In the age of cut throat competition cost reduction technique has become essential part of business strategy for survival and growth. Now companies are hiring professionals who is having the depth knowledge to manage business within available resources. Apart from private sector there is a huge demand of Cost Accountants in public sector also. Navratna companies and Banks are also hiring Cost Accountants. The two main reasons why Cost Accountants are in great demand first there is a very low supply of Cost Accountants as compared to demand and second it has become essential for every organisation to work on cost reduction. If you don't want to go for job, you can work as independent professional or even you are having interest in business you can start your business. In simple words it is most trending course for commerce students having ocean of opportunities . It is also one of the highest paying job nowadays. So if you are a commerce student with perfection in Accountancy subject, ICWA can be a wiser career choice. But do remember one thing that this course expect a hard work and dedication, if you can just go ahead.
Duties of a Cost Accountant :
- Make a plan to minimise cost.
- Make a strategy to take company on heights through optimum utilisation of resources.
- Collection and planning of data to analyse cost.
- Preparation of financial reports related to revenue and expenses.
- Maintaining Cost Accountant
Job Title :
1. Managing Director
2. Cost Accountant
3. Cost Controller
4. Chief Auditor
5. Finance Controller
6. Financial Consultant
7. Finance Director
8. Head Accountant
9. Accounts Manager
Stages and Eligibility :
ICWA/CMA course is divided in three stages:
Foundation : If you have passed 12th you can enroll for foundation course, even if you are appearing for 12th exam you can enroll.
Intermediate : To enroll for intermediate course you should have 12th certificate and have cleared foundation. A graduate can directly enroll for intermediate .
Final: After clearing intermediate you can apply for final level.
Subjects:
Fees:
For more details regarding the syllabus and course go through the following link:
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