The Management Accountant - January 2024
The pioneering Journal of the Institute, “The Management Accountant” has been published since January 1966. It is being published regularly keeping in mind the needs of the Cost and Management Accountants (CMA) and provides wide knowledge on the recent developments and changes in the global, national, financial and economic scenario. The rich contents in the Journal keep informed the readers of sound professional ethics and keep them abreast of new developments.
10 The Management Accountant - January 2024
www.icmai.in
“Difficulties in your life do not come to destroy you, but
to help you realise your hidden potential and power, let
difficulties know that you too are difficult.”
-- Dr. A. P. J. Abdul Kalam
My Dear Professional Colleague,
t the outset, I take this opportunity to wish
you and your family a prosperous New Year
filled with happiness, accomplishment, and
new opportunities. As we step into 2024,
let us carry forward the lessons learned and build on our
collective achievements. May this New Year bring forth
new opportunities for growth, innovation, and collaboration.
Together, let us strive for even greater heights and make
significant contributions to the field of cost and management
accounting.
I encourage each member to embrace the spirit of
collaboration and knowledge-sharing within CMA fraternity.
Our collective strength lies in our diversity of expertise and
experiences. By working together, we can create a positive
impact not only on our individual careers but also on the
profession as a whole.
Meeting with Dignitaries
CMA M K Anand along with CMA T C A Srinivasa Prasad
and CMA Vinayaranjan P., Council Members, ICMAI had a
meeting with Dr. Bhagwat Kishanrao Karad, Hon’ble Union
Minister of State for Finance at his office in North Block,
New Delhi on 19th December, 2023 and discussed the matters
related to the Institute and CMA profession.
CMA M K Anand Chairman PD & CEP Committee
alongwith CMA Chittaranjan Chattopadhyay Council Member,
ICMAI had a meeting Dr. Subhas Sarkar, Hon’ble Minister
of State for Education on 18th December, 2023.
Launch of ICMAI TV Channel on JioTV Platform
The ICMAI channel is specifically crafted to broadcast both
live and pre-recorded content encompassing various topics
such as education, culture, innovation, skill development
CMA Ashwin G. Dalwadi
President
The Institute of Cost Accountants of India
and startup initiatives, catering to the needs of students and
members alike. Launched on 26th December, 2023, the ICMAI
TV Channel is currently accessible on the JioTV Platform, the
channel serves as an effective medium for communication,
allowing seamless interaction and the dissemination of the
Institute’s objectives related to student matters. Information
pertaining to members will be made available on the channel
at a later date.
Utilizing the JioTV App, which operates on JIO-enabled
networks, Jio SIM users have the opportunity to log in and
stream content for free. By installing the JIO TV app on their
mobile phones, Jio SIM users can use their mobile numbers
to access the ICMAI channel. Once installed, they can easily
locate the channel by searching for ICMAI and gain access
by clicking on the ICMAI logo.
New IT Initiatives
a) Improvements in Members’ Online System
The membership department and information technology
department under the guidance of CMA Avijit Goswami,
Chairman, Members’ Facilities Committee and CMA T.C.A.
Srinivasa Prasad, Chairman, Information Technology
Committee of the Institute respectively, continued to fine tune
the improvement in the members’ online system user friendly
experience to members. During the month of December 2023
such fine tunings in the system will now allow members to -
make online application with payment facility for
obtaining Good Standing Certificate.
make online application for payment of membership
fee at a reduced rate [subject to eligibility conditions
vide CWA Regulation 7(4)].
auto generate membership certification required to
obtain CISI certification.
Further, a new feature under COP menu has been
incorporated regarding the details of Trainees under Practicing
members. This facility is called VIEW THE REGISTERED
TRAINEES. This gives the details of trainees along with
UDIN details for T1 & T5 forms. The details are effective
from 10th December, 2023.
For seamless connect with the Institute, I again call upon
and request all members to login and check the correctness of
their contact details in the members’ online system. Contact
details can be updated or corrected by submission of Form
M-8 online after login to their account or members can also
download the form and send a signed scan copy with all details
filled in to membership@icmai.in.
b) New IT initiative to provide enhanced facilities to
CMA Students
A login feature has been integrated into the Online
Registration Application System, enabling students to access
various services through their accounts [https://eicmai.in/
studentportal/Home].
To utilize this feature, students need to create a login account
by verifying their email address through an OTP sent to their
registered email ID. Once the email ID is verified, it becomes
the user ID and students can set their password during the
account creation process.
PRESIDENT’S COMMUNIQUÉ
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