CREDITS FOR PRIOR LEARNING

Holders of Certificates/qualification/passes obtained from the Chartered Institute of Management Accountants (CIMA), might be eligible to apply for the following credits. These credits have been agreed upon by ICAM and the Institute of Chartered Accountants in England and Wales (ICAEW). ICAM is being supported by ICAEW which is a leading global accountancy body in setting up the Chartered Accountant Malawi (CA (M)) qualification.

AVAILABLE CREDITS FOR CIMA 2010 SYLLABUS PROFESSIONAL QUALIFICATION

Subject (ICAM) Should have passed the following papers in CIMA 
B6 Business Strategy F2 Financial ManagementP1 Performance OperationsP2 Performance Management

P3 Performance Strategy

E1 Enterprise Operations

E2 Enterprise Management

E3 Enterprise Strategy

 

 B1 Financial Management F2 Financial ManagementF3 Financial StrategyP1 Performance Operations

P3 Performance Strategy

 

P1 Accounting Framework F1 Financial OperationsF2 Financial Management 
P7 Business & Finance F1 Financial OperationsF2 Financial ManagementP1 Performance Operations

P2 Performance Management

P3 Performance Strategy

E1 Enterprise Operations

E2 Enterprise Management

 

P3 Management Information F2 Financial ManagementP1 Performance OperationsP2 Performance Management

 

 

 

AVAILABLE CREDITS FOR CIMA 2005 SYLLABUS PROFESSIONAL QUALIFICATION

Subject (ICAM) Should have passed the following papers in CIMA 
B6 Business Strategy Integrated ManagementManagement Accounting Business StrategyOrganizational Management and Information Systems

 

B2 Financial Accounting & Reporting Financial Accounting and Tax PrinciplesFinancial Analysis 
B1 Financial Management Management Accounting Decision MakingManagement Accounting Risk and Control StrategyManagement Accounting Financial Strategy

 

P1 Accounting Framework Certificate in Business Accounting
P7 Business and Finance Certificate in Business Accounting
P3 Management Information Certificate in Business AccountingManagement Accounting Decision Making. 

 

AVAILABLE CREDITS FOR CIMA 2011 SYLLABUS CERTIFICATE IN BUSINESS ACCOUNTING

Subject (ICAM) Should have passed the following papers in CIMA 
P1 Accounting Framework Certificate in Business  Accounting
P7 Business and Finance Certificate in Business Accounting

 

AVAILABLE CREDITS FOR CIMA 2005 SYLLABUS CERTIFICATE IN BUSINESS ACCOUNTING

Subject (ICAM) Should have passed the following papers in CIMA 
P1 Accounting Framework Certificate in Business Accounting
P7 Business and Finance Certificate in Business Accounting

 

EXEMPTIONS AWARDED TO ABE AND IOBM CERTIFICATE HOLDERS UPON REGISTERING IN ICAM’S PROGRAMMES (CIFA & TECHNICIAN).

 

  1. Certificate in Banking (IOB)

Holders of this should be exempted from the Certificate in Financial Accounting (CIFA) and Accounting/1 (TC1) and Communication (TC2) at Technician level.

 

  1. ABE level 4

Holders of this should be exempted from the Certificate in Financial Accounting and Accounting/1(TC1) and Communication (TC2) at Technician level.

 

  • ABE level 5

Holders of this should be exempted from the Certificate in Financial Accounting (CIFA) and Accounting/1 (TC1), Communication (TC2) and Business Law (TC8) at Technician level.

 

  1. ABE level 6 Holders of this should be exempted from the Certificate in Financial Accounting (CIFA) and Accounting/1 (TC1), Communication (TC2), Economics (TC5) and Business Law (TC8) at Technician level.

 

 

 

CREDITS FOR PRIOR LEARNING

Students and Affiliates from Association of Chartered Certified Accountants (ACCA), might be eligible to apply for the following credits. These are credits that ICAM in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW) have agreed on. You will recall that ICAM is being supported by ICAEW which is a leading global accountancy body in setting up this qualification.

AVAILABLE CREDITS

Subject (ICAM) Qualifiers and Criteria (ACCA)
 B3 Audit and Assurance P7 Advanced Audit and Assurance
 B5 Public Sector Accounting P6 Advanced Taxation
B6 Business Strategy P3 Business Analysis
B2 Financial Accounting &Reporting F7 Financial ReportingP2 Corporate reporting
B1 Financial Management F9 Financial Management OR if you have received a converted pass in F9 you will also need paper P4 Advanced Financial Management.
B4 Tax Compliance P6 Advanced Taxation.
P1 Accounting Framework F3 Financial Accounting
P5 Assurance F8 Audit and Assurance
P7 Business and Finance F1 Accountant in Business
P2 Legal Framework F4 Corporate and Business Law.
P3 Management Information F2 Management AccountingF9 Financial Management
P6 Principles of Taxation F6 Taxation

 

 

21 Comments

  1. Kenson Mauya August 9, 2015 at 5:33 am

    I need june 2015 results

  2. tm October 7, 2015 at 4:55 pm

    For an entry to ICAM professional level, whats the Exemption for a Bachelor’s Degree in Accounting and Finance from Blantyre International University, also being a holder of PAEC Diploma.

    • Gilton Mkumbwa October 27, 2015 at 8:43 am

      Dear Temwa

      Please note that there are no exemptions at the moment for those holding he Accounting degree from Blantyre international university. However we are working on evaluating the degree so that we ascertain these exemptions

  3. Muchael Moses Kavalo October 24, 2015 at 8:01 pm

    Please I want to study with you but need to know what exemptions are there for me if any. I have an Executive Diploma in Business Accounting ( Level 4) and a Diploma in Managerial Principles (Level 3) from LCCIEB obtained in 2002 and 2000 respectively.

    • Gilton Mkumbwa October 27, 2015 at 9:02 am

      Thanks for your mail on the above subject.

      Please be advised that currently ICAM doesn’t grant any exemptions to an LCCI holder

  4. charles November 19, 2015 at 7:52 pm

    what subjects does an acca affiliate do in order to complete icam?

    • Gilton Mkumbwa November 24, 2015 at 4:32 pm

      They only do the two subjects at the advanced level. These are Corporate Reporting and Strategic Business Management

  5. linda ziwoya December 6, 2015 at 9:35 am

    iam currently studying ACCA and am remaining with 2 subjects p4 and p7 .how many am I going to write if I register with ICAM?

    • Gilton Mkumbwa January 21, 2016 at 5:52 pm

      Please note that for ACCA students exemptions when they transfer to the CA (M) qualification are based on a subject to subject comparison. As such, please send us a copy of your results so that we advise accordingly. Alternatively you can check on your own the exemptions you will be entitled to by visiting http://www.icam.mw

  6. elias January 3, 2016 at 9:36 pm

    I have Acca diploma, what exemptions do i have if i need to join icam? and have many subjects to i need to write to have Icam diploma?

    • Gilton Mkumbwa January 21, 2016 at 5:55 pm

      Dear Elias,

      Would you please send us a copy of your certificate for us to advise accordingly.

  7. Fanny January 19, 2016 at 10:58 am

    Someone with ACCA profession qualification and has done up to paper p2 are there any exemptions .if yes how many papers are you going to attempt at ICAM

    • Gilton Mkumbwa January 21, 2016 at 6:12 pm

      Dear Student,

      Please send us a copy of the result slip so that we advise accordingly. This is the case because exemptions are offered based on the subject to subject comparison.

  8. peter January 26, 2016 at 5:40 pm

    what is the total exemptions cost for an acca affiliate trying to do icam?

    • Gilton Mkumbwa February 1, 2016 at 9:09 am

      Dear Potential Student,

      An ACCA Affiliate does not pay for any exemptions. He is enrolled at the Advanced Level and he only pays examination fees at this level which is currently at K105,000/paper. You may also wish to know that at this level we only have two papers namely: Corporate Reporting and Strategic Business Management.

  9. magret February 5, 2016 at 11:02 am

    Am a holder of bachelor of commerce degree in accountancy obtained at catholic university.. what exemptions are there for me?

    • Gilton Mkumbwa February 10, 2016 at 4:40 pm

      Dear Magret,
      Please note that the degree has not been evaluated yet, as such there are no exemptions that will be offered to you when you register at the Chartered Accountant Malawi (CA(M)). However, you need to be informed that we are looking at the evaluation of the degree such that come July 2016 the exemptions will be known.

  10. chisomo kanjuchi April 16, 2016 at 2:26 am

    i would like if u just add manuals cost to fees per exam paper ……..i arleady purchased them whn thy wr out of stock not knowing ur making some……so hw r u goin to help us

  11. Gani Suleman June 5, 2016 at 3:40 pm

    Does an ACCA Member not Affiliate as mentioned automatically qualify as ICAM Chartered Accountant or are the certain fee or exams that he need to do

    • administrator 1 August 16, 2016 at 11:56 am

      Dear Gani Suleman,
      A member of ACCA has to apply for ICAM membership. On successful application he becomes Chartered Accountant (Malawi).
      Part of the requirement is a fee of K200,250.00 on top of completing the NPR application form.

  12. bryan bayani November 1, 2016 at 4:06 pm

    are there any exemptions fro those that posses bachelors degree in accountancy from private credited universities like catholic university of Malawi?

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