ICWA Intermediate - Course Structure

ICWA Intermediate - Course Structure

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CWA ICWA Intermediate - Course Structure are conducted by ICWA

Course Identification, Duration and Examination dates

The course at this level is identified as


Inter » Intermediate

For 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 Duration

The minimum course duration as per the regulations of the institution is


CWA/ICWA_Inter » 12 months

The 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.


June Examination

Second Week of June

[Group I - 11th,13th & 14th; Group II – 15th,17th & 18th ; Time : 9.30 am to 12.30 pm]


December Examination

Second Week of December

[Group I - 10th, 12th& 13th; Group II – 14th, 16th & 17th ; Time : 9.30 am to 12.30 pm]



Eligibility of Supplementary Candidates to Pursue the Courses at this Level

With regard to a student being a supplementary passed candidate, there is no restriction of any sort on the eligibility to do these courses.

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 Intermediate along with Graduation/Post-Graduation Courses

Pursuing along with Graduation/Post-Graduation

The 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



If he/she is taking up this level after getting through his/her Foundation Level


Post Graduation

If he/she is taking up this level after getting his/her Foundation level and has not yet completed the course

If he/she is taking up this level after getting his/her Foundation level and has not yet completed the course


If he/she is taking up the course after his/her graduation.


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.



Course Structure Pattern

The CWA/ICWA course at the Inter (Intermediate) level consists of only theoretical examinations. There are 6 subjects arranged into 2 modules of 3 papers each of 100 marks.


Pass Marks

To 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.



Wherein 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.


Graduation/(10 + 2 + 3)

[6 subjects arranged into two modules of 3 papers of 100 marks each.]

Computer Training

[Students are required 100 hours of computer training]



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.



Subjects to be Studied

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]


Compulsory Bridge Course for Non Commerce Students


Exemptions from One or More Papers based on Other Qualifications Held

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.


  1. Paper 5: Financial Accounting
  2. Paper 7: Applied Direct Taxation








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