President’s Message on DMBF :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 environmentintense 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 developmentsaking place. In order to enhance their knowledge, it has become 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 offinance 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 mem