ICMA International Certifications Program
Set up in 1951, the Institute of Cost and Management Accountants of Pakistan (ICMA) is the driving force behind the management accounting profession in Pakistan. Our mission is to organize and promote this dynamic sector, empowering professionals to reach new heights of success.
ICMA International Certifications Program
Institute of Cost and Management Accountants
The Institute of Cost and Management Accountants of Pakistan was established in 1951 and chartered under the Cost and Management Accountants Act 1966 to regulate the cost and management accounting profession. ICMAP provides cost and management accounting education, training, and professional certification in Pakistan. ICMAP is a member of the International Federation of Accountants (IFAC), International Accounting Standards Board (IASB), Confederation of Asian and Pacific Accountants (CAPA), and South Asian Federation of Accountants (SAFA).
ICMA Certification
Students pursuing CMA certification based on 14 or 16 years of education can pay the enrollment fee in two equal installments. However, a charge of 10% will be added to the prescribed enrollment fee. The first installment is paid at the time of registration and admission to the first relevant level, while the second installment is paid at the time of admission to the next higher level.
ICMA Fixed Income Certificate
The ICMA Fixed Income Certificate (FIC) has been an essential qualification for market professionals for over 50 years. This certification focuses on developing practical skills for trading, investing, and risk management in fixed income markets. The training builds on existing knowledge of fixed income markets to equip candidates with the skills to compete globally.
Certification and Program Identification
The ICMA course is certified by ICMA and the ICMA Centre, Henley Business School, University of Reading, and accredited by the CPD® Certification Service. ICMA suggests that 50 learning hours are associated with this course based on the hours needed to achieve the learning outcomes.
A certificate of completion is awarded to those who pass the final exam. ICMA is a member of the CPD® Certification Service and is approved by the Securities and Futures Commission of Hong Kong as a Continuing Professional Training (CPT) provider.
Join the ICMA Certification Program
Students with 14 or 16 years of education are eligible to join the CMA certification program. They can pay the enrollment fee in two equal installments, with a 10% increase on the prescribed registration fee applied.
Updated Information
As of July 26, 2024, ICMA has introduced new programs and collaborations to enhance professional training and certification standards. These initiatives include partnerships with international institutions to offer advanced courses and workshops.
FAQs
How are the enrollment fee installments arranged?
The first installment is paid by students at the time of registration and admission to the first relevant level, while the second installment is paid at the time of admission to the next higher level.
What is the ICMA Fixed Income Certificate (FIC)?
The ICMA Fixed Income Certificate (FIC) is a certification essential for market professionals for over 50 years, focusing on developing practical skills for trading, investing, and risk management in fixed income markets.
What does FIC training involve?
FIC training emphasizes broad and in-depth knowledge of key fixed income instruments and markets. It includes exercises to assess and test candidates’ knowledge, providing practical skills for day-to-day business activities.
Is the FIC course certified?
Yes, the FIC course is certified by ICMA and the ICMA Centre, Henley Business School, University of Reading. It is also accredited by the CPD® Certification Service.
How many learning hours are associated with the FIC course?
ICMA suggests that 50 learning hours may be associated with the FIC course, based on the study hours required to achieve the learning outcomes.
What certification is awarded on completion of the FIC course?
A certificate of completion is awarded to those who successfully pass the final examination of the FIC course.
Is ICMA certified for professional development requirements?
Yes, ICMA is a member of the CPD® Certification Service and is approved by the Securities and Futures Commission of Hong Kong as a Continuing Professional Training (CPT) provider.
What are the benefits of ICMA certification?
ICMA certification provides rigorous training and equips professionals with practical skills needed in management accounting and fixed income markets, enhancing their career prospects.
Who can join the ICMA Certification Program?
Students with 14 or 16 years of education are eligible to join the ICMA Certification Program.
How does ICMA ensure quality in its certification programs?
ICMA collaborates with international institutions and follows strict guidelines to maintain high standards in its certification programs, ensuring they meet global professional requirements.
Final Word
The ICMA International Certification Program offers rigorous training and certification opportunities for professionals in management accounting and fixed income markets. With a legacy spanning half a century, ICMA is committed to empowering individuals to excel in their careers through comprehensive education and practical skill development.
