17 July 2018

How To Become a Cost and Management Accountant in India C.M.A | Info By My IQ Creations

How To Become a Cost and Management Accountant in India C.M.A

How To Become a Cost and Management Accountant in India C.M.A
  1. 10th class
  2. Intermediate (any group) -2 years
  3. Register for CW foundation Program 
  4. Foundation Program-6 month
  5. Intermediate Programme 12 months
  6. 36 months Training with a C&W accountant in practice.
  7. Professional programme-12 months
  8. Membership (ICMAI)

  1. 10th class
  2. Intermediate (any group) -2 years
  3. Graduation (any group)
  4. Except fine arts 3-4 year
  5. Register for CW Executive examination
  6. Intermediate Programme 12 months 
  7. 36 months Training witha C&W accountant in practice.
  8. Professional programme-12 months
  9. Membership (ICMAI)
Notification time:
Foundation program- March or September
Intermediate Level Program- February or November 

Salary: Rs 10, 000- 35,000 per month

Fee details:
Programme Fees:- 
Foundation Course Rs 4,000

Intermediate Course:-
Rs 16,000 for postal coaching
Rs 20,000 for postal coaching

Foundation Course of ICMAI:

This course is for duration of 6 months. The foundation course is the initial level for the students.

Intermediate Course of ICMAI:

The intermediate course in ICMAI is the second level and the duration for this course is one year (12 months). The student who have finished their graduation can register themselves directly to the Intermediate level and skip the foundation course of  ICMAI.

Final course Of ICMAI:

This is the last level in the program and after successfully completing the course; the students will become eligible for the practical training.

Duties of a price Management Accountant:

  1. Plan, study and collect information to work out the prices of business activities.
  2. Analyze monetary data and prepare reports consequently.
  3. To work with technology concerning accounting.
  4. To give the recommendation to social control employees regarding revenues and prices.
  5. Implement accounting methods to extend a corporation business.
  6. To maintain accounting system.
Some widespread areas wherever you'll notice jobs are practice corporations, organic process agencies, departments of company affairs, coaching & analysis organizations, industry, stock exchanges, service sector, and different regulative bodies.

Job Titles:

  • Finance Director
  • Managing Director
  • Associate faculty member
  • Accountant
  • Cost Controller
  • Chief Auditor
  • Cost controller
  • Chief controller
  • Chief auditor
  • Financial advisor
  • Managing Director
  • Financial Controller
  • Some Recruiters are:
  • Micro Inks restricted
  • Inext Infotech Services
  • Zexus Air Services Pvt Ltd
  • Government and personal establishments
  • ALTRET Industries Pvt. Ltd.

CMA In the Asian nation:

The way to Become CMA in India, Check CMA Course Eligibility,CMA Course Registration Fees,CMA Course Registration Procedure, Documents needed for CMA Course, CMA curriculum Details etc. during this article you'll get all the small print for a way to Become price Management bourgeois in Asian nation (CWA), Procedure for a way to Become CMA. Steps to Become CMA (Cost Management Accountant). Hi, friends notice everything you wish to grasp concerning the way to Become an accountant. Here we have a tendency to ar providing complete details for ICWAI/ICMAI/CWA/CMA, Documents to be boxed-in with form, CMA Foundation Fees, CMA lay to rest Fees, wherever to use for CMA Course, once to use for CMA Course, sensible coaching Details etc.
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Cost Accountants in Government Department:

Realising the importance of the profession of the price and Management line of work within the economic development of the state, the Central Government has grooved Associate in Nursing All Asian nation Cadre referred to as Indian value Accounts Service (ICAS) at par with different Class-I services corresponding to IAS, IFS etc. to advise the govt in value valuation and in framing the acceptable business enterprise and tax policies. CMAs square measure eligible for Indian value Accounts Service/Job.

Cost Accountants in Education:

& University Grants Commission (UGC) has notified, CMA with top quality Graduation is often appointed as the prof in universities and faculties within the space of Management/ Business Administration.

& numerous Universities (36 until today) have recognized CMA qualification for the aim of admission in Ph.D. in Commerce. It permits CMAs to pursue Ph.D. with none master degree.

Practice as the accountant:

In the job market each skilled comptroller i.e. CA and CMA, square measure treated as equivalent. it's within the field of following, during which CAs has a lot of scope than CMAs, however, this case is dynamical too, – all because of Notifications and value Orders issued by Ministry of Company Affairs (MCA).

Some of the services offered by active CMAs square measure listed below:

Maintenance of value Records

Every company on that firms (Cost Accounting Records), Rules 2011 (CARR 2011) apply, (Covering Lakhs of Companies) shall keep value Records on regular basis and submit a Compliance Report, in respect of every of its fiscal year punctually certified by a value comptroller, to the Central Government.

CMA coaching:

To develop among the scholars the {required|the mandatory} ability required to use theoretical data of value and management accounting to sensible things in several skilled fields.

Exposure to environments underneath that totally different organizations work.

Providing on-job expertise of sensible aspects of value and management accounting

Developing disciplined perspective needed for knowledgeable.

Creating awareness of moral values in skilled work.
Who area unit to bear sensible coaching

Practical Training:

Every student having registered underneath Revised programme 2008/Syllabus 2012, shall be needed to bear sensible coaching for an amount of three years on whole time basis to the satisfaction of council in anybody or additional of the organization per Appendix A, and in areas as per Appendix B for the popularity for coaching.

However, students for being eligible to form associate application to seem within the test should

complete a minimum of six months of sensible coaching in anybody or additional of the organization per Appendix A, and in areas as per Appendix B; “or”

must have the associate expertise of a minimum of six months in anybody or additional of the organization per Appendix A, and in areas as per Appendix B, “or”

enroll for the I- CMA coaching Module as indicated in Appendix C.

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