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CMA (ICWA) Salary in India

The aim of the Institute of Cost Accountants of India is to meet the rising global demand for quality cost management by building on and regulating Cost Accountancy in India. ICWA opens up a world of opportunities for aspirants in fields like management and consultancy.

To Become a professional CMA, you should complete the 3 levels of CMA course.

1. CMA Foundation

2.CMA Intermediate

3.Final

The article here is aimed at providing you with the list of salaries in store for individuals with CMA certification, with variations based on the field of work or industry, work experience, skills and so on. Read this article carefully you will get the complete details of the salary of CA and CMA profession in India.

Eligibility for CMA

Documents need for CMA certification:

Membership of IMA

Two years of relevant experience

Passed both the parts of CMA Exams

A Bachelor’s degree from an accredited university

The candidate can appear for the exam in the following months

January and February

May and June

September and October

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Cost Accountant?

Who is a Cost Accountant?

A Cost Accountant (CMA/ICWA) is a professional accountant by virtue of his/her being a member of the professional body of accountants conducting the cost accountancy course.

Cost Accountants carry on professional practice as Cost Accountants either individually or as a firm (in partnership with other cost accountants). They are mostly found working as employees/consultants in organizations. Some carry on professional practice and work as employees/consultants in organizations.

Functions performed by Cost Accountants only

The law places certain conditions on the performance of certain functions. Where the law requires that a particular function is performed only by a certain professional, it should be so. Such functions are what we call statutory functions.

Under Sec 209(i) (d) of the Companies Act 1956 there are over 40 select industries where maintenance of cost accounting records is statutory. Under Sec 233 – B these records are to be got audited by a qualified cost accountant.

A Cost Accountant is eligible for certification of Import/Export document under Export-Import (EXIM) policy.

A Cost Accountant is eligible for Excise Audit under Sec 14 A and Special Audit regarding CENVAT credit availed under Sec 14AA of the Central Excise Act.

A Cost Accountant is allowed to do a special audit under the Customs Act.

Where the specialized knowledge of the professional would be very much crucial in performing the function, we find that they are performed only by the relevant professionals.

Start Early

Clearing your 10+2 is the basic criteria for making a move towards this particular career path. At this level, you can join the foundation level course. However, you can also get admission to the Interlevel of the course if you have earned your graduate degree or any other equivalent or higher academic qualification.

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