Why cma is under valued?



(Guest)

When talking about finance profession in India, Chartered Accountant seems to be most preferred person unless we consider an IIM dude. But there is one more course in accounting and finance and that is Cost and management accountant. A close look at the course structure and syllabus of CMA shows that it is not less than CA in any manner. Infact, it gives you something more into finance and a CMA can handle the finance function better than CA. But seeing the Industry acceptance it seems it is under valued? Please share your views on the same.
 
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CA Final

I do agree cma is undervalued....dey r no less than ca....infact der financial mgmt n mngmnt accounting sylllbs is bit tougher...they study costing in depth...it appears that they hv better subj knowledge wen it comes to these 3 sub...they hv same potential to manage finances....cannot declare they r better than ca
 
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initially CMA don't have practical training. But CA having mandatory 3 years training.

Thats the reason CMA undervalued.

 
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(Guest)

CMA too have industrial training

 
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Dy.Manager (Finance)

Worldwide Cost and Management Accountancy is the most preferred accountancy qualification. example CIMA, but In India Financial Accountant in more preferable than Management Accountant.

 
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Finance Enthusiast

Originally posted by : Member (Account Deleted)
When talking about finance profession in India, Chartered Accountant seems to be most preferred person unless we consider an IIM dude. But there is one more course in accounting and finance and that is Cost and management accountant. A close look at the course structure and syllabus of CMA shows that it is not less than CA in any manner. Infact, it gives you something more into finance and a CMA can handle the finance function better than CA. But seeing the Industry acceptance it seems it is under valued?
Please share your views on the same.

An institute should also market itself. ICAI is really good in marketing itself and you hear the word CA from your collegues and friends more than the word CMA. CA is said to open more gates than CMA and hence the most preferred choice.

 
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Icwa is yes much  better Than ca.many cfos are qualified cost accountants in india and abroad and many organisations prefer icwa over ca. 

 
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Cma is not undervalued rather ca in undervalued.ICWA is always the best and preferred choice. Industry acceptance of icwa is much more than ca.To be Associate member of the institute you need 3 years of experience and out of that two years must be responsible experience in finance unlike training experience of no value in Ca.
 
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Head Accounts & Finance

Ultimately your knowledge, skills are to be paid for, so do what u like & love and in which your skills grow, u grow too.

 
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