Career and Prospect

It has been felt beyond doubt that there has been increasing awareness amongst the business entrepreneurs of the
most vital contribution made by cost and management accountancy services in the business houses to the attainment
of business objectives.  This has accentuated the demand for cost and management accounting services in all the
sectors of economy. Many members of the Institute are holding top management positions, viz., Managing Director,
Finance Director, Financial Controller, Chief Accountant, Cost Controller, Marketing Manager, Chief Internal Auditor. 
Those managing their own business, have found in themselves a Manager and an Accountant to control and flourish
their business. No wonder a Cost Accountant can attain the highest ladder of professional career.  There is a
sustained demand for qualified, trained and experienced cost accountants.  Many members of the Institute are also
engaged in cost consultancy services and in teaching cost and management accountancy in Universities and
Colleges.

Cost Accountancy qualification has also been recognised by the Academic Councils of many Universities in India for
the purpose of admission of the Ph.D. courses in Commerce.  It was resolved by Association of Indian Universities to
accept Bachelor Degree-holders who have ICWAI   Qualification for registration as M.Phil. and Ph.D. candidates in
commerce and allied disciplines vide their letter nos. EV/II/(2)/91/80878 dated 16.8.1991 and EV/II/(2)/2000/179741
dated 29.11.2000.

Moreover, as per the decision of the All India Council for Technical Education, Fellow Members of our Institute are
treated at par with Ph.D. candidates in so far as appointment in the posts of Professor, Associate Professor, Reader,
Asstt.Professor and Lecturer in Professional / Management Institutes  are concerned.

Cost and Management Accountants are also holding key position in Central and State Governments. In the matter of
employment, promotion and prospects, Cost Accountants are recognised by the government, public and private
sectors for placement at various levels in the fields of Accounting and Management functions. The specialisation in
costing is an added catalyst for a successful manager and a policy maker.

Developing countries in the overseas have also evinced keen interest in offering employment opportunities for the
members of the Institute.  Realising the importance of the profession of the Cost and Management Accountancy in
the economic development of the nation, the Central Government has constituted an all-India cadre known as Indian
Cost Accounts Service (ICAS) at par with other Class-I services such as IAS, IFS etc. to advise the government in
cost pricing and in framing the appropriate fiscal and tax policies.

Practice as Cost Accountant. An Cost Accountant may build up his own practice by obtaining a licence from the
Institute which would enable him to practice as a Cost Accountant, either individually or in partnership with one or
more members of the Institute in practice.  His clientele include private and public companies, large, medium and
small scale undertakings, partnership and proprietary concerns, industrial, commercial and service undertakings etc.
CWA as Profession
Employment Opportunities

Members of the Institute are occupying high echelons like Chairman,

Managing Director, Finance Director, Chief Executive, General Manager,
Finance Manager, etc. in many Public and Private sectors organisations and
also in the Government
Government Department

There is an existing Cost Accounting Service in Central Govt. named as Indian

Cost Accounts Service, which is at par with the Class I Services of the
Government of India.
Opportunity for Independent Practice

Cost Accountants can practice in the following areas:

 In mandatory Cost Audit under Section 233 (B) of the Companies Act,
1956.
 Certification under Export & Import Policy.
 Excise Audit under Section 14A of the Central Excise Act and Special
Audit of Certification Of manufacturing account as per Customs Act.
 Consultancy Assignments.

Academic Opportunities

The Association of Indian Universities {AIU} resolved on May 28, 1991 that
Bachelor Degree holders, who have passed ICWAI Final Examination be
allowed by the Indian Universities to register for M.Phil. and Ph.D. in
Commerce and allied disciplines. Since then the Institute is approaching
different Universities to make necessary provision in their respective Rules so
that Members of our Institute having Graduation qualification can register
themselves for Ph.D. courses in Commerce and allied areas. Till now the
Institute is in receipt of approval from 35 Indian Universities. Recently, in
response to our letter No. DS-3{UL}/11/2000 dated November 17,2000 to
AIU it has been clarified by AIU {vide their letter No.EV/II{2}/2000/179741
dated November 29,2000} that recognition awarded by AIU is generally
accepted by the Universities in our country.
As the Final Examination of the Institute of Cost and Works Accountants of
India has already been recognized by AIU, they do not anticipate any difficulty
to be faced by the ICWAI candidates in the matter of acceptance of their
qualification as sufficient for registering for Ph D/M Phil. All India Council for
Technical Education decided that Fellow members of our Institute will be
treated at par with the persons holding Ph.D. degree as far as appointment in
the posts of Professor, Associate Professor, Reader, Asst. Professor and
Lecturer in Professional/management Institutes are concerned.
Prescribed Qualification and Experience by AICTE for Asst. Professor
(Management Programmes) and Professor ( Management Programmes) is
available at: www.aicte.ernet.in/download/aph_1.pdf
UNIVERSITIES WHO HAVE ALREADY RECOGNISED THE MEMBERSHIP OF THE
INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA AS SUFFICIENT
QUALIFICATION FOR PURSUING Ph.D. COURSES
1 Sardar Patel University ,P.B. No. 10 ,Vallabh 2 Guru Nanak Dev University , Amritsar.
Vidyanagar -388 120.
3 South Gujarat University ,University Campus Udhana – 4 Moharshi Dayanand University ,Rohtak
Magdalla Road ,Surat -395 007
5 University of Poona ,Ganeshkhind ,Pune -411 007 6 Punjab University , Chandigarh -160014
7 Nagpur University, Nagpur 8 Meerut University , Meerut
9 Mangalore University ,Office of the Mangalore 10 University of Kerala , Trivandrum
University Light House Hill ,Mangalore -575 003
11 University of Mysore ,Viswavidyanilaya Karya Soudha 12 Cochin University of Science & Technology , Cochin
Crawford Hall ,Mysore -5
13 Shivaji University ,Vindyanagar ,Kolhapur -416 004 14 University of Bombay , Mumbai -400 032
15 Sri Venkateswara University , Tirupati Andhra Pradesh 16 Varanasi University , Uttar Pradesh
17 Karnataka University , Karnataka 18 Osmania University , Hyderabad -500007
19 Madras University , Chennai 20 Punjabi University , ,Patiala
21 North Maharashtra University, Jalgaon 22 Yashwantrao Chavan Maharashtra Open University ,
Nasik Maharashtra
23 Alagappa University , Karaikudi 24 Bangalore University ,University City Campus
,Bangalore -560 001
25 Tezpur University , Tezpur 26 Guru Ghasidas University Bilaspur , Madhya Pradesh
27 Vikram University , Ujjain 28 Manipur University ,Canchipur ,Imphal -795 003
29 Pondicherry University , Pondicherry 30 Vidyasagar University , Midnapore
31 Madurai Kamaraj University , Madurai 32 North Gujarat University ,Rajmahel Road P.B. No. 21
33 Sambalpur University ,Jyoti Vihar Burla ,Sambalpur 34 The University of Kashmir , Srinagar
-768 019
35 Gauhati University , Guwahati -781 014

Admission to ICWAI Qualification :-

Foundation Course: Intermediate Course:
Eligibility for Admission: Eligibility for Admission:

a) 17 years of age; and (a) is not less than 18 years of age; and
(b) Passed Senior Secondary Examination under 10+2
scheme of a recognized Board (b) has passed degree Examination of any recognised
University or equivalent
Incumbents waiting for the result can apply for provisional
admission Incumbents waiting for the result can apply for provisional
admission
Fees Fees

Cost of Prospectus - Rs. 200/- Cost of Prospectus - Rs. 200/-

Postal Tuition Fee (including study material) - Rs. 3500/- Postal Tuition Fee (including study material) - Rs. 7000/-

Oral Coaching Fee (including study material) - Rs. 3500/- Oral Coaching Fee (including study material) - Rs. 11000/-

Click here For complete fee details Click here For complete fee details
Documents to be enclosed with application form: Documents to be enclosed with application form:

1.        Bank Draft ( as mentioned above) 1.        Bank Draft ( as mentioned above)

2.        Attested Copy of Matriculation Certificate 2.        Attested Copy of Matriculation Certificate

3.        Attested copy of 10+2 Certificate or Marks 3.        Attested copy of 10+2 Certificate or Marks
Statement Statement

4.        Three photographs attested and pasted on the
form
(Attestation should be by any member of ICWAI /ICAI/
/ICSI/Parliament/Stage Legislative Assembly or a
Gazetted Officer or a Principal of a college)
Syllabus
Registration form: Download
When to Apply:
4.        Attested copy of the degree
5.        Three photographs attested and pasted on the form
(Attestation should be by any member of ICWAI /ICAI/
/ICSI/Parliament/Stage Legislative Assembly or a
Gazetted Officer or a Principal of a college)
Syllabus
Registration form: Download

Exams are held two times in a year i.e. on 11th to 18th June and on 10th to 17th December. 
For June Term Examination apply before 05th December of previous year and for December Term Examination apply
before 05th June.

Where to Apply:

All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances
to their respective Regional Councils only.  Regional Councils and area covered by the region are given below:

Address of Regional Councils of ICWAI Area Covered8.0pt;

Western India Regional Council  The State of Chhattisgarh, Gujarat, Madhya Pardesh,
"Rohit Chambers",4th Floor  Maharashtra, Goa and the Union Territories: Daman Diu.,
Janmabhoomi Marg,Fort  Dadra, and Nagar Heveli.
Mumbai - 400 001 
Ph : 022-22872010/ 22841138/ 22043406/ 22043416 
Fax : 91- 022- 22870763 
Email :wirc@icwai.org

Web site : www. icwai-wirc.org

Southern India Regional Council 
4, Montieth Lane, Egmore, 
Chennai - 600 008 
The State of Andhra Pradesh, Karnatka, Kerala,
Ph:044-28554443/28554326/28528219 
Tamilnadu, Pondicherry and the Unition Terrritory: the
Fax : 91- 044- 28554651 
Lakshadweep
Website:www.sircoficwai.com 
Email: sirc@icwai.org
 
Eastern India Regional Council 
The States of Assam, Arunachal Pradesh, Bihar,
84, Harish Mukherjee Road, 
Jharkhand, Manipur, Maghalaya, Mizoram, Nagaland,
Kolkatta - 700 025 
Orissa, Tripura, West Bengal, Sikkim, the Union
Ph : 033 -24553418 /24555957 
Territories: The Andaman and Nicobar Islands and
Fax : 91 033-2455-7920 
Foreign Countries.
Email :eirc@icwai.org
Northern India Regional Council 
3, Institutional Area, Lodi Road, 
The States of Delhi, Haryana, Himachal Pradesh, Jammu
New Delhi - 110 003 
and Kashmir, Punjab, Rajastan, Uttar Pradesh,
Ph : 011 - 24626678 / 24615788 
Uttraanchal and the Union Territory: Chandigarh.
Fax : 24622156 
Email :nirc@icwai.org
Candidates of Foundation, Intermediate and Final Examinations are allowed to exercise option for answering
questions in Hindi

Students opting for oral coaching should contact respective Regional Council office or chapters

 
TABLE OF FEES EFFECTIVE FROM 1ST JANUARY 2008 (FOR STUDENTS)
FOUNDATION INTERMEDIATE
SL. HEADS Amount Rs. FINAL Rs.
Rs. Rs.
1. Cost of Prospectus 200      
2a. Cost of Examination Form 30      
Cost of Examination Form for Overseas
2b. US$ 10      
Centre
3. Student Registration Fee     500  
Student Practical Training Registration
4a.     1,000  
Fee
4b. Change of Principal for Practical Training     300  
5. Registration Denovo / Afresh Registration 2,000      
6a. Re-enrolment fee Single Stage / Group     800 1,200
6b. Re-enrolment fee Both Stages / Group     1,000 1,500
Subject Exemption (per paper) (By
7.     200 200
Qualification)
Postal Tuition Fee (including study
8.   3,500 7,000 9,000
material)
Postage Charges for Foreign Students
9.   2,000 3,000 4,000
only
Oral Coaching Fee (including study
10.   3,500 11,000 14,000
material)
Coaching Revalidation fee (per stage /
11.     800 1,000
group)
12. Examination Fee (per stage / group)   700 700 800
13. Examination Fee for Overseas Centre   US$ 60 US$ 90 US$ 100
14a. Late Fee for Exam Form submission   200 200 200
14b. Late Fee for Exam in Overseas Centre   US$ 10 US$ 10 US$ 10
15a. Exam Fees for MA Exam (Per Group) 2,500      
15b. Exam Fees for MA Exam (Per Group) 2,500      
16. Group Discussion (Per Group)     300  
17. Business Communication (Per Group)     300  
18. Computer hands on Training     6,000  
Exemption fees for Computer hands on
19.     1,000  
Training
20. Modular Training Fee       2,000