The Institute of Cost and Accountants of India (ICAI) is the only recognized statutory professional organization and licensing body in India that specializes in Cost and Management Accountancy. There are several training programmes and online accounting courses offered by ICAI. Each one of these programs is specialized and contributes to the economic empowerment of the nation. The programs are designed around Cost and Work Accountancy and can be pursued after +2 or graduation. The various courses offered by ICAI are divided into three categories Foundation, Intermediate and Final.
Career prospects after ICAI:
Cost accountants are of great value to business firms and organizations more and more businesses are becoming increasingly aware of the importance of cost accountants and their ability to contribute towards the business objectives. All sectors of the economy are searching for valuable cost accountants, who have qualified CMA courses in Kottayam.
Some of the top most positions that reputed business across different industry verticals offer ICAI qualified individuals include:
- Finance Director
- Financial Controller
- Chief Accountant
- Cost Controller
- Marketing Manager
- Chief Internal Auditor
Cost accountants also enjoy lucrative salary packages. The average salary package for cost accountants varies between 4 lacs to 6 lacs per annum.
A cost accountant can also pair up their job with teaching. The salary packages are high as the cost accountants are considered more credible and knowledgeable. After graduation, an ICAI qualified can apply for an M. Phil or Ph. D programme in commerce. The Cost and management accountants are a part of the all India cadre known as Indian Cost Accounts Service (ICAS).
Eligibility criteria for ICAI:
Foundation course:
One must have completed 10 + 2 or senior secondary or intermediate examination of a Board/University recognized by the Central Government or State Government or any other examination equivalent to and recognized by the All India Council of Technical Education or National Council of Higher Education.
Intermediate Course:
Pursued a course at the 10 + 2 +3 level or at the foundation level examinations.
Final course:
There are no minimum qualifications. One may be graduate or post-graduate from a reputed college/ university.
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