A CA’s role in management has become important enough to sink or save the company; it’s all about skill. The cost and works accountant collects, assimilates, collates and analyses financial information from every angle and then interprets those numbers for the management. The CWA is now an essential part of any corporate strategy – whether he or she is an employee or a consultant on retainer.
The Institute of Cost and Works Accountants of India (ICWAI) aims to meet the demand for these highly skilled professionals through its premier training programs in any arena, whether in India or abroad, where they are known as Management Accountants. And managers they are, because they play a key pivotal role in consultations, audits and strategy formation.
These days, everything is about economies and streamlining processes. Increasing competitive pressure has led to many organisations and enterprises to interweave cost and management accountancy into their own management systems. And so CWA (Cost and Works Accountancy) was born in the last century.
