what is cost accountancy and do we need maths in cost accounting?

Cost work accountant's main role is to frame business policy of a company and to give a prognosis for projects to be undertaken based on past and present financial performances. In this way, Cost Accountant can facilitate strategic decisions in respect of diverse economic activities of an organization.

Presently,CWAs are in great demand in private enterprises, government sector, banking & finance sector, developmental agencies, education, training & research sector as well as in service and public utility sector. Because of their quality training, they can hold even top management position in private enterprises like Managing Director, Finance Director, Financial Controller, Chief Accountant, Cost Controller, Marketing Manager and Chief Internal Auditor. Options are also open to CWA to directly register in M.Phil and Ph.D. courses in commerce as decided by the Association of Indian Universities.

To read more about the career,its scope,remuneration,benefits and opportunities log on to

Math per se as a subject is not needed although you are required to have knowledge of math.

Hope this helps.