ICMAB arranged a Seminar on the theme “Accounting Business Process Outsourcing (BPO)” at ICMAB Ruhul Quddus Auditorium, Dhaka on April 04, 2018.
Mr. Zunaid Ahmed Palak MP, Honorable State Minister, Information and Communication Technology (ICT) Division, Government of the People’s Republic of Bangladesh attended the program as Chief Guest while Mr. Mahtab Uddin Ahmed FCMA, Managing Director & CEO, Robi Axiata Ltd. attended the program as Guest of Honour.
The Honorable State Minister gave a presentation on the latest development of digitalization process of the country. He also inaugurated the Virtual E-learning system of the Institute.
Mr. Md. Abdul Hakim Bhuiyan FCMA, Chairman & Managing Director, Kichai IT Services Ltd. United Kingdom presented paper on "Accounting Business Process Outsourcing (BPO)" and Syed Asif Aziz CPA, CGA, ACCA, Managing Partner, A&M Partners (Finance Accounting Outsourcing) presented paper on "Finance Accounting Outsourcing" in the Seminar.
Mr. Mohammed Salim FCMA, President ICMAB presided over the Seminar. Mr. Md. Abdur Rahman Khan FCMA, Secretary ICMAB and Mr. Md. Kausar Alam FCMA, Vice-Chairman, Seminar & Conference Committee also attended the program.
A good number of professional CMAs took part in the question & answer Session which made the program very lively.]]>
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized a seminar titled “Uplifting Employability of Business Graduates through Professional Education” on March 12, 2018 at Dhaka College premises in collaboration with the Department of Management, Department of Accounting and Department of Economics of Dhaka College.
Professor Md. Muazzam Hossain Mollah, Principal of Dhaka College graced the occasion as Chief Guest. Professor Nehal Ahmed, Vice-Principal, Professor Md. Humayun Kabir, Chairman, Dept. of Accounting, and Professor Shamim Ara Begum, Dept. of Economics of Dhaka College were present in the seminar as Special Guests. The seminar was chaired by Professor Dr. Md. Alauddin, Chairman, Department of Management of Dhaka College.
Institute’s President Mr. Mohammed Salim FCMA, Vice President Mr. Arif Khan FCMA, Past President Professor Mamtaz Uddin Ahmed FCMA, Academic Consultant Dr. Nikhil Chandra Shil FCMA and fellow member Mr. Naba Krishna Muni FCMA were present in the seminar as the Guests of Honour.
Speakers at the seminar discussed about the necessity of professional degrees in addition to academic degrees for accelerating career success. Education system of ICMAB is also briefed along with the membership profile to motivate the audiences. Bringing some successful indicators of Bangladesh which is undergoing through serious development initiatives, the speakers presented the potential of professional accountants in coming days. Around 600 students of the college attended the seminar and listened to the speakers till the end which lasts for more than three hours. Students were also engaged in an informal networking with the speakers at the end of the seminar which reflects their keenness with the professional education.]]>
The Council of the Institute accorded a open hall reception to the students who passed CMA final examination in December 2017 examination. The program was held on March 08, 2018 at the ICMAB Ruhul Quddus Auditorium. 8 students who successfully qualified to achieve the prestigious CMA degree after passing all the subjects of the CMA course were warmly greeted by the Office Bearers, Councilors, Members and Students of the Institute. Newly qualified students were briefly introduced before the audience. As a mark of honor, they were given seat in the dias while Councilors including the president seated in the audience. The program started with recitation from the holy Quran and was followed by address of welcome by Chairman, Examination Committee Mr. M. Abul Kalam Mazumdar FCMA.
The newly qualified CMAs then shared their feelings of joining the CMA family and lively stories of struggle, hopes and inspirations during their arduous journey as a CMA student. They expressed firm commitment to uphold the image of the profession. President Mr. Mohammed Salim FCMA in his speech advised the newly qualified CMAs to maintain the highest standard in rendering their professional services. He also emphasized on strict compliance to the professional code of ethics and conducts that CMAs are highly regarded for. He told that as a professional they should remain committed to their responsibilities to the society. All the newly qualified CMAs put their signature with comments in the CMA graduation signature book.
Among others, Past Presidents of ICMAB Mr. Rafiq Ahmad FCMA, Mr. Arif Khan FCMA and Council Member Mr. Md. Mamunur Rashid FCMA attended the program. The program was conducted by ICMAB Secretary Mr. Md. Abdur Rahman Khan FCMA. Mr. Md. Mahbub Ul Alam FCMA, Executive Director of the Institute offered vote of thanks. A large number Fellow & Associate Members and Students of the Institute attended the Reception program.]]>
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized a grand gala program at Pan Pacific Sonargaon Hotel in the city on January 28, 2018 for distribution of awards among 27 enterprises covering different sectors including banks, non-banking financial institutions, General insurance, Manufacturing, power Generation and Miscellaneous categories. in recognition of this best culture of corporate governance.
Finance Minister Abul Maal A. Muhith, MP distributed the ICMAB Best Corporate Award- 2016 at the ceremony as Chief Guest. Professor Dr. M. Khairul Hossain, Chairman, Bangladesh Securities and Exchange Commission and Mr. C. Q. K. Mustaq Ahmed, Chairman, Financial Reporting Council (FRC) were present as the Special Guests.
President of ICMAB Mr. Jamal Ahmed Choudhury FCMA delivered the welcome address while Chairman of Corporate Award and Branding Committee Mr. Mohammad Ali Nawaz FCMA and Mr. Md. Abdur Rahman Khan FCMA, Secretary of ICMAB delivered the vote of thanks on the occasion.
In order to equip CMA students with the knowledge of IFRS, the Institute organized a Training Program on “IFRS-16: Leases” for the students of ICMAB on January 20, 2018 from 6.00 p.m. to 8.00 p.m. at ICMA Bhaban, Nilkhet, Dhaka.
The Training Program was conducted by Mr. Md. Shafiqul Alam FCMA, Group CFO & Company Secretary, Super Star Group. Mr. Mohammed Salim FCMA, Vice President & Chairman, Education Committee was present in the inaugural session of the training. Around 80 CMA students attended the said training program.
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized a Conference on the theme “Changing Corporate Reporting Landscape” at ICMAB Ruhul Quddus Auditorium, Dhaka on January 13, 2018.
The conference addresses two emerging corporate reporting frameworks, i.e., sustainability reporting and integrated reporting, which changed the corporate life of professional accountants significantly. Two renowned globally acclaimed professionals acted as the resource persons in the conference. Dr. Ataur Rahman Belal FCA, FCCA, FCMA, Professor and former Head, Department of Accounting, Aston University, UK presented technical paper on ‘Role of Accounting in Sustainable Development’ during the first session while Dr. A.K.M. Zahirul Hoque FCPA, FCMA, Professor of Management Accounting/Public Sector, La Trobe University, Australia presented a paper on Integrated Reporting-Fundamentals, Opportunities and Challenges in the second session respectively.
Prof. Dr. Swapan Kumar Bala FCMA, Commissioner, BSEC chaired the first session where Mr. David Hasanat, Chairman & CEO, Viyellatex Group, Mr. Md Touhidul Alam Khan FCMA, DMD and Chief Busines Officer, Prime Bank limited were present as commentators. Mr. Anwaruddin Chowdhury FCS, FCA Council Member & Past President, ICAB chaired the second session and Mr. Arif Khan FCMA, CEO & Managing Director, IDLC Finance Ltd and Dr. Mohammed Mehadi Masud Mazumder FCMA, Associate Professor, department of AIS, University of Dhaka remained present as commentators.
The conference began with the welcome address of Mr. Jamal Ahmed Choudhury, FCMA, President ICMAB and ended with the vote of thanks from Mr. Md. Abdur Rahman Khan FCMA, Secretary ICMAB.]]>
The 46th Annual General Meeting of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) was held on December 29, 2017 at ICMAB Ruhul Quddus Auditorium, ICMA Bhaban, Nilkhet, Dhaka.
Mr. Jamal Ahmed Choudhury FCMA, President of the Institute presided over the Meeting. Mr. Md. Abdur Rahman Khan FCMA, Secretary presented the Report of the Institute’s Council for the year 2016-2017. Prof. Dr. Swapan Kumar Bala FCMA, Treasurer presented the Audited Accounts and Financial Reports of the Institute for the year 2016-2017.
Prof. Mamtaz Uddin Ahmed FCMA and Mr. Mohammed Salim FCMA, Vice Presidents of the Institute replied to the questions as raised by the members relating to the Examination and Education.
Past Presidents, Council Members and a large number of Fellow and Associate Members of the Institute attended the Annual General Meeting.]]>
International Federation of Accountants (IFAC) has issued most comprehensive International Financial Reporting Standard, “IFRS-15: Revenue from Contracts with Customers” to be effective from January 01,2018. Considering the significance and gravity of the standard, the Institute of Cost and Management Accountants of Bangladesh (ICMAB) has arranged for Continuing Professional Development (CPD) program for its members on December 19, 2017 at ICMAB Ruhul Quddus Auditorium, Nilkhet, Dhaka.
Mr. M. Abul Kalam Mazumdar FCMA, Chairman of the Cost Accounting and Financial Reporting Standards Committee (CAFRSC) and former President of the Institute Chaired discussion session. Ms. Akhtar Sanjida Kasem FCA, FCMA, Partner, A. Qasem & Co. presented standard as key Resource Person. Mr. Mustafa Alim Aolad, Deputy CFO, Grameenphone Limited and Dr. Md Musfiqur Rahman ACMA, Associate Professor, Dept. of Accounting & Information Systems, University of Dhaka took part as panel discussants. ICMAB Secretary Mr. Md. Abdur Rahman Khan FCMA offered vote of thanks.
In his welcome speech Mr. Mazumdar mentioned that to be a professional accountant the Cost and Management Accountants are required to be thorough about financial accounting as well as Cost accounting standards. In an effort to this direction the CPD program was arranged.
Ms. Akhtar Sanjida Kasem FCA, FCMA, Partner, A. Qasem & Co. while presenting the standard highlighted the importance of making the stakeholders of corporate bodies aware of the implications of the standards, in revenue recognition and cost estimation, upon its implementation.
Dr. Md Musfiqur Rahman ACMA, Associate Professor, Dept. of Accounting & Information Systems, University of Dhaka, in his speech mentioned that IFRS 15 is robust standard which is going to replace a number of existing standards. While elaborating the technical aspects he emphasized the need for appropriate readiness of the companies for its implementation.
Mr. Mustafa Alim Aolad, Deputy CFO, Grameen Phone Limited discussed about their experience in implementing the standards. He mentioned that Telco companies are one of the companies who would have huge impact on its revenue, cost, tax and VAT while implementing the standard.
A large number of Fellow and Associate Members of the Institute attended the CPD program.
To promote Cost and Management Accountant profession the Institute participated in “Bangladesh Capital Market Expo 2017” organized by Arthosuchak, the online business news portal on December 7, 8 & 9, 2017 at National Theater plaza of Bangladesh Shilpakala Academy.
All the stakeholders of the Capital Market including Brokerage Houses, Merchant Banks, Asset Management Companies, Credit Rating Agencies, Audit Firms, Listed Companies and general investors attended the fair.
Mr. Tofail Ahmed MP, Minister for Commerce inaugurated “Bangladesh Capital Market Expo 2017” as chief guest on December 7, 2017. Dr. Mr. Muhammad Abdur Razzaque MP was present in the inaugural ceremony as special guest.]]>
The Institute organized a seminar titled “Uplifting Employability of Business Graduates Through Professional Education” on November 27, 2017 at Ahsanullah University of Science and Technology (AUST) premises in collaboration with the School of Business Administration of the University. Professor Dr. Shyamapada Biswas, AUST, graced the occasion as Chief Guest and Prof. Dr. Md. Amanullah, Head, School of Business and Dean, Faculty of Business and Social Sciences, AUST, was the Program Chair. Institute’s Vice President Mr. Mohammed Salim FCMA, Treasurer Prof. Dr. Swapan Kumar Bala FCMA, and Academic Consultant Dr. Nikhil Chandra Shil FCMA were the guests of honour.
Dr. Nikhil Chandra Shil gave a power point presentation on the topic of the seminar and stated that how the undergraduate business students could follow the convenient entry route to obtain CMA qualification and how this qualification would add a competitive advantage in the employment market. He also illustrated the brilliant CMAs who are presently working in CEO/CFO and other key regulatory positions. Chief Guest Prof. Dr. Shyamapada Biswas thanked ICMAB for organizing the seminar for their students which would be beneficial for their future career selection.
Mr. Mohammed Salim FCMA emphasized that if the CMA qualification can be added with the university degree, how the local and international job markets are easily accessible to them. Dr. Swapan Kumar Bala FCMA mentioned how the employers’ expectation from a new employee (intelligence, energy and integrity) can be inbuilt within the willing students through professional CMA education and training.
Prof. Dr. Md. Amanullah highlighted on the value addition from CMA qualification and advised the students to go through the rigorous professional learning process because a business graduate with a CMA cap is obviously of high demand for the employers. He hoped that this type of seminar would be organized in future in association with ICMAB.
Ms. Nusrat Zahan Dina (AUST’s BBA student of 34th batch) and Mr. Nehal Montasir (AUST’s BBA student of 35th batch) nicely conducted the program. Mr. Arif Ahamed, Lecturer of Accounting, School of Business, AUST, coordinated the whole program on behalf of AUST.]]>