The Certified Management Accountant (CMA)
is the highest level of certification in management accounting awarded by the Institute of Management Accountants (IMA) USA.
The US CMA Course is globally recognized, advanced-level credential appropriate for accountants and financial professionals in business.
The CMA exams comprise 2 parts:
Part-1: Financial Planning, Performance and Control,
Part-2: Financial Decision Making
Miles CMA Review has partnered with IMA and Wiley to use the official CMA Learning System coupled with classroom trainings across India.
Best Alternative Courses for CMA after CMA
So many students are asking us about this doubt. So, we are here coming with the answer. In this article you can know about the Best Alternative Courses that you can study along with CMA Inter or uniquely after CMA Inter to build a better career. Know about some of the very important courses that a CMA Inter student can study along with CMA Course. The clear details about this concept can be available from below.
Career With CMA Added Advantageous Course:
1. More than basic understanding of accounting.
2. Good knowledge of ERP, Tally, SAP, IFRS, MIS working environment.
3. Understanding of working as a finance part.
4. Good and practical knowledge of Taxation.
CMA (Cost & Management Accountant), is on emergence in India, but the demand is still very low and hence, the regulating body keeps the result way too low, so as to control the number of CMA's in the country. CMA is more based on analytical skills and understanding the Concepts of Cost related issues and better management decisions. In India, modernisation has taken a lead but still most of the industries do not focus on Cost cutting and better management which is why they do not feel any need of CMA's and hence, the demand is very low. CMA's are paid well but jobs are few.
But this profession is in great demand overseas.
There is nothing like Global Qualification. Every qualification is just as good as the institute/university that provided the certificate. When I applied for jobs in the USA, I never had an issue with my Indian CA degree.
ICWAI-CMA is more global than CA, it all depends on how one markets oneself at the interview. Almost everyone that I was interviewed by understood Indian CA. People familiar with Accounting industry all understand that some countries call it CA while others call it CPA.
The bigger challenge with the job market is obtaining the visa to work in a foreign country. One should look into how one can get that.
If you want to practice your profession abroad then that is a different thing. You need to get the local certification for attestation functions. Vice-versa if a CPA from USA wants to practice in India he needs to get local certification. Also note that doctors cannot practice in the USA or for that matter any country without getting local license.