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Introduction
The Cost and Management Accountants facilitate strategic management decision in respect of economic activities of an organization by their sheer expertise. Study of Cost & Management Accountancy provides in depth knowledge and perspective to manage business under given circumstances. This is a field which provides satisfaction in terms of position as well as remuneration for successful candidates.
Course : The course is divided into Intermediate and Final with eight papers each. Both has two Stages with 4 papers each. According to the revised syllabus, along with the 8 papers in the Intermediate, two group discussions, two seminars and also computer Hours(50) has been included.
After one clears all the eight papers in the Intermediate, one can go in for the final. In the final along with the 8 papers; Dissertation (5000 words), Computer (100 hours ), Modular training (15 days ),Audit / Industrial training (6 months) is included.
10+2 candidates has to complete the Foundation Course of the institute to join the Intermediate course.
Eligibility: Candidates with 10+2 qualification can join the Institute's Intermediate course after qualifying the Foundation Course examination of the Institute. Students awaiting result of 10+2 examination may be permitted to appear in the Foundation Course examination. Similarly students awaiting result of Graduation examination may also avail the facility of provisional registration. Direct Registration without appearing for the Foundation course is open to Graduates of any discipline.
Examination: Examinations held twice in a year during the month of June and December and are conducted at various centers of the country and also at three Overseas Centres –
Job Prospects : ICWAI passed candidates can hold top management positions, Viz. Managing Director, Finance Director, Financial Controller, Accountant, Cost Controller, Finance Manager, Chief Internal Auditor etc. in public and private sector organisations. Fellow members of the Institute would be treated at par with the persons holding Ph.D. degree as far as appointment in the posts of Professor, Associate Professor, Reader, Asstt. Professor and Lecturer in Professional / Management Institutes are concerned.
They can also find self employment in the following areas.
· Mandatory Cost Audit under Section 233(B) of the Companies Act, 1956.
· Certification under Export & Import Policy.
· Excise Audit under Section 14A of the Central Excise Act and Special Audit of Modvat Credit availed of under Section 14AA of the Central Excise Act.
· Certification of manufacturing account as per Customs Act.
· Consultancy assignments.
Subjects Covered : Foundation Course:—
1. Organisation and Management Fundamentals
2. Financial Accounting Fundamentals
3. Economics and Business Fundamentals
4. Business Mathematics and Statistics Fundamentals
Intermediate Course: (Stage I)
5. Cost and Management Accounting
6. Information Systems and Technology
7. Business Laws and Communication Skill
8. Business Taxation
Intermediate Course: (Stage II)
9. Management Accounting – Performance Management
10. Advanced Financial Accounting
11. Auditing
12. Quantitative Methods
Final Course: (Stage III)
13. Operations and Project Management & Control
14. Advanced Financial Management and International Finance
15. Strategic Management and Marketing
16. Strategic Tax Management
Final Course: (Stage IV)
17. Management Accounting – Decision Making
18. Management Accounting – Financial Strategy and Reporting
19. Cost Audit and Management Audit
20. Valuations Management and Case Study
Coaching & Training:— The Institute offers two types of tuition – Postal through its four Regional Councils situated in four metropolises – Mumbai, New Delhi, Chennai and Kolkata and Oral through its more than 106 affiliated Oral Coaching Centres spread all over the country. With a view to bridge the gap between theoretical knowledge and to emphasis practical orientation training requirements for ICWAI students have been presented as given below:-
Intermediate
1. Group Discussions - 2 nos.
2. Business Communication Seminars – 2 nos.
3. Computers hands on – 50 hours
Final
1. Dissertation – 5000 words.
2. Computer Hands on – 100 hours
3. Modular training – 15 days
4. Audit / Industrial training – 6 months
Syllabus :
