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 |
