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Questions and Answers
What year was the Institute of Cost Accountants of India set up?
Where is the headquarters of the Institute of Cost Accountants of India located?
What is the vision pursued by the Institute of Cost Accountants of India?
What are the professionals associated with the Institute known as?
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How many members does the Institute of Cost Accountants of India have globally?
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Study Notes
Institute of Cost Accountants of India Overview
- Established in 1944 to regulate and develop the profession of cost and management accounting in India.
- Headquarters located in Kolkata, India, serving as the main governing body for the profession.
Vision and Objectives
- Vision emphasizes the development of cost management and accounting as a prestigious profession.
- Aims to enhance the significance and impact of cost accounting in business decision-making processes.
Professional Designation
- Professionals associated with the Institute are known as Cost Accountants.
- They are trained to provide cost accounting, financial management, and advisory services.
Global Membership
- The Institute boasts a membership base of over 70,000 professionals worldwide.
- Members play a crucial role in various sectors, contributing to the global recognition of the profession.
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Description
Test your knowledge about the Institute of Cost Accountants of India, a statutory body established under an Act of Parliament in 1959 to regulate the profession of Cost and Management Accountancy.
