Inter » IntermediateFor those students who are pursuing the course through Foundation i.e. after passing Foundation level, this would be the second level course relating to the CWA/ICWA (Cost and Works Accountancy - Professional Accounting) Course.
For those students who are taking up the course after their Graduation this is the primary/first level course.
Course DurationThe minimum course duration as per the regulations of the institution is
CWA/ICWA_Inter » 12 monthsThe 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, to the time the student completes the course.
The actual time that a student has to spend on the course would be dependent on the actual date of registration.
When are the Examinations Conducted?The main/final examinations for the course at this level are conducted twice every year generally on specified dates which do not change except under extraordinary circumstances.
Second Week of June
[Group I - 11th,13th & 14th; Group II – 15th,17th & 18th ; Time : 9.30 am to 12.30 pm]
Second Week of December
[Group I - 10th, 12th& 13th; Group II – 14th, 16th & 17th ; Time : 9.30 am to 12.30 pm]
One can pursue the course even if he/she is a supplementary passed candidate at the graduation examinations.
The minimum academic qualification required is a pass at the 10 + 2 +3 level or at the foundation level examinations.
Therefore, a supplementary passed candidate is placed on the same footing as the regular candidate.
Pursuing along with Graduation/Post-GraduationThe course can be pursued along with graduation or Post Graduation Courses.
There is no restriction with regard to pursuance of this course along with any other course i.e. any graduation course or post graduation course.
A candidate would be pursuing this level along with
GraduationIf he/she is taking up this level after getting through his/her Foundation Level
Post GraduationIf he/she is taking up this level after getting his/her Foundation level and has not yet completed the course
Pursuing the courses 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/M.Com courses 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) or Post Graduation (i.e. M.Sc).
For that matter even students doing their engineering, medicine etc can also pursue this course along with their graduation or post graduation courses.
There are specialized streams like Cost Engineering, Energy Auditing, etc., which can be pursued on doing professional accounting courses along with professional courses in science stream.
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 of a module together, failing which the student has to reappear in all the papers of the module again.
ExemptionsWherein the student has failed the examination but has obtained high marks in one or more papers as specified, there are certain exemptions from appearing in that paper.
A student has to get through the papers at this level and thereby pass the intermediate level to be eligible to go to the next level (final) of the course.
Each paper 3 hours-100 Marks
CWA/ICWA: Intermediate - Group I
- Paper 5: Financial Accounting [100 marks]
- Paper 6: Commercial & Industrial Laws and Auditing [100 marks]
- Section I : Commercial and Industrial Law (50 Marks)
- Section II : Auditing (50 Marks)
- Paper 7: Applied Direct Taxation [100 marks]
CWA/ICWA: Intermediate - Group II
- Paper 8: Cost & Management Accounting [100 marks]
- Paper 9: Operation Management and Information Systems [100 marks]
- Section I: Operation Management (50 Marks)
- Section II : Information Systems (50 Marks)
- Paper 10: Applied Indirect Taxes [100 marks]
Use the subject names as links to pages containing the syllabus and list of recommended books.
Exemption From Intermediate!!
No one is exempt from studying all the papers at this level i.e. there is no academic qualification that would entitle a student to bypass the intermediate level and go to the final level directly.
Exemption From some Papers
Only a pass in the final examination of ICSI, has the following subjects exemption. No exemption is available for any other qualification under Revised Syllabus 2008.