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CAn Anybody Provide me the Info Regarding ICWA

Ankit Madhogarhia (Pursuing Final) (531 Points)

17 May 2009

HI Friends,,

My name is Ankit MAdhogarhia Studying PCC.I also want to Join ICWA also which everybody say that its similar to CA.But the problem i am not able to understand is ICWA Also require a training For 3yrs if i join both the course at a time the timing of the articles not suit to me,& the institute also wont allow me to do both course at a time.wat should i Do Should i go for ICWA also or should i continue only CA.

Regards,

Ankit MAdhogarhia

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12 Replies

Sarika (Article) (28 Points)
Replied 17 May 2009

hi, ICWA is not exactly similar to CA. After becoming icwa you will be expertised in cost accouting where as after becoming ca you will be expertised in taxation, Financial accouting, Auditing etc.

Ankit Madhogarhia (Pursuing Final) (531 Points)
Replied 17 May 2009

Hi, sarika thanks for the help but wat i mean to say is , I gone through the sylabus of both ICWA & CA .almost 60-65 % is same .but the problem to me is towards the articles of ICWA.coz if i both the course at a time the articles timing of CA & ICWA at a time.so how can i do both the course at a time.

kaustubh (CA, CS , CFM) (293 Points)
Replied 17 May 2009

better go for cs if u have some interest in it

icwa is not that compatible that much with CA

n nowadays, hardly any1 goes for it

den 2 , its ur decision

CA. Rohit Grover (ca in practice) (54 Points)
Replied 17 May 2009

yes kaustubh is right .... cs with ca will be the killer combination........instaed of doin cwa better go for cs...... ne ways in cs u hav an option of doin ur articles after claerin inter or after finals ... its upon u..... so better go for cs

CA. Rohit Grover (ca in practice) (54 Points)
Replied 17 May 2009

Ankit Madhogarhia (Pursuing Final) (531 Points)
Replied 18 May 2009

Thanks kaustubh & Rohit for helping me,but the problem is CS contains lot of theory & less of Practicals so i wanted to avoid it..& the sylabus of CA & CS Are also completely changed so its dificult to do CA & CS when compare to CA & ICWA.CAn I do CA & ICWA both at a time.IF yes How Shud I do the articles of ICWA.Should i informed to the CA institute that I am doing ICWA R not?

Ankit Madhogarhia (Pursuing Final) (531 Points)
Replied 18 May 2009

IF i Wont say to the CA institute that I am DOing ICWA LSo will their be any Problem

shiv Kumar ([CA/CS]) (75 Points)
Replied 18 May 2009

No, one should not go for courses during articleship as u have a contract of 3.5yrs so u can only join other courses which do not need training with the course or when ur CA articleship ends, u can register for other courses with prior permission from the institute in Form No 112.

Sanket (accountant) (128 Points)
Replied 18 May 2009

ICWA does not recognise 3.5 yrs articleship of CA. hence it would now be difficult to pursue both as both requires training in different fields

CA-ASPIRANT (CA-STUDENT ) (650 Points)
Replied 18 May 2009

My Dear Friend,

As you know the today scenerio is changing with very fast speed.

ICWA & CA is the best combination today. ICWAI provides a impressive platform to shape Career in DIRECT TAX . ACCOUNTS especially in INDIRECT TAX except costing and others.

You may join CWA beause Industrial training is allowed i.e only for ONE YEAR EARLIER TO FINAL EXAMANIATION

In other word, You may qualify THREE group of ICWA without practical training.

and after completing 3 groups of ICWA , if you work in INDUSTRY for one year only . You may take exam for LAST GROUP OF ICWA.

Extra 2 years practical training is required only for being member of the INSTITUTE.You may do it after completion of final examination of the institute. This is required only for being member of the institute.

CWA Akhil Vaghasiya (Mgt Trainee) (37 Points)
Replied 13 October 2009

Hi. I am Ahil an ICWA Final student. My friend sanket, above statement is right. If u want to be a member than nd than u want to do the 3.5yrs practicle training. Otherwise u can give all the groups & u will become a grad.CWA/CMA. And the training includes the t4 areas like ,

(i) Central/State Government / Semi-Government / Public Utilities (ii) Banks and other Financial Institutions (iii) Insurance Company (iv) Public Sector Unit (v) Public Limited Company (vi) Private Limited Company (vii) Information Technology Sector (viii) KPO / BPO (ix) Stock Exchange (x) Universities, Management Institutes and any other educational institute (xi) Limited Liability Partnership Firm (xii) Management Consultancy Firms (xiii) NGO (xiv)Co-operative societies engaged in Banking or Manufacturing and (xiii) Any other institution as approved by the Council from time to time

So if u will start job in any of the above field after ur CA & ICWA Inter registration than this job will bw alligible as a training...:)

Subramanyam Challapalli (BOM) (105 Points)
Replied 17 October 2009

Joining ICWA or CA is almost the same, both are accounting courses and if you really want to do CS then go for ICWA and after finishing final go for CS, you will get 5 papers in CS Course as exemption a facility which CA course never has with any professional institute in India.

Moreover, if you are going for employment, in the field of Finance and Accounting, both are equally sought after and with the government mulling for mandatory cost audit for all manufacturing companies ICWA is as fair a game as CA.