What is the difference between CMA (USA) and CMA (India)?

manpreet Best Answer 2 years ago

As per the MoU (Memorandum of Understanding) signed between Institute of Management Accountants (US) and the Institute of Cost Accountants of India, if an Indian candidate pursuing CMA US sit for the exams in any country other than India (provided that country conduct tests under Pro-metric facility, e.g. Sri Lanka, Bhutan etc. these countries don't have Pro-metric centers), he/she will get CMA (India) or Indian Cost Accountant degree by default. To put it simply, candidates can save two important things: INR 1,00,000-1,50,000 (cost of study for CMA India) & 4-5 years of strenuous study. In return, they'll get a prestigious title of Cost Accountant. (Cost-Benefit analysis)