ICWAI organising a global summit on management accounting in January 2008 in Delhi where the father of Activity-Based Costing (ABC), Prof Robert Kaplan, will participate. Our co-hosts will be the institutes from Pakistan, Bangladesh and Sri Lanka, while IMA-US, CMA-Canada and CIMA-UK will be technical partners.
In addition to the present shortage of 25,000 qualified finance professionals, there will be a demand for 10 lakh accountancy-trained personnel in the next 10 years at a the junior level, says Mr Chandra Wadhwa, the newly elected President of the Institute of Cost and Works Accountants of India (ICWAI). "We are in the process of introducing a certificate course for Accounting Technicians to meet the shortage"
| Cost Accounting Standards | |
| Cost Accounting Standard Number (CAS NO) | Title |
| CAS 1 | Classification Of Costs |
| CAS 2 | Capacity Determination |
| CAS 3 | Overheads |
| CAS 4 | Cost Of Production For Captive Consumption |
| CAS 5 | Average Cost Of Transportation |
| CAS 6 | Arm's Length Price |
| CAS 7 (Draft) | Costing of Joint Products & By Products |
The Executive Committee of Council of the Institute in its 342nd meeting held on 3rd Aug 2007, decided to increase the examination fee.
| Course | Existing Fee (Rs) |
Revised Fee (Rs) |
| Foundation | 500 | 700 |
| Intermediate (Single Stage) | 500 | 700 |
| Intermediate (Both Stages) | 1,000 | 1,400 |
| Final (Single Stage) | 600 | 800 |
| Final (Both Stages) | 1,200 | 1,600 |
The fees will be effective from Dec 2007 examination.
| Course | No of Students passed |
| Foundation | 1,451 |
| Inter (Stage-I) | 1,870 |
| Inter (Stage-II) | 381 |
| Inter Completed (Either by writing one or both) |
1,651 |
| Final (Stage-III) | 404 |
| Final (Stage-IV) | 313 |
| Final Completed (Either by writing one or both) |
860 |
| Note: | If a student wrote only one stage, by passed that stage causes to completed his/her inter/final, then that students are included in the list of both completed not in the list of single completed. |
