ICWA Exam Pattern 2022

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ICWAI Exam Pattern

  • Exam Mode: Pen-paper mode
  • Exam Type: Descriptive (Pen & Paper) mode only
  • Marks per Paper: Each paper carries 100 marks
  • Test Duration: Each paper is of three hours duration.

ICWAI Foundation Course Papers

There are four papers based on accounts in the ICWAI foundation course as under:

  • Paper 1: Fundamentals of Economics and Management - 100 marks
  • Paper 2: Fundamentals of Accounting - 100 marks
  • Paper 3: Fundamentals of Law and Ethics - 100 marks
  • Paper 4: Fundamentals of Business Mathematics and Statistics - 100 marks

ICWAI Intermediate Course Papers

Table Supporting: ICWAI_Intermediate_Course_Papers
Group IGroup II
Paper 5: Financial AccountingPaper 9: Operations Management and Strategic Management
Paper 6: Law and EthicsPaper 10: Cost & Management Accounting and Financial Management
Paper 7: Direct TaxationPaper 11: Indirect Taxation
Paper 8: Cost AccountingPaper 12: Company Accounts and Audit

ICWAI Final Course Papers

Table Supporting: ICWAI_Final_Course_Papers
Group IIIGroup IV
Paper 13: Corporate Laws & CompliancePaper 17: Corporate Financial Reporting
Paper 14: Strategic Financial ManagementPaper 18: Indirect Tax Laws & Practice
Paper 15: Strategic Cost Management - Decision MakingPaper 19: Cost & Management Audit
Paper 16: Direct Tax Laws and International TaxationPaper 20: Strategic Performance Management & Business Evaluation

ICWAI Sectional Weightage for Foundation Course

Foundation Course Paper 1: Fundamentals of Economics and Management

Table Supporting: Foundation_Course_Paper_1_Fundamentals_of_Economics_and_Management
SectionsTopicsWeightage
Section A - Fundamentals of EconomicsBasic concepts of Economics20 marks
Forms of Market20 marks
Section B – Fundamentals of ManagementMoney and Banking10 marks
Management Process50 marks
Total-100 marks

Foundation Course Paper 2: Fundamentals of Accounting

Table Supporting: Foundation_Course_Paper_2_Fundamentals_of_Accounting
SectionsTopicsWeightage
Section A: Fundamentals of Financial AccountingAccounting Fundamentals35 marks
Accounting for Special Transactions20 marks
Section B: Fundamentals of Cost AccountingPreparation of Final Accounts25 marks
Fundamentals of Cost Accounting20 marks
Total-100 marks

Foundation Course Paper 3: Fundamentals of Laws and Ethics

Table Supporting: Foundation_Course_Paper_3_Fundamentals_of_Laws_and_Ethics
SectionsTopicsWeightage
Section A: Fundamentals of Commercial LawsIndian Contracts Act, 187240 marks
Sale of Goods Act, 193020 marks
Section B: Fundamentals of EthicsNegotiable Instruments Act, 188110 marks
Ethics and Business30 marks
Total-100 marks

Foundation Course Paper 4: Fundamentals of Business Mathematics and Statistics

Table Supporting: Foundation_Course_Paper_4_Fundamentals_of_Business_Mathematics_and_Statistics
SectionsTopicsWeightage
Section A: Fundamentals of Business MathematicsArithmetic20 marks
Algebra20 mark
Section B: Fundamentals of Business StatisticsStatistical representation of Data10 marks
Measures of Central Tendency and Dispersion30 marks
Correlation and Regression10 marks
Probability10 marks
Total-100 marks