Chennai, Sept 11: The Institute of Cost and Works Accountants of India will introduce a new syllabus from next year, to upgrade the educational skills of students, under which a student will be required to undergo the mandatory three year practical training.
All out efforts were also being made to upgrade the knowledge of members by introducing specialised post qualification courses such as valuation, financial services and system audit, president of the institute Chandra Wadhwa told reporters here.
Today, no agency was giving any bench marking for the cost of products in respect of any industry, he said. Hence, ICWAI proposed to develop bench marking of different products of Indian industry in terms of cost and productivity, he said, adding that the council had constituted a committee on bench marking, which would select the products to be benchmarked.
He said moves were afoot to set up an apex body on the lines of the Medical Council of India to set the standards of education in the field of accounting and for accreditation of educational institutions.
The demand for junior accountants would increase to about a million by the next ten years, he said.
The institute would organise a global summit on management accounting in Delhi from January 10 to 12, 2008. Professor Robert Kaplan, an expert in activity based costing , would address the gathering, he said. (Agencies)
Published: Tuesday, September 11, 2007
New syllabus for ICWA
Last updated: 12 September 2007
Comments
Recent News :
- Gujarat SGST Department Detects Rs 3.53 Crore Tax Evasion in Tobacco and Battery Sectors
- ED Arrests Bengaluru Man For Manipulating ITRs, Securing Fraudulent Tax Refunds
- Biometric Authentication to Launch at 46 GST Service Centres in MP to Prevent Fraud
- 18% or 5% GST: Houseboat Industry Battles Tax Woes
- ICAI Joins Hands with CBSE to Revolutionize Skill-Based Accounting Education
- CBDT Mandates e-Filing for Forms 42, 43 and 44
- RBI Warns Banks: Stop Freezing Accounts Over KYC Issues
- Kerala GST Department Revises Adjudication Process for Show Cause Notices
- FM Nirmala Sitharaman Calls for Affordable Bank Interest Rates to Boost Investments
- Income Tax Department Stresses TDS Adherence for Mizos Despite Tax Exemption
Popular News
- Income Tax Department Cracks Down on Bogus Refund Claims, Sends Notices to Taxpayers
- CBIC Extends GSTR-3B Filing Deadline for Oct 2024 to Nov 21 for Maharashtra and Jharkhand
- GSTN: Resolution Underway for Duplicate Invoices in GSTR-2B for September and October 2024
- ICAI Urges MCA to Reconsider NFRA's Audit Standard Amendments
- NFRA Chairperson Justifies Audit Standards Revision Amid ICAI Opposition
CAclubindia
