The Management Accountant - November 2024
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November 2024 - The Management Accountant
5
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PRESIDENT
CMA Bibhuti Bhushan Nayak
president@icmai.in
VICE PRESIDENT
CMA T C A Srinivasa Prasad
vicepresident@icmai.in
COUNCIL MEMBERS
CMA (Dr.) Ashish Prakash Thatte, CMA Ashwin G. Dalwadi, CMA Avijit Goswami,
CMA Chittaranjan Chattopadhyay, CMA Harshad Shamkant Deshpande,
CMA (Dr.) K Ch A V S N Murthy, CMA Manoj Kumar Anand, CMA Navneet Kumar Jain,
CMA Neeraj Dhananjay Joshi, CMA Rajendra Singh Bhati, CMA Suresh Rachappa
Gunjalli, CMA (Dr.) V. Murali, CMA Vinayaranjan P, Ms. Anita Shah Akella,
Shri Jyoti Prakash Gadia, Shri Inder Deep Singh Dhariwal, CS (Dr.) Shyam Agarwal,
Shri Sushil Kumar, IAS (Retired)
Secretary (Officiating)
CMA (Dr.) Debaprosanna Nandy
secy@icmai.in
Director (Examination)
Dr. Sushil Kumar Pareek
exam.director@icmai.in
Director (Infrastructure)
CMA Rajat Kumar Basu
Infrastructure.director@icmai.in
Director (PD & CPD)
CMA Nisha Dewan
pd.hod@icmai.in
Director (Technical)
CMA Tarun Kumar
technical.director@icmai.in
Director (Tax Research)
CMA Kushal Sengupta
trd.director@icmai.in
Director (Membership)
CMA Arunava Ganguly
membership.director@icmai.in
Director (Admin-Delhi)
CMA Simarjeet Chadha
admin.director@icmai.in
Additional Director (Journal & Publications)
CMA Sucharita Chakraborty
journal.hod@icmai.in
Additional Director (BFSI)
CMA Dibbendu Roy
bfsi.hod@icmai.in
Additional Director (Information Technology)
Mr. Ashish Tewari
it.hod@icmai.in
Additional Director (Career Counselling and Placement)
Dr. Pradipta Ganguly
placement.hod@icmai.in
Additional Director (Internal Control)
CMA Indu Sharma
intcontrol.hod@icmai.in
Additional Director (Finance)
CMA Soma Banerjee
finance.hod@icmai.in
Additional Director (Public Relations)
CMA T R Abrol
pr.hod@icmai.in
Joint Director (Legal)
Ms Vibhu Agarwal
legal.hod@icmai.in
Director (Discipline)
CMA R. K. Jain
discipline.director@icmai.in
Joint Director (CAT)
CMA Pardeep Kumar Khaneja
cat.hod@icmai.in
Joint Director (International Affairs)
Dr. Kimi Thareja
intlaffairs.hod@icmai.in
Joint Director (Board of Advanced Studies & Research)
CMA Tinku Ghosh Das
advstudies.hod@icmai.in
DISCLAIMER -
The Institute of Cost Accountants of India does not take responsibility for returning
unsolicited publication material. Unsolicited articles and transparencies are sent
in at the owner’s risk and the publisher accepts no liability for loss or damage.
The views expressed by the authors are personal and do not necessarily represent
the views of the Institute and therefore should not be attributed to it.
The Institute of Cost Accountants of India is not in any way responsible for the
result of any action taken on the basis of the articles and/or advertisements
published in the Journal. The material in this publication may not be reproduced,
whether in part or in whole, without the consent of Editor, The Institute of Cost
Accountants of India. All disputes are subject to the exclusive jurisdiction of
competent courts and forums in Kolkata only.
From the Editor’s Desk
President’s Communiqué
ICMAI CMA Snapshots
Down the Memory Lane
News from the Institute
Statutory Updates
06
07
14
106
108
117
Valuation Corner
Pain Point Valuation Model ....... 82
Business Cases
Business Model and its Consequence for Cost
Management ....... 84
Digital Transformation
Behavioural Finance and FinTech -
Digital Designers’ Olive Branches to Investors
and Other Users ....... 85
Ethical Leadership
Ethical Leadership - The Cornerstone of
Running a Business Successfully ....... 90
Viksit Bharat
Viksit Bharat 2047: India's Strategic Approach
in Balancing Trade Competitiveness and
Farmer Welfare at the WTO ....... 92
CMAs as Corporate Partners in Forensic
Accounting: Challenges and Opportunities
....... 98
Forensic Accounting
Demystifying sub-module of Profitability
Analysis in Controlling module of ERP SAP S4
HANA ....... 100
SAP
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