Ans: A cost accountant specialises in navigating managerial decisions, stabilising budgets and standards, assessing operational efficiency and the effectiveness of production and service management, identifying accountability for profit variance. His responsibilities include: designing and implementing effective management information and control systems, planning costing systems and methods, inventory control incorporating mathematical models, investment analysis, project management, internal audit, cost audit, diagnosis in the case of sick industries, fund management, pricing planning, interpreting information and data related to business activities and translating them in such a way as to guide the core management into taking the right decisions.
Ans: There are three stages to pursue Cost Accountant course
Ans: A student appearing for the remaining group/both groups of the Intermediate Examination has to complete Computer Training before filling up the form for Intermediate Examination.
Ans: The student desirous to seek Computer training exemption should make an application for exemption to the DOS at least 60 days prior to the start of the ICWAI Examination in which he/she intends to appear.
Ans: Admission is open throughout the year. Examinations are held twice a year, once in June and another in December. Last date for seeking admission/ enrolment to CWA Foundation, Intermediate and Final Course for June term of examination is 5th December of previous year. Last date for seeking admission/enrolment to CWA Foundation, Intermediate and Final Course for December term of examination is 5th June of same year.
Ans: The subjects for Foundation Course are :
Ans: Candidates having obtained exemption in a paper or papers of a Stage of Intermediate examination by virtue of passing a stage or earning exemption in individual paper (s) under Old Syllabus - 2002 will be exempted from the corresponding paper (s) under the Revised Syllabus - 2008 as given in the table.
Particulars Foundation Intermediate Final (both groups) Rs. (both groups) Rs. Rs. POSTAL ORAL POSTAL ORAL POSTAL ORAL Student Registration fee NA NA 500 500 NA NA Coaching Fee ₹ 3,500 3,500 7,000 11,000 9,000 14,000 Computer Training Fees NA NA 6,000 6,000 NA NA (100 hours) Practical Training NA NA ₹1,000 1,000 NA NA Registration Fee GD/BC Fee @ ₹ 600 NA NA 1,200 1,200 NA NA per group Modular Training Fee NA NA NA NA ₹ 2,000 2,000 TOTAL ₹ 3,500 3,500 15,700 19,700 11,000 16,000
Physically challenged students are entitled for waiver/refund of fees subject to production of evidence in support of their disabilities. For details visit our website www.icwai.org.
Ans: If a student fails to appear at least in one group of Intermediate Examination within three years from the date of his/her registration, the registration shall be cancelled after the said period. In such case, the student has to apply for afresh registration with a fee of ₹ 2,000/- through DD in favour of ICWAI payable at Kolkata.
Ans: A student desirous of undergoing Postal Coaching is required to submit an application in the prescribed form to the respective Regional Council. Study Materials along with 4 (four) test papers for each subject are provided to the students. A student has to complete the Postal Coaching by answering the test papers provided along with the study materials.
Ans: A student desirous of pursuing the course under Oral Coaching has to get admitted in a Regional council or Chapter or Recognised Oral Coaching Centre. Duration of Oral Coaching for Foundation course or a group in Intermediate/ Final Course is 4 months having a minimum of 72 hours for Lectures and Tutorial classes per subject. A student has to appear for written examination (of 3 hours duration) for each subject conducted by the Regional council/Chapter/ Recognised Oral Coaching Centre and has to secure a minimum of 40% marks in each subject.
- A Coaching Clearance is valid for three years. - For revalidation of Coaching, the student has to submit the Coaching Revalidation Application with answers for one objective type test paper for each subject of the group to the Director of Studies along with Coaching Revalidation fees through a demand draft drawn on any scheduled bank in favour of ICWAI payable at Kolkata as stated below:
Ans: The following clearance are required for appearing in the examination :
Ans: Student from foreign countries should submit the forms to the Headquarters only.
Examination Single Group Both Groups Single/ Both Groups
Foundation ₹ 800 -- $ 60
Intermediate ₹ 850 1600 $90
Final ₹950 1800 $100
Ans: One is eligible for Membership of ICWAI :
Ans: The ICWAI has its 71 examination centers located in various cities all over India (Mumbai, Bangalore, Kolkata and Delhi has multiple centers) and two overseas centers at Dubai and Muscat.
Ans: In recent campus interviews, the meritorious students, having become fresh Cost Accountant, were picked up by regulators and reputed companies at very attractive salaries.
Ans: The Institute awards Prizes and Merit Scholarship to the meritorious students.