The Institute of Cost Accountants of India (ICMAI) offers admissions for pursuing courses in the Cost and Management Accountancy. The Institute was established in 1944 as a registered company under the Companies Act. On 28th May 1959 the institute was established by a special act of Parliament, as a statutory professional body for the regulation of the profession of Cost Accountancy. ICMAI, every year conducts exam for the admission to Foundation Course, Intermediate and Final Course.
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The entrance exam for all the three courses is held twice in a year, in June and in December. 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. Intermediate is one of the courses offered by ICMAI.
Candidates interested in pursuing this course should make sure that they fulfil all the eligibility requirement required for applying for the said exam. The entrance exam will be held for two groups offered under the Intermediate Course. The candidates will have a choice of appearing either for Group one or Group two. The Application Forms for all the courses will be available on the official website of the Institute. Candidates should go through the instructions mentioned in detail before proceeding for the Form.
ICMAI Intermediate Course Application Form and Registration
Candidates applying for the Intermediate Course will be required to get themselves Registered first. 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 Intermediate 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 Intermediate Course:
- Visit the official website i.e. icmai.in
- Click the Students Portal link
- There will be an 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) | 1200/- US $ 90 |
| Two Group (Inland Centers) Overseas Centers) | 2400/- US $ 90 |
ICMAI Intermediate 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:
- The candidate should have cleared 10+2 examination and the Foundation Course of ICWAI/should be a graduate in any discpline apart from Fine Arts/Foundation (Entry Level) part 1 examination of CAT of the Institute/Foundation (Entry Level) part 1 examination and Competency level Part 2 examination of CAT of the institute.
- Candidates awaiting results can also apply.
ICMAI Intermediate 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 weighatge of the subjects under both the groups are mentioned in the tabular format below:
Syllabus 2016 (Group 1)
| Subject | Topic | Weightage |
| Paper 5- Financial Accounting | Section A- Accounting (Basics) Section B- Preparation of Financial Statements Section C- Self balancing ledgers, Royalties, Hire purchase and Installment Systems, Branch and Departmental Accounts Section D- Accounting in Computerized Environment and Accounting Standards | 25% 40% 20% 15% |
|
Paper 6- laws and Ethics | Section A- Commercial laws Section B- Industrial laws Section C- Corporate Law Section D- Ethics | 30% 25% 35% 10% |
|
Paper 7- Direct Taxation | Section A- Income Tax Act Basics Section B- Heads of Income and Computation of Total Income and Tax Liability Section C- Administrative Procedures and ICDS | 10% 70% 20% |
|
Paper 8- Cost Accounting | Introduction to Cost Accounting Methods of Costing Cost Accounting Techniques | 40% 30% 30% |
Syllabus 2016 (Group 2)
| Subject | Topic | Weightage |
| Paper 9- Operations Management and Strategic Management | Section A- Operations Management Section B- Strategic Management | 70% 30% |
| Paper 10- Cost & Management Accounting and Financial Management | Section A- Cost and Management Accounting Section B- Financial Management | 50% 50% |
| Paper 11- Indirect Taxation | Canons of Taxation and Central excise Customs Law Service Tax Central Sales Tax and VAT | 35% 15% 30% 20% |
| Paper 12- Company Accounts and Audit | Section A- Accounts of Joint Stock Companies Section B- Auditing | 50% 50% |
ICMAI Intermediate Course Syllabus
The Syllabus of Intermediate Course of both the groups (1 and 2) is mentioned in here. Candidates appearing for the exam can go through the syllabus in detail and can start preparing for the mentioned topics under tabular format:
Syllabus 2016 (Group 1):
| Subject | Syllabus |
| Paper 5- Financial Accounting | Section A- Accounting (Basics)
Section B- Preparation of Financial Statements
Section C- Self balancing ledgers,Royalties, Hire Purchase & installment System, Branch and Departmnetal Accounts
Section D- Accounting in Computerized Environment and Accounting Standards
|
| Paper 6- laws and Ethics | Section A- Comercial laws
Section B- Industrial Laws
Section C- Corporate Law
Section D- Ethics
|
| Paper 7- Direct taxation | Section A- Income Tax Act Basics
Section B- Heads of Income and Computation of total Income and Tax liability
Section C- Administrative Procedures and ICDS
|
Syllabus 2016 (Group 2):
| Subject | Syllabus |
| Paper 9- Operations Management and Strategic Management | Section A- Operations Management
Section B- Strategic Management
|
| Paper 10- Cost and Management Accounting and Financial Management Paper 11- Indirect Taxation | Section A- Cost and Management Accounting
Section B- Financial Management
|
| Paper 12- Company Accounts and Audit | Section A- Accounts of Joint Stock Companies
Section B- Auditing
|
ICMAI Intermediate Course Admit Card
The Admit card of ICMAI Intermediate 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 Intermediate 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 be announced only for Intermediate and Final exam. The Rank list will consist of 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 this page
- 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.
