ICWAI/ICMAI 2020- Exam Merge of June and Dec, Courses, Eligibility, Registration
ICWAI 2020 - The Institute of Cost and Works Accountants of India (ICWAI), now known as the Institute of Cost Accountants of India (ICMAI). ICWAI is a professional accountancy body which offers Cost and Management Accountancy courses and conducts CMA examinations biannually. Students who wish to pursue a career in this field can enrol themselves for ICWAI courses and take CMA exams in June or in December of each year. This year, June 2020 and December 2020 sessions of CMA have been merged and now will be conducted in December 2020. As per ICWAI exam dates 2020, intermediate and final course exams will be organized from December 10 to 7, 2020. Exams of each group will be conducted on separate dates.
Latest: Click here to download ICWAI 2020 time table for CMA intermediate and final programme.
About CMA course: Cost and Management Accountancy course is divided into 3 distinguishable levels - CMA Foundation, CMA Intermediate, and CMA Final. ICWAI provides the curriculum for these stages on their official website - icmai.in. Admissions to ICWAI and exam registrations are also carried out online on this website. Each of the CMA programmes offered by ICWAI has a separate course fee and predetermined eligibility criteria which the aspirants must fulfil in order to register for the programmes. Know more details about ICWAI and CMA 2020 exams in the article below.
ICWAI 2020 Exam Dates
The exam authorities have merged the June and December session of all the ICWAI exams. Candidates can check the paper-wise schedule of ICWAI exams below.
ICMAI Exam Dates (December 2020)
|Exam Dates||Intermediate Subject (10 am to 1 pm)||Final Subject (2 pm to 5 pm)|
|December 10, 2020||Financial Accounting (P-05)||Corporate Laws & Compliance (P-13)|
|December 11, 2020|
Operations Management & Strategic Management (P-09)
|Corporate Financial Reporting (P-17)|
|December 12, 2020||Laws & Ethics (P-06)||Strategic Financial Management (P-14)|
|December 13, 2020|
Cost & Management Accounting and Financial Management (P-10)
|Indirect Tax Laws & Practice (P-18)|
|December 14, 2020||Direct Taxation (P-07)||Strategic Cost Management – Decision Making (P-15)|
|December 15, 2020||Indirect Taxation (P-11)||Cost & Management Audit (P-19)|
|December 16, 2020||Cost Accounting (P-08)||Direct Tax Laws and International Taxation (P-16)|
|December 17, 2020||Company Accounts & Audit (P-12)||Strategic Performance Management and Business Valuation (P-20|
ICWAI 2020 Courses Details
The three levels of ICWAI courses are listed below. As per ICWAI eligibility criteria, an aspirant must have at least passed class 12th. The criteria further vary from level to level. Aspiring candidates can check the ICWAI eligibility requirements for each of the levels followed by the list of courses on the three levels.
ICWAI Eligibility Criteria
The exam authorities accept admissions to ICWAI courses throughout the year. Candidates are supposed to fill the application forms and post them to the Regional Councils of ICWAI. Candidates can also enroll themselves online on the official website. Aspirants willing to register for any of the courses must go through the eligibility criteria to avoid rejection at any further stage of the selection process. Candidates are required to upload certain documents while registering. The list for the same has been provided below -
Documents required for ICWAI registration
Attested Copy of Matriculation Certificate
Attested copy of 10+2 Certificate or Marks Statement
Attested copy of the degree (for Intermediate level)
3(Three) Passport size photographs - (One pasted on the application form, one pasted on identity card and one to be attached with application)
Scanned images of photograph and signature for online application
Uploadable files (.pdf, .jpg, .jpeg, .bmp) of marksheets and degree certificates for online application
Candidates must note that they will have to register for the CMA examinations separately on the dates decided by the exam body online.
Click here for more information on ICWAI Admissions.
ICWAI Fee Structure 2020
The tuition fee of ICWAI course differs for each level. The level-wise ICWAI course fees have been provided in the table below for the convenience of interested students.
ICWAI Course Fee
Amount to be paid
ICWAI Exam Form Fee (December 2020)
Enrolled candidates have to register for the exams separately. They must also pay an exam form fee which is not included in course fees of ICWAI. Candidates can choose to appear for one group (of CMA Intermediate and CMA Final levels) only or both groups simultaneously. CMA exam form fee for each level has been provided below.
ICWAI December 2020 Exam Fees
Application fee for centres in India
Application fee for overseas centres
Intermediate (1 group)
Intermediate (2 groups)
Final (1 group)
Final (2 groups)
ICWAI - List of Subjects/ Papers
There are a bunch of subjects/ papers at each level of the CMA course. There are a total of 4 papers in CMA Foundation and 8 each in CMA Intermediate and CMA Final. The papers included in the Intermediate and Final stages are divided into two groups. Candidates can choose to appear for one group in one cycle of the exams and the other one in a different cycle or can choose to take both groups in one cycle. Candidates can check the list of subjects in the tables below.
ICWAI CMA Foundation Papers
Paper 1 - Fundamentals of Economics and Management
Paper 2 - Fundamentals of Accounting
Paper 3 - Fundamentals of Laws and Ethics
Paper 4 - Fundamentals of Business Mathematics & Statistics
ICWAI CMA Intermediate Papers
Paper 5 - Financial Accounting
Paper 9 - Operations Management & Strategic Management
Paper 6 - Laws and Ethics
Paper 10 - Cost & Management Accounting and Financial Management
Paper 7 - Direct Taxation
Paper 11 - Indirect Taxation
Paper 8 - Cost Accounting
Paper 12 - Company Accounts & Audit
ICWAI CMA Final Papers
Paper 13 - Corporate Laws & Compliance
Paper 17 - Corporate Financial Reporting
Paper 14 - Strategic Financial Management
Paper 18 - Indirect Tax Laws and Practice
Paper 15 - Strategic Cost Management - Decision Making
Paper 19 - Cost and Management Audit
Paper 16 - Direct Tax Laws and International Taxation
Paper 20 - Strategic Performance Management and Business Valuation
Frequently Asked Question (FAQs) - ICWAI/ICMAI 2020- Exam Merge of June and Dec, Courses, Eligibility, Registration
Question: Can I pay the CMA Intermediate course fee in installments?
Yes, candidates can pay the course fee of CMA Intermediate in 2 instalments. The first instalment must be of Rs. 12,000 while the second has to be of Rs. 8000.
Question: What is the last date to register for ICWAI December 2020 examinations?
The last date to apply for ICWAI 2020 is October 10, 2020.
Question: What is the exam form fee for CMA Final exams?
Candidates must pay Rs. 1400 if they want to appear for one group only and Rs. 2800 for both the groups as CMA Final exam form fee.
Question: Who can apply for the CMA Intermediate course?
A candidate who has completed class 12th and graduation in any discipline except fine arts can apply for CMA Intermediate, given that they have cleared the Foundation level. CS Foundation and CA Intermediate qualifiers can directly apply for CMA Intermediate.