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COST ACCOUNTANT
- INTRODUCTION
- CAREER OPPORTUNITIES
- COLLEGES IN INDIA
- COLLEGES IN ABROAD
- COURSES
- ROLES AND RESPONSIBILITIES
Cost accounting is a process of collecting, recording, classifying, analysing, summarizing, allocating and evaluating various alternative courses of action & control of costs. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability.
The Institute of Cost Accountants of India (ICAI) formerly known as ICWAI (Institute of Cost & Works Accountants of India) is a premier institution of India which offers education and develops the profession of Cost Accountancy in the country.
Cost Accountants are in great demand in government sector, private sector, banking & finance sector, developmental agencies, education, training & research sector as well as in service and public utility sector. Further, in view of their specialized knowledge and training, CMAs may hold top management position in public and private sectorsā enterprises like Chairman cum Managing Directors, Managing Director, Finance Director, Financial Controller, Chief Financial Officer, Cost Controller, Marketing Manager and Chief Internal Auditor and other important positions.
- Professor
- CEO and CFO
- Cost Controller
- Finance Director
- Chief Accountant
- Managing Director
- Marketing Manager
- Financial Controller
- Chief Internal Auditor
- Indian Cost and Accounts Service (ICAS)
- Further study for Cost Accountant (A member of ICAI
| College | Location |
| Institute of Cost Accountants of India, New Delhi | New Delhi |
| Institution | Location |
| Institute of Management Accountants, USA | USA |
- CMA Foundation
- Intermediate
- Final course
| Foundation | Intermediate | Final |
| Paper: 1, Part: I - Fundamentals of Economics
and Management (FEM) - Economics - Paper: 1, Part: II - Fundamentals of Economics and Management (FEM) - Management - Paper: 2Ā - Fundamentals of Accounting (FOA) - Paper: 3Ā - Fundamentals of Laws and Ethics (FLE) - Paper: 4Ā - Fundamentals of Business |
Group : IĀ Paper 5: Financial Accounting (FAC) -
Group: IĀ Paper 6: Laws & Ethics (LNE) - Group: IĀ Paper 7: Direct Taxation (DTX) - Group: IĀ Paper 8: - Cost Accounting (CAC)- Group: IIĀ Paper: 9, Part - i: Operations Management & Strategic Management Operations Management (OMSM)- Group: II Paper: 9, Part - ii: Operations Management & Strategic Management Strategic Management (OMSM) - Group: IIĀ Paper: 10:Ā Cost & Management Accounting and Financial Management (CMFM) - Group: IIĀ Paper 11: Indirect Taxation (ITX) - Group: IIĀ Paper 12: Company Accounts & Audit (CAA) |
Group : IIIĀ Paper 13: Corporate Laws
Group: IIIĀ Paper 14: Strategic Financial Management (SFM) - Group: IIIĀ Paper 15: Strategic Cost Management - Decision Making (SCMD) - Group: IIIĀ Paper 16: Direct Tax Laws and International Taxation (DTI) - Group: IVĀ Paper 17: Corporate Financial Reporting (CFR) - Group: IVĀ Paper 18: Indirect Tax Laws & Practice (ITP) - Group: IVĀ Paper 19: Cost & Management Audit (CMAD) - Group: IVĀ Paper 20: Strategic Performance Management and Business Valuation (SPBV) - |
Ā
- Help in ascertainment of cost
- Help in Cost reduction
- Elimination of wastage
- Help in identifying unprofitable activities
- Help in fixing selling Prices
- Help in controlling the supply of material
- Help in Classification and Subdivision of costs