The Institute of Cost Accountants of India
(Statutory body under an Act of Parliament)
B.Com & M.Com courses exclusively for ICWAI students & Members by IGNOU
The Institute of Cost and Works Accountants of India (ICWAI) and
Indira Gandhi National Open University (IGNOU) has signed a Memorandum
of Understanding (MoU) in a ceremony in New Delhi on 11th July 2008. MoU
was signed in the presence of Prof. V.N. Rajasekharan Pillai, Chief
Guest and Vice-Chancellor, IGNOU, Mr. Jitesh Khosla, Guest of Honour and
Joint Secretary, Ministry of Corporate Affairs, Government of India,
Mr. Chandra Wadhwa, President, Mr. Kunal Banerjee, Vice President and
other Council Members of ICWAI, Prof. Parvin Sinclair, Pro-Vice
Chancellor, IGNOU, ICWAI officials, Professors of IGNOU, Academicians,
Professionals, Government officials and other distinguished invitees.
Under this MOU, IGNOU will offer specialized B.Com Course with major
in Financial & Cost Accounting and specialized M.Com Course in
Management Accounting & Financial Strategies for ICWAI students and
Members of the Institute. 10+2 students can take admission in Foundation
Course of ICWAI and specialized B.Com course of IGNOU simultaneously.
Similarly, Intermediate examination passed students of ICWAI and
graduates can pursue Final course of ICWAI and M.Com simultaneously.
Common papers studied by a student in ICWAI course will be exempted in
the respective specialized course designed by IGNOU exclusively for
ICWAI students. These courses will enable students to improve their
learning process by acquiring knowledge in new areas rather than
concentrating in the same subjects, which are covered in the education
scheme of the ICWAI Course.
Both specialized B.Com and M.Com would be offered by IGNOU in Hindi
and English. IGNOU will recognize membership of ICWAI for the purpose of
pursuing their Ph.D course in Commerce, Management and Law disciplines.
IGNOU will also recognize ICWAI as centre for Research in subjects such
as Corporate Finance, Management, Financial and Management Accounting.
Shri Chandra Wadhwa, President, ICWAI in his address
expressed that Professionals and Academicians have come together, there
will be win-win situations for both the institutions.
Shri Jitesh Khosla, Joint Secretary, Ministry of Corporate Affairs, Government of India
in his address expressed that after collaboration between two
institutions, the qualification of B.Com and M.Com will get due
recognition to the professionals not in India but also outside India.
Prof. V.N. Rajasekharan Pillai, Vice-Chancellor, IGNOU in his address
expressed that MOU between both the institutions will not only benefit
to the ICWAI students but also to members of the Institute enabling them
to pursue their Ph.D programme. He further expressed that IGNOU got
very good education infrastructure viz. GyanDarshan-I - A satellite based four TV channel, FM Radio network of 25 Gyan Vani etc. the tie up with the Institute result in better harnessing of the resources in professional education available with IGNOU.
(Click to View the salient features of MOU)
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