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. 

The Institute of Cost and Works Accountants Of India, the only professional body specialized in the field of Cost and Management Accountancy in India aims at imparting coaching and training in the subject of Cost & Management Accountancy. It was established by an Act of Parliament in the year 1959, though the same was in existence as a company since 1944. The Institute has four Regional councils in the Metro cities.

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 – Dubai, Sultanate of Oman and Botswana for overseas students.

For further details incumbent may obtain a copy of the Prospectus of the Institute, which costs Rs. 100/-  and is available from the Institute’s headquarters at 12, Sudder Street, Kolkata – 700 016, e-mail: Contact Us or from its four Regional Councils.

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. Click here for more information

Subject covered : Click here for more information

Syllabus : Click here for more information

Regional Councils : Click here for the ICWA regional councils in India