02-19-2010, 06:06 PM
I wonder why CMAâs in Pakistan always try to compare them selves with CAâs. The two are meant to cater totally different branches of Accountancy.
I do not want to initiate any debate but in my opinion the reason CAâs are preferred over CMAâs by employers is that the profession of Management Accountancy has not matured in Pakistan and employers are not aware about the value a management accountant can bring to his business. Most of the CMAâs including me are not employed in our relevant field i.e. management accountancy. We are employed on finance side and there fore are always cheaper options for employers as compared to CAâs.
I fail to understand why so much emphasize is done on audit rights, we CMAâs are not meant to conduct audit. Just look at CIMA the most prestigious institute of management accountancy they even ignore the taxation side in their curriculum because itâs not their area of expertise. In UK CIMA members earn more than members of ICWAE the reason is that employers know the potential of management accountants and their importance in decision making process is acknowledged in developed world.
If we have to blame some one then we should blame ourselves for not promoting the profession of management accountancy in Pakistan. May I ask what role our institute has played in promoting our profession??? And our members including me have never tried to convey the value of management accountant to our employers. Just tell me how many organizations in Pakistan have a separate management accounts department???
I think it is unwise to shift the responsibility on others and complain like ordinary people. We the management accountants are not ordinary people and there fore we should start working towards promotion of our profession in Pakistan. Once we do it then only we can complain about biases and prejudice of other professionals towards us.
M.Rizwan
I do not want to initiate any debate but in my opinion the reason CAâs are preferred over CMAâs by employers is that the profession of Management Accountancy has not matured in Pakistan and employers are not aware about the value a management accountant can bring to his business. Most of the CMAâs including me are not employed in our relevant field i.e. management accountancy. We are employed on finance side and there fore are always cheaper options for employers as compared to CAâs.
I fail to understand why so much emphasize is done on audit rights, we CMAâs are not meant to conduct audit. Just look at CIMA the most prestigious institute of management accountancy they even ignore the taxation side in their curriculum because itâs not their area of expertise. In UK CIMA members earn more than members of ICWAE the reason is that employers know the potential of management accountants and their importance in decision making process is acknowledged in developed world.
If we have to blame some one then we should blame ourselves for not promoting the profession of management accountancy in Pakistan. May I ask what role our institute has played in promoting our profession??? And our members including me have never tried to convey the value of management accountant to our employers. Just tell me how many organizations in Pakistan have a separate management accounts department???
I think it is unwise to shift the responsibility on others and complain like ordinary people. We the management accountants are not ordinary people and there fore we should start working towards promotion of our profession in Pakistan. Once we do it then only we can complain about biases and prejudice of other professionals towards us.
M.Rizwan
