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Hi,Cost Accounting is a profession which is widely respected in India. Being a Cost Accountant my self i can very well explain you the basic Personal and Professional Skills and individual would need to be a successful cost accountant.Personal and professional characteristic or skills are usually overlapping in any successful individual. You should have a good interpersonal skills so that you can have a good relationship with your junior, seniors and peers.Eye for details is needed for any person who would aspire to be successful cost accountant, you should be able to analyse the data and
Hello dear student.... First of all thank you for coming to CareerGuide.com and asking your query to us, it is our pleasure to answer your question and guide you for a better future. Coming to your query you asked that you want to do cost accounting or ICWA course but you are a graduate in Arts. Sorry to say but to do a course in cost accounting a graduate degree from accounts and finance is a must criteria and than only you can go for the course.The minimum educational criteria must be met to go for any course and degree. Cost accountants work is to
Cost Accountancy gives more weight-age to Cost Accounting as a subject. Or you can say that it is like professional degree with Costing/ Cost Accounting as a major subject. I hope you know what Cost Accounting means. This is allocating costs to each unit produced. This is more useful in manufacturing industries. Cost Accountants can do Cost Audit which is compulsory for certain manufacturing companies under the Companies Act, 1956 in India. As against this, Chartered Accountants get specialized knowledge in Taxation and Auditing. They have to undergo practical training under a qualified
Hello there! Looking at your query I can definitely say that you have touched upon a very important aspect of education, especially for Cost Accountants. I am glad that you approached CareerGuide.com for seeking clarification to this very good and unique career query.I am an Educationist and have been involved in career counselling for many students from commere / law / management stream and also I have been involved in teaching and writing on career management for many years for reputed newspapers and magazine all over India.I suppose that you are already a Cost Accountant or may be on the ve
Hi,Good to know that you want to know about [the career path of a Cost accountant][1].Its a great field and the earning potential is also very good in this sector. Let me first tell you that candidates who have just completed their [masters in business administration in finance][2] and accounting are best placed to take up the role of a cost accountant. The main job of a cost accountant is to ensure that the cost of a firm comes down and its profits are improved.The cost accountant also makes a budgetary planning for the year and shares with other planning and management department. [Accoun
Hi,Cost accountant is a professional who is responsible for the analysis and evaluation of the cost involved in various activities and come up with the cost effective solutions for them.This is a very respectable profession like all other professions.But there are certain myths about this profession.They are as follows -1)Cost Accounting is only about maths and only maths. As the name suggests it is obvious,but rather than maths there are many other things which are important for cost accounting where maths is not involved.2) Cost accountant is a tax agent. Cost accountant is not a t
Hi,To be a successful Cost Accountant the kind of work values you should have are not different from what are required for other jobs.But still to name some i will share here.Managers must work together at each stage to make decisions that increase the firm value.Coat accounting managers play a very important role in a companies financial operations They assist in decision making by establishing budgets and tracking costs of various processes and departmental activities. They work on internal documents than financial for public review.So it is very important that managers must work together fo
Hi,If you are thinking about this field you must be prepared in some way to pursue this career.But i think you are stuck up some where , i will make it easy for you don't worry.Cost accounting managers play an integral role in a companies financial operations.They assist in decision making by establishing budgets and tracking costs of various processes and departmental activities.Cost accounting managers work on internal documents than the financials for public review.I will give you a detail about the aptitude and the interests a person should have if he/she is planning to move into this sect
The cost accountant helps to diagnose the areas of uneconomic activities through cost and management information systems. He assists in strategic management decision in respect of economic activities of an organization.The services of the cost accountant are vital to the sound and profitable operations of all types of business enterprises. A cost accountant is generally involved in collection, compilation and analysis of financial information/ reports, assessing the feasibility of projects, designing and implementing effective cost control and management and performing audit work. ICWA
Its never to late to pursue education. I would suggest you to go for higher studies & become professionally qualified.Since you are a B.Com graduate & also have good knowledge of accounts, so the best option for you is CA/CWA.After completing your CA or CWA you will have ample knowledge which will help you to grow in your career. CA / CWA get good recognition & appraisal. Your career graph will start growing the moment you get ur CA / CWA degree. CA is tougher than CWA, but CA also get good packages as compater to CWA. There are three levels of exams in CA / CWA. Since you are
Cost and work accountants find placement across all industries, in the public as well as private sector , in the government , in the financial services sector , in consulting and in academia. Fellow members of Institute of Cost and work accountants of India are treated at par with PhD students for the purpose of appointment as professor, associate professor, reader , assistant professor and lecturer in professional or management colleges. They may also set up their own practice. Their client may include private and public companies, large, medium and small scale undertakings, partnerships and
Cost Accountants collect, assimilate, collate and analyse the financial information from all areas of the organization and provide their analysis to the management. Below is the list of activities that Cost Accountants do in their day to day lives:First of all they have to check their mails and respond to them as soon as possible.They arrange meetings with the clients. Either they visit the client's site or arrange video/telephonic conferences.They discuss the various audit issues with the clients. And set the deadlines accordingly. They explain all the important points to their team
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