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Cost Accountant {CMA}:

Cost accountants are professionals who provide their services for calculation of cost and other financial terms which are required by huge industries. They calculate expense, profits and perform various audits for correct product pricing. They have other certification rights also beside cost audits.

Pay Package: 5 lacs to 10 lacs & increasing.

Admission Procedure: Any Student from Std XII Science or Commerce can go for the course.

After Std XII there will be three stages, Foundation, Intermediate, Final, and a training period. After clearing all three stages student will become a professional and will get a membership from the CMA Institute.
Another way is by clearing graduation or CA (Chartered Accountant) intermediate exams, he will be able to get admission in second stage i.e intermediate stage and after clearing Final exams he will become a Cost Accountant.

Work of Cost Accountant:
They conduct cost audits by collecting financial information of the Company. Their work is to see that product costing is made properly & efficiently and there are no frauds in pricing. They also calculate the effective and analyze the surplus cost which the company should prevent. They are concise keepers of books of accounts and prepare various cost reports as they are provided such rights by the statutory bodies.

They also advise companies of how economic benefits can be achieved by analyzing costs and implications of different production methods.

They also act as Tax Consultants, advisors in Company law matters, prepare project reports, work for approving loans and act mainly as cost auditors of the Company.

 Employment Opportunities:

Company Law has provided certification rights to Cost Accountants, they can set up their own independent practice. They have rights to appear before competition commission, TRAI, IRDA, Income tax authorities, Excise & custom departments, and various other regulatory bodies. They are appointed as cost auditors by the companies as prescribed by law.

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Want create site? Find Free WordPress Themes and plugins.
Cost Accountant {CMA}:

Cost accountants are professionals who provide their services for calculation of cost and other financial terms which are required by huge industries. They calculate expense, profits and perform various audits for correct product pricing. They have other certification rights also beside cost audits.

Pay Package: 5 lacs to 10 lacs & increasing.

Admission Procedure: Any Student from Std XII Science or Commerce can go for the course.

After Std XII there will be three stages, Foundation, Intermediate, Final, and a training period. After clearing all three stages student will become a professional and will get a membership from the CMA Institute.
Another way is by clearing graduation or CA (Chartered Accountant) intermediate exams, he will be able to get admission in second stage i.e intermediate stage and after clearing Final exams he will become a Cost Accountant.

Work of Cost Accountant:
They conduct cost audits by collecting financial information of the Company. Their work is to see that product costing is made properly & efficiently and there are no frauds in pricing. They also calculate the effective and analyze the surplus cost which the company should prevent. They are concise keepers of books of accounts and prepare various cost reports as they are provided such rights by the statutory bodies.

They also advise companies of how economic benefits can be achieved by analyzing costs and implications of different production methods.

They also act as Tax Consultants, advisors in Company law matters, prepare project reports, work for approving loans and act mainly as cost auditors of the Company.

 Employment Opportunities:

Company Law has provided certification rights to Cost Accountants, they can set up their own independent practice. They have rights to appear before competition commission, TRAI, IRDA, Income tax authorities, Excise & custom departments, and various other regulatory bodies. They are appointed as cost auditors by the companies as prescribed by law.

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