The full form of ICWAI stands for “The Institute of Cost & Works Accountants of India”, popularly known as ICWA institute.
Institute of Cost & Works Accountants of India (ICWAI) has changed its name to The Institute of Cost Accountants of India (ICAI) recently. Also, the term “ICWA” course has changed into “CMA” course and the full form of CMA translates into “Cost and Management Accountant”. There is no difference between ICWAI and CMA. They are two different words used to describe the same course.
The ICWA (CMA-INDIA) course is on professional lines which needs application oriented study, the syllabus and papers are set to the standards that meet the present needs of the market to face the future challenges therein. One can have bright growth prospects in practicing as they learn real life situations and are exposed to challenges and problems, where as if one works in a company they are accustomed to a routine work. There is no specific time limit for admission to Cost Accountancy course. This is a 24/7 available course and students can join any time and in any part of the year.
Eligibility Foundation level: Those who had passed Class 10 or equivalent from a recognized Board or Institution. Intermediate level: Those who had passed Senior Secondary School Examination (10+2) & Foundation Course of CMA (ICAI)/ Graduation in any discipline other than Fine Arts/ Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute OR Passed Foundation of ICSI/Intermediate of along with 10+2.