Shiksha Top Questions Accounting & Commerce

What is the difference between ICWA and CMA?

5.1K Views|Posted 8 years ago

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Answered by

Juhi Bansal | Guide-Level 14

8 years ago

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

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Answered by

Abhishek Dhawan | Contributor-Level 10

2 years ago

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 instit

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Answered by

Ankur Kumar | Guide-Level 13

8 years ago

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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Answered by

Sarthak Sachdeva | Beginner-Level 4

8 years ago

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 f

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Answered by

Heeral Garg | Beginner-Level 4

8 years ago

Hi, The Institute of Cost Accountants of India (ICAI) [formerly known as the Institute of Cost & 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 o

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Answered by

Pulkit Taneja | Beginner-Level 4

8 years ago

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. Co

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Answered by

Rohit Kothawade | Guide-Level 13

8 years ago

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 thi

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