ABOUT ICMAB

The Institute
The 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. The Institute
undertakes research in relevant fields and is the sole authority to issue practicing license to its members.

Legacy Status
The Institute has a long heritage of rendering professional services to the nation. The journey of the glorious
Profession of Cost and Management Accounting began in the pre-independent Bangladesh with the founding
of a branch of The Pakistan Institute of Industrial Accountants (PIIA) in 1958. As we started a fresh journey
towards success and prosperity in independent Bangladesh, the profession entered into a new era. In 1972, the
Institute was re-established in the name of Bangladesh Institute of Industrial Accountants (BIIA). Thereafter, the
members of the Institute through their excellence in various fields proved their credibility in the national and
international outfit which started building the credentials for the Institute for gaining acceptability from all
concerned and to attain confidence of the government and business community of the country. With the
changing need of time the Government of Bangladesh renamed it as The Institute of Cost and Management
Accountants of Bangladesh (ICMAB) through promulgation of The Cost and Management Accountants
Ordinance 1977 (Ordinance No. LIII of 1977), which was published in the official Gazette on 14 November 1977.
Considering the active role of Cost and Management Accountants for accelerated growth of Bangladesh
economy, a new Act of Parliament “Cost and Management Accountants Act 2018” ( Act No. LXX of 2018) has
been passed by the Parliament on 29th October 2018 and published in the official Gazette on 14 November
2018, after a 48-year arduous journey, the chronicle of success earned by our predecessors has brought us to
the place where we stand today.

Administrative Ministry
The Ministry of Commerce, Government of the People’s Republic of Bangladesh is the Administrative Ministry of the
Institute of Cost and Management Accountants of Bangladesh (ICMAB).

Vision & Mission

Vision:
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.

Mission:
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.

The Institute is entrusted with the formulation and implementation of National Accounting as well as
Cost Accounting Standards and take other necessary steps with a view to regulating the Cost and
Management Accounting profession commensurate with global standard with the ultimate objective
 of developing Bangladesh’s human and natural resources to ensure common welfare and to enrich
our shared future.

Activities of CMA Bangladesh include:

1. Professional Education and Training: CMA Bangladesh provides professional education and training
programs to individuals aspiring to become cost and management accountants. It conducts examinations,
offers study materials, and provides guidance to students throughout their academic journey.
2. Certification: Upon successful completion of the prescribed education and examination requirements,
CMA Bangladesh awards the professional certification of "Cost and Management Accountant" to qualified
individuals. This certification is recognized both nationally and internationally.
3. Continuing Professional Development (CPD): CMA Bangladesh emphasizes the importance of lifelong
learning and continuing professional development for its members. It offers various CPD programs,
seminars, workshops, and conferences to help members stay updated with the latest developments in the
field.
4. Research and Publications: The institute encourages research and knowledge dissemination in the areas
of cost and management accountancy. It publishes journals, research papers, and other publications to
contribute to the professional knowledge base.
5. Advocacy and Representation: CMA Bangladesh represents the interests of its members and the
profession at national and international forums. It engages with government bodies, regulatory
authorities, and other stakeholders to promote the recognition and relevance of the cost and
management accountancy profession.

All courses and subjects of CMA:

Foundation Level (FL) Intermediate Level (IL)
Fr-111 Fundamentals Of Financial Cm-121 Cost Accounting (Coa)
Accounting (FFA)

Ta-112 Business Quantitative Analysis Fr-222. Intermediate Financial Accounting

(BQA) (IFA)

Ef-113 Business Economics And Ta-223. Information & Communication

International Business (EIB) Technologies (ICT)

Ms-114 Fundamentals Of Management & Ms-224. Marketing & Supply Chain

Business Communication (MBC) Management (MSM)

Lt-125. Corporate & Business Laws (CBL)

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 Intermediate Level- II (IL – II)
CM-231. Management Accounting (MAC)

EF-232. Financial Management (FIM)

AA-133. Auditing (AUD)

LT-234. Fundamentals of Tax, VAT & Public Financial Management (TPF)

Advance Level-I (AL-I) Advance Level-II (AL-II)

CM-341. Strategic Cost and Management MS-351. Business Strategy (BST)
Accounting (SCM)

FR-342. Advanced Financial Reporting (AFR) AA-252. Cost & Management Audit (CAT)

EF-343. Corporate Finance Strategy & LT-453. Advanced Income Tax & VAT (ATV)
Financial Market (FSM)

LT-344. Corporate Governance and CS-154. Integrated Case Study (ICS)

Secretarial Practices (GSP)