The CMA program or Cost Management Accounting, is one of the most feasible programs in the finance division. CMA course duration is 3 years. CMA course is ideal for candidates who are interested in the management accounting field, the CMA course would be an extraordinary decision.
. As the IMA puts it, "CMAs can clarify the 'why' behind numbers, not simply the "why", Candidates will be able to gain knowledge to you for answers to enormous picture, business-related financial questions.”When you’re the expert people turn to for advice, you can expect greater responsibility as well as more credibility and status.” CMAs fill the consultant job perfectly and subsequently separate themselves as a significant aspect of company operations.
|Full Form||Cost Management Accounting|
|Duration||Course Duration of Cost Management Accounting [CMA] is 3 Years.|
|Age||Minimum 17 years|
|Minimum Percentage||50% with commerce in HSC|
|Subjects Required||Commerce, Business Math, English|
|Average Fees Incurred||INR 50,000 - 2.5L|
|Average Salary Offered||INR 2.5 - 7 LPA|
|Employment Roles||Chief Finance Officer, Financial Analyst, corporate controller and Financial Controller|
Cost and Management Accountant is a reputed certification offered by the Institute of Cost Accountants of India (ICAI), India. Individuals generally get confused between different terms like CMA, ICMAI, CWA, and ICWAI. ICWA course has been renamed as CMA course. Consequently, in fact there is no distinction among ICWAI and CMA, they are the equivalent.
CMA is one of the hardest professional exams in India and generally has a pass rate between 5% to 25%. CMA is picking up popularity among commerce students who are competing over to be experts in accounting and financial areas because of its huge industry acknowledgment.
Cost Accounting Management is a certified program intended to prepare students for working in various enterprises and corporate capacities. In India, the accreditations of the CMA course are given by the Institute of Cost Accountants of India (ICAI). The program primarily focuses on valuation issues, financial statement analysis, working capital policies,external financial reporting, and so on.
The CMA is a serious, globally recognized designation that exhibits an aptitude for settling on financial decisions for business. For a few, this business bent makes it desirable over the CPA. On the off chance that you need to settle on business choices, help maintain a business, or be at all engaged with business, the CMA is your ticket. It lets you practice your accounting practice with an exact impression of how account and business intersects.
The CMA is viewed as the gold standard management accounting and is intended to mix accounting practises with business insight. Finishing the CMA test expects you to comprehend corporate governance and concepts like responsibility accounting. This information lets you remain in an interesting situation between the finance side and the management side of a business. As CMAs make informed business decisions in the finance mind, many wind up taking on to a greater extent a consulting role for their customers.
The CMA open doors into business world : The CMA gives an important comprehension of money that organizations should be proficient and gainful. CMAs frequently work intimately with upper management, and their knowledge, skills, and experience impact the bearing of these associations. At the point when with meaningful financial data and analysis, a CMA capacities as a significant aspect in the management team.
In the event that you are an accountant planning to be profoundly involved with a business, getting your CMA is one of the most significant things you can do to get that may happen.
On the off chance that you need an energizing, satisfying, and prosperous accounting profession, the CMA can convey. The CMA separates you from different accountants by clearly communicating your career goals. Including the letters "CMA" after your name quietly affirms that you would prefer not to just report finances, you need to make finance. The process of passing the CMA exam exemplifies your willingness to progress your knowledge beyond a bachelors or masters degree. As per the IMA, 87% of CMAs report that getting certified strengthened their capacity to move over all areas of business.
The CMA enables many accountants to climb to greater and better things. As indicated by the IMA, these are a couple of positions held by CMAs:
As should be obvious, with the CMA, you can not just cut your place in the business world, you can take a chair at the meeting room table. With their deep grasp of both finance and business ideas, manyCMAs ascend through the positions until they lead companies.
Job opening and career advancement are both coming up for you in the event that you seek after your CMA confirmation. As the interest for accountants keeps on expanding, the demand for management accountants.
CMA candidates acquire more than non-CMAs. It's that basic. All around the world, accountants with this certification have a 62% higher normal pay. At the point when you take full compensation (medical coverage, retirement, incidental advantages, and so on.), that gap increments further.
There might be quite a few reasons why CMAs get more cash-flow than non-CMAs. For one, CMAs are better able to take the management positions, which is the place large where the cash lies in the corporate world. Also, getting certified requires you to show significant level management related skills that are essential for the Chief Financial Officer and even the Chief Executive Officer positions. Organizations are eager to pay a premium for people with such skills.
CMAs understands numbers and finance at a more profound level than other accountants. As the IMA puts it, "CMAs can clarify the 'why' behind numbers, not simply the
'what.'" Earning the certification expects you to find out about business than most accountants and more about accounting than most business people. So once you gain the CMA, individuals will go to you for answers to enormous picture, business-related financial questions.”When you’re the expert people turn to for advice, you can expect greater responsibility as well as more credibility and status.” CMAs fill the consultant job perfectly and subsequently separate themselves as a significant aspect of company operations.
For CMA Foundation
For CMA Intermediate
For CMA Final
The following documents needs to be submitted along with application form
(Attestation should be by any member of The Institute of Cost Accountants of India /The Institute of Chartered Accountants of India/ The Institute of Company Secretaries of India/Parliament/State Legislative Assembly or a Gazetted Officer or a Principal of a college)
For Intermediate course:-
The following documents needs to be enclosed along with application form