CA vs ICWA

CA Sanat Pyne (F.C.A. & M.COM) (19992 Points)

13 August 2010  

CA vs ICWA

 

 

 

Chartered Accountancy

ICWA - Cost Accounting

 

scope of study

In depth knowledge on every aspects of accounting, auditing and taxation.

 

Understanding the role and aspects of cost and financial management to ensure a fine balance between expenditures and available resources.

 

area of specialisation

CAs are involved in core accounting work, looking into day-to-day business.

 

Cost accountants are involved in the costing part of financial transactions.

 

work

analysing risk and design of efficient financial system

taxation and auditing work

finalising and certifying the annual reports and balance sheets

 

assessing the feasibility of projects vis-à-vis available funds

designing cost control and management system

suggesting effective cost cutting measures

 

specific skills

logical and methodical approach in work

attention to details

patience and confidence to handle responsibility

 

analytical mind to interpret facts and figures

logical approach in work

attention to detail

ability to communicate expressly and clearly

 

which to choose?

If you are extremely good at general accounting and number crunching, and wish to delve more into it, go for CA.

 

If you are interested to be a specialist in  cost management rather than general accounting, cost accounting (ICWA course) would suit you.