hi friends can anyone tell me is cwa ans cma same or different?if differ then what is cma bcoz i have heard both are same.thanks
2 Replies
Ankit Gupta
(Learner)
(1557 Points)
Replied 21 February 2013
CWA - Cost and Works Accountant( which was known before, when a student pass his all three level examinations he was called as CWA, ACWA,FCWA respectively.
But now,
CWA has been replaced with CMA, it is Cost and management Accountant.
So here the professional is known as ACMA,FCMA respectively.
Meanings are same, but the essence is changed, now CMA's professionalls are globally recognised and therefore the ICAI(cost) decided it to be changed
PS: Both are same for the purpose and for the students and thier studies afterall.
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