Cost and management accounting is primarily a product of the twentieth century. Scientific management has today recognized cost and management accountancy as one of the most essential management services. 

In the face of increasing competition and other economic pressures, the task of management has undergone radical change. Cost and management accountancy has been intimately interwoven into the fabric of management itself. 

The success or failure of business decisions depends on the quality of information made available to its management. Thus, the role of a cost and management accountant is vital in achieving the organization's objective- and ensuring that the right managerial decisions are taken from the right cost prescriptions. 

The qualification of a cost accountant along with additional qualifications such as a CA or MBA will greatly increase career options and improve career prospects. The training programme is structured so as to provide the candidate the choice of working while pursuing the course.