Full Form of ICWA
Institute of Cost and Works Accountant
ICWA Full Form is Institute of Cost and Works Accountant. It is currently known as ICAI or Institute of Cost Accountants of India. The primary objective of this professional institute is to regulate, promote, and develop Cost Accountancy as a profession. It is perhaps the only licensed body for cost accountancy management in India. ICWA was established in May 1959 and has its headquarters in Kolkata.
The course of ICWA is presently called as CMA, which means Cost Management Accounting. There are 3 stages to complete ICWA course which include CMA – Foundation, CMA – Inter and CMA – Final. Candidates who have passed HSC/ 12th Class (10+2) can enroll themselves into ICWA or CMA foundation exam.
One can complete the entire course through correspondence or online through an accredited university. The foundation course lasts for 6 months and the intermediate program lasts for 12 months. This will be followed by 3-year management training and a 1-year final course.