11 March 2011
i have complete B com with 7 yr experiance as an account. i would like study ICWA as corrospondance . is it possible? pls advise steps and proceedures of this course .
11 March 2011
Scheme for Practical Training to ICWAI students
With effect from 1st day of January 2008, every registered student under the Revised syllabus 2008 shall be required to undergo practical training for a period of 3 years on whole time basis to the satisfaction of the Council in any one or more of the following organizations given under clause 2 and in the areas given in clause 3 for the purpose of recognition for training.
A student working in any of the organizations specified in clause 2 in the functional areas given in clause 3 below shall be exempted from training. 1. Objectives of the Practical Training
*
To develop among the students the necessary skills required to apply theoretical knowledge of cost and management accounting to practical situations in different professional fields *
Exposure to environments under which different organizations work *
Providing on-job experience of practical aspects of Cost and Management Accounting *
Developing disciplined attitude required for a professional *
Awareness on ethical values in professional work
2. Organizations recognized for Training
Student working as Trainee will be hereinafter referred to as Cost & Management Trainee. The Cost & Management Trainee shall undergo practical training under (1) Practicing Cost Accountant or (2) a firm of Cost Accountants or (3) in any of the following organizations under a professionally qualified person. The organizations other than the firms of professionals will be recognized for the purpose of training of the students if its annual turnover is Rs 5 crores or more. The authority under which the training is undertaken is referred to as Principal hereinafter.
1. Central/State Government / Semi-Government / Public Utilities 2. Banks and other Financial Institutions 3. Insurance Company 4. Public Sector Unit 5. Public Limited Company 6. Private Limited Company 7. Information Technology Sector 8. KPO / BPO 9. Stock Exchange 10. Universities, Management Institutes and any other educational institute 11. Limited Liability Partnership Firm 12. Management Consultancy Firms 13. NGO 14. Co-operative societies engaged in Banking, Manufacturing 15. Any other institution as approved by the Council
3. Recognized areas for Training:
1. Management Accounting 2. Cost Accounting 3. Financial Accounting 4. Financial Management 5. Auditing 6. Regulatory compliances 7. Direct Taxation 8. Indirect Taxation 9. Corporate Laws, Industrial Laws, Commercial Laws 10. Systems Analysis, Information Technology (including ERP system) 11. Project Management 12. Banking Operations 13. Insurance 14. Valuation 15. Financial Services 16. Teaching in Finance, Accounts, Costing, Taxation, Management and subjects covered in ICWAI Syllabus (other than visiting faculty) 17. Management Consultancy Services as defined in appendix 6 under Regulation 111 of CWA Regulation, 1959 18. Any other areas approved by the Council
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