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

16-Year Education in Commerce or Business Studies

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.

14-Year Education in Commerce or Business Studies

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.

12-Year Education

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]
  • O1- Fundamentals of Financial Accounting
    A-Levels
  • O1- Fundamentals of Financial Accounting
  • O2- Business Economics
  • O5- Business Mathematics & Statistical Inference

2. Entry Routes for Members/ Affiliates of National and International Professional Accounting Bodies

Member/ affiliates of following national and international professional accounting bodies are eligible to apply for waiver from CMA courses:

Chartered Institute of Management Accountants [CIMA-UK]

Members of CIMA-UK are required to take following courses to get membership of ICMA Pakistan:

  1. ACMA: Local Laws Gateway Examination [LLG] and S2- Audit & Assurance of Strategic Level-1.
  2. FCMA: Local Laws Gateway Examination only.
Association of Chartered Certified Accountants (ACCA)
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
    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.

The Institute of Certified Public Accountants Ireland (CPA Ireland)

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.

Institute of Chartered Accountants of Pakistan (ICA Pakistan)
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
  • M6- Corporate Governance, Business Laws & Ethics
    Strategic Level
  • All three courses of level-1
Pakistan Institute of Public Finance Accountants (PIPFA)
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

3. Waiver in Courses for Partly Qualified of National and International Professional Accounting Bodies

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.
Chartered Institute of Management Accountants [CIMA-UK]
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
    • M5- 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
    • M5- Management Accounting
      Strategic Level
    • S1- Advanced Financial Accounting & Corporate Reporting
    • S4- Strategic Management Accounting
Association of Chartered Certified Accountants (ACCA)
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
Institute of Chartered Accountants of Pakistan (ICA Pakistan)
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
Pakistan Institute of Public Finance Accountants (PIPFA)
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

Other professional certification (IFAC members' bodies) may be considered for waiver subject to the approval of competent authority


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