Advising Defence Ministry, AAI on costing, says ICMAI

Cost accountants’ institute also unveils new courses

Updated - January 06, 2018 09:28 pm IST

Published - January 06, 2018 08:27 pm IST - COIMBATORE

Businessman Analyzing Graph And Doing Financial Calculations

Businessman Analyzing Graph And Doing Financial Calculations

The Institute of Cost Accountants of India (ICMAI) has been approached by the Defence Ministry and the Airports Authority of India to provide suggestions on costing and pricing techniques.

H. Padmanabhan, vice-president of the institute, told the media here on Saturday that the institute was doing such a project for the Railways.

“The Railways wants a clear presentation from us before March 31. There are deadlines for defence and AAI too. We are on the job to provide our services,” he said. The institute has also given its pre-budget suggestions to the government.

D.P. Nandy, director — Advanced Studies, at the institute, said it had introduced four new courses for members and non-members. These are related to arbitration, business valuation, GST and one for engineering students. The three-month course on GST will be unveiled next month and the other three from April. Each batch will have 20-25 students in about 40 centres across the country.

The institute plans tie-ups with organisations related to these professions to take the courses to more people. If required, it will organise in-house classes for employees if there is a request from the companies, he said.

Apart from these, it has a tie-up with the National Skill Development Agency and has signed agreements with many State governments to train young graduates.

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