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Chartered Accountancy
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ICWA- Cost Accounting
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scope of study
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In depth knowledge on every aspects of accounting, auditing and taxation.
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Understanding the role and aspects of cost and financial management to ensure a fine balance between expenditures and available resources.
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area of specialisation
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CAs are involved in core accounting work, looking into day-to-day business.
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Cost accountants are involved in the costing part of financial transactions.
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work
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analysing risk and design of efficient financial system
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taxation and auditing work
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finalising and certifying the annual reports and balance sheets
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assessing the feasibility of projects vis-à-vis available funds
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designing cost control and management system
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suggesting effective cost cutting measures
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specific skills
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logical and methodical approach in work
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attention to details
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patience and confidence to handle responsibility
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analytical mind to interpret facts and figures
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logical approach in work
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attention to detail
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ability to communicate expressly and clearly
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which to choose?
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If you are extremely good at general accounting and number crunching, and wish to delve more into it, go for CA.
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If you are interested to be a specialist in cost management rather than general accounting, cost accounting (ICWA course) would suit you.
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