Frequently Ask Questions (FAQs)

Is it a government organization?

ICMAB is a statutory organization constituted by the Government and administered by the Ministry of Commerce, Government of the People’s Republic of Bangladesh

Is CMA a government degree?

Yes, as ICMAB is a statutory organization operated under the Ministry of Commerce

What is a CMA degree/certification/qualification?

CMA is a globally recognized professional accounting degree/certification/qualification, with specialization in the field of cost and management accounting.

Does ICMAB solely offer Cost and Management Accountant (CMA) certifications?

Yes, ICMAB is the sole authority that offers and confers the Cost and Management Accountant (CMA) certification

What is the duration of the CMA course?

It usually takes 2.5 years. This course has been designed with 5 levels, a total of 2000 Marks. 

What is the admission fee for CMA Course?

The admission fee is Tk. 28,500

What is the fee for the CMA course?

Total costs to complete the CMA degree are assumed to be around Tk. 100,000 (Including Admission fee)

What are the different types of CMA Admission system?

Two types. One is Coaching and another is Correspondence 

What is the difference between a coaching and correspondence system?

Coaching system requires a student to attend at least 75% of the class physically, whereas  Correspondence system requires one to submit assignments but no physical class is mandatory.

             What is the schedule for Admission, Class and exam?

 Admission Session

January-June Session

July-December Session

 Admission Type Coaching Correspondence Coaching Correspondence

Admission

 

December 01-Mid/End of February (Up to the Start of Class)

December 01-March 31

 

June 01-Mid/End of August (Up to the Start of Class) June 01- September 30

 

Class

 

February to June August to December

Exam

 

Three times a year: January, May, and September.

Is it possible to complete the CMA course besides a full-time job?

Yes, the correspondence system allows a student to complete the full CMA course alongside their full-time job

Is a CMA degree equivalent to a BBA degree?

No. CMA is a globally recognized professional certification/qualification offered by ICMAB – a statutory body under the Ministry of Commerce. In contrast, BBA is an academic degree offered by public and private universities.

Is a CMA degree equivalent to an ACCA degree?

This is true to some extent in the sense that both are internationally recognized professional accounting certifications/degrees. However, CMAs have expertise in the field of cost and management accounting in addition to financial reporting, taxation, and financial management. In contrast, ACCAs have expertise in the fields of financial accounting and reporting, financial management, tax, and audit.

Could you please share the link for the online admission?

https://erp.icmab.gov.bd/erp_icmab/Home/Default.aspx

Difference between ICMAB and ICAB?

ICMAB produces professional cost and management accountants [CMA, having expertise in cost management, financial management, financial reporting, taxation, etc.] whereas ICAB produces chartered accountants [CA, having expertise in auditing, taxation, financial reporting, etc.].However, both are professional accounting organizations administered by the Ministry of Commerce of Govt of Bangladesh.

Difference between ICMAB and ACCA?

ICMAB is a statutory organization constituted by the Government, and administered by the Ministry of Commerce, Government of the People’s Republic of Bangladesh. It produces professional cost and management accountants [CMA, having expertise in cost management, financial management, financial reporting, taxation, etc.]. Whereas, ACCA is a professional accounting organization based in the UK, that produces chartered certified accountants [ACCA, having expertise in auditing, international taxation, financial reporting, etc.].

Difference between ICMAB and ICSB?

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is the national body of the professional Cost and Management Accountants of Bangladesh. ICMAB graduates are known as CMA having expertise in cost management, financial management, financial reporting, taxation, etc., and hold the position of CFO, CEO, COO, Head of Accounts and Finance, etc.In contrast, The Institute of Chartered Secretaries of Bangladesh (ICSB) is the recognized professional body to develop, promote, and regulate the profession of Chartered Secretary in Bangladesh. ICSB graduates are expected to hold the position of company secretary. However, both are professional accounting organizations administered by the Ministry of Commerce of Govt of Bangladesh.

What is the difference between CMA and BBA?

CMA is a professional degree/qualification in the field of cost and management accounting and is highly valued in the accounting and finance field.  In contrast, BBA is a bachelor’s degree focusing on a pool of courses in the field of business such as accounting, marketing, management, finance, and so on.

 

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