ICWA Full Form is Institute of Cost and Works Accountant. Though it is very common for people to be familiar with the CA and ICWA courses, very few know the ICWA full form, which is Institute of Cost and Works Accountant. It is currently known as ICAI or Institute of Cost Accountant of India. The primary objective of this professional institute is to regulate, promote, and develop Cost Accountancy as a profession. It is perhaps the only licensed body for cost accountancy management in India.
The course of ICWA is presently called as CMA, which means Cost Management Accounting. There are 3 stages to complete ICWA course – CMA foundation; Inter; and Final. Candidates who have passed 10+2 exam can enroll themselves into ICWA or CMA foundation exam. One can complete the entire course through correspondence or online through an accredited university. The foundation course lasts for 6 months and intermediate program lasts for 12 months. This will be followed by 3-year management training and a 1-year final course.