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cma data

245 views 2 replies

Gaurav Ghai

58 Points Joined August 2017

what is CMA DATA in accounting? why it is required for a bank over draft sanction??

Replies (2)

For Bank- CMA-Credit Monitoring Arrangement. CMA Data is used by banks to work out eligiblity for bank finance. Bank verify and observe it while sanctioning loan to the borrower.

For Professional Institute Member- CMA denotes Cost and Management Accountant.

Vinod Babu

24196 Points Joined May 2018

Full form of CMA data is Credit Monitoring Arrangement data. It is the report to be presented to bank to show your past financial history, current financial position and future financial planning.It covers 7 statements related to finance.