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In this backdrop, it is imperative that professionals should look towards securing a global certification like CMA (USA) to equip oneself for the future.

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Several industries are experiencing an inflow of capital from major MNCs across the globe. This timing is a great one for US CMAs to choose a sector.

To find out why these are the hot pics for CMAs read the full blog here - https://www.mylogicvideos.com/blog/Pro-Tip-on-Sectors-That-Are-Ready-To-Absorb-US-CMAs

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Exciting Job Roles & New Possibilities for a qualified CMA USA

As on date there are about 40,000 active CMAs in the world and there is a pipleline of 80,000.

In the recent years and in view of the globalization of the economy, there is a significant iteration of the fact that a CMA USA is just like having a Passport to the world of finance.

This view has now well understood due to the global impact of the pandemic.

There are new challenges and new opportunities that need to be catered to ensure that industries are well equipped to optimize efficiency and productivity.

New Role for CMAs

The traditional role of CMA USA had the focus on financial accounting and day to day booking of transactions. Though this core activity needs to continue, the focus has gone up the value chain as support for the Business/ Management in decision making and advisory.

Common management decision were CMAs contribute –

Make Vs Buy

In the Auto Industry, for example most of the components were manufactured inhouse earlier.But at present, this is not the case, as it is not viable.

Outsource Vs Insource

In particular, the services like Security/Canteen/Housekeeping which are non-core to the main business are now meaningful to outsource.

Product Mix

It is also prudent to do an analysis of the different products manufactured to determine the high contribution ones. This will enable the company to weed out the ones that not passing the muster.

Diversity in Careers

A CMA USA certainly has several options that may be considered:

Industry

In India, now considered a global hub for manufacturing after the negative sentiments against China, a large number of MNCs are expected to set up base (Ex Apple, Toyota, Sumida)

There is definitely a substantial opportunity for CMAs in the current scenario, as well as new corporates, on condition that the Govt. implements reforms and improves ease of business.

Banking

This segment offers a huge opportunity for CMAs as there is good matching of the skills and training as given, and the expectations from the Industry.

With the backdrop of banking frauds and failure to prevent NPAs in the past,the role of CMAs and other Professionals are critical.

Insurance

With the opening of the Insurance sector in the current Budget from 49% to 74% for FDIs, there is a substantial expectation for new jobs for CMAs.

Overseas

As the “world is flat” and the geographical barriers are broken down, CMAs have more horizons to choose from. The knowledge built-in in CMA USA training would give them a cutting edge to fulfill their responsibilities anywhere in the world.

Professional Standards

CMAs are required to maintain strict Professional Standards as mandated by the regulating body.They are also required to obtain 30 hours of CPEs to keep themselves updated on ever changing statutes.

In summary, the CMAs due to the above facts have the world at their feet and shall command a premium, wherever they engage themselves in India or globally.

Abraham Lincoln once said give me six hours to chop a tree and I will spend the first four hours to sharpen the axe.

Now is the time to sharpen the axe to reap rich dividends for would-be finance professionals.

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.

Source

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MyLogic is a premier online learning platform. Call us at 9538803042/9738013042 for more details.

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FRM Online Classes - Oct 26th

FRM online classes by MyLogicVideos offers a bunch of advantages to the students. Most of all the mentoring sessions with academic experts and coaches with industry experience will help students not only ace their exams but also excel in their career.

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It is essential to know how to harness your full potential and use CPA training to your full advantage. This article gives you few tips and tricks to follow to make the most of your prep time. Read Full Article Here - https://mylogicvideos.wordpress.com/

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Ever wondered what life would be like as a CPA professional?

This article gives you a sneak peek into what to expect as a certified CPA professional.

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CMA USA exams takers.. Capitalize this opportunity of revising with perfect resource at just 4999/- from LOGIC 

Wishing you a successful CMA journey

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Acquire the Qualities of a Successful Financial Risk Manager only from the best FRM Training in India

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CFA is an amazing opportunity to catapult yourself in your career. The article lists few of the many reasons to pursue CFA.

Read Full Article Here

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*Success Stories* Sai Akhil G followed the unconventional path and persued CMA USA ahead of many other finance professional courses . Presently , Akhil is Senior Business Analyst in a leading investment banking company from US . Listen to Akhil’s Success Journey . Mylogicvideos.com, premier platform for leading finance professional courses like CMA USA , CPA USA , ACCA, CIMA, CFA , FRM , CA and IFRS

 #cmausa #cma #successstories #onlinelearning #cmausaonlineclasses #onlinetraining

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Steps to enroll for CPA Online Classes with MyLogicVideos.

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Are you confused about pursuing CFA or enrolling for CFA Training or CFA online classes. Here is a list of reasons why you should consider CFA USA certification as major career move.   

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FRM Exam and Course Details

FRM course is split into FRM Part 1 and FRM Part2. Here are few details about the exam and the subjects for each part.

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Why is accounting so well placed to support organisations and society in achieving long term sustainability and prosperity

At a time where the dynamic forces of change are demanding a rethink of what it means to be sustainable, with society calling for greater trust in organisations, we ask and provide ACCA’s view to the question  ‘what is the purpose of the accountancy profession’?  We explore what it means to be a sustainable organisation and how the dynamic forces of change are impacting this, before considering the role of the profession and why it is so well-placed to support organisations and society in being sustainable and prosperous for the long-term.

The dynamic forces of change and sustainability

To be sustainable, organisations need to proactively and positively navigate the dynamic forces of change. Changes like the rapid advancement of technology are revolutionising business and finance capability, enabling enhanced data insight and driving new opportunity and business models. Social and environmental concerns like renewed efforts to achieve the Sustainable Development Goals, require organisations to think and behave very differently. Global systemic shocks and geopolitical events, such as COVID-19 and Brexit respectively, challenge all of us to act swiftly, but consistently to mitigate risk. Demographic and regulatory changes are further fuelling the need for careful transformation so that organisations can create, protect and communicate value beyond its financial capital meaning.

Today’s society demands inclusivity and accountability. It seeks trust and confidence in organisations, and assurance that their activities are for the greater long-term good of society, not just focused on generating short term profits for organisation investors.

The purpose of the accountancy profession

Across almost every aspect of business, professional accountants have been central to helping organisations navigate everything from challenging and competitive operating environments, to ethically creating and sustaining value streams. Equally, the profession has deployed its fundamental stewardship responsibilities to protect the value created and manage risk, and to communicate organisational action and performance in a transparent, reliable and responsible way. This enabling stakeholders to make much better informed judgements. The profession has been at the heart of driving greater corporate accountability and responsibility, building stakeholder trust in organisations and those who lead them.

In this report, we explore the profession’s role in facing these dynamic forces and recognise the importance of its public interest work to build and sustain the broader business and finance environment through examples like standard setting, regulation and building capacity.

Why the accountancy profession

Focused on public interest, and backed by ethics, business and finance expertise developed through lifelong learning and connectivity of the profession’s networks, professional accountants are central to creating, protecting and communicating value for organisations and society. The profession can be that source of trust society is calling for.

Individually, these features may not be unique to the profession, but taken together they build a convincing case for why the accountancy profession is well placed to perform a central role in building and sustaining value.  These are:

Ethics to do the right thing and act in the public interest.

Expertise that is current and relevant when providing ‘know-how’ to proactively respond to the dynamic forces of change.

Connectivity that cements expertise, to influence and implement the required organisation transformation.

Courtesy : ACCAGLOBAL.COM  

Mylogicvideos is a partner of ExP group is a platinum partner of ACCA . Mylogicvideos provides training for ACCA program in Bangalore and across India through online ,physical and Self Learning Platforms . Mylogicvideos.com is one of the best ACCA providers in the globe .

Source - https://www.mylogicvideos.com/blog/Why-is-accounting-so-well-placed-to-support-organisations-and-society-in-achieving-long-term-sustainability-and-prosperity

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Dear Professional Aspirant ,

Greetings from mylogicvideos.com. Trust you and family are safe and sound.

While the pandemic is creating havoc across the globe, unemployment possibilities, layoffs, and the overall industrial turbulence are expected to follow as the aftermath of this catastrophe. In this context, it is important to secure your professional career. Being able to achieve the Certified Management Accountant (CMA),USA qualification in a very short period of time i.e within 8 months is one way to be proactive in this situation . More details please feel free to contact +91-9845723042

For more details please visit https://www.mylogicvideos.com/CMA-USA

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Check out our article on the importance of FRM in present times, posted on TaxGuru