Huge demand for cost accountants

Also see the experiance required ...... 

After 20 yrs of xperience that's the least you can expect dude.

Its normal.... a cost Accountant( wih having potentiality) must get a very gud packge....

I do not think CWA alone is enough for independt career.Even  Skill and knowladge is not guarentedd by any qualification (CA IIM). It is keen interst  in your work and hardwok and practices makes you perfect.

Generally, CWA is taken as additional qualification with CA, CS, MBA or even Engineering.It brings good value addition to your career

Students specially at young age  should first try for main straem profession like MBA IIT, CA, then opt CWA or Management accounting certification from good institute.

Basically , all those professional working in bussiness , not having any professional qualification, should get enrolled in CWA, He/She will get the CWA after a little bit pain.

I can not suugest to choose CWA as  choice of career initially , as all acorss the world MBA is taken for management , CA/CPA is taken for Accounting and rest eng.or medical you know verry well. So going only with CWA may not give good starting, while IIM,IIT ,CA will give good start in career. Thereafter , it is your own perforamcne to decide your career growth.

So CWA/CMA is good value addition to CA /CPA/MBA , See how CA /CPA is gievn CIMA/GCMA without receprocated with these qualification

Thank and Regards

@ Raj : did u hv ur CCI account before????? Already i asked u this ques in ur therad at: /forum/details.asp?mod_id=8215&offset=4

but again am askin the same, did u hv ur CCI a/c b4???

 Chartered Accountancy is v. good course if you wants be in area of practice for direct tax and financial audits.  In Industry CA’s are hired for fulfillment of the statutory requirements. India CA’s is lacking skill of Cost and Management Accounting practices as they are always opposed of the same.  If you see views of  the CA institutes representation in the Standing committee on finance on name change of ICWAI, you will be surprised that how they are lacking knowledge of Cost and Management Accounting.  As per CA institute “Management Accounting is not any subject of accountancy”, it is mere a post in the industry called “Management Accountant”

As far as ICWAI is concerned it is fully dedicated to develop profession of Cost and Management Accounting, whether ICAI is opposing or not. ICWAI is coming with new syllabus and training requirement in the 2013. And after the introduction of this syllabus ICWAI acceptance in the industry will be drastically increase. Past may be for CA’s but future will be for CMA’s. . In developed world CMA’s is getting better salary packages as compared to CPAs. Now industry is open and facing completion from international level.  Companies need to be Cost Competitive to stay in the market. So CMAs is getting huge response from industries.

As far as MBA’s are concerned their requirements in the industry is different, neither ICWAI nor ICAI can compete them. MBA professionals created niche in the financial market.  I have worked with MBA’s in the industry and really they are very particular about their work. So demand of MBA’s will also increase.

 So, each professional should know their area of strength,

CA’s – for statutory compliance issues

CMA’s – for financial and Cost management of companies

MBA’s – for selling financial products, for conducting financial research etc.

 CMA Rakesh Kataria

Dear Rakesh Ji,

With warm regards, i want to submitt that 

Whether past belonged to CA or Future will be of CMA, but please look at the present happening in the world;

All CPA (3.25 Lacs) are going to be  management Accountants without any exams,please check  it and confirm me , "Chartered Global Management Accountant" willbe awarded to all those CPA ,who are in job for three years.

There will not be any futher exam for them , Then how sir, you will differentiate between CPA and CMA

In Canada , all CA's and CMA's are going to be known as CPA "Chartered Professional Accountant.

Next Come to India , CIMA has given exemtions to indian CA in nine subjects out of fifteen. But ICAI has not allwed single exemption to CIMA members. 

IF ICAI allowes similar exemption as allwed by  ICWAI to CIMA members, all CA;s wil be automatically became Management Accountants.

Finally , i want to view that all CA/CPA's are accepeted as management Accountants by industries, there is no need for CPA/CA to go for separate assesment of MA  knowledge. I presnet as per current events across the world. You may be diffrent.

Hence , Management Certification is good along with CA ,CPA MBA or engineering , It provieds value addition to career. But as standalone ,CMA /CWA may not start good career as  like CPA/CA/MBA can start.

@ Raj : u dint rep me yet!!!

Pralay ,

I Am regular user of CCI since its inception, some times i did not due to work .

Originally posted by : CMA. Pralay Chakraborty
	@ Raj : u dint rep me yet!!!

I am here to reply u sir!!! Yes, Mr Raj Kumar gupta ji is a respected member of this ca(chartered accountant) clubindia forum since its inception.I too had seen his valuable comment in the past.By the way may i asked u a question....Why you had change ur previous avatar in your profile and what was that.????

Sir, am not so big, right now like as  you may !!!!! But i will say a simple thing,,,,,,Its easy to find a fault in others but people forget to see the faults in himself.

Please pardon me if you dont like!!!!!But thats truth!!!!!!

@ Raj : U said , "I Am regular user of CCI since its inception"... but ur profile is showing u r here from 3rd             Jan 2012.. Hw can it be???  are u lynig here?? or ur a/c had been banned earlier????

Pralay , who you are to ask such question ?

Whether i change my id o i may not us or us ,are to ask this qoestion. Just answer me one question,

This forum is for CMA ? I may suggest there is one exclusive forum CMA informe , better you can be there as well.

Harsh 

You are 100% right . it is simple to find faullt in other.