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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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Wishing you a successful CMA journey

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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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Join MyLogicVideos to grow from strength to strength in your career!

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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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Certified Management Accountant — USA Coaching & Certification

CMA is a respected certification that can enhance your career and status.

 CMA USA Coaching in Bangalore with MyLogicVideos will enable you to advance your skills in making decisions, financial analysis, planning, budgeting and many more. The knowledge and practice you gain while pursuing this qualification will not only help you in the current field of work but also in various different industries and segments.

Read the full article here 

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