Dy.Manager (Finance)
196 Points
Joined February 2011
Dear CMA students.
It my request to try hard and get pass in exams, that is the final thing.There will be a sea change in Cost Accountancy profession in years to come. Internal audit and Tax audit will come under in CMA'S domain with the new GST,all sevice sector will be comming under Cost Accounting records. Cost audit will be there for HOSPITALITY Industries,TRAI has recently issued Cost Accounting model and certification by Cost accountants for telecom companies,another 30CAS will be comming in years to come,Govt. projects and public procurements will have to maintain according to Cost accounting principals,Mou with Canadian Cost Accountancy and also with germany under process.90% manufacturing secor is comming under perview of Cost audit.National Financial Reporting Autority of India is comming up.
Govt is giving much focus with this profession and is fed up with price rise in every aspect ,financial accounting can not control this.
So do not worry about Management Accounancy profession , you will have a bright future ahead in years to come.