The Chartered Institute of Cost and Management Accountants (CICMA) is a Nigerian – based professional accounting body offering Accounting education and professional qualifications in cost and management accountancy and related subjects, focus on accounting, business and government operations. The head office of the institute is in Kaduna. The institute also has regional offices at Abuja, Kano, Jos and Port Harcourt. As at September 2019, it had 9,800 members working in and outside Nigeria. It also has 6,744 registered students.
HISTORY OF THE INSTITUTE
The institute was founded as Association of Cost and Management Accountants in 2003. In the year 2004 the institute’s Council changed the name to Institute of Cost and Management Accountants for the purpose of getting the enabling Act for the institute. In the same year, 2004, the Nigerian National Assembly in the process of passing the institute’s Bill added the word “Chartered” to the name of the institute, thereby renaming it as Chartered Institute of Cost and Management Accountants.
The main purpose of The Chartered Institute of cost and Management Accountants (CICMA) is to foster and maintain high standard of professional ability and practice in Cost and Management Accounting and related disciplines.