1 / 13

CA vs CMA

CA or CMA. The two best Accountant courses that are available in India. Confused to choose between the two. We at PR Academy, CA & CMA Coaching Institute in Coimbatore, have tried to explain and differentiate the course. Have a look, before you choose any one of them

PRAcademy
Download Presentation

CA vs CMA

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Chartered AccountantvsCost and Management Accountant By PR Academy, Coimbatore CA vs CMA

  2. Titles • Chartered Accountant (CA) • Cost and Management Accountant (CMA) • CA vs CMA

  3. Chartered Accountant

  4. Chartered Accountancy • You must have known already that Chartered Accountancy is the most reputed course in the field of commerce. • ICAI (Institute of Chartered Accountants of India) offers the course in India. • CA is held responsible for managing the company's financial and legal matters. • CA's professional expertise in different fields such as accounting, auditing, taxes, finance and corporate law. • Chartered Accountants in India are allowed to audit an organisation's financial statements.

  5. Cost and Management Accountant

  6. Cost and Management Accountant • CMA is largely Cost Accounting focused. • The main subject of CMA research is financial and funds management. • Their work description is to keep and manage the cost records, goods / services pricing, cost records verification, etc. • CMA has begun to emerge in India, that this is a path to the future. • CMA is the only person allowed to conduct the firm's cost audit.

  7. CA vs CMA

  8. Course Structure Chartered Accountant Cost & Management Accountant CMA course, similar to CA, is also divided into three levels. CMA Foundation, CMA Intermediate and CMA Final. The students are eligible for enrollment in the CMA Foundation course after qualifying for 10 + 2 test. • CA course is divided into three levels. • CA Foundation, CA Intermediate and CA Final along with three years of practical training. • Upon qualifying for the 12th Standard, one may register for his CA Foundation entrance test.

  9. Duration Chartered Accountant Cost & Management Accountant The length of the course at CMA is at least 3-4 years. CMA training is a mandatory part of this course, too. • In the CA Course the cumulative length is a minimum of 4.5 years including 3 years of articleship preparation. • This practical training is also a mandatory part of CA curriculum.

  10. Demand Chartered Accountant Cost & Management Accountant As we have already discussed that every company is not required to get the cost audit done. Companies working on a very large scale are required to appoint the cost auditors. Hence, the demand of CMA is very limited but it is expected that the demand will rise with the passage of time. • Chartered Accountants are extremely experienced in various fields and even enjoy F.S monopoly. • Auditing, thus demand in the corporate world is increasingly growing. • Companies are finding an employee who can perform the various tasks and CA's are considered ideal for this job profile.

  11. Job Profile Chartered Accountant Cost & Management Accountant Cost Accounting Cost Auditing Financial Planning Determine the Prices of Goods and Services. • Statutory Audit. • Internal Audit • Advisor in Direct or Indirect Taxation • Handling Transfer Pricing • Financial and Accounting Management • Investment Decisions • System Audit (after clearing DISA/CISA) • Handling the Companies Legal Matters

  12. Average Salary Chartered Accountant Cost & Management Accountant A CMA's average wage is about 3-4 lakhs, which increases with time and depends on one's skill as well. • An average salary of 6-7 lakhs has been offered to a fresher Chartered Accountant which increases with experience and ability. • Generally 10-12 lakhs are given to the candidates who fell out at the first attempt, • Up to 25 lakhs are given to Rank Holders.

  13. CA vs CMA PR Academy 62/2, 2nd Floor, Rajaji Street, Ram Nagar, Coimbatore - 641009, Tamil Nadu, India. Mobile: +91 97888 71555 +91 97887 71555 Email: info@pracademy.in

More Related