Career Option in Institute of Cost and Works Accountants of India



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A. Field description:

The Institute of Cost and Works Accountants of India was established by an Act of Parliament in the year 1959, though the same was in existence as a company since 1944. The head office is situated at 12, Sudder Street, Kolkata 700 016. It is the professional body in India which specializes in the field of Cost and management Accountancy. It imparts coaching and trains the candidates in the subject of Cost & Management Accounting And Finance The Institute has established four Regional councils in the Metropolitan cities. Every year, it churns out thousands of Cost and Accounts professionals in the country, who manage the cost and audit of the country's vast industrial sectors.

B. Education Guide
  • Education Details & Eligibility:

The eligibility procedure is simple for the course. The candidates are eligible for the course after qualifying the Foundation Course examination of the Institute. For Foundation course the candidate with 10+2 are eligible. After clearing foundation candidates can join the Institute's Intermediate course. Those who are waiting for 10+2 examination results can also appear for the Foundation Course examination. Similarly students awaiting result of Graduation examination can even opt for provisional registration. Direct Registration without appearing for the Foundation course is open to Graduates of any discipline.

  • Course Duration:

The course is divided into Intermediate and Final with eight papers each. Both have 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 have to complete the Foundation Course of the institute to join the Intermediate course.

  • Approximate Education Expenses:

The institute offers the training through Postal from four Regional councils (Mumbai, New Delhi, Kolkata and Chennai) and direct training from its 106 coaching centers spread across the country.

Fee Structure:

The fee structure of the Institute is given below:

Registration Fee: Rs. 300 (to be paid one time only)

Coaching Fee

Postal

Oral

Foundation:
Intermediate:
Final:

800 
2400 
2640

1000 (including study materials)
3180 
3480

Examination Fee:

Foundation:
Intermediate:
Final:

Rs.400 
Rs.400 (Any one stage) 
Rs. 450 (Any one Stage)

-
  Rs.800 (Both Stages) 
Rs. 900 (Both Stages)

C. Institutions that Offers this Education:

S No

Addresses of Regional Councils of ICWAI

Areas covered

1

The Western India Regional Council
Rohit Chambers 4th Floor
Janmabhoomi Marg, Fort
Mumbai 400 001.
Ph:022- 2287 2010/22043416/22841138/22043406
e-mail: wircicwa@bom3.vsnl.net.in

The States of Chatrishgarh, Gujarat, Madhya Pradesh, Maharashtra, Goa and the Union Territories: Daman,Diu, Dardra and Nagar Haveli.

2

The Southern India Regional Council
65, Montieth Lane, Egmore
Chennai 600 008.
Ph: 044-28554443, 28554326, 28272772
e-mail: srcicwai@giasmd01.vsnl.net.in

The States of Andhra Pradesh, Karnataka, Kerala, Tamilnadu, Pondicherry and the Union Territory: Lakshadweep,

3

The Eastern India Regional Council
84, Harish Mukherjee Road
Kolkata 700 025.
Ph: 033- 24553418,2 4555957

The States of Assam, Bihar, Jharkhnd, Manipur, Meghalaya, Nagaland, Orissa,Tripura, West Bengal, Arunachal Pradesh, Mizoram, Sikkim, the Union Territories: the Andaman and Nicobar Islands and Foreign Countries

4

The Northern India Regional Council
3, Institutional Area, Lodi Road
New Delhi 110 003.
Ph: 011- 24615788, 24626678
e-mail: icwai_nirc@hotmail.com

The States of Delhi,  Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Rajasthan,Uttar Pradesh, Uttaranchal, and the Union Territory of Chandigarh

D. Job Opportunities and Job Roles:

The candidates after passing ICWAI can work in top management positions, Viz. Managing Director, Finance Director, Financial Controller, Accountant, Cost Controller, Finance Manager, Chief Internal Auditor etc both in public and private sectors. They can also opt for Self entrepreneurship in following areas:

  • Mandatory Cost Audit.
  • Certification under Export & Import Policy.
  • Certification of manufacturing account.
  • Consultancy assignments.
  • Excise Audit. 
E. Approximate Salary Range:

Salary varies based on your proficiency in the field and the company that you join. Many multinational companies pay good salary and benefits for their employees.
The salary can be from Rs.3000 to Rs.50, 000.

F. Related Links:

The forums for CA, ICWAI people are a plenty on the net.

Web site link:   www.caclubindia.com

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