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2019-01-17T06:44:24

How important do you think is the profession of CMA??? Cost and Management Accountants help in generating profits for an organization. In order to make profits, it is essential to carry out optimal usage of resources. The CMAs are essentially involved in the costing and management of various resources. They also deal with external agencies such as the body of investors, who have stake in the organization. The investors are entitled to know how the resources are being utilised. The CMAs help in providing this information to the investors. The Government of India has a policy, where organizations have to provide costing information of various sectors within it for judicious use leading to cost control and thereby profitability. The role of CMAs becomes essential here. In a consumption based economy like ours, the central focus is towards accelerating the growth of the industrial and other sectors. The CMAs then naturally become drivers of the process. ########################################## FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA ADMISSION FOR THE UPCOMING BATCHES CONTINUES........ FOR ENQUIRY CONTACT : 8330812121 ############################################ #CMA #CMA_INDIA #COST_MANAGEMENT_ACCOUNTANTS #CMA_COACHING_CENTRES_CALICUT #SCOPE_OF_CMA #PLACEMENTS_CMA .
2019-01-14T05:57:27

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CMA - COST MANAGEMENT ACCOUNTANCY ################################# Cost and Management Accountancy has been a popular course in India. It is considered almost equivalent to Chartered Accountancy. Over the last few years, the importance of a CMA has been on the rise. This is due to India’s economic growth, large foreign businesses entering its market and the Make in India movement. What do CMAs do??? ################# Cost wizards: ########## CMAs plan, monitor, and control the cost and price of any product or service. In simpler words, they help large corporations by understanding the exact cost of production and price at which it is sold. This helps corporations minimise expenses and utilise their resources better. Ops evaluators: ########### They collect, organise, analyse, and verify information from various departments. They use this data to evaluate how efficient operations and production management is. Demand-supply controllers: #################### They analyse the sales trend to strike a balance between the demand and supply. This prevents overproduction. Performance monitors: ################# They also monitor performance of various departments involved in production. They spot and report problems and prevent them from occurring in the future. ################################################## #CMA_INDIA #CMA_COACHING_IN_CALICUT #COST_ACCOUNTING #COST_MANAGEMENT_ACCOUNTANCY #DEMAND_SUPPLY_CONTROLLERS #CMA_SCOPE_INDIA ################################################## FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA ADMISSIONS FOR UPCOMING BATCHES CONTINUES...... FOR ENQUIRY CONTACT : 8330812121 ###################################################
2019-01-08T06:04:56

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WHY CMA ????? ############# In today’s dynamic and uncertain world of business buffeted by persistent possibility of global shocks, it has become essential to devise a strategy where the business gets value for every penny spend. Here, CMAs steps in with their skill sets to make it possible. The emerging complex business environment has resulted in a situation where it is expected that instead of restricting themselves to conventional accounting and auditing, cost accountants will increasingly contribute towards the require relevant and appropriate information- quantitative and qualitative, which is adequate to take decisions that will assist the business in sustaining and growing in the competitive market place. The main objective of business organization is to maximize wealth or put it in other words to be profitable in the short-tern as well as in the longterm. In order to ensure this, all business must have a management information system, which may vary from simple information system to a complex statistical and analytical system or Decision Support System (DSS) according to the requirement of business. The most important is the financial management information system as it plays a crucial role in strategising appropriate policy for risk mitigation. Management Information System (MIS) developed with assistance of CMAs gives regular financial reports to management at all levels regarding performance measures in financial and non financial terms. This enables the organization to understand and identify weaknesses in terms of efficiency Cost Control and Reduction ‘Cost Accounting’ measures and reports information relating to cost of acquiring and utilizing resources for operations of the organization. It provides information for management and financial accounting. Cost management in turn describes the approaches and activities in short-run and long-run for planning and control decisions of managers. The resultant decisions increase value to the customers and lower costs of products and services. Cost management is an integral part of a company’s strategy to achieve competitiveness in the market place. As the market place becomes highly competitive, in which price at which a product will be sold is largely determined by market forces, there is persistent pressure to achieve target cost through cost control and cost reduction. This can be achieved through devising management accounting system by CMAs. CMAs utilizes his training and skills to architect a management accounting system and management information system, which is in tune with its organizational objectives, organizational culture, operations, structure and human resources. This is because sound information is the basis of rational decision making in any organization. The role of the CMAs becomes highly specialised and immensely important for functioning of the organisation. management of scarce resources and take strategic decisions for corporate with long term implication. ########################################### FWI - THE FINANCE SCHOOOL , CALICUT CMA | ACCA ADMISSION FOR UPCOMING BATCHES CONTINUES.................... FOR ENQUIRY CONTACT : 8330812121 ################################################# #CMA #COST_CONTROL #COST_ACCOUNTING #SCOPE_OF_CMA #COST_MANAGEMENT #MANAGEMENT_ACCOUNTING #CMA_COACHING_INSTITUTES_KERALA #PLACEMENT_RATE_IN_CMA #CMA_ABROAD_OPPORTUNITIES #FINANCIAL_ACCOUNTING
2019-01-08T05:21:10

SCOPE OF CMA - INDIA ################# The Institute of Cost Accountants of India is a statutory body set up under an Act of Parliament in the year 1959. Institute as a part of its obligation, regulate the profession of Cost and Management Accountancy, enrolls students for its courses, provide coaching facilities to the students, organise professional development programmes for the members and undertake research programme in the field of Cost and Management Accountancy. The institute pursues the vision of cost competitiveness, cost management, efficient use of resources and structured approach to cost accounting as the key drivers of the profession. In today’s world, the profession of conventional accounting and auditing has taken a back seat and cost and management accountants increasingly contributing towards the management of scarce resources like funds, land and apply strategic decisions. This has opened up further scope and tremendous opportunities for cost accountants in India and abroad. After an amendment passed by Parliament of India, the institute is now renamed as the Institute of Cost Accountants in India. This step is aimed towards synergising with the global management accounting bodies, sharing the best practices and it will be useful to large number of trans-national Indian companies operating from India and abroad to remain competitive. ############################### FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA ADMISSIONS FOR THE UPCOMING BATCHES CONTINUES....... FOR ENQUIRY CONTACT : 8330812121 ################################################ #CMA #CMA_INDIA #COST_ACCOUNTING #MANAGEMENT_ACCOUNTANCY #TOP_CMA_COACHING_INSTITUTES_KERALA #CMA_COACHING_CALICUT #SCOPE_OF_CMA_INDIA #PLACEMENTS_CMA_INDIA
2019-01-07T10:30:45

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Management accounting ???? ###################### 1) Reporting to management: It is the primary role of management accounting to inform and advise the management about the latest position of the company. It covers information about the performance of various departments on regular basis to the management which is helpful in taking timely decisions. A management accountant also works in the capacity of an advisor to overcome any existing financial or other problems of an organization. 2) Aid in decision-making: the success of any organization depends upon accurate effective decision-making, which is in turn based on informational networks as provided by management accounting. Applying techniques of differential costing, absorption costing, marginal costing, and management accounting provides useful data to the management to aid in their decision-making. 3) Planning and formulating policies: a management accountant provides necessary and relevant information to achieve the targets of the company. Management accounting uses regression analysis and time series analysis as forecasting techniques. 4) Controlling performance: in order to assure effective control, various techniques are used by a management accountant such as budgetary control, standard costing, management audit, et cetera. Management accounting provides a proper management control system to the management. Reports are provided to the management regarding the effective and efficient use of resources. 5) Interpreting financial statements: collecting and analyzing accounting data is a key role of management accounting. This provides relevant information in a systematic way that can be used by the management in planning and decision-making. Cash flow, fund flow, ratio analysis, trend analysis, and comparative financial statements are the tools normally used in management accounting to interpret and analyze accounting data. 6) Motivating employees: management accounting provides a selection of best alternative methods of doing things. It motivates employees to improve their performance by setting targets and starting incentive schemes. 7) Coordinating among departments: management accounting is helpful in coordinating the departments of an organization by applying thorough functional budgeting and providing reports for the same to the management on a regular basis. 8) Administrating tax: any organization must comply with the tax systems of the country they operate from. It is a challenge due to the ever-increasing complexity of the tax structure. The organization needs to file various kinds of returns with different tax authorities. They need to calculate the correct amount of tax and assure timely deposit of tax. Therefore, the management takes guidance from management accountants to comply with the law of the country. ################################################## FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA ADMISSION FOR THE UPCOMING BATCHES CONTINUES....... FOR ENQUIRY CONTACT : 8330812121 ################################################# #CMA #CMA_INDIA #CMA_TOP_INSTITUTES_KERALA #CMA_CAOCHING_INSTITUTES_CALICUT #MANAGEMENT_ACCOUNTING #SCOPE_OF_CMA_INDIA #CMA_OPPORTUNITIES #CMA_AS_A_CARRIER
2019-01-07T08:32:38

What is the average salary of a CMA in India !!!!!!! ??? The average salary of a newly Qualified CMA with no experience will vary from RS.3.5 lakh to 4 Lakh p.a. However, If one have Corporate skills and good Academic knowledge, he may get up to RS.6 lakh p.a. as starting Salary. Fresh CMAs interested in building their long term practice are offered a minimum of Rs 3 lakh per annum, plus revenue share out of incremental revenues from professional work of the firm in the specified location. ################################################# FWI - THE FINANCE SCHOOL - CALICUT CMA | ACCA ADMISSION FOR THE UPCOMING BATCHES CONTINUES..... FOR ENQUIRY CONTACT : 8330812121 ################################################## #CMA #CMA_INDIA #CMA_SCOPE_IN_INDIA #CMA_LOW_COST_KERALA #CMA_PLACEMENTS #CMA_INDIA_SALARY_SCALE #CMA_KOZHIKODE
2019-01-07T07:33:46

CMA - THE BRAIN BEHIND THE BUSINESS ################################# What is cost and management accounting? Accounting is a business language. We can use this language to communicate financial transactions and their results. Cost accounting and management accounting are two important terms in accounting that are used to control and formulate the organization policies. Both are used for different purposes with different styles. Cost accounting ############ Cost accounting deals with the calculation and assessment of costs and expenses to purchase or produce something. It relates to calculation per unit cost using different costing techniques. Its primary purpose is to facilitate managers in decision making. The main activities of cost accounting are: 1) Budgeting: In cost accounting, various budgets are prepared, showing cost, revenue, profit, production capacity and efficiency of plant and machinery, as well as the efficiency of workers. The budget is planned in a scientific and systematic way that is often unique to the company, as reports are not bound to the principles of Generally Accepted Accounting Principles (GAAP). 2)Classify and break down costs for external reporting and internal profit measurement. Since costs are calculated on a detailed level, identifying profitable and unprofitable items or activities becomes easy. 3) Information on costs and activities may be used as a basis to estimate future costs in preparing and reviewing budget estimates 4)Determine the fees or prices for goods and services: in tough market conditions or in slump periods, costing helps to determine the selling price of the product at the optimum level to be competitive. Management accounting ################## Management accounting relates to the provision of appropriate information for decision-making, planning, cost control and performance evaluation. Management accounting turns data into information, knowledge, and wisdom about a business entity’s operations. This is one step further than cost accounting. Management accounting works to know the reasons of profit or loss and studies the factors which influence efficiency to assist in decision making. Therefore, cause and effect is an important feature of management accounting. Conclusion ######## In short, cost accounting supports management accounting and in turn management accounting pushes cost accounting further according to the needs of the management. ################################################## FWI - THE FINANCE SCHOOL CMA | ACCA ADMISSION CONTINUES FOR THE UPCOMING BATCHES........ FOR ENQUIRY CONTACT : 8330812121 ################################################## #CMA #COST_ACCOUNTING #MANAGEMENT_ACCOUNTING #CMA_TOP_INSTITUTES_IN CALICUT #CMA_LOW_COST_KERALA #CMA_COPE_IN_INDIA #CMA_COACHING #CMA_JOB_OPPORTUNITIES
2019-01-02T07:08:43

How important do you think is the profession of CMA? ######################################### Cost and Management Accountants help in generating profits for an organization. In order to make profits, it is essential to carry out optimal usage of resources. The CMAs are essentially involved in the costing and management of various resources. They also deal with external agencies such as the body of investors, who have stake in the organization. . The investors are entitled to know how the resources are being utilised. The CMAs help in providing this information to the investors. The Government of India has a policy, where organizations have to provide costing information of various sectors within it for judicious use leading to cost control and thereby profitability. . The role of CMAs becomes essential here. In a consumption based economy like ours, the central focus is towards accelerating the growth of the industrial and other sectors. The CMAs then naturally become drivers of the process. ################################################### FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA FOR ENQUIRY :8330812121 ################################################### #CMA #SCOPE_OF_CMA #CMA_AS_A_FUTURE #MANAGEMENT #COST_CONTROL #MANAGEMENT_OF_RESOURCES
2019-01-02T06:37:58

CMA - WIDE OPPORTUNITIES!!!!!!! ######################### List of some of the recruiters in recent past ############################### * Assam Brooke Ltd. * Ashok Leyland Ltd. * Apollo Gleneagles Hospitals * Bata India Ltd. * Bharat Heavy Electricals Ltd * Bharat Sanchar Nigam Ltd. * Castrol India Ltd. * Coal India Ltd. * Dunlop India Ltd. * Ford India Ltd. * Genpact Ltd. * Hindustan Zinc Ltd. * IDBI Bank * ICICI Bank * ITC Ltd. * Jindal Steel & Power Ltd. * MMTC * NTPC * ONGC Ltd. * Tata Consultancy Services Ltd. * Vedanta * Wipro BPO * IOC ############################################ FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA FOR ENQUIRY : 8330812121 ############################################ #CMA #CMA_CALICUT #CMA_PLACEMENTS #CMA_TOP_INSTITUTES_CALICUT #CMA_SCOPE_IN_INDIA
2019-01-02T06:04:03

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CMA - "THE BRAIN BEHIND THE BUSINESS" Niche of the Cost Accountants in india ??? ################################### In today’s dynamic and uncertain world of business buffeted by persistent possibility of global shocks, it has become essential to devise a strategy where the business gets value for every penny spend. Here, CMAs steps in with their skill sets to make it possible. The emerging complex business environment has resulted in a situation where it is expected that instead of restricting themselves to conventional accounting and auditing, cost accountants will increasingly contribute towards the management of scarce resources and take strategic decisions for corporate with long term implication. *) Key role in decision making ###################### Members of Institute of Cost Accountants of India are the driving force in the team of management while in employment and key consultant, effective Cost Auditor and an appropriate advisor in practice. Contemporary economic environment demands that all business will require relevant and appropriate information- quantitative and qualitative, which is adequate to take decisions that will assist the business in sustaining and growing in the competitive market place. The main objective of business organization is to maximize wealth or put it in other words to be profitable in the short-tern as well as in the longterm. In order to ensure this, all business must have a management information system, which may vary from simple information system to a complex statistical and analytical system or Decision Support System (DSS) according to the requirement of business. The most important is the financial management information system as it plays a crucial role in strategising appropriate policy for risk mitigation. Management Information System (MIS) developed with assistance of CMAs gives regular financial reports to management at all levels regarding performance measures in financial and non financial terms. This enables the organization to understand and identify weaknesses in terms of efficiency . *)Cost Control and Reduction ###################### ‘Cost Accounting’ measures and reports information relating to cost of acquiring and utilizing resources for operations of the organization. It provides information for management and financial accounting. Cost management in turn describes the approaches and activities in short-run and long-run for planning and control decisions of managers. The resultant decisions increase value to the customers and lower costs of products and services. Cost management is an integral part of a company’s strategy to achieve competitiveness in the market place. As the market place becomes highly competitive, in which price at which a product will be sold is largely determined by market forces, there is persistent pressure to achieve target cost through cost control and cost reduction. This can be achieved through devising management accounting system by CMAs. CMAs utilizes his training and skills to architect a management accounting system and management information system, which is in tune with its organizational objectives, organizational culture, operations, structure and human resources. This is because sound information is the basis of rational decision making in any organization. The role of the CMAs becomes highly specialised and immensely important for functioning of the organisation. ############################################## FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA FOR ENQUIRY :8330812121 ############################################## #CMA #CMA_SCOPE_IN_INDIA #CMA_TOP_INSTITUTES_IN_KERALA #COST_MANAGEMENT_ACCOUNTANT #TOP_CA_INSTITUTES_CALICUT #CMA_LOW_COST_CALICUT #CMA_INDIA_COACHING_INSTITUTES_CALICUT
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