Today, the Institute of Cost & Management Accountants (ICMA) announced its new curricula for its Chartered Management Accountant (CMA) Professional Qualification effective from July 2025.
ICMA’s new curricula aims to boost CMA job-readiness in today’s fast-evolving business landscape, where technology is reshaping the traditional role of professional accountants. The new curricula empower CMAs to become strategic partners with problem-solving and communication skills and an ability to harness technology to support leadership decision making.
As a first for accounting professional bodies in Pakistan, Gen-AI is included as a core subject in the new ICMA curricula to ensure that our new generation of CMAs has familiarity with the concept of Gen-AI and its potential impact on business productivity.
The introduction of Gen-AI as a core subject is driven by a rapidly developing global consensus on its transformational potential in enhancing business productivity. A report by McKinsey Digital dated 28 January 2025 titled Superagency in the workplace: Empowering people to unlock AI’s full potential states:
“Artificial intelligence has arrived in the workplace and has the potential to be as transformative as the steam engine was to the 19th-century Industrial Revolution”.
Commenting on the new curricula, Mr. Ghulam Mustafa Qazi, the Chairman of the Education Committee and the President of the National Council of ICMA Pakistan stated:
“ The impactful changes in the curricula including the introduction of New Age subjects like Gen-AI, data analytics, digital accounting, and entrepreneurship will help ICMA Pakistan develop future-fit accounting professionals ready for the new digital era.”
