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  1. #1

    Detail information about Cost Accounting and Financial Management? What is the scope after completing these courses?

    Hello respected sir and madam, I am worried about my future and wanted to go for cost accounting and financial management course. so plz provide me details and scope.

  2. #2
    adi_netgenie Array
    Join Date
    Mar 2012

    Re: Detail information about Cost Accounting and Financial Management? What is the scope after completing these courses?

    both the field that you have mentioned have its own aspects and scope as well

    COST ACCOUNTING: you may enroll for B.Com after 12 and then enroll for a course in .Cots Accounting" or you can directly enroll for cost accounting after 12th... but my opinion is enroll after becoming a B Com grad. as it will help you in many ways. you will have a strong foundation in commerce before you go for tough course like cost accounting

    you can enroll for cost accounting in the following institutes.these are the best institutes in India

    1.Institue of Cost Accountants in India
    The Institute of Cost and Executive Accountants (ICEA)
    3.St.Xaviers College

    after this courses, your demand in the professional arena will increase in manifold. you can get jobs in various national and multi national companies as cost accountant. they offer good salary to these employees along with all other necessary can get jobs abroad even . there is great demand for cost accountants in the internal market can also work as contract basis to different must be very diligent as this profession needs lots of labour and hard work . the scope is aplenty both in India and abroad. you m uts have good communications skill

    FINANCIAL MANAGEMENT: Management is the new trend as well as the need or demand of the modern era. the most demanded professionals are from this can find many jobs in both government and private sector after doing management is really a great stream and after doing it you will get jobs whose salary will be anything between 4-9 lakhs per annum
    after passing 12th you have to do graduation. then sit for various entrance to the B,Schools and crack one of them to get a seat for the financial management . IIMs are mostly preferable followed by some other reputed private must appear for CAT,MAT,GMAT etc
    so you can see it is quite evident that there is a lot of scope in this field also and even in the international professional sector, there is huge demand for candidates from this stream

    top colleges of INDIA

    1.IIM Ahmedabad
    2.IIM Kolkata
    3.IIM Bombay
    4.Indian Institute of Financial Management IIFM
    5.The Institute for Financial Management and Research (IFMR), Chennai
    6.The Institute The National Institute of Financial Management (NIFM)

    try to get admitted in these........your career prospects will be better and brighter on graduating from these institutes!

    BEST OF LUCK ...!!!!

  3. #3
    Alpesh_027 Array
    Join Date
    Feb 2013

    Re: Detail information about Cost Accounting and Financial Management? What is the scope after completing these courses?

    Cost Accounting

    Education Qualification:

    Minimum eligibility required for the Foundation Course for ICWA is 10+2 or an equivalent examination

    Age: 17 Year

    Step:- 1

    Duration: 8 Months

    Important Dates: 18th to 21st june & on 26th to 29th December

    Couse of Study:

    Paper 1: Organization & Management Fundamentals
    Paper 2: Accounting
    Paper 3: Economics & Business Fundamentals
    Paper 4: Business Mathematics & Statistics Fundamentals

    Step: 2

    Duration: 10 Months

    Age: Not less than 18 year

    Note: Has passed degree Examination of any recognized University or equivalent

    Couse of Study:


    Paper 5: Financial Accounting (One Paper: 3 hours:100 marks)
    Paper 6: Commercial & Industrial & Auditing (One Paper: 3hours:100 marks)

    A. Commercial & Industrial Law (50 marks)
    B. Auditing (50 Marks)

    Paper 7: Applied Direct Taxation (One Paper: 3 hours:100 marks)


    Paper 8: Cost & Management Accounting (One Paper: 3hours:100 marks)
    Paper 9: Operation Management & Information Systems (One Paper: 3hours: 100 marks)

    A. Operation Management (50 marks)
    B. Information Systems (50 marks)

    Paper 10: Applied Indirect Taxes (One Paper: 3 hours:100 marks)

    Step: 3

    Final course

    Note: one can apply for the final Examination after one clearing all the 8 Papers in the Intermediate.

    Final Exam Syllabus:

    1. All the 8 Papers
    2. Dissertation (5000 words)
    3. Computer (100 hours)
    4. Modular training (15 days)
    5. Audit/Industrial Training (6 months)

    Career Option:

    1. Equity
    2. Debt Sales
    3. Investment Banking
    4. Stock Markets, Stock Brokers & Investment Analysys
    5. Venture Capital

    Financial Management

    Education Qualification:


    For admission into a bachelor’s degree, the candidate must have passed the higher secondary education or 10+2 examination with commerce subjects such as accounts, maths and economics. The duration for this program is of 3 years.
    Career Option:


    For admission into a master’s degree a must have a bachelor's degree with commerce subjects such as accounts, maths and economics. The duration for this program is of 2 years.

    Career Option:

    Risk Manager
    Finance Officer
    Insurance Manager
    Finance Controller
    Director of Finance
    Chief Financial Officer
    Credit and Cash Manager

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