If you want a management accountant, it is time that you register with the Institute for costs and Works Accountants of India (ICWAI). The Prime Minister, dynamic and professional institution actively living the availability of manpower for the economy of industrial and commercial development of the country.

With the liberalization of the economy, in conjunction with the change in the “Financial Management scenario conventional and auditing has lost relevance.It is now at the age of cost and management accountant working for the optimal use of resources limited.

The ICWAI four decades, was again under an Act of Parliament, with the twin objectives for development and settlement of management fees and accounting in India. The Institute has been discovered in a limited liability company, in the year 1944 was again during the Second World War. He experienced phenomenal growth, both on the issue of members and students - of 130 members and less than a thousand students 23000 members and students, 1.5 lakh now.

The federal government, the recognition of the importance and benefits and cost accounting management establishes a framework all-in India by name and title of the billing service costs in India in 1982. The ICAS is on a level I class, the services of the central administration to advise the government on various financial and tax issues.

According to the prospectus of the ICWAI his seat (12, Sudder Street, Calcutta-700016) and its four regional offices in Mumbai, ( “Rohit Chambers, 4th Floor, Janmabhoomi Marg, Fort, Mumbai-400001), Calcutta (84, Harish Mukherjee Road, Calcutta 700025), Chennai (ICWAI Bhawan, 65 Montieth Lane, Egmore, Chennai-600008) and New Delhi (ICWAI Bhawan, 3, Institutional Area, Lodi Road, New Delhi-110003), any person reaches the age of 17 may be considered as a student for the intermediate course, after graduation in each discipline. The incumbent provides for the result of graduation, you can also opt for provisional admission to the course. Those who are not in possession of these qualifications have passed, but the 10 +2 examination is itself and a review of basic studies before entering as a student for the interim review. The basic documents of the study are: business and the economic fundamentals, management and organization. Basic mathematics and statistics and trade laws.

The themes for the midterm and final exam includes: Intermediate Level I: financial accounting, cost accounting, business, law and practice of the secretariat and direct taxes. Intermediate Level II cost and performance billing, accounting, indirect taxation and quantitative methods. StageIII final: Advanced Financial Accounting, Information Technology and Computer Applications, management and control of operations and project management and control. Final Stage IV: Advanced Management Accounting techniques and applications, Advanced Financial Management, Advanced Management Accounting - Strategic cost management and auditing.

The examinations for studying basic, intermediate and final are held twice a year in June and December in 60 centres in India and 7 centres abroad. The ICWAI examination centres are located in Agartala, Ahmedabad Ajmer, Allahabad, Asansol, Aurangabad, Bangalore, Braoda, Behlai, Vila runway, Nepal Bhubaneswar, Bokaro, Calcutta, Chandigarh, Chennai, Coimbatore, Cuttack, Dehradun, Delhi, Dhandbad, Durgapur , Erankulam, Faridabad, ghaziabad, Guwahati, Howrah, Hyderabad, Indore, Jaipur, Jammu, Jameshedpur, Jodhpur, Kanpur, Kolahapur, Kota, Lucknow, Mudurai, Mumbai, Mysore, Nagpur, Naihati, Nashik, Neyveli, Panaji, Patiala, Patna , Pondicherry, Pune, Ramgarh, Ranchi, Rourkela, Shaktinagar Salem, Tiruchirapalli, Thiruvanthapuram, Udaipur, Ukkunagaram, Vellore, Vijay Wada, Vindhyanagar and Waltair.

The centers overseas are in Kathmandu, Botswana, Dubai, Dar-es-Salaam, Muscat, Nairobi, Tripoli and Zambia.

Performance measurement has a bad press recently. Do you believe that this is justified?

The subject is rarely messages, but, like most things, but rather of publicity when things go wrong. With such a focus on performance, it is very important, so that things correctly. We have to distinguish between the poor and pool. League tables Take, for example, they are potentially worth in order to identify good performance, but some are of low value and should be derailed. Others are useful, but not pressure, (which can mean that the effort to improve, instead of storing the underlying performance) can lead to distortions decision-making. The focus should be on improving reporting and control over the management accountant should be able to make an important contribution. But there are certainly reasons for optimism. After all, performance measurement, not only to problems in the development and use appropriate measures, but also creates opportunities for greater competition.

So, we now have a number of measures, many of which not enough. The next mission, presumably, is that more demanding.

If businesses and organizations to be “discovered”, measuring performance, they tend to many actions with great enthusiasm and, in general, at the end of several companies, which are quite genuine. They need to move and to improve what they already have. This requires a combination of management skills. It is undoubtedly a good sign for good governance.

What are you?

Measuring range for the measurement does not want, what counts is performance. I am not in search of more than propose measures, but to improve what we already have. To do this, I am tempted to end the process of preparing and measures. If companies on their performance, so far wrong, the risk of making bad decisions on key decisions, because they do not have the right information. Stringent measures to undermine all other work for the good management. On the other hand, the right information allows ordered their priorities, so that they know where the use of limited resources and can define their goals. With the help of information and assistance to make the most of the human being to achieve the objectives of the organization.

This is a brand new area. This looks like a real challenge.

I signed up on the work of the cash remained for three years, then for 11 Now that I am retired, and then again full-time at the London Business School, I am quite enjoying a new orientation of the work on this difficult but fascinating subject.

You come from a document on the financing of the function and role of the Chief Financial Officer. What are the most important aspects of this research?

He acknowledged that the financial statements, professionals, if we can measure how their own performance and that of their duties, we must be aware that others facing similar problems. Where are there common problems, it is possible to find common solutions. In my function in the latest edition of the FM ( “Your Worth weight in gold,” December / January 2004/05), I tried to show what could be. Where the CFO’s offer, I have a number of roles: the expert, head of the office of member of the board or the management team high: man, and looks at the funding of outside suppliers. proposed I that the performance criteria should be defined for each role, on the basis of a number of comparisons.

Are you following this?

I am now a measure of the success of human resources and the HR function director. I will probably go to other areas: law, marketing, information technology and procurement. I will speak to professional associations and to discuss the results with field players.

Is that your main concern?

No. My job consists of three components: the organization as a whole, the activities of the organization and the relationship between performance and salary. The study of the functions and the people who lead them, as part of the second section. In the first area, I am looking, such as organizations to define success - including whether Shareholder Value is the only model for enterprise - and alternatives to conventional financial models. I am also in favour of “very good” and “world-class”, and what should be considered whenever he tries to be. In the third section, I am going on the relationship between performance and remuneration. Here, I will work backwards in the measurement of performance to pay, rather than (as usual), vice versa.

If all these investigations, on the private sector?

At this moment. This means that work on the success of the organization as a whole and the link between performance and compensation limited. Public institutions have different purposes and are subject to various constraints, all models should be adapted. But the work of the oil activities and processes is, I hope, will for the most part in the public sector, because there is much less to make a distinction between the different sectors.

Some have questioned whether it is possible to measure the real estate to an organization’s success.

It can be difficult, but certainly exploitation of an organization must be wondering. Just outside may also, the judgments of success if the organisation, whether it wants to or not. As in the case of the link between performance and pay, I work backwards from a necessity, a response to the issue, to see if we can find an answer. What I have found so far is that, while you can not always find a good answer, you can always ask for a really interesting pair. Financial and non-financial data must be combined, as the retrospective and forward-looking reports, data, comparisons with other, wherever possible. All figures are, of course, is not a magic answer. The judgments are inevitable, and it is of vital importance for a good comment. Again, the auditors management have much to offer. I am delighted to participate in the discussion of ideas with colleagues.