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Way2K Author Name : Way2K
Profession : Accounts

CA Vs ICWA

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Difference

Category CA-Chartered Accountancy ICWA-Cost Accounting
Scope of study
In depth knowledge on every aspects of accounting, auditing and taxation.
Understanding the role and aspects of cost and financial management to ensure a fine balance between expenditures and available resources.
Area of specialization
CA's are involved in core accounting work, looking into day-to-day business.
Cost accountants are involved in the costing part of financial transactions.
Work
  • Analyzing risk and design of efficient financial.
  • System taxation and auditing work.
  • Finalizing and certifying the annual reports and balance sheets.
  • Assessing the feasibility of projects in relation with available funds.
  • Designing cost control and management system.
  • Suggesting effective cost cutting measures.
Specific skills
  • Logical and methodical approach in work.
  • Attention to details.
  • Patience and confidence to handle responsibility.
  • Analytical mind to interpret facts and figures.
  • Attention to details.
  • Patience and confidence to handle responsibility.
Which to choose?
If you are extremely good at general accounting and number crunching, and wish to delve( to search deeply and laboriously) more into it, go for CA.
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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