Partnership with USTC
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) and the University of Science and Technology Chittagong (USTC) have reached a significant milestone in their commitment to academic excellence and professional advancement in accounting. On Wednesday, May 8, 2024, a Memorandum of Understanding (MoU) was officially signed at the USTC FBA Seminar Room, marking a new era of collaboration and opportunity for students and professionals. The MoU was signed by Prof. Dr. Md. Salim Uddin FCA, FCMA, President of ICMAB, and Prof. Dr. Mohammed Solaiman, Vice Chancellor of USTC, in a ceremony witnessed by key representatives from both institutions. Among the attendees from ICMAB were Mr. Md. Akhtaruzzaman FCMA, Vice President, ICMAB; Mr. Md. Mahbub-Ul-Alam FCMA, Executive Director, ICMAB, Mr. Pradip Paul FCA, FCMA Chairman, Chattogram Branch Council, Mr. Mohammad Shaheed, FCA, FCMA, Vice Chairman, Chattogram Branch Council, Mr. Rakibul Islam Mayshan FCMA, Secretary, Chattogram Branch Council and Mr. Rizwan Hassan ACMA, Treasurer, Chattogram Branch Council; Mr. Mohammedul Hoque, Assistant Director, Chattogram Branch, conversely Mr. Rupam Chowdhury, Associate Professor, FBA, Mrs. Fahmida Ahmed, Associate Professor, FBA, Dr. Md. Akther Uddin, Associate Professor, FBA, Mrs. Chandra Das, Associate Professor, FBA, Mrs. Lutfun Naher, Assistant Professor, FBA, Dr. Shahanara Basher, Assistant Professor, FBA, Dr. Md. Sajjad Hosain, Assistant Professor, FBA, Dr. Mohammad Arif, Assistant Professor, FBA, Mrs. Syeda Nusrat, Lecturer, FBA, Mrs. Syeeda Jabeen Sany, Lecturer, FBA, Mrs. Rabeya Akter, Lecturer, FBA, Mr. Ahmed Siffat Naveel Nur, FBA, Lecturer FBA, on behalf of USTC Faculty of Business Administration witnessed the ceremony.
This agreement paves the way for USTC students and graduates to benefit from course exemptions and admission scholarships when pursuing the CMA program. The collaboration extends beyond these benefits, with ICMAB and USTC committing to work together in areas that align with their core business interests. During the ceremony, the Vice Chancellor of USTC, Prof. Dr. Mohammed Solaiman, expressed his gratitude towards ICMAB and encouraged faculty members to nurture this partnership through innovative activities. ICMAB President, Prof. Dr. Md. Salim Uddin, lauded USTC for their cooperation and emphasized the partnership’s role in promoting excellence, innovation, and advancement in the accounting profession. The initiative was praised by all participants who agreed to actively work towards fulfilling the objectives set out in the MoU.
MoU Summary
ICMAB’s Offer for University of Science and Technology Chittagong (USTC) Graduates
This offer is effective from the 09th day of May 2024
ICMAB COURSE WAIVER FOR USTC BBA GRADUATES
USTC BBA graduates shall enjoy the waiver facility for pursing CMA program from ICMAB fulfilling the requirements of Table 1. Moreover, students aspire to pursue CMA program simultaneously with USTC BBA program, shall enjoy waiver of the listed ICMAB subjects (under ‘subject to subject’ waiver of table 1) if they have completed the corresponding subject(s) from USTC with minimum average GPA of 3.20 in a 4-point scale.
Table 1: ICMAB exemption policy for USTC BBA graduates
| ICMAB courses subject to exemption for USTC BBA graduates | |||||||||||||||
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BBA graduates from USTC shall get waiver from the following six (6) courses of ICMAB fulfilling the required conditions: 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 Technology [TA223] 6. Marketing & Supply Chain Management [MS224]
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| Exemption Type & Criteria | ICMAB Course Code | ||||||||||||||
| Regular Waiver | |||||||||||||||
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· Graduates with minimum CGPA 3.2 in a scale of 4 shall get waiver in three subjects.
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TA112, EF113, MS114 | ||||||||||||||
| Subject to Subject Waiver | |||||||||||||||
| · Graduates failed to avail regular waiver shall be allowed to enjoy exemption benefit securing average GPA of no less than 3.20 (in a scale of 4) in the equivalent subject(s) of the BBA program as stated below. | |||||||||||||||
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