There are four stages in the Graduate Member programme, each stage requiring the passing of four subjects. A detailed list of the subjects is provided in Figure 2, and Figure 3 below shows the articulation process with each stage leading naturally to the next one, and building on what has been learnt in previous stages.
Stage 4 of the graduate program consists of the totality of the subjects in the Graduate Conversion Program. These subjects may be undertaken directly (without completing Stage 1 to 3) by holders of degrees or professional qualifications in disciplines other than accounting. These subjects are taught at the honours/masters level.
Students completing the Graduate Member programme become Graduate Members of the ICMA, and could apply for Associate membership (AMA) once they have acquired the 3 years experience levels required by the Institute.
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ICMA SUBJECTS |
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GRADUATE PROGRAMME |
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Stage One (CAT) |
Organizational Management Accounting Principles & Practice Accounting Control Systems Financial Information Systems |
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Stage Two (RCA) |
Financial Economics International Business Law and Governance International Business Taxation Business Analysis & Audit |
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Stage Three (RBA) |
Financial Accounting Marketing Management Information Management Strategic Management |
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Stage Four (GMA) |
Financial Management Financial Statement Analysis Financial Modelling Management Accounting |
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CMA PROGRAMME |
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Part One |
Strategic Cost Management |
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Part Two |
Strategic Business Analysis |
Students who have partially completed programmes at universities, recognised professional bodies and other educational and training establishments may apply for credit, on a subject-by-subject basis. Further, it is one of the objectives of the Institute to accredit Graduate Conversion Programmes offered to non-accountants to convert to accountancy at recognised universities and educational bodies. Holders of Graduate Diplomas in Accounting and above, will be thus eligible for Graduate membership in the Institute.
The Institute’s own Graduate Conversion Programme, consists the four subjects of Stage 4 in Figure above, taught at a University 4th Year (Honours/Graduate Diploma) level.