Ask & Answer: India's Largest Education Community

Hi,
C.A stands for Chartered Accountant. A Chartered Accountant is a person who is specialized in auditing, taxation and accounting. He also performs as a management and corporate caretaker. Currently accountancy as a profession has become more popular. Even in small companies and businesses the services of a Chartered Accountant is required for money matters.
Besides according to Company Act Chartered Accountant professional are the only professionals who can be recruited as auditors for companies in India. A chartered accountant is a individual who is accepted as a associate of the Institute of Chartered Accountants of India (ICAI) after passing the Final examination of the Chartered Accountancy course which is conducted by the institute.
ICWA stands for Cost and Work Accountancy. On 28th May, 1959 the Institute of Cost and works Accountants of India (ICWAI) was setup under the Cost and Works Accountants Act, 1959. Cost and Work Accountants structures the business policy of a company and to give a forecast for projects to be carried out on the basis of past and present financial performances.
Few courses in CA and ICWA : -
Foundation course of ICWAI
Foundation course in Company secretary
Intermediate course of ICWAI
Basic Eligibility
CA: -
For pursuing this program a student should pass in senior secondary examination (10+2) or equivalent examination. Commerce graduates with Auditing, Commercial law, Accountancy are also eligible for pursuing this program.
ICWA:-
For pursuing this program a student must have completed 17 years of ages and must have passed the senior secondary examination (10+2) of any board recognized by the Central or State government.
Few specializations in these fields are: -
CS - Tax laws, Economic laws, Labour laws, Company law
ICWA - Statistics, Tax laws and Tax planning , Auditing, Cost and management accountancy
Job Prospects
CA – All those companies which are registered under the Companies Act are required to get their accounts audited only by practicing Chartered Accountants. So a qualified Chartered Accountant has the opportunity to join the Government Service, Public Sector and private sector.
Few job types under this field: -
*Finance Managers*Financial Analysis*Financial Planning*Financial Advisors*Directors
Financial Controllers
ICWA – ICWA candidates are in huge demand in private companies, pharmaceutical, banking sector, finance sector, government sector, and education as well as in public utility