Build your career with CMA Posted: 22 Aug 2013 09:16 AM PDT With the fast changes happening in the business and commerce sector there is a rapid demand for the C.A’s and cost accountants. But the number of professionals available in industry is no match to the present demand. So in this scenario as an alternative choice for engineering and medicine demand for the commerce courses has also increased. There is indeed equal importance to the ICWA course along with the CA course. So let us check out the specialties of this course that is attracting many students to pursue the course. ICWA is one course which has good demand for the job opportunities and at the same time that can be completed in short period of time. Usually students feel CA course to be tough and generally opt for B.Com or M.B.A. But now they are realizing that in the same time they can actually complete their ICWA and can settle down in life with good career and remuneration and so they are being attracted for doing this course. In our country to bring out the cost accountants there is one autonomous organization that has been established in the year 1959 with the parliament compliance known as the Institute of Cost Accountants of India ( the Institute of Costs and Works Accountants of India). This organization is offering quality education in bringing out professional cost and management accountants. The ICWA is now called as CMA The ICWA course is now being called as the CMA (Cost and Management Accountant). To join CMA any group student in intermediate is eligible. There are three stages in CMA like foundation, intermediate and final. Those who are interested in CMA course should compulsory register themselves. For this they need to have intermediate (10+2) or pass out in equivalent education. CMA Foundation To study the CMA foundation course one should take a demand draft for Rs 3,500 that is cleared in any scheduled bank in Calcutta. That D.D and the filled in application form for registration should be sent to the CMA institute in Calcutta. This application form can be obtained in any CMA authorized centers / CMA chapter / CMA information centers by paying Rs 200. The CMA chapters and affiliated centers are there in almost all the towns and cities in the state. For more information one can check out the website icmai.in. CMA Inter and Final Those who have qualified in the CMA foundation course need to pay Rs 14,700 for the CMA intermediate registration and those who have completed intermediate need to do their final registration by paying Rs 14,000. To all those registered students the institute shall send an ID card. Only those having this ID card are allowed to write the examination. For the CMA course two types of training is being offered by the institute itself. First one is the postal coaching: To those who have registered through the above process by paying the fee for postal coaching then the institute shall send them the required material for preparation through the post. So one can read that material and attend for the exam. Second one is oral coaching: Oral coaching is offered in the regional centers and chapters of the Indian Institute of Cost Accountants of India. Additionally one can also take coaching in the private institutes. Plenty of Employment Opportunities with CMA The cost accountant should analyze the decisions taken by a company or management in an organization, budget formation, analysis of organization management, measure to be taken for better production, the paths that should be followed to gain profits by the organizations are all the duties that have to be taken responsible by the cost accountants. To take care of these duties there are so many job opportunities for the cost accountants in the big organizations with designation like managing director, finance director, marketing manager, CEO, CFO and so on. Across the world there are job opportunities in lakhs for the CMAs in different sectors like service industry, telecommunication, banking, insurance, software and so other different industries. Due to globalization factor even the three tire cities also need the services of CMAs for the retail shops, jewelry, diamonds, cell phone stationary, salaries given to human resources, other expenses, sales, purchases, profit and loss of the company…..in almost every stage the services of CMA is needed. So proficient CMAs can easily find jobs but there are no enough CMAs according to the demand. So those who have completed CMA are being welcomed with red carpet by different industries and companies. Management and professional organizations….. In the organizations offering management and professional courses the CMAs are given equivalent weight with the PhD holders and are offered jobs like lecturers, assistant professors, associate professor and as professors. In the government and non government organizations the CMAs can play a key role as chief internal auditors, cost controller, chief accountant and financial controller. In the beginning one can earn Rs 35,000 to Rs 50,000 per month and along with experience salary in lakhs can be earned per month. For more details regarding the CMA course one can write to The Institute of Cost Accountants of India main center 12, Sadder Street, Calcutta/ regional council. The western council is in Mumbai, Southern council in Chennai, Eastern council in Calcutta and Northern council in New Delhi. From the institute website icmai.in full details regarding the CMA course can be found.
Posted on: Fri, 23 Aug 2013 09:19:14 +0000
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