CMA (India)

CMA refers to the Cost Management Accounting. A CMA is a person who offers to perform services involving the costing, pricing of goods and services or carries out the preparation, verification or certification of cost accounting and related statements. 

The role and importance of cost accountants has increased manifold on account of growing competition in the corporate sector. CMA assists in planning, monitoring and controlling the cost and price of a product or a service. 

A CMA person is expected to evaluate the operating efficiency and effectiveness of production and service management by collecting, compiling, organising, verifying, comparing and analysing information from different departments of the organisation. 

Since its inception, a large number of members of the Institute are working in the fields of Excise and Customs, Income Tax, Pricing of essential commodities and Pharmaceutical products, Anti-dumping proceedings, Determination of subsidies, Awarding of contracts, Valuation, Risk Management, etc. 

While the demand for them remains hidden in a growth phase, it rises to the surface during recession or economic slow down.

The CMA has three levels- Foundation, Intermediate and Final. Based on your eligibility qualification, you can join either the Foundation level or directly the Intermediate level. A CMA student has to learn and pass 4 subjects in the foundation level, and 8 subjects each in the Intermediate and the Final levels.

Course Benefits:

• You can work during the course period
• Assured job offers even after foundation or intermediate levels
• 60% have been placed through campus placement
• The Off-Campus placement rate is 85-90%
• Attractive salary packages, even at the beginning

Career Opportunities:

• Administrative Services
• Indian Administrative Services (IAS)
• Indian Revenue Services (IRS)
• Indian Foreign Services (IFS)
• Indian Economic Services( IES)
• Indian Cost Accounting Services(ICAS)
• Indian Audit and Accounts Services (IAAS)
• Finance and Accounts
• Taxation
• Internal control and Auditing
• Treasury and Investment Management
• Project management
• Financial/Business Analyst
• Systems analysis and Systems Management
• Academia
• Banking
• Resources Management
• Risk Management
• Financial reporting and strategies
• Consultancy Services
• Advisor on Funds Management
• Financial Services
• Valuer, Appraiser, Executor
• Loss Assessor, Surveyor
• Tax consultants/Tax Practioner
• Internal Auditor
• Cost Auditor
• Valuation and Audits under Central Excise, Service Tax, Customs, VAT, CST
• Consultancy and certification under SEZ, EOU, Foreign Trade Policies

Eligibility:

• Foundation Level: SSLC or equivalent/ Plus Two
• Intermediate Level: Foundation Passed/ Any UG Degree