The Institute of Cost Accountants of India (ICAI) is to launch four new advanced study courses for professional next month. It would be for members and non-members, a senior official said today.

The courses are executive diploma in business valuation, certificate course in arbitration, certificate course in GST and an exclusive executive diploma in cost and management accounting for engineers, ICAI vice-president H Padmanabhan told mediapersons here.

While valuation, particularly in financials, was emerging as an important profession, arbitration was a form of alternative dispute resolution and a technique for resolution of disputes outside court, he said.
GST being the major tax reform and a game changer, as a professional it was imperative to understand and assimilate the new taxation structure associated compliances and changes in business processes.

The institute as in recent times had been proactively involved in nation-building by providing impetus to support Make in India, Swatch Bharat Abhiyan and GST, Padmanabhan said.

The institute, which had done an accounting system for the railways, would take up similar work for the Defence and Aviation ministries on cost and pricing.