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.