No doubt, Chartered Accountancy course has enjoyed wide popularity but Cost and Management Accountancy (CMA) and Company Secretary (CS) courses too have been gaining popularity over the last few years. Particularly, growth in numbers of students enrolled for CMA is far more than any other course in India.
In this globalized world, Cost Accountants (CMAs) are driving force in all economic activities, as they are the value creator, value enabler, value preserver and value reporter. Organizations require professionals such as CMAs who have specialized knowledge on business strategy and value creation. The Cost Accountant being the foundation on which the enterprises are built, the specialized education and training by the Institute make the Cost Accountant a multi-faceted professional.
Cost Accountants are in great demand in government sector, private sector, banking & finance sector, developmental agencies, education, training & research sector as well as in service and public utility sector. Further, in view of their specialized knowledge and training, CMAs may hold top management position in public and private sectors’ enterprises like Chairman cum Managing Directors, Finance Director, Financial Controller, Chief Financial Officer, Cost Controller, Marketing Manager and Chief Internal Auditor and other important positions.
CMAs are the driving force in the team of management while in employment, and as Cost Auditors, Internal Auditors, Auditors in case of VAT, Excise, SEBI, NSDL and under other statutes/ Regulatory requirements, Advisors and Consultants in practice.
CMA Course Curriculum is designed to nurture young business leaders of tomorrow who can convert the dream of ‘MAKE IN INDIA’ into reality by taking strategic management decisions effectively in both the National and International arena. The Course Curriculum is based on International Standards set by IFAC (International Federation of Accountants) and IAESB (International Accounting Education Standards Board) and Initial Professional Development – Professional Skills (Revised) through IEG (International Educational Guidelines).
The different levels of CMA course & the modules/subjects included in the curriculum are as follows:
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