ICMAI to Host 62nd National Cost and Management Accountants' Convention in Bhubaneswar
The 62nd National Cost and Management Accountants' Convention (NCMAC) 2025 is set to take place from May 23 to May 25, 2025, at SOA University, Bhubaneswar, Odisha. Organized by the Institute of Cost Accountants of India (ICMAI), the convention will focus on the theme "दिव्य-दृष्टि Corporate Excellence - CMA Vision", highlighting the evolving role of Cost and Management Accountants (CMAs) in a technology-driven and strategic future.
The event will feature four learning sessions, covering topics such as Total Cost Management (TCM), Direct and Indirect Taxation, Financial Shenanigans, and AI in Accounting. CMAs will explore how AI, data analytics, and digital transformation are reshaping their profession, positioning them as key advisors to CEOs and CFOs.
Key Learning Sessions at NCMAC 2025:
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Total Cost Management (TCM):
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Explores strategies for cost optimization and value creation.
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Focuses on how businesses can align costs with productivity and market competitiveness.
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Highlights digital tools that enhance cost management efficiency.
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Direct and Indirect Taxation:
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Covers latest tax reforms and how they impact businesses.
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Explains the role of CMAs in ensuring tax compliance and strategic planning.
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Discusses the challenges posed by GST, corporate taxation, and international tax regulations.
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Financial Shenanigans & Corporate Governance:
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Identifies fraudulent financial practices and how CMAs can prevent them.
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Examines corporate governance frameworks for ethical financial management.
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Discusses forensic accounting and fraud detection techniques.
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AI in Accounting:
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Explores how artificial intelligence and data analytics are transforming accounting.
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Covers automation in financial forecasting, risk assessment, and decision-making.
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Discusses AI-driven tools for real-time financial analysis and reporting.
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Key Organizing Leaders:
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CMA Bibhuti Bhusan Nayak – President, ICMAI & Chief Patron
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CMA TCA Srinivasa Prasad – Vice President, ICMAI & Chairman
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CMA Manoj Kumar Anand – Council Member, ICMAI & Convener
Major Learning Sessions at NCMAC 2025:
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Total Cost Management (TCM): Cost optimization strategies, productivity alignment, and digital tool integration.
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Direct & Indirect Taxation: Latest tax reforms, GST impact, corporate tax planning, and international tax strategies.
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Financial Shenanigans & Corporate Governance: Fraud detection, forensic accounting, and ethical financial management.
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AI in Accounting: Financial forecasting, risk assessment, automation tools, and AI-driven decision-making.
Additional Convention Highlights:
Knowledge Pack – Exclusive learning materials
CEP Credit: 10 Hours
With a focus on corporate excellence and emerging financial practices, the convention promises to be a vital gathering for CMAs looking to adapt to evolving business environments.
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