Dear Professional Colleagues & Stakeholders,
The Institute of Cost Accountants of India (ICMAI) cordially invites you to join the 62nd National Cost and Management Accountants’ Convention (NCMAC) - 2025 on the well thought of theme theme ‘दिव्य-दृष्टि Corporate Excellence - CMA Vision’ scheduled during 23rd to 25th May 2025 in Bhubaneswar, Odisha, wherein various challenges will be addressed, opportunities will be analysed and future CMA Vision will be developed and a way forward on how the CMAs can adapt to the evolving global economic landscape, will be devised.
It is keenly observed that the Cost and Management Accounting has been undergoing a significant transformation owing to the technological advancements, globalization, regulatory changes and evolving business models. Looking ahead, CMAs are all set to play a more strategic role in business decision-making, cost management and tax Management. In a dynamic, technology-driven and strategic future, CMAs who adapt upskill and embrace digital transformation will lead the industry. CMA profession is evolving from a cost-focused role to a strategic business partner and those who innovate and embrace change will thrive into the future economic scenario.
The Institute perceive the Corporate Excellence - CMA Vision as ‘दिव्य-दृष्टि’’ in the light of the pivotal role they play, the key functions they perform and the insights they offer that can transform business practices.
Friends, it is imperative for the CMAs to shift to the roles requiring strategic analysis, decision-making and data interpretation. And that is evidently the CMA Vision which perceives that the CMAs with AI and data analytics expertise will have a competitive edge. CMAs will move beyond compliance roles and become key advisors to CEOs and CFOs, making strategic planning a core responsibility. CMAs with expertise in sustainable cost management and ESG reporting will have high demand in global corporations. CMAs will have global career opportunities, especially in multinational corporations (MNCs) and international financial hubs. CMAs will need to be financial strategists, using data-driven methods to optimize costs and improve business sustainability. CMAs will transition into lucrative cost and financial consultancy roles, advising businesses on profitability and efficiency. CMAs with ERP expertise and digital finance skills will have strong career growth in technology-driven roles.
Apart from the customary Inaugural, Plenary and Valedictory Sessions, there will be FOUR learning sessions during the NCMAC ; Session on Total Cost Management (TCM) & Perpetual Cost Management covering concepts like Total Cost Management, Activity-Based Costing (ABC), Lean Accounting, Cost-Value Optimization etc.; Session on Navigating the Direct and Indirect Tax Landscape covering recent developments in Direct and Indirect Taxation; Session on Financial Shenanigans & AI in Accounting covering role of Automation, AI, Data Analytics etc. in Cost Management and financial transparency. Session on Recipe of Financial Reporting (Ind AS, BRSR & ESG) covering Reporting for Sustainability, Carbon Accounting, ESG Metrics in Decision-Making etc. Apart from this a CMA Leaders’ Meet shall also be organised covering the core theme of the NCMAC i.e. Corporate Excellence - CMA Vision. Sessions shall be handled by the domain experts comprising of senior bureaucrats, eminent experts and dignitaries hailing from the industry, government, regulatory, practice and academics.
We are looking forward to welcome all the participants at the NCMAC and seek active contribution towards making this Annual Event of the Institute of Cost Accountants of India a grand success.
With best regards,
