Associate Chartered Management Accountant (ACMA) | ACMA | ICMAP | Acma career in pakistan Pakistan | Admission in ACMA

Careers in Associate Cost and Management Accountancy (ACMA) Overview: ACMA are leaders in cost and management accounting. The role and importance of cost and management accountants has increased manifold on account of growing competition in the corporate sector. Broadly speaking, their job comprises of closely analyzing costs and devising ways to reduce it as far as possible. Cost and Management accounting helps in planning, monitoring and controlling the cost and price of a product or a service. They evaluate the operating efficiency and effectiveness of production and service management by collecting, compiling, organizing, verifying, comparing and analyzing information from different departments of the organisation. The evaluation process involves critical monitoring of relevant costs and overheads like material, labour, and capital costs etc., involved in making a product or providing a service. They analyze the sales trend to strike a balance between the demand and supply and to prevent over-production. They also monitor the performance to spot and report on problems and prevent them from occurring in future. This analysis helps in comparing the financial performances, making assessments and projections, providing figures for future costing and pricing policies and other managerial decisions. In Pakistan, Cost and Management Accountants are members of the Institute of Cost and Management Accountants of Pakistan (ICMAP): Study Route: Courses of ACMA: Stage-1 Fundamentals of Financial Accounting and Taxation Business Economics Business Laws Business English Stage-2 Fundamentals of Cost and Management Accounting Management and Marketing Business Mathematics and Statistics Introduction to Information Technology Stage-3 Financial Accounting Cost and Management Accounting Performance Appraisal Business Taxation Presentation and Communication Skills Stage-4 Advanced Financial Accounting and Analysis Integrated Management Corporate Laws and Secretarial Practices Stage-5 Management Accounting – Decision Making Risk Management and Audit Financial Reporting Stage-6 Strategic Financial Management Information Systems and I.T. Audit Management Accounting – Business Strategy Exemption from Entry Test: Holders of any recognized post-graduate qualification i.e., M.Com, MBA, MA, M.Sc., etc First class graduates (any discipline) / B.Com (2nd division) Sale tax audit / Withholding tax audit Holders of BE, MBBS, LLB, CSS, FPSC, PCS Intermediate PIPFA with graduation Intermediate of ICSP or any other professional institute as approved by the ICMAP Council Intermediate PIPFA with graduation Graduates serving abroad Graduates seeking admission in distance learning (correspondence) programme. On entry test exemptions, some professionals may either go directly to stage 2 or higher stage. Where to Study: Institute of Cost and Management Accountants of Pakistan There are two main modes of study at ICMAP: Coaching Classes: Coaching classes are offered in two shifts, morning and evening. Correspondence Course Scheme: The Institute, besides coaching, also provides facilities of correspondence courses at Karachi, Lahore and Islamabad campuses. This facility can be availed by all those who cannot attend coaching classes. Students who are enrolled under the correspondence course programme must submit 100% assignments of all subjects in the session in which the examination is to be taken. ICMAP Centres ICMAP is operating 12 centres across Pakistan. Campuses are located at Karachi, Hyderabad, Lahore, Islamabad, Quetta, Multan, Peshawar, Abbotabad, Faisalabad, Sargodha, Rahimyarkhan and Kohat. Head Office: ICMAP Building, ST-18/C, Block-6, Gulshan-e- Iqbal, Karachi, 75300. Phone: (9221)9243900-4, Fax: (9221) 9243342 Website: http://www.icmap.com.pk Required Attributes: A qualified cost and management accountant can have a challenging and rewarding career in the following fields: An analytical mind, a logical and methodical approach and numerical ability helps accountant present their findings accurately. They need to be able to think logically and interpret facts and figures accurately. Good verbal and written expression is also necessary to be able to discuss financial matters. Good judgmental qualities for future projections and forecasts regarding the prices, costs etc Career Prospects: A qualified cost and management accountant can have a challenging and rewarding career in the following fields: Management accounting Financial audit Certification under prudential regulation Corporate advisory services Management consultancy Withholding tax audit Besides the above, management accountant can act as liquidator, trustee, executor, administrator, arbitrator, representative etc.  Go to Back / Go to Next / Go to Main