Josgiri School of Management is one of the units of Josgiri Education Pvt. Ltd. The Josgiri School of Management is a leading institution that offers management education and training programs for individuals who want to develop their management skills and advance their careers.
Our programs focus on providing students with a comprehensive understanding of business management principles, practices, and techniques.
The school’s curriculum includes courses in:
1. Business administration: Covering topics like CMA USA, CMA India, ACCA, finance, marketing, human resources, and operations management.
2. Leadership and management: Developing leadership and management skills, including strategic planning, decision-making, and communication.
3. Entrepreneurship: Encouraging entrepreneurship and innovation, including business planning, funding, and launch.
CMA USA
CMA USA stands for Certified Management Accountant (USA). It’s a professional certification offered by the Institute of Management Accountants (IMA), a US-based organization.
The CMA USA certification is designed to validate the skills and knowledge of management accountants and financial professionals in areas such as:
1. Financial Planning, Budgeting, and Forecasting
2. Performance Management and Cost Management
3. Internal Controls and Risk Management
4. Financial Reporting and Analysis
To become a CMA USA, candidates must meet the eligibility requirements, pass a two-part exam, and complete continuing professional education (CPE) requirements to maintain the certification.
The CMA USA certification is recognized globally and is considered a mark of e CMA India, or Certified Management Accountant India, is a professional certification program offered by the Institute of Cost Accountants of India (ICAI). It’s designed to validate expertise in management accounting and financial management ¹.
CMA INDIA
The CMA India program is divided into three levels: Foundation, Intermediate, and Final. Each level has its own eligibility criteria, and candidates must pass exams to progress to the next level.
CMA India professionals can work in various roles, including:
. Financial Controller: overseeing accounting and financial reporting functions
. Finance Manager: managing financial operations and planning
. Cost Accountant: analysing and tracking expenses
. Internal Auditor: assessing financial processes and compliance ¹
The key differences between CMA USA and CMA India:
(A) Issuing Body:
. CMA USA: Issued by the Institute of Management Accountants (IMA), USA.
. CMA India: Issued by the Institute of Cost Accountants of India (ICAI), India.
(B) Eligibility Criteria:
. CMA USA: Bachelor’s degree, 2 years of work experience, and completion of IMA’s CMA program.
. CMA India: 10+2 (Intermediate) or equivalent, and completion of ICAI’s CMA program.
(C). Exam Pattern:
. CMA USA: 2-part exam (4 hours each) covering financial planning, performance, and analytics.
. CMA India: 3-level exam (Foundation, Intermediate, and Final) covering cost accounting, financial accounting, and management accounting.
(D) Course Duration:
. CMA USA: Typically, 6-12 months.
. CMA India: Typically, 2-3 years.
(E) Recognition:
. CMA USA: Globally recognized, especially in the US, Middle East, and Asia.
. CMA India: Recognized in India and some parts of Asia.
(F) Career Opportunities:
. CMA USA: Opportunities in multinational corporations, finance, and accounting firms.
. CMA India: Opportunities in Indian companies, finance, and accounting firms.
(D) Salary:
. CMA USA: Average salary range: $60,000 – $100,000 per year.
. CMA India: Average salary range: ₹6 lakhs – ₹15 lakhs per year.
Please note that these differences are general in nature and may vary depending on individual circumstances.
ACCA
ACCA stands for Association of Chartered Certified Accountants. It’s a global professional accounting body that offers a certification program in accounting, finance, and business.
The ACCA qualification is designed to equip students with the skills and knowledge needed to succeed in accounting and finance roles. The program covers a range of topics, including:
1. Financial Accounting
2. Management Accounting
3. Financial Management
4. Auditing
5. Taxation
6. Business Law
7. Financial Reporting
To become an ACCA member, students typically need to:
1. Complete a series of exams (14 papers in total)
2. Gain relevant work experience (3 years)
3. Meet the ethics and professionalism requirements
ACCA members can work in various roles, including:
1. Financial Accountant
2. Management Accountant
3. Financial Analyst
4. Auditor
5. Tax Consultant
6. Financial Controller
The ACCA qualification is recognized globally, and ACCA members can work in over 180 countries. benefits of becoming an ACCA member:
Benefits of becoming an ACCA member:
1. Global Recognition: ACCA is a globally recognized qualification, with over 230,000 members and 536,000 students in 173 countries.
2. Career Opportunities: ACCA members can work in various roles, including financial accounting, management accounting, auditing, taxation, and financial management.
3. Improved Employability: ACCA members are in high demand, and the qualification can significantly improve employability prospects.
4. Competitive Salary: ACCA members can earn competitive salaries, with median salaries ranging from £30,000 to over £100,000 depending on experience and location.
5. Professional Development: ACCA provides ongoing professional development opportunities, including training, networking events, and access to industry publications.
6. Networking Opportunities: ACCA members can connect with a global network of professionals, providing opportunities for collaboration, knowledge-sharing, and career advancement.
7. Specialized Knowledge: ACCA members gain specialized knowledge and skills in areas such as financial reporting, taxation, and auditing.
8. Enhanced Skills: ACCA members develop a range of skills, including analytical, problem-solving, and communication skills.
9. Flexibility: ACCA members can work in various industries, including finance, accounting, and consulting.
10. Personal Satisfaction: Achieving the ACCA qualification can be a source of personal satisfaction and achievement.