Huge demand for cost accountants

Page no : 3

(Guest)

Hello CCI members, Myself Arjun, am doing CA,CWA,CS.I came to know about CCI through one of my friend. I found CCI very useful and informative but onething i couldnot understand why the name is CACLUBINDIA when it is actually meant for all finance professionals and tax payers. After going through the TOP 30 members list, i came to know that all the three professionals are contributing articles and sharing knowledge in fact CMA's and CS members are contributing more then the CA members. Ranking Name Occupation Points 1 Ankur Garg Company Secretary and Compliance Officer 59463 2 CMA. Sanjay Gupta "PROUD TO BE AN INDIAN" 43188 My intention is not to create conflict among three professionals but only the curiosity to know why the name is CACLUBINDIA. I feel the name should be suitably changed to show that it is meant for all finance professionals. Possible suggestion for new name, 1. CMS Club India {C- chartered, M- Management(CWA), S- secretary(CS)}..but shortform remains the same i.e.CCI 2. FinPro Zone...where FinPro stands for Finance Professionals.

(Guest)

Originally posted by : CMA. Pralay Chakraborty
	@ 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????

yes...i have seen his account was banned earlier . i dont know may be because of his too much professional interaction....wid other cci members..

(Guest)

Harsh,

You can simply understand that any members(Fake or gunuine) going abusing against CA/ICAI,thy are CWA/CWA students. All this happen after name change issue. Even see there is one separate cma Club ,that has not gained fame like CA club ,hence they are not interested to go there rather merging /aasuming themeselves as CA /CA studnets. You are always positive side here, but they are considering name change of club. just understand level of their self respect with being here under fighting withCA/ICAI.

There is always debate or disccusussion but not going personal. Be calm ,be positve. This forum is for all finance professional not only for CA , Some CWA may feeling uncomfortable with its name. See its owner has got patented its name as CA club.

1 Like

(Guest)

Harsh,

See the attitude , They are not going to promote CMA Club but they may want CA club already got its fame , be converted as CMA club. Some times i visited there you rarley find members there. Some 15 same members are dabating ,but debate is always one sided.They promote as ICWA/CWA is great , and if you want to see how some of them are abusing against CA/ICAI, just see once cma club. But here we are listening for and against not only for CA , but also for CWA/CS/MBA. This is good. you feel happy to be part of such family.

CMA. Rakesh Kataria (Practising Cost Accountant) (531 Points)
Replied 10 January 2012

I think this CA Club is one of the best site in India, members of all three institutes are shiring their knowledge on the same and memebrs and students of all three institutes are getting benifited. It is the platform where we can increase understanding between members of all three instutes.

harsh (nothing) (86 Points)
Replied 10 January 2012

Originally posted by : CMA. Rakesh Kataria
	I think this CA Club is one of the best site in India, members of all three institutes are shiring their knowledge on the same and memebrs and students of all three institutes are getting benifited. It is the platform where we can increase understanding between members of all three instutes.

AGREED SIR!!!!!

(Guest)

Dear Rakesh Sir,

I am greed with you 100%.

(Guest)

Originally posted by : Raj Kumar Gupta
	Harsh, See the attitude , They are not going to promote CMA Club but they may want CA club already got its fame , be converted as CMA club. Some times i visited there you rarley find members there. Some 15 same members are dabating ,but debate is always one sided.They promote as ICWA/CWA is great , and if you want to see how some of them are abusing against CA/ICAI, just see once cma club. But here we are listening for and against not only for CA , but also for CWA/CS/MBA. This is good. you feel happy to be part of such family.

@ Mr.D.K.Bose

Pleases Dont compare CMA club and CA club.

(Guest)

Originally posted by : Raj Kumar Gupta
	Harsh, See the attitude , They are not going to promote CMA Club but they may want CA club already got its fame , be converted as CMA club. Some times i visited there you rarley find members there. Some 15 same members are dabating ,but debate is always one sided.They promote as ICWA/CWA is great , and if you want to see how some of them are abusing against CA/ICAI, just see once cma club. But here we are listening for and against not only for CA , but also for CWA/CS/MBA. This is good. you feel happy to be part of such family.

@ Mr.D.K.Bose

Pleases Dont compare CMA club and CA club.

michaelK (NA) (46 Points)
Replied 10 January 2012

i just wanted thans to you that atleast you had shared some thing wih us...and yes i do agree that we can get more than that

Originally posted by : ACMA-ICAI

ICWA alone is enough to earn huge money. see recently published naukri advertisement.

C E O - for a Real estate Co. [ MBA - Finance/ ICWA ]
1 Opening(s)
People Plus Management Services, hiring for A real estate co.in Mumbai

==========================

Experience:
15 - 20 Years
Location:
Mumbai
Compensation:
Rupees 50,00,000 & above
60 to 95 lakhs p.a. + Co. car & driver. +performance incentive
Education:
UG - Any Graduate - Any Specialization
PG - ICWA,MBA/PGDM - Finance

Industry Type:
Real Estate/Property

Role:
CEO/MD/Director

Functional Area:
Top Management

Posted Date:
12 Sep

Job Descriptttion
Exp. in fund raising, finance management, land acquisition & legal kjnowledge in these activities. MBA- Finance/ ICWA with exp. at top management level in Real State Co.'s / in Broking Division of International Projects Consulting Co.'s are ideal.

Keywords: Director,Chief Executive Officer, CEO, Vice president, . VP, Sr. GM - exp. in real estate Co/ Broking division of International Project co.s in Finance. funding, land purchasing, & related Laws..

Desired Candidate Profile
Finance exp. alone will not do.Candidates in real estate Co.'s./ in International Projects Consulting Companies' real estate Broking Divisions at Sr. Mgmt. level experience in Fund raising, Finance management, land acquisition & related laws.

Company Profile
A medium size reale state co.in the group of welle stablished 25 yr old realestate co. in Mumbai.

Contact Details
Company Name:
People Plus Management Services
Website:
Not Mentioned
Executive Name:
Radhakrishna R Molasi - CEO
Address:
Not Mentioned
Email Address:
rmolasi @ gmail.com
Telephone:
9820388483
Reference ID:
CEO -120911

CMA. Rakesh Kataria (Practising Cost Accountant) (531 Points)
Replied 10 January 2012

HR department is now very strong in the organizations. All the posts and qualifications required are carefully studied by the HR department with the help of department needed the person. and after several interviews person will be selected.

Now it is time of specialization. 20 years back when CA’s was not available for jobs that time CWA’s were recruited for the post of accounts and finance. Now CA’s are in excess supply so industry will prefer fresh CA instead of fresh CWA.

At the same time if industry needs Cost and Management Accountant than companies certainly hire CWA’s as now CWA’s are also easily available. 20 years back 90% CWA’s were working in public sector so that time it was difficult to find CWA’s for provide sector. Now these days due to high level of completion, Product development and Cost reduction is the more focus area of companies, so demand of Cost and Management Accountants are also high.

Some of the areas in finance where industry hires MBA (Finance) as MBA are more suitable for that post.

If you have multiple qualification than also you need to find area where you can comfortably work. Also one important thing Consistency and hard work is required for success in that area. Your additional qualification will only help you in enhancing yourself respect but will not help you to develop your carrier. For developing carrier you need to focus on your work,

(Guest)

She is alumni of Asia 's 3rd B school 's in India ,Jamnalal,Mumbai ,She shares her experiences of CA ( Cost accounatacny)

Chanda Kochhar: It's fashionable to change jobs every 3 years

Last updated on: January 11, 2012 08:09 IST

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Chanda Kochhar, MD and CEO of ICICI Bank talks about the education system in India and offers advise on how parents can help in the decision making process of a child's career.

As the Managing Director and Chief Executive Officer of ICICI Bank, Chanda Kochhar needs no introduction.

Her views on education, choosing a career and growing in it, and India's job market vis-a-vis the modern economy are something that not many people are familiar with.

She spoke to Maheshwar Peri in a candid tete-a-tete

Tell us something about your childhood.

I come from a very education-oriented family.

My father was the principal of Malaviya Regional Engineering College at Jaipur, it is now called Malaviya National Institute of Technology.

I think the basic thing in him was that children must be able to get good education whatever be their circumstances. The choice of career was up to us but whatever we would decide to do we should do well in that. I was still in school in Jaipur when my father expired, leaving behind my mother and three children.

That's when my mother decided to shift to Bombay, where I would complete the rest of my education.

What made you study cost accountancy at Institute of Cost and Works Accountants of India (ICWAI)?

I had planned to do an MBA after finishing graduation.

While I was doing my graduation I realised I had too much time at hand.

So instead of hanging around in college I thought I should do cost accountancy. That's how I came to enroll at ICWAI.

You did acquire an MBA afterwards. Right?

Yes, as I had planned.

(Guest)

Mr, Pralay

What you claimed regarding M/s Chanda Kochar , she contradicts your views, who rules the corporates.

Dear , i never said CA or CMA rules the Corporates , Mr Rakesh is right , it is personal hard work and determination lead him/her success in life.

IF i have done any things wrong by sharing this interviews with you members, then please appolize bu this is just sharing of information.

CMA. Rakesh Kataria (Practising Cost Accountant) (531 Points)
Replied 11 January 2012

CMA & CA community should proud that she is also from one of the our institutes.

ACMA-ICAI (DGM-Global Voice Business) (1052 Points)
Replied 11 January 2012

DR A P J Abdul Kalam about ICWA profession

Status of Accounting by ICWAI
During the last four decades role of CMAs has undergone a change under new economic environment. Initially it was the role for price determination, i.e. "cost" plus profit = selling price, which has completely changed to manage your costs in such a fashion that you earn profit, hence "selling price less margin" = "cost". In additional to the traditional techniques used by CMAs such as Standard costing, Marginal costing, Uniform Costing and so on, new techniques coping up with the modern technology have been evolved. The concepts now widely used are life Cycle Costing, Kaizen Costing and value engineering.

Dr A P J Abdul Kalam on Cost Audit

Contribution to Industry
My study of the development and spread of Cost Audit in India indicates that only 2000 odd companies covering 44 Industries are covered under Cost Audit in the last 43 years. If we have to succeed in the globalized world, we have to enlarge the scope of Cost Audit to cover all aspects of manufacturing and service sector activities including healthcare and education. In the golden jubilee year, I have the following suggestions for ICWAI: (a) Preparing a case for bringing all institutions having a turnover of over rupees 200 crore within the purview of cost audit. (b) Creating a campaign of special cost audit for export oriented manufacturing and service industries, so that the cost of the products are reduced at least by 10% to make them competitive during the global recession phase. (c) Creating a team of specialists who can work on cost audit with quality improvement and lifecycle costing to make our infrastructure projects like roads, bridges, ports, metros, highly cost effective, so that India can develop rural and urban infrastructure at a fast pace and reduced cost. (d) Working out a costing system for agricultural produce and agro-processed food, so that economics and productivity are transformed into higher revenues for our farmers through farmer cooperatives leading to inclusive growth.