IMMORTAL PROGRAMMES CA CS ICWA Inspiring Aspirants For A Better Career
“Every Successful person has a painful story. Every painful story has a successful ending. Accept the pain and get ready for success.”
The reason for talking about these three professions in the same breath is that all three fall under the jurisdiction of the Ministry of Corporate Affairs. The bodies responsible for educating and training professionals in the respective fields are different, and work independent of each other.
While a chartered accountant (CA) is trained by The Institute of Chartered Accountants of India (ICAI), a cost and works accountant (CWA) is a descendant of The Institute of Cost and Works Accountants of India (ICWAI). A separate statutory body, The Institute of Company Secretaries of India (ICSI), churns out company secretaries (CS). Of the three professions, the statutory powers enjoyed by a CA is much wider in scope than those of a CWA or CS.
|ICAI students-clear the final exam
Complete3year of articled training
15day general management and communication skill course.
|At first you need to register for the Common Proficiency test than after three month you may able to appear in the examination. You must apply before 60 days of the examination i.e. before 1st April and 1st October for appearing in examination that would be held in the month of June and December respectively.
|· For a candidate to be eligible for this exam, he should have cleared 10+2 exams. Provisional registration is also allowed for students of 10+2 awaiting their results.
· Students who have cleared CA-CPT or have cleared CMA Foundation Exams or students who have a Master’s degree in any discipline other than Fine Arts are exempt from appearing CS Foundation Exams.
If you are 10+2 pass students you are eligible for registering in any of 3 courses.
You also earn stipend the amount of which depends on what the company choose to give you.
|1.||Knowledge of cost and financial management to ensure a fine balance between expenditure and available resources.||Through knowledge of every aspect of accounting ,auditing and taxation||CS will be a master of corporate laws and practice and will be able to act as a direct advisor to the board of directors of the company.|
|2.||Cost accountants are involved in costing part of financial transactions.||CAs are involved in core accounting work of an organization||Company Secretaries are the company’s named representative on legal documents|
|3.||Cost accountant access the feasibility of projects available funds.||They analyze risk and design efficient financial system||CSs can work as legal experts, corporate planner and strategic manager, chief advisor to the board of directors and as executive secretary to MD or CEO of any reputed company.|
|4.||Cost management and designing cost control methods are main duties of a cost accounting||Taxation and auditing a main duties of a CA.||It is also their responsibility to register and communicate with shareholders, to ensure that dividends are paid and to maintain company records, such as lists of directors and shareholders, and annual accounts.
What to choose?
You may choose to do one, or get qualified in all three courses, increasing your skill set base and gaining a huge competitive edge in the job market. If you are oriented towards audit, tax aspects and financial accounting, then opt for CA. CWA tackles study relating to cost and management accounting in great detail. Company secretary ship deals with legal aspects threadbare. The job prospects of being a CWA are not as varied as they are for a CA. A CA has the authority to verify and certify all accounts including the balance sheet of an organization, unlike a CWA, whose expertise is limited to analyzing and determining organizational and management costs. Though the role of CS can’t be compared to that of accounting professionals, every organization needs them for sound advice on corporate, legal, secretarial, administrative and even tax-related matters