Shocking advertisement for Head-Costing post !!!

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Shocking advertisement for Head-Costing post !!!

Postby bvprabhakar on Thu Jan 30, 2014 11:46 am

See how well CMAs are recognized for our so-called core competency - COSTING as exxemplified by the following job advertisement for the post of HEAD - COSTING:

Looking for a Head of Costing for a leading business conglomerate based at Chennai, reports to CFO
Monthly P&L, P&L Analysis
Variance Analysis
Cost reduction Area Analysis
Projection of P&L - Short Term, Long Term
Project Feasibility study Cost Audit - etc
Should be a CA with min. 20 years exp
Should publish P&L on monthly basis in Standard Costing module (not in Actual Cost)
Age 45 - 52
Should be heading Costing function in a large corporate company with Minimum 10000 crores turn over

http://www.headhonchos.com/jobs-login/head-costing-audit-and-assurance-automobile-auto-components-chennai-madras-161605.html
लागत और प्रबंधन लेखाकार
விலை மதிப்பீட்டு மற்றும் நிறுவாகம் கணக்கர்
దారణ మరియు నిర్వాహకం గణకుడు
ಮೂಲ್ಯ ಮತ್ತು ನಿರ್ವಾಹಣೆ ಲೆಕ್ಕಿಗ
لاگت اور انتظام لیھاکار
コストと管理会計
التكلفة ومحاسب الإدارة
Kosten-und Management Accountant
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Re: Shocking advertisement for Head-Costing post !!!

Postby govind on Thu Jan 30, 2014 12:00 pm

This is what Prabhakar. We are fighting and struggling like anything to get statutory back up. But what is next ? Thru which Act, can we change the industry mindset ? Somehow, it has deeply registered in the minds of general public and industry, that CAs are for Accountancy. By Accountancy means, it includes everything such as taxation, costing, corporate laws etc etc. General public (for that matter even industry) doesn't know the difference between financial accounting and cost accounting. They are not even aware or not interested in knowing that there is specialisation in costing and management accounting and there are people who are specialised in that area. The above advertisement is an example for such mindset.
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Re: Shocking advertisement for Head-Costing post !!!

Postby randeepbhatta on Thu Jan 30, 2014 12:52 pm

Such a mindset can only be changed if the confusing prefix 'chartered' meaning (in the mind of many)- as 'Royal Authorisation' -is either removed from ca name altogather- or added simultaneously also in our name- to put both these statutory institutions in equal footings-carrying exclusive statutory 'charters' in their specialised domains. It seems we did not follow up strongly enough our past Presidents earlier 'press note' demand (and also another past presidents demand in an much earlier monthly adress in our journal)- inspite of our previous Hon'ble MCA having raised the question specifically to the then Presiding Vice Chairman of R.S.(who was a ca himself)- during detailed discussions in the RS on our name change bill.It seems we did not take up the que -to follow up the matter -strongly enough- perhaps. We need to reopen this demand again- formally and strongly enough-before the M.C.A.-for obtaining a level playing field -for both the statutory professional bodies in the accountancy and auditing domain.
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Re: Shocking advertisement for Head-Costing post !!!

Postby vvrsankar on Thu Jan 30, 2014 1:21 pm

For a worthless add, post CVs describing the inabilities/fitness of CAs for this post.
CMA Ravi Sankar Vipparla
రవి శంకర్ విప్పర్ల
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Re: Shocking advertisement for Head-Costing post !!!

Postby cma28321 on Thu Jan 30, 2014 2:44 pm

For a worthless add, post CVs describing the inabilities/fitness of CAs for this post


Dear CMA VVR Sankar,

This should be the job of the elected representatives. The employment cell should be so active, that even a smell of another professional being considered for our domain should make them swing into action to with counter measures.

The failure is not that of discipline but of attitude of the professionals in that discipline. Only the most aggressive and vigilant shall remain in the focus, rest will have to follow or play second fiddle.

We have blindly followed CIMA for content and ICAI-Old for structurisation of our course and Institute as a who and the effects are only too obvious. The financial accountant doent have the need to be aggressive with statutory backing he case is more or less settled. It is we who should be innovative highly adaptive and vigilant -

But what are our leaders doing, instead of lobbying with Industry and government and conducting cost congress/convention in NEW DELHI, they are succumbing to self-glorification and pompousness.

The whole thing is highly regressive and going down day by day - the betterment is simply not visible.
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Re: Shocking advertisement for Head-Costing post !!!

Postby rejy on Thu Jan 30, 2014 3:10 pm

The prefix chartered to cost accountants will not solve any problem, but the deletion of prefix chartered from accountant will solve almost all problems faced by CMA. The prefix chartered to accountants gives an impression that they are masters to all.

The purpose of creation of a separate institute( ICWAI) was to make the CAs specialised in financial accounts and to make CWAs specialised in cost & works accounts. However Govt. forgot all these things. Inorder to maintain both institute specialised in their subjects, it is necessary to demarcate the area of specialisation of both these institutes. Now the state of CAs are this that they are authorised to conduct many audit, but do not possess the required knowledge and financial audits are not effective. I know few CAs who do not know the abcd of VAT Act of their state but still practice in this feild with the help of non professionals(B.com,M.om etc.) practicing in sales tax.

In order to make financial audit effective and useful to the society, it is necessary to demarcate the area of financial accountants financial accountants has to concentrate in their area only to make their service effective. ICMA should make effort to bring this fact to the knowledge of our govt.
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Re: Shocking advertisement for Head-Costing post !!!

Postby sudhakaricwai on Thu Jan 30, 2014 3:34 pm

"Should be a CA with min. 20 years exp"

I think CA stands for Cost Accountant :)

"The prefix chartered to cost accountants will not solve any problem, but the deletion of prefix chartered from accountant will solve almost all problems faced by CMA. The prefix chartered to accountants gives an impression that they are masters to all"

We should demand to remove word " chartered" and prefix word "Financial" to our opponents
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Re: Shocking advertisement for Head-Costing post !!!

Postby cmadevarajan on Thu Jan 30, 2014 6:18 pm

Himalendu the Goats are out and they are hungry.

LOL...
Last edited by cmadevarajan on Thu Jan 30, 2014 6:20 pm, edited 1 time in total.
Thanks and kind regard
CMA.Devarajan Swaminathan - CEO
Devarajan Swaminathan & Co.
Cost Accountants

aligning costs with strategies
Mission, Vision, Values
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Re: Shocking advertisement for Head-Costing post !!!

Postby himalendubose on Fri Jan 31, 2014 2:44 am

Yes Devarajan, I remember having posted this advertisement in the month of Nov-Dec' 2013, very near post the 2013 cost audit draft notification.

Point to noted are:

1 your competition in the form of ICAI-CH will tear you apart without any reference to the term called healthy competition.

2 Top 500 PCMAs in practise will tear all the other PCMAs apart

3 Now we hear the voice of regional council members form NIRC and WIRC as a challange to the central council. Why was if missing for the pervious 5 years?

4 Even a degree like CIA-India will definately carry more value then the ICAI-CMA degree in the market. Even the correspondance MBA degree will have more weightage. ICAI-CH will not have any objection to it.
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Re: Shocking advertisement for Head-Costing post !!!

Postby himalendubose on Fri Jan 31, 2014 2:49 am

Not sure whether MCA has done justice to the cause for which costing profession was set up 50 years back?

Not sure whether the PCMAs- top 500 have done justice to the profession by it's actions for the past 50 years?
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