CMA course confronts with changes from August 8, 2020. These changes from techno-skills and soft skills boost the employability of the CMA students from a global perspective. T1, T4, and T5 are for the intimation of joining and completion of article ship training to the ICWAI institute. T4 is the form for working with the non-service sector. T1 is for the service sector. For the December exam, the last date of submission is August. For the June exam, the last date of submission is February. After completing the training, the student needs to upload the experience certificate, salary slip, and balance sheet. The balance sheet of the company works as the proof for the turnover. This blog alarms the student about the value of CMA article ship training.
Where CMA students take article ship training?
The CMA students can work with public sector undertakings, practicing cost accountants, sole trader ship, partnership, service sector, non-service sector, and management consultants. But they cannot go for the CA firm. There is a difference between the period and the place where the CMA students take the training. The criteria are with the turnover and process of work. And it is not with the type of the company. The turnover is 25 lakhs for the service sector and 50 lakhs for the manufacturing sector for the new students. In the case of old students, the limit of turnover for manufacturing companies is one crore, and for service sector companies it is fifty lakhs. Coimbatore, Trichy, Chennai, and Sriperambur are the manufacturing zones in Tamil Nadu. They engage the students with CMA inter qualification for industrial training.
All Public sector undertakings give recognition to the training of the CMA students. BEHL, BSNL, Food Corporation, Metro water, and Tamil Nadu electricity board accept CMA students for training. The state-level and central-level offices take CMA students if the vacancy exists. Big four companies are chartered accountancy firms, but they also have management consultancy where they provide training to the CMA students. In the case of the service sector, the turnover should be fifty lakhs. Old students need to take training for six months, and new students need to take training for 15 months. Old students can take the article ship training after the registration of CA intermediate. After the completion of intermediate or after the registration of the CMA intermediate the new students can take the training.
RR Academy website and the coordinators provide the details about the form to be filled for the article ship training. RR academy arranges for training the independent firm, finance firm, group of people firm and manufacturing company. The new skill set training program with CMA training has SAP, e-filling, and soft skills that give practical exposure to the students.
Skills development training 2020
ERP, SAP, Microsoft, E-filling for GST, TDS, PF, PAN, and IT, Email writing, and corporate etiquette are some of the areas of study during skills development training. The national education system and the international education system have a gap in technical skills and soft skills. And this is overruled by this skill-set education. The set of certifications such as Cambridge university certificate, SAP finance certification, and Microsoft certification enhance the employability factors to the learner.
How to succeed in a CMA case study interview?
Since finance is the point that attracts global businesses to India. The growth of venture capitalists and investors is due to the development in the e-commerce industry, technology, banking, insurance, and healthcare. The industries in India and the job roles in India should be in vigilance to the growing dynamic global market. If the article ship training is candid, then it is easy to crack the CMA interview with full confidence. Internal auditing, external auditing, costing analysis, forecasting, risk evaluation, and investment planning are the areas where the students get focus after the practical training.
Companies gauge the skills of the student with case study interview where the question is based on the scenario. If the question is of objective-type then it is easy to answer. If the question is from a practical viewpoint then it is hard to answer. Here are some of the examples for the case study questions. These examples provoke the knowledge of the CMA student.
The client is the franchise dealer of a popular gym. He wants to purchase the rights for one of the branded exercise machines to brand the gym name. Is this plan is a good idea for cost management?
The client is a paper manufacturing company who produces and distributes to multiple locations. Analyze the different plans to produce and distribute notebooks for the company?
The client is the manufacturer of luxury handbags with brand recognition. He has plans to produce handbags at reasonable prices. Suggest the new product pricing to the company?
The client is a renowned software company who makes use of artificial intelligence technology for processing medical records. Suggest the pricing models to the client.
The solution that the student provides shows the ability to handle the problem with efficient decisions. In general, the challenges that the cost accountants handle include plans to increase profits, produce a new product, acquire a new market, decide about the pricing strategies, and plan the mergers and acquisitions. With the help of the article ship training, the student learns the techniques to handle the interviews. It also boosts the confidence level of the student.
