Cost Management Accountants 

Accounting the Universal Language of Business is a vehicle for reporting financial information about a business entity to the stakeholders. The financial statements are the end products of the accounting process and are prepared as per the accounting concepts, principles, and procedures Financial statements are the reports that bring out the financial strength, financial performance and liquidity of the company. The profitability and the financial position of a company are calculated on the basis of these reports.

For a proper understanding of the profits as per cost accounting and profits as per the financial accounting, one must have the knowledge and appropriate understanding of accounts. This understanding of accounting also helps you to identify the items which would not be considered in the costing records and for calculating costing profits.

Financial Accounting and Cost Accounting are of utmost importance for Cost Accountants. At the CMA Foundation level, we have taught you the fundamental concepts, conventions, policies, and principles of Accounting. And at CMA Intermediate level, we will be covering the Accounting Standards, preparation of financial statements and accounting for Partnership accounts and ledger accounts.

The financial statements are prepared as per the Accounting Standards and in convergence with IFRS so as to ensure accuracy and adequate disclosures in the financial statement which again helps in making financing and investment decisions. At CMA Intermediate level, only a few Accounting standards related to cost accounting are including in the syllabus.

At CMA Intermediate level, we will make you understand the framework of accounting systems and the Generally Accepted Accounting Principles which are necessary for preparing ledger accounts and financial statements. Our experts at Unicus Academy assists the students to Construct financial statements and develop the skill levels of knowledge, comprehension, application, and analysis of Accounting.

CMA Intermediate online class shall have comprehensive lectures on-
* Fundamentals of Accounting and accounting for special transactions
* Preparation of Financial Statements of various accounts.
* Ledgers, Royalties, Hire purchase and installment, Branch and departmental accounts.
* Accounting in computerized Environment and Accounting standards.

This paper Laws and Ethics in CMA Intermediate course makes you aware of the various commercial laws, corporate law, Industrial law and also introduces you to fundamentals of Ethics. This is important as law is the foundation of all modern businesses.

Commercial laws have come into effect for the fair functioning of business and healthy relationship among the parties to the agreement. Commercial law is very important for the smooth running of a business transaction. This paper introduces you to the various commercial laws like the Indian Contract Act, 1872, Sale of Goods Act, 1930 and Negotiable Instruments Act, 1881.

For the fair treatment, justice, welfare and social security of the employees serving the economy industrial laws have been introduced. This paper will guide students on Factories Act, Minimum wages, Gratuity, Pension, ESI, etc.

Running a business ethically is the key to long-run sustained growth .Building an ethical business is essential for up keeping the values, behaviors, and taking proper decisions in a business organization.

This paper gives CMA Intermediate students, an exposure to the important laws that are relevant for a business entity and demonstrates an overview of Company law.

We guide students with various legislations and help students understand the principles of corporate governance and the ability to implement and report compliances.

Unicus Academy also gives an introduction to the business ethics i.e. creating awareness and understanding of the ethical values governing the business etc.

The online classes shall have comprehensive lectures on-
* Indian Contract Act of 1872, Sale of Goods Act of 1930, Negotiable Instruments Act of 1881, Indian Partnership Act of 1932, Limited Liability Partnership Act of 2008
* Factories Act of 1948, Payment of Gratuity Act of 1972, Employees Provident Fund Act of 1952, Employees State Insurance Act, 1948, Payment of Bonus Act, 1965, Minimum Wages Act, 1948, Wages Act of 1936, Pension Fund Regulatory and Development Authority Act of 2013
* Companies Act, 2013
* Business Ethics

Taxes as we know are the greatest source of revenue for the Government. The government undertakes various development activities, facilities and expenses of all kinds for the welfare of the society .These are from the contribution of the people in the form of tax.

Tax laws existed even in the olden days. Those days tax was a share in the profit that was supposed to be handed over to the King. Later on it was collected by the British. The Income tax act of 1961 came into existence after independence for collecting and regulating tax laws.

Direct Tax is one of the dynamic subjects in the professional course. Direct Tax consists of the laws and procedures as per the Income-tax Act, 1961. It is very essential for the CMA Intermediate students to be aware of various provisions and tax implications on the income earned by individuals and various entities, Deductions and Exemptions available including the administrative procedures and ICDS.

With the passing of the Finance Act there are noticeable changes in Direct tax laws every year. As such all the students must keep a track of all the notifications, circulars, clarifications, and decisions pronounced by various courts.

The CMA students must give importance to:
* Other Incomes(not a part of the total income)
* 5 heads of Income
* Clubbed income (income by spouse and child)
* Assessment of entities like partnership, LLP, HUF, Co-operatives, AMT, AOP, BOI
* TDS, TCS
* Set-off and carry forward of losses
* Advance tax
* ICDS

CMA students at the Intermediate level must keep themselves updated on the various exemptions, incentives and relief available to the taxpayers so as to guide clients in tax saving and tax planning.

Unicus Academy’s online classes for CMA Intermediate provides you a comprehensive study on –
* Introduction to Income Tax Act, 1961, Income which does not form part of Total Income (Section 10, 11 to 13A).
* Types of Income and Computation of Total Income, Clubbing Provisions, set off and Carry forward of Losses, Deductions, Assessment of Income and tax liability of different persons
* TDS, TCS and Advance Tax, Administrative Procedures and ICDS We also solve major case studies that assist CMA Intermediate students in solving problems in practical scenarios.

There are price variations in 2 similar products of different industries and this price difference depends on the difference in method and rates of depreciation, labor cost, rent, or price and efficiency of plant and machinery, etc. which directly influences the cost of the product.

Cost refers to the number of resources used for the production of goods or rendering services.  Managing the cost directly may lead to a reduction in price of the product and an increase in profit. Cost Accounting covers the basic concepts and applications of cost principles to determine the cost of the product including the mechanism of Cost control and cost reduction.

The Cost Accountants are supposed to advise the businesses on how to reduce the cost and improve the use of resources, increase revenue, analyze operations and suggest structural changes and influence decision making.

The major work is that of ascertaining the cost, preparing the cost report and Cost Audit.

The major work of Cost accountants include ascertaining the price, identifying the unprofitable products, calculating the selling price, appropriation of cost expenses and cost control. Effective cost management helps prevent manipulation and fraud in the organization. Cost accounting helps in furnishing correct and reliable cost data to the management as well as to stakeholders.

Here at Unicus academy we provide an in-depth study of the Cost Accounting Principles and Techniques for identification, analysis, and classification of cost components to facilitate managerial decision making and setting an efficient cost control mechanism.

Our online coaching includes the basic concepts and processes in the determination of cost of products and services, understanding the Cost Accounting Standards (CAS)and the importance of marginal costing and Standard Costing in decision making

CMA Intermediate Online classes provide students a strong foundation on the subject and helps to apply the fundamentals to various practical scenarios.

CMA Intermediate Online classes focuses mainly on-
* Cost Accounting – introduction, Cost ascertainment, elements of cost ,Cost Bookkeeping
* Cost Accounting Standards
* Methods of Costing
* Cost Accounting Techniques – Marginal, standard and Budgetary control.

Production of goods and services is the main business activity of an organization. There are a lot of risk and uncertainty involved in an organization. An organization operates in the environment of risk and uncertainty due to the operation of multiple forces i.e. economic, technological, legal, political, social and global. An effective management of the operations is essential for the success of an organization.

An effective operations management involves proper operational planning, production planning and control, productivity management, Quality management, Project management and spares management.

A well planned strategy is essential to create value for the customers, it helps to respond to competitive challenges and build strong organizations with optimum utilization of an organization’s material and human resources thereby achieving better financial performance and improved qualitative decisions.

Strategic management helps develop a set of decisions and actions that result in the formulation and implementation of strategies to achieve the objectives of an organization in a given framework. It also helps in making Financing, Investment, Dividend and Portfolio decisions. These strategic decisions tend to affect the operational decisions and bring out a change in operations.

  This subject helps students gain knowledge on production planning and resource management and also various concepts like Corporate Vision, Mission and Objectives, SWOT and Portfolio Analysis, stages in strategy formulation process and Business Process re-engineering.

The online classes at Unicus academy provides an in-depth understanding of the various business process, analyze operations, production planning, Business process re-engineering and strategic management.

CMA Intermediate Online coaching provides comprehensive lectures on-
* Operation Management, Planning, Designing of operational systems and control, Production planning and Control, Productivity Management and Quality Management, Project Management, Economics of Maintenance and Spares Management.
* Strategic Management, Strategic Analysis and Planning, Formulation and Implementation of Strategy.

Accounting has been classified into Financial Accounting, Management Accounting, and Cost Accounting. Thus Cost Accountants must have knowledge of all accounting methods. Cost refers to the number of resources used for the production of goods or rendering services.  

An effective cost management leads to the reduction in price of the product and an increase in profit. Cost Accountants are supposed to advise the businesses on the methods to reduce the cost and improve the use of resources, increase revenue, analyze operations and suggest structural changes and influence decision making.

An efficient management of a business is called management accounting. An efficient management will facilitate in efficient planning, control, and decision making.

Financial Management refers to the arrangement of capital and effective utilization of the same in order to maximize the wealth of the shareholder by maximizing the value of the firm. Hence it is necessary for the students to understand the concepts of Capital requirements, capital budgeting, cost of capital, working capital requirements, capital budgeting, and dividend decisions.

A CMA student must be in a position to understand and analyze the best capital structure for the company. A proper understanding of debt and equity will help a company to achieve the optimum capital structure with minimum associated costs.

The Online classes will guide you through the Cost Accounting Principles, Techniques and documentation involved in cost systems. It will also help you understand the concepts of Financial Management and its application for managerial decision making.

The online classes for CMA Intermediate at Unicus Academy provides students a strong foundation on the subject and helps apply the fundamentals in various practical scenarios.

Our online classes will cover the following topics-
* Cost and Management Accounting – Introduction, Decision Making Tools, Budgeting and Budgetary Control, Standard Costing and Variance Analysis and Learning Curve.
* Introduction to Financial Management, Tools for Financial Analysis and Planning, Working Capital Management, Cost of Capital, Capital Structure Theories, Dividend Decisions and Leverage Analysis and Capital Budgeting – Investment Decisions.

Taxes are one of the major sources of revenue for the Government. Various developments, activities, facilities, Government expenses for the welfare of the society are all from the contribution of the people in the form of tax. At CMA Intermediate level, this subject covers an in-depth study of GST and Customs.

With GST, there has been a major change in the indirect tax system of the country. The government plan to come up with a common market with common tax rates and procedures and remove the economic barriers thus leading to an integrated economy at the national level. In GST tax is collected at every stage and the credit of tax paid at the previous stage is available as a set-off at the next stage of the transaction.

Being the newest enactment, GST law as a subject is interesting and challenging. Thus CMA Intermediate students must be updated with the practical aspects and complexities in GST and Custom laws which is much in need for advising and recommending solutions in practical scenarios.

CMA students should pay special attention to the following aspects:
* Place, time and value of supply
* Exemptions from GST, Reverse Charge
* ITC, E-way bill
* Import and Export under GST
* Assessment and Audit
* Demand and Recovery
* Advance Ruling
* Assessment methods, solving of Tax cases, Penalties and Penalties
* Valuation under customs act, Duty drawback, Refund
* Schemes under FTP

We provides an in-depth study on the various provisions of indirect taxation laws and their impact on business decision-making. The classes will also assist in computing the assessable value of transactions related to goods and services for levy and determination of duty liability.

The CMA Intermediate Online classes of Unicus Academy will be covering the following aspects –
* GST in India – An Introduction, Supply under GST, Charge of GST, Exemptions from GST, Place of Supply, Time of Supply and Value of Supply.
* Input Tax , Registration, Tax Invoice, Credit/ Debit Notes,
* Accounts and Records; E-way Bill, Payment of Tax and Returns.
* TDS, TCS, Matching concept under GST and Audit under GST.
* Customs Duty, Types of Duty, Import and Export Goods, Valuation under the Customs Act, 1962, Importation, Exportation and Transportation of Goods, Duty Drawback, Refund and Customs (Import of goods at concessional rate of duty) Rules, 2017.

Our Online video coaching also helps solve major case studies that assist CMA Intermediate students in solving problems in practical scenarios

Financial statements are the reports that quantify the financial strength, financial performance and liquidity of the company. These are the information’s which help us understand the financial position and the profitability of the company.

CMA Intermediate students must have enough knowledge about the Companies Act, 2013 to understand the procedure and concept for preparing Company Accounts. Students must also be well acquainted with issue of shares, the rights issue, Sweat equity shares, forfeiture of shares, buyback of shares, issue, and redemption of debentures and preference shares.

The study of company accounts and audit will of great help in preparing the financial statements and cash flow statements of the company including banking company, the Electricity Company and Insurance Company

The financial statements must be prepared following the Accounting Standards in convergence with IFRS. This will ensure accuracy and adequate disclosures in the financial statement which helps in making proper investment decisions. In this paper, students also learn about the Accounting standards applicable to the company i.e. AS 11 to AS 19.

An audit is conducted to ensure that the financial statements are true and reliable. The audit also assures that the statements are prepared following accounting policies and principles and all material transactions are properly disclosed.

Knowledge of Auditing and possessing professional ethics is important for conducting an Audit. This paper helps CMA Intermediate students follow the Auditing standards and follow professional ethics while carrying out an Audit. This paper will also guide you on the appointment of an auditor, their qualification, remuneration, audit report requirements, contents of report and qualifications in the report.

The online classes by Unicus Academy will provide an in depth understanding of the following topics.
* Accounts of Joint Stock Companies – Accounting of Shares and Debentures, Presentation of Financial Statements, Cash Flow Statement, Accounts of Banking, Electricity and Insurance Companies and Accounting Standards (AS – 11, 12, 15, 16, 17, 18 and 19).
* Auditing – Auditing Concepts and Provision relating to Audit under Companies Act.

There are various forms of business organizations and a Company is one such form of organization that is the current spotlight. The legislative enactment for the administration and regulation of Companies is called Company law. The word “Company” was earlier known as a “Joint Stock Company”. The first legislative enactment was passed in the year 1850 and later on Companies Act, 2013 was introduced to enable companies to achieve global competitiveness.

This legislative enactment was brought into effect for the administration and regulation of Companies. In addition to Companies Act, 2013, there are several other legislations like SEBI regulations for listed companies, FEMA for trading with foreign countries, IRDA for Insurance companies, IBC, 2016 for Liquidation of companies, The Competition Act, 2002 for Merging or acquiring companies and The Banking Regulation Act, 1949 for Banking Companies.

Companies Act is the base for many other laws as it links and incorporates the Labor laws, Income tax, Indirect tax laws etc. Hence a Cost Accountant must have the knowledge and in-depth understanding of the corporate law and its legal provisions.

In order to encourage a good corporate governance, the law has been made stricter and companies are expected to comply with the Act.  A good Corporate Governance ensures Accountability, Transparency, Disclosure and ethical practices. The major topics in CMA Final are Corporate Governance Concepts, Principles, and Practices in India.

In CMA Intermediate, you have come across the different type of companies, promotion, the Board of Directors etc. At CMA Final, students will get to know of the Company formation, conversion, Investment and Loans, Dividends, Accounts and Audit, Directors& KMP, Board Meetings, Inspection, oppression, and mismanagement, Winding up and NCLT.

At Unicus Academy we have taken efforts to focus on the above areas including various legislations like SEBI, FEMA, Competition Act, etc. as applicable to CMA Final syllabus.

CMA Final Online classes will be focusing on the following aspects:
* Companies Act of 2013 , Insolvency and Bankruptcy Code
* SEBI laws and Regulation, The Competition Act, 2002 and its role in Corporate Governance, Foreign Exchange Management Act, 1999, Laws related to Banking Sector and Laws related to Insurance Sector.
* Corporate Governance and Social, Environmental and Economic Responsibilities of Business.

This paper Strategic Financial Management is a combination of Strategic Management and Financial Management. This paper shall help students understand the method of applying financial management theories and techniques in strategic decision making.

In a business it is very much essential to have a clear and realistic strategy so as to manage the finance for fulfilling the objective of the company and increase the wealth of stakeholders.

In short clear Strategy + Finance +Management = Fundamentals of Business.

Strategic Financial Management gives a better understanding of the investment opportunities and also helps in making Financial, Investment, Dividend, and Portfolio decisions. The students in their final year CMA are expected to be thorough with capital budgeting for giving better management decisions. It includes capital rationing, sensitivity analysis, leasing decisions, sale and leaseback decisions etc.

Students learn to identify and manage the risk associated with Finance i.e. credit risk, insolvency risk, equity risk, currency risk, interest rate risk and foreign investment risk. Students get to know that better risk management techniques provide early warning signals that help companies address risk in time.

Our online lectures will introduce you to various foreign exchange accounts, forecasting future exchange rate, Capital Markets, Commodity exchange, Exchange rate theories, risk involved in foreign rates and hedging of currency risk.

Unicus academy also helps students solve the problems by applying theoretical knowledge.

CMA Final Online lectures of Unicus academy shall provide comprehensive lectures on-
* Investment Decisions, Planning and Control, Evaluation of Risky Proposals and Leasing Decisions.
* Institutions in Financial Markets, Instruments in Financial Markets, Capital Markets and Commodity Exchange.
* Security Analysis & Portfolio Management
* Financial Risks & Management, Financial Derivatives – Instruments for Risk Management and Financial Risk Management in International Operations.

A cost accountant in a company is expected to advice on the methods to lower the costs and improve the use of resources, increase revenue, analyze operations and suggest structural changes for the overall growth of the company.

A well planned strategy is essential to create value for the customers, it helps to respond to competitive challenges and build strong organizations with optimum utilization of an organization’s material and human resources thereby achieving better financial performance and improved qualitative decisions.

As such we can say that a planned strategy to manage the cost, helps long term sustainability of organizations.

This subject helps students in understanding the application of various strategic cost management techniques like the Learning curve, Simulation and CPM/PERT in making business decisions.

Unicus academy aims to develop skills of analysis, evaluation and synthesis in cost and management accounting. Our online coaching provides an in-depth discussion on costing systems and activity-based costing, activity management, and implementation issues in modern costing systems including the application of Operation Research in Strategic Decision Making.

Online classes for CMA will have comprehensive lectures on-
* Cost Management – Life Cycle Costing, Business Process Re-engineering, Value Analysis, and Value Engineering, Cost Control and Cost Reduction.
* Tools and Techniques – Decision-Making Techniques, Standard Costing in Profit Planning, Activity- Based Cost Management – JIT and ERP, Cost of Quality and Total Quality Management.
* Strategic Cost Management –Operation Research, Statistical Tools and techniques in Strategic Decisions Making.

Tax laws have been in existence since ages. Those days a share of the profit had to be contributed to the King and such contribution is known as Tax these days. Later, the British also collected taxes on the revenue.

After Independence, the Income Tax Act, 1961 was introduces for collecting and regulating tax laws. Direct Tax Laws is one of the dynamic subjects for students at CMA Final and it includes the study of Direct Tax Laws and International Taxation.

Direct Tax laws covers all the laws and procedures under the Income-tax Act, 1961. The CMA Final students are expected to be aware of various provisions and tax implications on the income earned by individuals as well as other entities including the case laws governing core provisions of the Act. Due to an increase in the cross border transactions, the government has signed various tax treaties with countries to avoid double taxation for a single transaction, hence knowledge of International Taxation is a must for the CMA Final students, so they must be well versed with International taxation to provide the correct advice and to ensure compliance with applicable law.

The Direct tax undergoes significant changes every year with the passing of the Finance Act, hence the students must keep themselves updated with notifications, circulars, clarifications, and decisions pronounced by various courts.

CMA final students must pay special attention to:
* Clubbed income ( spouse and child)
* Assessment of partnership, LLP, IFSC, Life insurance business, Business trust, company, MAT, AMT, SPV, AOP, BOI.
* Special rates applicable to companies and relevant surcharges
* Advance Ruling
* Business Restructuring
* Assessment procedure, solving Tax cases, Penalties
* Taxation of non-resident, Double taxation and Avoidance Agreements
* Transfer Pricing
* Tax Planning and Tax Management
The various exemptions, incentives, relief available to the taxpayers to guide clients in tax saving and tax planning must be at the fingertips of the students

CMA Final Online classes at Unicus Academy will provides you a comprehensive study on –
* Advance Direct Tax Laws – Assessment of income and Computation of tax liability of Various Entities, Tax Management, Return and Assessment Procedure, Grievance redressal, Penalties and Prosecutions, Business Restructuring, Tax planning, CBDT, E-commerce Transaction, liability in special cases, Income Computation and Disclosure Standards (ICDS) and Black Money Act, 2015
* International Taxation – Double Taxation and Avoidance Agreements and Transfer Pricing * Case Study analysis

Our online lectures will help students solve major case studies that assist CMA Final students in solving problems in practical scenarios.

Accounting as we know is used for reporting financial information about a business entity to the stakeholders. The financial statements are to be prepared as per the Accounting Standards in convergence with IFRS. This ensures accuracy and adequate disclosures in the financial statement which in turn helps in making appropriate financing and investment decisions.

CMA students are expected to be familiar with all the Accounting Standards for preparing the financial statements. This paper will help students understand the Accounting Standards in a better way.

The Financial Reporting process actually forms the theoretical basis for determining what should be accounted, how it is to be measured and the ways in which it has to be communicated to the user.

A Financial Reporting helps in preparing and interpreting the information contained in the financial statements according to the Accounting Standards. Financial Reporting also helps in analyzing the impact of GAAP and its application for reporting and compliances.

CMA Final Online lectures of Unicus academy helps students understand the application of Accounting Standards in preparing Financial Statements and assist in evaluating financial statements for strategic decision-making. Students shall also get adequate information on the Valuation of share, share-based payments, NBFC accounting and Government Accounting and Government Accounting Standards.

 CMA Final Online classes shall have comprehensive lectures on-
* GAAP and Accounting Standards
* Accounting of Business Combinations and Restructuring
* Consolidated Financial Statements
* Recent Trends in Financial Reporting, Valuation, Accounting and Reporting of Financial Instruments and Others, Share-Based Payments and Reporting through XBRL.
* Government Accounting

Tax as we know is the greatest source of revenue for the government. Various developments, facilities, expenditures of every kind made by the Government for the welfare of the society is from the contribution of the people in the form of tax

Indirect Tax Laws is one of the major subjects for students at CMA Final level as it includes an in- depth study of GST, Customs and FTP.

With GST, there has been a major change in the indirect tax system of the country. The government aims at making India, a market with common tax rates and procedures and remove the economic barriers thus leading to an integrated economy at the national level. In GST tax is collected at every stage and the credit of tax paid at the previous stage is available as a set-off at the next stage of the transaction.

Being the newest enactment, GST is a subject of great interest and challenging too. CMA Final students are expected to be updated with all the practical aspects and complexities involved in GST and Custom laws which is much required in advising and recommending solutions in practical scenarios.

CMA Final year students must give importance to:
* Place, time and value of supply
* Exemptions from GST, Reverse Charge
* ITC, E-way bill
* Import and Export under GST
* Assessment and Audit
* Demand and Recovery
* Advance Ruling
* Anti-profiteering
* Valuation under customs act, Duty drawback, Refund
* Warehousing, Baggage
* Schemes under FTP
Our CMA Final Online classes will provide you with an in depth understanding of the following aspects:
* GST – An Introduction, Levy and Collection of Tax, Classification of Goods and Services, Supply under GST, Charge of GST, Exemptions from GST, Place of Supply, Time of Supply and Value of Supply, Input Tax Credit, Registration, Tax Invoice, Credit and Debit Notes, Accounts and Records; E-way Bill, Payment of Tax and Returns, TDS, TCS, Import And Export Under GST, Refund, Job Work, Assessment And Audit, Inspection, Search, Seizure And Arrest, Demands And Recovery, Liability to Pay Tax in Certain Cases, Offences And Penalties, Appeals And Revisions, Anti- profiteering.
* Customs Duty, Types of Duty, Import and Export Goods, Valuation under the Customs Act, 1962, Importation, Exportation and Transportation of Goods, Duty Drawback, Warehousing, Baggage, Refund, Search, Seizure and Confiscation, and Miscellaneous Provisions and Customs Rules of 2017
* Foreign Trade Policy – Export Promotion Schemes under FTP.

Online classes at Unicus Academy will also help solve major case studies that assist CMA Final students in solving problems in practical scenarios.

Cost audit is done to ensure that that the cost accounts are correct and in accordance with the accounting plan. A Cost Audit is done only by Cost Accountants certified by ICAI (Cost Accountants) Performance management which gives importance to productivity and efficiency focuses mainly on the achievement of results.

Financial productivity refers to the identification of the financial strengths of a firm and at the same time eliminating the weakness appearing in the balance sheet and profit and loss account.

Any possible adverse impact of action is perceived as risk i.e. probability of adverse impact of a threat and its impact. In a business risk can be of several types like Fraud risk, Reputation Risk, Compliance Risk, Market Risk, Legal Risk, Insolvency Risk, Credit Risk, Price fluctuation Risk, etc.

Hence managing risk is very much important in a company. Risk management involves the process of assessing risk and developing strategies to manage it. An efficient risk management technique provides early warning signals that help address risk on time.

Business valuation refers to the process of estimating the market value of a business interest at a given point of time. Business Valuation is conducted during a merger, amalgamation, acquisition, IPO, shareholder’s dispute settlement, non-arm’s length transactions etc. A business valuation helps offer a base for negotiation between a buyer and a seller.

The CMA Final Online classes of Unicus Academy aims at making the students understand the relevance of Performance Management in strategic decision-making and evaluate the risks associated with strategies of an organization. It also focuses on the various Business Valuation techniques and gives an overview of various Business Valuation models.

Our online classes consist of comprehensive lectures on the below mentioned relevant topics-
* Strategic Performance Management -Performance Management, Performance Evaluation & Improvement Tools, Economic Efficiency of the Firm, Performance Analysis and Enterprise Risk Management.
* Business Valuation – Business Valuation Basics, Valuation Models, Valuation of Assets and Liabilities and Valuation in Mergers and Acquisitions.

Performance Management refers to the method of identifying, measuring, managing and developing the performance of the human resources in a company. Performance appraisal is conducted to keep a track of the performance of the employees and suggest methods to improve it.

Cost Accountants are expected to conduct cost audits to ensure that the cost records are true and are prepared as per accounting Standards. Cost accountants must conduct Audit as per Cost Auditing and Assurance Standards.

These Accounting Standards are guidelines that specify the cost accounting treatment for various cost elements, minimum disclosure requirements and ensure the comparability, consistency, and completeness of cost records.

This subject helps CMA Final students to understand – Who are required to maintain cost records and the manner of preparing it, maintaining cost records, when is cost audit required to be conducted, what is the format of the cost audit report and what are the professional ethics expected from cost accountants etc.

Cost Audit helps Cost Accountants to recommend the desired course of action for optimal utilization of scarce resources which helps improve the productivity and profitability of an organization.

Management Audit is the verification of the transaction of an organization including the effectiveness of managers, their compliances with the company on professional standards, the reliability of management functioning, the quality of performance of duties and recommendations for improvement.

This also helps management in framing the basic policies of the organization, designing and reviewing MIS, analyzing SWOT in decision making for the smooth operation of the organization. Knowledge of Auditing and possessing professional ethics is important while conducting an Audit. This paper guides CMA Final students to follow the Auditing standards and professional ethics while carrying on Audit.

Through this subject the CMA Final students must not only gain professional knowledge but also build the ability to apply such knowledge in practice. Students must develop professional skills like intellectual and communication skills along with acquiring knowledge.

Unicus Academy provides an in-depth study of cost audit, management audit and manner of evaluating the performance of an organization through cost accounting records and cost audit reports.

The online classes of Unicus Academy gives a brief outline of the study of internal audit, the audit of hospitals, hotels, educational institutions, co-operative societies, self-help groups, non-governmental organizations, municipalities, corporations and panchayats.

 The online lectures will have an elaborate explanation of the following topics-
* Cost Audit, Cost Records and Audit Rules of 2014, Professional Ethics, Misconduct, Offences and Penalties, Cost Accounting Standards, Cost Auditing, Assurance Standards and Cost Audit Report.
* Management Audit – Reporting issues, Performance Appraisal Report, Need for Management Audit and Reporting, Energy Audit, Efficiency Audit, Propriety Audit, and Systems Audit, Corporate Image, Corporate Development Audit, Corporate Strategy Audit and Impact of environmental pollution i.e. Corporate Social Audit ,social analysis and Safety audit.
* Internal Audit, Operational Audit, Audit Planning, Audit Program, Audit working papers, reporting to Management, Receivables Audit, Audit of Hospitals, Hotels, Educational Institutions, Co-operative Societies, Self Help Groups, Nongovernmental Organizations (NGOs), corporations, Municipalities, Panchayats. Case Study on Performance Analysis.