CMA – Cost Management Accountancy
The modern economic environment has become so complex and competitive that last year’s financial statements are no longer adequate for the successful running of an organisation. There is an increasing demand for accountants who are able to provide current information (today’s facts and tomorrow’s probabilities) that is essential for the efficient running of a modern organisation.
The main task of the Cost and Management Accountant is to collect and process information before passing it on to management for decision-making. Among other things, the work also involves:
- Long-term planning and development of strategies and methods to meet the objectives of the organisation.
- Short-term operational planning and control of projects and resources by means of budgets
- Recording and analyzing transactions and activities and compiling management accounts
- Providing and interpreting financial and economic information for decision making
- Obtaining and controlling funds
Student should have passed 10th Class or equivalent from a recognized Board or Institution.
Passed Senior Secondary Examination under 10+2 scheme of a recognized Board or an Examination recognized by the Central Government as equivalent there to or has passed National Diploma in Commerce Examination held by the All India Council for Technical Education or any State Board of Technical Education under the authority of the said All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Higher Education.
Incumbents waiting for the result can apply for provisional admission.
Job opportunities of CMA:
CMA can choose any of the following designations: Finance Manager, Accounting Manager, Budgeting Manager, Internal Auditors, Investment Manager, Costing Manager, Payable Manager, Receivable Manager, MIS Manager, Portfolio/Fund Manager, Marketing Manager, Financial Controllers, Chief Financial Officers.