ENTRY ROUTES FOR ACADEMIC AND PROFESSIONAL QUALIFICATION HOLDERS
The candidates who have obtained 12-year, 14-year and 16-year academic qualifications
from recognized board/ university or have professional certifications from professional
accounting bodies are eligible to join CMA according to following entry routes to get
CMA certification:
1. Entry Routes for Academic Qualification Holders
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16-Year Education in Commerce or Business Studies
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The holders of 16-Year education in commerce or business studies from any HEC recognized
university are eligible for direct entry in Managerial Level-2.
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14-Year Education in Commerce or Business Studies
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The holders of 14-Year education in commerce or business studies from any HEC recognized
university are eligible for direct entry in Managerial Level-1.
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12-Year Education
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The holders of 12-Year education in commerce from any recognized board (Secondary
/ Higher Secondary of Education) or A-Levels (under Cambridge System) may apply
for waiver from the following courses, subject to studied and passed relevant courses:
Inter Commerce [I.Com / D.Com]
- O1- Fundamentals of Financial Accounting
A-Levels
- O1- Fundamentals of Financial Accounting
- O2- Business Economics
- O5- Business Mathematics & Statistical Inference
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2. Entry Routes for Members/ Affiliates of National and International Professional
Accounting Bodies
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Member/ affiliates of following national and international professional accounting
bodies are eligible to apply for waiver from CMA courses:
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Chartered Institute of Management Accountants [CIMA-UK]
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Members of CIMA-UK are required to take following courses to get membership of ICMA
Pakistan:
- ACMA: Local Laws Gateway Examination [LLG] and S2- Audit & Assurance of Strategic
Level-1.
- FCMA: Local Laws Gateway Examination only.
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Association of Chartered Certified Accountants (ACCA)
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Members/ affiliates of ACCA-UK are eligible to get wavier in following 12 courses:
Operational Level
- O1- Fundamentals of Financial Accounting
- O2- Business Economics
- O3- Business Communication & Report Writing
- O4- Fundamentals of Management
- O5- Business Mathematics & Statistical Inference
Managerial Level
- M1- Fundamentals of Cost & Management Accounting
- M3- Management Information Systems
- M4-Financial Accounting & Corporate Reporting
Strategic Level
- S1- Advanced Financial Accounting & Corporate Reporting
- S2- Audit & Assurance
- S3- Business Taxation *
- S5- Strategic Financial Management
* S3-Business Taxation subject to passing F6 Taxation Pakistan Variant.
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The Institute of Certified Public Accountants Ireland (CPA Ireland)
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Members of CPA Ireland are eligible for direct membership of ICMA Pakistan if they
have completed CPA examination, practical experience requirements, be a member in
good standing, not currently subject to any disciplinary sanctions or investigations
and has not been subject to any disciplinary sanctions in the past five years.
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Institute of Chartered Accountants of Pakistan (ICA Pakistan)
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Members of ICA Pakistan [ACA/FCA] are eligible to get wavier in following 14 courses:
Operational Level
- All six courses of level-1 & 2
Managerial Level
- All three courses of level-1 and
- M4-Financial Accounting & Corporate Reporting
- M6- Corporate Governance, Business Laws & Ethics
Strategic Level
- All three courses of level-1
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Pakistan Institute of Public Finance Accountants (PIPFA)
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Members of PIPFA [APFA/ FPFA] are eligible to get wavier in following 08 courses:
Operational Level
- O1- Fundamentals of Financial Accounting
- O2- Business Economics
- O3- Business Communication & Report Writing
- O4- Fundamentals of Management
- O5- Business Mathematics & Statistical Inference
- O6-Commercial Laws
Managerial Level
- M1- Fundamentals of Cost & Management Accounting
- M3- Management Information Systems
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3. Waiver in Courses for Partly Qualified of National and International Professional
Accounting Bodies
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Partly qualified students of CIMA-UK, ACCA-UK, ICA Pakistan and PIPFA are eligible
apply for waiver from different courses of CMA. Details of courses are as follows.
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Chartered Institute of Management Accountants [CIMA-UK]
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Partly qualified students of CIMA-UK are eligible to get waiver in maximum 10 courses
as detailed below:
- PASSED ALL COURSES UPTO OPERATIONAL LEVEL:
Operational Level
- O1- Fundamentals of Financial Accounting
- O2- Business Economics
- O3- Business Communication & Report Writing
- O4- Fundamentals of Management
Managerial Level
- M1- Fundamentals of Cost & Management Accounting
- M4-Financial Accounting & Corporate Reporting
- M5-Advanced Management Accounting
- PASSED ALL COURSES UPTO MANAGEMENT LEVEL:
Operational Level
- O1- Fundamentals of Financial Accounting
- O2- Business Economics
- O3- Business Communication & Report Writing
- O4- Fundamentals of Management
Managerial Level
- M1- Fundamentals of Cost & Management Accounting
- M2- Enterprise Management
- M4-Financial Accounting & Corporate Reporting
- M5-Advanced Management Accounting
Strategic Level
- S1- Advanced Financial Accounting & Corporate Reporting
- S4- Strategic Management Accounting
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Association of Chartered Certified Accountants (ACCA)
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Partly qualified students of ACCA-UK are eligible to get waiver in maximum 04 courses
as detailed below:
- PASSED ALL NINE COURSES OF FUNDAMENTALS LEVEL:
Operational Level
- O1- Fundamentals of Financial Accounting
- O3- Business Communication & Report Writing
Managerial Level
- M1- Fundamentals of Cost & Management Accounting
- M4-Financial Accounting & Corporate Reporting
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Institute of Chartered Accountants of Pakistan (ICA Pakistan)
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Partly qualified students of ICA-Pakistan are eligible to get waiver in maximum
07 courses as detailed below:
- PASSED ALL COURSES OF ASSESSMENT OF FUNDAMENTAL COMPETENCIES (AFC)
Operational Level
- O5- Business Mathematics & Statistical Inference
Managerial Level
- M3- Management Information Systems
- PASSED ALL COURSES UPTO CERTIFICATE IN ACCOUNTING AND FINANCE (CAF)
Operational Level
- O1- Fundamentals of Financial Accounting
- O2- Business Economics
- O3- Business Communication & Report Writing
- O5- Business Mathematics & Statistical Inference
- O6- Commercial Laws
Managerial Level
- M1- Fundamentals of Cost & Management Accounting
- M3- Management Information Systems
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Pakistan Institute of Public Finance Accountants (PIPFA)
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Partly qualified students of PIPFA are eligible to get waiver in maximum 04 courses as detailed below:
- PASSED FOUNDATION LEVEL
Operational Level
- O1- Fundamentals of Financial Accounting
- O5- Business Mathematics & Statistical Inference
- PASSED ALL COURSES UPTO INTERMEDIATE LEVEL
Operational Level
- O1- Fundamentals of Financial Accounting
- O2- Business Economics
- O3- Business Communication & Report Writing
- O5- Business Mathematics & Statistical Inference
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Other professional certification (IFAC members' bodies) may be considered for waiver subject to the approval of competent authority
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