12 October 2010
hello .. please point out me, the opportunities for icwa qualifiers.. role of icwa's in the present market.. merits and demerits of ICWA when compare to CA and CS... friends and experts please suggest me in this regard...
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
there is no doubt that a CA is in a better position as in private sector they ask for CAs only..... but positive thing about CWA is if ur working then ur experience vl b counted as experience so u don have to du articleship as in CA.....
CS is equally gud but v sud not relate all this....
first decide wat u wana du rather than which is better ...
CAclubindia
