This is statement given by renowned CMA ,Mr.R veeraghavn, on the leading forum of ICWA, CMA .
The term Management Accounting was possibly founded or coined by CIMA as a business strategy when its nomenclature got changed from ICWA London to ICMA London.
Today the profession is in the verge of extinction thanks to Compliance professionals.
The age of falsity is once again emphasised and established,The checkers have risen to prominence than the makers.
IFAC had a committe on management accounting for quite long and disbanded it / say rebranded it to accomodate CA/CPA into that fold and the new name PAIB was given to it.
The profession of audit and accounting have different focus yet the strong CA/CPA brand moved ahead of CMA.The reason the checkers were closer to Boards and power centres than the employees in the echelons and that leverage was continuously exploited.
The death knell of Management Accounting has already begun since 2002 and even before ICWAI could ever change its name to ICMA of India.
CA/CPA will continue to mix roles and try to occupy every space in the accounting and finance world due to sheer numbers and the closeness and affinity to centres of power.The world always recognises and establishes and enjoys falsity!!
True value of accounting and accountability matures with good costing and evolving management accounting Art.The specialisation in the area can emerge only with the willingness of the stakeholders and recognition to a set of professionals .
Vision and mission documents may be written and re-written but the space not established in the society cannot be aspired for long.
Every aspirant to the management accounting has to reorient this reality(falsity) and move ahead with the choices available.
CIMA has good business in India and evangilises its credentials among the accounting and MBA fraternity.We boast of a rigour not experienced in other parts of the world like CPA australia and USA(open book).But do we market ourself???
While MA fails in the entire world ICWAI is trying to limp for survival with persons in the leadership position trying to convince themself that ...they are leaders!!afterall.
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