CMA Profession in India - A Perspective

Abstract

The profession of Cost and Management Accountancy in India is facing today the twin challenges of relevant visibility and its position in the development of the economy. Governance in any aspect of human activities, macro and micro, needs cost perspective and this needs to be effectively appreciated and leveraged to sharpen the tools of management accountancy and the profession based on this. A dynamic program of the professional education, recognised professional competence of cost and management accountants, and continued upgradation of the professionals are the three broad requirements for the development of the Cost and Management Accounting Profession. Paradigm shifts in pedagogy adopted to impart the professional education, a continued link of the professionals with the changing economic environment and a rigorous monitoring of the responses of the profession would enable the profession to gain its position in the economy.