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ICMAI CAT 2021 - Dates, Application, Eligibility, Admit Card, Syllabus, Answer Key

ICMAI CAT 2021 - Dates, Application, Eligibility, Admit Card, Syllabus, Answer Key

Edited By Team Careers360 | Updated on Apr 24, 2021 02:53 PM IST

ICMAI CAT 2021- The Institute of Cost and Management Accountants of India (ICMAI) organises the Certificate in Accounting Technicians (CAT) exam for 12th class passed students or undergraduates. CAT is a short term course recently launched by ICMAI. ICMAI CAT 2021 is a multiple choice question (MCQ) based examination that is conducted online. There are 2 papers for ICMAI CAT course. Candidates can register for the foundation course (Entry-level) Part 1 exam which will be conducted on January 17, 2021. The last date for filling up the application form for ICMAI CAT exam was December 30, 2020. The second level is the competency level- Part II of the CAT exam which will be conducted in June 2021 tentatively. Candidates can check ICMAI CAT exam dates through official notifications on icmai.in. For more information on the application form, eligibility criteria, important dates, exam pattern, passing marks, admit card, syllabus and result, read the complete article below.

ICMAI CAT 2021:Overview

Exam name

ICMAI CAT (Certificate in Accounting Technicians exam)

Exam level

National level

Conducting Body

Institute of Cost and Management Accountants of India

Commonly Known as

CAT

CAT full form

Certificate in Accounting Technicians

Exam duration

2 hours for each paper

Medium of exam

English

Type of questions

Multiple-choice questions

Number of papers

2 (Paper I and Paper II)

Mode of exam

Home-based Online mode

ICMAI CAT Exam Date 2021

Events

Dates

Last date of receipt of application form without late fee

December 30, 2020

Availability of ICMAI CAT Admit Card 2021

January 15, 2021

Exam dates for ICMAI CAT

January 17, 2021

Declaration of ICMAI CAT Result

To be notified

ICMAI CAT Eligibility Criteria 2021

Before appearing for the ICMAI CAT examination candidates must fulfil the eligibility criteria for taking admission in the Foundation (Entry Level) Part-I of CAT Course. Go through the points of CAT eligibility criteria given below:

  • Students that have passed Class 10th

  • Students that have passed Class 12th

  • Students appearing in Class 12th exam

ICMAI CAT 2021 Application Form

Candidates can fill the application form for ICMAI CAT 2021 online through the official website, icmai.in. The examination fees for Foundation Course (Entry Level) Part-I Examination is Rs. 730. The ICMAI CAT exam fees can be paid through a payment gateways such as Credit/Debit Card or Bank Draft in favour of “THE INSTITUTE OF COST ACCOUNTANTS

OF INDIA.” Candidates need to fill necessary details such as educational details, personal details and scanned passport size photograph. Candidates who apply for the CAT exam within 10 days of the last date of registration will have to pay an addition ICMAI CAT exam fee of Rs. 100.

Application fee

ICMAI CAT course fees

Rs 9,800

Examination fees

Rs 730

ICMAI CAT Syllabus 2021

After filling the application form for CAT 2021, it is important to start preparation using the official ICMAI CAT syllabus. The ICMAI CAT question papers are based on the following subjects.

CAT Syllabus 2021

Particulars

Details

Foundation Course (Entry Level) Part-I

Paper 1: Fundamentals of Financial Accounting.

Paper 2: Applied Business and Industrial Laws

Paper 3: Financial Accounting-2

Paper 4: Statutory Compliance

Competency Level – Part-II

(A) Fundamentals of Computers

(B) Filling of Statutory Returns

(C) Introduction to Costing Principles and Preparation of Cost Statements

(D) 5-days Orientation Programme

ICMAI CAT Exam Pattern 2021

Students who wish to appear for ICMAI CAT exam need to go through the CAT exam pattern. It will be an online examination which will be 2 hours long. There will be two exams for Foundation level and Competency level. The exams have multiple-choice questions.

Exam Pattern

Mode of exam

Online

Duration of exam

2 hours

Type of questions

Multiple-choice questions

Number of papers

2

Number of questions

100 questions per paper

Marking scheme

No negative marking

1 Mark for each correct answer

Number of session each paper

2 (Afternoon and Forenoon)y

ICMAI CAT Admit Card 2021

The admit card for CAT 2021 January session is released on January 15, 2021. Students that complete their CAT Application form before the last date can download the ICMAI CAT admit card from the official website. ICMAI CAT 2021 admit card will be published in online mode only. Candidates can log in using their CAT registration number and password. The admit card for CAT 2021 will consist of important details such as CAT Exam centre, students name, reporting timings, etc. ICMAI CAT admit card is a valid id proof for the CAT course.

Click here for the login page to download the CAT admit card 2021.

ICMAI CAT Exam Centres 2021

ICMAI CAT exam will be held at 52 test centres across the whole country. The CAT Exam centre will be updated on the official ICMAI website icmai.in. The test cities are mentioned in the table below:

CAT Test Centres 2021

Ajmer

Indore

Pudukkottai (TN)

Alleppey

Jaipur

Bhopal

Raipur

Rajahmundry

Kannur

Bilaspur

Kanpur

Chennai

Kasaragod

Sri Ganganagar

Surat

Kolkata

Coimbatore

Cochin

Kollam

Thrissur

Dehradun

Tinsukia

Delhi

Tirunelveli

Kota

Trivandrum

Kozhikode

Kottayam

Dhanbad

Udaipur

Madurai

Vellore

Malappuram

Erode

Durgapur

Faizabad

Visakhapatnam

Muzaffarpur

Vijayawada

Gorakhpur

Wayanad

Idukki

Guwahati

Nellore

Nagpur

Haldwani

Patna

Palakkad

Pathanamthitta

Hyderabad

CAT Result 2021

The result for ICMAI CAT 2021 can be downloaded from the official ICMAI website by using registration details. The result will only be released online and no hard copy will be sent to candidates. Candidates can check ICMAI notifications to check the result a month after the exam.

Verification of ICMAI CAT 2021 answer sheets

Within 30 days of declaration of CAT result 2021, candidates can apply for verification of their answer sheets. Each paper will cost Rs 250 for verification. Only the totalling of marks and omissions are counted as verification of answer sheets. The details of question wise marks are not provided to candidates.

ICMAI CAT 2021 Passing Marks

The question papers for CAT 2021 are based on a certain pass percentage. The pass percentage is given in the table below.

CAT Passing Marks

Standard of passing

Passing Marks

Passing marks in each paper

40% in each paper

Total passing marks

50% overall aggregate

CAT 2021 Marking Scheme

Paper I (100 Marks)

Section A: Fundamentals of Financial Accounting

60 marks

Section B: - Applied Business and Industrial Laws

40 marks

Paper-II (100 Marks)

Section A: Financial Accounting-2

50 marks

Section B: Statutory Compliance

50 marks

ICMAI CAT Internship

CAT course covers and internship scheme of 45 days. Organisations that are prescribed under this scheme can be used for this internship. All registered candidates have to undergo this 45-day internship before appearing for the entry-level Foundation exam for CMAT CAT 2021. Candidates will have to submit the certificate of the internship employer at the end of the course and examination.

Books Recommended for ICMAI CAT 2021 Exam

Students that have gone through the CAT exam pattern and syllabus must be thorough with the books recommended for the CMA CAT 2021 exam. The question papers for ICMAI CAT are based on the given books.

List of Books for ICMAI CAT 2021

Title

Publisher

Author

Paper: Fundamentals of Financial Accounting

  • An Introduction to Accounting

  • Modern Accountancy

  • Financial Accounting

  • Accounting in Business

  • Financial Accounting


  • Vikash

  • Tata McGraw Hill

  • S Chand

  • ELBS

  • Harcourt College Publishers


  • S N Maheshwari

  • Mukherjee & Haniff

  • Jawahar Lal

  • R J Bull

  • Porter and Norton


Paper: Applied Business and Industrial Laws

  • Mercantile Law including

  • Industrial Law

  • Business & Industrial Laws

  • Mercantile Laws

  • Sultan Chand

  • Sultan Chand

  • Taxmann

  • Taxmann


  • N D Kapoor

  • Dr G K Kapoor

  • Sushma Arora

  • Dr V.K. Jain


Paper: Financial Accounting-2

  • Advanced Accountancy

  • Modern Accountancy

  • Advanced Accounting

  • Advanced Accounts

  • Financial Accounting – A Managerial Perspective

  • Advanced Accountancy

  • Financial Accounting Vol. 1& 2

  • Basics of Cost Accounting

  • Oxford University Press

  • Tata McGraw Hill

  • Sultan Chand

  • Sultan Chand

  • Asian Books

  • New Age International

  • New Central Book Agency

  • Sultan Chand


  • Hrishikesh Chakraborty

  • Mukharjee & Haniff

  • Gupta & Radhaswamy

  • Shukla & Grewal & Gupta

  • Dr D. Mukhopadhyay

  • M.E. Thukaram Rao

  • Dr S.K. Paul

  • V.K. Saxena & C.D. Vashist


Paper : Statutory Compliance

  • Direct Taxes Law & Practice

  • Direct Tax Planning and Management

  • Indirect Taxes Law & Practice


  • Taxmann

  • Taxmann

  • Taxmann


  • V.K. Singhania

  • V.K. Singhania

  • V.S. Datey


ICMAI CAT Coaching and Study Material

ICMAI has its coaching centres all across India. Candidates can enrol in their nearest coaching centres to undergo oral coaching. The coaching centres help in equipping the candidates with requisite skills and understanding for the papers covered under this course. The CMA CAT course is provided by 4 regional councils across India. Each subject requires a minimum of 20 sessions in coaching.

The institute also prescribes official CMA CAT study material based on the syllabus of the course. Candidates that register for the CAT course will be provided CAT study material without any cost.

ICMAI CAT Mock Test 2021

The Institute organises a series of mock tests for ICMAI CAT 2021. These enable the students to get an idea of the main exam and see if their system and microphone are compatible with the exam. The mock test for CAT Foundation Course (Entry Level) is conducted on January 13, 2021. Candidates can check the compatibility of their systems from the given link. All the details about the mock test will be updated on the ICMAI official website.

ICMAI CAT placement

The Certificate in Accounting Technicians (CAT Course) is a short term course which includes knowledge areas, oral coaching, self-assessment opportunities, ICMAI CAT mock test, internship for 45 days and 5 days of the oriental programme. Students who successfully complete this course can get ICMAI CAT placement in entry-level accounting sectors. These jobs provide a good ICMAI CAT salary as well. The average minimum salary for ICMAI CAT 2021 is 3 to 4 lacs per annum. Some of the areas of placement for ICMAI CAT exam candidates include:

i. BPO’s and KPO’s

ii. Small & Medium Enterprises

iii. Retail

iv. Filing of Returns under Companies Act

v. Panchayats Accounting and Book-keeping

vi. Tax Return Prepares

vii. Filing of Returns under Income Tax, GST and Custom Acts etc

viii. Export & Import documentation etc

Frequently Asked Question (FAQs)

1. When will I receive my CAT pass certificate by ICMAI?

Candidates can receive CAT pass certificate after completion of the examination, assessment test, 3 months of internship, computer training and 5 days of the orientation programme.

2. I am a recent college graduate. Can I take admission in the competency level II of ICMAT CAT 2021 under the syllabus 2012?

No, all the students need to take admission in Foundation level of CMA CAT as there is no direct admission in competency level.

3. What is the ICMAI 2021 CAT exam pattern?

As per the CMA CAT 2021 exam pattern, the question paper will be hosted online and consist of multiple-choice questions.

4. What is the pass percentage for ICMAI CAT 2021 exam?

At Foundation (entry-level -I) candidates that score 40% in each paper and an aggregate of 50% will be considered as passed.

5. How long will my ICMAI CAT registration remain valid?

The candidate can appear for CAT 2021 exam within three years from the date of their registration. Candidates will have to apply for re-registration after the expiry of their registration for their CAT course.

6. I am a student of CAT course under the old syllabus 2008. Can I apply for the CAT course under New Syllabus 2012?

Students that qualify the Level 1 (Entry Level) under old syllabus 2008 will be eligible to appear for the assessment test for the Competency Level II under New Syllabus 2012.

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