ICAI to introduce four new courses for professional
The Institute of Cost Accountants of India will be launching four new courses for professionals next month.
The Institute of Cost Accountants of India (ICAI) has decided to launch four new courses for professionals, commencing from next month.
The course will be open to both members and non-members. ICAI Vice President H Padmanabhan told reporters that the course includes Executive Diploma in Business Valuation, certificate course in Arbitration, certificate course in GST and an exclusive executive diploma in Cost and Management Accounting for Engineers.
Padmanabhan also said that the financial valuation is emerging as an important profession, arbitration is a form of alternative dispute resolution and a technique for the resolution of disputes outside the court.
He claimed that “Goods and Services Tax (GST) being the major tax reform and a game changer, as a professional it was imperative to understand and assimilate the new taxation structure, associated compliances and the changes in business processes emanating therefrom.”
The Institute has in the past been enthusiastically involving themselves in the nation-building activities like providing catalyst by supporting Make in India, Swachch Bharat Abhiyan, and GST One Nation One tax.
ICAI VP also stated that the entire institute, which has done an accounting system for the Railways, will take up similar work for Defence and Aviation ministries on cost and pricing.