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.
Membership Designation
The membership status is of following two levels:
| ACMA |
FCMA |
| Associate Cost and Management Accountant |
Fellow Cost and Management Accountant |
| To become an Associate member, a qualified student has to complete following requirments: |
To become a Fellow member, an Associate member has to fulfill following requirments: |
- Pass all courses of studies and training modules
- Industry experience of 3 years
- Earn at least 40 CPD hours (20 hours verifiable and 20 hours non-veriable)
|
- Post-Associateship Industry experience of 5 years at senior management level
- Earn at least 40 CPD hours (20 hours verifiable and 20 hours non-veriable)
|
Membership Requirements
| Description of Competencies |
Year(s) |
Requirement |
Equivalent Credit Hrs.* |
| Courses of Studies (18 Subjects) |
03 |
1,620 Lecture Hrs. |
108 |
| Training Modules (06) |
01 |
540 Hrs. |
36 |
| Experience Requirement (Full-time) |
03 |
6,000 Hrs.** |
400 |
| CPD Hours |
- |
20 |
1.33 |
| Associate Cost and Management Accountants (ACMA) |
|
8,200 Hrs. |
546.67 |
| Experience Requirement (Full-time) |
05 |
10,000 Hrs.** |
666.67 |
| CPD Hours |
- |
20 |
1.33 |
| Fellow Cost and Management Accountants (FCMA) |
|
18,240 Hrs. |
1,216 |
Basis for Credit Hours:15 regular hours equivalent to 01 credit hour.
Experience Criteria:Based on 250 working days @ 8 hours per day.