New Delhi: The Institute of Cost Accountants of India (ICAI), a premier professional body of Cost & Management Accountants in India, has invited nominations for ‘CMA Awards 2016’ from CMAs who are employed in an organization having turnover of more than Rs. 25 Crore. The CMA Awards recognize the significant contributions of CMAs in improving corporate governance, value creation and preservation, managing risk and control, achieving operational efficiency, promoting good CSR practices, and implementing innovative Cost and Management Accounting practices in order to propagate Cost Management culture to make Indian Industry cost competitive and sustainable.

ICAI said that the award is a great opportunity for the CMAs to showcase their achievements and get the national recognition. Nominations may be sent to Dy. Director(PD), The Institute of Cost Accountants of India, CMA Bhawan, 3 Institutional Area, Lodhi Road, New Delhi-110003 latest by 16 June 2017. There is no participation fee.

CMA Award is broadly categorized in the following three categories:

CMA-CFO Awards: CFO heading the Finance Department of an organisation or holding Board Level position

CMA Achiever Awards: CMAs not holding CFO position but having minimum 15 years of post – qualification experience.

CMA-Young Achiever Awards: CMA not holding CFO position, but having minimum 7 years of post – qualification experience and below 40 years of age.

The above awards have been further categorized under Public/Private Sector, Manufacturing/Service Sector, Large/Medium and Small (based on turnover).

Woman – CMAs Categories: This shall be a category within each of the above categories and nomination of woman CMA shall be considered for these categories.

 The criteria and details of CMA Awards are available on the official website of ICAI.