Cost and Management Accountant - CMA
Cost and Management Accountant (CMA) is an estimable and an extremely admirable professional certification that is rendered to an individual, who as a CMA, is considered as a master of the wide-ranging financial management and management accounting domain. The Institute Of Cost Management Accountants Of India that was erstwhile known as The Institute Of Cost and Works Accountants Of India, was primarily established in 1944 as a company under the Companies Act, 1956 with its prime objective of promoting, regulating and developing the profession of Cost Accountancy.
The highly reputable Institute Of Cost Management Accountants Of India was fundamentally established on 28th May,1959 as a statutory professional body by a special act of Parliament, that is the Cost and Works Accountants Act, 1959, for the regulation of the expansive profession of cost and management accountancy in India.
The Institute of Cost Management Accountants of India, that has its headquarters in Kolkata, along with four regional councils in Kolkata, Delhi, Chennai and Mumbai, along with a number of important chapters that are situated elsewhere in India and also abroad, is the only recognised statutory professional organisation and licensing body in India that specialises exclusively in Cost and Management Accountancy.
The Institute of Cost Management Accountants of India is responsible for conducting the strenuous and onerous albeit highly renowned exams of Cost and Management Accountant ie the CMA exams across India and also in some parts abroad, and a candidate who clears all the three eclectic CMA levels would be bestowed with a prestigious professional certification of a CMA.
A Cost and Management Accountant is a professional who furnishes his adroit services for evaluating the cost or prices of different goods and services. Such an individual also helps his organization for preparation, verification or certification of cost accounting and related statements.
At present, there are around 90,000highly skilled and learned CMA's in India, who have immeasurably contrived towards great industrial and economical growth in the country and besides this, there are more than 5,00,000 students who are pursuing the ICMAI course.
Also its pertinent to mention that a professionally qualified CMA would rightly propel his organization by generating value for stakeholders in the limitless socio-economic sphere, by way of their adroit competencies that they draw from their very strong and unique combination of strategy, management and also accounting.
A CMA possesses an expansive and a broad-based knowledge of Financial Planning and Analysis, Cost Management, Decision Analysis, Risk Management, Financial Management and Internal Controls etc and this multidisciplinary knowledge base of a CMA is highly advantageous for a CMA, whom companies always scout for, as these CMA's get innumerable job opportunities to work in organizations of all sizes, they can work in MNC's, industries of all types, such as a manufacturing industry. A CMA can also work for any public or private enterprise, NPO's, government bodies, teaching institutions etc. wherein they are highly paid.
Also with the rapidly evolving, highly dynamic and globally integrated business world, CMA's have unfathomable scope for career growth, not only in the Indian market but also in other countries, especially USA as in 2018, The Institute of Cost Management Accountants of India entered into a joint Memorandum of Understanding (MOU) with the Institute of Management Accountants, USA for enabling mutual recognition of this professional accounting course. A member of ICWAI can thus get enrolled as a member of IMA USA and vice versa, with great ease and this has unfurled a plethora of opportunities for the CMA, India students who can now easily practice all over the world. One can therefore decipher that opting for the CMA certification is a highly appreciable and a good career move, especially for the individuals who aspire to make it big in the field of management accounting, the scope of which is sky high and has absolutely no limits.
However donning the cap of an adept and proficient CMA is not a cakewalk, and is considered as a herculean task for all, as there are primarily three comprehensive and detailed levels with several different subject papers, that a student must clear, so as to accomplish his dream of becoming a CMA.
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“ Having studied from Ashish Kalra sir in IPCC, I was absolutely sure to take my classes from him for CA Final too. The way he teaches the concepts, they get deeply engraved in us in a manner that it's ... “
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“ Sir, you are really awesome. I have never met you personally but ek ajeeb sa mental connection ho gaya hai aapse. I am taking your satellite classes in Agra. I can't even imagine what would be the sit... “
“ ASHISH KALRA SIR, the most hardworking and sincere teacher I’ve ever met. IGP means awesome and the best institute for CA classes. I believe all my success is because of this hardworking teacher ASH... “
“ The most important thing that I've learnt is to plan my work. ASHISH SIR has been a constant source of motivation who instills a lot of confidence in a person. I actually started believing, that achie... “
“ You are an awesome teacher by the way you teach. Your hard work to build our careers motivates us to work more till our last breath. You taught us not just Cost and FM, but also about all life aspects... “
“ IGP is a place you can trust. I am very happy to be a part of this institute. CA Ashish Kalra is a great teacher and I am so blessed to be a part of his life which he shared with us while teaching us.... “
“ Experience of those four months with Ashish Kalra Sir was out of the world. A person who possesses such vast knowledge not only in the field of cost & F.M. but in other fields also, that we can dream ... “
“ Ashish Sir is an amazing teacher. The way he introduces us with a concept, it make sure we never forget it. He has an explanation for every part of a concept, you just have to be a tentive and never g... “
“ it was a great experience studing from Ashish Sir. He always motivated us to give our best. He focused on concepts which really helped me in my revisions. His books are more than sufficient for exams ... “
“ Ashish sir is the best teacher anyone can get…. The way he teaches the concepts and clear each and every doubt is just amazing….. Studing Costing and FM from Ashish sir is just blessing ... “
“ I was not able to clear only SCMPE for the last 2 times. But this time because of your classes, I crack it and become CA. Thanks a lot sir... “
“ I Scored 80 marks in SFM in yesterday result and I am a CA now so thanku sir for your guidance and effort.... “
“ Sir apke padhane ka tarika is out of level full conceptual clearity milti hai and theory padhane ka itna interesting way hai ki kabhi bore nahi hote…... Thanks for all such efforts you do for us….... “
“ Sir ji…. Apne Economics, FM, Cost itni easy tarah se padhaya ki sab samajh aa gya... Sir I Love You… you are the best teacher of this world thanks sir ji for this. ... “
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“ Best faculty for CA and only institute with face to face classes. Energy level is so high. Motivational lectures are awsome. Best books and content fully covered. Fun and knowledge together. ... “
“ Choosing Ashish Sir as mentor was one of the decisions I am proud of, beside his extreme knowledge and ability to disseminate it, his hardwork for us was indeed selp motivating. Now to elobrate on stu... “
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“ The Ashish Kalra Sir u have been so much more than a teacher for us…. (mentor, guide, friend) I can challenge anybody in the whole world to find a better teacher than u…. U have set a great exampl... “
“ Ashish Kalra Sir YOU ARE THE BEST, I still remember the first day of class when all questions seemed same and confusing to me and last day when I was able to handle them proficiently. You made CMA lik... “
“ Ashish Kalra Sir, You are the Best, I still remember before the first day of class when everything was new and tough in my mind, since the first day till the last day everything was easy as a cakewalk... “
“ The experience of taking classes from Ashish Sir is magical, something that cannot be accurately described in words. Although I took a pendrive classes, I never felt disconnected and it was as if I wa... “
“ Sir, you have been an excellent teacher, hardworking and devoted to your work and to us. You have helped us grasp your subject through intresting lectures and presentations, feeling us up to achieve o... “
“ Ashish sir is the one who takes a hand opens a mind and touches the heart. He is the best inspiration one can get He is the best teacher one can get. ... “
“ Sir… you are the best teacher no one can teach Cost, FM & ECO for finance better than you….. This whole market is full of teachers but you are diamond of the field and your book of economics is ju... “
“ Give your best and you will definitely get the best. Keep on working hard and you will clear your CA Exams with good marks. This is what I did. I make a schedule and tried to follow it. Sir always use... “
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“ It has been a great expereince studing CMA & FM Eco from you Ashish Sir. I am so lucky that I got a teacher like you. Your teaching method is really simple, straight forward and effective and I will n... “
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