Institute of Cost and Works Accountants of India (ICWAI) set essential three-year Internship against the six- month at present. It is necessary to go for ICWAI Internship for 3yrs.

Topics for practical exposure are:

VAT (e-filing, assessment, audit)

Customs (e-filing, assessment, audit)

Stock audit-banks


Receivables audit- banks

FEMA certificates

Internal Audit

Cost Compliance Reports

Cost Audit

XBRL Filing

Cost Accounting System

Working Capital assessment (CMA, FFR, QIS, etc.)

Cost Accounting Records- Regulated Industries

Cost Accounting Records- Common

Direct Taxes (e-filing, assessment, audit)

MCA E-filing

Advanced Excel

ERP

Central Excise (e-filing, assessment, audit)

Service tax (e-filing, assessment, audit)



Recognized areas for Training
Cost Accounting

Financial Accounting

Financial Management

Auditing

Regulatory compliances

Management Accounting

Project Management

Banking Operation

Insurance

Valuation

Financial Services

Teaching in Finance, Accounts, Costing, Taxation and Management.

Direct Taxation

Indirect taxation

Corporate Laws, Industrial Laws, Commercial Laws

Systems Analysis, Information Technology (including ERP system)