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mylogic-videos-blog · 5 years ago

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Can CMA USA professionals get jobs in India?

CMA (Certified Management Accountant) is an international and prominent management accounting certification offered by the Institute of Management Accountants (IMA) US. It is a benchmark for management accountants and financial professionals globally. A USA Certified Management Accountant would get knowledge on UGAAP, Financial planning -reporting and Financial decision making hence they would be able to get exposure in core fields of Finance. Basic functions and roles that a

CMA USA has to acquire in an organisation are to manage the process for 'optimum utilization of scarce resources and 'Funds' of the business.They are expected to Implement cost-effective business process and actively participate in strategic decision making.

CMA USA has immense job openings in India like those listed below and a lot of additional roles related to Finance.:

Financial Controller

Tax analyst and consultants

Research analyst

Cost Accountant,

Legal Advisor

Finance Manager

Cost Auditor

Financial managers

Certified Management Accountant is in enormous demand in divisions like Banking & Finance, Government/ Public Undertakings and Private sector. CMAs are also needed in some of the large companies for management positions like Financial controllers, Budget Analysts, Chief financial controller and many other high levelled jobs.Again multinational companies registered with the SEC in the USA, CMAs are well qualified in USGAAP to prefer to hire US CMAs for the job. As India is a key player in Business Process Outsourcing, a majority of the outsourced financial work in India comes from countries like US and UK, most American entities that follow USGAAP, create tremendous job opportunities for US CMAs in the BPO sector of India. Another major source of employment for CMAs employment directly with USA companies that have branches in India.

Please note

that If one passes CMA exams from anywhere outside India, one will get a dual certification of CMA, US + CMA, India. On the contrary, Doing CMA in India is also possible and it helps in multiple ways to improve your financial skills & management qualities, but it will be considered as an Indian Certification which is not accepted outside India. whereas CMA (US) claims to be globally certified. The USA CMA certifications focus mainly on cost reduction & auditing whereas, Indian Certified Management Accountant works mainly on Cost controlling. The Institute of Cost Accountants of India or formerly ICWAI has signed an MoU with IMA to provide membership and to recognize

CMA (USA)

From Compensation perspective, considering the various job openings for CMA( USA) listed above, the average annual salary starts anywhere from 4/5 lakhs for cost analyst job to 40/ 50 lakhs for A CFO of a company. However, the number of trials in which an aspirant clears the exam defines the average salary they may fetch. For instance, one who clears the exam in the first attempt can get a better salary to say around 8-10 lakhs when compared with those who clear the exam in the second or the third attempt fetching a low up to 3-4 lakhs

#cma usa

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mylogic-videos-blog · 5 years ago

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Essay questions are a stress point for many students when they decide to crack the Certified Management Accountancy examination, USA. Since the CMA exam grading system contains Multiple choice questions or MCQs 75% and Essays 25% , it calls for one to be equally proficient in both the areas. The main reason behind say section stress is the fear of the unknown and of course the understanding that it is quite a daunting procedure to crack it successfully. MCQs are mechanically or computer graded. The essay sections are graded by trained and qualified knowledge experts. Graders use an approved scoring rubric so that the grading is objective and consistent.

Essay section of CMA USA examination focuses on testing students –

Examination content knowledge Proficiency in content required to be prepared for

CMA USA

is essential for both Multiple choice part and essay questions. Students should consider reading relevant resources, watching video tutorials or lectures and additionally spend sufficient time in answering practical questions with essays in the form of mock or practice tests. Mocks or practice questions help students apply theory and concepts they have learned. Answering and practicing is more than just memorizing facts, hence it’s vital to learn up the material in such a way so that when you are asked to apply in practical scenarios ,you are capable of doing so. Choose any reputed and reliable mock test or practice test provider and start your scheduled practices in a disciplined manner. Some platforms also provide students a simulated exam environment on their computer which helps them familiarize with exam patterns firsthand.

Student’s ability and skill to apply theoretical concepts in practical and real business scenariosLearning and knowing theoretical concepts does not give enough proof about your application ability. Essay questions however test the way of concepts applications from the practical work force perspective. From the application level when you dig deep into essay questions you should –

Read! Read! & Read ! CAREFULLY to understand what the examiners are expecting.

Identify and link back to major concepts being tested in your mind.

Keep a track by identifying keywords which can make your response to the point. It is a good idea to brainstorm and note as many relevant keywords smartly. Further use the keywords noted and include them correctly in your solution.

It also aims to test how clear and logical are student’s writing skills.

CMA USA

examinations do not test your technical writing abilities. So, it’s smart to focus on simple and clear writing styles. Do not pile up your writing with unnecessary vocabulary. Instead choose a logical path because CMA is looking for clear expressions in terms of essay question solutions. Choose to –

Write correct spellings, proper pronunciation.

Always choose clarity and double check your solution.

Organize effectively in terms of beginning paragraph, middle paragraph and ending paragraph.

The key is to plan and develop actionable strategies to gain the maximum possible benefit of smart techniques. The following best strategies will assist you deal with your anxiety and of course crack what you wish to-

You need to stay absolutely calm and positive. If you get afraid , you would lose out on maximum advantages and take the risk of becoming too nervous to perform in this section.

The key is to gain points wherever possible. So, one such area is showing your assumptions and working notes on-the-go. You have the advantage of earning partial credits in the CMA USA examination for work and assumptions.

You can expect 3-6 questions for each essay scenario given to you.

It’s really important to keep a track of the time you will require for responses. You have the option of scrolling between questions and scenarios within the essay section so that you are able to relate well. It also helps you assess how much time you would need for responses.

Always and only do what is asked for in the question and avoid deviating from providing extra information. Be to the point.

You need to be very focused. Pay close attention to verbs. For example, if the question or essay says – compare or contrast etc.

Do not spend too much time defining something.

Always make it a priority to read the entire question to understand it deeply and cater to what’s required.

Stick to using standard English language.

Stay well organized and deliver clarity in your solutions.

Examiners are inclined towards effective writing. So, make it a point to deliver the same.

You may also choose to use bullet points to keep your solutions short and precise.

Try avoiding leaving your questions blank. Always strive to at least deliver a rough outline or structure of your main points if you run short on time.

Prioritize to show your work because it’s a good space for graders to distribute your grades there. Never take that power away from yourself ,utilize it well.

Use up all the resources available to you specially – TIME. Plan and structure your delivery according to your time frame.

#cmausa

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