Institute of Cost Accountants of India Quiz

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Ignoring cost accounting methods
Maximizing profits at any cost
Minimizing costs without considering efficiency
Cost competitiveness, cost management, efficient use of resources and structured approach to cost accounting (correct)

<p>'Cost and Management Accountants (CMAs)' (D)</p> Signup and view all the answers

<p>90,000 (D)</p> Signup and view all the answers

The Institute of Cost Accountants of India was established in 1959.

The headquarters of the Institute of Cost Accountants of India are located in Kolkata.

The Institute of Cost Accountants of India aims for cost competitiveness, efficient resource use and structured cost accounting.

Professionals associated with the Institute are known as Cost and Management Accountants (CMAs).

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The Institute of Cost Accountants of India has a global membership of 90,000.

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Established in 1944 to regulate and develop the profession of cost and management accounting in India.
Headquarters located in Kolkata, India, serving as the main governing body for the profession.

Vision emphasizes the development of cost management and accounting as a prestigious profession.
Aims to enhance the significance and impact of cost accounting in business decision-making processes.

Professionals associated with the Institute are known as Cost Accountants.
They are trained to provide cost accounting, financial management, and advisory services.

The Institute boasts a membership base of over 70,000 professionals worldwide.
Members play a crucial role in various sectors, contributing to the global recognition of the profession.