The Institute of Cost Accountants of India (ICMAI) held the entrance exam for the admission to courses in Cost and Management Accountancy. The courses namely are Foundation Courses, Intermediate courses and Final Courses. The entrance exam for all the three courses is conducted by the institute twice in a year, in December and in June. Candidates are required to apply for the Course of their choice in which they want to pursue further. The job description of the person pursuing Cost Accountancy involves the costing or pricing of Goods and Services or the preparation, verification or certification of Cost Accounting and related statements.
Subscribe For Latest Updates
Registrations remain open throughout the year. However, candidates willing to appear for June term examination should apply before 31st January of that year and for December term examination should apply before 31st July of that year.
Final Course is one of the courses offered by the Institute. Candidates desirous of applying for the entrance exam will be required to fill up the Application Form available on the official website of the Institute. However, it should be assured by the candidate that she/he fills the prescribed eligibility criteria required to apply for the exam.
ICMAI Final Course Application Form and Registration
Candidates desirous of applying for the Final Course will be required to register themselves first from the official website of the Institute. It is advised that the candidate must go through the instructions mentioned in detail regarding the Application Form and the eligibility criteria. The submission of the Application Form will be accepted only after the successful payment of the Application Fee. Students admitted/registered/enrolled to Intermediate Course at least 4 months prior to the month of the examination shall be eligible to appear for the Intermediate Course.
ICMAI Student Login:
If the candidate has registered herself/himself, they can Login to ICWAI/ICMAI Student login by visiting the official website i.e. icmai.in. The following credentials will be required if want to Login successfully:
- Application Number
- Registration Number
- Email ID
- Mobile Number
- Date of Birth
ICMAI Final Course Application Form:
Candidates will be able to fill up the Application Form once registered. Candidates can apply online through student Login, it should be noted that only online Application Forms will be available and no other mode of forms will be accepted. Only students who will be opting for overseas centres will have to apply offline and send DD along with the form.
Steps for applying Online for CMA Final Course:
- Visit the official website i.e. icmai.in
- Click the Students Portal link
- There will be a Online Examination form link, click on it
- Tap the Students icon
- On the next page, navigate to Online Application form under Activities
- Click on the Form link
- Select your course as Foundation from the drop down that appears
- Read the instructions given thoroughly and apply online
Payment of Application Fee:
The payment of the Application fee will only be in the Online mode. Only students who will be opting for overseas centres will have to apply offline and send DD along with form. Go through the amount of examination fee mentioned here:
| Group (S) | Intermediate Examination |
| One Group (Inland Centers) (Overseas Centers) | 1400/- US $ 100 |
| Two Group (Inland Centers) (Overseas Centers) | 2800/- US $ 100 |
ICMAI Final Course Eligibility Criteria
Candidates desirous for appearing in an exam are advised to go through the eligibility conditions in detail before filling up the Application Form. ICMAI has prescribed the eligibility condition of every course which should be fulfilled by the candidate, in case of false information, the institute reserves the right of cancelling the candidature. The Eligibility criteria of Intermediate Course is mentioned in points below:
ICWAI Final Examination:
- The candidates should have passed standard 12th
- The candidate should be a graduate in any discipline except Fine arts or equivalent
- The candidate should have cleared all eight papers of CMA Intermediate course.
ICMAI Final Course Examination pattern
Candidates appearing for ICMAI Intermediate Course exam can go through the examination pattern. There are certain points which should be kept in mind before appearing for the exam. The examination pattern of every entrance exam will differ from course to course. Aspiring candidates can go through the important points regarding examination pattern mentioned below:
- Students appearing for ICMAI Foundation Course exam must note that questions will be framed under 2016 Syllabus only.
- The examination will be in offline mode i.e. pen and paper based only
- Questions will be asked from Syllabus 2016 and the pattern of the question paper will be of subjective type
- The entrance examination for Foundation Course under the 2016 syllabus will take place in the afternoon time slot.
- The entrance exam of Intermediate Course will held in Group 1 and Group 2. Candidates will have to choose the Group for which they want to appear.
- The weightage of the subjects under both the groups are mentioned in the tabular format below:
Syllabus 2016 (Group 3):
| Subject | Topic | Weightage |
| Paper 13- Corporate Laws and Compliance | Section A- Compnaies Act Section B- Other Corporate Laws Section C- Corporate Governance | 50% 30% 20% |
|
Paper 14- Strategic Financial Management | Section A- Investment Decisions Section B- Financial markets and Institutions Section C- Security Analysis and Portfolio Management Section D- Financial Risk Management | 25% 20% 25% 30% |
|
Paper 15- Strategic Cost Management- Decision Making | Section A- Cost Management Section B- Strategic Cost Management Tools and Techniques Section C- Strategic Cost Management- Application of Statistical Techniques in Business Decisions | 20% 50% 30% |
| Paper 16- Direct Tax Laws and International Taxation | Section A- Advanced Direct Tax Laws Section B- International Taxation Section C- Tax Practice and Procedures | 50% 30% 20% |
Syllabus 2016 (Group 4):
| Subject | Topic | Weightage |
| Paper 17- Corporate Financial reporting | Section A- GAAP and Accounting Standards Section B- Accounting of Business Combinations and Restructuring Section C-Consolidated Financial Statements Section D- Developments in Financial reporting Section E- Government Accounting in India | 30% 20% 20% 15% 15% |
|
Paper 18- Indirect Tax laws and Practice | Section A- Advanced Indirect tax- Laws and Practice Section B- Tax Practice and Procedure | 80% 20% |
|
Paper 19- Cost and Management Audit | Section A- Cost Audit Section B- Management Audit Section C- Internal Audit, Operational Audit and Other related issues Section D- Case Study on performance Analysis | 35% 15% 25% 25% |
| Paper 20- Strategic Performance Management and Business valuation | Section A- Strategic peformance management Section B- Business valuation | 50% 50% |
ICMAI Final Course Syllabus
The Syllabus of ICMAI Final Course of the Groups (3 and 4) is mentioned here. Candidates preparing for the entrance exam can go through the topics which will be covered in the question paper. Read for the syllabus topics in the tabular format below:
Syllabus 2016 (Group 3):
| Subject | Syllabus |
| Paper 13- Corporate Laws and Compliance | Section A- Companies Act
Section B- Other Corporate laws
Section C- Corporate Governance
|
| Paper 14- Strategic Financial Management | Section A- Investment Decisions
Section B- Financial markets and Institutions
Section C- Security Analysis and Portfolio management
Section D- Financial risk management
|
| Paper 15- Startegic Cost management- Decision making | Section A- Cost Management
Section B- Strategic Cost management tools and techniques
Section C- Strategic Cost management- Application of Statistical techniques in Business decisions
|
| Paper 16- Direct tax laws and International taxation | Section A- Advanced direct Tax laws
Section B- International Taxation
Section C- Tax Practice and Procedures
|
Syllabus 2016 (Group 4):
| Subject | Syllabus |
| Paper 17- Corporate Financial reporting | Section A- GAAP and Accounting Standards
Section B- Accounting of Business combinations and Restructuring
Section C- Consolidated Financial Statements
Section D- Developments in Financial reporting
Section E- Government Accounting in India
|
| Paper 18- Indirect tax laws and practices | Section A- Advanced Indirect Tax-Laws &Practice
Section B- Tax Pratcice and Procedure
|
| Paper 19- Cost and Management Audit | Section A- Cost Audit
Section B- Management Audit
Section C- Internal Audit, Operational Audit and other related issues
Section D- Case Study on Performance Analysis |
| Paper 20- Strategic Perfomance Management and Business evaluation
| Section A- Strategic Performance Management
Section B- Business Valuation
|
ICMAI Final Course Admit Card
The Admit card of ICMAI Final Course will be available on the official website of the Institute. Candidates who have successfully submitted the Application Form will be able to access the Admit Card. It should be noted that the document will not be sent individually through post or any other offline mode and it will only be available through the online procedure. Applicants will be required to download and take a printout of the Admit Card. It is advised the candidates cross check the details mentioned on the document and in case of any incorrect information, the examination authority should be immediately contacted.
Admit Card is a mandatory document to be carried on the day of the exam along with one Photo ID (Pan Card, Aadhar Card, Driving License etc.), in case of its absence, the candidates will be prohibited from appearing for the exam.
Steps to Download the Admit Card:
For downloading the Admit Card successfully, candidates can follow the following procedure mentioned in points below:
- Click on the link of admit Card available on the official website of the Institute
- Choose the course for which the candidate has applied for
- Enter the Registration Number
- Cross Check the Admit card, if any incorrect information is provided, the examination authorities should be immediately contacted
- If satisfied, download the Admit Card
- Click on Print Admit Card and take the printout of it
ICMAI Final Course Result
The ICWAI Result exam will be released online on the official website i.e. icmai.in. For checking the result, candidates will have to enter the Identification Number/Registration Number. Only those candidates who will score more than the qualifying marks will qualify ICWAI exam. Along with the result, pass percentage is also announced.
Along with the result the rank list is also released. However, it will only be announced for Intermediate and Final exam. The Rank list will consist the following details.
- Rank
- Syllabus
- Roll number
- Registration Number
- Name
- Gender
- Photograph
- Center Code
- Center Name
- Serial Number
Qualifying marks and Pass Percentage:
The candidates will only be considered qualified, if they surpass the pass percentage in the examination. It should be noted that pass percentage and qualifying marks are different.
Qualifying Marks: A candidate will pass in an examination if they secure atleast 40% marks in each paper of the group and atleast 50% marks in aggregate in non-exempted paper of the Group.
Pass Percentage: The pass percentage is the percentage of the candidates who have qualified the examination.
Steps to check ICWAI Result:
- Click on the link which will be provided on the official website of the Institute.
- A window asking for Identification number will be displayed
- Candidates will have to enter the Identification Number and click on the ‘View Result’ button
- Check the result and download the PDF displayed on the screen for future procedure of admission.
