Programs & Events http://www.icmab.org.bd/index.php/programs-events Fri, 19 Jan 2018 10:52:30 +0600 Joomla! - Open Source Content Management en-gb Conference held at ICMAB on Changing Corporate Reporting Landscape http://www.icmab.org.bd/index.php/programs-events/758-conference-held-at-icmab-on-changing-corporate-reporting-landscape http://www.icmab.org.bd/index.php/programs-events/758-conference-held-at-icmab-on-changing-corporate-reporting-landscape

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.

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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.

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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.

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Wed, 17 Jan 2018 17:43:43 +0600
46th AGM of ICMAB held http://www.icmab.org.bd/index.php/programs-events/752-46th-agm-of-icmab-held http://www.icmab.org.bd/index.php/programs-events/752-46th-agm-of-icmab-held

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.

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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.

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Sun, 31 Dec 2017 19:00:29 +0600
Adoption of New IFRS-15 Emphasized http://www.icmab.org.bd/index.php/programs-events/746-adoption-of-new-ifrs-15-revenue-from-contracts-with-customers-emphasized http://www.icmab.org.bd/index.php/programs-events/746-adoption-of-new-ifrs-15-revenue-from-contracts-with-customers-emphasized

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.

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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.

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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.

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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.

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A large number of  Fellow and Associate Members of the Institute attended the CPD program.

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Wed, 20 Dec 2017 17:26:17 +0600
Participating in Bangladesh Capital Market Expo-2017 http://www.icmab.org.bd/index.php/programs-events/745-participating-in-bangladesh-capital-market-expo-2017 http://www.icmab.org.bd/index.php/programs-events/745-participating-in-bangladesh-capital-market-expo-2017

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.

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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.

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Wed, 13 Dec 2017 15:22:29 +0600
Seminar at Ahsanullah University of Science and Technology http://www.icmab.org.bd/index.php/programs-events/743-seminar-at-ahsanullah-university-of-science-and-technology http://www.icmab.org.bd/index.php/programs-events/743-seminar-at-ahsanullah-university-of-science-and-technology

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.

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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.

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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.

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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.

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Wed, 06 Dec 2017 20:43:23 +0600
ICMAB holds Professional Induction Program for the newly qualified CMAs http://www.icmab.org.bd/index.php/programs-events/739-icmab-holds-professional-induction-program-for-the-newly-qualified-cmas http://www.icmab.org.bd/index.php/programs-events/739-icmab-holds-professional-induction-program-for-the-newly-qualified-cmas

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) arranged a day-long Professional Induction Program to the newly qualified CMAs at the SIX SEASONS Hotel, Gulshan, Dhaka on November 18, 2017.

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ICMAB Young Leadership Development Committee developed this Professional Induction training program for the newly qualified CMAs. The objective of the training program was to give a brief orientation to the newly qualified CMAs on their role and responsibilities  as a member of the prestigiuos CMA profession. The contents of the training program were IFAC Code of Ethics, Finance Leadership and Competencies, Business Etiquettes and Self-Leadership Master Class.

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The training program was inaugurated by ICMAB President Mr. Jamal Ahmed Choudhury FCMA. The session of IFAC Code of Ethics for Professional Accountants was taken by Mr. Naba Krishna Muni FCMA, Financial Leadership and Competencies session was taken by Mr. Arif KhanFCMA. Business Etiquettes session was taken by Ms. Akhtar SanjidaKasem FCMA and Self-Leadership Master Class session was taken by Mr. Md. Munshi Abdul Alim FCMA.

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At the end of the training, every participant was awarded with a certificate after successful completion of the training. ICMAB’s Past President Mr. Mohammed Salim FCMA distributed the certificates to the participants.

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Tue, 21 Nov 2017 19:27:46 +0600
Observance of Accountancy Education Day http://www.icmab.org.bd/index.php/programs-events/736-observance-of-accountancy-education-day http://www.icmab.org.bd/index.php/programs-events/736-observance-of-accountancy-education-day

IFAC has declared 10th November as "International Accountants' Day". SAFA is observing this as "Accountancy Education Day". In observance of the day, ICMAB has organized elocution, quiz and essay writing competition for the students. A large number of students participated in the different contests.

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The following students have been awarded for their performances in respective contests:

Elocution Contest:
Mr. Raihanul Haque Bhuiyan - Champion
Mr. Mohammed Abu Yousuf - 1st Runner-up
Mr. Safaet Jamil - 2nd Runner-up

Quiz Contest:
Mr. Mohammed Abu Yousuf - Champion
Mr. Sudipta Das - 1st Runner-up
Mr. Muhammad Ziaul Haque - 2nd Runner-up

Essay Writing and Presentation Competition:
Mr. Raihanul Haque Bhuiyan- Champion
Mr. Md. Mahfuzur Rahman- 1st Runner-up
Ms. Ayesha Akter- 2nd Runner-up

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Thu, 09 Nov 2017 22:07:10 +0600
ICMAB Holds Accounting Educators’ Conference http://www.icmab.org.bd/index.php/programs-events/735-icmab-holds-accounting-educators-conference http://www.icmab.org.bd/index.php/programs-events/735-icmab-holds-accounting-educators-conference

Speakers in a recent conference organized by The Institute of Cost and Management Accountants of Bangladesh (ICMAB) emphasized the need for greater co-operation of academicians and the practitioners to narrow down the gap between the theory and the real-world management accounting practice. ICMAB arranged the day-long “Accounting Educators’ Conference” on the theme “Recent developments in the field of Management Accounting and Corporate Reporting” at ICMAB premisein Dhaka onOctober 27, 2017.

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Mr. Shubhashish Bose, Secretary, Ministry of Commerce Government of the Peoples Republic of Bangladesh inaugurated the program as Chief Guest. Mr. A K M Delwer Hussain FCMA, Chairman, Bangladesh Sugar and Food Industries Corporation and past president of the Institute attended the program as special guest.

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The objective of the conference was to build a bridging platform between the professionals and the practitioners and to promote Cost and Management Accounting education across the country. Faculty members of Accounting and Business Studies departments of different universities and colleges of 25 districts of the country attended the program.

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The chief guest in his speech emphasized that Accounting is a continuously evolving profession. Rapid changes are taking place in the real world practice all around.The academicians and the professionals should keep themselves updated of the changes.He also highlighted the need for skilled human resources to materialize the 2021 vision to make Bangladesh a middle income country.

Three technical papers were presented in the conference. Mr. Mohammed Mehadi Masud Mazumder ACMA, PhD Associate Professor, department of AIS, University of Dhaka presented paper on “Integrated Reporting (IR):The Future of Corporate Reporting” in the first technical session. Professor Salim Uddin FCMA, PhD, Department of Accounting, University of Chittagong presented paper on “Management Accounting Tools for Organizational Sustainability” while  Mr. Musfiqur Rahman ACMA, PhD, Associate Professor, AIS, Dhaka University presented paper on “Revenue from Contracts with Customers (IFRS 15): A New Way of Thinking About Revenue” in the second and third technical sessions respectively.

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Mr. Md. TouhidulAlam Khan FCMA, DMD and Chief Business Officer, Prime Bank limited; Mr. Abdul Matin Patwary FCMA, CFO, Dhaka Stock Exchange Ltd. Ms Zinnia Tanzina Huq FCMA, Finance Director, Glaxo SmithKline and Ms. Akhtar Sanjida Kasem FCMA, FCA, Partner A Qasem  Co. attended different technical sessions as Commentators.

Prof. Swapan Kumar Bala FCMA, PhD, Commissioner, BSEC and Treasurer, ICMAB; Mr.M. Abul Kalam Mazumdar FCMA and Professor Mamtaz Uddin Ahmed FCMA, Past Presidents of ICMAB Chaired different sessions.

Among others Mr. Jamal Ahmed Choudhury FCMA, President ICMAB along with Mr. Mohammed Salim FCMA Past President and Chairman Education Committee; and Mr.Md. Abdur Rahman Khan FCMA, Secretary ICMAB attended the inaugural program.

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Sun, 29 Oct 2017 16:51:33 +0600
Seminar on “Prospects and Challenges of Development of Capital Market” held http://www.icmab.org.bd/index.php/programs-events/724-seminar-on-prospects-and-challenges-of-development-of-capital-market http://www.icmab.org.bd/index.php/programs-events/724-seminar-on-prospects-and-challenges-of-development-of-capital-market

In observance of "World Investor Week 2017" the Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized a seminar on “Prospects and Challenges of Development of Capital Market” on October 03, 2017 at ICMAB Ruhul Quddus Auditorium, Dhaka to aware general investors.

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Professor Dr. M. Khairul Hossain, Chairman, Bangladesh Securities and Exchange Commission (BSEC) was present as the Chief Guest while Mr. Arif Khan FCMA, Past President, ICMAB and CEO & Managing Director, IDLC Finance Ltd. presented the keynote paper. ICMAB President Mr. Jamal Ahmed Choudhury FCMA presided over the program.

Professor Md. Helal Uddin Nizami and Professor Dr. Swapan Kumar Bala FCMA Commissioners, Bangladesh Securities and Exchange Commission (BSEC) and Mr. K.A.M. Majedur Rahman, Managing Director, Dhaka Stock Exchange Ltd. was present as Discussants.

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The Chairman of BSEC Dr. M. Khairul Hossain told that the unwanted incident as occurred in 2010 in capital market will not happen in future since proper regulatory measures have already been taken by BSEC. He further added that investors' confidence on the capital market restored following the regulatory reforms. One should invest in shares doing proper analysis of financial statements, he added.

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ICMAB Secretary Mr. Md. Abdur Rahman Khan FCMA offered vote of thanks. A large number of Fellow and Associate Members and Students of the Institute attended the Seminar.

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Thu, 05 Oct 2017 16:25:53 +0600
Reception to the CMAs passed in June 2017 examination http://www.icmab.org.bd/index.php/programs-events/718-reception-to-the-cmas-passed-in-june-2017-examination http://www.icmab.org.bd/index.php/programs-events/718-reception-to-the-cmas-passed-in-june-2017-examination

The Council of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) accorded a warm reception to the students who recently passed CMA final examination. The colorful and joyous program was held on September 26, 2017 at the ICMAB Ruhul Quddus Auditorium, Dhaka. 32 students successfully qualified to achieve the prestigious CMA degree after passing all the subjects of the CMA course.

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ICMAB President Mr. Jamal Ahmed Choudhury 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.

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The newly qualified CMAs shared their feelings of joining the CMA family and expressed firm commitment to uphold the image of the profession.

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A CMA graduation signature book was unveiled on this occasion by the senior most member and past President of the Institute Mr. Rafiq Ahmad FCMA.

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Among others, Past Presidents of ICMAB Prof. Mamtaz Uddin Ahmed FCMA, Mr. Mohammed Salim FCMA, Mr. Arif Khan FCMA, Treasurer Prof. Dr. Swapan Kumar Bala FCMA and Council Member Mr. Abu Bakar Siddique FCMA attended the program. The program was conducted by ICMAB Secretary Mr. Md. Abdur Rahman Khan FCMA.

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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.

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asd.admin@icmab.org.bd (Mahmud) Programs & Events Wed, 27 Sep 2017 15:50:16 +0600