Cost and Works Accountants,known as CWA. Study and practice of Cost accounting and related matters are regulated by The Institute of Cost and Works Accountant of India (ICWAI).
Study of cost accounting offers several career opportunities.
1.Regular Employment in senior position such as Managing Director, Finance Director, Chief Executive, General Manager, Finance Manager, etc. in many Public and Private sector undertakings.
2.Government Service:
Service in Central Govt. named as Indian Cost Accounts Service, is considered on par with the Class I Services of the Government of India.
3.Independent Practice
Cost Accountants can practice in the following areas:
* In 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 Certification Of manufacturing account as per Customs Act. * Consultancy Assignments.
4.Academic and Research:
Bachelor Degree holders, who have passed ICWAI Final Examination be allowed by the Indian Universities to register for M.Phil. and Ph.D. in Commerce and allied disciplines.
Fellow members of our Institute will be treated at par with the persons holding Ph.D. degree as far as appointment in the posts of Professor, Associate Professor, Reader, Asst. Professor and Lecturer in Professional/management Institutes are concerned.
