ICMA PAKISTAN

- - Organizational Setup
  - Educational Campuses
  - Jobs at ICMA Pakistan
  - Procurement & Tenders
  - National Council
  - Members of National Council
  - National Council Committees
  - Past Councils
  - Profile
  - Message
  - Past Presidents
  - Branch Councils
  - Chairmen Branch Councils
  - Branch Council Committees
  About ICMA Pakistan
  
  The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) was established in 1951 with the objective to regulate and promote the profession of Management Accounting in Pakistan. By virtue of the authority vested in by the Act and Regulations, the Institute has been entrusted with the responsibility to provide education, examine competencies and confer internationally recognized post-graduate professional certification. After qualifying and fulfilling prescribed requirement of membership, the Institute awards following designations:
  - • Associate Cost and Management Accountant (ACMA)
  - • Fellow Cost and Management Accountant (FCMA)
Education
- - Introduction
  - Courses Of Studies
  - Competency Framework
  - Syllabus
  - Learning Methodology
  - Faculty & Teaching
  - Why Join ICMA
  - Study Options
  - Eligibility & Process
  - Facilities
  - Library
  - National Awards and Convocation
  - Co-curricular Activities
Examination
- - Objectives
  - Standards
  - Assessment of Competencies
  - Results Policy
  - Proficiency Awards
  - Results
  - E-Marks Sheet
  - Transitional Arrangement
  - Performance Achievers
  - Offences and Penalties of Unfair Means Cases
Membership
- - Membership
  - Members' Presence
  - Management Accountants' Role
  - Fee Structure
  - Online Payments
  - Membership Benefits
  - Download Forms
  Stand out and stay ahead with ICMA Pakistan membership
  
  The students on qualifying examinations and meeting membership requirement are awarded membership of the Institute which is a professional and legal status to join the fraternity of Institute’s members. The membership is a life-longassociation which tends to continue by paying prescribed annual subscription fee. Currently, the Institute has over 5,000 members in Pakistan and abroad. Out of total members, about 20% of members are serving abroad which shows the contribution of the Institute towards global economic development.
Research &
Publications
- - Introduction
  - Research Publications
  - Reports & E - Surveys
  - Research Works
  - Recognition & Awards
  - R & P Committee
  - R & P Directorate
  - Research Partners under (RDI) MoUs
  - Advertisement Partners
  Management Accountant Journal
  
  Management Accountant is the bi-monthly official flagship Journal of ICMA Pakistan which updates on current trends in the field of accounting and finance as well as professional and macro-economic issues. It serves as a premier resource for young and professional accountants to find new trends in management accounting and also provides a useful source of knowledge and reference for the corporate sector. Every issue of Journal is brought out on a specific theme and carries focused articles, exclusive interview of dignitaries; survey reports, economy watch, regulatory watch and other useful writeups and information worth reading for professionals, business and industry.
CPD &
Training
- - Introduction
  - CPD Policy
  - ICMA Pakistan Certificate Programs
  - Directors' Training Programme
  - Diploma in IAS / IFRS
  - Diploma in Islamic Finance
  - Webinars
  - IPSAS Qualification
  - Recorded Webinar
  Continuing Professional Development
  
  To keep members and students in particular and other professionals in general, the Institute as part of Continuing Professional Development (CPD) regularly organizes nationwide trainings, seminars, workshops and conferences. The CPD activity helps in the capacity building and is essential for a professional to remain updated with the changes taking place in the profession.
  
  The deliberations made and insightfulness shared in these CPD programs become a source of immense learning for members and students. At an average, in a year, more than 2,000 CPD hours are nationwide conducted at the Institute.
Quality Assurance
- - Introduction
  - Quality Assurance Board
  - Satisfactory Quality Rated Firms
  - Publications
  Quality Assurance
  
  The Institute has a proper quality Control system in place that encompasses policies, procedures and periodic reviews of the work of CMA Firms engaged in public practice. The objective is to ensure that practicing members and firms are engaged in audit and other practices are in line with the relevant rules, regulations and professional standards. The well-defined Quality Assurance Review Framework helps firms in maintaining set benchmarks and to keep them updated with the changes taking place in the profession to provide state-of-the-art services to the clients. Through Quality Assurance, practicing firms are not only meeting customers’ expectations but also complying global standards followed by practicing firms all over the world.
Technical Support
- - Introduction
  - Technical Updates
  - Business Laws
  - Technical Presentations
  - Consulting Opportunities
  - Publications
  Technical Support & Updates
  
  The Institute is continuously updating its members and industry through a regular Technical Updates in the following areas:
  - • Updation in IAS, IFRS and ISA
  - • Amendments in Tax and Corporate Laws
  - • Economy and Business News
Public Practice
- - Introduction
  - Legal Privileges
  - CMA Practicing Firms registered with Institute
  - CMA Practicing Firms
  - Major Services Offered by CMA Firms
  - Code of Ethics
  - Download Forms
  Public Practice
  
  A member desirous to do practice, after fulfilling the requirement, receives Certificate of Practice (COP). The certificate is a license for members to do public practice and management consulting functions. Under the license, a member may act as liquidator, trustee, executor, administrator, arbitrator, receiver, adviser or as representative for costing, financial, company law and taxation matters or may take up an appointment that may be made by Federal Government or Provincial Government or a Court of Law or any other authority established under law, or may act as the secretary of a company in the professional capacity.
Employers
- - CMA Career Portal
  - Employers
  - Corporate Relations
  - Corporate Partnership Form
  Corporate Relations
  
  The Corporate Relations function of the Institute assists students in their career development. It creates training and internship opportunities for students and helps in bringing awareness about the role of profession of management accounting in the industry. Keeping in view that corporate sector is ultimate beneficiary of Management Accountants; the Corporate Relations function invites dignitaries from the corporate sector and takes various steps to strengthen relationship with the corporate sector.

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

The Institute of Certified Public Accountants Ireland (CPA Ireland)

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: ACMA: Local Laws Gateway Examination [LLG] and S2- Audit & Assurance of Strategic Level-1. 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.
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

Chartered Institute of Management Accountants [CIMA-UK]

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.
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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ENTRY ROUTES FOR ACADEMIC AND PROFESSIONAL QUALIFICATION HOLDERS

1. Entry Routes for Academic Qualification Holders

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

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

Education

Our CoreValue

About Us

Students

Members

Quick links

About Us

Directorate

Corporate Documents

National Council

President

Branch Councils

About ICMA Pakistan

Education Philosophy

Join ICMA

Academic Policy

Other

Examination Philosophy

Examination Policy

Examination Support

Examination Result

Membership

Stand out and stay ahead with ICMA Pakistan membership

Research

Research Administration

Publications

Partners & RDI

Research Promotion

Management Accountant Journal

CPD & Training

Continuing Professional Development

Quality Assurance

Quality Assurance

Technical Support

Technical Support & Updates

Public Practice

Public Practice

Employers

Corporate Relations

ENTRY ROUTES FOR ACADEMIC AND PROFESSIONAL QUALIFICATION HOLDERS

1. Entry Routes for Academic Qualification Holders

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

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

Education

Our CoreValue

About Us

Students

Members

Quick links