Cost And Management Accountants

Job Description:

One of the main areas of work for a Cost Accountant is budgetary control. They evaluate operational efficiency and the effectiveness of production and service management, guide managerial decisions, and identify attributes for cost and profit variance. They also act as tax consultants; advisors on company matters, mergers, acquisitions etc.

Educational Qualification:

Membership of the Institute of Cost and Work Accountants of India (ICWAI) headquartered in Calcutta with regional offices at Calcutta, Chennai, Mumbai and Delhi, is the only prescribed qualification for entry into this profession. Membership is granted after clearing the preliminary or foundation, intermediate and final examinations conducted by the institute and also after acquiring three years of the requisite practical training.

See Examination Details in APYL Career Counselor under ‘Examinations in India’.

Opening:

There are excellent job prospects as Government has made it compulsory for as many as thirty-eight classes of companies to have internal cost audit. Moreover, the business organizations have realized the benefits of having the services of a cost accountant.

Remuneration:

Starting salary is Rs. 10,000 per month (excluding other allowances)