Committee on Management Accounting (CMA)
Proudly Announces
DIPLOMA
ON
MANAGEMENT
AND BUSINESS
FINANCE
(DMBF)
The Institute of Chartered Accountants of India
(Set up by an Act of Parliament)
President's Message
The Chartered Accountants as Management Accountants have been significantly contributing
in vast areas like Designing and Implementation of Management Accounting Systems,
Financial Planning, Corporate Finance & Corporate Restructuring, Banking & Risk
Management, Forex & Treasury Management, Business Valuations, Merger & Acquisition, Anti
Money Laundering and Insolvency & Bankruptcy Code etc.
The paradigm shift in policies, legislations and technology is demanding new levels of strategic
and tactical complexity from professionals in their work. Today we are living in an environment
of intense competition and regulatory changes. In this competitive environment, it is imperative
for our members to put concerted efforts to be well versed with the contemporary developments
taking place. In order to enhance their knowledge, it has become mandatory for the
professionals to study, analyze, update and discuss the changes going on in various fields from
time to time. This will help them to contribute more effectively at the leadership positions.
Taking cognizance of its role, the Institute of Chartered Accountants of India (ICAI) is launching
a "Diploma on Management and Business Finance (DMBF)" to impart the nitty-gritties of
finance amongst the members of the Institute. The course has been specifically designed to provide an in-depth and comprehensive knowledge of
theoretical as well as practical aspects of Business Finance,in a very practical and simplified manner. I am confident that this newly launched
Diploma will be immensely useful to the members of the Institute.
I place on record my compliments to all the members of Committee on Management Accounting for launching the Diploma on Management and
Business Finance (DMBF) for the benefit of stakeholders at large. I am sure this Diploma would facilitate our members in practice as well as in
industry to acquire specialized knowledge and cope-up with the challenges and complexities lying ahead.
CA. Prafulla P. Chhajed
President, ICAI
Vice-President's Message
The Committee on Management Accounting (CMA) has been constituted by the Institute of
Chartered Accountants of India to focus on special contributions, the profession of Chartered
Accountancy has been making, in the field of Management Accounting and allied areas and to
develop further expertise in that area. The Committee on Management Accounting provides
advanced Knowledge and specialized training on various areas of Management Accountancy,
including finance and other allied subjects. ICAI launches a Diploma on Management and
Business Finance (DMBF) to impart the nitty-gritties of finance to the members of the Institute.
A very comprehensive and wide course curriculum has been formulated by the Committee.
The course will provide an in-depth and comprehensive knowledge of theoretical as well as
practical aspects of Business Finance to the participants.
I hope that this endeavour of the Committee on Management Accounting will prove to be of
immense value to the members.
CA. Atul Kumar Gupta
Vice-President, ICAI
Chairman's Message
The Committee on Management Accounting provides advanced Knowledge and specialized
training on various areas of Management Accountancy, including finance and other allied
subjects.
ICAI launches a Diploma on Management and Business Finance (DMBF) Course to cater to the
growing demand of dynamic growth of Business & Finance. The DMBF course will provide a
comprehensive knowledge of theoretical as well as practical aspects of Business Finance both
at national and international levels. This will help the candidates to make a better career both in
industry or professional practice. The DMBF curriculum is comprehensive and aligned to the
requirements of senior as well as young members who aim at accelerating their career.
DMBF Course is designed to amplify the business finance skills of Chartered Accountants and
enabling them to become business leaders.
The Committee has collaborated with a reputed Business School (JBIMS) for jointly conducting
one week Residential Programme which will give practical insights to the members on
management concepts , leadership skills and decision making for carrying out their
management functions more efficiently and effectively.
CA. Ranjeet Kumar Agarwal
Chairman, CMA
Vice-Chairman's Message
A specialized Diploma Course on Management and Business Finance (DMBF) has been
developed by the Committee. For launching this Diploma Course on Management & Business
Finance, the Committee has worked on the course curriculum and syllabus of the same. The
course would provide unique mix of eminent faculty comprising of academicians from leading
B-schools and senior professionals from industry like credit rating agencies, investment bankers,
private equity firms, portfolio managers etc and Focus on Indian market and relevant
regulatory / tax considerations etc in theory as well as projects.
CA. Chandrashekhar Vasant Chitale
Vice-Chairman, CMA
About ICAI · Unique mix of eminent faculty comprising of
· Statutory body set up by an Act of Parliament in academicians from leading B-schools and senior
1949. professionals from industry like credit rating
· Encompasses the role of standard setter, regulator agencies, investment bankers, private equity firms,
and developer of accountancy profession in India. portfolio managers and faculties from renowned
· Founder member of International Federation of management institutes.
Accountants (IFAC), South Asia Federation of · Fo cu s o n I n d i a n m a r ke t s a n d re l ev a n t
Accountants (SAFA) and Confederation of Asia regulatory/tax considerations etc. in theory as well
Pacific Accountants (CAPA). as projects.
· Core Values Independence, Integrity and · Innovative practical application of theoretical
Excellence. inputs in the form of projects, assignments,
presentations before technical panels, group
Course Objectives discussions etc.
· To enable members gain acumen, expertise and in- · One Week Residential Programme in association
depth knowledge in the areas of Management and with Jamnalal Bajaj Institute of Management
Business Finance. Studies (JBIMS), Mumbai - dedicated training at a
· The programme allows professionals to gain deep residential campus of ICAI with state of art facilities
strategy and leadership insights, specialize in and continuous access to eminent faculty, intense
Finance and enhance their decision-making brainstorming and projects under expert guidance.
abilities as well as strengthen their managerial · 150-160 hours of classroom sessions to bring
skills. balance in perspective between theory and
· Introduce participants to recent developments in application.
theory and practice through multiple case studies · Healthy mix of students to enhance knowledge
of management relating to core business functions sharing and creating positive synergies.
and disciplines. · Rigorous testing procedures: Exams and projects
· To sharpen the managerial competencies and skills designed in a manner to ensure high quality pass
of the members so that they can contribute to the outs which has been the hallmark of ICAI.
clients/organizations/firms they work for, more
effectively and diligently. Pedagogy
· To provide a framework for business finance while Lectures of approx. 150-160 hours, one-week
giving practical advice when using the framework residential programme, project work, case studies,
in its application to operational situations on group discussions and participant-centered learning
finance side. pedagogies will be used in the programme. The
· To gain a competitive edge in their decision programme will also include speaker sessions from
making by providing them with advanced reputed institutes.
knowledge and understanding of some of the very
important areas in finance. Who May Attend ?
· To provide an opportunity to the participants to The programme is meant for CAs who have chosen to
understand their self, explore their personal work with corporate sector (Indian/MNCs,
leadership philosophy and style, with a view to large/midsize/small firms), own or work for large CA
reinventing their leadership skills. firms, or consultancy firms etc.
Course Highlights
· The DMBF curriculum is comprehensive and
aligned to the requirements of senior as well as
young members who aim at accelerating their
career.
Course Contents
The Diploma course on Management & Business
Finance comprises of the following six subjects
Subject : STRATEGIC MANAGEMENT
1 One Week Residential Programme with
Module : Perspectives of Management
1 Jamnalal Bajaj Institute of Management
Module : Organization Behavior: HR Perspective
2 Studies (JBIMS), Mumbai
Module : Marketing and Business Strategy
3
Module : Applied Financial Analysis &
4 Committee on Management Accounting of ICAI has
Forecasting collaborated with Jamnalal Bajaj Institute of
Module 5 : Long Term Investment Analysis
Management Studies (JBIMS), Mumbai to conduct the
one-week residential training program for the members
Subject 2 : CAPITAL STRUCTURING AND
INVESTMENT who have enrolled for DMBF course with the CMA of
Module 6 : Financial Planning ICAI. The participants would also be awarded with a
Module 7 : Capital Structuring joint certification of ICAI and JBIMS, Mumbai after
Module 8 : Fund Raising successfully participating in the one-week residential
Module 9 : Portfolio Management programme.
Module 10 : Alternative Investments
The residential programme shall be held at ICAI Centre
Subject 3 : CAPITAL AND FINANCIAL MARKETS of Excellence, Hyderabad / Jaipur. The faculty support
Module 11 : Capital Markets shall be provided by JBIMS, Mumbai. The travel cost
Module 12 : Regulatory Framework of Capital shall be borne by the participant only.
Markets
Module 13 : International Capital Markets Master Faculty
Module 14 : Debt Markets The course would be taught by renowned faculties
Module 15 : Fixed Income Securities some of them like:
Module 16 : Money Market
CA. Dr. Vibha Jhol: FPM (Industry) - IIM, Indore
Subject4 : FOREX AND TREASURY
Prof. Hirnank Mazumdar: Visiting Faculty
Module 17 : Foreign Exchange Markets
Xavier Institute of Management & Research, Mumbai
Module 18 : Forex Arithmetic
Module 19 : Exchange Rates Theories CA. Vikram Pandya: SP Jain School of Global
Module 20 : Forex Risk Management Management, Mumbai
Module 21 : Forex Derivatives (products, valuation CA. Biharilal Deora: Director Abakkus Assets
and uses in hedging) Manager LLP, Mumbai
Module 22 : Treasury Management CA. Vikram Menda: ISB, Hyderabad
CA. Dr. Sangeeta Pandit: Sydenham Institute of
Subject 5 : VALUATIONS, M & A AND Management Studies, Research & Entrepreneurship
RESTRUCTURING Education, Mumbai
Module 23 : Business Valuation Dr. Udayan K. Basu: NSHM Knowledge Campus,
Module 24 : Valuation of Intangibles Kolkata
Module 25 : Valuation of Options CA. Nitesh Bhuta: Visiting Faculty NMIMS,
Module 26 : Issues & Challenges in Valuation SIMSREE
Module 27 : Valuation - Regulatory Perspective
Module 28 : Corporate Restructuring Course Duration:
The Diploma Course on Management and Business
Subject 6 : BANKING AND RISK MANAGEMENT
Finance is approximately of a one-year course. It
Module 29 : Banking and Trade Finance
includes 150-160 hours of class room training
Module 30: Banking Functions and Products
Module 31: NPA Management sessions, one week Residential programme and
Module 32 : AML, IBC & Compliances multiple choice questions based examinations with
Module 33 : Risk Analysis internal assessments.
· 5 CPE Hours after appearing in the examination.
Session Timings:
Classroom sessions will be held on every 2nd and 4th Registration:
Friday & Saturday. Classes will be held on Friday from
6 pm to 9.30 pm including tea, snacks and on Who is Eligible ?
Saturday from 10 am to 6 pm including tea, snacks Only a Chartered Accountant with an active
and lunch being provided during the classes. membership status, shall be admitted to DMBF.
Placement Assistance: Where to Register ?
ICAI would endeavor to provide placement assistance Links for registration and online payment:
to the candidates who would qualify the Diploma on For Delhi: https://ccm.icai.org/?progid=2581
Management and Business Finance Course (DMBF). For Mumbai: https://ccm.icai.org/?progid=2580
Course Fee: Kindly visit Institute's website at link
(1) Course Fees: The total fees of the course including https://learning.icai.org/elearning for the information
classroom training and One-Week residential regarding commencement of the fresh batches of
programme and excluding examination fees is DMBF. For details about course, please get in touch with
Rs. 1,00,000/- (Rupees One Lakh) plus applicable Committee Secretariat.
taxes, if any.
(2) One-Week Residential Programme fees: The Date of Commencement of Registration 01.11.2019
residential programme fee is included in the total
course fees mentioned above. The residential Last Date of Registration 15.11.2019
programme fee includes stay costs, food expenses at
ICAI Centre of Excellence, Hyderabad / Jaipur. Date of commencement of course on 29th November,
However, the travel cost will be borne by the participant 2019 at Mumbai and on 13th December, 2019 at
only. Delhi, subject to having minimum 40 participants.
(3) Examination Fees: The examination fees will be as
decided by the Examination Committee. How to obtain Prospectus?
The Prospectus is available at Institute's website at link
Attendance: https://resource.cdn.icai.org/57278cma46385.pdf
A candidate must mandatorily fulfil the Minimum and can be downloaded free of cost.
Attendance criteria of 75% of the total classroom
sessions and 100% in the residential programme. How to make Payment?
Payment for the Course can be made Online through
Eligibility criteria for appearing in the payment gateway through the links
examinations: https://ccm.icai.org/?progid=2581 or
For appearing in the examinations, a candidate needs https://ccm.icai.org/?progid=2580
to fulfil the minimum attendance criteria as mentioned
above. Note:
Please note that payment of fee is subject to cancellation
CPE hours: charges i.e. 10% of gross fee paid, in case the
The maximum CPE Hours granted for the course would cancellation request is placed by the participant before
be 30 CPE hours as under starting of batch. However, the course fee once paid is
· 25 CPE Hours on completion of training with non-refundable / non-adjustable once the batch
necessary attendance commences.
Members-CMA
CA. Ranjeet Kumar Agarwal CA. Chandrashekhar Vasant Chitale CA. Prafulla Premsukh Chhajed CA. Atul Kumar Gupta CA. Jay Chhaira CA. Tarun Jamnadas Ghia
Chairman Vice-Chairman President, ICAI Vice-President, ICAI
CA. Dheeraj Kumar Khandelwal CA. Babu Abraham Kallivayalil CA. Prasanna Kumar D CA. M P Vijay Kumar CA. Manu Agrawal CA. Anuj Goyal
CA. Sanjeev Kumar Singhal CA. Kemisha Soni CA. Pramod Kumar Boob CA. Satish Kumar Gupta CA. Charanjot Singh Nanda Shri Vijay Kumar Jhalani
Co-opted Members
CA. Julfesh Shah CA. Vishnu Agarwal CA. Sandeep Sultania CA. Dr. Ashokkumar N Pagariya CA. Dr. Sangeeta Pandit CA. Sunay P. Jariwala
The Institute of Chartered Accountants of India
(Set up by an Act of Parliament)
ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi - 110002
Phone: +91 011-30110469 I Email Id: cma@icai.in
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