Cost and Management Accountant is a globally accepted and highly demanded professional. He may build up his own practice or may take up employment in private, public or government sector with high remuneration. The Cost Accountant is responsible for audits like cost audit, special audit, compliance audit, stock audit etc. They are the ones who would decide whether the costing for certain projects or production of the company will or will not impact the finances of the organisation positively. The various types of skills a CMA employs help the senior management to make decisions regarding the finances of the company.

Various Ministries of the Government of India have authorized the Cost Accountant in practice for certifying various returns and to issue compliance certificates. Cost Accountant can work as faculty in colleges and universities. In GST related affairs, CMAs have a vital role as per the Act.