ICWA is the gateway to a cost management accountant career. If you desire to become a Cost Accountant Management, then ICWA is the Course you require to pursue. ICWA is the degree that broadens your knowledge on how to regulate finance management expertly.
An ICWA Course graduate holds exhaustive knowledge of the regulation of business within the available resources. It becomes the responsibility of a Cost Accountant to collect and resolve all financial information from all the sectors of the Industry via strategic thinking and work experience.
ICWA Course Details
ICWAI (Institute of Cost & Works Accountants of India), presently known as The Institute of Cost Accountants of India (ICAI), is a gold touchstone instructional institution. It provides education, enhances skills, and helps the development of Cost Accountancy in India.
ICWA is a highly valuable course that enables aspirants to pursue a career in Cost and Management Accountant. Graduates are given comprehensive practical training to enhance graduate's personality development and soft abilities.
Length of ICWA Course
ICWA course is a minimum three-year course provided by the Institute of Cost and Works Accountants of India that consists of three stages namely foundation, intermediate, and final. The course is pursued by students who intend to become Cost Management Accountants.
ICWAI Course Duration
The complete course consists of three stages foundation, intermediate and final.
Foundation: Minimum period of the course is eight months.
Intermediate: Minimum period of the course is Ten months.
Final: Minimum period of the course is Eighteen months.
Categories of ICWA
The course is fitted for both undergraduate and postgraduate students. Candidates who have completed their high school studies from an Indian recognized board are eligible to register for the foundation course. Candidates who have completed their undergraduate studies seek the intermediate level. Candidates follow the final level of the course to advance their advanced abilities in cost management accounting.
The ICWA foundation level is the course’s first and most vital step. Students are liable to the fundamentals of cost management strategies and whereabouts in the financial industry during this foundation stage. The course is expected to take a minimum of eight months to complete.
The intermediate level of the ICWA course is the second stage. Students must clear the intermediate course after finishing the foundation level. Students in intermediate courses study thorough financial accounting and are interposed to a variety of financial topics such as direct and indirect taxation, cost accounting, and much more. The course is thought to be a little tougher than the previous one.
The ICWA final level is the course’s last stage. The third level, which is considered the most rigid of all three courses, provides insight into the administration of many financial issues like strategic financial management and particular regulations connected to different taxation.
ICWA Course Fee Structure
The estimated Fee Structure for the ICWA course is different for three stages of the Course.
Foundation Stage: The ICWA Course Exam Fees for the Foundation Stage is Rs.4, 000/-
Intermediate Stage: The ICWA Course Exam Fees for the Intermediate Stage is Rs.20, 000/-
Final Stage: The ICWA Course Exam Fees for the Final Stage is Rs.17, 000/-
Scope of ICWA
The scope for a cost management accountant is broad. There is a certain requirement of the post in every organization regardless of what their work is. There is a great advantage of the subjects taught and thus assists you in excelling in your career as a financial management accountant.
The job scope and pay scale for cost management accountants are growing with higher employment options. An individual can as well as excel in choosing financial features or administration, as this domain includes both the niches.
Students with better command over the subject and proper knowledge of the finance and management industry are preferred more during the employment drive. In the present outline, internships are considered an essential factor in the career-building process. As well, employers seek students who possess industry experience exposure together with good academic performance.
Is ICWA a difficult course?
In case you want to be a cost accountant and if you study with wholeheartedness and determination then surely you will not find it difficult. ICWAI is a professional course in one can choose after class 12th. But in case a person is a graduate then he can directly register in the Intermediate of the course.
BEST ICWA COACHING CLASSES
Wisdom Academy provides you with the finest coaching for CMA (ICWA) in Mumbai by bringing together expertise and passion for bridging the gap between success and your ambitions. We conduct knowledgeable and motivating sessions for students who select professional courses such as CS / CA / CMA (ICWA). Our team of highly proficient faculty and specialists not just guides the students but as well as gives them professional tips from their personal experiences.
Teachers with advanced degrees and years of expertise handle subjects expeditiously and efficiently and use modernized teaching methods to give students the best education possible. Group tuitions, in comparison to traditional classroom coaching, have a batch size of narrowly 15-20 persons, allowing students to receive personalized attention and have all of their questions resolved.
Wisdom Academy provides face-to-face batches between the teacher and the student that are specifically tailored to the student's needs. A tutor is allotted to a single student and provides individual attention to that student, as well as being available for inquiries or doubts at any time.
Top 4 reasons why you should enroll in Wisdom Academy classes:-
We have a state-of-the-art approach to teaching at our CA, CS, and ICWA classes in Mumbai which is a combination of Inductive Learning, Testing Effect, and Active Learning.
We ensure that students thoroughly understand the concepts that are taught and make sure that a lot of practice as well as takes place.
Wisdom Academy fosters a sense of accomplishment and teaches the students to enjoy the work by providing various opportunities for collaboration and self-determination.
At our coaching institute, the aspirants can expect a blend of real business situations, case studies, as well as the hallmark practice of learning via many first-hand scenarios.
Wisdom Academy uses its expertise in bridging the gap between students' ambitions and success to give the best ICWA coaching in Mumbai. For ICWA students, a highly qualified faculty team and specialists provide informative and inspiring teaching sessions.