The Management Accountant - May 2024
Welcome to interactive presentation, created with Publuu. Enjoy the reading!
8 The Management Accountant - May 2024
www.icmai.in
“Little pools of water tend to become stagnant and
useless, but if they are joined together to form a big
lake the atmosphere is cooled and there is universal
benefit.”
-- Sardar Patel
My Dear Professional Colleague,
Manthan on Viksit Bharat 2047
I am happy to note that the Regional Councils
and Chapters of the Institute have started organizing
Manthan program on “Viksit Bharat 2047” to churn out
the new ideas and provide inputs for ensuing National
Management Accountants’ Convention (NMAC)
of the Institute with the theme “Viksit Bharat 2047:
Synergizing Catalysts for Sankalp to Siddhi” during
27th to 29th June, 2024. This initiative is to facilitate the
exchange of innovative and disruptive but constructive
ideas of members that can align our profession of Cost
and Management Accountancy with the vision of a
developed India.
The venue chosen is Tent City – II at Statue of Unity
– Gujarat. This Statue of Unity is a patriotic symbol of
the legacy of a man who spent his life in the struggle for
freedom. As a mark of respect, the statue is located at
his birthplace in Gujarat. The statue stands 182 metres
high, making it the World’s Tallest Statue in the world.
I am sure that the venue will provide us with an
opportunity to think big, guidance to strategizing our
future activities towards making our Institute the world’s
most sought after and prestigious Institute.
I look forward to receiving your valuable input which
will be instrumental in crafting our vision document
for the future and meet you in person at NMAC. Let
CMA Ashwin G. Dalwadi
President
The Institute of Cost Accountants of India
us come together to pave the way for a prosperous and
inclusive India.
Advisory to Members to report UOM as mentioned
against CTA Codes
This is a gentle reminder to all Practicing Cost
Accountants to strictly refer and report UOM as
mentioned against CTA Codes only, as advised in my
earlier communique in the month of October, 2023.
The notification issued in 2018 in this regard prescribed
that the Unit of Measurement (UOM) for each Customs
Tariff Act Heading, wherever applicable, shall be the
same as provided for in the Customs Tariff Act, 1975
(51 of 1975) corresponding to that particular Customs
Tariff Act Heading.
Meetings with Dignitaries
I along with CMA Manoj Kumar Anand, Council
Member, ICMAI and CMA Amal Kumar Das, Former
President, ICMAI had a meeting with Shri P M Prasad,
CMD of Coal India Limited and CMA Mukesh Agrawal,
Director (Finance) of Coal India Limited on 25th April,
2024 at Kolkata.
CMA Manoj Kumar Anand, Council Member, ICMAI
met with CMA Jaikumar Srinivasan, Director (Finance),
NTPC Ltd on 23rd April, 2024 at New Delhi. During this
interactive meeting, CMA Anand apprised him about the
recent and upcoming activities of the Institute.
Interaction Programme with Hon’ble Union
Minister of Finance & Corporate Affairs
An Interaction Programme with Smt. Nirmala
Sitharaman, Hon’ble Union Minister of Finance &
Corporate Affairs, was jointly organised by Bengaluru
Chapter of ICMAI and ICSI on 22nd April, 2024 at
Bengaluru. I had the pleasure of addressing the members
in presence of Hon’ble FM and CAM. The program
was attended by CS B. Narasimhan, President, ICSI
and representatives of Bengaluru Chapter of ICMAI
and ICSI.
Hon’ble FM & CAM while addressing members
of ICMAI & ICSI appreciated the role of both the
professionals in nation building. Hon’ble Smt.
Sitharaman ji specifically highlighted the importance
and key role of Management Accounting. She mentioned
that CMAs will have to play a much bigger and critical
role in achieving optimum utilization of scarce budgetary
resources by implementing techniques of Management
Accounting like Cost Benefit Analysis, etc.
CMA Faculty Lounge
The Directorate of Studies under the aegis of Training
PRESIDENT’S COMMUNIQUÉ
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124