Logic school of management

LOGIC SCHOOL OF MANAGEMENTOne of Kerala’s premier organization aiming to mould globally competitive finance/business professionals. Logic has extended its operations to Bangalore since January 2010.

Parent organization – Logic Software Solutions Ltd- Cochin based IT Consulting firm specialized in design, development and integration of custom-built business systems and solutions using advanced Internet, electronic commerce and client server technology since1996.

Sister Concerns• Logic software training• Logic HR Consultancy

PATRONS & ADVISORY MEMBERSPatronage• Mr. Biju Joseph (Chartered Accountant)• Mr. Paul Joseph (Management Professional)• Mr.Vinod Chandran (Chartered Accountant)

Governance Mr. Santosh Kumar M.Com,(CMA),CA(Inter),ICWAI(Inter) – Chief Advisor Mr. Balachandran C (Career Consultant)

Advisory Committee Fr. Baiju VadakkumcheryH. Subhalakshmi BA,LLB ( Ex.Secretary,Indian Federation of Women Lawyer’s

Chapter)Dr.Rathish Ambat (Corporate Trainer)Mr.Venkatmani (International trainer for youth and corporate)

Prof.K.P.John (Retd.HOD,Botony,St.Thomas College,Thrissur)Adv.Jacob George ThekkinedathMr.P.S.Shaji (Chartered Accountant)Mr.Pradeep ( M.Tech,MBA)Mr.Suneer Mohammed M.Com (CMA)

COURSES OFFERED

Courses offered through Cochin & Bangalore Branches:

*Certified Management Accountant(CMA),USA *Certified Public Accountant (CPA),USA

*Integrated Professional Competency Course

(ICAI, India) &Common Proficiency Test ( ICAI, India)

*B. Com(Taxation) (M.G. University)

FACULTY & ACADAMIC SUPPORT SYSTEM

• Well experienced faculty base including CA’s, CMA’s, CPA’s, MBA’s etc.

• Resource library and Web facilities

• Strong study support system from internationally best HOCK International (for CMA)and BISK (for CPA)- Study materials ,software and web support .

• Preparatory and doubt clearance sessions in addition to regular sessions.

• Mock exams and soft skill development sessions.

CERTIFIED MANAGEMENT ACCOUNTANT (CMA)

International professional qualification in Financial Management and Management Accounting.

Recognized by Institute of management Accountants(US).

An average of 6-9 months time to qualify the exam 75% objective questions Online exams Average pass percentage-55%-60% Salary much higher compared to non-certified

professionals.

CMA details continuedEligibility• Graduation• Students doing graduation can also appear for the exam.• Two years experience in financial management related field

prior to or within 7 years of passing the exam.

Procedure• Be a member of ima• Register for the two part exam• Qualify the exam• Satisfy the Experience Qualification

CMA details continuedPAPERS

1.Financial planning, performance and control :

• A. Planning, budgeting and forecasting (30%)

• B.Performance management(25%)

• C. Cost management(25%)

• D. Internal controls(15%)

• E. Professional ethics(5%)

CMA details continued

2.Financial Decision Making

• A. Financial statement analysis(25%)• B. Corporate finance(25%)• C. Decision Analysis and Risk

Management (25%)• D. Investment decision(20%) • E. Professional Ethics(5%)

CMA details continued

EXAM DETAILS• Schedule-three testing window periods-

January, February; May, June; Sept, October.

• Online exams through Prometric testing centers

• Cannot take an exam part more than once during a testing window

Key Features of the Program (CMA)...• CMA certificate can be obtained in a short span of time (On an average 4 to 6 months).• • Last year IMA Signed Joint Partnership with ICWAI of India; Mutual Recognition

between CMA and ICWAI Certificates.• • If a student appears the CMA two part exam anywhere outside India and qualifies he/she will be eligible

to apply for ICWAI membership and certificate.• • Academic support through direct coaching classes and web based platforms - which enable students to

interact with the faculty. An excellent tool to network with other participants across the globe.• • The case studies enable participants to widen the horizon.• • Study material developed by industry & academic practitioners, which enables you to apply the learning to

the real life situations.• • Examinations conducted worldwide, so the program can be pursued from any part of the world.• • Online exam. 75% objective type questions. No negative marks.• • Average monthly salary of $2000/- per month as per IMA standards

Certified Public Accountant (CPA)

A license issued by one of the 55 states or territories of US –authorize holder to practice as a certified public accountant in that jurisdiction.

Designed to ensure only qualified individuals become CPA’s

Educational requirement

• Determined by individual state board of Accountancy.

• Minimum educational requirement to sit for U.S CPA exam is generally a 4 year university degree .

• Typical requirement is a U.S. bachelors degree-includes a minimum of qualifying credit hours in and business administration with an 1 year additional study. This requirement for 5 years study is known as the “150 hour rule” and has been adopted by majority of state boards.

• The states requiring only 4 years – California, Colorado, Delaware, New Hampshire, Vermont, Virgin Islands.

CPA details continued

Examination Process 1.Apply to take the Examination (request, complete,

and submit an application)

2. Payment of Examination Fees

3. Candidates are required to review the tutorial and sample tests

4. Receive your Notice to Schedule

5. Schedule your Examination

6. Take your examination

7.Receive your score reports

CPA details continued

CONTENT

1.Auditing and Attestation (AUD) • Engagement Acceptance and Understanding

the Assignment • Understanding the Entity and Its Environment • Performing Audit Procedures and Evaluating

Evidence • Evaluating Audit Findings, Communications,

and Reporting • Accounting and Review Services Engagements • Professional Responsibilities

CPA details continued

2.Business Environment and Concepts (BEC)

• Corporate Governance • Economic Concepts and Analysis • Financial Management • Information Systems and Communications • Strategic Planning • Operations Management

CPA details continued

3.Financial Accounting and Reporting (FAR) • Conceptual Framework, Standards, Standard Setting,

and Presentation of Financial Statements

• Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures

• Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures

• Governmental Accounting and Reporting

• Not-for-Profit (Non-governmental) Accounting and Reporting

CPA details continued

4.Regulation (REG)

• Ethics, Professional, and Legal Responsibilities • Business law • Federal Tax process, Procedures, Accounting,

and Planning • Federal Taxation of Property Transactions • Federal Taxation of Individuals • Federal Taxation of Entities

LOGIC SCHOOL OF MANAGEMENT

Percentage value of each Examination component

Auditing and Attestation (AUD)(4 hrs.), Financial Accounting and Reporting (FAR)(4 hrs.), and Regulation (REG)(3 hrs.):

multiple-choice 60% Task based simulations 40%

Business Environment and Concepts (BEC) (3 hrs.): multiple-choice 85% written communication tasks 15%

CPA details continued

CPT(Common Proficiency Test)• An entry level examination for admission to the

Chartered Accountancy Course.

• An objective test, with questions covering accountancy, mercantile law, economics and quantitative techniques.

• Exams will be held twice a year.

• Test will be of 4 hours duration divided into 2 sessions of 2 hours each. Each session consists of two sections with a total of 100 marks. A multiple choice examination with negative marking.

• To qualify the CPT, a student has to obtain an aggregate of 50% marks.

INTEGRATED PROFESSIONAL COMPETENCY COURSE –  IPCC

(ICAI, INDIA)• The unique feature of the entire theoretical education

of the Chartered Accountancy curriculum is the supportive and complimentary practical training.

• A student would undergo theoretical education and 3 years of practical training after passing Group - 1 of IPCC/Accounting Technician (Level - 1).

• This balanced approach will help the students to appreciate the underlying practical education scheme.

Features of Logic :• Unmatched record of results.• Classes handled by CA’s, CMA’s, M. Tech’s• Chapter wise test paper on every topic• Covering above 5000 questions• Anytime doubt clearing facility• Individual attention to students• Online exam training• Soft skill development classes• Stress relaxation programs• Business communication classes