Cost And Management Accountant (India)
Cost And Management Accountant (India) aka CMA is a professional qualified accountant of Institute of Cost Accountants of India. The person clears the Institute conducted examination with prescribed percentage and also completes the required theory and practical trainings conducted by the Institute before being eligible as a registered member with it. As a qualified professional, he can perform the tasks enlisted by the Institute for organisations with manufacturing or service background to ensure proper Costing, accounting, auditing and taxation related controls to be followed by them in the running of their business and operations. These policies clears any ambiguities for the organisations in the maintenance of their books of accounts. The The Institute of Cost Accountants of India has 100000 Cost And Management Accountants.
History and objective[edit]
A Cost And Management Accountant (India) previously Known as Cost and Works Accountants is a person who has qualified the examinations and completed the required practical and theoretical sessions conducted by Institute of Cost Accountants of India, which was formed as body of registered cost accountants in 1959.[1] The person is required have sound knowledge in the subject related to Cost Accounting, Accounting, Auditing, and various aspects of Direct and Indirect Taxation for companies engaged in manufacturing and service based operations.[citation needed] Currently there are 100000 Cost And Management Accountants registered with The Institute of Cost Accountants of India[2] and 5,00,00 registered as students.[3]
Recognition[edit]
Cost And Management Accountant (India) are eligible for courses to do Ph.D in universities based in India, National Eligibility Test (NET) conducted by UGC and the award of Fellowship in Junior Research or Assistant Professor as the degree holders of Cost and Management Accountancy (CMA) course have been recognised as equivalent to Post Graduates by the UGC.[4]
Cost And Management Accountant (India) can also practice in United States.[5]
See also[edit]
References[edit]
- ^ "Cost Accountants: Demand upswing for cost accountants". EducationWorld. 15 April 2014. Retrieved 20 June 2022.
- ^ "Cost accountants' institute asks govt to allow members to conduct financial audits of MSMEs". thehindubusinessline.com. 8 May 2022. Retrieved 20 June 2022.
- ^ "Cost accountants' body asks govt to allow members to carry audits of MSMEs". Business Standard India. 8 May 2022. Retrieved 20 June 2022.
- ^ "Cost accountant qualification to be considered equivalent to PG degree". mint. 18 March 2021. Retrieved 20 June 2022.
- ^ "Indian cost accountants may soon practise in US, Canada - Indian Express". archive.indianexpress.com. 8 January 2008. Retrieved 20 June 2022.