The Institute of Cost Accountants of India (ICAI) is a premier professional body of Management Accountants in the Country established on 28th May, 1959 under the Cost Accountants Act, 1959.Institute of Cost and works accountants of India is the ICWAI full form.The course offered by the ICAI is known as "CWA Course" later name changed into CMA.There are three different stages in the icwai course. The stages are CMA Foundation, intermediate and final.After completion of the 10 "&" 12th class candidate can apply for foundation.ICWAI has changed its name to ICAI and now CMA . Full form of CMA is Cost Management Accounting.
The Institute of Cost Accountants of India Provide Courses in 3 Stages.The stages are CMA Foundation, intermediate and final.After completion of the 10 "&" 12th class candidate can apply for foundation.After completion of the Foundation Course and passing graqduation 2nd year candidate can apply for Intermediate Course,and after passing intermediate take admission in Final.ICWAI has changed its name to ICAI and now CMA . Cost accountants are responsible for budgeting, cost management, performance evaluation and asset management within a company or organization. They typically collaborate as part of an executive team to create a financial plan for the organization. They may work with corporate executives or heads of companies to strategically plan for a company, or they may prepare financial reports for tax authorities, creditors, stockholders and regulatory agencies.
"The Institute of Cost Accountants of India would be the preferred source of resources and professionals for the financial leadership of enterprises globally."
"The Cost and Management Accountant professionals would ethically drive enterprises globally by creating value to stakeholders in the socio-economic context through competencies drawn from the integration of strategy, management and accounting."