Partnership with Jagannath University
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) and the Department of Accounting and Information Systems of Jagannath University (JnU) signed a Memorandum of Understanding (MoU) on Thursday, 19 October 2023 at the JnU Vice Chancellor’s Conference Room. Mr. Md. Kausar Alam FCS, FCCA, ACA (ICAEW), FCMA, Secretary of ICMAB, and Prof. Dr. Kamaluddin Ahmed, Treasurer of JnU, signed the MoU on behalf of the respective institutes. Prof. Dr. Mohammad Zakaria Masud FCMA, Director, Academic Affairs Division of ICMAB, Ms. Monowara Begum FCMA, Deputy Director and Head of Education Department of ICMAB, Deans of the Faculties, JnU, Professor Mohammad Shofiqul Islam, Chairman, Department of Accounting & Information Systems of JnU, and faculty members of the university witness the signing ceremony. Under this agreement, JnU students/graduates could avail of ICMAB course exemption benefits and admission scholarships in pursuing the CMA program. Similarly, these partnering institutions agreed to work together in areas within the core business area of both institutions. The Treasurer of JnU expressed his appreciation to ICMAB and requested the faculty members to keep the partnership alive with innovative activities. ICMAB Secretary thanked the JnU authority for establishing the partnership on their Foundation Day. He opined that this partnership indicates both institutions’ commitment to excellence, innovation, and the advancement of the accounting profession. All the participants highly appreciated the initiative and agreed to work together to fulfill the MoU’s objectives.
MoU Summary
ICMAB’s Offer for Jagannath University (JnU) Graduates
This offer is effective from the 19th day of October 2023
ICMAB COURSE WAIVER FOR JnU BBA GRADUATES
JnU 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 JnU 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 JnU with minimum average GPA of 3.00 in a 4-point scale.
Table 1: ICMAB exemption policy for JnU BBA graduates
| ICMAB courses subject to exemption for JnU BBA graduates | |||
|
BBA graduates from JnU 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 | |||
|
Graduates with minimum CGPA 3.0 in a scale of 4 shall get waiver in three subjects.
|
TA112, EF113, MS114 | ||
| Advanced Waiver | |||
| Graduates with minimum CGPA 3.4 in a scale of 4 shall get waiver in five subjects. | TA112, EF113, MS114, TA223, MS224 | ||
| Graduates (major in Accounting/Finance) with minimum CGPA 3.4 in a scale of 4 shall get waiver in six subjects. | FR111, TA112, EF113, MS114, TA223, MS224 | ||
| Subject to Subject Waiver | |||
| Graduates failed to avail regular or advanced waiver shall be allowed to enjoy exemption benefit securing average GPA of no less than 3.0 (in a scale of 4) in the equivalent subject(s) of the BBA program as stated below. | |||
|
ICMAB Course Code |
JnU Equivalent Course Code |
||
| FR111 | ACCT 1101, ACCT 1201 | ||
| TA112 | ACCT 1104, ACCT 1204, ACCT 2103 | ||
| EF113 | ACCT 1102, ACCT 2104, ACCT 2204 | ||
| MS114 | ACCT 1103, ACCT 1105 | ||
| TA223 | ACCT 1202 | ||
| MS224 | ACCT 1205, ACCT 4203 | ||
ICMAB ADMISSION SCHOLARSHIP FOR JnU GRADUATES
JnU BBA/MBA graduates shall enjoy the admission scholarship facility for pursing ICMAB courses. The scholarship covers the ICMAB admission cost (i.e., Tk. 28,500) as stated in Table 2.
Table 2: ICMAB Admission Scholarship for JnU Graduates
| Criteria | Additional requirement |
Scholarship Percentage |
|
| [Result of the Bachelor Program] | |||
| BBA Graduates | CGPA: 3.60 (for male) | – | 100% |
| CGPA: 3.50 (for female) | – | 100% | |
| CGPA: 3.50 (for male) | – | 50% | |
| CGPA: 3.40 (for female) | – | 50% | |
|
MBA Graduates |
CGPA: 3.70 (for male) | CGPA: 3.50 or 55% marks | 100% |
| CGPA: 3.60 (for female) | CGPA: 3.40 or 50% marks | 100% | |
| CGPA: 3.60 (for male) | CGPA: 3.40 or 50% marks | 50% | |
| CGPA: 3.50 (for female) | CGPA: 3.30 or 50% marks | 50% |