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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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