How will i get enrolled in ICWAI course ? What are the job opportunities after completing ICWAI inter or final?

Hi Abhijit, ICWAI stands for “The Institute of Cost and Works Accountants of India”. ICWAI is one of the most essential management services i.e. Cost Accounting. 1. Collection. 2. Assimilation. 3. Collation. 4. Analysis of Financial information from all areas of an organization are the functions of a cost accountant. An organizations success or failure is dependent on the quality of information made available to the management. This is where cost accountants productivity is of vital importance to the company. It is his primary job to ensure that managerial decisions are well within the cost prescriptions. The cost accountant is expected to give a prognosis for projects to be undertaken based on past and present financial performances. In order to do this a cost accountant needs to take into account factors like: 1. Cost of Raw Materials. 2. Labor. 3. Transport. 4. Overheads, etc. To get enrolled in ICWAI you need to be: 1. 17 years of Age. 2. Passed Senior Secondary Examination under 10+2 scheme of a recognized Board are eligible for certificate course. Incumbents waiting for the result can apply for provisional admission. 3. Intermediate- person is not less than 18 years of age and has passed degree Examination of any recognized University or equivalent, Incumbents waiting for the result can apply for provisional admission. ICWAI was incorporated under the Cost and Works Accountants Act, 1959 and was accorded statutory recognition with the objectives of promoting, regulating, and developing the Profession of Cost and Works Accountancy in India. In India cost accountancy is not much popular as in foreign countries but it’s an inseparable part of every manufacturing company. ICWA candidates can serve the private companies or government departments in India. Also there is a major scope in the sector of Insurance or Private banking as well as government banking. ICWA is a recognized qualification from all of the government universities in India. You can hold top Management positions, Viz. 1. Managing Director. 2. Finance Director. 3. Financial Controller. 4. Accountant. 5. Cost Controller. 6. Finance Manager/ 7. Chief Internal. 8. Auditor, etc. For more information please visit the below mentioned link: <a href="https://www.shiksha.com/getArticleDetail/2009/Cost-Accountancy-For-A-Career" style='word-wrap:break-word;'>https://www.shiksha.com/getArticleDetail/2009/Cost-Accountancy-For-A-Career</a> Feel free to raise more questions. Appreciate by giving it thumbs up or marking as best. All the Best.

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Hi Abhijit, Eligibility to enroll in ICWA: - For the Foundation course, a pass at the 10 + 2 or Senior secondary or intermediate examination of a Board/University recognized by the Central Government or State Government or equivalent examination as recognized by the All India Council of Technical Education or National Council of Higher Education. - For Intermediate, the minimum academic qualification required is a pass at the 10 + 2 +3 level or at the foundation level examinations. - For the Final course, there is no restriction on other academic pursuits. This level of the courses can be pursued along with any graduation or Post Graduation Courses. Career Prospects: Increase in awareness about contributions cost accountants can make to attain business objectives has resulted in the increasing demand for cost accountants in all sectors of the economy. The topmost positions companies can offer to experienced professionals are that of a Managing director, Finance Director, Financial Controller, Chief Accountant, Cost Controller, Marketing Manager, Chief Internal Auditor. The salary package of cost accountants can vary from 4 lacs to 6 lacs per annum. Cost consultancy and teaching offer good work options. Graduates with ICAI qualification can register for an M. Phil or Ph D programme in commerce. Cost and management accountants work in the all India cadre known as Indian Cost Accounts Service (ICAS). Hope it helps. Please feel free to revert. Click on the thumbs up if you found this useful. Wish You Luck!

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