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Confusion with ACS and ICWAI

gemini (developer) (73 Points)

06 January 2009

Hi friends, I am a non-commerce graduate and working in a software company as a developer. I am very much intrested in finance so i am willing to do ACS or ICWAI. I dont know about these two courses. Kindly tell me the duration, job oppurtunities for these two courses. And kindly tell me about the industrial trainings for these courses. Thank you friends.

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7 Replies

Jeet Biswas (ACMA (in Service)) (5073 Points)
Replied 06 January 2009

Dear gemini, CS (which leads to ACS & FCS) has its focus more upon law & corporate governance. CWA is focussed upon Management Accounting. Which Domain of Finance are u interested in? If u r interested in capital mkts, u can even do CFA US.

gemini (developer) (73 Points)
Replied 06 January 2009

Hi Jeet, Thanks for your instant valid reply. You told about domains in finance. Can you share me about the domains in finance since i am unaware of this. Kindly tell me the duration for the CS and ICWAI. Thank you very much.

Jeet Biswas (ACMA (in Service)) (5073 Points)
Replied 06 January 2009

Domains...there r many..

Havin said abt CS & CWA above & assuming tht u knw abt CA...the other popular domains are:

1. Risk Planning: Predominantly dominated by FRM USA.

2. Equity Analysis, Research & Financial Planning: CFA USA

3. International Accounting & Taxation: CPA frm AICPA USA

4. There are many Short Term Courses like CFP & CIB(ICFAI).

5. And Of course u are aware of MBA Finance...

Duration for CS & CWA are roughly 3-4 years. CS has 15 months Internship & CWA has 36months interns.

gemini (developer) (73 Points)
Replied 06 January 2009

Thanks jeet. Its very useful for me. I prefer to do CS since i can finish it in short term than ICWAI. Kindly Guide me in this since i am non-commerce graduate. Kindly tell me about the job oppurtunities and the pay tendadtive scale for CS. Thank you once again.

Jeet Biswas (ACMA (in Service)) (5073 Points)
Replied 06 January 2009

CS is a respectable qualification.Corporate Governance can only get better from here. So thr wont b any dearth of opportunities. & Regarding pay packets, it wud b better if u can contact a few established CSs...

gemini (developer) (73 Points)
Replied 07 January 2009

Thank you very much jeet.

It is really help me a lot to avoid the confusion,

I made a decision to register for CS.

I expect your guidence to complete this succssfully.

Thank you once again.

(Guest)

The scope CWA is more wider than C.S, Those who are adviced you that cwa is a time taking course, thats not right because what a C..A Can not do a CWA can do, According to my experience CWA more preferable for you than C.S, if you want to equated with others e.g (ACCOUNTANT) then first come to the cwa course, it is a chance for you when you completed the cwa course there is much more exemptions(Papers) for C.S Course.