Institute of Cost and Management Accountants of Pakistan

In the name of Allah, most gracious most merciful

Career Counseling & Guidance Seminar Tuesday, April 22, 2008

Fatimiyah College (Girls Section) Presentation by
Mr. Salman Ahmed Rizvi, Admission Officer, Southern Region

An Introduction to ICMAP

Our Theology Extracted from the Book of Quraan

and let a scribe write it down between you with fairness;

Institute of Cost & Management Accountants of Pakistan

Our Vision
To be the Preference in Value Optimization for Business

Mission Statement
To develop strategic leaders through imparting quality education and training in Management Accounting, to continually set and upgrade professional standards and to conduct research bringing value-addition to the economy

Institute of Cost and Management Accountants of Pakistan

- An Introduction

Established in 1951 A Statutory Body of Government of Pakistan established under Cost & Management Accountants Act, 1966 to regulate and promote the profession of Management Accounting Sole Provider of Management Accounting Professional Qualification in Pakistan

Institute of Cost and Management Accountants of Pakistan

ICMAP at a Glance

Founded by Mr. Muhammad Shoaib, Former Finance Minister of Pakistan who himself was a Cost & Management Accountant. He later rose to become the Finance Minister of Pakistan and Senior Vice President, World Bank Managed and governed by the National Council consisting of 8 elected members and 4 members nominated by the government

Professional Certification of ACMA & FCMA Over 3,000 Members and over 500 qualified i.e., total to 3,500 Approx. 25,000 enrolled Students and more than 10,000 active registered students Nationwide Network at 12 Centres & overseas examination facilities centers

Institute of Cost and Management Accountants of Pakistan

Organization of the Institute

National Council (12 members) Standing Committees (4 committees) Non-Standing Committees (8 committees)

Branch Councils (7) Secretariat (Nationwide 168 Staff) Functions

- Education - Corporate Relations -Admin. and Personnel - Examination - Research - Internal Audit - Members Facilitation - Finance

Regions
- Southern (4 centres) - Central (4 centres) - Northern (4 centres) - Overseas Exam Facilities

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Branch Councils
Karachi Lahore Islamabad Multan Faisalabad Peshawar Quetta

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Organization Hierarchy
Functional Setup
National Council
Management Tier 1

President
Vice President Chairman Audit Committee Chairman Exam. Committee Hon. Treasurer Honorary Secretary Chairmen Committees Chairmen Branch Councils

Management Tier 2

Executive Director
Management Tier 3

Internal Audit Directorate

Shamimuddin A. Zuberi Advisor

Examination Directorate
Vacant Director

Finance Directorate
Muhammad Saeed Director

Research Directorate
Kamaluddin Advisor

Secretariat / Member Affairs Directorate

NO DIRECTORs POST

Cor. Rel. & Admin Directorate

Vacant - Director

IT Directorate
NO DIRECTORs POST

Education Directorate
Irfan Hassan Director Education

Southern Region
NO DIRECTORs POST

Central Region
Tariq Saeed Advisor CR

Northern Region
Ch. Inayat Ali Advisor NR

Dubai, UAE Exam. Centre

Dy. Director / Incharges Layer

Imran Karatela DD Exam (Acting Director) Qamar-ul-Hassan DD Exam A. Q. Siddiqui Dy. Advisor Exam

Incharge

Hammad-ur-Rehman DD Finance

Shahid Ahmed DD Research

Ghazala Yunus Sr. DD Sectt. / Member Section Asif Ali Khan DD Jrn. & Pub.

Muhammad Kamran Jamil DD Corporate Rel.

Sohail Kamal DD IT

Imtiaz Ahmed DD Education

Shahpara Rizvi Dy. Director Edu. (SR) Karachi Centre Officer Incharge City Campus Incharge Quetta Centre

Rana Azam Ali Dy. Director Edu. (CR) Lahore Centre Sh. Mahmood-ul-Hassan Dy. Director Multan Centre Muhammad Hanif, Inch. Faisalabad Centre Incharge Sargodha Centre

M. Ashraf Khan Dy. Director Edu. (NR) Islamabad Centre Incharge Peshawar Centre

Incharge
Ontario, Canada Exam. Centre

Naqi Majid DD Admin. Muhammad Akram DD Tech. Services

Incharge Abbottabad Centre Incharge Kohat Centre

Muneer Ahmed Dy. Advisor Exam

Incharge Hyderabad Centre

Officer(s)

Officer(s)

Officer(s)

Officer(s)

Officer(s)

Officer(s)

Officer(s)

Officer(s) Management Tier 6

Assistant(s)

Assistant(s)

Assistant(s)

Assistant(s)

Assistant(s)

Assistant(s)

Assistant(s)

Assistant(s)

Assistant(s)

Assistant(s)

Assistant(s) Management Tier 7

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff

Attendant(s) / Supporting Staff Management Tier 8

Management Tier 5

Management Tier 4

Directors Layer

Institute of Cost and Management Accountants of Pakistan

ICMAP Regions and Centres

SOUTHERN REGION
KARACHI
(Gulshan-e-Iqbal)

CENTRAL REGION
LAHORE

NORTHERN REGION

ISLAMABAD

MULTAN KARACHI
(City Campus)

PESHAWAR

FAISALABAD HYDERABAD SARGODHA QUETTA

ABBOTABAD

KOHAT

Overseas Exam. Facilities at Toronto - Canada, Dubai - UAE and Riyadh - Saudi Arabia

Institute of Cost and Management Accountants of Pakistan

ICMAP Collaboration and Recognition

INTERNATIONAL AFFILIATION INTERNATIONAL / NATIONAL RECOGNITION
Institute of Management Accountants (IMA, USA) International Federation of Accountants (IFAC) The Society of Management Accountants (SMA, Canada) International Accounting Standards Board (IASB) Certified General Accountants (CGA, Canada) South Asian Federation of Accountants (SAFA) The Institute of Corporate Secretaries of Pakistan (ICSP) Confederation of Asian and Pacific Accountants (CAPA) Pakistan Institute of Public Finance Accountants (PIPFA) The Institute of Chartered Accountants of Pakistan (ICAP) The Institute of Internal Auditor (IIA, USA) The Association of Certified Chartered Accountants (ACCA, UK)
The Chartered Institute of Management Accountants (CIMA, UK)

Institute of Cost and Management Accountants of Pakistan

ICMAP Certification & Designation

1.

One year Post Graduate Certificate in Accounting

(will be issued after passing up to Stage-2)

1.

Associate Cost and Management Accountant (ACMA)

2.

Two year Post Graduate Certificate in Cost & Management Accounting

(will be issued after passing up to Stage-4)

(will be issued after completion of all stages and fulfilling membership requirements)
2.

Fellow Cost and Management Accountant (FCMA)

(will be issued after ACMA and fulfilling fellowship requirements)

3.

Cost & Management Accounting Final Certificate

(will be issued on completion of all stages)

Institute of Cost and Management Accountants of Pakistan

ICMAPs Intake Criteria

Graduate degree or Masters degree holder in any discipline or member of any professional body approved by the Institutes Council subject to graduation Minimum 18 years of age on the date of application

Institute of Cost and Management Accountants of Pakistan

Who has to Appear in the Entry Test

B. Com. (3rd division) Graduates of other disciplines (2nd & 3rd division). An equivalent qualification approved by the National Council A candidate who has appeared in the final examination of a bachelor degree and is waiting for the examination results. If such candidate passes the Entry Test, he/she will be granted a provisional admission. However, registration will be granted only when he/she passes the degree examination

Institute of Cost and Management Accountants of Pakistan

Exemption from the Entry Test

1st division graduates of any discipline B.Com (2nd Division) Masters degree holders Holders of BE, MBBS, LLB, CSS, FPSC & PCS Intermediate / FE-I & II / passed up to module D of MFC Scheme (ICAP) Members / Intermediate of PIPFA (formerly AAT) subject to holding bachelor's degree Members / Intermediate of the Institute of Corporate Secretaries of Pakistan Graduates serving abroad Graduates seeking admission in distance learning (correspondence) programme Member of any other professional Institute approved by the ICMAP Council

Institute of Cost and Management Accountants of Pakistan

Provisional Admissions
Candidates who have appeared in the final examination of a bachelor degree and are awaiting results. If such candidates pass the Entry Test, they will be granted a provisional admission. However, registration will be granted only when he/she passes the degree examination.

Institute of Cost and Management Accountants of Pakistan

Study Options & Medium of Instructions

There are three study options available for the CMA Course : Coaching Correspondence (Distance Learning Program) Internet Based Distance Learning Program (IBDLP) English is the Medium examination at ICMAP of instruction and

Institute of Cost and Management Accountants of Pakistan

One year Post Graduate Certificate in Accounting

Code S-101 S-102 S-103 S-104 Stage-1 Fundamentals of Financial Accounting Business Economics Business Law Business English

Code S-201 S-202 S-203 S-204

Stage-2 Fundamentals of Cost and Management Accounting Management and Marketing Business Mathematics & Statistics Introduction to Information Technology

Institute of Cost and Management Accountants of Pakistan

Two year Post Graduate Certificate in Cost and Management Accounting

Code S-301 S-302 S-303 S-304 Stage-3 Financial Accounting Business Taxation Cost and Management Accounting Performance Appraisal Presentation & Communication Skills

Code S-401 S-402 S-403

Stage-4 Advanced Financial Accounting and Analysis Integrated Management Corporate Laws and Secretarial Practices

Institute of Cost and Management Accountants of Pakistan

Cost and Management Accounting Final Certificate

Code S-501 S-502 S-503 Stage-5 Financial Reporting Management Accounting - Decision Making Risk Management and Audit

Code S-601 S-602 S-603

Stage-6 Strategic Financial Management Information Systems and I.T. Audit Management Accounting - Business Strategy

Institute of Cost and Management Accountants of Pakistan

Progression / Study Scheme

Cost and Management Accounting Final Certificate
Comprehensive Examination Stage 6 Stage 5 Two-year Post Graduate Certificate in Cost & Management Accounting Stage 4 Stage 3 One-year Post Graduate Certificate in Accounting Stage 2 Stage 1

5-year post-associateship (ACMA) work experience and completing membership requirements 3-year work experience and completing membership requirements
Completion of 3 year

Fellow Cost and Management Accountant (FCMA)

Code S-101

Courses of Studies
Stage-1 Fundamentals of Financial Accounting and Taxation Business Economics Business Laws Business English Stage-2 Fundamentals of Cost and Management Accounting Management and Marketing Business Mathematics & Statistics Introduction to Information Technology Stage-3 Financial Accounting Information Systems and I.T. Audit Cost and Management Accounting Performance Appraisal Presentation & Communication Skills Stage-4 Advanced Financial Accounting and Analysis Integrated Management Corporate Laws and Secretarial Practices Stage-5 Management Accounting - Decision Making Risk Management and Audit Business Taxation Stage-6 Strategic Financial Management Financial Reporting Management Accounting - Business Strategy

Associate Cost and Management Accountant (ACMA)

S-102 S-103 S-104 Code S-201 S-202 S-203 S-204 Code S-301 S-302 S-303 S-304 Code S-401

1-year work experience

Cost and Management Accounting Financial Certificate Stage 6 Stage 5

Completion of 2 year

6 months work experience

2-year Post Graduate Certificate in Cost and Management Accounting Stage 4 Stage 3

S-402 S-403 Code S-501 S-502 S-503 Code S-601 S-602 S-603

Completion of 1 year

1-year Post Graduate Certificate in Accounting Stage 2 Stage 1

Exemption from Entry Test

On entry test exemptions, some professionals may either directly go to Stage 4 or higher stage

Through Entry Test

Holders of any recognized post-graduate qualification i.e., M.Com, MBA, MA, M.Sc., etc First class graduates (any discipline) / B.Com (2 nd div.) Holders of BE, MBBS, LLB, CSS, FPSC, PCS Intermediate / FE-I&II / passed upto module D of MFC Scheme (ICAP) Intermediate PIPFA with graduation Intermediate of ICSP or any other professional institute as approved by the ICMAP Council Graduates serving abroad Graduates seeking admission in distance learning (correspondence) programme

B. Com. (3rd division) Graduates of other disciplines (2nd & 3rd division) An equivalent qualification approved by the National Council A candidate who has appeared in the final examination of a bachelor degree and is waiting for the examination results. If such candidate passes the Entry Test, he/she will be granted a provisional admission. However, registration will be granted only when he/she passes the degree examination.

Fresh Intake / Entry to CMA Programme at ICMAP

Institute of Cost and Management Accountants of Pakistan

Course Exemptions*
Total Courses

21

MBA/M.Com 09 MPA .. 08 Members of PIPFA/ICSP 07 MA/B.Com/BBA/B.Sc. . 03 BBA Honors .. .. 05 M.Sc ... 04 B.E. .. . 02 BA/BCS . 01 * Conditions Apply Exemptions are also available to other professionals and members of professional bodies / institutions.

Institute of Cost and Management Accountants of Pakistan

HEC Equivalency
Higher Education Commission (HEC) formerly University Grants Commission (UGC) has recognized ICMAP qualification as equivalent to Masters degree for all purposes of higher qualification and for all finance and accounting jobs.
Source: 1st Meeting of the Equivalence & Accreditation Committee on 5th and 18th April 2003 at HEC Islamabad, www.hec.gov.pk

Institute of Cost and Management Accountants of Pakistan

Fee Structure
Stage Course Course Sr. Code Course Name Total Total Total Total Total Total Fee 11,690 11,690 14,445 13,065 14,445 15,130 80,465 -

Stage - 1 Stage - 2 Stage - 3 Stage - 4 Stage - 5 Stage - 6 Grand Total Comprehensive Examination

Exemption Exam Fee Fee 14,445 2,065 14,445 2,065 17,190 2,200 15,130 2,200 16,920 2,620 18,015 2,750 96,145 13,900 2,500 -

Scholarship / Financial Assistance

Provide professional education to as many students at low cost as possible. Following are the criteria for financial assistance: Subsidies and Grants through Qarz-e-Hasanah Merit Based Scholarship for fresh students Performance Based Scholarship for existing students Upto 100% waiver in tuition fee for needy students

Institute of Cost and Management Accountants of Pakistan

Facilities at ICMAP

FACULTY On an average we recruit 200 to 250 visiting faculty members all over Pakistan in every session according to our evaluation on the basis of the following:
Students Feedback about the faculty in the last session (Manually & Computerized) Faculty Analysis on the basis of Examination Result. Regularity & dedication Qualification and experience of teaching at Graduation / Masters level

LIBRARIES ICMAP libraries contain best collection of books and magazines on Management Accountancy in Pakistan. Around 5000 books available for research, reference and lending. The Institute is a regular subscriber of 50 international journals COMPUTER LABS We have air-conditioned labs equipped with the latest computers, sound system etc.

Institute of Cost and Management Accountants of Pakistan

Proficiency Awards

M. SHOAIB GOLD MEDAL NDFC GOLD MEDAL BILLIMORIA GOLD MEDAL D. R. PATTON GOLD MEDAL KRB MEDAL CERTIFICATE OF MERIT SPECIAL CERTIFICATE OF MERIT & CASH AWARD

Institute of Cost and Management Accountants of Pakistan

Teaching Methodology and Professional Development

Core Learning

Professional Development

Lectures Assignments Presentations Guests Speaker Sessions Role Modeling Industry Visits Research Class Tests Final Assessment

Workshop Seminars Guest speaker sessions Conferences Practical training Internships Continuing professional education

Institute of Cost and Management Accountants of Pakistan

Ladder to Leadership
Strategic Leadership Positions

FCMAs
Chairman CEOs / MDs / CEs Chief Financial Advisor Chief Financial Officer Chief Operating Officer Executive Director Director General Director Finance / Accounts Company Secretary

Top Management Positions

ACMAs
General Manager Management Consultant Cost / Finance Consultant Financial Controller Finance Secretary Head of Accounts / Finance Chief Accountant Chief Auditor Senior Manager Dy. Director Accounts / Finance

Senior Managerial Positions

Cost & Mgmt. Accounting Final Certificate

Middle Management Positions

2-Year PG Certificate in Cost & Mgmt. Accounting

Entry Level Positions

1-Year Certificate in Accounting

Associate Accounts / Finance Assistant Accounts / Fin. / Audit Accounts / Finance / Audit Officer Junior Accountant Management Trainee

Dy. Manager Costing / Finance Accountant Officer Costing / Finance Senior Associate Accounting / Finance Assistant Manager Internal Audit Assistant Manager Finance / Accounts Assistant Treasurer Supervisor Accounts / Finance

Manager Costing / Accounts / Finance Senior Accountant Management Accountant Financial Analyst Internal Auditor Assistant Director Manager Taxation / Compensation / Admin. / Treasury Manager Costing & Budgeting Cost Auditor Portfolio Analyst Senior Officer Costing / Finance / Audit

Active Members & Qualified At Top Management positions At Middle Level Management positions Overseas

Over 2,900 50% 30% 20%

Institute of Cost and Management Accountants of Pakistan

Reasons to Join ICMAP

Professional collaboration with national and international accounting bodies / institutions New curriculum designed in accordance with requirement and guidelines prescribed by International Federation of Accountants (IFAC) Highly qualified and experienced faculty State-of-the-art library, computer labs and air-conditioned class rooms equipped with modern training aids Nationwide 12 and abroad examination centers Transparent and competency-based examination system Proficiency awards on students performance in ICMAP examinations Scholarship and Financial assistance for outstanding and deserving students Training programmes for personal grooming and developing interpersonal and communication skills CMAs are eligible to be appointed as CFOs and Company Secretaries under Code of Corporate Governance and Companies Ordinance, 1984; and Internship and placement services

Institute of Cost and Management Accountants of Pakistan

To Conclude
Learning Changes us because it enlarges the realm of our ignorance, teaching us what we do not know but telling us then how to find it out