Skip to main content

New Year Resolution 2009

I was reviewing my New Year resolution for the year 2008 and  taking stock of whether I have achieved of what I thought in 2008. My focus last year was on networking management accountants across the globe and also make them known in the industry.

With help, advise and efforts of active management accountants, we were able to achieve the following:
  1. CMA India Portal: The CMA Portal was given the final shape with the efforts of CMA B V Prabhakar, RV, Ramesh Joshi, Devarajan, Ashutosh and many more. Today the portal has 770 members which includes members from other profession and business. The focus of the portal has been quality discussions and actions, particularly discussing business events in India and globe. The members who are active are likely to be known in the accounting fraternity. Readers will be benefitted from the discussions.
  2. CMA India Portal on Linkedin: This was suggested by CMA Devarajan so that we would be able to connect to other professionals. A profile on linkedin is a passport for networking. and ideal substitute for a website. I would suggest you create your profile on linkedin and join CMA India Portal Linkedin. Today the membership is 29 and will definitely grow. This will ensure that you are always connected with us some way or other.
  3. Management Accountant Blog: The blog moved on to it own domain and I have a personalised email id associated with the domain name. The alexa ranking today is 678,162. I will strive for ranking around 100,000 which is an indicator of how the blog is ranked in the search engine results. I will look forward to your support to use various social networking tools like digg, stumbleupon or yahoo buzz on the articles posted.
Being a member of ICWAI, I am proud to say ICWAI has achieved a lot in the last year. Some of them are
  1. Number of seminars hosted by ICWAI has increased and this should bring our institute closer with the industry,  members and other stakeholders.
  2. ICWAI website has been improved a lot. Few suggestions I have made are implemented. I would sending them suggestions on a regular basis.
  3. ICWAI signs MOU with CIMA, UK: This is a good indicator of qualification going global. The MOU will definitely help to the members to work globally without being to explain everytime who they are. This agreement will serve to both strengthen the professional accounting links between two of the world’s leading economies and provide highly skilled professional accountants for the global labour market enabling both institutes to work together to enhance recognition of the profession and their professional bodies.
My New Year Resolution 2009
  1. iPhone and look alikes: The reason iPhone/iPod is a marketing success is because it does what you want with the touch on its screen. It is user friendly, innovative and people like it because of positive experience using it. I would be focussing on articles that will bring you more closer to business.
  2. Business and Social Networking: This resolution will continue. My efforts will be to connect all the management accountants with the business. The objective is the management accountants should be the first choice for the business.
  3. New Technologies on the internet: It is said, one who controls the technology ,controls the world. Romans dominated the world because they built roads, British dominated because they built ships and Americans dominate the world as they have advanced technology on weapons. Management Accountant of today has to follow a similar route in  the workplace. This will include in depth knowledge on ERP solution, Business Processes, Office applications and usage of tools on the internet to gain knowledge and provide solutions to the business . E.g. Social networking sites Twitter, Facebook and linkedin were considered to be joke on the internet when they started. They are now  a disruptive technologies which are very popular. Join me on Twitter . Use add-on on your Firefox browser to keep in tune with the latest. I will be focussing on some of the technologies on the internet.
Just as last year, please post your comments and views.

Wish You and Your Family a Very Happy and Prosperous New Year 2009

Do you like this article. To receive updates first


cma gururajan said…
Hi Santosh,

Its nice that you have achieved significantly on your Newyear 2008 resolutions. The highlight of the achievement is the floating of a seperate website for CMA members of India at Inform me. I see this as a significant achievement. Also equally worthy is your effort in creating awareness among CMA's on networking using IT. These are great leaps which would help recognition of Indian Management Accountants.

In this regard I wish that I suggest some improvements for the CMA portal. Is it possible to use RSS feeder facility in CMA India.

With regard to your 2009 resolution I wish you great success.


Gururajan C.K.
Unknown said…
Hi Santosh,

It was a great year 2008 for ICWAI with achievements as mentioned by you.

CMA INDIA PORTAL is a very good achievement for which the major credit should go to you for taking such a great initiative.

I trust 2009 will be even a greater year for Indian CMAs as already it has begun auspiciously with signing of MOU with CIMA.

All the best for 2009 to you and all Indian CMAs!!!

Best Regards,
CMA Prabhakar BV
santoshputhran said…
Gururajan C.K., ->

The standard informe portal does not have RSS facility but has a very feature of subscribing to the board or bookmarking the topics. This would notify the user by email whenever any updates are made on the portal.

How do I subscribe ?

I would request you to use the facility and give a feedback on the portal.

I will find out of any way of incorporating the facility of RSS in the portal.

Prabhakar ->

You are a prolific in posting the messages and discussion. That's helps to keep the portal live and going. You must have observed that topics like business events in India helps the management accountants to think out of the box.

Our objective for the portal is not only to reach out to the management accountants but to reach the general public in large. This should create awareness about the specialist profession like ours.



Popular posts from this blog

Poll : Does CIMA, UK qualification add value

Poll : Does pursuing CIMA, UK qualification add value to a member of ICWAI, India ? Vote on the poll and share your thoughts by commenting the blog. Poll: Vote here I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting. However if you pursue qualification like Company Secretary or CPA or ACCA , your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills. Which one promotes you as professional better against your name: AICWA, ACMA or AICWA, ACS or AICWA, CPA or AICWA, ACCA Widgets Regards, Santosh

Learning Curve Theory

Learning Curve Theory is concerned with the idea that when a new job, process or activity commences for the first time it is likely that the workforce involved will not achieve maximum efficiency immediately. Repetition of the task is likely to make the people more confident and knowledgeable and will eventually result in a more efficient and rapid operation. Eventually the learning process will stop after continually repeating the job. As a consequence the time to complete a task will initially decline and then stabilise once efficient working is achieved. The cumulative average time per unit is assumed to decrease by a constant percentage every time that output doubles. Cumulative average time refers to the average time per unit for all units produced so far, from and including the first one made. Major areas within management accounting where learning curve theory is likely to have consequences and suggest potential limitations of this theory. Areas of consequence: A Standard

Resistence to Change - Approaches of Kotter and Schlesinger

The Six (6) Change Approaches of Kotter and Schlesinger is a model to prevent, decrease or minimize resistance to change in organizations. According to Kotter and Schlesinger (1979), there are four reasons that certain people are resisting change : Parochial self-interest (some people are concerned with the implication of the change for themselves ad how it may effect their own interests, rather than considering the effects for the success of the business) Misunderstanding (communication problems; inadequate information) Low tolerance to change (certain people are very keen on security and stability in their work) Different assessments of the situation (some employees may disagree on the reasons for the change and on the advantages and disadvantages of the change process) Kotter and Schlesinger set out the following six (6) change approaches to deal with this resistance to cha