Please enter your Mobile Number and Education Level to proceed.
60 minutes of Duration
180 Questions
Instant Report
500+ Career Options
1M+ Test Taken
Well,
Cost accountancy is basically a profession where you work for corporate houses to help them work efficiently in terms of financial matters. A cost and management accountant would collect data and financial facts of the organization and would analyze them to help reduce the cost to the company. A cost reduction and maintain efficiency in operations, going on is the main work and the area of expertise for any Cost and Management Accountant.
What does a Cost and Management Accountant do?
A cost accountant would manage inventory, review the cost invested and other such matters. The analysis of the ongoing financial processes is the area of work, a cost accountant will be seen at. A Cost and Management Accountant does the important work like navigating managerial decision, ensuring product and management efficiency and this professional will also be assessing the operational efficiency.
Dear Aspirant, It’s indeed a great profession which involves challenging work at a managerial level that sustains the concerned organization and enables it to achieve efficiency at all levels of financial and managerial levels. You can get into this profession to enlarge your career scope with the help of Professional Experts at CareerGuide.
Where to get admission for CMA - Cost and Management Accountancy?
The Institute of Cost Accountants of India (ICAI) is the apex and professional body which coordinates the developing procedure for the Cost and Management Accountant (CMA). Previously the institution was known as the Institute of Cost and Works Accountant of India (ICWAI) which afterward rechristened as ICAI. The ICAI conducts examination and oversees all the process till candidate is awarded the said profession title. You can find many other institutions which will be offering the same course for the same purpose but the CMA from ICAI is a famous one.
The nature of the CMA – Cost and Management Course:
The CMA contains three levels which are to be qualified respectively by the candidate.
Foundation Course
This level contains four papers comprising the subjects like Economics and Management, Accounting, Laws and Ethics and Business Mathematics and Statistics.
Intermediate Course
The Intermediate course will have two groups containing eight papers and the subjects like Accountancy, Financial Management, Taxation, Laws, Ethics and Governance and the Audit, etc.
Final Course
The Four Papers in this final course you will be appearing for will contain subjects like Corporate Laws, Financial Management, Cost Management and Tax Management, etc.
Computer Training
Apart from this, there will be 100 hours computer training and this is compulsory to appear in intermediate course.
Passing Requirements
To successfully pass the course you need to get 40% score in each paper and 60% aggregate for all the papers.
Admission Requirements and Eligibility Criteria:
The candidate who passes through this all above stages becomes a member of the ICAI which means the candidate becomes full-fledged professional as a Cost and Management Accountant. Dear Aspirant, you have chosen a good and best profession, I would say. For admission purpose and the complications therein you can talk to the Professional Experts who will be guiding you throughout the admission process and guide you to complete the whole course in minimum possible time successfully. Wish you all the best!
ss
Career Guide, Educationist, Author and Clinical Psychologist
Dr. K.V Anand is a PhD in Counseling Psychology from Fort Jones University USA with MSc In Applied Psychology and MS in Psychotherapy. He is an expert in psychometric tests to facilitate awareness about various psychological traits, personality, skills, aptitude etc. He is a Certified Motivation trainer and personality development trainer. He is experienced in evaluating of psychology or psychiatry cases. Uses Psychometric tests such as personality, bipolar disorder test evaluation, student counseling. He has more than 9 years experience in soft skill training field covering career guidance, education, motivation, personality development, team building, leadership skills, stress management, conflict management, decision making. Beside this he is a active writer and have books related to psychology under his name such as “Adolescence mental Problems” and ”Infant and Child Psychology”
Founder And Director At Canvas Career
Mr. Prathamesh is a Certified Career Consultant by Psytech International (bps) UK and is also a Certified Trainer for Life Skills; he is pursuing Narrative Therapy from Adelaide, Australia. He has been in to career counseling for more than 8 years now he practices MINDFULNESS psychotherapy with students. He possesses vast experience in teaching and career counseling. Currently he is associated with FUEL NGO. He had counseled over laces of students and is a founder director of Canvas Career Consultancy, committed to conduct Psychometric assessments for students and do career counseling by making them aware about new career avenues
Counselor at Adaptive Minds
Mrs. Meghna is a Postgraduate in clinical Psychology. She had been a part of several workshops related to Personality Enhancement, Counseling, Child and Adolescent Psychiatry, Therapy, Hypnosis for self Healing etc. She works at Adaptive Mind as freelance counselor and had worked as an executive counselor at Growth Centre, School Counselor at Billabong High International School, Sri Sri Ravi Shankar Vidya mandir. Her areas of expertise include Human Resources Management with Clinical Psychology. Currently working as a Brain mapping analyst
See All Questions