This is a professional body which teaches and trains those interested in the area of Cost and Works Accountancy. The exam is three-tiered - namely Foundation, Intermediate and Final, and comprises of subjects like Financial Accounting, Business Maths, Applied direct and indirect taxes, Corporate Law, International finance, and Management Accounting to name a few. Such courses lay a practical foundation for those pursuing a career in the corporate sector where contribution to the management of a company is a key factor. Graduates interested in ICWAI can skip the Foundation course, and apply for the Intermediate. Coaching classes are conducted at the institute by experts in the field.