The Institute of Cost Accountants of India (ICAI) is a Statutory body set up under an Act of the Parliament (namely, Cost and Works Accountants Act, 1959), having a distinct role in maintaining governance system in the country’s economy, ensuring transparency, proper disclosure and social security for consumers at large. The Institute is the second largest cost & management accounting body in the world, having student strength of about 5 lacs and about 60,000 members serving in different capacities throughout the world.
ICAI, Hyderabad Chapter was founded in the year 1964 and is one of the premier Chapters amongst 109 chapters across the country with several awards to its credit. Over the last 55 years the Chapter has rendered services to the Students, Members, Corporate community and Society at large.
Hyderabad Chapter, which has most elegant and corporate look, has been rendering unstinted service to the Students and Members of the Institute as well as to the industry, for the past 55 years. Thanks to all those past Chairmen of this beautiful Chapter who have brought the Chapter to this height.
The Chapter has organized over ten regional conferences on important topics for the benefit of the profession besides National Programme under the auspices of our institute. Over the years, it has been regularly organizing monthly meetings addressed by eminent people from Industry, Business and Commerce on topics of interest to the members.
The Chapter has conducted Institute’s National Cost convention in 2007 and hosted an International Seminar (SAFA) in 2008. Further, periodical seminars and courses have been organized on subjects like Working Capital Management. Project Financing, Modern Tools of Economics, Quantitative Techniques, Quality Strategies, Cost Management Systems, Cost Strategies for Global Competition, Central Excise, e-commerce, networking, Supply Chain Management, Activity Based Cost Management etc.
The Chapter has been organizing programmes regularly for students on the topics such as all-round oral communication skills, quiz programmes, industrial visits etc., for practical exposure. The Chapter brings out a monthly publication “Hyderabad CIRCUIT” for the benefit of members and students. The Chapter was awarded the Best Chapter Award for several years since 1987 to 2011.
The Chapter acquired the first building in 1984 which has been renovated in 2006 and also in 2020 with all facilities for a conference Hall, Library facilities, Classes rooms with Internet and other accessories at Himayatnagar.
The Second building was acquired in 1997 at Sanathnagar which has been renovated in 2020 with all of facilities of 150 members capacity Conference Hall, Library facilities, Classes rooms with Internet and other accessories. The both renovated buildings are inaugurated by our President CMA Biswarup Basu on 14th February, 2021.
Hyderabad Chapter has produced all India 1st Rank Holder during the Institute’s June, 2009 examinations.
Hyderabad Chapter has been accredited as Best Chapter for several years at regional level as well as national level.
The Chapter has dedicated staff and officers who have been serving the Students and Members of the Institute, for over 55 years.
In the face of increasing competition and other economic pressure, the task of management has undergone radical change. Cost and Management Accountancy has been intimately interwoven into the fabric of management itself. CMAs advise on product pricing, production planning and inventory control, export profitability, feasibility studies, investment appraisals etc. In other words, CMAs are basically concerned with the management of business, trade and industries through accounting with emphasis on Total Cost Management.
It is our privilege that many CMAs occupying top positions in Private/Public Sector, Corporates of repute and in Government CMAs who were student of HCCA. It is heartening to report that a few CMAs who were students of HCCA, ARE ALSO SERVING THE COUNTRY IN ALL India Service cadre lime IAS, ICAS, IRAS etc.
CMAs have had to undergo very specific training and curriculum demands, as a result of this they possess unique skills which will be advantageous to our economy as well as organisations.