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PRESS RELEASE
The
Institute of Cost and Works Accountants of India (ICWAI)
and Indira Gandhi National Open University (IGNOU)
propose to enter into a Memorandum of Understanding (MoU)
by which IGNOU will launch 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.
MoU
signing ceremony has been scheduled to be held at 5.30
PM on FRIDAY, the 11th July 2008 at
“Conference Room No. 3 (Annexe)”, India International
Centre, 40-Max Muller Marg, New Delhi-110003. Prof. V.N.
Rajasekharan Pillai, Vice-Chancellor, IGNOU and Shri
Jitesh Khosla, Joint Secretary, Ministry of Corporate
Affairs, Government of India, will be Chief Guest and
Guest of Honour respectively. Shri Chandra Wadhwa,
President, ICWAI will also grace the occasion. The MoU
will be signed in the presence of Vice-Chancellor,
Pro-Vice Chancellors, Professors of IGNOU, President and
other Council Members, Academicians, Professionals,
Government officials and other distinguished invitees.
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