Career Prospects

Cost and Management Accountants are holding key position in Central and State Governments. In the matter of employment, promotion and prospects, Cost Accountants are recognized by the government, public and private sectors for placement at various levels in the fields of Accounting and Management functions. . In today's world, the profession of conventional accounting and auditing has taken a back seat and accountants increasingly contribute towards the management of scarce resources like funds, land and apply strategic decisions. This has opened up further scope and tremendous opportunities Cost and Works accountants to shoulder responsibility as Cost and Management Accountants in accordance with new dimensions and vision here in India and abroad. Members of this profession are the driving force in the team of management while in employment and a key consultant, an effective Cost and Management Auditor and an appropriate advisor in place. The specialization in costing is an added catalyst for a successful manager and a policy maker. There is a sustained demand for qualified, trained and experienced cost accountants. Realizing the importance of the profession of the Cost and Management Accountancy in the economic development of the nation, the Central Government has constituted an all-India cadre known as Indian Cost Accounts Service (ICAS) at par with other Class-I services such as IAS, IFS etc. to advise the government in cost pricing and in framing the appropriate fiscal and tax policies.


Course Overview: (Total Duration: 3 years)


Foundation

4 Papers

Exams in June & December

Intermediate Level

6 papers

Exams in June & December

Final Level

8 Papers

Exams in June & December

Practical Training

3 years

Before, during or after the course

 

Eligibility:

 

Foundation Course:

Intermediate Course:

Eligibility for Admission:
a) 17 years of age; and
(b) Passed Senior Secondary Examination under 10+2 scheme of a recognized Board
Incumbents waiting for the result can apply for provisional admission

Eligibility for Admission:
(a) is not less than 18 years of age; and
(b) has passed degree Examination of any recognised University or equivalent
Incumbents waiting for the result can apply for provisional admission

 

Admission & Exam:

Registration is open throughout the year. Batches begins in January and July for June & December exams respectively.


Course Content:

Foundation

  1. Organization & Management Fundamental
  2. Accounting
  3. Economics & Business Fundamental
  4. Business Mathematics & Statistics Fundamental

Intermediate
Group I

  1. Financial accounting
  2. Commercial & Industrial Laws and Auditing
  3. Applied Direct Taxes

Group II

  1. Cost & Management Accounting
  2. Operation Management & Information System
  3. Applied Indirect Taxes

Final
Group III

  1. Capital market Analysis & Corporate Laws
  2. Financial Management & International Finance
  3. Management Accounting – Strategic Management
  4. Indirect & Direct- Tax Management

Group IV

  1. Management Accounting – Enterprise Performance Management
  2. Advanced Financial Accounting & Reporting
  3. Cost Audit & Operational Audit
  4. Business Valuation Management

To know more about the course and details relating to enrollment into the ICWA course click here

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