Difference between ICWAI and Chartered Accountancy Course


The objective of undergoing the course from Institute of Cost and Works Accountants of India is to gain expertise in the field of Cost Accountancy and Management Accountancy. It helps in enhancing cost management expertise. The regional councils of the institute are located in the four metros of the country i.e. Delhi, Mumbai, Kolkata and Chennai.

ICWAI course and opportunities

The ICWAI course is divided into three parts. The first part is the foundation course, where the minimum qualification is 10+2. Candidates who have appeared for the 10+2 exam and are awaiting results can appear for the foundation course. On clearing the foundation course the students are eligible for the intermediate course. Students who have completed their graduation need not appear for the foundation test. They can directly appear for the intermediate course. On clearing the intermediate course students can appear for the final course. Those interested in corporate life can hold positions like Internal Auditor, Finance Manager and Cost Controller etc after completing the course.

CA course and opportunities

Chartered Accountancy Course is a professional course in the field of Accounting. The Institute of Chartered Accountants of India (ICAI) was formed to enroll the CA practitioners and to set norms for CA course. CA course is about financial management, taxation and accounting. As it shows, it is much broader in syllabus and hence the opportunities associated with it too. CA course can help you start your own CA firm or join a firm’s financial accounting department or serve in taxation departments and so on.

Key differentiators between two courses

CA course is much broader compared to ICWA. CA practitioners are allowed to operate individually where as ICWA guys can only work in companies. The service of a CA is required in almost all businesses irrespective of their size for taxation and account keeping purposes. Moreover according to the Company Act only registered CA’s in professional practice are allowed be auditors of any firm. Those who want to pursue CA need to appear for an exam called CPT and then undergo on practice training in the areas of accounting, auditing and taxation. Unlike ICWA, CA course is much more practical oriented and suited for those who want to pursue a career as an independent practitioner. However they are preferred in firms also as financial executives, managers, tax consultants as well as even to the highest office of CFO. However ICWA is much more suited for those who want to specialize in costing.



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17 Responses to “Difference between ICWAI and Chartered Accountancy Course”

  1. 17
    anil pokale:

    PL. sent me ca & icwa syllabus.

  2. 16

    I just want to know the more details difference between CA & iCWAI Course with syallabus

  3. 15
    bhor sunil:

    CA or ICWA which course is most benificial to job opportunities

  4. 14
    Suraj Phalke:

    CA & ICWA which is better for income ?

  5. 13

    i m a b-tech(mechanical) graduate,2010.Now working in a reputated core company as a maintenance engg. For better carrer options i want to join ICWAI.Completing this course being already in a job is a ltl tough i think. But if i get better carrer options i will definitely go for it. Plz share ur valuable guidance.thanks

  6. 12

    I’m currently pursuing my MBA 1st year, m also interested in icwa. after completion of mba in finance if i go through ICWA course would i get better job oppurtunities?
    wher should i enroll for icwa and what could be d fee structure for entire ICWA course?

    plz let me knw info regarding this….. plz…


  7. 11

    Techiques of studying icwai course.Time requirement per day for study icwai

  8. 10

    i am a b.com graduate.i also do my m.com(completed on july2012).now i am working as an accountant in qatar.i interested to continue my studies in finance sector.which is the better course for to study along with my job, that will help to improve my carrier?fees structure also

  9. 9

    Job apportunity of icwa?

  10. 8

    my CPT exam is on december i want to ask that if i clear the CPT exam then can i give the IPCC exam after completing my graduation

  11. 7

    can a icwai finalyear student dothe icsi courses in executive programm /?

  12. 6

    i am studing in final bcom in kannur unvercity, i would go icwa cource.but i m not sure about the scope of this course. PLS guide me through the cource and job opportunities after this courses?

  13. 5
    shaikh farhan ahmed:

    exemption after completing icwai to ca.

  14. 4

    i have given the exams of b.com final .now i want to go for post graduate. i am interested in finance sector. which is better mba in finance or icwai.

  15. 3

    Can i know the document of enterance cpt exam

  16. 2

    Will possible Icwai can becomes an cfo with any additional course or not.. Or ca must to have for it..
    Help me…

  17. 1

    for doing charatered account how much it will cost