ICWA Exam Pattern 2021
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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 I | Group II |
| Paper 5: Financial Accounting | Paper 9: Operations Management and Strategic Management |
| Paper 6: Law and Ethics | Paper 10: Cost & Management Accounting and Financial Management |
| Paper 7: Direct Taxation | Paper 11: Indirect Taxation |
| Paper 8: Cost Accounting | Paper 12: Company Accounts and Audit |
ICWAI Final Course Papers
Table Supporting: ICWAI_Final_Course_Papers| Group III | Group IV |
| Paper 13: Corporate Laws & Compliance | Paper 17: Corporate Financial Reporting |
| Paper 14: Strategic Financial Management | Paper 18: Indirect Tax Laws & Practice |
| Paper 15: Strategic Cost Management - Decision Making | Paper 19: Cost & Management Audit |
| Paper 16: Direct Tax Laws and International Taxation | Paper 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| Sections | Topics | Weightage |
| Section A - Fundamentals of Economics | Basic concepts of Economics | 20 marks |
| Forms of Market | 20 marks |
| Section B – Fundamentals of Management | Money and Banking | 10 marks |
| Management Process | 50 marks |
| Total | - | 100 marks |
Foundation Course Paper 2: Fundamentals of Accounting
Table Supporting: Foundation_Course_Paper_2_Fundamentals_of_Accounting| Sections | Topics | Weightage |
| Section A: Fundamentals of Financial Accounting | Accounting Fundamentals | 35 marks |
| Accounting for Special Transactions | 20 marks |
| Section B: Fundamentals of Cost Accounting | Preparation of Final Accounts | 25 marks |
| Fundamentals of Cost Accounting | 20 marks |
| Total | - | 100 marks |
Foundation Course Paper 3: Fundamentals of Laws and Ethics
Table Supporting: Foundation_Course_Paper_3_Fundamentals_of_Laws_and_Ethics| Sections | Topics | Weightage |
| Section A: Fundamentals of Commercial Laws | Indian Contracts Act, 1872 | 40 marks |
| Sale of Goods Act, 1930 | 20 marks |
| Section B: Fundamentals of Ethics | Negotiable Instruments Act, 1881 | 10 marks |
| Ethics and Business | 30 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| Sections | Topics | Weightage |
| Section A: Fundamentals of Business Mathematics | Arithmetic | 20 marks |
| Algebra | 20 mark |
| Section B: Fundamentals of Business Statistics | Statistical representation of Data | 10 marks |
| Measures of Central Tendency and Dispersion | 30 marks |
| Correlation and Regression | 10 marks |
| Probability | 10 marks |
| Total | - | 100 marks |