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Be A Proud Professional Cost and Management Accountant
Be A Proud Professional Cost and Management Accountant
MISSION
THE INSTITUTE’S MISSION IS TO DEVELOP, EQUIP AND PROMOTE COST AND MANAGEMENT
ACCOUNTANCY PROFESSION BY MAINTAINING THE HIGHEST PROFESSIONAL STANDARD OF
ITS MEMBERS IN ORDER TO ENABLE THEM TO PROVIDE BETTER SERVICES TO THE SOCIETY.
THE INSTITUTE IS ENTRUSTED WITH THE FORMULATION AND IMPLEMENTATION OF
NATIONAL ACCOUNTING AS WELL AS COST ACCOUNTING STANDARDS AND TAKING OTHER
NECESSARY STEPS WITH A VIEW TO REGULATING THE COST AND MANAGEMENT
ACCOUNTING PROFESSION COMMENSURATE WITH GLOBAL STANDARD WITH THE ULTIMATE
OBJECTIVE OF DEVELOPING BANGLADESH’S HUMAN AND NATURAL RESOURCES TO
ENSURE COMMON WELFARE AND TO ENRICH OUR SHARED FUTURE.
A PROFOUND TRIBUTE REMEMBERING THE
TO THE FOUNDER OF 1ST PRESIDENT OF
ICMAB ICMAB
Late Ruhul Quddus FCMA (F-0001), born 2nd April Late A. N. M. Hamidullah was the first President of
1928, obtained "Cost and Management Accounting" ICMAB during 1972–1974. He was also the first governor
degree from Canada in 1958. He played a pioneering role of Bangladesh Bank, the central bank of Bangladesh. As the
in the development of the Cost and Management first President of the Institute, he contributed a lot to the
Accounting profession in Bangladesh and founded development of the ICMAB.
ICMAB. He was the President of ICMAB for a long period
from 1975 to 1986. He left us on 28th September
2002.
04 ABOUT ICMAB
06 WHY ICMAB
07 TRANSFORMATIONAL MODEL OF ICMAB
08 ADMISSION INFORMATION
09 CLASS TIMINGS
10 ENTRY CRITERIA
11 FEES AND CHARGES
17 EXEMPTION POLICY
19 CURRICULUM
20 FACILITIES
21 LEARNING MANAGEMENT SYSTEM (LMS)
23 LIFE AT ICMAB
24 SKILL DEVELOPMENT PROGRAM (SDP)
THE INSTITUTE
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is a Professional Accountancy Organization (PAO)
in Bangladesh established with the prime objective of providing Cost and Management Accountancy (CMA) education as well
as promoting and regulating the CMA profession in the country. The Institute also facilitates research in relevant fields.This is
the sole institute in the country to set Cost Audit Standards.
LEGAL STATUS
ICMAB is a statutory organization constituted by the Government of Bangladesh under the Cost and Management Accountants
Ordinance 1977 (Ordinance No LIII of 1977). The institute is regulated by the Cost and Management Accountants Regulations
1980 (as amended up to date). Thereafter, The Cost and Management Accountants Ordinance 1977 has been replaced by the
Cost and Management Accountants Act 2018 (Act No. LXX of 2018) published in the Official Gazette on 14th November
2018. ICMAB is a member of leading regional and global organizations for the accountancy profession including the International
Federation of Accountants (IFAC), Confederation of Asian and Pacific Accountants (CAPA), and South Asian Federation of
Accountants (SAFA).
04
LEGACY OF THE INSTITUTE
The institute has a long heritage of rendering professional services to the
nation. The journey of the glorious profession of Cost and Management
Accounting began in the pre-independent Bangladesh with the founding of a
branch of erstwhile the Pakistan Institute of Industrial Accountants (PIIA) in
1958. ICMAB started a fresh journey towards success and prosperity in independent
Bangladesh, when the profession entered into a new era. In 1972, the Institute
was re-established in the name of Bangladesh Institute of Industrial Accountants
(BIIA). Since inception, the members of the institute through their excellence in
various fields proved their credibility in the national and international outfit which
started building the credentials for the institute for gaining acceptability from all
concerned and to attain the confidence of the government and business community
of the country. With the changing need of time the Government of Bangladesh
renamed it as The Institute of Cost and Management Accountants of Bangladesh
(ICMAB) through the promulgation of The Cost and Management Accountants
Ordinance 1977 (Ordinance No. LIII of 1977), which has been replaced by a new
Act of Parliament titled “Cost and Management Accountants Act 2018” (Act No.
LXX of 2018).
05
FOCUSING ON
FOCUSING ON MAXIMIZING PROFIT
BUSINESS
MORE THAN
FINANCIAL
TAKING YOU ACCOUNTING
AROUND THE WORLD SERVICES
WHY
ICMAB
MORE CAREER OPTIONS MANUFACTURING AND
MARKETING SUPPORT
SYSTEM
CONTRIBUTING TO
ADVANCEMENT AND
SUSTAINABILITY SUPPORTING THE
INVESTORS
CONTRIBUTING IN
OPERATIONAL
PERFORMANCE
EVALUATION
06
01
STEP
03
STEP
05
STEP
ICMAB: CONTINUOUS
INITIAL PROFESSIONAL
PROFESSIONAL
DEVELOPMENT DEVELOPMENT
(IPD) (CPD)
STUDENTS: QUALIFIED
CMAS PRESTIGIOUS
ASPIRING CAREER IN JOB
PROFESSIONAL AND
ACCOUNTANTS PROFESSIONAL
PRACTICE
02
STEP
04
STEP
07
ADMISSION INFORMATION
ICMAB offers both coaching and correspondence courses to make it suitable
for potential candidates. Under coaching mode, the students are required to
attend minimum qualifying number of classes (at least 75%) for sitting in the
examination. However, under correspondence mode, they are required to
comply with “knowledge Assessment Test” formalities on particular subjects
to sit for the exam. Students based on their needs may choose either coaching
or correspondence mode.
Usually, the following schedule is followed for admission which may be slightly
relaxed at the discretion of the institute depending on the circumstances.
Documents to be submitted
SESSION for admission
January-June
July-December
ICMAB offers flexible Photocopy of Recent colour 2 copies of
COACHING ADMISSION TIME Online Admission all academic photograph money receipt
Certificates and (1 passport after payment
Transcripts and 1 stamp in case of
December-January offline payment.
along with size)
original copies
June-July
Go to erp. Choose Entry Verify the
CORRESPONDENCE icmab.org.bd Route, fill up relevant N.B. ORIGINAL COPIES WILL BE RETURNED AFTER VERIFICATION.
ADMISSION TIME the form and documents
and see the submit online,
Guideline pay the fees by ICMAB
December-March
June-September
08
CLASS TIMINGS
ICMAB offers convenient class timings during weekdays
and weekend in its all branches as follows:
09
ENTRY CRITERIA
ICMAB Opens the door of studying prestigious Cost and Management Accountancy courses for HSC or equivalent passed students. Now the
institute has widened the scope to cater to the needs of the society in line with the international Professional Accounting Organizations (PAOs).
The institute now offers three different entry routes based on previous academic achievements.
S.S.C and H.S.C ‘O’ and ‘A’ Levels ‘O’ Level and H.S.C S.S.C or equivalent
or equivalent Examination or equivalent Examination Examination and ‘A’ Level
Under GPA System For ‘O’ Level For ‘O’ Level: For S.S.C or equivalent
Minimum total GPA 6.50 is required Minimum 30 points are required in Minimum 30* points are required Examination:
in SSC and HSC or equivalent 5 subjects (excluding mother in 5 subjects Minimum GPA 3.00 is required
Examinations with at least language)
GPA 3.00 in each exam. For ‘A’ Level: * Follow the point computation For ‘A’ Level:
Minimum 12 points are required in 2 legends specified under ‘O’ and ‘A’ Minimum 12* points are required
Under Division System
subjects Levels requirements in 2 subjects
Minimum total 5 points is required.
Points to be calculated as follows: Points to be calculated as follows: For H.S.C or equivalent *Follow the point computation
Grade A = 10 points legends specified under ‘O’ and ‘A’
First division = 3 points Grade B = 6 points Examination:
Second division = 2 points Grade C = 4 points Minimum GPA 3.00 is required Levels requirements
Third division = 1 point N.B. No point to be considered for
grade(s) less than ‘C’
10
PROFESSIONAL
GRADUATE ENTRY ROUTE COST &
MANAGEMENT
This route applies to any aspiring graduate candidate, ACCOUNTANT
CGPA 3 or above (out of 4) & CGPA 4 or above (out of 5) / First Class = 3 Points
CGPA 2 to less than 3 (out of 4) & CGPA 3 to less than 4 (out of 5) / Second Class = 2 Points
CGPA less than 2 (out of 4) & CGPA less than 3 (out of 5) / Third Class = 1 Point
11
FEES AND CHARGES
The Institute of Cost and Management Accountants of Bangladesh offers world-class education and
qualification at an affordable price. The fees and others charge of ICMAB is given below:
FIRST TIME ADMISSION FEES (INCLUDING COURSE FEE) IN BDT
ENTRY ROUTES IER/GER PER
LEVEL OF ENTRY FOUNDATION LEVEL Entry Level & Fees will
be determind on case to
Admission Form Fees 500 case basis
Admission Fees 12,000
Registration Fees 5,000
Annual Subscription 1,500
Library Card Fees 300
Identity Card Fees 500
HSC or equivalent examination passed students, Graduate, and Post-graduate students will
get admitted at Foundation Level as Entry Level in ICMAB under the New Curriculum 2021.
12
COURSE FEES FOR EACH LEVEL (IN BDT)
Foundation Level (FL)
(Included with first time Admission Fees)
PARTICULARS COACHING &
CORRESPONDENCE FEES
INTERMEDIATE LEVELS
Intermediate Level-I (IL-I)
PARTICULARS COACHING &
CORRESPONDENCE FEES
13
Intermediate Level-II (IL-II)
Total 10,000
LMS (CMASPACE) Fee for One Session 1,500
ADVANCED LEVELS
Advanced Level-I (AL-I)
PARTICULARS COACHING &
CORRESPONDENCE FEES
14
Advanced Level-II (AL-II)
PARTICULARS COACHING &
CORRESPONDENCE FEES
15
DE-NOVO FEES IN BDT (WHEN THE VALIDITY OF REGISTRATION EXPIRED)
Particulars Fees
Total 10,500
Coaching Fee
1,000
(Applicable for attending repeat classes)
HURDLE
16
EXEMPTION POLICY
Students from all public universities and selected private universities* will be granted for 3 (three) subjects exemptions in Foundation Level
except paper FR-111. Fundamentals of Financial Accounting (FFA) subject to fulfilling the following conditions:
Accounting
BBA CGPA 3.00 (out of 4.00)
or
AIS
or
4 years B.Com/ CGPA 3.00 (out of 4.00) or
Finance 50% marks in Traditional TA112: Business Quantitative
BBS (Hon’s) or Assessment System Analysis (BQA)
All Public Management
Universities or EF 113: Business Economics &
3 years B. Com (Hon’s) 50% marks (separately)
MIS in Traditional International Business (EIB)
Plus 1 year Master Assessment System
or
Banking & Insurance MS 114: Fundamentals of
or 50% marks in Traditional Management & Business
3 years B. Com (Hon’s) Communications (MBC)
Plus MBA Marketing Assessment System
and CGPA 3.00 (out of 4.00)
Accounting
Selected or
Private BBA AIS CGPA 3.25 (out of 4.00)
Universities or
Finance
* (Exemption eligibilities from selected private universities are subject to the decision of the institute’s authority).
17
EXEMPTIONS FOR MEMBERS OF PROFESSIONAL BODIES
Qualified Members of The Institute of Chartered Accountants of Bangladesh (ICAB), Institute of Chartered Secretaries of Bangladesh
(ICSB), CIMA (UK), CPA (USA), CGA (Canada), ACCA or any other equivalent foreign Professional Accounting body may be granted
exemption in different subjects / level(s) recommended by the Education Committee and subsequently approved by the ICMAB
National Council.
Above mentioned Conditions will only be applicable for newly admitted students of ICMAB from the July-December, 2021 session
and onward.
In all cases original Certificates and Transcripts of Bachelor Degree (Pass/Hon’s), Master Degree/MBA Degree and Membership
Certificate of Professional Degree need to be shown and a photocopy of the same to be submitted to ICMAB office (separately from
Admission procedure) along with the copy of exemption payment slip.
It is to be mentioned that payment of exemption application does not mean that exemption will be granted. Granting exemption
depends on fulfillment of all the aforesaid conditions.
APPLICATION PROCEDURE:
1. Go to www.icmab.org.bd and click on My ICMAB at the top right corner.
2. Login with your Registration Number as user name & Password.
3. Select Exemption from the menu bar; choose Subjects you are asking for exemption & click on
4. Pay the fees and submit relevant documents (mentioned above) along with deposit slip to ICMAB
office from 10.00 a.m. to 5.30 p.m. on every working day within the announced deadline.
18
CURRICULUM STRUCTURE
QUALIFIED CMA
Articleship
(100 Marks) (100 Marks) Market (100 Marks) (100 Marks)
CM231: LT234:
Management EF232: Financial AA133: Fundamentals of TAX,
IL-II Accounting Management Auditing VAT & Public Financial
(100 Marks) (100 Marks) Management
(100 Marks) (100 Marks)
INTERMEDIATE (I) TA223:
CM121: Cost FR222: Information & MS224: LT125:
Accounting Intermediate Communication Marketing & Supply Corporate & Business
IL-I (100 Marks) Financial Accounting Technology Chain Management Laws (100 Marks)
(100 Marks) (50 Marks) (50 Market)
19
FACILITIES
20
LEARNING MANAGEMENT SYSTEM (LMS)
A glimpse into the platform
LMS combines the functionality and supports your needs to deliver a best-in-class experience for students and faculty. Powerful
teaching tools make it easy to create engaging courses, and built-in analytics help you improve outcomes.
CMASPACE, the branded LMS of ICMAB, offers you a world-class online education system like global professional bodies, for example,
ICAEW, CPA, or KAPLAN. You can now learn effectively from your laptop/desktop or smartphone through live classes, recorded
sessions, chatting directly with the tutor/faculty and participating in a group discussion on relevant topics, and earn your professional
credential. And all of these are possible without coming to ICMAB campus/study center.
Key attributes that will enrich your learning through opening new horizons
24X7 learning, learn from anywhere at your own time.
Audio Visual session and adequate number of online classes.
Access from any device (desktop/laptop or smartphone).
Live discussion, video assignments, learning through study forums from across the nation.
21
ANYWHERE, ANYTIME ACCESS
Personalized account accessed seamlessly through any desktop, laptop or mobile
phone.
Autosave function ensures continuity of work during transit, or between classes,
regardless of devices on hand.
STUDENTS REMAIN UPDATED
Announcements on the Activity Feed resembling social media platforms.
Automated email on performance feedback.
Automated graded results.
MATERIALS FROM MULTIPLE SOURCES
Intuitively discover, manage and share learning resources for wider understanding.
Learning materials from various sources e.g. E-book, webpage, YouTube, etc. help to
retain more knowledge.
Integrated with 3rd party sources for more content.
DISCUSSION FORUM FOR BETTER ENGAGEMENT
Discussion helps to connect the learner with the instructor and other members.
Helps in getting clarity in subject matter from the instructor even if they are
remotely located.
Creates better engagement with peers through knowledge sharing.
22
LIFE AT ICMAB
ICMAB offers a life full of joy, challenges, and commitments amid of hard
target of meeting career goals.
Workshop
Students participate in different workshops organized by the institute to
improve their practical skills and capacities.
Local Seminar
Students participate as paper presenters in a seminar organized by the
institute which gives them a different leadership quality.
International Seminar
ICMAB also encourages students to join international seminar to
demonstrate their capacities crossing the boundary which brings a
new dimension in professional knowledge by exchanging custom
and beliefs.
23
SKILL DEVELOPMENT PROGRAM (SDP)
Skill development refers to the identification of skill gaps and developing new skills and upgrading existing skills to enable a
person to achieve his/her goals. It is important because skills determine a persons’ ability to execute plans with success. SDP (Skill
Development Program), a Training Program will address the demand and ensure targeted Skill development to help prospective
students get easier access to the formal job market where they can bargain for higher incomes, work under more
congenial working conditions and have greater job security.
As per the primary assessment, students of ICMAB at different levels need specific skill development training under three
different phases. The program starts with Phase-I furnished hereunder:
24
DHAKA OFFICE CHATTOGRAM BRANCH KHULNA BRANCH
ICMA Bhaban CMA Bhaban CMA Bhaban
Nilkhet, Dhaka-1205. House # 43,Road # 27 KDA Plot No.24-25 Mozid
CDA Residential Area Sorani Road, Sonadanga, Khulna.
01847360611 Agrabad, Chattogram.
01847360619-22 01847360701
01847360700
9615460, 9611799 041-722335
031-727638
edu@icmab.org.bd khl.admin@icmab.org.bd
cpa.edu@icmab.org.bd ctg.admin@icmab.org.bd