The Cost and Management Accountants (CMA India) course offered by Lakshya aims at building competence in students. The CMA certification has been the global benchmark for management accountants and financial professionals. The course offers training in particular fields of management accounting which will equip 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 INDIA 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 to 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 of 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 levels - 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 brings focus on the regulatory aspects. The examination is pen and paper-based which tests the conceptual clarity on each subject.
The CMA Foundation Level consists of 4 Papers;
CMA India 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 Intermediate level has two groups. Whether the student appears for a single group or both groups, there will be paper-wise marks for each group of the exam. For a single group exam, each paper will be 100 marks. The students should have a minimum of 40 marks of each papers and an aggregate of 50%;
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 18 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. These insights are used to guide the management team in taking the right decisions.
Cost accountants are in great demand in sectors like:
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 qualified 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.
Auditing and accounting field is perfect for commerce or business graduates or for science students who want to switch. It will provide an edge in your career trajectory and will help you stand out compared to your peers.
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.
Any student who has completed their +2 exams is eligible to attend the CMA foundation exams. Graduates will get direct entry into the CMA inter exams and are exempted from writing the CMA foundation exams.
Exams are held in the months of June and December tentatively. Students should apply for the exams before 31st January for the June exams and July 31st for the December examinations.
The fees for CMA foundation course is ₹44,300 , the fees for CMA Inter exams are ₹73,800.