Institute of Cost and Management Accountants of Bangladesh (ICMAB)
is the national body of the professional Cost and Management
Accountants of Bangladesh. Established with the prime objective of promoting and regulating the Cost and Management Accounting profession in the country,
ICMAB is a statutory organization constituted by the Government under
the Cost and Management Accountants Ordinance 1977 (Ordinance No Llll of 1977) and regulated under the Cost and Management Accountants Regulations 1980 (as amended up-to date). It is the member of a number of regional and global accounting bodies.
Institute's vision is to help Bangladesh become an industrialized nation
by promoting and regulating Cost and Management Accounting profession to enhance economic competitiveness and quality of life.
The Institute's mission is to develop, equip and promote Cost and
Management Accounting profession by maintaining highest professional standard of its members in order to enable them to provide better services to the society. Working across the business interpreting financial data for non- financial manager Explaining the financial consequences of management decisions and suggesting possible courses of action
Advising managers on the financial and economic implications of
project management
Making strategic decisions and formulating business strategies to
create wealth and shareholder value
Monitoring spending and the effectiveness of financial control
Managing risk and business assurance
Cost determination and financial control
Evaluating existing financial information systems and suggesting
improvements thereof Conducting internal business audits and preparing periodic financial statements for managers
Explaining the impact of the competitive landscape.
CMAs can also be self-employed as practicing Cost and Management
Accountants, Management Consultant, Cost Auditor, Tax Adviser, etc. To qualify as a Cost and Management Accountant under the 2015 ICMAB qualification, an applicant must:
Meet the entry requirements for the professional Cost and
Management Accounting Qualification
Register as a student with ICMAB
Study for, sit and pass 17 to 20 examinations for
Graduate Entry Route
Undergo an extensive Internship and Research program
to demonstrate professional report writing acumen
Have at least three years of practical experience in the field
of accounting and finance. To enable the institute GE01-Fundamentals of to examine whether Financial Accounting students have an GE02-Fundamentals of adequate knowledge, Management Accounting understanding and GE03-Fundamentals of mastery of the stated Business Mathematics body of knowledge and GE04-Fundamentals of skills; Business Economics To complement the GE05-Fundamentals of institutes work based Ethics, Corporate practical experience and Governance and skills development Business Law objectives. After the graduate entry levels, the new structure have three levels broadly classified as professional levels. The syllabus compromises four pillars in addition to the papers of graduate entry route: Each Learning pillar is divided into three progressive levels: Each subject within the syllabus is divided into a number of broad syllabus topics. The topics contain one or more lead learning outcomes, related component learning outcomes and indicative knowledge content. Knowledge List Make a list of. Express, fully or clearly, the What you are expected State details/facts of to know Define Give the exact meaning of
Comprehension Communicate the key features
Describe, of; Highlight the differences Distinguish between Make clear or intelligible/state Explain the meaning or purpose of What you are expected Recognize, establish or select Identify to understand after consideration Use an example to describe or Illustrate explain something Application Apply Put a practical use Ascertain or reckon Calculate mathematically Prove with certainly or Demonstrate exhibit by practical means How you are expected to apply Prepare Make or get ready to use your knowledge Make or prove Reconcile consistent/compatible Solve Find an answer to Tabulate Arrange in a table FUNDAMENTALS OF MANAGEMENT ACCOUNTING Leadership, Business acumen, Technical and People GE02- A. THE CONTEXT OF MANAGEMENT ACCOUNTING (10%)
Explain the purpose of Management Accounting
Explain the Role of the Management Accountant
Explain the role of ICMAB as a professional body
for Management Accountant Apply methods for Identifying Cost.
Demonstrate Cost Behavior.
Prepare Budgetary Control Statements
Prepare Statement of Variance Analysis
Prepare Integrated Accounts in a Costing Environment
Prepare Financial Statements for Managers
Demonstrate the use of Break-even Analysis in making short term decisions.