Institute of Cost Accountants of India (ICAI) [Institute of Cost & Works Accountants of India (ICWAI)] course is divided into following stages

Various Stages of ICWAI

Foundation Course of ICWAI
- It is the initial level
-Students who have passed 10+2 will have to compulsorily pass this as to get in to the next level.
-This course is for duration of 6 months.

Intermediate Course of ICWAI
-The intermediate course is the second level
-Duration for this course is one year (12 months).
-The students who have finished their graduation can register themselves directly to the Intermediate level and skip the Foundation Course of ICWAI.

Final Course of ICWAI
-The Final Course in ICWAI is the last step
-Duration is one year
-This is the last level in the program and after successfully completing the course; the students will become eligible for the practical training.
-After the practical training, the candidate will become a certified Cost and Management Accountant.

ICWAI Course Curriculum

Foundation Course of ICWAI

Organisation and Management Fundamentals
Financial Accounting Fundamentals
Economics and Business Fundamentals
Basic Mathematics and Statistics Fundamentals

Intermediate Course of ICWAI

Stage I:

Business Laws and Communication Skill
Business Taxation
Cost and Management Accountancy
Information Systems and Technology

Stage II:

Advanced Financial Accounting
Auditing
Management Accounting - Performance Management
Quantitative Methods
Practical Training:
Computer Course
Group Discussion
Business Communication Seminar

ICWAI Final Course

Stage I:

Operations and Project Management and Control
Advanced Financial Management and International Finance
Strategic Management and Marketing
Strategic Tax Management

Stage II:

Management Accounting - Decision Making
Management Accounting - Financial Strategy and Reporting
Cost Audit and Management Audit
Valuation Management and Case Study
Cost and Management Accountant Training: