Why is cost and management accountancy(CMA) so underrated in India?whereas other courses like CS & CA are given more weightage
It is not so under rated but yes it has less value. Its reason is CMA is getting publicity nowadays like now when there are some compulsory works which need to be performed only by CMAs. but earlier this was not the scenerio, CA was alwaz able to do all such things and was easily available so CMA never got that value which they actually deserved and as compared alwaz CA is seen to highly esteemed profession so also alwaz lesser no,of students were there in CMA. Its the nature of other and availability of other professionals that made CMA so under rated in India. but yes now the scenario is changing after the amendments and performance of activities which require CMA only and can't be substituted by CAs so profession is getting its own scene now and no,of students are also increasing after this as CMA is considered a bit easier than CA. Also a reason is lack of books. I have always seen CMA students referring CA books. so obvious they themselves feel inferior that he institute doesnt provide suffiecient material also. but now all these issues and scenes are changing and CMAs are now slowly being considered seperately. I think in a year or 2 CMAs would definitely be recognised as CA CS are now. Also CA is made more tougher from 2016 so more students would be going for CMA.