course even before the results of the 10 + 2 or intermediate examinations are out.
The candidate should be able to provide the results of the qualifying examination (10 + 2/senior secondary/intermediate) within 6 months of such registration, failing which the registration would get cancelled.
Note that students registering before June 25th can appear at the December examination.
Pursuing along with GraduationThere is no restriction with regard to pursuance of this course along with any other course i.e. any graduation course or diploma course. It is designed for being pursued along with Graduation after their 10 + 2 (senior secondary/intermediate).
A student on passing the Foundation level would be taking up the Intermediate level. The course at the both the Foundation/Intermediate levels can be pursued along with graduation/post-graduation courses.
Pursuing along with B.Sc|B. Tech|M.B.B.S ...Since the course is basically commerce oriented, the best bet is a student doing this course along with formal B. Com course of any university.
However this is not a requirement/compulsion. Even students doing their Graduation course in the science stream, can pursue this course along with their graduation (i.e. B.Sc).
Even students doing their engineering, medicine etc can also pursue this course along with their graduation courses. There are specialised streams like Cost Engineering, Energy Auditing, etc., which can be pursued on doing professional accounting courses along with professional courses in science stream.
This level is thus the entry level only for those students who intend to take up the course after their 10 + 2 (intermediate/senior secondary) i.e. along with their graduation.
The admission requirements for the second level of the course i.e. Intermediate level stipulates that the student should have qualified in either the Foundation Course examination or should be a Graduate.
Qualifications which are recognised as equivalent to graduation.
Pass MarksTo pass/qualify at the examination 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 papers of the module again.
ExemptionsThere are no provisions for exemptions to students, even in conditions where the student has obtained high marks.
Each paper 3 hours-100 MarksPaper 1 : Organisation & Management Fundamentals (OMF)
- Section I : Organization - 30%
- Section II : Management - 70%
Paper 2 : Accounting (ACT)
- A. Economics - 60 Marks
- B. Business Fundamentals - 40 Marks
Use the subject names as links to pages containing the syllabus and list of recommended books.