The Management Accountant - July 2024
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10 The Management Accountant - July 2024
www.icmai.in
PRESIDENT’S COMMUNIQUÉ
Cooperative Training (NCCT), JIS
University, Parul University, IIT Madras,
Sri Ramachandra Institute of Higher
Education and Research, Government
Autonomous College Rourkela, ABBS
School of Management, Seshadripuram
Degree College, Calcutta Girls’ College and
FICCI Ladies Organisation (FLO);
Launch of CMA Faculty Lounge with the aim
to create a vibrant and dynamic space where
faculty members, educators and industry
experts can come together to share insights,
best practices and resources related to the
field of management accounting and allied
areas while delivering CMA Courses at
different levels;
Improvements in Members’ Online
System allowing members to make online
application with payment facility for
obtaining Good Standing Certificate, online
application for payment of membership
fee at a reduced rate [subject to eligibility
conditions vide CWA Regulation 7(4)] and
auto generate membership certification
required to obtain CISI certification;
Enhancement of facilities to CMA Students
by integrating a login feature into the Online
Registration Application System, enabling
students to access various services through
their accounts.
None of these accomplishments would have
been possible without the unwavering support,
dedication, and collaboration of my council
colleagues, employees of the Institute and
members at large. Your commitment to excellence
has been the cornerstone of our success.
I shall be handing over the baton to the incoming
President on 22nd July, 2024, I am confident that
the Institute will continue to thrive and evolve. I
urge you to extend the same level of support and
cooperation to my successor, ensuring that we
maintain the momentum we have built together.
61st National Cost and Management
Accountants’ Convention- 2024
I am delighted to inform that ICMAI has
successfully organised the 61st National Cost
and Management Accountants’ Convention
(NCMAC- 2024) on June 27-29, 2024 at Tent City
Responsibility (CSR) Practices, Audits
and Report Verifiers,
©
Guidance Note on Carbon Credit
Mechanism, Greenhouse Gas
Accounting, ESG Reporting with
different Sustainability Standards
(including the current IFRS S1 and
S2 Standard), and the Role of Cost
Accountants,
©
Guidance Note on Inventory Valuation
under the Income Tax Act, 1961,
©
Enterprise Performance & Risk
Management for MSMSEs,
©
Compendium on MSME Schemes,
©
Customs - Practice & Procedures,
©
Manual on Internal Audit of Risk
Management in the Mining Sector,
©
Research Publication: Digital
Transformation – A Prismatic View.
Release of a comprehensive compilation of
thoroughly revised FAQs on the Companies
(Cost Records and Audit) Rules, 2014;
With the aims to promote the CMA Course
widely and to contribute to the vision of
the Government of India for Amrit Kaal,
the Institute introduced Fees Waiver
Scheme offering 75% fees waiver for the
male students and 100% fees waiver for
the female students of Jammu and Kashmir
and any of the eight North Eastern States of
India (Arunachal Pradesh, Assam, Manipur,
Meghalaya, Mizoram, Nagaland, Sikkim
and Tripura) taking admissions in the CMA
Course (Foundation, Intermediate and Final
levels);
Signing of an agreement with National
Council for Vocational Education and
Training (NCVET), Ministry of Skill
Development & Entrepreneurship,
Government of India. Through this
agreement, ICMAI has been recognised
as an Awarding Body (Dual Category)
by the NCVET. This recognition will help
the Institute to secure more projects under
the Skill development programme of the
Government of India;
Signing of Memorandum of Understanding
(MoU) with the National Council for
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