EXEMPTION POLICY

ICMAB EXEMPTION POLICY

[FOR 2021 CURRICULUM]

Completion of Higher Secondary School (12-year education) or equivalent years of studies is the minimum student entry requirement in the CMA program of ICMA Bangladesh.  However, students joining the CMA program through the Graduate Entry Route (GER) or Professional Entry Route (PER) will enjoy an accelerated route which is based on the assessment of previous qualifications. This policy also offers waiver facilities for Intermediate Entry Route (IER) students. This document is the written policy for allowing exemptions to incumbents from eligible papers which is subject to change by the authority of ICMAB.

FOR STUDENTS UNDER THE INTERMEDIATE ENTRY ROUTE [IER]

A concurrent waiver facility for graduating students under ‘subject to subject waiver’ (as in point 3 of GER exemption policy) is allowed. This allows IER students who are simultaneously continuing the graduation program to apply for exemption in the relevant course(s) they have already completed in their graduation program. Here, the required average GPA/marks in the relevant subject(s) shall be, 3.00/50% marks for public university students and 3.20 for private university students.

FOR STUDENTS UNDER THE GRADUATE ENTRY ROUTE [GER]

Regular waiver:

Students from all public and private universities will be granted exemption in 3 (three) subjects of Foundation Level (except paper FR111: Fundamentals of Financial Accounting) fulfilling the following conditions.

Public Universities Minimum CGPA (out of 4)/Marks Exemption [Course Name & Code]
   

1.       Business Quantitative Analysis [TA112]

2.       Business Economics & International Business [EF113]

3.       Fundamentals of Management & Business Communication [MS114]

·         BBA 3.00
·         4 years BBS (Hon’s) 3.00/50%
·         3 Years B.Com + Master/MBA Separately CGPA 3.00 or 50% marks
Private Universities  
·         BBA 3.20

Advanced waiver:

This exemption shall allow BBA/BBS students to get waiver in courses in addition to the regular waiver stated in (1) above. Subject to the following conditions, this exemption is allowed for students from all public universities and selected private universities where the Council of the Institute shall select the private universities from time to time. A list of the selected private universities is given at the end of this policy.

  Minimum CGPA (out of 4)/Marks Exemption [Course Name & Code]

Major in Accounting/AIS/Finance

3.40/60%

1.       Fundamentals of Financial Accounting [FR111]

2.       Business Quantitative Analysis [TA112]

3.       Business Economics & International Business [EF113]

4.       Fundamentals of Management & Business Communication [MS114]

5.       Information & Communication Technologies [TA223]

6.       Marketing & Supply Chain Management [MS224]

Major other than Accounting/AIS/Finance

3.40/60%

1.       Business Quantitative Analysis [TA112]

2.       Business Economics & International Business [EF113]

3.       Fundamentals of Management & Business Communication [MS114]

4.       Information & Communication Technologies [TA223]

5.       Marketing & Supply Chain Management [MS224]

Subject to subject waiver

If an incumbent failed to avail of the benefits mentioned in points Regular waiver & Advanced waiver above due to CGPA or marks below the threshold, they can also apply for exemptions fulfilling the following conditions:

  • The minimum GPA of the equivalent paper shall be 3.00 out of 4.00 (or 50% of average marks under the traditional assessment system) for public universities and 3.20 out of 4.00 for private universities.
  • Graduates from a private university that is not included in the selected private university list (as given at the end of this policy) can apply for a maximum of three (3) courses (i.e., Business Quantitative Analysis [TA112], Business Economics & International Business [EF113], and Fundamentals of Management & Business Communication [MS114]) waiver under this scheme.
  • Public university/selected private university graduates under this scheme can apply for a maximum of six (6) courses (i.e., Fundamentals of Financial Accounting [FR111], Business Quantitative Analysis [TA112], Business Economics & International Business [EF113], Fundamentals of Management & Business Communication [MS114], Information & Communication Technologies [TA223], and Marketing & Supply Chain Management [MS224]) waiver if their major was in Accounting/Accounting Information Systems or Finance. Otherwise, number of eligible courses will be five (5) (i.e., Business Quantitative Analysis [TA112], Business Economics & International Business [EF113], Fundamentals of Management & Business Communication [MS114], Information & Communication Technologies [TA223], and Marketing & Supply Chain Management [MS224]).
  • Non-business graduates are also allowed to apply for exemption under this scheme.
  • Students need to submit attested detailed course outline from the universities they have studied.
  • Contents of the submitted course outline(s) should match at least 75% of the contents of the corresponding ICMAB paper to qualify for eligibility.
  • The decision of the ICMAB authority is final in the whole mapping process. 

     

    FOR STUDENTS UNDER THE PROFESSIONAL ENTRY ROUTE [PER]

    PER students shall apply for exemption by addressing the Chairman of the Education Committee. The Education Committee shall finalize the appropriate number and name of the exempted courses against each applicant. However, ICMAB does not entertain any such application of a member who is a member of the concern professional body by virtue of a mutual recognition agreement with another professional body.

    LIST OF THE SELECTED PRIVATE UNIVERSITIES: 

    1. American International University – Bangladesh
    2. Brac University
    3. Daffodil International University
    4. East Delta University
    5. East West University
    6. Independent University, Bangladesh
    7. International Islamic University Chittagong
    8. International University of Business Agriculture and Technology
    9. North South University
    10. United International University
    11. University of Liberal Arts Bangladesh

     

EXEMPTION CALCULATOR

Click on the following link to check the possible ICMAB courses for which you can apply for exemption.

ICMAB Exemption Calculator

OTHER INFORMATION

Notes

  • To apply for exemption under IER/GER, one must be enrolled in the relevant level(s) of the CMA program.
  • In all cases, original Certificates and Transcripts of bachelor’s degree (Pass/Hon’s), Master Degree/MBA Degree (if any) and Membership Certificate of Professional Degree (if any) need to be shown and a photocopy of the same to be submitted to ICMAB office along with the copy of exemption payment slip.
  • It is to be mentioned that payment for exemption application does not mean that exemption will be granted. Granting exemption depends on fulfillment of all the relevant conditions and the decision of the ICMAB authority.
  • For subject to subject waiver, students need to submit detailed course outline duly attested by a faculty of at least Assistant Professor Level from the Universities/Colleges they studied.
  • Contents of the submitted course outline(s) should match at least 75% contents of the corresponding ICMAB paper to qualify the eligibility.
  • The decision of ICMAB authority is final in mapping courses in this regard.

 

Application Procedure

  • Go to icmab.gov.bd and click on My ICMAB at the top right corner.
  • Login with your Registration Number as user name &
  • Select Exemption from the menu bar; choose Subjects you are asking for exemption & click on
  • Pay the fees and submit relevant documents (mentioned above) along with deposit slip to ICMAB office from 10.00 a.m. to 5.30 p.m. on working days.

 

ICMAB EXEMPTION POLICY
[FOR 2015 CURRICULUM]

 
1) Exemption for Approved Academic Qualification (Regular): Students from the all public universities and selected private universities* fulfilling the following conditions will be granted 4 (four) subjects exemption in Business Level (except paper GE 05):

Universities

Degree

Concentration

Result

Exemption

All Public Universities BBA Any CGPA 3.00 out of 4.00 GE01, GE02, GE03 and GE04
4 years B.Com /BBS (Hon’s) Accounting or Finance 3.00 or 50% marks
3 years B. Com (Hon’s) Plus 1 year Master Accounting or Finance 50% marks (separately)
3 years B. Com (Hon’s) Plus MBA Accounting or Finance 50% marks and CGPA 3.00 out of 4.00
Selected Private Universities BBA Accounting or Finance CGPA 3.20 out of 4.00 GE01, GE02, GE03 and GE04

* (List of selected Private Universities is given in Annex 1).

2) Exemption for Approved Academic Qualification (Advanced): This exemption is only allowed if the applicants fulfill the following conditions and the degree offering entity is an independent department of approved university**.

Universities Degree Department Result Exemption
Public or Private Universities BBA Accounting or Accounting and Information Systems CGPA 3.50 GE01, GE02, GE03, GE04 and E1

In this case, students need to submit a testimonial given by the Head or Chairman of the Department along with Certificate and Transcript of the aforesaid degree.
** (List of Universities having independent department of Accounting or Accounting and Information Systems is given in Annex 2).

3) Exemption for Approved Academic Qualification (Documentation Based): If an incumbent failed to avail the benefits mentioned in point 1 above due to CGPA or marks below the threshold, they can apply for exemption in the respective papers of Business Level (maximum 4 papers except GE 05) subject to fulfill the following conditions:

  • Minimum GPA of the equivalent subject is 3.00 out of 4.00 for public university and 3.20 out of 4.00 for private universities or 50% of average marks under traditional assessment system.
  • Students need to submit detailed course outline duly attested by a faculty of at least Assistant Professor Level from the Universities/Colleges they studied.
  • Contents of the submitted course outline(s) should match at least 75% contents of the corresponding ICMAB paper to qualify the eligibility.
  • For the purpose of allowing exemptions, Approved Academic Qualification means such qualifications which are approved by ICMAB authority based on the mapping of respective academic curriculums with that of ICMAB. The decision of ICMAB authority is final in whole mapping process.

4. Exemptions for Members of Professional Bodies

  • Qualified Member of The Institute of Chartered Accountants of Bangladesh (ICAB), Association of Chartered Certified Accountants (ACCA) & Institute of Chartered Secretaries of Bangladesh (ICSB) will be granted 4 (four) subjects exemption in Business Level (except paper GE 05).
  • The member of CIMA (UK) / CPA (USA) / CGA (Canada) / other equivalent foreign Professional Accounting body may be granted exemption on different subjects / level recommended by the Education Committee and approved by the ICMAB National Council.

Note:

  1. Conditions mentioned in serial nos. (1) & (2) will only be applicable for newly admitted students of ICMAB from July-December, 2015 session and onward.
  2. In case of serial nos. (1), (2) & (3), original Certificates and Transcripts of Bachelor Degree (Pass/Hon’s), Master Degree/MBA Degree, Professional Degree to be shown and a photocopy of the same to be submitted to ICMAB (separately from Admission procedure) along with the copy of exemption payment slip.
  3. In case of serial nos. (4), original Membership Certificate from Professional Bodies to be shown and a photocopy of the same to be submitted to ICMAB along with all academic Certificates & Transcripts and copy of the exemption payment slip.
  4. It is to be mentioned that payment of exemption applications does not mean that exemption will be granted. Granting exemption depends on the fulfillment of all the aforesaid conditions.

Application Procedure:

  1. Go to www.icmab.gov.bd and click on My ICMAB at the top right corner.
  2. Login with your Registration Number as user name & Password.
  1. Select Exemption from the menu bar; choose Subjects you are asking for exemption & click on.
  2. Pay the fees and submit relevant documents (mentioned above) along with deposit slip to ICMAB office from 10.00 a.m. to 5.30 p.m. on every working day.

Annex-1: List of selected Private Universities

  • American International University – Bangladesh
  • BRAC University
  • Daffodil International University
  • East West University
  • Eastern University
  • Independent University Bangladesh
  • North South University and
  • United International University

Annex-2: List of Universities having independent Department of Accounting or Accounting and Information Systems

Public Universities

  • Bangabandhu Sheikh Mujibur Rahman Maritime University
  • Bangabandhu Sheikh Mujibur Rahman Science & Technology University
  • Bangladesh University of Professionals
  • Barisal University
  • Begum Rokeya University
  • Comilla University
  • Hajee Mohammad Danesh Science & Technology University
  • Islamic University
  • Jagannath University
  • Jahangirnagar University
  • Jatiya Kabi Kazi Nazrul Islam University
  • Mawlana Bhashani Science & Technology University
  • National University
  • Patuakhali Science And Technology University
  • University of Chittagong
  • University of Dhaka
  • University of Rajshahi

Private Universities

  • American International University-Bangladesh
  • Bangladesh University of Business & Technology
  • Chittagong Independent University
  • Exim Bank Agricultural University, Bangladesh
  • Independent University, Bangladesh
  • United International University

Exemption Policy for ICAB Members: 

Download Policy

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