FULL FORM OF ICAI

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            ICAI stand for Institute of Chartered Accountants of India. This institute was previously known as The Institute of Cost and Works Accountants of India ( ICWAI). In 1959 the Institute was established under the Cost and Works Accountants Act. The act declared the institute as a statutory professional body for the regulation of the profession of cost and management accountancy. ICMAI has been responsible greatly for the changing and improving industrial and economic condition of India. Its headquarter in Kolkata and has three other regional  located on Chennai,Delhi and Mumbai.

FUNCTION OF ICMAI

          ICMAI is constantly working to grow some of the objectives are as follows --

  1. Making Cost and Management Accountancy a helpful tool in all economic activities.
  2. Implementing effective and scientific methods in Cost and Management Accountancy.
  3. Keeping updates with all the changing happens in the field and economics as a whole.
  4. To hold conference on new and updated professional subjects that might and to the existing Cost and Accounting subjects.

CAREER OPTION 

      After doing the course a numbers of career options are open. Cost Accountants are always in high demand in the public and private sectors,Banking and finance,developmental Agencies,Education and research etc. Some common job titles for CMA professionals include-

  • Finance Manager
  • Financial Analyst
  • Financial Controller
  • Chief Financial Officer
  • Certified Management Accountant
  • Finance Director




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