Paper 5 – Business Laws And Ethics (CMA Inter Group I) by CA Aishwarya Khandelwal Kapoor

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Q. Is CMA Inter equal to degree?

A. No, CMA Intermediate is not equal to a degree. It is a professional accounting qualification that is equivalent to a postgraduate diploma. To qualify as a CMA, you must complete both the CMA Intermediate and CMA Final levels. However, the University Grants Commission (UGC) of India has recognized the CMA qualification as equivalent to a postgraduate degree. This implies that CMAs are eligible for higher education and employment opportunities typically reserved for postgraduates.

Q. Is CMA good for future?

A. Becoming a Cost and Management Accountant (CMA) offers a promising career path due to the high demand in both public and private sectors for their expertise in cost management and financial reporting. CMAs earn competitive salaries, enjoy job security, experience opportunities for career advancement, such as reaching roles like Chief Financial Officer, and typically benefit from a balanced work-life schedule. The ICMAI CMA course equips you with a solid foundation in accounting and finance, enhances problem-solving skills, broadens career opportunities, and holds global recognition, making it an excellent choice for those aspiring to a rewarding career in accounting and finance. And, to become a CMA, go for reputed coaching like Study At Home to get expert guidance and best classes at affordable prices.