About Results and Exemption

When Declared? What Information is Available? How to Get it?

The main examinations are conducted twice every year generally on specified dates which do not change except under extraordinary circumstances. The results of these examinations are generally scheduled to be declared as follows:
The results are expected to be declared within 60 to 75 days (2 to 2 ½ months) from the examination date.
Tentatively they may be declared between

• Results of June Examination: — Between 2nd and 3rd week of August
• Results of December Examination: — Between 2nd and 3rd week of February

Information Available – How to get it?

The results would be hosted on the Institute’s [CWA/ICWA] web sites and would also be displayed at the offices of the institute, its branches, chapters, and also the offices relevant to the examination center where you have appeared for the examination.

Main/Final Examination : Qualifying Marks - Pass Marks in each part/section Separately

A student is required to get a minimum of 40 marks in each paper (not subject) and an aggregate of 50% in all the papers of a group together to qualify in the examination.

Passing the Final Level

A candidate is considered to have passed the the Final level of these courses if he passes both the groups constituting this level. He/she may get through the groups in one or more attempts either together or separately.

Passing only one Group

A student is said to have passed one of the groups if he secures "a minimum of 40 marks in each paper and an aggregate of 50% in all the papers of that group"

Passing both Groups

There is no provision for clubbing the marks of both the groups together for assessing the result of the examination, even if the student has written all the papers of both the groups at the same time. Each group will be treated as a separate entity for the purpose of declaring the student as having passed the examination.

One Group

Case	Papers				Total	Result	Explanation
	I	II	III	IV
A	40	40	40	40	160	Fail	Passed in all. Aggregate < 50%
B	54	40	43	42	179	Fail	Passed in all. Aggregate < 50%
C	65	35	56	80	236	Fail	Passed in all. Aggregate < 50%
D	40	40	40	80	206	Pass	Passed in all. Aggregate ≥ 50%
E	45	56	60	55	216	Pass	Passed in all. Aggregate ≥ 50%

Papers with two or more subjects involved

Where a paper contains two or more parts (each part may be a separate subject or otherwise) with the total marks of 100 divided between the parts a candidate is required to get the minimum marks in all the parts together.
There is no need for the student to maintain a minimum pass mark in each part separately.

Example

Group III - Paper 11: Capital Market Analysis & Corporate Laws [100 marks]

• Section I : Capital Market Analysis (60 Marks)
• Section II : Corporate Laws & Governance (40 Marks)

The student is required to get the minimum of 40 marks in the two sections together. There is no minimum for each section .

Marks Sheet and Pass Certificates

Marks Sheet

All the students irrespective of their result, (whether they pass or fail the examination) will receive a marks list indicating the marks obtained in each subject/paper.

Pass Certificate

All the candidates passing in both the groups of this level would also receive in addition to the marks memo, a pass certificate as a proof of passing the level. This will be sent by post to the address mentioned in the application for examination.

Membership Certificate

Membership certificate which indicates that the candidate is a member of the institution is different from the above pass certificate. To get this certificate the candidate should satisfy some other additional conditions and undergo practical training as needed.

Verification of Answer Papers

Information as to whether a candidates answers to each question in any particular subject or subjects at any examination have been examined and marked or not may be supplied to a candidate.

Time Limit for making application

A candidate may apply to the institute within a period of 30 days from the declaration of the results of the examination.

Verification Fee

The fee for verification is Rs.100 per paper.

Application

Application should be made in the prescribed form and should be sent along with the requisite fee.

Where to obtain the Application:

Where to send the Application:

Note:

Revaluation of answers is not permissible and the fee is only for verifying whether all the answers of the examinee have been valued or not and whether the counting of total marks is correct or not.

Marks Sheet Lost , Getting a Duplicate

There is a provision for obtaining a duplicate marks sheet.

Time Limit for getting a duplicate marks sheet

A duplicate marks sheet/pass certificate can be obtained from the institute within a period of 5 years from date of declaration of the concerned examination results. After 5 years, the student can get his duplicate marks sheet in transcript form only.

Fee

The fee for obtaining a duplicate marks sheet/pass certificate is Rs. 50 for each such certificate. After 5 years Rs. 200

Mode of Payment

Payment should be made through a DD in favour of “The ICWA of India” payable at Kolkata

Application

Application should be made in a plain paper mentioning applicant's Date of Birth, Regn.No., Roll No., Term/Year of examination and address

Where to send the Application

The application along with the fees paid should be send to “Director (Examinations),The ICWA of India, 12 Sudder Street, Kolkata 700016”.

Re-Exam on Failure

The normal procedure to be adopted in case of failure by a student is to reappear in all the papers of a that group in which he/she has not qualified.
However a student may be exempt from appearing in one or more papers of a group in the subsequent examinations, on account of having scored high marks (more than 60%) in the examination in which he/she was declared failed.
One should note that a student may also be exempt from appearing in one or more papers of a group on account of having specified academic qualifications.

Exemptions on Getting High Marks

A candidate who obtains more than 60% of marks in any paper or papers and a minimum of 25% of marks in all the remaining papers of that group in which he has appeared shall be exempted from appearing in that paper in the subsequent examinations.

The candidate is required to obtain a minimum of 40% in each paper and an aggregate of 50% in the total of the remaining subjects of the group in the subsequent examinations.

Example

An Attempt

Say a student has obtained the following marks in an examination
I - 65, II - 35, III - 30; IV – 40 ; Total = 170. [Aggregate < 50% → Fail]
Since the student has got marks 60% in Paper I and has also got the minimum required in other papers i.e. ≥ 25% in Papers II and III, he/she will be exempted from appearing in Paper I in the subsequent examinations.
In the next exam the candidate is required to appear only in papers II, III and IV and get a minimum of 40% and aggregate of 50% (total of 150) in the papers II,III and IV together.

Next Attempt

Say the student has obtained the following marks in the subsequent exam

1.     Case 1

The student may obtain marks required to pass the examination.

II - 54, III – 58; IV – 45 Total = 157. [Aggregate ≥ 50% → Pass]

2.     Case 2

The student may fail the examination but still obtain an exemption in one more papers additionally.

II - 30, III – 65; IV - 42 Total = 137. [Aggregate < 50% → Fail]

The student fails the examination. Here there is a scope for exemption in Paper III since the student obtained ≥ 60% and has got a minimum of 25% in the other papers.

In the next exam the student is required to appear only Papers II and IV and get a minimum of 50%.

3.     Case 3

The student may fail the examination and not get any new exemptions.

II - 20, III – 65, IV – 15 Total = 100. [Aggregate < 50% and Failed in Paper II and IV → Fail]

Special Case » Failing after Getting an Aggregate ≥ 60%

Where a student who has appeared in all the papers of a group has failed in one paper but obtained a minimum of 60% of the total marks of the remaining subjects (not in each subject) shall be declared to have passed in that group if he secured 50% marks in that paper in which he failed in any subsequent examination.

An attempt

I - 55, II - 35, III - 72 Total = 162. [Aggregate > 50% → Fail]
Has got 60% in I and III together (i.e. the other subjects).
In the subsequent exams the student needs to appear only in paper II and get a minimum of 50% in it to pass in the group.

Claiming and Foregoing Exemptions

Exemptions on account of Possessing other Qualifications

The student has to make specific mention of the same at the time of registration and claim exemption.
The requisite fee for the same should also be paid in addition to the regular registration fee.
A candidate who is eligible for exemption by the virtue of possessing the relevant qualifications should pay an exemption fee of Rs. 200 per paper in which exemption is being claimed and make an application on or before the last date for submission of enrolment application for the particular examination.
Attested copy of the relevant qualification should also be attached with the application for claiming exemption.
The examination fee for a group should however be paid in full. There is no reduction in the examination fee for the papers in which the student has been exempted.

Exemptions on Getting High Marks

To claim exemption on account of scoring high marks, a student has to mention the same in the application for examination at the time of making the application for the subsequent exams.
Since there is no reduction in fee for exempted subjects either on account of having other qualifications or on account of having scored high marks in prior examinations, care should be taken to ensure that the relevant columns are properly filled in the examination application.

Foregoing Exemptions

A student if he so desires can forego the exemption he has in a subject by mentioning the same in the application for examination, i.e. by ignoring the column where the details relevant to claiming exemptions are to be filled.
The benefit once foregone cannot be availed in the subsequent attempts.

Paper Wise Exemption based on other qualifications held

Exemption From Final!!!

No one is exempt from studying all the papers at this level i.e. there is no qualification which would enable a student from bypassing the intermediate level and going 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.
Paper 12: Financial Management & International Finance
Paper 14: Indirect & Direct – Tax Management

What are these? When/Where to take up? Registration!!

Objective

With a view to bridge the gap between theoretical knowledge and practical experience and to emphasis practical orientation in the curriculum, compulsory training and attendance in certain aspects relating to modern day environment of business has been introduced.
These trainings are to be taken up at different levels. Some at the Inter_PE-II level, some at the final level and some other after completing the course.

Kinds of Trainings

Each institute has its own set of training requirements.
Only the CWA/ICWA course has a compulsory training requirement for appearing at the final examinations.

§  CWA Final :

1. Dissertation
2. Computer Hands on
3. Modular Training and
4. Audit/industrial training

Note that there are a different set of training requirements for all the three courses after the student has completed the Final level.
The training requirements given here relate to those required for appearing in the final examination only.

Are they Compulsory?

§  CWA Final :

Yes, Compulsory

For the purpose of obtaining the CC for appearing in the Final examination, students are required to undergo compulsory training in computers, undergo Modular Training, Audit/Industrial Training and submit a dissertation.

Where to Take up?

§  CWA/ICWA Final :

1. Dissertation
2. Dissertation is to be conducted under the guidance of persons specified by the institute.
3. Computer hands on

The training can be taken up at the notified branches or chapters of the institution where such a facility is available or from any computer training institute recognized by the institutes for this purpose.

4. Modular Training

They are to be attended at the regional councils or authorized oral coaching centers

5. Audit/Industrial Training

To be attended in an existing industrial concern under the intimation to the respective regional council or chapter as applicable.

Registration Requirements

§  CWA/ICWA Final

The student should get himself registered with the respective institutes by paying the prescribed fee in addition to getting oneself admitted for the purpose of training.

1. Computer Hands On

A a student has to register with the institute in addition to taking up training.

2. Others

There is no registration fee as such payable to the institute. But the students are charged certain fee towards the costs of training as given under their details.

Computer Hands on Training

Course Duration

The duration of the course as specified by the Institute for the training at this level is 100 hours. [A separate computer training programme during the pursuance of the Intermediate course is also to be done which makes the total training time as 150 hours with 50 hours during Inter and 100 hours during the final.]

Fee:

The fee may vary depending on the training institute the student attends. This may be in the range of Rs.4000 to Rs.6000.

Students Exempt from taking up this training:

Students having 'A' level certificate or above of DOEACC or any post graduate degree or diploma obtained from any institutions recognized by the institute would be exempt from appearing at such training.
They may however be required to undergo certain modules of the training. The students eligible to undergo such computer training would be required to have training with recognized institutions as notified by the Institute from time to time.
The list of such institutes can be obtained from the nearest branch or chapter of the institute.

Modular Training

Duration:

15 days.

Where to attend:

The regional council and chapters who have permission to conduct oral/postal coaching in the final examination are authorized to conduct the Modular training. The details of the same can be had from the nearest oral coaching center.

Fee:

Rs.2000 at the maximum.

Audit/Industrial Training

Duration:

6 months.

Where to attend:

The students have to themselves arrange for such a training in an existing industrial concern under the intimation to the respective regional council or chapter as applicable.

Areas of training:

Training should cover the following areas:

1. Orientation of the organisation
2. Cost and Management Accounting areas
3. Financial Accounting area
4. Management Accounting area and
5. General Office Services

Dissertation

Dissertation = Thesis, paper, study, critique, essay, exposition, tract.

Topics:

The topic for dissertation would be as per the choice of the student himself but within the curriculum of the stages.

Under Whom:

Dissertations should be conducted under the guidance of a person having any of the qualifications viz., FICWA University Professor, Associate Professor, Officers in the rank of Dy. Secretary and above in respect of the State or Central Government, Officers in the rank of DGM/Vice-President in respect of Private or Public Sector organisations as applicable..

Selecting the Guide:

The student would be required to select the guide to examine his/her dissertation. However the regional councils or oral coaching centers having permission to conduct oral or postal coaching in the Final course may issue introductory letter to the students on request.
The regional council/chapters would maintain a list of such persons selected as guide for such dissertations.

Submission:

A copy of the papers submitted by the student would be kept with the Regional council/chapter in the Library for future reference, and a list will be sent to the Director of studies at the Head Quarters, Kolkata.

Fees:

No fee is to be charged for such type of dissertation.

Certificate

While issuing certificate for dissertation, the regional council/chapter would mention the topic in the respective dissertation.