In the era of liberalization and market-driven economy, demands of quality professionals are on upswing. Among many such professional are Cost and Work Accountants (CWA). Their main role is to frame business policy of company and to give a prognosis for project to be undertaken based on past and present financial performances. In this way, Cost Accountant can facilitate strategic decisions in respect of diverse economic activities of an organization, Institute of Cost and works Accountants of India (ICWAI) promotes, regulates and develops the profession of Cost Accountancy in India. The ICWAI examinations are held in three stages. Foundation, Intermediate and Final. A candidate may appear for the Foundation examination after passing 10+2 examination. Graduates in any discipline are eligible for direct admission to intermediate course of minimum of 18 months. After this, a candidate is eligible for admission to Final Course, which takes a minimum of 18 months to clear it. Candidates passed in final examination with a minimum work experience of three years are eligible to become members of ICWAI.
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The Institute of Cost and Works Accountants of India is the only statutory body of Government of India conducting and regulating the CWA course in India. The institute has four regional Centres at Mumbai, Calcutta, Chennai and New Delhi.
