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The Cost and Management Accountant (CMA India) course offered by Lakshya aims at building competence in students. The CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. The course offers training in particular fields of management accounting by providing the students with a wide range of skills. If you aspire to lead the career of a Cost management Accountant, this course is the right choice for you.
CMA IND course is offered by the Institute of Cost Accountants of India (ICAI). They are the premier institute in India for the profession of Cost Accountancy in the country. The course is structured in a very comprehensive manner and provides complete knowledge of the financial concepts. The course syllabus is based on international standards so that it is easy for certified CMA professionals can practice in many parts of the world.
Through our rigorous coaching, we strive to be the best among CMA India coaching centres in Kerala. The skills that they require to face the CMA IND examination is taught by experts from the same field itself. Our rigorous and progressive programme at all our CMA India coaching centres imparts strong subject matter. The coaching given by experts in the industry helps students in building the knowledge of basic theories, principles and procedures of finance and accounting. CMA India syllabus is designed to make the students efficient enough to be business leaders and to make strategic management decisions. A student who earns CMA certification means that he/she has problem-solving skills and technical knowledge better than their peer.
The Cost Management Accounting course which is offered by the Institute of Cost Accountants of India (ICAI). It is aimed at students who wish to pursue in the area of cost management accounting. Obtaining a CMA certification opens up an array of career opportunities. In fields such as financial manager, financial analyst, analyzer, controller, cost accountant, cost manager etc.
The course provides you in-depth knowledge in business management, accounting finance etc with the available resources. CMA professionals are destined to increase the value proposition for the companies in which they work. If you look at the CMA course curriculum, it inculcates and imbibes those skills in one student that helps him/ her to stay relevant and updated. In this era changing and evolving technology, this would give an edge to your skills as a professional. As an internationally recognized certification, the CMA gives an advantage for you to pursue a wide range of career opportunities both in India and worldwide.
The CMA course is divided into three exam part - CMA Foundation, CMA Intermediate and CMA final.
Students also have the provision to do their CMA programme along with B.Com. The B.Com degree will be awarded by a UGC affiliated University.
The CMA foundation paper is the entry-level paper for the CMA course. In addition to learning about core management, strategy and accounting it also bring focus on the regulatory aspects. The examination is pen and paper-based which tests the conceptual clarity on each subject.
Any student who has passed their higher secondary examination under the 10+2 format can appear for the CMA foundation exam.
CMA intermediate is the second level of examination for students who are pursuing the CMA certification. The examinations are conducted twice a year (June & December).
The course consists of two groups and is divided as follows -
Candidates who pass the CMA final examination are eligible to attain a Membership of ICAI. CMA Final students have to complete modular training for 15 days. And complete three years of practical training after the examinations to receive the membership. The necessary skills that are required for applying theoretical knowledge of subjects (cost and management accounting) into practical situations, students must be attending practical training compulsorily. This applies to different fields of work.
Providing exposure to environments under which different organizations work
Providing hands-on job experience including all the practical aspects of Cost and Management Accounting
Developing a disciplined attitude which is required by a CMA professional
Awareness of ethical values in professional work life
CMA India Foundation level is a 7 months course. To appear for CMA intermediate course (both group) you require 6-7 months of coaching. Then to appear for CMA Final course (both group) 9 months of coaching and training is required. Practical training of a minimum of 6 months is necessary to appear for Final which is included in the 9 months. The qualification has covered all the topics in detail that will broaden the students' skills and they can use these skills to showcase their quality as a professional.
CMAs are driving force in all economic activities, as they are the value creator, value enabler, value preserver and value reporter. High performing, fortune Multinational companies hire CMA professionals for a reason. A CMA will be able to get insights on the innovations and practical changes that are going to happen in the work industry. A Cost and Management Accountant specializes in creating managerial decisions. They would get more engaged with Analytics, forecasting, risk management, treasury activity etc. They mainly work on areas like:
Students must realize that the CMA India course certification will help them gain the relevant skillset, stay updated with the ever-evolving and ever-changing technology. Thus equipping them to be prepared for a better future. In today's scenario, organizations are left with no choice but to seek service from Cost Accountants who has specialized knowledge in business strategies. A cost Accountants responsibilities mainly include implementing effective management and control systems. Also, planning costing systems, investment analysis, project management, internal audit, cost audit, pricing and planning, interpreting information and data related to business activities etc. The insights are used to guide the management team in taking the right decisions.
With specialized knowledge and training, CMAs may have a high possibility to hold a top management position. Both in public and private sectors’ enterprises. They are capable for positions like Managing Director, Finance Director, Financial Controller etc. There is a consistent demand for qualified, trained and experienced cost accountants in India. A qualifies CMA can easily attain CMA India jobs in Kerala too. On the other hand CMAs can manage their own businesses too. It is found that they themselves can perform as efficient Managers, Accountant , finance contollers and thereby flourish in their business initiative. There is no doubt that a Cost Accountant can attain the highest positions of professional career.
CMA professionals have greater earning power. CMA India salary package offered for a Cost and Management Accountant who is a fresher, will be an average pay-package of 8.8 lakhs per annum. This will also depend upon the company and the meritorious status of the student. On the other hand there are other factors that determine a professionals value. With increase in one's experience, training and skills, they can expect salary up to 19 L per annum. It is definitely a truth that a CMA designation is a kind of future secured or future-proof designation which every commerce professional should hold in his/her career. This in turn will help them to survive in this dynamic corporate world.
There are three stages in Cost & Management Accountancy (CMA India) profession in India offered by ICAI. CMA IND examination is held twice in a year, June and December respectively. Students are required to register in ICAI's official website. The candidates are allowed to pay the fees through online mode and offline mode. Whether it is the oral mode of coaching or the postal mode, the fee structure remains same and doesn’t really change that much.
The CMA Foundation is a pen paper bases examination conducted in offline mode. Students who have passed the 12th exam are eligible to appear in CMA Foundation. Exam Duration is three hours and number of questions will be 100 Descriptive type questions. Candidates will be given three hours time to complete the CMA Ind Intermediate course exam and each paper will be of 100 marks. Mode of Examination: 60% objective, 40% subjective. The Final Examination will be conducted in Offline, descriptive (Pen & Paper) mode only. Each paper will be of 100 marks and for 3 hours duration. The last dates for registration generally fall at least four months prior to the month in which examination is held.
Students who appear for both Groups of Intermediate or Final Examination with or without any exemption-
Must obtain at least 40 percent marks in each paper appeared. They also should obtain at least 50 percent marks in aggregate, taking both the Groups together
They shall be then be declared to have qualified CMA IND Intermediate Course or Final Course, as the case may be.
Admission for the CMA India course is open throughout the year. But the students who wish to appear for June Term Examination should apply before 31st January of that year. And students who wish to appear for December Term Examination should apply before 31st July of that year. The timing for applying remains the same usually every year. However, Students are advised to check the update announcements on the website regularly.
Study CMA India courses in Kerala with the leading coaching institute and be a certified cost accountant