A Cost Accountant may build up his own practice by obtaining a license from the Institute, which would enable him to practice as a Cost Accountant, either individually or in partnership with one or more members of the Institute in practice. The types of service a cost accountant may offer his clients are varied. Some of these are listed below:

  • Maintenance of cost records
  • Cost Audit
  • Audit and other work

 

Basic Eligibility

To commence with ICWA courses the candidate must have completed 17 years of his/her age and mainly completed (10+2) or any equivalent examination from the boards recognized by State and central government. An ICWA passed candidate specializes in Statistics, Tax laws and Tax planning, Auditing, and Cost & Management accountancy.

 

Our Services:

Coaching Available for

1. Foundation course

1. Foundation course of ICWAI (Institute of Cost & Work Accountants of India):-

• The CWA ICWA course at the Foundation level (ICWAI: Foundation Examination) consists of only theoretical examinations. There are 6 subjects to be studied arranged into 4 papers of 100 marks each.
1. Fundamentals of Economics and Management (100 Marks)

2. Accounting (100 Marks)

3. Fundamentals of Law and Ethics (100 Marks)

4. Business Mathematics and Statistics (100 Marks)

• 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.

2. Intermediate Courses

2. Intermediate Courses of ICWAI

• The CWA ICWA course at the Intermediate level (ICWAI: 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.

Intermediate – Group 1

Sl.No

Subejct

Marks

1

Financial Accounting

100

2

Law, Ethics & Governance

100

3

Direct Taxation

100

4

Cost accounting & Financial Management

100

Intermediate – Group II

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Subejct

Marks

1

Operation Management & information system

100

2

Cost and Management Accountancy

100

3

Indirect taxation

100

4

Company Accounts and Auditing

100

• 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.

Final

Final

Successful students at the ICWA intermediate examination are eligible to register for ICWA Final course. Examinations for this will be held in the month of JUN and DEC of every calendar year. ICWA Final Consists of two groups Group III and Group IV.

Group III

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Subejct

Marks

1

Corporate Law and Compliance

100

2

Advanced Financial Management

100

3

Business Strategy and Strategic Cost Management

100

4

Tax Management and Practice

100

Group IV

Sl.No

Subejct

Marks

1

Strategic Performance Management

100

2

Corporate Financial Reporting

100

3

Cost and Management Audit

100

4

Financial Analysis and Business Valuation

100

In each paper require to score 40 marks and 50% in aggregate (total).

Note: There is a mandatory Industry Oriented Training Program of 42 hours that a candidate must take and a practical training for 3 years.

Out of the total period of 3 years of practical training a student must be registered for a period of 1 year out of which at least 6 months must be completed before 31st march/30th September respectively to become eligible to make an application for examination to be held in June/December for appearing in both the groups or for the remaining group in the final course (Having qualified the other group of the course)

 

Prominent Features:

  1. Highly qualified and experienced tutors handle the subjects effectively and efficiently.
  2. Unlike regular classroom coaching of CA/CS/ICWA where no personal attention is paid and it has strict class timings, Wisdom Academy’s group tuition have a batch size of not more than 10-12 students thereby providing students with one-to-one attention and making sure all doubts are cleared.
  3. Early morning, evenings and weekend batches for working professionals
  4. Concentration on exam-oriented appreciable number of quality problems to provide a firm grounding for students in various subjects and to face the professional exams with high Confidence
  5. Systematic exploring of syllabus in a scheduled time frame without sacrificing quality and number of classes.
  6. Regular tests to track the progress of students.

 

ICWA Classes

Wisdom Academy provides group tuition for ICWA Foundation,  ICWA Inter, ICWA Final by experts at Andheri and Borivali centers.