Is icwai equivalent to ca

as far as job prospects are concerned ca ranks first and cwa may be regarded as a value addition course in my opninon

Originally posted by : raa
	as far as job prospects are concerned ca ranks first and cwa may be regarded as a value addition course in my opninon

It is not like that, both are parallel,

The course content of both the courses are equivalent and in fact it is more deeper in ICWA.

All over the countries both the profession of Financial Accountant and Cost & Management Accountant are in co-existence. However, in India it is seen that the avenue for CMAs are supressed by the ICA mostly out of fear with the result it appears to the public that ICWA is inferior to CA.

In the years to come, it is certain that  the Cost and Management Accountant profession will edge over the CA Profession

There are same qualification for different discipline just Like B.Sc. It may be on Physics, Chemistry or Botony etc. When the requirement is a "Science graduate" any one with these discipline can apply. Whereas when the requirement is "B.Sc, with Physics" only the graudates in Physics discipline can apply. Similar way, logically for any Accounts or Finance Post both the ICWA and CA are eligible

Dr. D. Selvaraj, Ph.D. (Eco.)

All over the world , CA or CPA are having main domain in public accounting and auditing. While CWA or CMA or CIMA are mostly oriented towards private jobs in industries. They are given limited public services across the world.

United States

In the United States, legally practicing accountants are Certified Public Accountants (CPAs), and other non-statutory accountants are Certified Internal Auditors(CIAs), Certified Management Accountants (CMAs) and Accredited Business Accountants (ABAs). The difference between these certifications is primarily the legal status and the types of services provided, although individuals may earn more than one certification. Additionally, much accounting work is performed by uncertified individuals, who may be working under the supervision of a certified accountant. However, as noted above the majority of accountants work in the private sector or may offer their services without the need for certification.

A CPA is licensed by the state of their residence to provide auditing services to the public, although most CPA firms also offer accounting, tax, litigation support, and other financial advisory services. The requirements for receiving the CPA license varies from state to state, although the passage of the Uniform Certified Public Accountant Examination is required by all states. This examination is designed and graded by the American Institute of Certified Public Accountants.

A CIA is granted a certificate from the Institute of Internal Auditors (IIA), provided that the candidate passed a rigorous examination of four parts. A CIA mostly provides their services directly to their employer rather than the public.

A CMA is granted a certificate from the Institute of Management Accountants (IMA), provided that the candidate passed a rigorous examination of two parts and meet the practical experience requirement from the IMA. A CMA mostly provides their services directly to their employers rather than the public. A CMA can also provide their services to the public, but to an extent much lesser than that of a CPA.

An ABA is granted accreditation from the Accreditation Council for Accountancy and Taxation (ACAT), provided that the candidate passed the eight-hour Comprehensive Examination for Accreditation in Accounting which tests proficiency in financial accounting, reporting, statement preparation, taxation, business consulting services, business law, and ethics. An ABA specializes in the needs of small-to-mid-size businesses and in financial services to individuals and families. In states where use of the word "accountant” is not permitted by non state licensed individuals, the practitioner may use Accredited Business Adviser.

Public Accountants. In certain states, state law grants State Public Accountant to practice accountancy and taxation (except for audit).

The United States Department of Labor's Bureau of Labor Statistics estimates that there are about one million persons^[5] employed as accountants and auditors in the U.S.

U.S. tax law grants accountants a limited form of accountant-client privilege.

CMA or CWA are much more related with domain of MBA Finance. Better Persue CWA as wella alongwith CA

CA is Accounts,Adit and tax oriented but ICWA is costing,budget,finance oriented.