Pros and Cons of Pursuing Certified Management US CMA Course Career
What is CMA USA?
Certified
Management Accountant (CMA) is a professional certification
credential in the management accounting and financial management domains. The
certification confirms that the person has been imbibed with knowledge in the
areas of financial planning, analysis, control, decision support, and
professional ethics. IMA’s syllabus for CMA USA infuses the skills required for
person to take on the responsibilities of increasingly strategic roles for a
project or companies from a finance perspective.
The
Institute of Management Accountants (IMA) based in USA was founded in 1919 and
offers the CMA course across the globe. It is a worldwide association of
working accountants and financial professionals. CMA USA training is made
possible in countries like Sweden, Italy, Sudan, Amsterdam, Malaysia, Turkey,
India and many more.
Eligibility
is completion of graduation and two years of work experience in relevant field.
Importance of CMA USA
Thomas
L Friedman wrote in 2005 The World is Flat, which became an International best
seller.
The
book explained the impact of
globalisation and is most relevant in today’s s world and times.
As
evident the pandemic has seen worldwide turbulence and all the countries and
their economies are still grappling with the same.
In
this backdrop, it is imperative that professionals should look towards securing
a global certification like CMA (USA) to equip oneself for the future.
Pros for CMA USA
·
As
CMA (USA) is a global certification it certainly offers a window to the world
as the certification is recognized worldwide
·
The
MNCs are spreading its wings across different countries; the job opportunities
are also borderless
·
Home
countries would also offer multiple openings as the developed countries would
set up offices in emerging economies and thereby CMAs would gain
·
Quality
Standards set up by CMA (USA) would give help establish governance norms
·
Growth
in CMAs career would be resultant due to growth and well being of the
corporates
Cons for US CMA
·
CMA(USA)
would face tough completion from Chartered Accountants(ICAI) which offers a
rigorous Course on similar lines of the CMA(USA)
·
ICAI
provides an exclusive Certification authority of Financial Statements/Tax
Authorities
·
Statutory
Auditors in India have to be qualified Chartered Accountants under ICAI
However,
despite the above, CMA (USA) can still play complementary roles in Management
as Key Management Personnel.
Conclusion:
Today’s
business environment is like sailing in a ship in choppy waters. There are
numerous risk factors-political risks, operations risks and business risks.
In
order that the organisations succeed and perform well, they need to be led by
competent captains who are familiar with the waters, its perils and inclement
weather conditions, so that it not only survive but navigate smoothly with
least turbulence but efficiently as well.
Just
as the competent captains at the seas, US CMA professionals do possess the
competence and capability to lead corporates with requisite skills, domain
expertise and precision.
Author
G.SRIKUMAR,FCA.
INDEPENDENT DIRECTOR
Currently
having a Sole Proprietorship Firm styled as G.SRIKUMAR & Co.
Currently
with JRS & Co, Chartered Accountants, as Director (formerly Partner for 10
years) in charge of the Bangalore Branch. The Firm has 5 offices
(Bangalore/Kochi/Kollam/Trivandrum/Dubai). The Firm offers services of
Accounting/Auditing/CFO Services and Taxation Advisory Services.
Holds
Independent Director Role with TJL Ltd for last two years.
Holds
Governing Council role in an E Education LLP