In order to make the cost accountancy course suitable for the present day business environment, the Institute of Cost and Works Accountants of India (ICWAI) is planning to introduce a Valuation Management course for ICWA students.
"Besides ICWA, we will be offering a course on valuation management for about five-six months. Students can take up this course after they complete their ICWA. We are yet to decide on the syllabus," says G N Venkataraman, President, ICWAI.
The institute took this course of action following demand from the business community to launch programmes to meet the requirements of the changing business scenario. The course will focus on takeovers, mergers and share valuation, etc. We are anticipating that some 500 ICWA students will enroll for the course, says Venkataraman.
Valuation management is already a paper in the final year of the ICWA course. "Plans are also afoot to start a valuation institute. The Government is thinking about it," he reveals.
Over two lakh students are pursuing the ICWA course. Last year ICWAI started a certificate course for accounting technicians to cater to the demand of the small and medium scale sector, business process outsourcing, e-chaupals, panchayats and non-government organisations.