ICWAI in 2004: Grappling with New Challenges

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Case Details:

Case Code : BSTA024
Case Length : 20 Pages
Period : 2004 - 2005
Organization : ( ICWAI ) Institute of Cost and Works Accountants of India
Pub Date : 2005
Teaching Note :Not Available
Countries : India
Industry : Management Association

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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Excerpts Contd...

ICWAI's response

Cost accountants or management accountants?
In recent times, ICWAI's top management had some around to the view that a change in name was the need of the hour. ICWAI recommended to the Indian government, a new name, Institute of Cost and Management Accountants of India...

The Government's Response

As per the Cost and works Accountants Act, 1959, the duties of carrying out the provisions of the Act were vested with the Central Council. The Council consisted of not more than 12 persons elected by the members of the Institute and not more than 4 persons nominated by the central government...

The Road Ahead

Shortly after taking charge as president of ICWAI, Subramania outlined his plans for the Institute: "The discipline of Cost and Management Accountancy has undergone considerable change, thanks to tremendous developments in global trade environment as well as developments in Information Technology...

Exhibits

Exhibit 1: ICWAI: Student Registration
Exhibit 2: ICAI: Student Registration
Exhibit 3: Membership Details
Exhibit 4: Objectives of the Institute of Cost and Works Accountants of India
Exhibit 5: ICWAI: Student Registration
Exhibit 6: Travel Details
Exhibit 7: ICWAI: Financial Highlights
Exhibit 8: Opportunities for Cost Accountants
Exhibit 9: Registered Students
Exhibit 10: Coaching
Exhibit 11: Membership Details
Exhibit 12: Syllabus

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