What is the difference between ICWA and CMA?

No difference, both the courses are same. They have just changed their name, ICWA (Institute of cost and works accountant of India) changed its name in to The Institute of Cost Management Accountants of India (ICMAI) and also ICWA course changed into CMA course. They are two different words used to describe one single thing. ICWAI stands for Institute of Cost and Work Accountant of India whereas CMA stands for Cost Management Accounting. There are 3 stages in ICWA course i.e., MA Foundation, Inter and Final. If anyone wants to do cost management accountants then they should complete these three stages of ICMAI course. Students who have cleared 10+2 are eligible for the ICMAI Foundation exam. The Institute of Cost Accountants of India conducts ICMAI Foundation exam two times in a year in the months of June and December. If you have passed ICMAI Foundation exam, then you are eligible for ICMAI Inter. If you have any graduate degree, you are exempted from ICMAI Foundation exams. You can directly enter into ICMAI Inter.

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There isn’t much difference in these courses. ICWA is Indian Institute of Cost and Work Accounts and CMA is generally used for cost accounting professionals of CMA US.

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<p>There is no difference between ICWA and CMA. The Institute of Cost and Accounting, commonly known as ICMAI, was earlier known as the Institute of Cost and Work Accountant of India (ICWAI). The institute with the name ICWAI, offered the course terming it as ICWA. With change in the name of the institute to ICMAI, the course name has been changed to CMA.&nbsp;</p><p>Thus, there is no difference between CWA and CMA. Both are the same courses, only the name has been changed in the previous years. Similarly, ICWAI and ICMAI are the same institute with changes in names over the years. Besides the nomenclature, there is no change in the literal meaning.</p><p>There are 3 stages in CMA course, including the Foundation, Inter and Final courses.&nbsp;Candidates who wish to become a certified Cost and Management Accountant in India must complete all three levels of the CMA course.</p>

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Hi, The general opinion is that CA is tougher than the course in Cost Accountancy organized by ICWA (Institute of Cost and Work Accountants of India) now known as ICAI (Institute of Cost Accountants of India). While this may be true, the option to pursue a combination of both courses is also open for people but you can practice only one of the two. If you are serious about pursuing a career in accountancy, it is also important to understand how these two qualifications differ, and what would be the best option for you if you have just finished your 12th standard. All the best.

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Hi, The Institute of Cost Accountants of India (ICAI) [formerly known as the Institute of Cost &amp; Works Accountants of India (ICWAI)] is a premier statutory professional accountancy body in India with the objects of promoting, regulating and developing the profession of Cost Accountancy. It is the only licensing cum regulating body of Cost &amp; Management Accountancy profession in India. Cost &amp; Management Accountancy (CMA) is the primary qualification of the ICAI and following completion of up to three levels (Foundation, Intermediate and Final) examinations and three years of practical training in areas like Management Accounting, Cost Accounting, Financial Accounting, Taxation, Audits, Corporate Laws etc. enables an individual to become a Cost &amp; Management Accountant. In India there is no such difference between ICWA and CMA. CMA is a new name for Cost and Management Accountants which was previously know as Cost and Work Accountants. You can also refer to this video available on YouTube to clear your doubts: <a rel="nofollow" target="_blank" href="https://www.youtube.com/watch?v=nHTmf2XGFog" style='word-wrap:break-word;'>https://www.youtube.com/watch?v=nHTmf2XGFog</a>

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Hi, There is no such difference between ICWAI and CMA. They are two different words used to describe one single thing. ICWAI stands for Institute of Cost and Work Accountant of India whereas CMA stands for Cost management accounting. Apart from the literal meaning there is no difference at all. Cost and management accounting (ICWAI or CMA) is a course in which you create a more advanced understanding about the Management accounting, auditing and cost accounting. The courses main focus is on Cost accounting; however, there are various other subjects related to finance that you will get to learn part from cost accounting but cost accounting is the mainframe subject. After the successful completion of the CMA or ICWAI you can become a Cost accountant of any reputed company/organisation and will be able to gradually help the company in navigating the cost of production and using the effective methods to decrease it as per the plan.

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There is no such difference between ICWA and CMA. ICWA stands for Institute of Cost and Work Accountant and CMA stands for Cost management accounting. This is the course where it create a more advanced understanding about the Management accounting, auditing and cost accounting. The main focus of this course is on cost accounting and other subjects relating to finance. After completing your CMA course, you can become a cost accountant and can work with companies and industries. There are a total of 65 learning centers all over India. For passing CMA, there are a total 4 stages- 1st stage is foundation level, 2nd stage is Intermediate and after completing Intermediate level, 3rd stage is of articleship which is for 6 months. After completing your articleship and passing both group of Intermediate level, only you can apply for the 4th stage which is the final.

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