What is the scope of CMA?

US CMAs are considered highly desirable for FP&A job roles (financial reporting, financial planning, financial analysis and financial decision making). The US CMA curriculum also focuses on developing and testing skills required to perform the aforementioned jobs. Many American CFOs choose to be US CMAs themselves and prefer to hire US CMAs in their teams. CMAs expertise in USGAAP and understand its distinctions from IFRS. In most cases, multinational companies registered with the SEC in USA have to provide audited annual financial statements per USGAAP. These financial statements are prepared by the internal finance team of the company. Since CMAs are well qualified in USGAAP and understand the SEC reporting requirements well, companies preparing their financial statements using USGAAP prefer to hire US CMAs for the job. India is a hot B.Ed of and key player in Business Process Outsourcing. A majority of the outsourced financial work in India comes from the USA and UK, since NYSE (New York Stock Exchange) and LSE (London Stock Exchange) represent the world's the largest financial markets. As most major brands are American entities that follow USGAAP, this creates tremendous job opportunities for US CMAs in India (in the BPO sector). Another major source of employment for CMAs are FP&A jobs directly with American companies that have branches in India, but prepare financial statements using USGAAP, at the parent level. The average salary package for a fresher CMA with no experience ranges from INR 4.5-6 Lacs p. a. Of course, with experience the salary increases and depending upon the role, compensations will vary. Overall, jobs of US CMA in India pay comparably and sometimes even better than traditional Indian finance qualifications such as ICWA.

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CMA India | Opportunities for CMA students in India Opportunities for CMA students in India are available across all areas of an organisation in decision support, planning, and control functions. The CMA job profiles that are widely known are- CFO, CTO, Treasurer, VP (Finance), Controller, Finance Manager, Internal Auditor, Budget Analyst, Financial Analyst, Corporate or division planner, Senior Accountant, Cost Accountant, Staff Accountant. These fortune 500 companies are known to have CMAs in their key management roles: 3M Alcoa AT&T Bank of America Boeing Cargill Caterpillar ConAgra Hewlett-Packard Johnson & Johnson Microsoft Procter & Gamble KeyCorp Whirlpool Saudi Aramco Verizon Xerox Here is a list of opportunities for CMA students in India: CMA India Profiles | Entry Level: Common profiles for CMA: Staff accountant, cost accountant, junior internal auditor Education & Skills: Bachelor degree in finance or accounting Common CMA Job Profiles: The person would work under a senior accountant or manager Would be employed in the budget department Would be involved in preparing reports for the controllers department CMA India Profiles | Mid-Level: Common profiles for CMA: Accounting manager or senior accountant, senior internal auditor.

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Completing the CFA Program exams can take as little as 18 months, but on average, it takes about four years to earn a CFA charter. 1. Eligibility- Have a Bachelor's (or equivalent) degree or be in the final year of your Bachelor's degree program at the time of registration or have four years of professional work experience (does not have to be investment related) 2. Curriculum- Ethical and Professional Standards, Investment Tools, Asset Valuation, Portfolio Management &amp; Wealth Planning. 3. The openings available to CFA degree holders are in Banking, Insurance, Corporate Sectors and Finance, Leasing Companies. Even organisations like Railways, Reserve Bank of India and Financial Institutions like ICICI, IDBI, IFCI and UTI have given due recognition to the CFA program. 4. CFA Program is a self-study course that tests your knowledge in different areas- Level I is about learning investment applications. Level II is about applying them. Level III focuses on using different applications for defining investment strategy and performing portfolio management. You need to register yourself with C.F.A US. For more details, visit <a rel="nofollow" target="_blank" href="http://www.cfainstitute.org" style='word-wrap:break-word;'>http://www.cfainstitute.org</a> *The title Certified Management Accountant is used by various professional bodies around the world to designate their different professional certifications. Eligibility- Graduates with Degrees accredited by CIMA The CIMA course is equivalent to ICWA but it is not recognised by the public sector in India though it is valid internationally. Graduates opting for professional accountancy careers can train in public practice, offering audit and business advice services (including tax advice) to clients. There are also numerous opportunities to train within the industry and commerce, normally through CIMA. A professional qualification from CIMA is one of the best options for a career in International business. Openings are available in sectors like Accounting, Banking, Education &amp; Teaching, Finance. One can begin with a salary package ranging from 5 to 10 lac per annum. Also refer the links below- <a href="https://www.shiksha.com/getArticleDetail/1028/All-About-The-Cfa-Program" style='word-wrap:break-word;'>https://www.shiksha.com/getArticleDetail/1028/All-About-The-Cfa-Program</a> <a href="https://www.shiksha.com/getArticleDetail/1651/Cima-Gives-You-A-Global-Qualification" style='word-wrap:break-word;'>https://www.shiksha.com/getArticleDetail/1651/Cima-Gives-You-A-Global-Qualification</a> <a href="https://www.shiksha.com/5-reasons-why-choose-cima-article-5982-1" style='word-wrap:break-word;'>https://www.shiksha.com/5-reasons-why-choose-cima-article-5982-1</a>

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