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.

Apply basic approaches for use in decision making

Demonstrate the use of Investment Appraisal

Techniques in making long term decision making