ICWA in Cost and Work Accountants Course, Admission,| Eligibility | Career Options After Cost and Work Accountants | Top Recruiting Companies | Salary

ICWA Cost and Work Accountants Course

ICWA in Cost and Work Accountants course Course, Cost and Work Accountants course Eligibility, Career Options After Cost and Work Accountants course, Employment Area, Top Recruiting Companies, Cost and Work Accountants course Salary

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  • Job Pressure Medium
  • Academic Pressure Medium
  • Early Salary 2.5L - 4L
  • Mid Level Salary3L - 4.5L
  • Senior Salary 4L - 6L

ICWA Course Highlights

Course  ICWA
Full-form Institute of Cost and Works Accountants
Eligibility Criteria 10(+2) from recognized board or institution
Duration 18 months
Fee Structure Foundation Stage- ₹4,000/-
Intermediate Stage- ₹20,000/-
Final Stage- ₹17,000/-
Remuneration Structure ₹3-5 Lakhs per annum/ $53k per annum
Similar Course  CA
Employment opportunities Associate Professor, Cost Controller, Finance Director, Accountant, Chief Auditor, Managing Director, Financial Controller, Chief Accountant, Managing Director, Chief Internal Auditor, Chief Internal Auditor, and Financial Consultant

About ICWA in Cost and Work Accountants Course

ICWA stands for Institute of Cost and Work Accountants of India. It is the authorized institute that offers the Cost and Works Accountant (CWA) course and regulates the profession of CWA in India. The CWA course is also known as CMA- Cost Management Accounting. The course can be pursued after the 10th standard. Like CS, this course is also completed at three levels- the foundation or first level, the intermediate or executive level, and the final or professional level. Cost and Works Accountants or Cost Management Accountants are in great demand in the private sector, banks, financial institutes as well as govt. sector.

Eligibility Criteria:

Much like CA, CWA can be pursued through two routes.

  • To pursue CWA with the Foundation course, you need to have passed 10thexam from any recognized board.
  • You must have completed 17 years of age.
  • Those who want to skip the foundation course need to have completed their graduation or post-graduation.
  • ICWA conducts an entrance exam for each level of the course to qualify the students for the next level.

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ICWA Courses Eligibility Criteria

The ICWA course is divided into three primary stages- the Foundation stage, the Intermediate Stage, and the Final Stage.

Aspiring candidates must meet the eligibility criteria to emerge out as successful ICWA candidates. The essential outline eligibility criteria for candidates is that he/she should have secured a minimum aggregate from a recognized board or institution.

  • Eligibility Criteria for ICWA Foundation Stage: Candidates must secure a minimum aggregate in 10th from any recognized institution or board or equivalent. Candidates should have secured a minimum aggregate in 12th from any recognized board or institution or equivalent. Aspirants should be or should have completed the age of 17 years tp deem eligible.
  • Eligibility Criteria for ICWA Intermediate Stage: Candidates should have secured a minimum aggregate in their Senior Secondary School Examination (10+2). Candidates should have secured a minimum aggregate in the Graduation/ the Foundation Course in any discipline, excluding fine arts.
  • Eligibility Criteria for ICWA Final Stage: Only those candidates who remain qualified in the ICWA Intermediate Stage from the institution are eligible to apply for the ICWA Final Stage.

ICWA Course Duration

The duration for ICWA Course is different for each Stage of examination.

  • Foundation Stage: The course duration for ICWA Foundation Stage is a minimum of 8 months’ time-frame.
  • Intermediate Stage: The course duration for ICWA Foundation Stage is a minimum of 10 months time-frame.
  • Final Stage: The course duration for ICWA Foundation Stage is a minimum of 18 months time-frame.

However, the total time taken to complete the ICWA program depends on the aspirant’s dedication and focus during each Stage of the Course.

ICWA Course Fee Structure

The approximate Fee Structure for the ICWA course is different for three stages of the Course.

  • For Foundation Stage: The ICWA Course Exam Fee payment for Foundation Stage is Rs.4,000/-
  • For Intermediate Stage: The ICWA Course Exam Fee payment for Intermediate Stage is Rs.20,000/-
  • For Final Stage: The ICWA Course Exam Fee payment for the Final Stage is Rs.17,000/-

ICWA Admission Process

The Admission Procedure for ICWA will be based on the ICWAI entrance examination conducted by the ICAI (Institute of Cost Accountants of India) for all the three stages of the exam- the Foundation, Intermediate, and Final exam. The ICWA examination is conducted twice in the same year- June and December.

For those candidates seeking to apply for the ICWA course exams in December, are needed to apply latest by June 30. Those candidates seeking to apply for the ICWA course exams in June are needed to reply latest by December 31 of the previous year.

ICWA Syllabus

ICWA Syllabus: Foundation

Subject
Fundamentals of Economics
Fundamentals of Accounting
Fundamentals of Law and Ethics
Business Mathematics and Statistics: Fundamentals

ICWA Syllabus: Intermediate

Group 1 Group 2
Financial Accounting OMSM: Operations and Strategic Management
Law & Ethics Cost & Management Accounting/Financial Management
Direct Taxation Indirect Taxation
Cost Accounting CAA: Company Accounts & Audit

ICWA Syllabus: Final

Group 3 Group 4
Corporate Law & Compliance Corporate Financial Reporting
SFM: Strategic Financial Management Indirect Tax Laws, Practice
SCMD: Strategic Cost Mgt: Decision Making Cost & Management Audit
Direct Tax Laws; International Taxation SFP: Strategic Performance Mgt & Business Valuation

Top Institutes for ICWA Course

  • ICAI – The Institute of Cost Accountants of India, Kolkata
  • VLCC Health Care Limited, Uttar Pradesh
  • ICAT – Image College of Arts Animation and Technology, Tamil Nadu
  • CPC – Dr. C P Thakur College, Bihar
  • ICWAI – Institute of Cost and Works Accountants of India, Delhi

ICWA Career Prospects(Job Profiles)

With the advancement of demands in management positions, costs, and the economy, ICWA graduates’ demand is on a rapid rise. ICWA graduates have a high demand in the private sector, public sectors, government sectors, finance and banking sectors, training sectors, development agencies, and the education industry. ICWA graduates hold significant positions in managerial positions available in various industries and organizations under the public and private sectors.

ICWA graduates get employed in some popular areas such as developmental agencies, consultancy firms, service industries, stock exchanges, company affairs departments, the public utility sector, research organizations and training centers, and other regulatory bodies.

ICWA Career Options

  • Associate Professor
  • Cost Controller
  • Finance Director
  • Accountant
  • Chief Auditor
  • Managing Director
  • Financial Controller
  • Chief Accountant
  • Managing Director
  • Chief Internal Auditor
  • Chief Internal Auditor
  • Financial Consultant

Course Content

The following subjects would be studied during the three levels of the CWA course:

  • Economics and Management
  • Accounting
  • Business Laws and Ethics
  • Business Mathematics and Statistics
  • Financial Accounting
  • Direct Taxation
  • Cost Accounting and Financial Management
  • Operations Management and Information Systems
  • Cost and Management Accounting
  • Indirect Taxation
  • Company Accounts and Audit
  • Corporate Laws and Compliance Advanced Financial Management
  • Business Strategy and Strategic Cost Management
  • Tax Management and Practice
  • Strategic Performance Management
  • Corporate Financial Reporting
  • Cost and Financial Audit
  • Financial Analysis and Business Valuation

Career Perspective:

Cost and Works Accountant is a much-in-demand profession. You can work both as an employee well as an independent professional. The job profiles that you can work for are Cost Accountant, Auditor, Finance Manager, Financial Consultant, Chief Internal Auditor, Finance Controller, and Cost Controller.

FAQ’s on ICWA Course Details

Question 1. What are the required eligibility criteria for the ICWA course exam?

Answer: The ICWA course is divided into three primary stages- the Foundation stage, the Intermediate Stage, and the Final Stage. However, aspiring candidates must meet the eligibility criteria to emerge out as successful ICWA candidates. The essential outline eligibility criteria for candidates is that he/she should have secured a minimum aggregate from a recognized board or institution.

Question 2. What are the industries and sectors an ICWA graduate can work in?

Answer: ICWA graduates get employed in some popular areas such as developmental agencies, consultancy firms, service industries, stock exchanges, company affairs departments, public utility sector, research organizations and training centers, and other regulatory bodies.

Question 3.What is the skill set required for an ICWA graduate?

Answer: Asprising Candidates require skills that aid the regulation and management of cost accounting methods and procedures. They must possess an in-depth knowledge of standard procedures, concepts, and practices in the related Industry. Finally, candidates must possess adequate presentation skills and should be able to perform several tasks related to the field.

Question 4. Differentiate between ICWA and CA?

Answer: ICWA is a cost accounting degree that equips individuals with an in-depth knowledge of the management of finance competently. While CA is a qualification designed in accounting that may be pursued right away after the twelfth exams

ICWA in Cost and Work Accountants Course College in India

College/University Location Avg. Fees Per Year Admission Open

Latest Application Forms 2024 Sponsored

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