Gupta , Naam rakhne se koi Raj Kumar Nahi ho Jata hai Sumjhe

Thank you Prabin,

you are welcome , criticims are always welcom. But facts always prevail.

"The central bank governor also had a word of caution for accountants on monopoly in areas like signing financial statements, advising them against perpetuating their monopoly status. Accounting professionals were concerned about expanding career opportunities, owing to the institute's growing membership. The easy way out to expand opportunities would be to agitate for continuation of the monopoly position. However, this would be a mistake, Subbarao said, adding they should identify emerging opportunities and develop skills needed to exploit them."

https://www.business-standard.com/india/news/audited-bank-books-understate-bad-loans-rbi/458841/

See what Indian Warren Buffet has to say...He is a CA incidentally.

https://www.business-standard.com/india/news/jhunjhunwala-not-pleasedindia-incs-financial-reporting/457988/

“I would like them to divide expenses into fixed and variable, rather than (put them under) individual heads like wages, etc. At present, there is no way I can find this from the balance sheet.” Giving a split, according to him, would give a better sense of the margins made by companies.

Prabin .

now whoe is mental case, can you decide?

Truth always win.

If am one what you said , then what about 542 MP?

At congratualtion sir Ji.

Right Anwar Sir ,  I am also ACMA and all the flics of detractors floped . We are Management Accountant . Thanks to Dr. Moiley  Hon minister of MCA. , without adding name to institute he has accorded the status of Management accountant as per international Practice .

ICAI must  admit its   defeat !

Originally posted by : A.N.Raman
	Dear Friends, Let us not forget certain basic facts and argue like politicians. Intellectual approach is the hall mark of professionalism and we have done enough damage by embedding politics into every sacred institution of this country. I am an ACA (rankholder in inter and final), FICWA, also granted membership by ICMA of Srilanka (formed by an Act of parliament), and also granted CPA Australia recently based on contribution to the accountancy profession. Certainly I hold holistic views for the accountancy profession. The global evolution of management accounting institutes had always happened from a background of costing institutes. CIMA has been granted a Royal charter though it started as a non statutory body. Only CMA Canada and IMA America are bodies not formed by Act of Parliament. Bodies like ICMA of Nigeria, Bangladesh, Pakistan and Srilanka were all formed by an Act of Parliament. They were all in the earlier stages called as Cost Accounting institutes. With the advancement of cost accounting into management accounting these bodies have evolved into management accounting institutes. If you consider the debates of the Parliamentarians of Nigeria and Srilanka which happened in the last two years , they have clearly recognised the emergence of Management Accounting as a specialised subject and not a generalist one like the Indian MPs argued . But the Indian MPs have been made to speak as if ICWAI demands reservation of practice area of management accounting. This is ridiculous. Even globally , the title of the accounting qualification does not refer to the jobs they do but the academic qualification they acquire based on the emphasis of the course curriculum. As a member of IFAC PAIB I can state this with certain authenticity.  CIMA does not oppose ICAEW members taking up consultancy jobs on management accounting and for that matter even by company secretaries. But the syllabus of CIMA emphasises management accounting. Look at the structuring of syllabus of CIMA, CMA Canada and ICWAI into various pillars linked with the professed competency framework. ICAI may have in its syllabus Costing and Management Accounting like ICAEW. But the emphasis as the whole world knows in syllabus and training is on compliance related fields such as financial auditing, taxation, accounting and company law. The ICAI has cleverly twisted the whole scenario out of shape as if ICWAI is seeking reservation of practice area of management accounting and the political influence has made the MPs speak like that. This line of argument has deliberately ignored the IFAC view of allowing accountancy bobies to have thier own emphasis in syllabus and the descriptttion and title after a student passes the exam. In the process , other management accounting bodies with similar syllabus can come into the country as Management accounting Institute  and pose a threat to ICWAI(reduced to cost accounting )  which has already happened. ICAI has done this not only to ICWAI but is wary of any competition to its monopoly position and members like us do not realise this. After such a monopolistic behavious it concentrates only on compliance areas in its syllabus and training without driving performance management framework. If we are really serious about national competencies for the global role. We as asensible and intellectual accountants should  allow both bodies to build their strength in respective fields. But this requires intellectual maturity which is overwhelmed by polticial jingoism. A.N.Raman

One simple doubt arises while going through these posts: What is this management accounting?

Is this an independent body of knowledge?
 

Originally posted by : CMA Jyoti Khanna
	ICAI must  admit its   defeat !

which ICAI???

A student or an unknown face behind a student has posed   -  is management accountng an independant body of knowledge ?

Good. Questioning has been the way of updating knowledge from Vedic times. It will discover knowledge and at time add to the domain. I have four questions (may or may not  be answers).

1. What is the difference between an independant body of knowledge and a  specialised body of knowledge ?

2. How do you describe a knowledge called  gynaecology as distinct from general medical field ?

3. Is Management Accounting aligned with Management or Accounting in an intersecting space between Management Accounting ?

4. Does that space in question no 3 expand because of developments in accounting or evolution in Management and who mines and disseminates knowledge n that ?

Regards

A.N.Raman

A student of Cost and Management Accounting

Excellant Shri.A.N.Raman

I would like the student to go to the papers on management accounting of ICAI syllabus to prilimnarily understand the concept of Management accounting disseminated by that Institute.

Often people get confused by the Management Accounting not because it does not have a Knowledge content,nor does not enshrine a body of knowledge/common body of knowledge or specialised body of knowledge , but for consideration other than academics.

Management Accounting primarily addressesanagerial issues that is- how to manage business through numbers such as performance measurement,cost management and  financial management.It travels beyond simple book-keeping , generation of two simplistic statements(P&L A/C and Balance Sheet)that record historical data on transaction basis.

Management Accounting primarily is an evolute of Cost Accounting in current and future perspective and does expand from record keeping to number crunching towards decision support process.

Financial accounts has inherent deficiencies and simply do not address the management needs.It is a record of fait-accompli of transactions executed.

financial accounts could not innovate because the scope and address is limited,whereas the dimension of cost accounting is in the expansive mode,so if somebody says that i am a financial expert he definitely means that he is an expert in management accounting and hence the dimension of cost accounting expertise.

Profit and Loss a/c and balance sheet the world over has been questioned and critiques for its incompetency to address business needs and regulation and reliance  in that field has resulted in scams and failures  the world over.

There is thus a need to understand and join the forces of expertise in Management accounting inorder to help business run in a sustainable way.

R.Veeraraghavan.

A Student of cost and management accounting.

What does management accounting focus on ..

1.Cost.

2.Efficiency.

3.Performance.

4.Quality,environment and social cost.

5.Resource consumption.

6.Recovery,viability and sustainability.

7.Revenue optimisation and allocation of resources towards the area where optimum recovery is.

8.Pricing and regulation impact.

Thus the entire gamut of business is Management Accounting when seen from numbers- Financial Cost Management.

ICWAI had partially won the battle two days ago,but the war really seems to have been won by the mighty ICAI today.

The moral of the story is it is theory to say an ant can kill an elephant.The fact that elephant is enormous and visible makes it known of its existence even it is killed by the extraordinary ANT.

Jai Ho Bharat

Mera Bharat Mahaan.

Mr, Raman,

gynaecology is differnet   from general mediine. In the world , general medicne was discovred , then gynaecolgy. Geeonolgy can not exist if there is no general medicice. Ca are general medicne, they are father or oringinator of cost accounting or managemnet accounting .Simply no  acountant, no cost or managemnet acounants/

your existacne will be lost , if ca or cpa are not there in the world. 

as per my veiw main problem is that Cost Acountant ( Gyenolosits) are not able to earn enough fees, so they want to practice as general physicians or medicices (CAot CPA) , whose market is huge.

we say a geonolosist should be confined it sown domaon. but they sau we committed mistake by specialing in gynology ( Cost accounting) inspeite og general medicine , they are not able to live their livelhood.

Each and every public a lay men simply understand general medicine but not gyenololist. that's why ca ro cpa ha huge glamour, but managemnet accounting is not undestood by public , only top notch corporate undersatnd, which may be required ro an MBA can simply replace it.

The inferior complexity is killing CWA. For CA or CPA , Santosham , Param Shukham, Sir, Balance sheet sign karne main Badda hi Mazza Atta HAin, Kam Chhot  ho ya badda , lekin Param Anand mlta Hian. CA  desire is well difined in th world,,  Hence , they are happy, . CWA desire is unlimited , hence they always cry " The world is not enough " Die another or every day.

This time they have decided to die with CA in India. But for  kind infromation, we are in public not only in India , but across the whole world. Hence public main rahene ka jo Anand milta hai, Woh aur kaha.

See the wordl how CPA re rocking star. 

Mr. Raj Kumar Gupta (So called) , comes out and show your real face.

Some ICAI( Financial) council member writting on fake identity.

CMA. Rakesh Kataria