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What is CS and ICWA ??
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Asked by commerce math - In Others -
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Answer (
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The role of a Company Secretary is to as a mediator between the Company and the Board of Directors. The objective of undergoing the course from Institute of Cost and Works Accountants of India is to gain expertise in the field of Cost Accountancy and Management Accountancy. It helps in enhancing cost management expertise. The regional councils of the institute are located in the four metros of India i.e. Delhi, Mumbai, Kolkata and Chennai.
CS Course and Opportunity
A Company Secretary is a professional and the major role played by him is to ensure whether the Company complies with all applicable laws and endeavors. The Company Secretary (CS) is a professional course which is conducted by The Institute of Company Secretaries of India (ICSI). To become a Company Secretary, the candidates need to pass the Foundation Programme, Executive Programme, and Professional Programme. Candidates who have passed their 10+2 are eligible to apply for the Foundation Programme. Candidates who have cleared the Executive Programme can apply for the Professional Programme. A Company Secretary can get employed in government accounts or law departments OR he can become a Managing or Director Chairman of a Company and be a part of the honored Board of Directors of a Company.
ICWA Course and Opportunity
The ICWAI course is divided into three parts. The first part is the foundation course, where the minimum qualification is 10+2. Candidates who have appeared for the 10+2 exam and are awaiting results can appear for the foundation course. On passing the foundation course the students are eligible for the intermediate course. Students who have completed their graduation need not appear for the foundation test. They can directly appear for the intermediate course. On clearing the intermediate course students can appear for the final course. Those interested in corporate life can hold positions like Internal Auditor, Accountant, Financial Controller, Finance Manager and Cost Controller etc after completing the course. They can also go for for Self entrepreneurship in areas like Mandatory Cost Audit, Consultancy assignments, Excise Audit etc.
Key Difference between CS and ICWA
ICWA specializes in handling the accounts, bookkeeping and audit of firms and corporate while the CS’s handles the secretarial matters relating to a corporate. ICWA involves collection; assimilation and analysis of financial information from all areas of an organization while the primary job of a Company Secretary is that of an advisor for legal matters. They act as the mediators between the company and its Board of Directors, shareholders, the government and the regulatory authorities. Company Secretaries can find employment in government accounts or departments of law.
The Works
Chartered accountants are sought-after professionals in specialised areas of accounting, auditing, corporate finance, corporate law and taxation. A CA also acts as a business advisor by preparing financial reports, helping the business to secure loans, preparing financial projections and determining business viability. As a tax advisor, a CA helps businesses and individuals to comply with tax laws.
As a CWA, you will maintain and scrutinise statutory books of accounts, prepare cash budgets, cash flow statements, do cost management planning and determine costing policy for companies, besides advising on investment and profit-planning. Good computing skills is a must for rendering services efficiently. ICWAI has more than 1,65,000 students and more than 40,000 qualified members who currently hold positions such as financial and business analysts, financial directors and consultants across sectors.
A CS is a vital link between the board of directors, shareholders and government and other agencies, with expertise in legal matters, securities law, capital market and corporate governance. They are responsible for all regulatory compliances of a company. All three professionals can choose to work for an organisation or practise independently.
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| Reply by gupta - 298days 16hrs 58mins 18secs ago |
Votes of this Answer: 0 votes
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