Education and Career Forum

what mean of foundation icwa &intermideate icwa?...please tell me

Originally Posted by Unregistered

what mean of foundation icwa &intermideate icwa?...please tell me

The difference between the Foundation Course and Intermediate Course of Cost and Work Accountancy program as follows:

• Foundation Course is the first stage of the Cost and Work Accountancy program, whereas, Intermediate Course is the next stage.
  
• Candidates who have qualified higher secondary level of examination are considered eligible for the Foundation Course whereas, for the Intermediate Course, candidate must possess a bachelors degree in any discipline.

Foundation Course comprise of Four Papers and are as follows:
Organization & Management Fundamentals
Accounting
Economics and Business Fundamentals
Business Mathematics, Statistics

Intermediate Course comprise of Six Papers and are as follows:
Financial Accounting
Commercial and Industrial Laws and Auditing
Applied Direct Taxes
Cost & Management Accounting
Operation Management and Information Systems
Applied Indirect Taxes

For information regarding the Cost and Work Accountancy Program, refer to the official website of The Institute of Cost and Work Accountants of India.

Originally Posted by Unregistered

what mean of foundation icwa &intermideate icwa?...please tell me

ICWA Foundation course:--

The first level of the CWA/ICWAI course offered called as foundation course and this is the lowest level at which a student can start pursuing the professional course of cost and works accountancy.

ICWA Intermediate course:--

Students who have completed their 10+2, foundation course need not be taken and they can directly join the intermediate course of ICWAI.

The foundation course of ICWA includes the following papers

• Organization and management fundamentals
• Accounting
• Economics and Business Fundamentals
• Business Statistics and Statistics Fundamentals


Intermediate Course comprise of Six Papers and are as follows:

• Financial Accounting
• Commercial and Industrial Laws and Auditing
• Applied Direct Taxes
• Cost & Management Accounting
• Operation Management and Information Systems
• Applied Indirect Taxes

Hello friend,

ICWA stands for Cost and Work Accountancy.Cost and Work Accountants structures the business policy of a Company
and to give a forecast for projects to be carried out on the basis of past and present financial performances.

To be eligible for ICWA course,you should:-
1.Have completed 17 years of age.
2.Have passed your 12th from a recognised Central or State Board.

The ICWA course is divided in three stages:-
1.Foundation.
2.Intermediate.
3.Final.

So,foundation course is the first stage of ICWA course.You can appear in it after passing your 12.
There are four subjects that are asked in this exam:-
1.Accounting.
2.Business and Economics Fundamentals.
3.Business Statistics.
4.Organisation and Management Fundamentals.

The next stage is Intermediate.You can appear in it after passing the foundation.
However,if you have completed your graduation,you can directly appear in it without appearing in Foundation.
In Intermediate Exam,there are six subjects asked:-
1.Cost and Management Accounting.
2.Financial Accounting.
3.Applied Direct Taxes.
4.Commercial and Industrial Laws and Auditing.
5.Applied Indirect Taxes.
6.Operation Management and Information Systems.

After qualifying Intermediate Course,you can start preparing for Final Exam.

Now talking about the job scopes of ICWA,the ICWA candidates are in huge demand in Private Companies,Banking Sector,
Finance Sector,Government Sector,etc.The starting salary is Rs.25,000-Rs.30,000 per month.Few job types under this field are:-
1.Finance Manager.
2.Financial Controller.
3.Chief Auditor.
4.Chief Accountant.
5.Managing Director.
6.Marketing Manager.
7.Accountant.
8.Professor.
9.Associate Professor.

I hope you found the information useful.

Thanks.

With Regards-
Vikas.

Don't judge each day by the harvest you reap but by the seeds that you plant.

While preparing for CWA exams can i take a break between foundation and intermediate course in order to prepare for CA exam?

what is the time duration for foundation course?

if a student passed the 10 2 he can able to intermidiate ?

Is icwa easy then ca?