Cost and Works Accountants (CWA) Overview

Do you like to place yourself at the service of the nation, government, industry, and the society to realize the objectives of a welfare state resulting in the prosperity and the well being of its people? Do you want to study and understand the impact of the country's economy and change in the economic scenario of the world? If yes, you should think of being a Cost and Works Accountant.

As a Cost and Works Accountants, you look out for avenues where the production cost goes down thus ensuring higher returns. Compared to Chartered accountants whose prime area is accounts and finance you also delve deeper into the areas of planning and management. You plan, strategize and work out solutions that help the organization to increase their profit margin.

In today's world, the profession of conventional accounting and auditing has taken a back seat and Cost and Works Accountants increasingly contribute towards the management of scarce resources like funds, land and apply strategic decisions.

This has opened up further scope and tremendous opportunities. Cost and Works Accountants will be the driving force in the team of management while in employment and a key consultant, an effective Cost and Management Auditor and an appropriate advisor in place.

This is why Cost Accountants in India are called Management Accountants all over the world.

Challenges:
Only large firms have Cost and Works Accountants. Compared to other job profiles you may not find job opportunities easily. There is no scope of starting out on your own. So if you are planning to start your own setup it will not work.

Here is a list of commerce colleges

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