- With the globalization of all economic activities, the industries both in Manufacturing and Service sectors have recognized the potential of Cost and Management Accountancy Profession in giving support in Resource Management and making the operations more cost effective for facing the challenges of Management.
- CMA's provide services in Investment planning, Profit planning, Project Management and overall management decision making process. Many members of the Institute are holding top management positions viz., Chairman, CEO, CFO, Managing Director, Financial Control, etc.
- Central Government has constituted an All India Cadre known as Indian Cost Accounting Service at par with class-I services for framing Fiscal and Tax policies.
- The specialized knowledge and skill of the professional members of the Institute are being given due recognition for different Audit or Certification work under different Statutes like Maintenance of Cost Accounting Records and Cost Audit u/s 148 of The Companies Act, 2013 and Valuation Audit, CENVAT Audit, Service Tax Audit u/s 14A and 14AA of The Central Excise Act, 1944.
- Maintenance of Cost Records and Cost Audit under The Companies (Cost Records and Cost Audit) Rules, 2014 u/s 148 of The Companies Act, 2013.
- Certification of various forms in Director General of Foreign Trade under the Ministry of Commerce and Industry.
- Empanelment as Auditors in West Bengal Co-operative Society.
- Stock, Concurrent and Due Diligence Audit of various Banks.
- Valuation Audit u/s 14A and 14AA of The Central Excise Act, 1944.
- Special Audit under Customs Act, 1962.
- Audit under VAT Acts of various States.
- Certification of Cost of Production for Captive Consumption for the purpose of Excise duty Assessment.
- Certification under EXIM policy.
- Certification of consumption for import application.
- Tax Consultancy.
- Project Management Consultancy.
- Financial management Planning and Financial Policy determination.
- Cost management planning and Costing policy determination.
- Capital structure planning and advice regarding raising finance.
- Working capital management.
- Preparing project reports and feasibility studies.
- Preparing Cash budgets, Cash flow statements, Profitability statements, statement of sources and application of funds.
- Budgeting including capital budgets and revenue budgets.
- Inventory management, Material handling and storage.
- Price fixation and other management decision making.
- Management accounting systems including TCM, TQM, BPR, Cost control and value analysis.
- Cost Accounting.
- Accounting.
- Financial Management.
- Financial/Business Analyst.
- Auditing/Internal Auditing/Special Audits.
- Direct and Indirect Taxation.
- Systems Analysis and Systems Management.
- Process Analysis in BPO Houses
- Academic Careers in College/Management Institute etc.
- Implementing Business Intelligence Systems.
