Cost Accountant - Managing the Money !!!

Finance management is one of pillars of any organization. Hence, the role of cost  accounting is an important one.Cost accounting is about planning, monitoring and controlling the cost and price of a product or a service. And this is what a cost accountant does. 

It is the accounts department of any business organization which can draw up a good resource utilization program and cost saving mechanism so that the profit margin of the company can be increased.
 They analyze the sales trend to strike a balance between the demand and supply. This analysis helps in comparing the financial performances, making assessments and projections, providing figures for future costing and pricing policies and other managerial decisions.
Would this career suit me ??

 As cost and management accounting requires certain traits that demands:

  • Analytical and attentive mindset
  • Awareness and interest about global economic conditions
  • Interest in Basic math and statistics
  • A bent of mind for business fundamentals, management and commercial laws
  • Have good judgmental qualities
  • Good communication skills and team spirit

              Eligibility:

              Foundation Exam

              Intermediate Exam

              Final Exam

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 FAQ's for Aspiring Cost Accountant

Where will I work ??
     

A qualified Cost Accountant leaves for himself, plenty of career options. Few of them are:

  • In advising the government in cost and pricing policies for state and central govt.
  • In framing tax and fiscal policies for government.
  • In Railways, Indian Army, Banks for costing, budgeting, auditing purposes.
  • Pursue teaching in various universities 
  • As an executer, administrators, and tax consultants etc for a private firm.
  • With experience rise to top positions like Financial Auditor, Financial Advisor, Finance Director etc. 

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 Institute of Cost & Works

    Accountant of India
Duration of the course is..

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How do I pursue this career ?

How do I pursue this career ??

» It’s a certificate course given statutory recognition by the central government and its degree chronology is:

» Cost and management accountancy can be pursued after 10+2 in any subjects.

» The course comprises of three stages:- Foundation, Intermediate and Final.

» After 10+2 enroll in a bachelors course in any discipline prefer one involving finance.

» Simultaneously take up FOUNDATION course examination to become eligible as a student for Intermediate Examination.

» After completing graduation in any discipline and clearing foundation examination are eligible for registration for the INTERMEDIATE Examination.

» At this stage students must compulsory undergo either postal or oral tuition imparted by the Institute (ICAWI) before appearing for the Intermediate and Final Examinations.

» After clearing the Intermediate Examination, students are eligible to appear for the FINAL Examination.

» After successfully clearing all the papers of both Intermediate and Final Examinations, students can enter the world of work!