Cost Accountant collects assimilates, collate and analyse the financial information from all areas of an organisation. It is one of the most essential management services. With the increase in competition and consequent economic pressures, cost and management accountancy has been finely interwoven into the main fabric of management. There is no denying the fact that an organisations success or failure is dependent on the quality of information made available to the management. This is where a cost accountant's productivity is of vital importance to the company.
Educational Qualification
The minimum eligibility required for the Foundation course for ICWA is 10+2 or an equivalent examination. The candidate who has enrolled for the 10+2 examination can apply for provisional admission.
Candidates who have passed the Foundation Course, and are not less than 17 years of age can apply for the Intermediate course. Graduates, post-graduates (excluding fine arts) and those who have passed final exam of ICWAI or ICAI or of any other accountancy Institution in India or abroad recognized by the Council of the Institute can directly enrol to the intermediate course without doing a foundation course.
After passing the intermediate course a registered candidate can apply for the Final course.
Age Limits
17 years of age for joining foundation course and not less than 18 years for joining the intermediate course.
Aspiring candidates need to follow the given steps to become a Cost Accountant.
Step 1
Foundation Course
Students who have registered themselves with the Institute of Cost and Works Accounts of India (ICWAI) are required to pass the Foundation Examination.
Eligibility/conditions for this course are as follow:
Candidates who have passed/appeared senior secondary (10+2) can apply for the foundation course.
Important: Exams are held twice a year i.e. on 18th to 21st June and on 26th to 29th December.
For June Term Examination apply before 18th December of the previous year and for December Term Examination apply before 26th June. The minimum duration of the course is eight months.
How and Where to Register for Foundation Course?
All students shall submit their Postal Application form, duly filled in with all the relevant documents and fee etc. to their respective Regional Councils only. Regional Councils and area covered by the region are given at the end.
Course of Study
Step 2
Intermediate Course
The minimum duration of this course is ten months.
Eligibility for Admission:
Candidates those who have passed the foundation course and are 18 years or above can apply for intermediate course.
Course of Study
Group-I
Group-II
Step 3
Final Course
One can apply for the final examination after one clearing all the eight papers in the Intermediate.
Final exam syllabus include
The minimum duration to complete this course is Eighteen months.
Important: Candidates of Foundation, Intermediate and Final Examinations can solve their questions in the Hindi language.
Examinations are held twice in a year i.e in June and December at various centres of the country and
At three Overseas Centres – i. Dubai, ii.Sultanate of Oman and iii.Botswana
Success Ladder to be a Cost Accountant
To reach this Level one has to apply any one of the following address in prescribed form according to their area of residence.
Address of Regional Councils of ICWAI
Address 1
Western India Regional Council
"Rohit Chambers",4th Floor
Janmabhoomi Marg, Fort
Mumbai - 400 001
Ph : 022-22872010/ 22841138/ 22043406/ 22043416
Fax : 91- 022- 22870763
Email: [email protected]
Website: www. icwai-wirc.org
Area Covered:
The State of Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Goa and the Union Territories: Daman Diu., Dadra, and Nagar Haveli
Address 2
Southern India Regional Council
4, Montieth Lane, Egmore
Chennai - 600 008
Ph:044-28554443/28554326/28528219
Fax : 91- 044- 28554651
Website:www.sircoficwai.com
Email: [email protected]
Area Covered:
The State of Andhra Pradesh, Karnataka, Kerala, Tamilnadu, Pondicherry and the Union Territory: the Lakshadweep
Address 3
Eastern India Regional Council
84, Harish Mukherjee Road,
Kolkatta - 700 025
Ph: 033 -24553418 /24555957
Fax : 91 033-2455-7920
Email: [email protected]
Area Covered:
The States of Assam, Arunachal Pradesh, Bihar, Jharkhand, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Tripura, West Bengal, Sikkim, the Union Territories: The Andaman and Nicobar Islands and Foreign Countries.
Address 4
Northern India Regional Council
3, Institutional Area, Lodi Road,
New Delhi - 110 003
Ph : 011 - 24626678 / 24615788
Fax : 24622156
Email :[email protected]
Area Covered:
The States of Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Rajasthan, Uttar Pradesh, Uttaranchal and the Union Territory: Chandigarh.
Once passed the examination the candidate can serve at any of the following capacities at various positions given below
ICWAI programme has been recognised by Association of Indian Universities for admission to Ph. D courses in commerce and allied subjects.
With the cut-throat competition in the industry at various levels because of the increasing consumerism, the industry is in the pursuit of reducing their cost of production to maintain themselves in the race. That is where the professional of this filing is required because of their expertise. Their job involves cutting the cost of production to be competitive.
There is no minimum or maximum limit for the salary of Cost Accountant. It varies approximately from Rs. 25,000 to Rs.1,00,000 depending upon the knowledge and expertise of the individual Cost Accountant. Due to their utmost importance in the management of any organisation these professional are suitably compensated for their services to their respective organizations.