They are held in 3 stages which are mainly: Foundation, Intermediate and Final.
Students can appear for the foundation post completion of the 12th standard exams and after completing the coaching either oral or postal. they would then be tested in Organisation and Mangement Fundamentals, Financial Accounting, Economics and Business, Business Mathematics and statistics. Foundation need not be written if the candidate is a gazetted officer, post graduate, qualified engineer holding a degree or a graduate from other streams. The candidates need to register with the ICWAI institute for the intermediate exam and should undergo coaching directly or through a correspondence before they appear for the exam.