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What is 'C.M.A.'?

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CMA Ashutosh Kumar Gupta (Unit Financial Controller)   (1015 Points)
Replied 05 March 2012

CMA, the designation is assigned to Certified Management Accountant. Its' in real perspective to business profession that CMA designation is regarded as Certified Management Accountant and not as Cost and Management Accountant.

Keeping aside the rift over issue in India about using the term Management Accountant, it is well established globally, specially in advanced countries like UK, USA that CMA designation refers to a wider professional perspective and the term Management Accounting combines financial accounting —reporting financial performance, understanding the framework of financial laws, standards and regulations and providing a compliance perspective—with additional management skills that help drive business decisions, including managing business opportunities, providing a framework of solutions and best practices and guiding strategic decisions.
Management accountants are business professionals at the heart of decision-making, who “connect the dots” and recognise how the different parts of the business need to come together to create value. Management accountants add value by supporting and driving the right decisions in all areas of the organisation to achieve sustainable success for the business. They help their colleagues understand income and costs, and risks and opportunities. Management accountants have an understanding and experience of business that goes well beyond financial accounting. They are trained to monitor and oversee all performance and focus on the organisation’s future prospects and past performance by using a wide range of information. Some management accountants work in the finance department. Many put their broader business training to use across the business, culminating in board roles such as chairman and CEO.

Therefore, the real recognition lies in the concept of management accounting of the designation being CMA...however, in INDIA it is still to travel a long journey till it assumes its real status.

Recently CIMA and IMA jointly launched the new designation CGMA which means Chartered Global Management Accountant and the designation is offered to both AICPA and CMA  in UK and USA subject to T& C laid down...a furthering to the object of professional acumen is regarded in its real business sense and not confining to Financial or Cost Accounting only.

1 Like

Nishant Varshney (Industrial Trainee) (199 Points)
Replied 13 March 2012

thnks  2 all of u

shubho (Professor) (23 Points)
Replied 24 April 2012

CMA in India, Bangladesh and Pakistan stands for "Cost & Management Accountant" and Specilization in Cost and Management Accountancy is the exlusive domain of the Institute of Cost Accountants of India, institute of Cost & Management Accountants of Bagladesh and Pakistan. CMA in USA, and Canda Stands for "Certified Management Accountant" and Society of Certified Management Accountants of Canada and the Institute of Management Accountants of the USA are the certification bodies. Similarly, CMA in Sri Lanka stands for "Certified Management Accountant". The Professional Designations of Cost And Management Accountant in India, Bangladesh, Pakistan, and UK are ACMA/FCMA. In Canada and US, it is simply CMA (Certified Management Accountant) ACMA /FCMA stands for Associate Cost & Management Accountant/Fellow Cost & Management Accountant in India, Bangladesh and Pakistan and it is  Associate Chartered Management Accountant/Fellow Chartered Management Accountant in the UK.

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