CA vs CMA - which is better? - Students

This is common question in caclubindia. i have found some interesting example.

it can help CA or CMA aspirants.

"Take a supermarket, which spans across different types of merchandise like grocery, cosmetics, apparels etc. A Chartered Accountant will be able to tell what the revenue from each of the departments is, what is the profit/loss at the company level, department level, and the tax payable on the income earned. A Cost Accountant will evaluate the rationale as to why a particular unit showed up loss, which product needs to moved out of the shelf, which product needs to be stocked up more, what is the price at which a product ought to be priced in order to make the required margins, how to manage the costs efficiently, so that though the sale price cannot be augmented, the cost can be condensed to keep up the margins. A cost accountant facilitates an organization to improve performance by analyzing the business."

And so, this is my understanding of a CA and CMA function in the business world. Each function has its own substance and a purpose; I fall short to see the rationale behind people arguing about the supremacy of the courses. Grow up!!

Cheers :))

Agree to the above but would like to add that "a chartered accountant working in a costing capacity in an organization is as efficient and equivalent to a cost accountant so as to complete all costing functions such as finding the cost, pricing, evaluation and all other costing furnctions mentioned above..... also a cost accountant working as a financial manager or analyst is as efficient as a chartered accountant to efficiently complete all the financial reporting, planning and analysing the revenues etc as is required. It is the role in an organization that defines whether one handles the finance function or costing function and these roles can be well managed by both CA and CMA." This is only in relation to employment where both professions can taken up any function relating to finance and costing.

Practice areas are of course different as laid by the statutes.