Cost
accounting is primarily a product of the twentieth century. Scientific
management has today recognized cost and management accountancy as
one of the most essential management services. In the face of increasing competition
and other economic pressures, the task of management has undergone
radical change. Cost and management accountancy has been intimately
interwoven into the fabric of management itself. The success or failure of business decisions
depends on the quality of information made available to its management.
Thus, the role of a cost and management accountant is vital in achieving
the organization's objective- and ensuring that the right managerial
decisions are taken from the right cost prescriptions. The job prospects for a Cost Accountant
is growing in India Government, which is evident from the fact the
Government has made it compulsory for as many as thirty eight classes
of companies to have a cost audit. Moreover there is a growing awareness
among the business community about the benefits of having the services
of a cost accountant. There are various details of COST ACCOUNTANCY
follows this link: Click
here Educational
Qualification:
The qualification of a cost accountant along with additional qualifications
such as a CA or MBA will greatly increase career options and improve
career prospects. The training programme is structured so as to provide
the candidate the choice of working while pursuing the course. Admission to the foundation course examination
or the preliminary examination is open to candidates who have passed
10+2 exam. Gazetted Officers, postgraduates, engineering graduates
and graduates with 50% marks are exempted from the preliminary exam
and are allowed direct registration for taking the intermediate exam.
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