WHAT IS CMA? PLEASE EXPLAIN IN DETAIL. HOW TO PREPARE CMA BOOKS FOR BANK OD PURPOSE?
4 Replies
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 02 April 2010
CMA Data (for bank loan purposes) is a financial statement, which decides your eligibility of borrowing. Format will be available with your concerned bankers. You have to request for the format, get a Xerox copy done, return the original to your bankers without fail, and prepare the CMA Data on the basis of the Xerox copy available with you. Ask your auditors if they are ready to do the job for you, it will be better rather than venturing to do it yourself.
regards,
ratan
Sachin
(Infrastructure Finance)
(32 Points)
Replied 06 April 2010
CMA is a format in which u need to put financials of co. generally 3 yr audited fin and 2 yr future financials are puuted it gives comparision to banker. Also u need to justify assumptions on future financial
every bank has its own CMA format
SACHIN KUMAR GARG
(Final Student)
(105 Points)
Replied 06 April 2010
Sir i think
CMA Means Cost and Management Account
CAM Means which was explain by Sachin (CMA is a format in which u need to put financials of co. generally 3 yr audited fin and 2 yr future financials are puuted it gives comparision to banker. Also u need to justify assumptions on future financial every bank has its own CMA format ). CAM (Customer Apraisal Memo)
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
