INTRODUCTION
A course in Cost and Work Accounts work would
cover structuring business policy of a company to
give a forecast for projects on the basis of past and
present financial performances.
COURSES
Foundation Course
Intermediate Course (Part I)
Intermediate Course (Part II)
Final Course (Part III)
Final Course (Part IV)
ELIGIBILITY
For Foundation Course
10/10+2 pass as equivalent thereto or has passed NDC Examination held by AICTE or any State Board of Technical Education, or the Diploma in Rural Service Examination conducted by the National Council of Higher Education.
For Intermediate Course
Passed 10+2 and Foundation Course of the Institute of Cost Accountants of India/ 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.
INSTITUTES/UNIVERSITIES
The Institute of Cost Accountants of India, Bangaluru, Karnataka
Jamal Mohamed College, Tiruchirappalli, Tamil Nadu
Tiruchirapalli Chapter of ICWAI, Tiruchirappalli, Tamil Nadu
Visakhapatnam Chapter of ICWAI, Visakhapatnam, Andhra Pradesh
Trivandrum Chapter of ICWAI, Thiruvananthapuram, Kerala
Mysore Chapter of ICWAI, Mysuru, Karnataka
Madurai Chapter of ICWAI, Madurai, Tamil Nadu
SKILLS REQUIRED FOR COSTS AND WORKS ACCOUNTS
You should be able to managecost accountingprocedures & methods. You must have a goodknowledgeof standard concepts, procedures, and practices in the related field. You should be able to perform several tasks and must have good presentationskills.
DUTIES AND RESPONSIBILITIES FOR COSTS AND WORKS ACCOUNTS
Prepare monthly journal entries manually or by initiating electronic creation through our software program
Review JEs carefully for anomalies and other inconsistencies
Prepare monthly and quarterly accounting reports for submission to management
Conduct inventory reserve analysis on a quarterly basis and generate reports for senior management
Assist the Staff Accountant with suggesting changes to policies or procedures to increase cash flow
Review rates of depreciation, labor and overhead and suggest policy changes to improve numbers
Classify costs accurately
Generate PPV reports and analyze findings
Establish standard costs and update them as appropriate
Maintain and review the general ledger and reconcile balance sheets
Analyze costs of raw materials and other supplies and create cost-benefit analyses for changing vendors