Institute of Cost and Management
Accountants of Pakistan
Constituted under Cost and Management Accountants Act, 1966
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Welcome to Institute of Cost and Management ::::: ICMAP

- Examination

Objective

The main objectives of examination of the Institute are:


  • To test the candidates in various prescribed subjects taught during a specified period of time in order to ensure whether or not they have the requisite knowledge and skills to become member of the Institute.
  • To provide reasonable assurance to the members and public that the candidates passing the examination possess the requisite knowledge and skills.
Eligibility

The following regulations cover the eligibility requirements for taking the ICMAP examination:

  • The students, who are enrolled under the Coaching Course programme in a particular session, must have attended at least 75% lectures in the class and secured 60% marks in online Tests, Class Presentation and Class Participation in order to become eligible to appear in the final examination of the subject.
     
    Class Participation 15%
    Class Presentation 25%
    1st Class Test 30%
    2nd Class Test 30%
    Total: 100%

  • The students, who are enrolled under the Correspondence Course programme, have to submit100% assignments on or befor 20th June and 20th December and must have obtained 50% marks in each assignment. The students, have to appear in two (2) online tests for each subject and the student who secure aggregate 50% marks in tests will be eligible to appear in the final examination
  • The students, who are enrolled under the Internet Based Distance Learning Programme (IBDLP) have to appear in two online tests and should pass at least one test to become eligible to appear in the examination.
  • If a student fails to qualify any stage within two years, the student shall be required to take fresh admission either in Coaching Classes or the Correspondence Course or IBDLP, so that he/she may acquire the requisite degree of knowledge in the subjects of that Stage in order to pass the examination.
Examination Progression Scheme

The students who join ICMAP first time and applied for exemption(s) from the subject(s) are allowed to appear for examination of Stage-1,2 and 3. However, the students who do not apply for any exemption are allowed to appear for the examination of Stage-1 only.


  • A student can appear in maximum six papers upto Stage-4 examination, if he/she has passed/exempted all the papers of Stage-1 examination.
  • A student can appear in maximum of six papers upto Stage-5 examination, if he/she has passed/exempted all the papers of Stage-1 and Stage-2 examinations.
  • A student can appear in maximum of six papers upto Stage-6 examination, if he/she has passed/exempted all the papers of Stage-1, 2 & 3 examinations.
  • The students who have been switched over from earlier syllabuses are allowed to sit for maximum six (6) subject(s) of those Stage(s) only where these equivalent merged subject(s) are available/placed.
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    Moreover, besides the revised scheme the Examination Committee may also consider the request(s) on case to case basis which is/are not covered under the above parameters, provided there shall be no clash of examination papers for a candidate in the same examination session i.e. morning or afternoon shift.

Work Experience Requirement

Professional work experience is very crucial in the profession of management accounting. What students learn in the classroom can only be suitably applied to a specific job of an enterprise. Keeping in view this important aspect, it has been decided to make it compulsory for the students to obtain at least one year practical training as indicated below .

 

The experience may be in the form of internship, full time or part time, paid or unpaid job in any organisation. The experience should be in the field of financial accounting, cost accounting, finance and banking, internal or external auditing, treasury or any other accounting or management- related area. Part time job must be at least of three hours per day and would be treated as 50% of a full time job in terms of time. It will be the responsibility of the students to get the job. The Institute would however, facilitate the students in finding an internship, part time or a full time employment.

 

The following certificates will be issued to the student provided he / she has completed the following requirements:


  • Two-year Post Graduate Certificate in Cost and Management Accounting shall be issued to a student only if he / she has passed upto Stage-4 and completed a minimum of six (6) months work experience.
  • Final Certificate in Management Accounting shall be issued to a student only if he / she has passed upto Stage-6, a comprehensive examination and completed at least one year of work experience .
Students' Training Record

The students shall be required to complete the students training record. Each student is required to submit this form, duly filled-in and attested by his/her employer, to the Examination Department of the Institute. In lieu of this form, he/she is allowed to submit an experience certificate from his/her employer on the letterhead of the company, showing the job description and duration of his/her service.

 
 
 
 
 
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