Value Addition in CMA

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VALUE ADDITION

University Grants Commission (UGC) has notified “UGC Regulations on Minimum Qualifications for Appointment of Teachers and Other Academic Staff in Universities and Colleges and Measures for the Maintenance of Standards in Higher Education, 2010 vide its Circular No. F.3-1/2009 dated 30th June 2010.

The Regulations prescribe the minimum qualification for appointment of teaching faculty in universities and colleges in the area of Management/ Business Administration. The qualifications specified for appointment of Assistant Professor, Associate Professor and Professor in the above area and Principal/Director/Head of the Institution include First Class Graduate and professionally qualified Cost Accountant among other qualifications and subject to other requirements including qualifying NET/SLET/SET as the minimum eligibility condition for recruitment and appointment of Assistant Professors.

FURTHER ACADEMIC PURSUITS FOR CMAs:

  • A member of the Institute can get enrolled as a member of IMA USA.
  • Recognized by the Academic Councils of many Universities in India for the purpose of admission to the Ph.D. courses in Commerce. Various Universities have recognized CMA qualification for registration as M.Phil. and Ph.D. candidates in commerce and allied disciplines.
  • To extend the professional opportunities for CMAs the Institute has renewed the MoU with CIMA, UK on 31st January 2015 at Hyderabad under the revised terms and conditions, which attaches wider recognition to CMAs, while pursuing CIMA, UK Course. CMAs under the revised terms would be appearing TOPCIMA and pursuant to clearance would be recognized as CGMA (Certified Global Management Accountants) which is having a global recognition.
  • The Institute of Cost Accountants of India (ICMAI) and The Association of Chartered Certified Accountants (ACCA) of the UK signed a Memorandum of Understanding to work together towards co-operation in respect of professional training, education and examinations. Under the MOU, ACMA/FCMA can appear and qualify in 5 (five) Papers at the Professional Level (P1 to P3 -Essential/ Compulsory and P4 to P7 -any two papers which are Optional). All 9 papers at Fundamental level are exempted.
  • MOU between Indira Gandhi National Open University (IGNOU): As per MOU dated 11th July, 2008, IGNOU offers specialized BCom and MCom Programs for the students. The Students can simultaneously study the specialized BCom (Financial & Cost Accounting) programme with the Institute’s Intermediate Course and specialized MCom (Management Accounting & Financial Strategies) with the Institute’s Final Course.

SPECIALISTS COURSES CONDUCTED BY ICMAI FOR MEMBERS AND OTHERS

  • Diploma in Information System Security Audit (DISSA)
  • Online Certificate Course in Data Analytics for Finance Professionals
  • SAP FINANCE POWER USER COURSE with SAP Learning Hub
  • Certificate Course in ADVANCED BUSINESS EXCEL FOR FINANCE PROFESSIONALS ([WITH MICROSOFT CERTIFICATION])
  • COST & MANAGEMENT ACCOUNTING FOR ENGINEERS – EXECUTIVE DIPLOMA IN COST & MANAGEMENT ACCOUNTING FOR ENGINEERS
  • CERTIFICATE COURSE IN ARBITRATION -EXECUTIVE DIPLOMA IN BUSINESS VALUATION

Institute of Actuaries of India – Relaxation on Admission Criteria for CMA Members:

An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuarial qualification is globally accepted by organisations and other actuarial bodies.

Institute of Actuaries of India has enhanced the criteria of Student Membership Admission.

Fully qualified members from the Institute of Cost Accountants of India can now directly apply for Admissions without appearing for the ACET entrance examination.

For more details, please click here: www.actuariesindia.org

Please refer the link for admission announcement: http://www.actuariesindia.org/downloads/OnlineAdmissionusermanual_nonacet.pdf and click here to register: http://www.actuariesindia.org/Non_Admission.aspx