ICWA Course opens up a plethora of financial management opportunities and helps in providing the necessary experience to the aspirants, enabling them to take on the demands of the ever-changing corporate world. The examination in Cost Accountancy that is held by ICWAI (Institute of Cost and Works Accountants of India) is now known as CMA or Cost Management Accounting. Wisdom Academy offers the Best ICWA Classes in Mumbai as well as Home Tuitions for the same. The ICWA course is divided into three parts: Foundation, Intermediate, and Final.
The ICWA/CMA course at the Foundation level (CMA: 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.
The ICWA/CMA course at the Intermediate level (CMA: Intermediate Examination) consists of theoretical examinations as well as compulsory practical trainings. The theoretical examinations consist of 8 subjects to be studied arranged into 2 stages of 4 papers of 100 marks each.
NOTE: All the above subjects are 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.
Successful students at the CMA Intermediate examination are eligible to register for CMA Final course. Examinations for this will be held in the month of June and December of every calendar year. CMA Final Consists of two groups Group III and Group IV.