At Siddhi Professional, we offer a comprehensive CMA course that equips students with the skills and knowledge required to excel in the field of cost and management accounting. Our curriculum is aligned with the standards set by the Institute of Cost Accountants of India (ICMAI) and focuses on building expertise in financial management, strategic planning, and decision-making.
The CMA course is open to anyone who has completed their higher secondary education and has a keen interest in pursuing a career in management accounting. Whether you’re a recent graduate or a working professional looking to enhance your skills, our program is designed to cater to diverse learning needs.
A Cost and Management Accountant specialises in navigating managerial decisions, stabilising budgets and standards, assessing operational efficiency and the effectiveness of production and service management, identifying accountability for profit variance. His responsibilities include: designing and implementing effective management information and control systems, planning costing systems and methods, inventory control incorporating mathematical models, investment analysis, project management, internal audit, cost audit, diagnosis in the case of sick industries, fund management, pricing planning, interpreting information and data related to business activities and translating them in such a way as to guide the core management into taking the right decisions.
CMAs are committed to:
> Enrich Cost Competiveness of Indian Industries.
> Create awareness and spread knowledge of Cost and Management Accountancy.
> Improve Cost and Management Accounting Literacy.
> Impart employable skills amongst Youth to serve the Society besides meeting National requirements.
> Contribute to green and Clean Technology.
> Participate in sustainable and inclusive growth and development of the Economy
The subjects for Foundation Course are :
Paper 1 Fundamentals of Economics and Management
Paper 2 Fundamentals of Accounting
Paper 3 Fundamentals of Laws and Ethics
Paper 4 Fundamentals of Business Mathematics and Statistics
The Intermediate Course consists of two Groups comprising of the following papers :
Group - I
Paper 5 Financial Accounting
Paper 6 Laws & Ethics
Paper 7 Direct Taxation
Paper 8 Cost Accounting
Group - II
Paper 9 Operations Management & Strategic Management
Paper 10 Cost & Management Accounting and Financial Management
Paper 11 Indirect Taxation
Paper 12 Company Accounts & Audit
The Final Course consists of two Groups comprising of the following papers :
Group - III
Paper 13 Corporate Laws & Compliance
Paper 14 Strategic Financial Management
Paper 15 Strategic Cost Management-Decision Making
Paper 16 Direct Tax Laws and International Taxation
Group IV
Paper 17 Corporate Financial Reporting
Paper 18 Indirect Tax Laws & Practice
Paper 19 Cost & Management Audit
Paper 20 Strategic Performance Management and Business Valuation.
The students are required to undergo the following training:
I. 3 days “Communication and Soft Skills” for Intermediate students
II. Compulsory Computer Training for Intermediate students for 100 hours
III. 7 days “Industry Oriented Training Programme” after enrolling for Final course.
IV. 15 days Modular Training after passing Final course and before campus.
V. Practical training, as provided in regulations.
Offering Organizations:
CMA US: Offered by the Institute of Management Accountants (IMA) in the United States.
CMA India: Offered by the Institute of Cost Accountants of India (ICAI).
Focus:
CMA US: The CMA certification from the IMA focuses on global management accounting principles and practices, emphasizing financial planning, analysis, control, decision support, and professional ethics.
CMA India: CMA India from the ICAI emphasizes Indian accounting standards, regulations, and practices along with global management accounting principles.
Recognition:
CMA US: Widely recognized globally, particularly in the United States and North America, but also increasingly accepted internationally.
CMA India: Recognized mainly within India and some neighboring countries, but may not have as much recognition on a global scale as CMA US.
Curriculum:
CMA US: The CMA curriculum covers two parts with topics such as financial reporting, planning, performance, and internal controls, as well as decision analysis, risk management, investment decisions, and professional ethics.
CMA India: The CMA India curriculum also covers similar topics, but with a focus on Indian accounting standards and regulations, making it more tailored to the Indian business environment.
Exam Structure:
CMA US: The CMA exam consists of two parts, each with multiple-choice questions and essay questions.
CMA India: The CMA India exam structure may vary but typically consists of multiple-choice questions and possibly essay questions as well.
Membership:
CMA US: Candidates who pass the CMA exam become members of the IMA and can use the CMA designation.
CMA India: Similarly, candidates who pass the CMA India exam become members of the ICAI and can use the CMA designation.
Join our acclaimed CMA Certification Course and receive top-notch coaching in Mumbai to excel in the field of cost and management accounting.
We are committed to rigorous academic training combined with practical industry knowledge, ensuring that our students excel as ethical and skilled professionals in financial management and strategic decision-making.
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